Latest news with #ComfortDelGro
Straits Times
3 days ago
- Business
- Straits Times
ComfortDelGro to move its corporate headquarters to Labrador Tower in November
The move comes as the lease on ComfortDelGro's long-time base in Braddell Road (above) expires in August 2026. ST PHOTO: KUA CHEE SIONG ComfortDelGro to move its corporate headquarters to Labrador Tower in November SINGAPORE - Transport giant ComfortDelGro will move its corporate headquarters to Labrador Tower, a new office building in Pasir Panjang, The Straits Times has learnt. The move, which will take place in November, comes as the lease on the mainboard-listed company's long-time base in Braddell Road expires in August 2026. A ComfortDelGro spokesperson confirmed in a statement to ST on June 20 that the company will relocate its corporate functions to Labrador Tower. It will join the Ministry of Health and insurer Prudential Singapore as tenants at the 34-storey mixed-use project, which was developed by utilities company SP Group and completed around mid-2024. ComfortDelGro did not specify the number of employees or the departments that will move , but ST understands they include those in finance, IT, human resources, legal, business development, as well as branding and corporate communications. 'This move is part of our ongoing efforts to create a more modern and sustainable work environment for our corporate staff,' the company said, noting the new office's proximity to Labrador Park MRT station on the Circle Line. Asked how much office space it will be leasing at Labrador Tower and why it chose to move its corporate head office there, ComfortDelGro's spokesperson said it was unable to provide more details at this time. The ComfortDelGro G roup had more than 12,400 employees in Singapore in 2024, with its subsidiary, public transport operator SBS Transit, accounting for more than three quarters of the workforce here. Chinese-language daily Lianhe Zaobao broke the news on June 15 that ComfortDelGro and SBS Transit will vacate their premises at 205 Braddell Road progressively from October. While ComfortDelGro's corporate staff will move to Pasir Panjang, SBS Transit - which has been based in Braddell since 1980 - will relocate to its other existing bus and rail premises. By end-2025, SBS Transit will move its office staff to Sengkang Rail Depot and Sengkang West Bus Depot, and its bus operations in Braddell to Hougang Bus Depot in Defu. For cabbies, ComfortDelGro said its maintenance workshop on its Braddell Road premises will continue to serve taxi drivers in the central region until a new five-storey automotive hub in Ubi opens in the first quarter of 2026 to take its place. Neither ComfortDelGro nor SBS Transit have said why they did not renew or extend the lease on the Braddell site, which remains zoned for 'transport facilities' use, according to the Urban Redevelopment Authority's 2019 Master Plan. Industrial developer JTC Corporation owns the 66,441 sq m plot of land , which is located next to the CTE. At present, it houses a range of facilities, including office space, workshops, diesel pumps and electric vehicle charging stations. Join ST's WhatsApp Channel and get the latest news and must-reads.
Independent Singapore
13-06-2025
- Independent Singapore
85-year-old woman dies in hospital after getting struck by ComfortDelGro taxi in Geylang
Photo: Comfort DelGro SINGAPORE: An 85-year-old woman has succumbed to her injuries and passed away after she was hit by a taxi while crossing the road in Geylang on Tuesday morning. The police said they were alerted to the accident at about 10.35am on June 10. The collision, which involved a taxi and a pedestrian, occurred along Lorong 1 Geylang towards Upper Boon Keng Road. The elderly woman was found unconscious at the scene and was taken to hospital, where she later passed on. In a statement, the police confirmed that a 68-year-old male taxi driver has been arrested for careless driving causing death. According to a report by Shin Min Daily News, the woman was on her way home, after finishing her breakfast at a nearby coffee shop, when she was struck by the vehicle. A hawker selling fried dough sticks told the Chinese daily that the woman was a familiar face in the neighbourhood and a regular at the coffee shop. 'She was eating wanton noodles alone,' the hawker said. 'An uncle told me later that he had reminded the old woman to pay attention to safety when she was crossing the road.' A spokesperson for ComfortDelGro said: 'We are profoundly saddened by this accident and our heartfelt condolences go out to the family of the deceased during this incredibly difficult time.' The company added that it is fully cooperating with the police in their investigations and will provide all necessary assistance. Police investigations are ongoing.
