Latest Forum Topics /
ComfortDelGro
Last:1.28
-0.01
|
|
|
COMFORT DELGRO - MOVING FORWARD
|
|||||
|
Conman
Elite |
23-May-2021 21:13
|
||||
|
x 0
x 2 Alert Admin |
According to SinMin Daily dated 22 May p.6, taxi drivers' income dropped by 85% in the heighten Ph2 (Heading)
One driver Uncle Zhang said he net earned only $5 on the first day of the heightened Ph2. He has 20 years experience in taxidriving. On orher days, he earns only $30 net after driving for 12 to 4 hours. His income has dropped by 80%. Other drivers said their income has dropped by 70%. |
||||
| Useful To Me Not Useful To Me | |||||
|
Conman
Elite |
23-May-2021 14:50
|
||||
|
x 0
x 2 Alert Admin |
This $10/day till 30 June is like the current $15/day which is for rental rebate. If no more relief is announced, the rental will be restored yo $125/day by 1 July.
I am quite confident that something will be announced otherwise you will see massive keys throwing at Sing Ming. This Heightened Phase2, taxi drivers are going through life even tougher than the 2 months of CB last year because during that time, rental was waived and fuel was cheaper than that of today.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Buradin
Veteran |
23-May-2021 14:42
|
||||
|
x 0
x 0 Alert Admin |
Dont be saddened. I am just intrigued. Its up to you how and where u want to invest your time in. Just make it worthwhile. Enjoy!
|
||||
| Useful To Me Not Useful To Me | |||||
|
Starship
Supreme |
23-May-2021 13:53
|
||||
|
x 0
x 0 Alert Admin |
![]()
|
||||
| Useful To Me Not Useful To Me | |||||
|
Starship
Supreme |
23-May-2021 13:49
|
||||
|
x 0
x 0 Alert Admin |
Additional S$27 million support for taxi, private-hire drivers amid heightened COVID-19 restrictions 21 May 2021 11:52PM SINGAPORE: Taxi and private-hire car drivers whose incomes have  been affected by heightened COVID-19 restrictions will receive an additional S$27 million from the Government through the COVID-19 driver relief fund until the end of June this year.  This is on top of the S$188 million already committed for payments through the fund from January to June this year, the Land Transport Authority (LTA) said on Friday (May 21).  &ldquo In total, drivers will receive S$25 per vehicle per day, up from the existing S$15 per vehicle per day. This works out to be $750 per vehicle per month until the end of June,&rdquo said the LTA, adding it will work with operators to implement the enhanced  COVID-19 driver relief fund by the end of this month.  All taxi and private-hire drivers eligible for the relief fund will receive the top-up through their operators, without the need to make an application.  The move comes after consulting the National Taxi Association and National Private Hire Vehicles Association, as well as taxi and private-hire operators, the LTA said.  &ldquo We recognise that taxi and private-hire car drivers need urgent targeted assistance to tide through this period so that they can continue providing sustainable taxi and private-hire car services for Singapore commuters,&rdquo it added. The LTA noted ridership had &ldquo declined significantly&rdquo Singapore&rsquo s Phase 2 (Heightened Alert) period, with schools shifting to full home-based learning and working from home becoming the default.  Singapore last week announced tighter COVID-19 measures under  Phase 2 (Heightened Alert)  after a spike in COVID-19 community cases. The measures, which came into  effect on May 16 and run  until Jun 13, include reducing the size of group gatherings to two and suspending dining-in at food and beverage outlets. &ldquo We recognise that our drivers need assistance that is targeted on an urgent basis to help them through this challenging period, and this is also to ensure that our drivers can continue to provide essential taxi and  (private-hire car) services for our commuters,&rdquo said Minister for Transport S  Iswaran on Friday.  Speaking to the media via video-conferencing, Mr Iswaran - who assumed the role of Transport Minister on May 15  - said LTA figures showed ridership for taxis and private-hire cars had fallen to about 55 per cent of what it was before COVID-19 struck.  This is down from the 80 per cent of pre-pandemic ridership the two modes were seeing before the current restrictions came into place on Sunday, he said.  He noted some 16,000 cabbies and about 40,000 private-hire drivers stand to benefit from the additional support.  With drivers likely to be taking on more delivery jobs given the current ridership decline, Mr Iswaran said they would also benefit from theextended grace period  at Housing Board and Urban Redevelopment Authority carparks announced on Friday.  Taxi operators have committed about  S$28 million in additional taxi rental discounts, LTA said. It pointed to how ComfortDelgro had earlier announced a 50 per cent rental waiver for its drivers, while other taxi firms have committed to provide additional rental discounts of at least S$5 per day, on top of their current commitment of S$10 per day.  