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";s:4:"text";s:33485:"From: Mr Jackson Chia, CEO, PMG & ComfortDelGro Taxi ComfortDelGro Taxi extends full rental waiver for cabbies till June 1 Wed, Apr 22, 2020 - 8:49 PM Janice Heng janiceh@sph.com.sg @JaniceHengBT COMFORTDELGRO Taxi is extending the full taxi rental waiver for its drivers till June 1, in line with a similar extension of circuit breaker measures, the taxi company announced on Wednesday. Terms and Conditions: Offer is valid from 26 July 2019 till 31 January 2023 for DBS/POSB Mastercard or Visa Cards only. THE BUSINESS TIMES ComfortDelGro - Find ComfortDelGro News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. Moi ish sure Mr. Roosevelt will have done better then give a 3 days rental waiver. ComfortDelGro - Extending Taxi Rental Rebates Till 15 Aug. DBS Research . It was raining cats and dogs on New Year's Day when Cabby Lam stopped to pick up a couple of passengers. Taxi ↓($261.5m) mainly from COVID-19 rental waiver schemes in Singapore and China, including full waivers during lockdown periods Automotive engineering services ↓($83.0m) from a smaller Singapore taxi fleet and lower mileage which resulted in lower maintenance and fuel sales Total Operating costs ↓$400.8m or 11.6% SOME of ComfortDelGro's 10,000-strong fleet of taxis will soon be used as RedMart grocery delivery vehicles. This one-month extension is expected to cost the company an additional S$17 million, bringing the total relief package for ComfortDelGro's cabbies to S . Welcome to the City of Lansing ‌ ‌ ‌ ‌ ‌ ‌ City Services ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ City News & Announcements ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ComfortDelGro waiving 3 days' rental for taxi driver who was allegedly punched by man at Beach Road. Beyond that, ComfortDelGro also committed to at least match the S$10/day Special Relief Fund (SRF) that the government will be extending to drivers till Mar 2021 (previously expiring end-Sep). 2020-07-09 . If taxi takings continue to improve, these waiver can end in 1Q21. We welcome you to join our Offi… See more 38,325 peoplelike this 43,525 people follow this This comes on top of: • The Govt's COVID-19 Relief Fund (CDRF) of $15 per day per taxi • Road Tax Rebate• Performance Incentives • Medisave Contributions • Daily Hybrid Rebate Besides helping to ease the rental load, ComfortDelGro Taxi said that it has also been working with delivery companies and restaurants to provide alternative jobs to hirers. 10% admin fee waiver for Street Hail via ComfortDelGro Taxi Booking App; Promotion period: now to 25/07/2021. ComfortDelGro will also pass on savings from a licence fee waiver and the $2,200 being given by the Government for each unhired taxi to cabbies through a waiver of the call levy till September. . It will be led by taxis. For the taxi business, DBS projected 2021 taxi revenue would rise around 10 percent on-year amid lower rental waivers in the second half, although tapering government relief and a poorer performance in China, where . Users can now book and pay for their ComfortDelGro taxi rides directly . Car Sharing Car Club Users can now book and pay for their ComfortDelGro . The. From 2 June 2020, taxi drivers for Singapore's largest cab operator will pay half the usual rental rates. From 2 June 2020, taxi drivers for Singapore's largest cab operator will pay half the usual rental rates. 2021-06-17 18:56:00 Asset Acquisitions and Disposals. ComfortDelGro Taxi drivers are receiving a total of S$46.50 per taxi per day in rental relief, comprising S$36.50 from the company and S$10 from the Government's Special Relief Fund (SRF). May 19, 2021, 12:04 am SGT SINGAPORE - From Tuesday (May 18) to June 13, ComfortDelGro cabbies will pay half the usual rental rates as Singapore's largest taxi operator looks to cushion the blow of. Alanna Tan ; Follow Eid Mubarak to all our Muslim friends! Offer is valid for DBS/POSB Mastercard or Visa Cards only. ANNOUNCEMENT ON DIVESTMENT OF ASSETS IN LONDON . In March 2021, ComfortDelGro announced that it was committing S$50 million in clean energy technology and research as part of a larger push towards upping its overall sustainability quotient. ComfortDelgro had earlier announced a 50 per cent rental waiver for its drivers and other taxi operators are providing additional rental discounts of at least $5/day above their current commitment of $10/day to their drivers. The difference I suspect is due to the earlier waiver being halved as early as Jun and further reduced to 40% as early as 16 Jul while the analysts' earlier estimates were . Special Relief