Independent Singapore
10-06-2025
- Independent Singapore
S$5 taxi surcharge to be applied for pick-ups at Banyan Tree Resort, Mandai
SINGAPORE: On Monday (Jun 9), ComfortDelGro (CDG) announced that a surcharge of S$5 will be applied for all trips from the Banyan Tree Resort at 60 Mandai Lake Road beginning from June 16. However, the additional charge is only applicable daily between 1:00 p.m. and 11:59 p.m., CDG added, noting that this should be taken into consideration when accepting or planning trips to the Banyan Tree Resort. Last July, the surcharge for pick-ups at the Singapore Zoo, River Wonders, Night Safari, and Bird Paradise at Mandai Wildlife Reserve, as well as trips between 1:00 p.m. and 11:59 p.m. every day, increased from S$3 to S$5. 'Location surcharges are determined in consultation with premise owners. Operators lodge surcharges or changes with the Public Transport Council (PTC) and the Land Transport Authority (LTA) upon receiving the requests from the premise owners. This mechanism aims to increase the supply of taxis at underserved areas by incentivising drivers,' CDG noted. FB screengrab/ ComfortdelGro STRIDES Premier also announced the permanent S$5 surcharge for Banyan Tree Resort pick-ups on its Facebook account on Monday, adding, 'We appreciate your continued support as we strive to serve you better.' FB screengrab/ STRIDES Premier The surcharge is meant to encourage more cabbies to make trips to the somewhat remote resort and attractions at Mandai, Lianhe Zaobao reported Prime Taxi as saying. While the surcharge will not be applied to private-hire cars, if customers book rides on a standard taxi via a ride-hailing platform, the surcharge will be imposed. Last July, location surcharges at Changi Airport and Mandai Wildlife Reserve were made permanent, Strides Premier and CDG said at the time. These charges began in May 2022 and have resulted in taxi trips from Changi Airport, Changi Airfreight Centre, Airport Police Station, and the Airport Logistics Park of Singapore incurring an extra S$8 from 5:00 p.m. to 11:59 p.m. every day, and an additional S$6 at all other times. Before May 2022, the surcharge was S$5 on Fridays, Saturdays, and Sundays from 5 p.m. to 11:59 p.m., and S$3 at all other times. The surcharge was only meant to be temporary at the time. It was implemented when taxi drivers were hesitant to pick up passengers at the airport, despite an increase in people coming to Singapore as travel restrictions were being eased. It had also been a time of surging fuel prices, and cabbies preferred to pick up fares at the Central Business District, which was more cost-effective for them. /TISG Read related: Not a real solution: Extra $3 surcharge for taxis at Changi Airport not enough for petrol costs plus long wait times
Straits Times
09-06-2025
- Automotive
- Straits Times
11-vehicle accident at Bras Basah Road: 3 taken to hospital
11-vehicle accident at Bras Basah Road: 3 taken to hospital Six cars, three taxis and two buses were involved in an 11-vehicle collision outside Chijmes at Bras Basah Road on June 5. Stomper Rohaizat shared photos taken at 10.26am, showing the extensive damage to the vehicles. Some of the photos show the mangled exterior of a Toyota Alphard and the driver's seat where airbags were deployed. Other photos show the damaged side of a ComfortDelGro taxi with its tyre hanging out. PHOTOS: STOMP In response to a Stomp query, the police said they were alerted at about 9.35am. A 44-year-old male car driver, his 49-year-old female passenger and a 58-year-old male taxi driver were conscious when taken to the hospital. Police investigations are ongoing. View more photos in the gallery. Click here to contribute a story or submit it to our WhatsApp Get more of Stomp's latest updates by following us on:
Yahoo
28-05-2025
- Business
- Yahoo
The five-year decline in earnings for ComfortDelGro SGX:C52) isn't encouraging, but shareholders are still up 7.9% over that period
For many, the main point of investing is to generate higher returns than the overall market. But even the best stock picker will only win with some selections. At this point some shareholders may be questioning their investment in ComfortDelGro Corporation Limited (SGX:C52), since the last five years saw the share price fall 12%. After losing 4.1% this past week, it's worth investigating the company's fundamentals to see what we can infer from past performance. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. During the five years over which the share price declined, ComfortDelGro's earnings per share (EPS) dropped by 4.5% each year. The share price decline of 2% per year isn't as bad as the EPS decline. The relatively muted share price reaction might be because the market expects the business to turn around. You can see how EPS has changed over time in the image below (click on the chart to see the exact values). We know that ComfortDelGro has improved its bottom line lately, but is it going to grow revenue? You could check out this free report showing analyst revenue forecasts. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of ComfortDelGro, it has a TSR of 7.9% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return. ComfortDelGro shareholders gained a total return of 7.0% during the year. Unfortunately this falls short of the market return. On the bright side, that's still a gain, and it's actually better than the average return of 1.5% over half a decade This suggests the company might be improving over time. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Even so, be aware that ComfortDelGro is showing 1 warning sign in our investment analysis , you should know about... If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Singaporean exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
