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Starship Supreme	19-Dec-2020 11:13        Starship About Contact  Quote this Post!
x 1   x 0  Alert Admin	TANPK123      ( Date: 18-Dec-2020 22:42) Posted: You so free.... Conman      ( Date: 18-Dec-2020 21:02) Posted: Grab is no longer giving incentives to both riders and drivers. It charges 20% of the fares and 30c platform fee for every booking. It is free to increase fares and platform fees anytime but has promised to hold for 6 months. With this, there is no reason not to make money. If it is not making money, then it has to see where the money has gone to, ie, R&D, marketing, infra, staff, other projects, and see whether these are justifiable and can be adjusted. If revenue from ride hailing and food delivery has to be spent on setting up the digibank, then it will continue to lose for a few more years. Grab will be here and when it is listed, funds will chase and not before long it will be an index stock. Npw it is wprth US15b. When listed, hpw mich will it be worth? If CDG harhbours the same attitude as some of you here and hope Grab will die because it is not making money (so far), and just shake legs and pay-correct every month, I pray for them
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Starship Supreme	19-Dec-2020 11:10        Starship About Contact  Quote this Post!
x 1   x 0  Alert Admin	hokpin      ( Date: 18-Dec-2020 22:56) Posted: Someone is too free everyday! ç??æ?¯â??樱樱ç¾?代å­?â??ï¼?Eng Eng Boh Dai Ji!
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Conman Elite	19-Dec-2020 10:13        Conman About Contact  Quote this Post!
x 0   x 1  Alert Admin	Employment model cannot work unless it is subsidised by the gov. HDT's taxis were tax-exempted (because it was on trial) and yet it failed. The overall costs and Employment Act, ie, 44 hour working week, CPF, welfare & benefits, etc dictated its failure. Entropy72      ( Date: 19-Dec-2020 09:32) Posted: Employment is more attractive for full time drivers. It must also be attractive to the operator to employ the drivers - centralised bookings has made this viable as it can gauge reliably how many drivers are needed to service the bookings demand on steady state. HDT failure stems from higher price point (electric car) and gaps in revenue collection (can be abused). Maybe it is slightly ahead of its time. With electric cars becoming mainstream (no more fuel cars by 2040) and digital payments becoming common for riders (app payments via digital bank), it is a model that CDG should explore. Strategically, Singapore wants less private car ownership and more public transport take up. Ready supply of taxis will help achieve this and more taxi drivers will be needed (until cars are self driving). As number of private vehicles reduce, so shall the number of part time drivers on Grab / Gojek. Conman      ( Date: 19-Dec-2020 07:56) Posted: Employment is not so workable as we have seen in HDT's failure. But eventually it might happen because for Si gapore to function as a tourist and business hub, the gov must ensure that that there are taxis waiting at the airport, CBD and tourist spots. Gov will have to bear the losses of doing such business just like it does for trains and buses. Another way is to use fares and rental mechanism to adjust supply and demand. When fares become as high as that of London or Tokyo, drivers will lose its heartland customers totally and have to look for tourists or visiting executives to earn their living. In all options, 10 years from now, no one will remember the days when taxis rule the streets and CDG was once the 'World's Biggest Taxi Company'
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Conman Elite	19-Dec-2020 09:36        Conman About Contact  Quote this Post!
