Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Dec 08, 2018

Ride-Sharing Titan Grab Sees Potential Boost After Thai Election

(Bloomberg) -- Grab hopes Thailand's upcoming general election will help revive the conversation about legalizing ride sharing in the country.

Talks about reforming the law can be put back on the table once an elected government is in place, Tarin Thaniyavarn, the head of Grab in Thailand, said in an interview. The military government in power since a coup in 2014 has tentatively scheduled a general election for Feb. 24.

“The topic of legalization should not be silenced like in the last three years anymore,” Tarin, 34, said in Bangkok.

Thailand and Myanmar are the only two countries in Southeast Asia where ride-sharing is still illegal, according to the Singaporean firm. Grab still operates in Thailand, but the authorities periodically use sting operations to crack down on drivers, who also face the risk of harassment by licensed taxi operators.

Legalization would eliminate these concerns, enabling Grab to add more drivers, Tarin said. He plans to stress to an elected government that ride-sharing can help reduce Bangkok's traffic problems. The city on some measures is Asia's most congested.

“One full-time Grab car equals four cars going out,” Tarin said. “This system works, especially for the world we are in today.”

To contact the reporter on this story: Natnicha Chuwiruch in Bangkok at nchuwiruch@bloomberg.net

To contact the editors responsible for this story: Sunil Jagtiani at sjagtiani@bloomberg.net, John McCluskey

©2018 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search