Latest news with #CDG
Malay Mail
17-07-2025
- Business
- Malay Mail
Singapore's ComfortDelGro to introduce cancellation and waiting fees of at least S$3 from September
SINGAPORE, July 17 — Customers of Singapore's largest taxi operator, ComfortDelGro (CDG), will soon face new cancellation and waiting charges, as the company rolls out a phased fee policy aimed at encouraging more responsible ride bookings. From September 1, cancellation fees of at least S$3 (RM10) will kick in, while waiting fees will be implemented from October 15, Channel News Asia reported. The company described the current period as a 'waiver period' to help riders get familiar with the upcoming changes, adjust their habits and provide feedback. 'Cancellation and waiting fees help compensate drivers fairly for their time and effort,' CDG said. 'This policy also encourages more responsible booking and cancellation habits, improving the overall experience for everyone on the platform and aligning us with prevailing industry practices.' According to CDG's website, riders may cancel up to four rides per month without charge if the driver has not yet arrived at the pickup point. Once that limit is exceeded, a S$4 cancellation fee will apply. If the driver has already arrived, a flat S$4 fee will be charged for any cancellation — regardless of the monthly quota. Riders who do not show up at the pickup point within five minutes after the taxi arrives will incur a S$5 no-show fee. As for the new waiting time charges, the first four minutes are free. After that, a fee of S$3 will be added for every five-minute block, capped at S$9. Only one type of fee — cancellation, no-show, or waiting — will apply for a single booking, depending on whether the ride is completed. Waiting fees apply only if the trip goes ahead, while cancellation or no-show fees apply only if the ride is not taken. For customers paying via cashless methods, fees will be deducted automatically. Those paying by cash will see the fee added to their next fare. Waiting charges will appear at the end of the completed ride. CDG clarified that drivers can only cancel a ride and trigger a cancellation fee if GPS data confirms they were at the pickup location and had waited for more than five minutes. Situations such as the customer exceeding luggage capacity for the chosen vehicle may also lead to a fee. Customers who believe they were charged incorrectly can contact the operator's hotline at 6552 4525 or send a message via the CDG Zig app. As reported by Channel News Asia, ride-hailing platforms like Grab and Gojek already implement similar charges. Grab, for instance, gives a three-minute grace period before imposing a S$4 cancellation fee, and charges S$3 for every five-minute block of waiting time beyond that. Gojek provides a four-minute cancellation grace period, with a similar S$4 fee for late cancellations. Waiting time fees begin at S$3 and can rise to S$9, mirroring CDG's new model.
CNA
16-07-2025
- Business
- CNA
ComfortDelGro to charge new taxi cancellation and waiting fees of at least S$3
SINGAPORE: Customers of Singapore's largest taxi operator ComfortDelGro (CDG) will soon face cancellation and waiting fees of at least S$3 (US$2.33). The new cancellation and waiting fee policy will be rolled out on Jul 31, but there will be a "waiver period", said CDG. The cancellation fee will be implemented from Sep 1 and the waiting fee from Oct 15. According to ComfortDelGro's website, a customer can cancel up to four rides per month if their driver has not arrived at the pickup point. A S$4 fee applies if they have used up this monthly quota. If the taxi has arrived at the pickup point, the customer will have to pay a S$4 fee if they cancel. This is regardless of their monthly quota. If a customer has not shown up at a pickup point for over five minutes after their taxi arrives, they will be subject to a S$5 no-show fee. ComfortDelGro's new waiting fee policy states that customers will not be charged for the first four minutes of waiting. After that time limit, S$3 will be added to their fare for every additional five minutes of waiting, up to a maximum of S$9. Customers using cashless payment methods will have their cancellation fees automatically deducted. For those using cash, the cancellation fee will be added to their next ride's fare. Waiting fees are automatically added to fares at the end of the trip.
