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The rapid rise of ride-hailing services such as Uber and Lyft has taken a big bite out of businesses that rely on people who need to park their cars. Now they're facing a choice: keep dwindling, or innovate.
China has given the green light to online ride-hailing services, issuing guidelines that establish a long-awaited framework for the booming industry.
JAKARTA: Indonesia’s Supreme Court has ruled that tariff ranges imposed by the government last month on online ride-hailing services are illegal, saying they impede competition.
KUALA LUMPUR: The Government is considering registering ride-hailing services in the country so that they can be taxed.
Regulators in Beijing and Shanghai are proposing restrictions on who can operate as drivers for ride-hailing services such as Didi Chuxing and Uber, possibly making it tougher for those services to recruit drivers.
Egypt said it will regulate ride-hailing services Uber and Careem after they sparked protests from taxi drivers in Cairo over allegations the smartphone applications bypass traffic regulations.
Startups Fasten and RideAustin saw South by Southwest, the annual technology, film and media gathering in Austin, Texas, as their biggest test since they replaced Lyft and Uber as the city's predominant ride-hailing services last May.
PETALING JAYA: Ride-hailing services, particularly Grab, have become a hot election topic after Pakatan Harapan chairman Tun Dr Mahathir Mohamad pledged to review these services if the coalition takes over the Government.
PETALING JAYA: The efforts in legalising and regulating ride-hailing services such as Uber and Grab should be supported by all parties as it would encourage healthy competition and wider consumer choice, says Chief Executive of the Institute for Democracy and Economic Affairs (IDEAS) Wan Saiful Wan Jan.