Comfort offers fare-sharing plan with lower rentals

Taxis parked on the rooftop of the CityCab Building in Sin Ming. Since private-hire operators arrived in 2013, the taxi industry has been shrinking. There are now around 20,000 cabs on the road, down from around 28,000 at its peak. ST PHOTO: DESMOND
Taxis parked on the rooftop of the CityCab Building in Sin Ming. Since private-hire operators arrived in 2013, the taxi industry has been shrinking. There are now around 20,000 cabs on the road, down from around 28,000 at its peak. ST PHOTO: DESMOND WEE

Voluntary scheme will see daily leases go as low as $68 in exchange for 15% of fare takings

In another move to stave off rising competition, transport giant ComfortDelGro will embark on a profit-sharing scheme with its cabbies.

In its Fare Share Scheme, mentioned by chief executive Yang Ban Seng at the group's annual general meeting (AGM) with shareholders yesterday, cabbies will be offered lower rental rates for their taxis.

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A version of this article appeared in the print edition of The Straits Times on April 27, 2019, with the headline 'Comfort offers fare-sharing plan with lower rentals'. Print Edition | Subscribe