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.
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Singapore’s largest taxi operator ComfortDelGro will launch a dynamic pricing system for its 13,600 cabs from Jan 19.
Private-hire car drivers are a likely reason why Singapore’s petrol consumption is on the rise, despite the vehicle population shrinking, say experts.
Singapore is set to consume a record 6,453,600 barrels of petrol this year, according to oil industry data.
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.
Grab asked its rental fleet partners to install trackers in cars which will be used to collect data to generate daily reports of drivers.
Our consulting editor explains why there are more private-hire services than meets the eye, and why that is bad news for Singapore’s “car-lite” goal.
$642m deal comes after taxi giant’s likely tie-up with Uber was announced in August.
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.