Taxis to be taken out of COE bidding process: LTA

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Taxis to be taken out of COE bidding process: LTA

Postby Daddy D » Fri Jul 27, 2012 8:31 pm

http://www.todayonline.com/Singapore/ED ... ocess--LTA

SINGAPORE - Taxis will be taken out of the Certificates of Entitlement (COE) bidding process from next month, the Land Transport Authority (LTA) announced today....


Can expect COE prices to drop?
:celebrate:

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Re: Taxis to be taken out of COE bidding process: LTA

Postby Imami » Fri Jul 27, 2012 9:34 pm

Daddy D wrote:http://www.todayonline.com/Singapore/EDC120727-0000145/Taxis-to-be-taken-out-of-COE-bidding-process--LTA

SINGAPORE - Taxis will be taken out of the Certificates of Entitlement (COE) bidding process from next month, the Land Transport Authority (LTA) announced today....


Can expect COE prices to drop?
:celebrate:


Hmm.. I have the same question. I want a new car leh..... :sad:

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Re: Taxis to be taken out of COE bidding process: LTA

Postby MrsSeah » Fri Jul 27, 2012 9:40 pm

Taxi under which category?

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Re: Taxis to be taken out of COE bidding process: LTA

Postby Daddy D » Fri Jul 27, 2012 9:46 pm

MrsSeah wrote:Taxi under which category?


From current Cat A (1600CC & Below), move to Cat E (Open)

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Re: Taxis to be taken out of COE bidding process: LTA

Postby MrsSeah » Sat Jul 28, 2012 9:59 am

Daddy D wrote:
MrsSeah wrote:Taxi under which category?


From current Cat A (1600CC & Below), move to Cat E (Open)



Thanks.

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Re: Taxis to be taken out of COE bidding process: LTA

Postby isetan » Sat Jul 28, 2012 10:03 am

Daddy D wrote:
MrsSeah wrote:Taxi under which category?


From current Cat A (1600CC & Below), move to Cat E (Open)


Price of taxi fare will goes up eventually, if it move to cat e.

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Re: Taxis to be taken out of COE bidding process: LTA

Postby ChiefKiasu » Sat Jul 28, 2012 10:33 am

The news release is poorly done. On one hand, it says cab companies need only pay the PQP CAT A prices when they buy new taxis, regardless whether it is to replace an existing taxi or add to their fleet.

On the other hand, it says taxis for "fleet expansion" will come from the CAT E COE, which has to go through the bidding process.

Boggles the mind. I must be getting stupid.

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Re: Taxis to be taken out of COE bidding process: LTA

Postby verykiasu2010 » Sat Jul 28, 2012 10:44 am

too much $Lui$ liao
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Re: Taxis to be taken out of COE bidding process: LTA

Postby Daddy D » Sat Jul 28, 2012 10:51 am

ChiefKiasu wrote:The news release is poorly done. On one hand, it says cab companies need only pay the PQP CAT A prices when they buy new taxis, regardless whether it is to replace an existing taxi or add to their fleet.

On the other hand, it says taxis for "fleet expansion" will come from the CAT E COE, which has to go through the bidding process.

Boggles the mind. I must be getting stupid.


You're not alone...
Must be LTA scholar standard in order to decode their logic... :laugh:
They scared kena $1 COE later...

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Re: Taxis to be taken out of COE bidding process: LTA

Postby Funz » Sat Jul 28, 2012 12:28 pm

ChiefKiasu wrote:The news release is poorly done. On one hand, it says cab companies need only pay the PQP CAT A prices when they buy new taxis, regardless whether it is to replace an existing taxi or add to their fleet.

On the other hand, it says taxis for "fleet expansion" will come from the CAT E COE, which has to go through the bidding process.

Boggles the mind. I must be getting stupid.


Pay Cat A price but draw from Cat E quota? :shrug:

Dunno, in the first place not sure how the whole thing works.

Can't convince them confuse them. :lol:

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