Fund extension for P2P industry; S$10/day rent waiver for taxis/private hire cars. Not the best situation to be in, no revenue for the 2 months but at least they were aided with the waiver. ComfortDelgro had earlier announced a 50 per cent rental waiver for its drivers and other taxi operators are providing . Singapore's largest taxi operator and Lazada's online grocery arm are joining hands to expand the latter's fleet, in order to meet the surge in orders as more consumers stay home to comply with Singapore's safe-distancing measures during the Covid-19 outbreak. . Jul 20, 2021 Messages 275 Reaction score 103. Whether you are heading out for a muted Hari Raya celebrations or for essentials before the new COVID-19 safety management measures kick in this Sunday, 16 May, travel with peace of mind with ComfortDelGro Taxi. Singapore, 25 Jun 2020 - DBS and ComfortDelGro Taxi today announced that the two parties have entered into a strategic partnership to enhance payment services for their customers in Singapore. 383 Sin Ming Drive Singapore, Singapore 575717 ComfortDelGro Taxi offers taxi services round-the-clock. Rental waivers will range from $45 to $86 depending on the make, model and age of the taxi. The move is expected to cost as much as $80 million and will effectively push the company into the red for the year ending 31 December 2020. May 28, 2020, 12:32 PM SGT SINGAPORE - The full rental waiver for ComfortDelGro cabbies will end next month. 2021-07-08 17:16:00 Employee Stock Option/ Share Scheme. Lower contributions from its Singapore business, and the waiver of taxi rental pulled the Group's 2020 net earnings 76.7% . Singapore Stock Alpha Picks (Dec 2021) - Removing Sea, iFAST & Our Tactical Short On DBS OCBC, Adding Sembcorp Marine, BRC Asia. Outlets who book cabbies for two drop-offs in one booking pay a discounted rate starting at $8.50. In total, taxi operators have pledged around $28 million in additional taxi rental discount. There will be no fee imposed on either the cabbies or the F&B outlets during . :o 2021-12-03 . For street hail, please select "PAY FOR STREET HAIL" on the ComfortDelGro Booking App and pair your ride at the start of your trip to enjoy the 10% admin fee waiver. ComfortDelGro Taxi is the leading taxi operator in Singapore with a fleet of about 10,000 Comfort and CityCab taxis. ComfortDelGro 6882 0882 Express Car 6842 4992 KahShare 6840 6854 Premier 6732 3375 Prime Leasing 6741 2662 Popular 6742 8888 Super One 9766 2745. For FY2019, ComfortDelGro's taxi operating profit shrank to $104.2 million from $129.4 million in 2018. 18 Nov 2021 ; ComfortDelGro wins over S$30M contract to run electric bus shuttle service at NUS from Q3 2022. Plow98 Arch-Supremacy Member. ComfortDelGro's rental waivers will range from $45 to $86 per day from 2 June 2020, depending on the make, model and age of the taxi The total impact from the rental waiver I computed came up to about $70m for its taxi division, while I noticed some analysts have estimated the impact to be above $100m. ComfortDelGro has launched a new lifestyle app called Zig, which it humbly describes as "the newest, freshest, most un-boring way to get around Singapore and discover new experiences." I'm on road till Monday 3am. The goal was to provide a waiver so the drivers do not have to pay rental for its cab. According to a report on TODAY online, ComfortDelGro had increased its daily taxi rental waiver to 50 per cent per taxi from May 18 to June 13, up from 15 per cent previously. The news comes as the company announced a new private mobility group (PMG) as part of its reorganization, bringing together its taxi, private bus, and car rental as well as . Singapore - ComfortDelGro (CDG), one of the leading land transport companies in Singapore, is set to launch a super app, slated for early next year.The all-in-one app is said to combine its taxi and lifestyle services. You are required to sign up by 10 May 2022 and collect the vehicle latest by 13 May 2022. Read more at straitstimes.com. Jul 22, 2021 #67 Broadwalk said: The latest move is expected to push the Company even further into the red. ComfortDelGro raises taxi rental waiver to 50% amid heightened alert… straitstimes.com 1 Like Comment Share ComfortDelGro Taxi 1,240 followers 5mo Enjoy $2+$2 promo codes when you use your. Daily rental rates for the various taxi cabs in Singapore differs from vehicle to vehicle, depending on the model, fuel type and taxi company. Book a taxi via the ComfortDelGro App. :o Please support us. . 