Yahoo
14-07-2025
- Business
- Yahoo
The S$5 Billion Opportunity: 5 Singapore Stocks Tipped for Growth
Last year, the Monetary Authority of Singapore (MAS) established an equity market review committee (EMRC) to look at ways to strengthen Singapore's stock market. As part of a raft of new initiatives aimed at increasing interest from both retail and institutional investors, MAS has agreed to a S$5 billion programme. Singapore's central bank will partner with selected fund managers to invest in local stocks. We shortlisted five interesting candidates that we believe will benefit from this pool of money as these stocks look set to report healthy growth. ComfortDelGro Corporation, or CDG, is a transport operator offering a comprehensive suite of transport solutions. The group's network spans public transport modes such as buses and rail, along with point-to-point transport such as taxis and private hire cars. CDG pulled off a commendable performance for 2024 with revenue rising 15.4% year on year to S$4.48 billion. Operating profit improved by almost 19% year on year to S$322.9 million while net profit increased by 16.6% year on year to S$210.5 million. The better performance was attributed to the acquisitions made last year which also helped to increase overseas revenue contribution to near half of the group's total. CDG paid out a total dividend of S$0.0777 for 2024, a 16.7% year-on-year increase compared to the S$0.0666 paid a year earlier. The land transport giant pulled off an admirable performance for its first quarter of 2025 (1Q 2025) business update. Revenue continued its climb, rising 16.4% year on year to S$1.17 billion. Operating profit surged 45.5% year on year to S$81.5 million while net profit climbed 19% year on year to S$48.3 million. iFAST Corporation is a financial technology company operating a platform for the buying and selling of unit trusts, bonds, and equities. The group reported a stellar set of earnings for 1Q 2025 with net revenue rising 16.5% year on year to S$67.7 million. Operating leveraged helped iFAST to increase its operating and net profit by 29% and 31.2% year on year, respectively, to S$23.8 million and S$19 million. Healthy net inflows of S$938 million helped to push iFAST's assets under administration (AUA) up 22% year on year to a record S$25.68 billion as of 31 March 2025. With this strong performance, the group upped its 1Q 2025 interim dividend from S$0.013 to S$0.016. iFAST's digital bank, iFAST Global Bank, also posted a second consecutive quarter of profitability at S$1 million. Management expects to achieve healthy growth for its various business segments for 2025. Hong Leong Asia, or HLA, is a conglomerate with assets in property investments and development, hotel ownership, financial services, and industrial enterprises. For 2024, revenue rose 4.1% year on year to S$4.2 billion. Net profit climbed 35.3% year on year to S$87.8 million. The group doubled its 2024 dividend from S$0.02 to S$0.04. Its powertrain solutions division sold 12,100 units in 2024, up 50% year on year. The division also launched 50 fuel cell powered bus, and Phase II of MTU Yuchai Power JV has started to produce Series 4000 engines to cater to growing demand for data centre and semiconductor pre-fabrication plants. For the building materials division, HLA is investing in larger capacity mixers to improve productivity. Parkway Life REIT, or PLife REIT, is a healthcare REIT with a portfolio of 75 properties located in Singapore, Japan, France, and Malaysia. The portfolio had an asset size of around S$2.46 billion as of 31 March 2025. The healthcare REIT boasts a solid track record of increasing core distribution per unit (DPU) since its IPO in 2007. 1Q 2025 saw a continuation of this trend with gross revenue rising 7.3% year on year to S$39 million and net property income increasing by 7.5% year on year to S$36.8 million. The REIT's DPU inched up 1.3% year on year to S$0.0384. Last October, Plife REIT conducted an acquisition of 11 nursing homes in France to establish its third growth market. These nursing homes, along with select acquisitions of nursing homes in Japan, should help the REIT to continue its track record of rising DPU. Meanwhile, the REIT's Singapore hospitals should see a 24.4% year-on-year increase in rental income next year in line with the new master lease agreement signed in August 2022. SIA Engineering, or SIAEC, provides maintenance, repair and overhaul (MRO) services for airlines. The group also provides base and line maintenance services along with fleet management services. SIAEC posted healthy growth in its top and bottom lines for its fiscal 2025 (FY2025) ending 31 March 2025. Revenue climbed 13.8% year on year to S$1.25 billion while operating stood at S$14.6 million. SIAEC saw higher share of profits from associates and joint ventures, leading its net profit to grow by nearly 44% year on year to S$139.6 million. The group declared a final dividend of S$0.07 for FY2025. Coupled with the interim dividend of S$0.02, the total dividend for FY2025 came up to S$0.09, one cent more than the prior fiscal year. SIAEC recently signed a S$1.3 billion service agreements with Singapore Airlines (SGX: C6L) and Scoot. The group's growth strategy involves expanding its geographical presence while growing capacity and its MRO capabilities for new-generation aircraft. Explore Singapore's top 'evergreen' stocks with our FREE report. It spotlights 7 Singapore blue-chip stocks with solid dividends and growth potential. Click here to download it now to create a flow of dividend income, regardless of market conditions. Follow us on Facebook, Instagram and Telegram for the latest investing news and analyses! Disclosure: Royston Yang owns shares of iFAST Corporation Ltd. The post The S$5 Billion Opportunity: 5 Singapore Stocks Tipped for Growth appeared first on The Smart Investor. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-07-2025