x 0   x 1  Alert Admin	You will be surprised how many full-time PHV drivers there are and how much more they earn than taxi drivers. The very hardworking ones earn more than $10k a month, which no taxi drivers can smell no matter how hardworkinf thwy are. But whether they are part-timers or full-timers, together they rob taxis' customers away, causing taxis' number to drop from 28,000+ to the current 16,000+. seba240698      ( Date: 19-Dec-2020 09:10) Posted: In fact, driving PHVs is suitable for part-timers who want to cover their cars' running costs. It is never viable for full time drivers, especially when the incentives are going to be removed in 6 months time. If one want to be a full time driver as a career, driving taxi is a better option. justicebaogaliao      ( Date: 19-Dec-2020 08:55) Posted: Obviously u don' t know that Grab PhV drivers is also delivering such things during covid times to help cover their losses. When things return to normal, Grab is still unprofitable Irony is when Grab struggles to become profitable by raising rental fees and reducing rewards to riders, people will just open another App and book their rides 😂
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Entropy72 Master	19-Dec-2020 09:32        Entropy72 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Employment is more attractive for full time drivers. It must also be attractive to the operator to employ the drivers - centralised bookings has made this viable as it can gauge reliably how many drivers are needed to service the bookings demand on steady state. HDT failure stems from higher price point (electric car) and gaps in revenue collection (can be abused). Maybe it is slightly ahead of its time. With electric cars becoming mainstream (no more fuel cars by 2040) and digital payments becoming common for riders (app payments via digital bank), it is a model that CDG should explore. Strategically, Singapore wants less private car ownership and more public transport take up. Ready supply of taxis will help achieve this and more taxi drivers will be needed (until cars are self driving). As number of private vehicles reduce, so shall the number of part time drivers on Grab / Gojek. Conman      ( Date: 19-Dec-2020 07:56) Posted: Employment is not so workable as we have seen in HDT's failure. But eventually it might happen because for Si gapore to function as a tourist and business hub, the gov must ensure that that there are taxis waiting at the airport, CBD and tourist spots. Gov will have to bear the losses of doing such business just like it does for trains and buses. Another way is to use fares and rental mechanism to adjust supply and demand. When fares become as high as that of London or Tokyo, drivers will lose its heartland customers totally and have to look for tourists or visiting executives to earn their living. In all options, 10 years from now, no one will remember the days when taxis rule the streets and CDG was once the 'World's Biggest Taxi Company'. Entropy72      ( Date: 19-Dec-2020 04:21) Posted: In the old pre-GRAB days, taxi business model is based on rental to drivers. Simply, there was no way that CDG could ensure the drivers are productive and hunting customers l on the streets. Hence, rental is the only viable model and it leaves rider revenue risk to its driver-customers. Conman always reminded us on how CDG does not benefit from increased ridership. With rider demand now being significantly (though not totally) centralised at platform (be it Grab, Gojek or CDG), it is possible to have an alternative taxi business model. CDG can "employ" drivers to drive its fleet of taxis. It ensures they are productively deployed by despatching jobs to the drivers. There is a revenue sharing mechanism where these "employed" drivers are incentivised to take up more jobs and pick up street hail riders. Such a business model will attract many full time drivers to operate CDG taxis. Part time drivers can still operate GRAB or Gojek on their personal cars where there is no consistency in vehicle quality and service. GRAB or GOJEK are not interested to run such a model because it is CAPEX heavy. With more supply of taxis, CDG app will get more usage from rider customers.
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seba240698 Senior	19-Dec-2020 09:10        seba240698 About Contact  Quote this Post!
x 0   x 0  Alert Admin	In fact, driving PHVs is suitable for part-timers who want to cover their cars' running costs. It is never viable for full time drivers, especially when the incentives are going to be removed in 6 months time. If one want to be a full time driver as a career, driving taxi is a better option. justicebaogaliao      ( Date: 19-Dec-2020 08:55) Posted: Obviously u don' t know that Grab PhV drivers is also delivering such things during covid times to help cover their losses. When things return to normal, Grab is still unprofitable Irony is when Grab struggles to become profitable by raising rental fees and reducing rewards to riders, people will just open another App and book their rides 😂 Conman      ( Date: 19-Dec-2020 08:17) Posted: Such thing is a no-go anyway. If one has to pay high rental to drive taxi to deliver food or underwear parcels, one might as well go work for McDonald to earn $8 an hour
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seba240698 Senior	19-Dec-2020 09:06        seba240698 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is definetely a piece of good news for both CDGv taxi drivers as well as CDG itself. For the drivers, they no longer need to park their taxis in multi-story carparks, walk long distances and carry hot food and drinks or heavy parcels and risk being summoned by parking wardens, they no longer need to fight for limited parking lots. For CDG, increase number of taxis commuters means more drivers will to come to rent their taxis. justicebaogaliao      ( Date: 19-Dec-2020 07:44) Posted: CDG is rich enough not to do these services anymore, whereas Grab is still trying hard to be profitable  https://www.straitstimes.com/singapore/transport/comfortdelgro-cancels-food-and-medicine-delivery-service
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justicebaogaliao Veteran	19-Dec-2020 08:55        justicebaogaliao About Contact  Quote this Post!
