Posts tagged: cartel
Did the National Taxi Association (NTA) breach anti-competition rules when it issued a statement urging taxi companies to follow ComfortDelGro’s example and adjust their fares?
Don’t you say. All unions that I’ve seen so far, fight for their workers’/members’ welfare and compensation, i.e. fighting for a reduction of rental, increase in healthcare benefits, or greater subsidies for diesel.
But here in uniquely Singapore, we have a National Taxi Drivers Union fighting to raise prices at the detriment of their very customers!?
Business 101 states never to piss your customers off unless you don’t want their business, or that you have no choice and you will have to work doubly hard to win them back.
Rather than just screwing with just Comfort cabs, the union is now “persuading” other cab companies to raise prices!? If this isn’t considered a form of price-fixing, then this is an extremely huge loophole that anyone can take advantage of in any oligopoly.
No surprise, the Competition Commission of Singapore refuses comment.