In a statement to the media, Grab said it is providing rebates to eligible drivers and rental waivers for qualifying drivers under GrabRentals, its vehicle rentals arm.  &ldquo Grab is committed to supporting our driver-partners during this challenging period and will be sharing more details on our support programme very soon,&rdquo said a spokesperson for the ride-hailing firm. Gojek will also be helping its drivers through these times.  &ldquo We have adjusted our incentive and benefit schemes to enable our driver-partners to more realistically achieve their targets and continue to access competitive earnings and benefits while driving on our platform,&rdquo said Gojek Singapore general manager Lien Choong Luen.  He added that drivers diagnosed with COVID-19 or issued with a quarantine order would enjoy receive earnings protection insurance coverage of up to S$6,900, and have their vehicle rental waived if they are on the firm&rsquo s vehicle rental programme GoFleet.  &ldquo Taking into account that ridership is likely to take time to recover after the end of Phase 2 (Heightened Alert), the Government is also looking into a further extension to the COVID-19 driver relief fund beyond the current tranche ending in end June 2021,&rdquo said the LTA, adding that more details would be provided at a later date. The LTA noted drivers had also expressed concern about the potential loss of income should they be served a quarantine order after coming into close contact with individuals who tested positive for COVID-19 infection.  &ldquo In this regard, drivers can continue to tap on schemes such as the quarantine order allowance scheme administered by the Ministry of Health and other relief schemes provided by their taxi and private-hire car  operators.  " Drivers who are National Taxi Association and National Private Hire Vehicles Association members can also receive a one-off $200 assistance provided by the associations, if they have been served a quarantine order,&rdquo it said. The National Taxi Association and National Private Hire Vehicles Association said in a statement on Friday that the additional COVID-19 driver relief fund support " is a relief" to drivers. " The past week has been really tough ... With the tightened measures such as no dining out, work-from-home as the default and schools switching to home-based learning, the earnings of our drivers have been affected greatly," it said. It also said that drivers are likely to continue to face challenges with their income stream even after the heightened alert period, as there will be a recovery period before things get better. " As the recovery is expected to be longer than before, we will need to continue working closely together to support our workers, protect their livelihoods and emerge stronger as a community," it said. In a Facebook post, Senior Minister of State for Transport Amy Khor noted more than 80 per cent of taxi and private-hire  drivers had already received their second dose of the COVID-19 vaccine.  Thanking them for helping to make commuting safer, Dr Khor also encouraged other drivers to get vaccinated.  " Let&rsquo s continue to be socially responsible and play our part to help limit the spread of COVID-19," she said.  https://www.channelnewsasia.com/news/singapore/additional-s-27-million-support-for-taxi-private-hire-drivers-14856322 ![]()   |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Conman
Elite |
23-May-2021 13:43
|
||||
|
x 0
x 2 Alert Admin |
Buddy, I was waiting for someone to respond to my post but am saddened that you responded in this way. I only talk facts and I give my truthful opinion, and I welcome buddies to counter me with facts and figures too. But are you or anyone else counter me other then talking cock singing song and calling me kuku in IMH? You are playing in the market and you should know that there are longists as well as shortists and borh play the game to their own interests hence your question on whether zoom bee had stepped on my toe sounded very weired to me.
I have so far talked only about zoom bee' business model but yet on its management. One General likes to call me Green Face but to be very honest with all, I am not related to Grab at all and I dont even have its app in my HP. In fact I dont like Grab but I will buy its shares when it is listed. It will probably make up the main portion of my portfolio by then. Take it easy buddy. If you believe a zoom bee is good, just buy more. I dont advocate people to buy or sell. You make your money, I make mine.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Buradin
Veteran |
23-May-2021 12:18
|
||||
|
x 0
x 0 Alert Admin |
Master conman for u to comment on this forum persistently and repeating the points over and over really make u sound like a broken record. It also makes me wonder of ur motive? If u want to improve engrish can find other forums mah haha...