x 0   x 0  Alert Admin	Obviously u don' t know that Grab PhV drivers is also delivering such things during covid times to help cover their losses. When things return to normal, Grab is still unprofitable Irony is when Grab struggles to become profitable by raising rental fees and reducing rewards to riders, people will just open another App and book their rides 😂 Conman      ( Date: 19-Dec-2020 08:17) Posted: Such thing is a no-go anyway. If one has to pay high rental to drive taxi to deliver food or underwear parcels, one might as well go work for McDonald to earn $8 an hour. justicebaogaliao      ( Date: 19-Dec-2020 07:44) Posted: CDG is rich enough not to do these services anymore, whereas Grab is still trying hard to be profitable  https://www.straitstimes.com/singapore/transport/comfortdelgro-cancels-food-and-medicine-delivery-service
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Conman Elite	19-Dec-2020 08:17        Conman About Contact  Quote this Post!
x 0   x 1  Alert Admin	Such thing is a no-go anyway. If one has to pay high rental to drive taxi to deliver food or underwear parcels, one might as well go work for McDonald to earn $8 an hour. justicebaogaliao      ( Date: 19-Dec-2020 07:44) Posted: CDG is rich enough not to do these services anymore, whereas Grab is still trying hard to be profitable  https://www.straitstimes.com/singapore/transport/comfortdelgro-cancels-food-and-medicine-delivery-service
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Conman Elite	19-Dec-2020 07:56        Conman About Contact  Quote this Post!
x 0   x 1  Alert Admin	Employment is not so workable as we have seen in HDT's failure. But eventually it might happen because for Si gapore to function as a tourist and business hub, the gov must ensure that that there are taxis waiting at the airport, CBD and tourist spots. Gov will have to bear the losses of doing such business just like it does for trains and buses. Another way is to use fares and rental mechanism to adjust supply and demand. When fares become as high as that of London or Tokyo, drivers will lose its heartland customers totally and have to look for tourists or visiting executives to earn their living. In all options, 10 years from now, no one will remember the days when taxis rule the streets and CDG was once the 'World's Biggest Taxi Company'. Entropy72      ( Date: 19-Dec-2020 04:21) Posted: In the old pre-GRAB days, taxi business model is based on rental to drivers. Simply, there was no way that CDG could ensure the drivers are productive and hunting customers l on the streets. Hence, rental is the only viable model and it leaves rider revenue risk to its driver-customers. Conman always reminded us on how CDG does not benefit from increased ridership. With rider demand now being significantly (though not totally) centralised at platform (be it Grab, Gojek or CDG), it is possible to have an alternative taxi business model. CDG can "employ" drivers to drive its fleet of taxis. It ensures they are productively deployed by despatching jobs to the drivers. There is a revenue sharing mechanism where these "employed" drivers are incentivised to take up more jobs and pick up street hail riders. Such a business model will attract many full time drivers to operate CDG taxis. Part time drivers can still operate GRAB or Gojek on their personal cars where there is no consistency in vehicle quality and service. GRAB or GOJEK are not interested to run such a model because it is CAPEX heavy. With more supply of taxis, CDG app will get more usage from rider customers.
