ComfortDelGro to slash taxi rental in return for 15% of cabbies' fare takings

In its Fare Share Scheme, mentioned by chief executive Yang Ban Seng at the group's annual general meeting with shareholders on April 26, cabbies will be offered lower rental rates for their taxis.
In its Fare Share Scheme, mentioned by chief executive Yang Ban Seng at the group's annual general meeting with shareholders on April 26, cabbies will be offered lower rental rates for their taxis.PHOTO: ST FILE

SINGAPORE - In another move to stave off rising competition, transport giant ComfortDelGro Corp 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 with shareholders on Friday (April 26), cabbies will be offered lower rental rates for their taxis.

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