In any case i think comfortdelgro stepped on ur toes ah? The board of comfortdelgro actually got decent people with good experience. Let them steer comfortdelgro to beyond $2.50.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Conman
Elite |
21-May-2021 06:54
|
||||
|
x 0
x 1 Alert Admin |
Finally, we see 2 reports here which told the truth. The impact of the pandemic on the taxi trade is going to be permanent
because theoretically people only need to leave their home when they have to see a doctor in the post pandemic era. Taxi drivers are self-employed and will throw keys and walk away if they can no longer make a decent living after working 12, 14, 16 hours a day, everyday. There will be less and less taxis on the road until the government starts an employment model through SMRT to make sure that foreign visitors still get their taxis when they come to Singapore. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Entropy72
Master |
20-May-2021 23:04
|
||||
|
x 0
x 0 Alert Admin |
https://www.moneydigest.sg/taxi-and-private-hire-car-drivers-facing-income-drops-are-looking-to-call-it-quits-in-the-new-normal/
Earlier this month, the latest quarterly labour market data revealed that Singapore residents? employment situation is recovering. But according to National Trades Union Congress secretary-general Ng Chee Meng, the general health situation will be a significant factor in determining how the economy will recover from its dip this year. For some taxi and private-hire car drivers facing massive income drops, it might be too long a wait. There is no doubt that Singapore has come a long way in battling the virus. While we?ve made notable progress is the reopening of the economy, many livelihoods are still affected. More than 50 per cent reduction in income ComfortDelGro taxi driver Kirsty Foo Image Credits: todayonline.com Kirsty Foo, a ComfortDelGro taxi driver who relies mainly on street hails and regular customers, is one who?s feeling the pinch. The 60-year-old lady who used to take home about S$3,000 before COVID-19 is only earning about S$1,000 after deducting rent, petrol, and parking charges. Others are turning to alternative platforms to add to their lost income. Gojek driver Mr Soon had to take up delivery work and temporary night shifts at Pizza Hut during the circuit breaker period because his then income could not even cover his vehicle rental. The 50-year-old shared that he was only earning a base rate of S$4 an hour at Pizza Hut. Though Mr Soon?s earnings have improved to S$2,000 now and he has stopped working at Pizza Hut, one-third of his wages come from additional gigs via Lalamove and Gogovan. Both Ms Foo and Mr Soon, including many interviewed drivers, are pondering over calling it quits in this ?new normal?. Considering the long hours, income, and sustainability, it?s not hard to understand why. Bound by existing taxi or car rental contracts bound by contract Image Credits: SBO.sg But it?s not easy for some since they have to keep to existing taxi or car rental contracts. Although Ms Foo has recently taken a course on e-commerce and is keen to have a go at it, her written agreement with ComfortDelGro ends only in September 2021. Similarly for Mr Soon, his one-year contract with a partner of Gojek?s rental initiative GoFleet will only end in 2021. Terminating the contract is out of the question since he will have to forfeit a S$1,500 security deposit. There is also an early termination penalty of up to six months of his rental fees. All in all, he could lose over S$15,000 to void the pact. Phase 3 won?t bring about substantial changes Singapore taxis in queue Image Credits: The Business Times Mr Soon also mentioned that Singapore entering phase 3 will not bring about remarkable improvements to the business. Though he agrees that demand will increase, he adds that as long as all workers continue to work from home and Singapore has no tourists it will never be the same. Another driver, Andy, temporarily left Prime Taxi in May considering the cut in his pay. The 38-year-old who has to support his wife, four children, and in-laws, said it made no economic sense for him to continue. Since 90 per cent of his income comes from airport pick-ups and regular business travellers, the closed borders have greatly affected him. ?If the airport is not open, our slice of the cake is only that big,? Andy commented. Thankfully, Prime Taxi approved the suspension of his five-year contract signed in September 2019 without forfeiting his S$4,000 security deposit. Andy is currently doing deliveries for Lalamove using a rental car which he pays for S$1,400 a month (less than S$50 a day). Extra hours & lesser revenue forcing drivers to job hop taxi drivers in Singapore Image Credits: The Straits Times Peter Quek, a ComfortDelGro taxi driver, estimates that he will have to work an extra 15 to 20 hours a week to match the amount he earned last year. His projection of collecting S$55,300 in fares for 2021 is a 30 per cent reduction from the amount made in 2019. This is even after factoring in the S$9,000 Self-Employed Person Income Relief Scheme (SIRS) paid out this year. The 