If the ComfortDelGro-Uber deal is allowed, the market will revert to its David-Goliath imbalance. But unlike the biblical outcome, Goliath almost always wins in any marketplace.
Posts Tagged: taxis
HDT applies for full licence, aiming to add 800 cabs to 100-strong fleet.
Singapore’s largest taxi operator ComfortDelGro will launch a dynamic pricing system for its 13,600 cabs from Jan 19.
Petrol-electric taxis now make up about 17% of fleet, compared with none just a decade ago.
Five other taxi firms already offer dynamic pricing for bookings made with Grab app.
Faced with competition from private-hire firms, taxi operators threw in their lot with these operators that threatened to eclipse them.
$642m deal comes after taxi giant’s likely tie-up with Uber was announced in August.
Showing support for the 22,000 public transport workers here like Mr Singh is what the Government, labour movement, and public transport operators are hoping to encourage.
ComfortDelGro’s taxi unit posted an operating profit of $37.5 million for the three months, down 20.7 per cent from the corresponding period last year.
They can reject certain trips as well as state preferred destinations, among other things.