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justicebaogaliao Veteran	19-Dec-2020 07:44        justicebaogaliao About Contact  Quote this Post!
x 0   x 0  Alert Admin	CDG is rich enough not to do these services anymore, whereas Grab is still trying hard to be profitable  https://www.straitstimes.com/singapore/transport/comfortdelgro-cancels-food-and-medicine-delivery-service
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Conman Elite	19-Dec-2020 05:32        Conman About Contact  Quote this Post!
x 0   x 1  Alert Admin	The $600 and $450 are not new things. They are the $300 paid for the last 9 months but now it is a little bit more. They are meant for EXISTING drivers so it is not meant to attract new guys from joining the line. They are paid to BOTH taxi and PHV drivers. Drivers will not see the money in cash but their rental or commission will be off-setted with the said amount. So compared the the previous $300 which works out to be $10 a day, it is now $20 a day and $15 a day for the next two 3-month blocks. Gov increased the payment because it decided not to continue with the $9000 so-called Self-Employed-Relief-Fund which was seen as unfair and has caused the loss of many votes (permanent loss) from those affected and their families. Entropy72      ( Date: 19-Dec-2020 04:07) Posted: This would hurt per-car revenue for CDG although it would likely attract more drivers to choose taxi over PHV. CDG supports its driver-customers somewhat similar to how employers support its employees. No such treatment from Grab or GoJek - it merely provides a platform and takes revenue from the driver-customers. Starship      ( Date: 18-Dec-2020 22:13) Posted: Cabbies to get extra S$300 a month in pandemic rental relief from operators FRI, DEC 18, 2020 - 9:20 PM [SINGAPORE] Taxi drivers will get at least $300 a month in additional rental relief from cab operators in the first half of next year, as the sector continues to be hit by low demand caused by the pandemic. Including the separate payouts that the government has announced, they will receive a total of almost S$5,000 from January to June, said Senior Minister of State for Transport Amy Khor on Friday (Dec 18). Explaining the continued aid for the sector, Dr Khor said: " Tourism activities remain muted... and many employees are still continuing to work from home. In fact, the commuting pattern has actually changed with shorter trips and therefore lower fares." Dr Khor was speaking after a visit to the ComfortDelGro office in Braddell Road. ComfortDelGro Taxi chief executive Ang Wei Neng noted that while passenger numbers had grown to about 70 per cent of pre-Covid levels, the lower fares meant that drivers were earning less per trip. He said he hoped that the introduction of Covid-19 vaccines, as well as the gradual reopening of the economy and borders, would help to boost the prospects of drivers. Separately, the Land Transport Authority (LTA) this week announced that drivers of private-hire cars and taxis will get S$600 a month from January to March next year, up from the S$300 monthly they were initially set to receive. In addition, the drivers will also get S$450 from April to June. The increased payouts by the Government are meant to help cushion the impact of the Self-Employed Person Income Relief Scheme (Sirs) ending. The scheme had provided self-employed people with three quarterly cash payouts of S$3,000 each. Drivers had been able to use Sirs, as well as the P2P Special Relief Fund, to boost their earnings. Dr Khor said on Friday that the government has disbursed about S$120 million in payouts through the Special Relief Fund to about 40,000 taxi and private-hire car drivers as of the end of November. She assured drivers that all of the government' s assistance will be passed on to them, and that the LTA will conduct checks to ensure that. When asked if private-hire car operators such as Grab and Gojek would be introducing additional rental relief similar to that offered by taxi operators, Dr Khor said: " We continue to work together with the operators to encourage them to continue to support the private-hire car drivers in whatever way they can." Labour MP Yeo Wan Ling, who is also a director at the National Trades Union Congress, said it has been meeting private-hire operators to let them know about the initiatives by taxi operators. She noted that the union has also worked with private-hire platforms on upskilling drivers and equipping them with expertise to make the transition to other industries. Ride-hailing operator Grab said in response to queries that its approach would " continue to evolve with the situation" . It said it had been focusing on maximising earning opportunities for its drivers. The Straits Times understands that ride-hailing firm Gojek has no plans to introduce additional payouts similar to that of taxi operators. But a spokesman said the firm remains committed to helping drivers through various incentive schemes and benefits. https://www.businesstimes.com.sg/transport/cabbies-to-get-extra-s300-a-month-in-pandemic-rental-relief-from-operators
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Entropy72 Master	19-Dec-2020 04:21        Entropy72 About Contact  Quote this Post!
