Singapore and Malaysian authorities have been clamping down on illegal cross-border transport services.

But despite clear rules banning chartered cars, limousine and private-hire operators continue to shuttle passengers across the border.

Vehicles have been impounded, contracts suspended, and enforcement stepped up. But the market hasn’t disappeared.

What keeps the cross-border business alive despite bans? Can the introduction of new legal services convince passengers to switch from illegal operators? And can regulators strike a balance between enforcement and meeting demand?

On The Big Story, Hongbin Jeong speaks with transport analyst Terence Fan, Assistant Professor of Strategy and Entrepreneurship at Singapore Management University, to find out more. 

Singapore and Malaysian authorities have been clamping down on illegal cross-border transport services.
But despite clear rules banning chartered cars, limousine and private-hire operators continue to shuttle passengers across the border.
Vehicles have been impounded, contracts suspended, and enforcement stepped up.&nbsp;But the market hasn&rsquo;t disappeared.
What keeps the cross-border business alive despite bans? Can the introduction of new legal services convince passengers to switch from illegal operators?&nbsp;And can regulators strike a balance between enforcement and meeting demand?
On The Big Story, Hongbin Jeong speaks with transport analyst Terence Fan, Assistant Professor of Strategy and Entrepreneurship at Singapore Management University, to find out more.&nbsp;

Your evening guide to the day's most important topics — navigate the key events in politics, business, markets, wealth management, and top investment opportunities. Keeps you informed and ahead of the curve, daily.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.