SINGAPORE: SMRT Corporation Ltd is in talks to sell its taxi business to private-hire operator Grab. If successful, the deal will see SMRT, the third largest cab operator with a fleet of 3,400 taxis, exiting the business it has been in for 27 years. The Straits Times understands however, that the proposed deal has hit a bump over the jobs of SMRT Taxis workers. SMRT, fully owned by the government's Temasek Holdings, wants the buyer to ensure all affected workers retain their jobs. To date, Grab is available in seven South-east Asian countries: Indonesia, the Philippines, Malaysia, Vietnam, Thailand, Singapore and most recently, Myanmar.

Source: The Star April 22, 2017 08:26 UTC