x 0   x 0  Alert Admin	In the old pre-GRAB days, taxi business model is based on rental to drivers. Simply, there was no way that CDG could ensure the drivers are productive and hunting customers l on the streets. Hence, rental is the only viable model and it leaves rider revenue risk to its driver-customers. Conman always reminded us on how CDG does not benefit from increased ridership. With rider demand now being significantly (though not totally) centralised at platform (be it Grab, Gojek or CDG), it is possible to have an alternative taxi business model. CDG can "employ" drivers to drive its fleet of taxis. It ensures they are productively deployed by despatching jobs to the drivers. There is a revenue sharing mechanism where these "employed" drivers are incentivised to take up more jobs and pick up street hail riders. Such a business model will attract many full time drivers to operate CDG taxis. Part time drivers can still operate GRAB or Gojek on their personal cars where there is no consistency in vehicle quality and service. GRAB or GOJEK are not interested to run such a model because it is CAPEX heavy. With more supply of taxis, CDG app will get more usage from rider customers.
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Entropy72 Master	19-Dec-2020 04:07        Entropy72 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This would hurt per-car revenue for CDG although it would likely attract more drivers to choose taxi over PHV. CDG supports its driver-customers somewhat similar to how employers support its employees. No such treatment from Grab or GoJek - it merely provides a platform and takes revenue from the driver-customers. Starship      ( Date: 18-Dec-2020 22:13) Posted: Cabbies to get extra S$300 a month in pandemic rental relief from operators FRI, DEC 18, 2020 - 9:20 PM [SINGAPORE] Taxi drivers will get at least $300 a month in additional rental relief from cab operators in the first half of next year, as the sector continues to be hit by low demand caused by the pandemic. Including the separate payouts that the government has announced, they will receive a total of almost S$5,000 from January to June, said Senior Minister of State for Transport Amy Khor on Friday (Dec 18). Explaining the continued aid for the sector, Dr Khor said: " Tourism activities remain muted... and many employees are still continuing to work from home. In fact, the commuting pattern has actually changed with shorter trips and therefore lower fares." Dr Khor was speaking after a visit to the ComfortDelGro office in Braddell Road. ComfortDelGro Taxi chief executive Ang Wei Neng noted that while passenger numbers had grown to about 70 per cent of pre-Covid levels, the lower fares meant that drivers were earning less per trip. He said he hoped that the introduction of Covid-19 vaccines, as well as the gradual reopening of the economy and borders, would help to boost the prospects of drivers. Separately, the Land Transport Authority (LTA) this week announced that drivers of private-hire cars and taxis will get S$600 a month from January to March next year, up from the S$300 monthly they were initially set to receive. In addition, the drivers will also get S$450 from April to June. The increased payouts by the Government are meant to help cushion the impact of the Self-Employed Person Income Relief Scheme (Sirs) ending. The scheme had provided self-employed people with three quarterly cash payouts of S$3,000 each. Drivers had been able to use Sirs, as well as the P2P Special Relief Fund, to boost their earnings. Dr Khor said on Friday that the government has disbursed about S$120 million in payouts through the Special Relief Fund to about 40,000 taxi and private-hire car drivers as of the end of November. She assured drivers that all of the government' s assistance will be passed on to them, and that the LTA will conduct checks to ensure that. When asked if private-hire car operators such as Grab and Gojek would be introducing additional rental relief similar to that offered by taxi operators, Dr Khor said: " We continue to work together with the operators to encourage them to continue to support the private-hire car drivers in whatever way they can." Labour MP Yeo Wan Ling, who is also a director at the National Trades Union Congress, said it has been meeting private-hire operators to let them know about the initiatives by taxi operators. She noted that the union has also worked with private-hire platforms on upskilling drivers and equipping them with expertise to make the transition to other industries. Ride-hailing operator Grab said in response to queries that its approach would " continue to evolve with the situation" . It said it had been focusing on maximising earning opportunities for its drivers. The Straits Times understands that ride-hailing firm Gojek has no plans to introduce additional payouts similar to that of taxi operators. But a spokesman said the firm remains committed to helping drivers through various incentive schemes and benefits. https://www.businesstimes.com.sg/transport/cabbies-to-get-extra-s300-a-month-in-pandemic-rental-relief-from-operators
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hokpin Supreme	18-Dec-2020 22:56        hokpin About Contact  Quote this Post!
x 0   x 0  Alert Admin	Someone is too free everyday! ç??æ?¯â??樱樱ç¾?代å­?â??ï¼?Eng Eng Boh Dai Ji!
