03 Oct '11, 7am

Why are taxi companies exerting a disproportionate influence on the COE bidding process, asks our reader. Is this fair?

UNDER the existing certificate of entitlement (COE) open-bidding scheme, taxis are classified with cars up to 1,600cc in Category A. According to last year's annual vehicle statistics published on the Land Transport Authority website, there are 338,545 cars of up to 1,600 cc capacity, which is 36 per cent of total vehicle population. The number of taxis is 26,073 or only 3per cent of the total vehicle population. Time and again, we get to hear that bids from taxi companies have ramped up the COE premiums under Category A. The report on the latest COE bidding results ('Most COE prices lower amid gloomy outlook'; Sept 22) stated that if it were not for taxi companies submitting a barrage of bids in the final minutes before the tender closed, the premium would have closed at around $20,000. Because cab operators crashed into the Category A bidding, the price of a COE more tha...

Full article: http://www.straitstimes.com/STForum/Story/STIStory_719220...

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