d3n
Greater Supremacy Member
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- Aug 1, 2003
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I drive both but more active driving grab
i forget u is drive grab or uber one.. lol..
i forget u is drive grab or uber one.. lol..
So how long did you wait after your medical? To take the course I mean.
experts weigh in on cdg move..
http://www.todayonline.com/singapor...urn-beleaguered-taxi-business-around-analysts
Uber deal inadequate to turn ComfortDelGro around: Analysts
By KENNETH CHENG
ComfortDelGro announced it will buy over 51 per cent of Uber’s car-rental arm in Singapore, which runs Lion City Rentals with a fleet of about 14,000 vehicles. TODAY file photo.
Published09 DECEMBER, 2017UPDATED 09 DECEMBER, 2017
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SINGAPORE — As things stand, the deal between ComfortDelGro and Uber appears inadequate to turn the taxi operator’s bleeding business around, experts said.
On Friday (Dec 8), ComfortDelGro, Singapore’s largest taxi operator, announced it will buy over 51 per cent of Lion City Holdings, Uber’s car-rental arm in Singapore, which runs Lion City Rentals with a fleet of about 14,000 vehicles.
Transport economist Walter Theseira from the Singapore University of Social Sciences said the future of mobility platforms lies in algorithms, data and technology that match travel supply with demand — and “not in the business of owning large fleets”.
Subject to regulatory approval, the S$642 million deal will allow ComfortDelGro’s taxi drivers to take bookings via Uber’s app.
Intense competition — not least from ride-sharing companies such as Grab — has dented ComfortDelGro’s bottomlines in recent months.
In the third quarter of this year, revenues for its taxi business tumbled 11.2 per cent year-on-year, the company announced last month.
Dr Theseira said the deal was a “clear win” for Uber, since it was giving up a majority stake in a company with “rapidly depreciating vehicle assets”, which it is struggling to rent out and do not offer good returns on capital.
However, it remains unclear how ComfortDelGro, which is already struggling with renting its taxis profitably, stands to gain by adding more such vehicles, said Dr Theseira.
“On the surface of things, what it really appears to be (for ComfortDelGro) is a doubling down on the part of the business which has proved to be most challenging — fleet management operations and rentals … it’s frankly the business of the past.”
“It’s not clear that this represents the kind of move that ComfortDelGro needs to stay relevant,” he added.
That said, ComfortDelGro chief executive Yang Ban Seng had hinted in the press statement announcing the move that the firm will “benefit from Uber’s world-class technology”, but did not elaborate.
The two companies noted that they were putting the finishing touches on other unspecified partnership opportunities.
Assistant Professor Terence Fan, a transport specialist with the Singapore Management University, said Uber would benefit from the move, as it was “able to get some cash out of Lion City Holdings”, the profitability and growth potential of which were unclear.
Tying up with a sizeable operator like ComfortDelGro also helps Uber counteract its rival Grab’s “grip on the other smaller taxi companies”, said Asst Prof Fan.
In March, five taxi operators — Trans-Cab, SMRT Taxis, Premier Taxis, Prime Taxi and HDT Singapore Taxi — joined hands with Grab to roll out JustGrab, a fixed-fare service subject to dynamic pricing.
For ComfortDelGro, the move could give it more insight into and latitude over how Lion City Rentals runs, including tamping down rental deals that could slow down the movement of taxi drivers to the private-hire car market, said Asst Prof Fan.
“It’s a way to defend its core business,” he said.
The latest move seems to have cleaved the market into two camps: Uber and ComfortDelGro, pitched against Grab and its five partner taxi operators.
Dr Theseira said such consolidation was inevitable in a “winner-takes-all” industry.
“As long as … Grab and Uber have the money to make their dreams a reality, it was inevitable that they’d get to this point, either by killing the competitor (through) forcing them out of business or buying them over, (although in this deal) it’s the reverse because ComfortDelGro is buying a part of Uber’s business,” he explained.
Going forward, Dr Theseira said there was a “reasonable possibility” Grab and Uber would have to team up, because none will turn a profit as long as either party remains willing to splash money to stay ahead.
Swift too small for ugHi, can i check my own suziki swift 1.3 can be used for grab/uber?
If so roughly how much is the commercial insurance if i just got my car. (28yrs old dish year)
Use own car or rent from company outsideHow to do both? Any lobang? LCR only Uber Grab Rental only Grab. Trying hard to drive both platform exp fro their incentives.
Buffer ard 1.6 - 1.8k.
I can source quotes comparison if interested.
Also as long as 1.2 above can ug already
Use own car or rent from company outside
Dun rent from lcr or grab partners
Sent from HUAWEI MATE 9 using GAGT
Use own car or rent from company outside
Dun rent from lcr or grab partners
Sent from HUAWEI MATE 9 using GAGT
You mean commercial insurance around 1.6 to 1.8k? because my quoted tpt insurance is already 1.8k - 2.0k so i'm wondering commercial confirm is more right?
p.s backstory
I am continuing a 10yr old 2008 swift from my uncle and he has been the sole driver for the past 10 years. (too old and lazy to drive now). i think good deal for a decent problem free car. just wondering how to earn extra to supplement income.
No worries. U can provide me the details in order for my platform to quote. Ps: I am not agent. Just sic lobang as I have been using them all these while for private/commercial - which I just converted to own. Let me know
why you say that leh? don't lcr or grab partner give better deals? plus free servicing summore
He was asking to work both u and gya why ar.. pls sic why
wow after 4 weeks the incentive become 75 per week then can get $250? thats hard to hit for me haha
why you say that leh? don't lcr or grab partner give better deals? plus free servicing summore
I driving UG with my SSS for 2 months liao. So far so good. Airpork all 1 pax. Amdk okay with 4 person.Swift too small for ug
U kena airpork or amdk is gg
Sent from HUAWEI MATE 9 using GAGT