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TANPK123 Elite	18-Dec-2020 22:42        TANPK123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	You so free.... Conman      ( Date: 18-Dec-2020 21:02) Posted: Grab is no longer giving incentives to both riders and drivers. It charges 20% of the fares and 30c platform fee for every booking. It is free to increase fares and platform fees anytime but has promised to hold for 6 months. With this, there is no reason not to make money. If it is not making money, then it has to see where the money has gone to, ie, R&D, marketing, infra, staff, other projects, and see whether these are justifiable and can be adjusted. If revenue from ride hailing and food delivery has to be spent on setting up the digibank, then it will continue to lose for a few more years. Grab will be here and when it is listed, funds will chase and not before long it will be an index stock. Npw it is wprth US15b. When listed, hpw mich will it be worth? If CDG harhbours the same attitude as some of you here and hope Grab will die because it is not making money (so far), and just shake legs and pay-correct every month, I pray for them. seba240698      ( Date: 18-Dec-2020 20:13) Posted: I'm not in particular concerned about life after retirement, I'm referring to the companies, can Uber and Gtab make money or not? I already said so many times, Grab and Uber are serving 2 groups of customers whose interest are in direct conflict. Drivers want high fares but riders want low fares, Grab and Uber subsidises them lor.
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Starship Supreme	18-Dec-2020 22:18        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	justicebaogaliao      ( Date: 18-Dec-2020 22:00) Posted: Conman bro, your posts have become my bedtime stories Why don' t u Grab a beer and sleep peacefully tonight, instead of thinking Grab = King of the Universe
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Starship Supreme	18-Dec-2020 22:13        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Cabbies to get extra S$300 a month in pandemic rental relief from operators FRI, DEC 18, 2020 - 9:20 PM [SINGAPORE] Taxi drivers will get at least $300 a month in additional rental relief from cab operators in the first half of next year, as the sector continues to be hit by low demand caused by the pandemic. Including the separate payouts that the government has announced, they will receive a total of almost S$5,000 from January to June, said Senior Minister of State for Transport Amy Khor on Friday (Dec 18). Explaining the continued aid for the sector, Dr Khor said: " Tourism activities remain muted... and many employees are still continuing to work from home. In fact, the commuting pattern has actually changed with shorter trips and therefore lower fares." Dr Khor was speaking after a visit to the ComfortDelGro office in Braddell Road. ComfortDelGro Taxi chief executive Ang Wei Neng noted that while passenger numbers had grown to about 70 per cent of pre-Covid levels, the lower fares meant that drivers were earning less per trip. He said he hoped that the introduction of Covid-19 vaccines, as well as the gradual reopening of the economy and borders, would help to boost the prospects of drivers. Separately, the Land Transport Authority (LTA) this week announced that drivers of private-hire cars and taxis will get S$600 a month from January to March next year, up from the S$300 monthly they were initially set to receive. In addition, the drivers will also get S$450 from April to June. The increased payouts by the Government are meant to help cushion the impact of the Self-Employed Person Income Relief Scheme (Sirs) ending. The scheme had provided self-employed people with three quarterly cash payouts of S$3,000 each. Drivers had been able to use Sirs, as well as the P2P Special Relief Fund, to boost their earnings. Dr Khor said on Friday that the government has disbursed about S$120 million in payouts through the Special Relief Fund to about 40,000 taxi and private-hire car drivers as of the end of November. She assured drivers that all of the government' s assistance will be passed on to them, and that the LTA will conduct checks to ensure that. When asked if private-hire car operators such as Grab and Gojek would be introducing additional rental relief similar to that offered by taxi operators, Dr Khor said: " We continue to work together with the operators to encourage them to continue to support the private-hire car drivers in whatever way they can." Labour MP Yeo Wan Ling, who is also a director at the National Trades Union Congress, said it has been meeting private-hire operators to let them know about the initiatives by taxi operators. She noted that the union has also worked with private-hire platforms on upskilling drivers and equipping them with expertise to make the transition to other industries. Ride-hailing operator Grab said in response to queries that its approach would " continue to evolve with the situation" . It said it had been focusing on maximising earning opportunities for its drivers. The Straits Times understands that ride-hailing firm Gojek has no plans to introduce additional payouts similar to that of taxi operators. But a spokesman said the firm remains committed to helping drivers through various incentive schemes and benefits. https://www.businesstimes.com.sg/transport/cabbies-to-get-extra-s300-a-month-in-pandemic-rental-relief-from-operators
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justicebaogaliao Veteran	18-Dec-2020 22:00        justicebaogaliao About Contact  Quote this Post!