24-May-2021 Informative articles concerning East Asia. . The prevailing GST is applicable on the administrative fee. The Covid-19 pandemic and the circuit breaker dealt a further blow to the taxi business in 2020. UOB Kay Hian . UOB Kay Hian . Metered fare booking has a 10% administrative fee. Jun 9, 2021 Last Updated: June 9, 2021 2 For a limited time, earn a 2-4% rebate on Comfort taxi bookings and takeaway orders, courtesy of ZigRewards. ComfortDelGro Taxi, as it's known today, is a leading taxi company in Singapore. In total, taxi operators have pledged around $28 million in additional taxi rental discount. The government will set aside an additional $27 million to provide a further $10 per vehicle per day top-up for taxi and rental car drivers amid a signific (Singapore) . Taxi ↓($261.5m) mainly from COVID-19 rental waiver schemes in Singapore and China, including full waivers during lockdown periods • Automotive engineering services ↓($83.0m) from a smaller Singapore taxi fleet and lower mileage which resulted in lower maintenance and fuel sales • Total Operating costs ↓$400.8m or 11.6% • ComfortDelGro's revenue was down 17.2% to S$3.2 billion, registering a Profit Attributable to Shareholders of S$61.8 million and Earnings before interest, tax, depreciation and amortisation (EBITDA) of S$599.2 million. Besides helping to ease the rental load, ComfortDelGro Taxi said that it has also been working with delivery companies and restaurants to provide alternative jobs to hirers. . A daily rental waiver of 15% will be provided from 1 to 28 Feb 2022. Lower Group's long-term economic growth. contributions from its Singapore business, We are also increasingly integrating and the waiver of taxi rental pulled the Environmental, Social and Governance Group's 2020 net earnings 76.7% lower (ESG) matters in our business decisions, to S$61.8 million. ComfortDelGro's share price seems "unjustifiably low" as earnings are recovering from the Covid pandemic hit, DBS said Monday. The total impact from the rental waiver I computed came up to about $70m for its taxi division, while I noticed some analysts have estimated the impact to be above $100m. Private rental car fleet has shown m-o-m contraction since Feb. ComfortDelGro A taxi driver awaits for passengers. ComfortDelGro's share price reacted negatively after it announced expectations of a 1H20 loss and extended the 50% taxi rental waiver until 15 Jul.Even if there is a more gradual reopening of Singapore's economy, we believe ComfortDelGro (SGX:C52) should report q-o-q profit improvement as we get to the end of 2020, and strong earnings growth in 2021. From June 2, taxi drivers for Singapore's largest cab operator will pay half the usual. Together, the total relief package for ComfortDelGro cabbies is expected to cost up to S$99 million, it said. COMFORTDELGRO Taxi is extending the full taxi rental waiver for its drivers till June 1, in line with a similar extension of circuit breaker measures, the taxi company announced on Wednesday. ComfortDelGro raises taxi rental waiver to 50% amid heightened alert restrictions Taxi and private-hire drivers reported a drop in earnings after the new restrictions kicked in on Sunday. ComfortDelgro had earlier announced a 50 per cent rental waiver for its drivers and other taxi operators are providing additional rental discounts of at least $5/day above their current commitment of $10/day to their drivers. 12 May. The extended rental waiver is expected to cost the Company an additional S$17 million, bringing the total relief package given to ComfortDelGro cabbies to S$116 million. Separately, ComfortDelGro has . "We lower our FY2022-FY2024 EPS forecasts by 3.5%-6.8% on the back of lower taxi rental rate assumptions," he says. Based on the latest available statistics from Land transport Authority (LTA), daily taxi mileage has improved since the Circuit Breaker period. ComfortDelGro promo code: Make a trip to Tanglin Mall to save S$5 OFF instantly. ComfortDelGro is providing a 50 per cent daily rental waiver to cabbies from May 18 till June 13, 2021. With about a 10,000-strong environmentally friendly taxi fleet, we operate point-to-point taxi services 24/7 . This comes after announcements by the government that Singapore would be entering Phase 2. ComfortDelgro extending 25% rental waiver till 31 Oct. ComfortDelGro CEO Ang Wei Neng said that the company's priority in these unprecedented times is their cabbies. This is already underway as CDG recently reported its 1QFY2022 ended March results, which saw PATMI increase by 30.4% y-o-y to $76.7 million, while revenue grew by 3.9% y-o-y to $895.9 million, thanks to higher contribution across most of the group's . Among them is ComfortDelGro taxi driver Kirsty Foo, 60, who is now taking home only