Latest news for ComfortDelGro Corp (OTC:CDGLY) Stock

COMFORTDELGRO CORPOR

ComfortDelGro Corp Ltd is a passenger transportation company. The company organizes itself into seven segments; Public transport services offer the provision of bus and rail services to commuters traveling on public transport systems; Taxi/PHV provides renting out taxis, operating taxi bureau services, platform services, renting and leasing of cars, and others; Other private transport includes coach rental services and provision of non-emergency transport services to patients; Inspection and testing services offers motor vehicle inspection services and provision of non-vehicle testing, inspection, and consultancy services; and Other segments includes operating driving schools, ancillary advertisement income, electric vehicle charging infrastructure and insurance broking.

Equities

Government

News

Penny Stocks

Regulations

Markets

Media

CDGLY

GRAB

Singapore could subject ride-hailing companies like Grab Holdings Ltd (NASDAQ: GRAB) to new rules after it hinted at a crackdown on the regulations and structure governing the 

Singapore To Review Ride-Hailing Regulations, Grab And GoTo On The Radar

COMFORTDELGRO UNSP/ADR by Comfortdelgro Corp., Ltd.

ComfortDelGro Corp Ltd

ComfortDelGro Corp

Singapore could subject ride-hailing companies like&nbsp;Grab Holdings Ltd&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>) to new rules after it hinted at a crackdown on the regulations and structure governing the&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/07/33135264/whats-going-on-with-gig-companies-uber-dash-thursday" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">fast-growing industry</a>.

The Land Transport Authority looks to revise the framework for the taxi and ride-hailing industries, focusing on the availability of supply, resilience, and the inclusivity of services while overseeing the adoption of clean-energy&nbsp;<a class="editor-rtfLink" href="https://www.lta.gov.sg/content/ltagov/en/newsroom/2023/9/news-releases/review_of_point-to-point_industry_structure.html" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">vehicles</a>.

Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/08/34026203/GRAB-Swift-Path-to-Profitability-and-Market-Consolidation" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">GRAB&#39;s Swift Path to Profitability and Market Consolidation - Impressed Analysts Raise Price Target By 50%</a>

The local agency said that the number of daily rides in Singapore increased to 613,000 in July 2023 from 517,000 in November 2020. Authorities plan to complete their review by the end of 2024&#39;s second quarter.

Grab and GoTo, which both went public in recent years, are struggling to break even as intense competition across Asia weighs on their prices, Bloomberg&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2023-09-14/grab-goto-may-face-new-rules-as-singapore-reviews-ride-industry?srnd=technology-vp&amp;sref=TBDibEcD" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">reports</a>. The companies also face challenges of offering more benefits for riders and other employees as governments worldwide strive for fair treatment of gig economy workers.

Also this year, New York City&#39;s Department of Consumer and Worker Protection drafted a new law that sets minimum wages for food-delivery workers. The city had also capped the commissions the food-delivery apps could charge restaurants in 2021.

Price Action:&nbsp;GRAB shares traded higher by 1.84% at $3.60 premarket on the last check Thursday.

Photo Via Company

Comments

ComfortDelGro Corp

News

Latest news for ComfortDelGro Corp (OTC:CDGLY) Stock

Thursday, September 14, 2023

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga