Source: យូ អ៉ី Facebook page.

Chinese bike-sharing operator Ofo has breached multiple regulatory requirements set by the government and has to meet them all by 13 February to avoid suspension, stated the Land Transport Authority (LTA) on Tuesday (15 January).

It stated that Ofo has breached multiple regulatory requirements despite being given an ample preparation period for compliance.

LTA claims that despite multiple warnings and regulatory action taken against them, Ofo had not been able to reduce its deployed bicycle fleet to the stipulated maximum fleet size of 10,000, as well as managing to implement the QR-code parking system by 14 January.

LTA said, “We view these as serious breaches of critical requirements. Therefore Ofo must meet all regulatory requirements by 13 February 2019, failing which LTA intends to suspend Ofo’s licence.”
The authority had announced last November that it would take action against ofo for breaching the fleet-size quota, in which the company could have been fined up to $100,000 for its infringement of the Parking Place Act.
The firm, however, has been facing cash flow problems and millions of users have asked for their deposits back.
Dai Wei, Ofo chief executive, stated in December that the firm was battling “immense” cash flow problems and disbanding the firm has been considered as an option.
At least two of Ofo’s former logistic vendors have said the firm owes them around S$700,000 for their services in the country alone and the contracts of hundreds of Ofo Singapore employees were also terminated in November last year.

Employees said Ofo still owed them thousands of dollars in claims and they have lodged complaints with the Tripartite Alliance for Dispute Management.

 

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments
You May Also Like

Minister warns of “absolutists” in Malay-Muslim community

In his latest remarks urging the Muslim community in Singapore to be…

TOC reader weighs in on gay issue

The following is a comment posted on the article “MDA: Abnormalizing the…

月薪过万 宏茂桥市镇会前总经理涉受贿

宏茂桥市镇会前总经理黄志明,涉嫌收受承包商总值10万元的贿赂,在本周于国家法院面对审讯。 黄志明在2013年至2016年9月,受雇于新工产业管理服务公司(CPG Facilities Management),该公司是宏茂桥市镇会的管理代理公司。任职期间月薪达到1万0550元。 58岁的黄志明,被指控在2014年至2016年间,收受承包商谢信南总值10万7千元的贿赂。其中半数是两人光顾卡拉OK酒廊和按摩院的花费。 在那两年期间,谢信南的公司,19-ANC和19-NS2私人企业有限公司,都成功赢得市镇会价值数百万元的招标和工程。两家公司提供一般建筑、维修和装修服务。 被告也向谢信南担任董事的一家车行买车,获得1万3千多元的折扣。同时,收受谢的3万0600元以汇款给其中国籍情妇。 黄志明供证反复其辞 在本周二(25日)的法庭审讯,黄志明被揭发供词前后不一。 在2016年,黄志明向贪污调查局供证,招标一事未偏袒谢信南的两家公司,但在没几天后(10月7日),黄志明改口承认错误。他指出,当时有四家公司招标提供祭祀用的环保香炉。 通常,市镇会只会选出三家报价最低的公司审核,但是黄志明则纳入了谢信南的公司。其同僚也告知,第二至第四家公司之间的价差仅1元,而谢的19-ANC企业提供报价是第四低。 黄志明表示,招标优先考量最环保的产品,而19-ANC…