REGULATED: Singapore is moving to regulate both Uber and GrabTaxi in the country.
SINGAPORE: Singapore has said it plans to regulate fast-growing third-party taxi booking services like Uber and GrabTaxi for the first time, capping fees and requiring them to dispatch only licensed cabs and drivers.
Under new rules to take effect in second-quarter 2015, operators of the increasingly popular services based on mobile phone applications will be required to register with Singapore's Land Transport Authority (LTA). The LTA said the fees charged by the booking services could not exceed those of regular taxi companies.
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