Transport & Logistics
ComfortDelGro slashes June taxi rentals to half
However, the firm warned that this will push the company even further into the red.
ComfortDelGro profits fell 48.9% to $36m in Q1
This is due to the decline in revenue from public transportation services and taxis.
Uber to move out of Singapore office in next 12 months
Around 80% of its Rides business has been impacted by the pandemic.
GrabFood launches pilot project for hawkers
This will allow consumers to order from stalls in a hawker centre.
Deliveroo rolls out tipping function
This will match the first 10,000 customer tips until 1 June.
Jardine Matheson faces pain in Indonesia
The effect of the pandemic weighed on its local automotive distribution unit.
SingPost's post-tax profit jumped 228.8% to $88.28m in FY2020
The increase is attributable to the absence of losses from US businesses.
Grab urges staff to take voluntary no-pay leave
The firm might not be able to provide financial support for drivers after 1 June.
Grab introduces non-emergency transport service
More than 250 driver-partners rostered for the 24-hour service.
ComfortDelGro extends full taxi rental waiver for one month
This is expected to cost the firm an additional $17m.
Grab slashes half of driver commissions until 4 May
Additional schemes to be implemented during the circuit-breaker timeframe. Grab is reducing its commission rate for private-hire drivers by 50%...
ComfortDelGro's management to take pay cuts
Directors of the group’s listed companies to have 20% cut on fees. ComfortDelGro Group's board and senior management will take a voluntary cut in...
ComfortDelGro waives taxi rents for a month
Total relief package for drivers could amount to $99m.
Grab hires Peter Oey as CFO
He moved from his CFO post in a legaltech firm. Grab Holdings Inc. (Grab) has hired corporate finance veteran, Peter Oey, as chief financial officer...
ComfortDelGro Taxi extends rental relief until September
The $80m move will push the business into the red for the fiscal year.
ComfortDelGro hikes rental relief for cabbies
This followed measures restricting gatherings and closing bars and cinemas.
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