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(22-04-2017, 10:21 PM)opmi Wrote: iron rice bowl already...why work so hard....sell all the tough business...collect 5% margin every year from rail...

Agreed. I was asking around when I was taking Grab / Uber / Taxi.

Taxi - No clients except for peak hours (Cab drivers complain massively about no business, on a couple of accounts I asked the how much it has affected them. They mentioned 20-30%, one even mentioned specifically from 4k a month down to 2-3k.)

Grab/Uber - Massive competitions between both companies for clients. Both sides drivers mentioned that the number of promotions has decreased. 

Uber - Offered $250 one time bonus for first passenger to if driver shifts from Grab to Uber. Current promotion seems to be a bonus when you hit 40 rides within a certain period of time. Not exactly sure but a full time Uber driver claims that its around a $350 per week. 
View this blog for other details:

Grab - Offers a bonus of $1,000 when you complete 10 trips within first week of driving Grab. Current promotion is a at least $25 per hour rate (i.e if you get less than $25 of fees, Grab will top up to $25.
View the full details here:

When you compare the prices a consumer takes Uber/Grab vs Taxi, its a cost savings of around 20% during non-peak. Might be slightly more expensive during peak for Uber/Grab but at least you can get them while taxis are all virtually booked or they practice the wait for a booking call method which increases the base cost of the taxi fare during the peak period.


My point is that with such crazy promotions for Uber/Grab plus lower prices make it so competitive for an over-saturated market of taxis. With investors willing to throw so much money into Uber/Grab to allow them to subsidize consumers and drivers how can the taxi companies compete? There are at least 7 standard taxi companies (not counting limo as per this website:

I think its the right decision for SMRT to throw in the towel.
On the topic of Private Hire services, perhaps Grab & Uber
understand the Singaporean's desire for having a car at their
disposal, and skills future is no guarantee of a job either.

Grab & Uber may lose money now, its last man standing that counts?
Take his 15-member senior management team for example.

Among the 14 members of Kuek’s SMRT senior management team, a majority of them (10 out of 14) joined SMRT after he became the CEO.

How much time does SMRT CEO Desmond Kuek need to change the company’s culture?
You can find more of my postings in
Current and former SMRT Trains employees face cheating charges amounting to almost $10 million

“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
That's a lot of money. What's the penalty if they're found guilty?
SMRT says its rail reliability improved in 2017. Yup. Really. Here’s how they got to that conclusion.
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