Article teasers listed below are related to driving and traffic rules in Singapore.
Fortune - 6 years ago
With SoftBank's investment in Uber, the ride hailing app can no longer claim its long-held title of world's most valuable startup. On Friday, SoftBank closed its deal to buy a 15% stake in Uber, valuing the company at $48 billion—or 30% lower than previously. That comes after a year of troubles for Uber, ...
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Uber
SoftBank
The Straits Times - 6 years ago
National University of Singapore transport lecturer Lee Der Horng said the Uber-ComfortDelGro alliance, and the tie-up between Grab and the other taxi firms, had effectively created a duopoly in the point-to-point transportation sector, but felt this could benefit consumers. "Neither will want to give away their market share, ...
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TDVL
Taxi
ComfortDelGro
Uber
Fortune - 6 years ago
A group of investors led by SoftBank Group (sbhgf, +5.79%) closed a deal with Uber Technologies on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber. The deal includes a large purchase of shares from existing ...
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Uber
SoftBank
Singapore Business Review - 6 years ago
Singapore cut the monthly quota for the Certificate of Entitlements (COE) it will issue in February to April 2018 from 8,635 to 8,544, the Land Transport Authority (LTA) announced. According to an announcement, the fall was caused by the 7.3% slip in the quota of small cars category, which went down ...
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COE
The Straits Times - 6 years ago
It has long been illegal for taxi operators to allocate rides through bidding - a covert system where commuters who are willing to pay more get assigned a cab. Yet this ad hoc auction, where some touts would guarantee a cab on a rainy Friday evening for a few dollars more, is what surge pricing really amounts to.
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Taxi
ComfortDelGro
Uber
Channel NewsAsia - 6 years ago
Some in the industry had speculated that Uber would merge with other Southeast Asian players such as Grab, following SoftBank’s investment, but Uber executive Brooks Entwistle says otherwise.
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Grab
Uber
SoftBank
Ola
TODAYonline - 6 years ago
Firing a fresh salvo at their chief rival Grab, Uber and ComfortDelGro on Thursday (Jan 18) announced that their new UberFlash option would offer fares up to 10 per cent cheaper than the regular price on the US ride-hailing company's low-cost private-hire service. The new service, which ...
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Grab
ComfortDelGro
Uber
UberFLASH
Channel NewsAsia - 6 years ago
Uber Singapore on Thursday (Jan 18) officially announced it will be bringing surge pricing to all ComfortDelGro taxis here through a new service called UberFLASH. In a press release, the ride-hailing company said commuters will be able to see UberFLASH trip fares before they request a ...
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Taxi
ComfortDelGro
Uber
UberFLASH
Business Insider - 6 years ago
Ride-hailing firm Grab has acquired Bangalore-based payments startup iKaaz to support its goal of becoming the region’s universal payments platform ...
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Grab
GrabPay
Ride-hailing
The Straits Times - 6 years ago
Two men have now been jailed for assaulting a taxi driver after he objected to one of them kicking his seat. Nicholas Ho Long Wei, 28, then a senior manpower resourcing executive, was drunk when he kept kicking 32-year-old Ong Ti Guan's seat as he sat behind him. He was jailed for seven weeks on ...
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Taxi