Time for ComfortDelGro to up its game

[kobayashiGT]

Time for ComfortDelGro to up its game

sources: https://www.straitstimes.com/forum/letters-in-print/time-for-comfortdelgro-to-up-its-game

 

 

When Uber entered the Singapore market in 2013, it changed the face of taxi services.

 

Singaporeans were suddenly able to find rides with an ease previously unheard of.

 

ComfortDelGro, the largest taxi operator here, would have been expected to take serious steps to counter the threat from ride-hailing companies.

 

Instead, six years on, it has allowed its taxi revenues to slide without a solution in sight.

 

Its weak attempt to purchase Uber's private-hire business when it exited South-east Asia last year was usurped by Grab, which has emerged as the main player, with Gojek following closely behind.

 

In South-east Asia, Grab has grand ambitions: to provide safe and convenient ride-hailing services in the region.

 

Today, we read about ComfortDelGro's attempt to invest in transport-linked start-ups (ComfortDelGro investing in transport-linked tech start-ups, June 5). Read here!

 

Instead of transforming its business model with its own ride-hailing app that would link all of its worldwide traditional taxi businesses and, eventually, its bus business, the company has shown a lack of ambition and leadership in the face of disruption.

 

Still massively profitable from its monopoly over the local rail and bus services, this is one local company that has the resources to help take Singapore's internationalisation drive to the next level.

 

But it is perhaps lacking the business motivation, given its privileged position in the local land transport market.

 

- Liu Fook Thim

 

 

 

[Knoobie]

Why your source is to create a new thread one??

[Staff69]

If you ever meet with the middle management,

 

You will know why....

Edited June 11, 2019 by Staff69

[Mockngbrd]

Dinosaur management who think they always know best how to expect any change? Same like SPH.

[Watwheels]

Long time ago they already mentioned that those phv business model cannot sustain on the long run. True enough Uber gone up lorry, now more new players come in. They will chut pattern to compete and make their ride fares look attractive but end of the day if it doesnt make money it will also end up like Uber. It's just a matter of time.

 

Up their game? They have the biggest fleet of taxis. And most of their drivers still stayed with them and didn't jump ship. What do you want them to up? Is Liu Fook Thim a former disgruntled comfort cab driver?

[Staff69]

Long time ago they already mentioned that those phv business model cannot sustain on the long run. True enough Uber gone up lorry, now more new players come in. They will chut pattern to compete and make their ride fares look attractive but end of the day if it doesnt make money it will also end up like Uber. It's just a matter of time.

 

Up their game? They have the biggest fleet of taxis. And most of their drivers still stayed with them and didn't jump ship. What do you want them to up? Is Liu Fook Thim a former disgruntled comfort cab driver?

 bro, uber is still very much in singapore phv business, they just merge with grab and uber owns 27.5% of grab

 

one of the key manager just went back to Australia 

 

 

https://vulcanpost.com/647224/asia-worlds-largest-ride-hailing-market/

 

https://www.channelnewsasia.com/news/business/grab-uber-takeover-operations-winners-losers-10078020

 

https://www.todayonline.com/singapore/uber-committed-asia-pacific-market-launches-new-office-singapore

 

 

 

However, by June 2018, Grab had already established 62% of the ride-hailing market.

This is “a direct result of its aggressive investment and expansion in Indonesia over 2017, which was further helped by its acquisition of Uber’s business in the region in 2018,” he said in a statement

Edited June 11, 2019 by Staff69

[Watwheels]

Whatever lah. Why is it not called Uber then? Where is their ultra low fare now? We all know what it is. Call it merger. Call it up lorry. Call it sold. They are small fishes here compared to Comfort.

 

Ppl from small fish asking the big fish to up their game...what is that called? Or rather what will be left?

Edited June 11, 2019 by Watwheels

[kobayashiGT]

oh. pardon me. my bad. i will edit. haha.

Why your source is to create a new thread one??

 

[Mockngbrd]

Grab will never Uplorry. Temasek $$$. Comfort Delgro also Temasek $$$. Illusion of choice.

 

+ I believe Grab will one day overtake Comfort Delgro if they don't start innovating.

