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08-Feb-2020 07:08

Since the Singapore taxi industry was liberalised in 2003, four newcomers have entered the fray to join incumbents Comfor Del Gro (Comfort Taxi and City Cab) and SMRT Corp (SMRT Taxis).

They are Smart Taxis, Trans-Cab, Premier Taxis and Prime Taxis.

These were mitigated by lower vehicle leasing charges, lower repair and maintenance, and the writeback of pension provisions.

Confirming market talk that has been circulating for weeks now, the Land Transport Authority (LTA) told The Straits Times: ‘LTA received an application for the taxi operator’s licence recently, and we are currently evaluating the application.’ The authority would not reveal the identity of the applicant, but The Straits Times understands that the applicant is Tiong Asia Marine, a small company that repairs, paints and cleans boilers for the shipping industry.

Q3’s earnings per share dropped 18.3 per cent to 2.32 cents from 3.04 cents.

The land transport giant reported growth in bus and rail readership, taxi hired-out rates, vehicle inspections and driving school enrolment but the translation effect of the weaker currencies of the UK and Australia weighed down these positive factors.

By Samuel Ee Mon, Nov 17, 2008 The Business Times HIGH energy costs and diesel subsidies to taxi hirers, as well as a weaker British pound, put the brakes on Comforters Corp’s third-quarter net profit, dragging it down 18.1 per cent to .3 million from a year ago.

But revenue for the three months to Sept 30 rose 5.2 per cent to 1.5 million on organic growth in Singapore, China, Australia and Vietnam.

Confirming market talk that has been circulating for weeks now, the Land Transport Authority (LTA) told The Straits Times: ‘LTA received an application for the taxi operator’s licence recently, and we are currently evaluating the application.’ The authority would not reveal the identity of the applicant, but The Straits Times understands that the applicant is Tiong Asia Marine, a small company that repairs, paints and cleans boilers for the shipping industry.Q3’s earnings per share dropped 18.3 per cent to 2.32 cents from 3.04 cents.The land transport giant reported growth in bus and rail readership, taxi hired-out rates, vehicle inspections and driving school enrolment but the translation effect of the weaker currencies of the UK and Australia weighed down these positive factors.By Samuel Ee Mon, Nov 17, 2008 The Business Times HIGH energy costs and diesel subsidies to taxi hirers, as well as a weaker British pound, put the brakes on Comforters Corp’s third-quarter net profit, dragging it down 18.1 per cent to .3 million from a year ago.But revenue for the three months to Sept 30 rose 5.2 per cent to 1.5 million on organic growth in Singapore, China, Australia and Vietnam.But the giveaway comes when he whispers to arriving visitors: “Taxi, taxi?