SMRT said to be in talks to sell taxi business to Grab

SINGAPORE (April 22): SMRT is in talks to sell its taxi business to ride-hailing app Grab, according to The Straits Times.

But the deal has hit a snag 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. But Grab it seems is not keen to take on more headcount as it has its own staff,” said the report, “Because of this, the sale is nowhere close to a deal.”

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