Edited June 11, 2019 by Mockngbrd

[t0y0ta]

Time for ComfortDelGro to up its game

sources: https://www.straitstimes.com/forum/letters-in-print/time-for-comfortdelgro-to-up-its-game

 

 

When Uber entered the Singapore market in 2013, it changed the face of taxi services.

 

Singaporeans were suddenly able to find rides with an ease previously unheard of.

 

ComfortDelGro, the largest taxi operator here, would have been expected to take serious steps to counter the threat from ride-hailing companies.

 

Instead, six years on, it has allowed its taxi revenues to slide without a solution in sight.

 

Its weak attempt to purchase Uber's private-hire business when it exited South-east Asia last year was usurped by Grab, which has emerged as the main player, with Gojek following closely behind.

 

In South-east Asia, Grab has grand ambitions: to provide safe and convenient ride-hailing services in the region.

 

Today, we read about ComfortDelGro's attempt to invest in transport-linked start-ups (ComfortDelGro investing in transport-linked tech start-ups, June 5). Read here!

 

Instead of transforming its business model with its own ride-hailing app that would link all of its worldwide traditional taxi businesses and, eventually, its bus business, the company has shown a lack of ambition and leadership in the face of disruption.

 

Still massively profitable from its monopoly over the local rail and bus services, this is one local company that has the resources to help take Singapore's internationalisation drive to the next level.

 

But it is perhaps lacking the business motivation, given its privileged position in the local land transport market.

 

- Liu Fook Thim

 

Comfort Delgro is a local bully, with its privileged position given on a silver platter.

 

How would it know what is "innovation" and "competition"?

 

Mr Liu must have invested some of his savings inside and now pissed off that it is not a bao-chiak deal, just like the Hyflux investors.

 

Wake up!

[Ixus75]

According to LTA statistics,

There are 66k private hire cars and 20k taxis as of 2018.

Not sure how many actively in used.

[Mockngbrd]

According to LTA statistics,

There are 66k private hire cars and 20k taxis as of 2018.

Not sure how many actively in used.

And those 20k taxis, a number of them prob also in the grab and gojek apps.

[Angcheek]

Time for Comfort to go ..........    

[Angcheek]

According to LTA statistics,

There are 66k private hire cars and 20k taxis as of 2018.

Not sure how many actively in used.

 

 

I wonder how many were in there because of "jobless"  .....    

[Staff69]

I wonder how many were in there because of "jobless" .....

 

[13177]

According to LTA statistics,

There are 66k private hire cars and 20k taxis as of 2018.

Not sure how many actively in used.

PHV so much more than taxis!

[Kb27]

PHV is a boon to riders.

 

Have you never been in a certain place and time, where there's a long queue for taxis and none of them is around ?

 

You just need an app to get a ride within 5 mins.

Still want to wait in that queue ?

[inlinesix]

Time for ComfortDelGro to up its game

sources: https://www.straitstimes.com/forum/letters-in-print/time-for-comfortdelgro-to-up-its-game

 

 

When Uber entered the Singapore market in 2013, it changed the face of taxi services.

 

Singaporeans were suddenly able to find rides with an ease previously unheard of.

 

ComfortDelGro, the largest taxi operator here, would have been expected to take serious steps to counter the threat from ride-hailing companies.

 

Instead, six years on, it has allowed its taxi revenues to slide without a solution in sight.

 

Its weak attempt to purchase Uber's private-hire business when it exited South-east Asia last year was usurped by Grab, which has emerged as the main player, with Gojek following closely behind.

 

In South-east Asia, Grab has grand ambitions: to provide safe and convenient ride-hailing services in the region.

 

Today, we read about ComfortDelGro's attempt to invest in transport-linked start-ups (ComfortDelGro investing in transport-linked tech start-ups, June 5). Read here!

 

Instead of transforming its business model with its own ride-hailing app that would link all of its worldwide traditional taxi businesses and, eventually, its bus business, the company has shown a lack of ambition and leadership in the face of disruption.

 

Still massively profitable from its monopoly over the local rail and bus services, this is one local company that has the resources to help take Singapore's internationalisation drive to the next level.

 

But it is perhaps lacking the business motivation, given its privileged position in the local land transport market.

 

- Liu Fook Thim

 

The biggest rail operator in Singapore is SMRT.

 

Rather than moving towards innovation, ComfortDelGro has been busying expanding overseas, notably China, Australia and UK.