- Business
- Yahoo
If You Bought 1,000 ComfortDelGro Shares at IPO, Here's What They're Worth Now
ComfortDelGro Corporation (SGX: C52), or CDG, has a long and interesting history. The land transport giant was formed back in 2003 with the merger of Comfort and DelGro by way of a scheme of arrangement. This scheme was approved by the High Court of Singapore on 21 March 2003, and shares of CDG were listed on 31 March of the same year. Assuming you had bought 1,000 shares of CDG on the first trading day of the newly-merged company, here's what you will end up with. A 1,000-share investment in CDG back then would have cost around S$790 (excluding brokerage fees) as shares of the group closed at S$0.79 on the day of listing. Fast forward 22 years, and shares of CDG closed at S$1.43 on 2 July 2025, meaning your shares will be worth S$1,430. The land transport giant provided a lacklustre compound annual growth rate (CAGR) of just 2.7% over this period, barely enough to beat inflation. But hold on – we will be remiss if we do not include all the dividends you would have received over the years. From 2003 to 2024, CDG paid out a total dividend of S$1.6753 per share, so your 1,000 shares would have given you S$1,675.30 of dividends. If you add this to the value of your shares, it will come up to S$3,105.30, giving you a decent total return CAGR of 6.4%. The surprise here is that capital gains would have netted you just S$640 (i.e. S$1,430 minus S$790), but your total dividends will be 2.5 times this capital gain. This simple exercise shows the power of dividends in boosting your total return. But you may be wondering – what's next for CDG? Can it continue to deliver healthy capital gains and increasing dividends? CDG reported improving financials for 2024 as the effects of COVID-19 slowly wear off. Revenue rose 15.4% year on year to S$4.5 billion while net profit increased by 16.6% year on year to S$210.5 million. When compared with 2003's results, revenue increased by 142.5% from S$1.8 billion, but net profit increased by a lower 57.2% from S$133.9 million. This smaller increase in net profit could be the reason for the share price underperformance over these years. When the annual return is computed, this works out to a 21-year CAGR of 4.3% for CDG's revenue from 2003 to 2024, while net profit improved by just a 2.2% CAGR. There is a silver lining, though. For its first quarter of 2025 (1Q 2025) business update, CDG saw revenue rise 16.4% year on year to S$1.17 billion, arising from contributions from recent acquisitions of A2B and Addison Lee. Net profit climbed 19% year on year to S$48.3 million. CDG is relying on more acquisitive growth in recent years to power its top and bottom lines. The group announced the acquisition of the Addison Lee group in October last year, adding a premium private hire, courier, and black taxi provider in London. Back in December 2023, CDG purchased A2B, a leading Australian transportation provider with more than 8,00 vehicles in its network. And in February 2024, CDG acquired CMAC Group, a UK ground transportation management specialist, for around S$135.4 million. Not forgetting its home market of Singapore, CDG also topped up another 10% stake in Ming Chuan Transportation in March 2023, making it a wholly-owned subsidiary. Ming Chuan is one of the largest wheelchair transport service providers in Singapore. It's clear from these recent acquisitions that CDG is broadening its reach overseas as growth in Singapore becomes increasingly difficult. For 1Q 2025, overseas revenue made up 52.6% of CDG's total group revenue, up sharply from just 43.3% in the prior year. Management announced several business developments that further highlight the group's overseas growth ambitions. CDG commenced a two-year pilot programme to deploy commercial robotaxi services in Guangzhou, China, back in March this year. The group also formed a consortium with RATP to bid for the upcoming Copenhagen metro system tender. Back home, CDG is facing intensifying competition from other ride-hailing companies such as Grab Holdings (NASDAQ: GRAB). Grab recently obtained approval to start a new taxi fleet from the Land Transport Authority, which issued a street hail operator licence to the superapp. The licence is valid for 10 years and will intensify competition in an already crowded taxi market. CDG seems to be on the right track. The group is reducing its reliance on Singapore and expanding its presence globally through business initiatives and acquisitions. Already, revenue from outside of Singapore made up more than half of the group's revenue for 1Q 2025. Of course, investors will need to watch for the group's operating and net profit to see if these acquisitions deliver healthy returns over time. If they do, CDG could deliver improved capital returns and dividends to shareholders in the future. If you're looking for the best value buys in the stock market, read Get Smart. It will help you spot opportunities most investors overlook. Each issue gives you the context you need to recognise bargains and act confidently. Join for free and enjoy the advantage of deep investing insight delivered straight to your inbox every week. Follow us on Facebook, Instagram and Telegram for the latest investing news and analyses! Disclosure: Royston Yang does not own shares in any of the companies mentioned. The post If You Bought 1,000 ComfortDelGro Shares at IPO, Here's What They're Worth Now appeared first on The Smart Investor. 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Time Business News
