Taxicabs are a popular form of public transport in the compact city state of Singapore, with fares considered relatively low compared to those in most cities in developed countries. There is a total fleet of 25,176 taxis operated by eight taxi companies and independent drivers in May 2010, collectively completing 588,632 trips daily across the island in June 2005.
Taxis may be flagged down at any time of the day along any public road outside of the Central Business District (CBD). Issues of high traffic and demand in certain locations and areas, particularly in the downtown area and other major buildings and establishments around the island, require the building of taxi stands.
Stringent requirements ensure that all taxis are fitted with meters and are air-conditioned and serviceable. Drivers who fail to utilise their meters may be fined up to S$500, an enforced rule which brings fare disputes down to a minimum. About 90% of taxis have inbuilt AM radio communications.
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