Monday, January 16, 2006

Work together to promote car sharing

NTUC Income operates the largest car sharing scheme in Singapore. We have 5,600 members sharing 200 cars located in 70 locations.

There are three other operators, namely CitySpeed, WhizzCar and Honda. Together, they have 5,400 members sharing 160 cars.

NTUC Income cooperates with the other operators to develop the car sharing market in Singapore. Each serves a different market segment. We meet regularly to share
experiences to improve the standard of carsharing service.

For example, NTUC Income shares our technology and call center facility with one of the operator.

I want to quote this example as another way for business to work in Singapore. We do not need to compete aggressively. We can cooperate to improve efficiency (and bring down cost) and quality of service.

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