Taxi operator Smart Cab's license may not be renewed

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Local taxi firm Smart Cab needs to have at least 800 vehicles in service to stay in operation.

But, according to Lianhe Wanbao, the smallest taxi operator in Singapore has only 517 taxis as of August this year.

The company will need to hit the target by next year September, or it faces the prospect of having its operating license taken away by the Land Transport Authority (LTA).

Earlier in July, Minister of Transport Lui Tuck Yew announced that taxis are removed from the small car quota and no bidding is required.

Taxi operators who wish to expand their fleets just need to pay the prevailing quota premium (PQP).

However, there will be a cap on the number of new taxis that operators can register.