Grab said it wished that the Transport Ministry had consulted the industry first before announcing that e-hailing services will be subject to the same regulations as taxis, as it affects hundreds of thousands of drivers.
The new regulation, announced by Transport Minister Anthony Loke, requires e-hailing services to be subject to the same rules, especially for license registration, vehicle inspection and operational requirements.
Grab said it looks forward to actively engage Loke and his team in open dialogue to clarify and smoothen out the details of the new regulation to ensure minimal interruptions to its operations and driver-partners.
It also urges its driver-partners to bear with it as the company engages the Government to better understand the regulations and work out a solution that will minimise impact on the drivers.
Loke also said e-hailing services and taxi companies must provide insurance coverage for drivers, vehicles, passengers and third parties.
The regulations are an extension of the laws already passed in Parliament last year, which provided for legalisation of e-hailing services, said Loke, adding that e-hailing services will be given a grace period of one year to comply.