44-year-old man who had sent out more than 100 job applications this year said, ?That?s why I am desperate to get a new job. I am not looking out for another SIRS. I am looking for something more permanent and long term.? Grab driver William Ong, 48, is also searching for new job opportunities after his monthly income fell from about S$3,500 to S$1,500. He pointed out that there are no surge fares during the usual morning peak hours, but he would still drive a passenger from Serangoon to town in the morning on standard rates. Drastic changes to incentive schemes Grab earnings breakdown Image Credits: Grab But COVID-19 is not entirely at fault. Many private-hire car drivers highlighted the drastic changes to incentive schemes as factors for a reduced income. Grab driver Mr Ong said that such bonuses used to make up 45 per cent of his S$4,000 monthly income but have since become insignificant. Another driver on both the Grab and Gojek platforms, Mr Maverick Tsao, revealed that incentives used to form 25% of his earnings in 2019, but is now barely hitting 10 per cent of it. With all that said, some cabbies are still optimistic about the gradual reopening of the economy. 52-year-old ComfortDelGro taxi driver Frankie Chew remarked, ?Singapore is already opening up and people are coming out. The most difficult challenge (during the circuit breaker period) has already passed, so we will definitely be able to pull through.? |
||||
| Useful To Me Not Useful To Me | |||||
|
Entropy72
Master |
20-May-2021 22:50
|
||||
|
x 0
x 0 Alert Admin |
SINGAPORE ? After Singapore entered Phase Three of reopening its economy following the circuit breaker to curb the spread of Covid-19, private hire driver John Luo would typically find himself with back to back jobs driving passengers to their destinations.
After 12 hours of driving, the 36-year-old Gojek driver would, on average, rake in between S$200 and S$300 sending passengers to their workplaces or to their social engagements. However, the situation was drastically different on Monday (May 17) morning. Despite plying the road for hours, he had completed only four jobs by 2pm. Story Continues Below Advertisement ?The situation is similar to last year, but not as bad,? said Mr Luo, referring to the circuit breaker in April and May last year, when all but essential activities were prohibited. Still, he expressed concern about his drop in earnings, and suspects he will have to drive for up to 16 hours a day to make up for it. 2-passenger limit for taxis, private-hire cars amid tightened Covid-19 restrictions Mr Luo?s plight was shared by other private hire and taxi drivers who told TODAY that they are taking on fewer passengers since Singapore entered Phase 2 (heightened alert) on Sunday. On Friday, the multi-ministry taskforce announced that Singapore would tighten its restrictions on movements and activities from Sunday until June 13 amid a spike in community cases of Covid-19. This round of public health safety measures is not quite as strict as the circuit breaker last year from April 7 to June 1, and allows groups of two outside, for instance, but no dining-in. Working from home should be a default as well. Mr Alan Lim said business for him was ?not so bad? on Sunday, as he had picked up a number of passengers who were out doing grocery shopping, but the 53-year-old Grab driver described Monday as slow. For the first three hours of his shift, he had earned less than S$40. ?It?s quite bad, normally I would clock about S$60 or S$70 in the same amount of time.? Mr Lim said he intends to take up more food delivery jobs with Grab instead, as he noticed that there is still demand for such services. Singapore, Hong Kong defer travel bubble again to 'protect the health of travellers and public' While it is still too early to know how massive an impact the newly imposed restrictions will have on drivers, 39-year-old Grab driver Avery Hoo said he was not optimistic. After all, he said most private hire drivers usually rely on office workers for more than half of their passengers, and with most working from home now, this will be a huge blow. ?I?m very worried...I predict the drop in income will be about 90 per cent,? said Mr Hoo, who has been a private hire driver for two years. However, he said he has learnt his lesson from his experience last year, and has diversified his income sources to include doing ad-hoc deliveries. He does not believe working longer hours during this period will necessarily result in having more customers. Unlike taxi drivers, who can wait at taxi stands, private hire cars cannot, said Mr Hoo. Waiting in a carpark would not be feasible as they would incur parking charges. Tightened Covid-19 safety rules: Hard-hit retailers fear staff layoffs, seek rental relief, govt support As such, they have to constantly be on the move, which is not ideal as they will be burning up petrol even though there is no guarantee they can recoup the costs. Some drivers, like Madam Kirsty Foo, are currently running a deficit. Since the onset of the pandemic, the 62-year-old said that her earnings have not been enough to cover her car?s daily rental of