Singapore Taxis’ Night at the Museum

Miniatures of ComfortDelgro Corp. taxis are popular children’s toys in Singapore. Not for long, though. The ubiquitous blue and yellow Toyota Crown cabs are leaving the realm of kids’ imagination and heading for grownup nostalgia. One day soon, they’ll belong in a museum.

The end is nigh for the conventional taxi business, though that’s not what Comfort said in a press release announcing the purchase of 51 percent of Uber Technologies Inc.’s Singapore car rental unit for S$295 million ($218 million) in cash.

The deal gives Comfort, the city-state’s largest taxi operator, access to a fleet of 12,450 private-hire vehicles

Story continued at Source: https://www.bloomberg.com/gadfly/articles/2017-12-11/uber-deal-is-cold-comfort-for-singapore-s-fading-taxis

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