02-07-2025
- Entertainment
- Time Business News
Comme des Garcons 2025: CDG Converse and Hoodie Icons
Comme des Garcons has ruled fashion for decades. The brand creates a reputation of breaking the rules and setting new standards on what clothes should appear and feel like. Comme des Garcons remains in the game by breaking rules with creative ideas and edgy styles. Comme des Garcons continues to roll on in 2025 and further causes heads to turn with its latest drop. Comme des Garcons' emphasis on comfortable yet expressive items like the CDG converse and the comme de garcons hoodie places it ahead of whatever's hot in today's street style. Fashionable but, they have a profound basis of comfort, self, and luxury fashion. CDG converse is the most evergreen sneaker collab fashion has. Unmistakably identifiable with the heart symbol and questioning eyes, the shoe is ubiquitous around the world. Comme des Garcons drops newer iterations of the CDG converse in fresher colors like olive green, cloud grey, vintage red, and soft beige this year. They're wardrobe-friendly hues, and the shoe becomes Versatile as ever. Apart from the new colors, the shoes also come in high-top and low-top models with enhanced soles, enhanced inner lining, and enhanced canvas materials that are eco-friendly and friendly to the skin. The second reason why the CDG converse is not available is that it has a simple design which can match nearly every fashion. From slouchy cargos and trousers to dresses and slim-fits, these shoes look awesome on casual and somewhat dressed-up outfits. Their pairing of laid-back shades with the reversed bold heart logo is a perfect blend of understated and frivolous. The 2025 versions also have a tone-on-tone ornamentation and limited-edition accents, including embroidery and two-texture pieces. These additional options provide customers another level of style options and include additional value to each pair. As the sneakers go out to turn heads with fashion on the street, the comme de garcons hoodie provides the perfect top layer for fashionable users. The collection of hoodies from this brand this year provides a broader variety range from oversized to cropped, from loose zip-up designs. They are constructed of high-quality soft cotton blend fabric and perfect for daily casual fashion. Heart logo is placed in various locations, i.e., left chest, sleeve, or back hem. Fresh designs even feature layered hood design, double-lined hoods, and washed fabrics with worn-in appearance directly out of the box. One of the 2025 bestsellers is also a timeless black comme de garcons pullover hoodie with an embroidered red heart right below the second top bestseller is the simple ash grey pullover with discreet branding, sported by influencers, artists, and students. Such hoodies can be mixed and matched with any type of bottom from denim jeans to loungewear pants and techwear. New limited drops include embroidered heart logos in playful colors such as deep royal blue or pale gold so the fans will be able to collect and exchange various versions depending on the season or event. Designs The element of fact that these products are expressly identified as being designed with the highest amount of detail is what differentiates CDG also sports padded insoles, breathable linings, and water-proof treatment on a few collab of CDG with is really wonderful. The comme de garcons hoodie line also incorporates wiser stitching at stress points, inner label printed details, and re-styled hoods that will sit more comfortably. Easy to Mix and Match The cdg converse and the comme de garcons hoodie are easy to mix and match with a contemporary wardrobe. Feeling good in your clothes is what fashion is all about in 2025, and CDG gets that balance just right. Keep Selling Out Comme des Garcons understands how to make something scarce but accessible to its fans. Whisper, low-release drops falling quietly are flying off the shelves online and at select outlets This limited drops strategy maintains the hype and places a high value on every product. Whether a limited CDG converse colorway or holiday hoodie with fresh fabric treatment, the fans are always keenly looking forward to what's next. 2025 drop schedule has been that of surprise, and every drop adds another chapter to the brand's ever-changing history. Comme des Garcons is reminding us once again that fashion can be expressive, comfortable, and timeless. With a new look and improved production, 2025 CDG converse and comme de garcons hoodie releases remain true to the brand's inspirational heritage yet evolve to meet the needs of today's life. These aren't merely fashion trends—these are signs of taste, cultural identity, and fashion forwardness. When new drops drop throughout the course of a year, Comme des Garcons is always pioneering modern streetwear and high-fashion convergence, making pieces as thoughtful as they are trendy. TIME BUSINESS NEWS