S$120 with ComfortDelGro. As a result, she sometimes finds herself having to fork out between S$20 and S$50 a day from her own savings. Lately, she has managed to bring down the additional cost to between S$5 and S$10 a week after taking on additional jobs ferrying people to the airport. ?It?s very high risk because of Covid-19,? she said. With her contract with ComfortDelGro due to end in September, Mdm Foo said she is weighing out whether it will be worth it renewing with the company. Another driver with ComfortDelGro, Mr Peter Quek, said the latest situation has left him worried and stressed. As a single father to two kids, he estimates that he might earn only about S$2,000 this month. As it is, he has already tightened his belt and ensured that his family can survive on this tight budget, and he hopes that more help can be given. Last December, the Land Transport Authority (LTA) announced the formation of the Covid-19 Driver Relief Fund, which would replace the Special Relief Fund for taxi and private-hire car drivers from January this year. LTA said the Covid-19 Driver Relief Fund would cost S$133 million, in addition to S$55 million already committed to the Special Relief Fund, which will be transferred over from January. Under the new grant, drivers had received S$600 per vehicle every month from January to March this year. This has been reduced to S$450 a month from April to June. On a company level, firms such as ComfortDelGro had offered rental waivers of 15 per cent, while Grab reduced its upfront commission rate by 50 per cent and waived 30 per cent of the rental fee for drivers using GrabRentals for the period of April 6 to May 4 last year. WHAT SUPPORT IS THERE? On Monday, ComfortDelGro told TODAY that it expects taxi demand to ?fall quite significantly during the latest Phase 2 (heightened alert) period?. 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 18 to June 13, up from 15 per cent previously. ?This is on top of the Government's Covid-19 Relief Fund. To assist cabbies further, our call levies will continue to be waived till June 30, 2021," said Ms Tan. SMRT Taxis? general manager Shaun Lee said that aside from existing Government support, the firm has lowered their rentals by S$5 per day since Sunday, and this will be in place until June 30. ?We have been working with our taxi partners on other job opportunities, including delivery services,? said Mr Lee. TransCab general manager Jasmine Tan said the operator will be similarly offering a S$5 reduction in the daily car rental fees for its drivers between May 16 and June 13. Gojek Singapore?s general manager Lien Choong Luen said the company will be offering insurance coverage of up to S$6,900 for drivers who are diagnosed with Covid-19. These drivers will also have their vehicle rental waived if they are on the company?s vehicle rental programme GoFleet, he said. While Grab did not directly respond to TODAY?s questions about the kind of financial support it will be providing to its drivers, a spokesman said it is introducing various schemes to keep its drivers safe. For instance, the spokesman said it will be suspending GrabHitch services during this period, and it will not allow more than two passengers to ride in one vehicle, unless they are members of the same household. This passenger cap is in line with directions from the LTA which were announced on Sunday, and it similarly applies to taxis. ?The health and safety of our partners and users have always been our top priority,? said Grab?s spokesman. ?As the situation remains fluid, we stand ready to adjust our services in response to the current situation.? In response to TODAY?s queries, National Taxi Association and National Private Hire Vehicles Association advisor Yeo Wan Ling said that the National Trade Union Congress (NTUC) is in discussions with the Ministry of Transport, LTA, as well as the taxi and ride-hailing platforms, to discuss how best to support drivers during this period. ?Most importantly, NTUC and our associations have our ears on the ground, by consistently checking in with our drivers to understand the challenges they face,? said the Member of Parliament for the Pasir Ris?Punggol Group Representation Constituency. ?We appreciate the strong support that LTA has provided with the Special Relief Fund and Covid-19 Driver Relief Fund. We will continue to push for the protection and welfare of our drivers, to ensure that they get the necessary support they need.? |
||||
| Useful To Me Not Useful To Me | |||||
|
Conman
Elite |
20-May-2021 16:01
|
||||
|
x 0
x 1 Alert Admin |
Ok lah Buddy. Thanks for the advice. 😡 😡 😡 | ||||
| Useful To Me Not Useful To Me | |||||
|
Buradin
Veteran |
20-May-2021 14:21
|
||||
|
x 0
x 0 Alert Admin |
This thread is treading on thin line. Alot of name callings. Be careful guys, else another precious thread with lots of " wisdom" kenna locked out.   |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Conman
Elite |
20-May-2021 13:43
|
||||
|
x 0
x 1 Alert Admin |
OMG another ignorant General is here. Again, General, all your points are like used toilet papers but they are used and re-used again and again!
