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​Malaysia plans to deregulate taxi industry following approval of ride-sharing services

( August 15, 2016, 02:29 GMT | Insight) -- After Malaysia’s cabinet approved the legalization of ride-sharing services, the country’s transport minister said the ministry will deregulate the taxi industry to level the playing field, The Star reports. After Malaysia’s cabinet approved the legalization of ride-sharing services, the country’s transport minister said the ministry will deregulate the taxi industry to level the playing field, The Star reports. Transport Minister Liow Ting Lai said this means there would be fewer restrictions and regulations, including the public service vehicle-license requirement. Meanwhile, the Finance Ministry said it was considering requiring ride-sharing application platforms such as Uber to be registered as local companies for taxation purposes, The Malay Mail Online reports. ...

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