About 25 per cent of taxi drivers in Bangkok have been squeezed out of business in recent years. - AFP
BANGKOK (Bloomberg): Thailand may allow taxi operators in the capital Bangkok to increase fares for the first time in more than eight years to help drivers cope with rising fuel and living costs as retail inflation hovers near a 14-year high.
About 25% of taxi drivers in Bangkok have been squeezed out of business in recent years as the freeze in rates from 2014 meant their earnings lagged the 7% gain in cost of living during the period, Sorapong Paitoonphong, Thailand’s deputy minister of transport, said in a statement on Thursday (Sept 1).
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