ComfortDelGro eyes removing rental discounts for taxi drivers: RHB

This as the company waits to see the impact of the fare hike on taxi driver’s earnings.

ComfortDelGro (CD) is planning to gradually remove rental discounts for taxi drivers as it waits to see the impact of the fare hike for taxi businesses, which will take effect on 1 March, on taxi drivers’ earnings, according to RHB.

This is despite its extension of rental relief for its taxi drivers in March. It already offered 15% rental relief to its taxi drivers in January and February.

RHB, meanwhile, maintained that the reopening of Singapore’s economy and borders will back the land transport firm's earnings recovery.

Also, RHB added that re-rating catalysts should stem from higher ridership from CD’s rail business, eventual discontinuation of rebates offered to Singapore taxi drivers as well as higher earnings from overseas operations in Australia and the UK.

If the European region sees a sharp decline in economic growth, though unlikely, there remains a small risk of CD’s lower earnings in the UK.

Follow the link for more news on

ComfortDelGro

ComfortDelGro taxi rebates

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia