BFM 89.9
The Business Station
ComfortDelGro Unfazed by Ride-Hailing App Onslaught
11 mins
·
09:20, 13 Oct 2016
·
Recommended
43 mins
SGX-listed land transport company, ComfortDelGro is expecting flat to slower earnings growth for its taxi operations, as it squares-off against Uber & Grab who are gaining market share. An exodus of drivers switching from traditional taxis to ride-hailing is unlikely in Singapore, as pay-packages are still more attractive for full-time taxi drivers.
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