x 0   x 0  Alert Admin	Conman bro, your posts have become my bedtime stories Why don' t u Grab a beer and sleep peacefully tonight, instead of thinking Grab = King of the Universe
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seba240698 Senior	18-Dec-2020 21:54        seba240698 About Contact  Quote this Post!
x 0   x 0  Alert Admin	And why do you think Grab hold the fares increase and removal of incentives for 6 months? If it is what you say "free to increase", then why wait 6 months? It is very simple. Let's say you go to hawker centre and there are 2 chicken rice stalls side by side, same quality, save portion, both tasty. Which stall would you choose? To me, if everything is the same, I'll look at the price. I'll choose one with a cheaper price. Right now Grab is just slightly, I would say, maybe 5% cheaper than CDG, so when Grab increases the fares, won't the riders go to taxis? Both Grab and CDG apps are very easy to use, very easy to install on mobile phones. I tried before, Grab gives discount sometime, so do CDG, it gives discount once a while. In fact, I think CDG managed to poach a few Marketing Managers from Grab. You see CDG marketing tactics are getting similar and closer to Grab. And the drivers side. If you remove the incentives, driving PHV for Grab becomes rather pointless for the following reasons: 1) slightly lower fares compared to taxis, 2) pay 20% commission to Grab, taxis pays only 50 cents per call and after midnight foc, 3) can't street pick, can't wait, drop or pick up passengers at taxi stands, 4) can't carry children without child seats, 5) cannot cancel calls too many times, 6) pay much higher income tax than taxi drivers. (FYI, taxi drivers are allowed to claim tax reliefs for fuel costs, taxi washing, PHVs can't claim any expenses at all, even petrol cost, they can only claim 40% of income and you know that is peanuts. So meaning what? Taxi drivers who want to switch to PHV would have already done so, and moving forward, when incentives are removed, I foresee more people to drive taxis. However, whether taxis or PHVs, CDG always makes money because it owns BOTH taxis and PHVs. Conman      ( Date: 18-Dec-2020 21:02) Posted: Grab is no longer giving incentives to both riders and drivers. It charges 20% of the fares and 30c platform fee for every booking. It is free to increase fares and platform fees anytime but has promised to hold for 6 months. With this, there is no reason not to make money. If it is not making money, then it has to see where the money has gone to, ie, R&D, marketing, infra, staff, other projects, and see whether these are justifiable and can be adjusted. If revenue from ride hailing and food delivery has to be spent on setting up the digibank, then it will continue to lose for a few more years. Grab will be here and when it is listed, funds will chase and not before long it will be an index stock. Npw it is wprth US15b. When listed, hpw mich will it be worth? If CDG harhbours the same attitude as some of you here and hope Grab will die because it is not making money (so far), and just shake legs and pay-correct every month, I pray for them. seba240698      ( Date: 18-Dec-2020 20:13) Posted: I'm not in particular concerned about life after retirement, I'm referring to the companies, can Uber and Gtab make money or not? I already said so many times, Grab and Uber are serving 2 groups of customers whose interest are in direct conflict. Drivers want high fares but riders want low fares, Grab and Uber subsidises them lor.
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