about S$1,000 after deducting rent, petrol and parking fees, compared to about S$3,000 during pre-Covid days. With more room to move, the reopening is expected to drive sequential growth for CDG. This is up more than 3.8x from Jan 2015, when the total private rental car fleet in Singapore was 19,000 cars. All taxi and PHC drivers who are eligible for the CDRF will automatically receive the top-up through their operators. Generally, you need to make estimated tax payments for 2021 if you expect withholding to be less than the smaller of 90% of your tax for 2021 or 100% of your 2020 tax. :o Please support Taxi drivers community. ComfortDelgro had earlier announced a 50 per cent rental waiver for its drivers and other taxi operators are providing additional rental discounts of at least $5/day above their current commitment of $10/day to their drivers. All call levies will also continue to be waived till 28 Feb 2021. Special Relief for unhired taxis, amounting to S$2,200 per unhired taxi over a 6- month period till March 2021 (estimated cost of S$4.6m); Licence fee waiver extension for a further three months (previously-announced 9-month period waiver) at a cost of 1.2m. Brand New Cars - Sienta Hybrid 2022 (Pre-booking) ComfortDelGro Taxi ("CDG Taxi") reduced its fleet, it retained a market share of approximately 60%. Deliveries will be charged a distance-based rate starting at $6.50. Introducing Cabby Lam Tze Yuen, our second National Kindness Award-T. ransport Gold's Outstanding Awardee. It was formed on 29 March 2003 through a merger of Singaporean land transport companies Comfort Group and DelGro Corporation. . ComfortDelGro's rental waivers will range from $45 to $86 per day from 2 June 2020, depending on the make, model and age of the taxi •All government reliefs have ceased -social insurance waiver and VAT rebates •Group's taxi fleet hire-out rate at > 90%, no further rental discounts given . DBS and ComfortDelGro Taxi on 25 June announced that the two parties have entered into a strategic partnership to enhance payment services for their customers in Singapore. The difference I suspect is due to the earlier waiver being halved as early as Jun and further reduced to 40% as early as 16 Jul while the analysts' earlier estimates were . . ComfortDelGro said yesterday its cabbies will now receive up to $46.50 per taxi per day in rental relief - comprising $36.50 from the company and $10 from the Government's Special Relief Fund. ComfortDelGro Taxi CEO Ang Wei Neng said: "Although the circuit breaker will end on 1 June, safe management restrictions are still in place in the first phase of reopening. In a media release on Wednesday (22 April), the Singapore transport company said that the additional month of full rental waiver is . It was formed on 29 March 2003 through a merger of Singaporean land transport companies Comfort Group and DelGro Corporation. Given the recent development to the COVID-19 pandemic situation, we are giving all our taxis a 50% daily rental waiver from now till 13 June 2021. (The applicable amount is 110% of your 2020 tax if your 2020 adjusted gross income was more than $150,000, or $75,000 if married filing separately.) Waivers planned in 1Q21 could amount to around S$13mn. FROM Apr 4, ComfortDelGro will be temporarily increasing distance fares on all its taxis due . In total, taxi operators have pledged . To help cushion the impact, Ms Tammy Tan, the company's group chief branding and communications officer, said it will be increasing its daily taxi rental waiver to 50 per cent per taxi from May . For the four-week period, the full rental waiver supersedes the earlier announced extension of daily rental relief. Alanna Tan ; 31 Oct 2019 ; ComfortDelGro Partners NETS So You Can Now Pay For Rides In-App With Your Bank Card. Zafirah Salim ; . COVID-19: ComfortDelGro Extends Full Taxi Rental Waiver Until 1 June. As of June, we note that average daily mileage for 2-shift taxis stood at 153km, which is about 40% below the average of 250km mileage/ day prior . 2021 Messages 1,175 Reaction score 719. ComfortDelGro Corporation Limited, commonly known as ComfortDelGro, is a Singaporean multinational land transport conglomerate listed on the Singapore Exchange that operates more than 41,600 vehicles across seven countries. The extended rental waiver is expected to cost the Company an additional S$17 million, bringing the total relief package given to ComfortDelGro cabbies to S$116 million. . Beyond that, ComfortDelGro also committed to at least match the S$10/day Special Relief Fund (SRF) that the government will be extending to drivers till Mar 2021 (previously expiring end-Sep). This reflects continued moderation in taxi rental rebates — ComfortDelGro . Taxi mileage recovering = reducing taxi rental rebates. The delivery charges will fully go to the cabbies and ComfortDelGro will not be pocketing any money. He could have easily stayed in his taxi so as to avoid getting drenched but Cabby Lam got out of his taxi to open the door for the passengers. It will be the first time that Singapore's largest taxi operator will post a full-year loss. In its latest financial report published last month . 