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Sharing Economy

Singapore cab operator defies Go-Jek threat and posts profit

ComfortDelGro gains from overseas buys and state plans to regulate ride-hailers

The venture will add several thousand autos to Go-Jek's four-wheel ride-hailing service Go-Car, all equipped with Astra's fleet management system. (Photo by Ken Kobayashi)

SINGAPORE -- Traditional taxi companies are struggling in the age of ride-sharing but Singapore's largest cab group ComfortDelGro has managed to claw out of the slump through overseas acquisitions as its 2019 outlook brightens with government plans to tighten regulatory oversight of its new technology rivals.

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