Of course zoom bee's taxi is only 11% now because the numbers have dropped from 28,000 to the current 8,000 over the last 20 years and it is still dropping everyday. Will this dropping trend reverse? NO, no way without me. In 5 years, 3,000 uncles will retire and in 8 to 10 years, all will retire Singapore only needs about 1,000 taxis to serve the foreign visitors but by the, they wont be called "taxis" but probably "Singapore Limo" and run by SMRT and driven by employed drivers in sleeveless jackets and ties. Fares will be flat and probably 5 times higher than the present. This zoom bee has 40,000 vehicles worldwide, waiting to be scrapped of course. You tell that to Uber or Grab or Gojek or Didi or Ola or Lyft you will make themlaugh until they drop from their chairs!
|
||||
| Useful To Me Not Useful To Me | |||||
|
Starship
Supreme |
20-May-2021 13:14
|
||||
|
x 0
x 0 Alert Admin |
![]()
|
||||
| Useful To Me Not Useful To Me | |||||
|
Starship
Supreme |
20-May-2021 13:10
|
||||
|
x 0
x 0 Alert Admin |
|
||||
| Useful To Me Not Useful To Me | |||||
|
justicebaogaliao
Veteran |
20-May-2021 13:06
|
||||
|
x 0
x 0 Alert Admin |
As promised, i have used a tiny part of my dividends and sent a pretty nurse to visit kukuman in IMH But too bad she told me you kept mumbling to yourself all day, and she couldnt communicate anymore and left... lmao waste my money
|
||||
| Useful To Me Not Useful To Me | |||||
|
Starship
Supreme |
20-May-2021 13:00
|
||||
|
x 0
x 0 Alert Admin |
![]()
|
||||
| Useful To Me Not Useful To Me | |||||
|
Conman
Elite |
20-May-2021 12:52
|
||||
|
x 0
x 1 Alert Admin |
ConBao, you still licking your wounds? You are a chart expert so you know, zoom bee's right shoulder is getting longer and longer and if you being a fat old man hanging on it for too long, you might just break it and drop into a s h i t hole.
Take care.
|
||||
| Useful To Me Not Useful To Me | |||||
|
eEconomist
Member |
20-May-2021 12:46
|
||||
|
x 0
x 0 Alert Admin |
Conman, back to your same tune again?  Let' s be reminded that Singapapore taxi business is 11% of Comfort' s revenue.  They are very much a global transport (bus in particular) business. Don' t tell me last time again the are taxi company.  Last time, police wear shorts, now they wear long pants. Last time, my grandfather was 20 years old.  Comfort has moved on and diversified into other business and you conman (rightly named), is living in the 80s.  
|
||||
| Useful To Me Not Useful To Me | |||||
|
Conman
Elite |
20-May-2021 12:38
|
||||
|
x 0
x 1 Alert Admin |
General, 20 cents is the safest price to long this zoom bee. If it doesnt go to 20 cents I will just not long. Short is the way for a zoom bee in a slow but painful decline in this technological age. Because of your blind faith to a zoom bee like this, you deserve to lose money.
|
||||
| Useful To Me Not Useful To Me | |||||