2020-04-04 11:22:50 General Announcement. ComfortDelGro recently announced that it will be providing a 25% rental waiver for all taxi drivers from 16 Sep to 31 Oct. 12 May. For street hail, please select "PAY FOR STREET HAIL" via the ComfortDelGro Taxi App and follow the on-screen instructions to pair your ride before the trip ends. To save the livelihoods of the cabbies, CDG Taxi provided a full waiver of taxi rentals during the circuit breaker. The longer-term challenge for its taxi business is a continuous decline in its fleet size. :o We need your support. •Special Relief Fund for Taxi/PHV similarly extended to March 2021 •Monitoring and adjusting taxi rebates accordingly to ensure a reasonable level of monthly takings for taxi . Code. In a Memorandum of Understanding with the National University of Singapore (NUS), part of the investment would go towards the CDG-NUS Smart & 2019-2021 Cars except Seltos and Prius Plus 2020 Hybrid. ComfortDelGro Corporation Limited, commonly known as ComfortDelGro, is a Singaporean multinational land transport conglomerate listed on the Singapore Exchange that operates more than 41,600 vehicles across seven countries. 11 minutes ago #45 xeonboy said: . Take a trip this week to Great World Mall and enjoy S$5 OFF your rides [ComfortDelGro coupon code] Code. ComfortDelGro promo code: Snatch another 10% OFF on Cat & The Fiddle selection of whole cakes. COMFORTDELGRO TAXI EXTENDS FULL RENTAL WAIVER FOR FOUR WEEKS STARTING 7 APRIL . The full rental waiver for ComfortDelGro cabbies will end next month. Wishing all a Happy Lunar New Year! ComfortDelGro's entrance into the lifestyle app scene comes as the company saw a decline in revenue due to the COVID-19 pandemic last year. CDG Taxi was the first taxi The full rental waiver for ComfortDelGro cabbies will end next month. During the year, full-year revenue for ComfortDelGro's taxi business dropped by 39.3 per cent to S$403.2 million due mainly to rental waiver schemes to help drivers in Singapore and China weather . 12 May. That relief package, which will run till September, will kick back in after May 5. For street hail, please select "PAY FOR STREET HAIL" on the ComfortDelGro Booking App and pair your ride at the start of your trip to enjoy the 10% admin fee waiver. SINGAPORE — ComfortDelGro Taxi will be extending the full taxi rental waiver for its cabbies by another month, following the extension of the circuit breaker period to curb the spread of COVID-19 to 1 June. 2-min read. Joined Sep 22, 2017 Messages 15,607 Reaction score . The partnership will also provide commuters with more ways to access and pay for their taxi bookings. Rental waivers Comfort dished out in 2020 amounted to S$116mn, according to our estimate. ComfortDelGro temporarily increasing taxi fares on spike in fuel prices SUBSCRIBERS. ComfortDelGro recently announced that it will be providing a 25% rental waiver for all taxi drivers from 16 Sep to 31 Oct. You will receive 30 days free rental (rebate), $550 in completion bonus into your Grab Driver Cash Balance and $1,000 fuel vouchers will be issued. Code. The partnership will also provide commuters with more ways to access and pay for their taxi bookings. ComfortDelgro had earlier announced a 50% rental waiver for its drivers and other taxi operators have also committed to provide additional rental discounts of at least $5/day above their current commitment of $10/day to their . . Singapore Research - Singapore Stock Alpha Picks - Sticking To Our Guns. ComfortDelGro (SGX:C52) to extend 25% rental waiver for its taxi hirers, stepped down from 30% earlier. New Private Hire Drivers need to be Singapore citizens above 30 years of age, with one year minimum driving experience. Overall, while the analyst believes ComfortDelGro could see tough comps on a y-o-y basis for its 1QFY2022 earnings, he expects 34% EPS growth in FY2022 from ridership recovery in the coming quarters. The full rental waiver could not for obvious reasons last on perpetual needs so the company took measures to cut the waiver by half when the economy . 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