SINGAPORE (April 27): The future of taxis is an important issue for public transport operator ComfortDelGro.
While weaker numbers in the taxi segment have been a drag on the group’s financial performance and shares over the past year, Yang Ban Seng, the group’s managing director and CEO, is taking steps to tackle the ride-hailing threat by embracing technology and expanding into new market segments.
As Yang sees it, the taxi and private-hire industries are likely to keep evolving with technology... (Click here to read the full story)