1. IP addresses are NOT logged in this forum so there's no point asking. Members are encouraged to install GOM or HOLA or TUNNELBEAR for an added layer of protection.  The SEX forum is HERE so please stop asking.

Chitchat The power of Ho Ching and her Temasek.

Discussion in 'The Courtyard Café' started by scroobal, Aug 7, 2017.

  1. scroobal

    scroobal Alfrescian Old Timer

    Joined:
    Jul 16, 2008
    Messages:
    24,366
    Likes Received:
    165
    Trophy Points:
    63
    Even Minister without Portfolio and NTUC chief is powerless.


    http://www.asiaone.com/singapore/grabnow-launches-lets-you-grab-cabs-streets-and-pay-app

    GrabNow launches - lets you grab cabs off the streets, and pay via the app

    SAMANTHA TAY
    VULCAN POST Aug 07, 2017

    You can now street-hail Grab vehicles.

    End June, we speculated Grab was rolling out street-hailing with GrabBikes, though that turned out to be be false. But today, Grab Singapore launched GrabNow - a new service where commuters can street-hail taxis identified by a special GrabNow decal.

    After boarding the vehicle, passengers then launch the Grab app and select the 'Standard Taxi' followed by the 'GrabNow' option.

    Doing this will prompt passengers to pair their smartphones with their drivers' using either Google Nearby or a 6-digit code created on the driver's phone.

    The entire process will take at most 10 seconds, and the ride will then be registered as a GrabTaxi ride. Rides can be paid for either with GrabPay, or by cash.

    Through these rides, passengers also get to enjoy GrabRewards points, no surcharge or admin fees (rides are charged by taxi metre).

    "At Grab, we're constantly innovating to provide the best end-to-end experience for our driver-partners and passengers," shared GrabTaxi Head Melvin Vu in the press release.

    "With GrabNow, our customers can enjoy the best of both worlds - the immediacy of street hailing as well as all the benefits of the Grab app, including cashless payments".

    Instant Pay-outs And Ride-bookings For Drivers

    Taxi drivers still prefer cash fares because it's fuss-free, and it's hard to deny that many have expressed dissatisfaction with credit card payments due to the delayed pay-outs. As such, ride-hailing platforms end up being a turn-off for a taxi driver.

    But the new GrabNow launch also comes with an Instant Cash Out feature, a first in the ride-hailing industry.

    In the past, taxi drivers had to wait a day for the banks to process credit card payments. Grab's new Cash Out allows taxi drivers to literally cash out their from their banks' ATM, without waiting that 1 day.

    This is because any fares collected by GrabPay is instantly transferred to the drivers' bank accounts.

    A second point to note is the long taxi queues at taxi stands. One would think it an off-peak period, but in truth, these taxis are surrounded by small crowds staring at their phones.

    By rolling out street-hailing, this 'lack' of passengers problem can also be solved, or at least, alleviated.

    A Monopoly In The Making?

    Street-hailing certainly solves the headache Grabbers like myself have when after we've made a booking, we see multiple taxis going by.

    We immediately regret the booking, and wrestle with the idea of waiting for our driver or risking penalty points.

    But in the larger picture, it also allows Grab to convert more of Singapore's taxis over to the green side. Could this possible be a Grab monopoly in the making, as Grab stamps its decal on our taxi fleets?

    Only time will tell.
     
  2. Narong Wongwan

    Narong Wongwan Alfrescian (Inf)

    Joined:
    Jun 21, 2010
    Messages:
    29,218
    Likes Received:
    314
    Trophy Points:
    83
    Looks like uber is losing to grab.
    Just goes to show if you got backing in sg you will make it. Ho Bee is one example
     
  3. zhihau

    zhihau Alfrescian (InfP) + S-Mod Old Timer

    Joined:
    Jul 10, 2008
    Messages:
    19,616
    Likes Received:
    294
    Trophy Points:
    83
    Sheng Siong too? Teehee...
     
  4. scroobal

    scroobal Alfrescian Old Timer

    Joined:
    Jul 16, 2008
    Messages:
    24,366
    Likes Received:
    165
    Trophy Points:
    63
    Exactly. Another company is Amazon. The son has a project that had engaged Amazon and the talk is that he will eventually move to Amazon. When LTA announced that it was illegal for taxis to be engaged by Amazon to do deliveries , 2 phone calls were made - one to the Taxi union MP in her husbands GRC and another to LTA. The very next day LTA did a massive U-turn that our NS trained 3-tonner drivers would be proud. On the same day, the Taxi MP made an announcement in support of relaxing the rules.


     
  5. tanwahtiu

    tanwahtiu Alfrescian Old Timer

    Joined:
    Dec 17, 2009
    Messages:
    9,802
    Likes Received:
    79
    Trophy Points:
    48
    Like FT angmoh said easy for FT US angmoh to do biz in Singapore.

    Want Trump to consider Singapore style government.
     
  6. red amoeba

    red amoeba Alfrescian (Inf)

    Joined:
    Jul 14, 2008
    Messages:
    9,218
    Likes Received:
    77
    Trophy Points:
    48
    Uber is like iphone, favoured heavily by Ang Mohs. Grab is android.
     
  7. Pek Kim Lui

    Pek Kim Lui Alfrescian Old Timer

    Joined:
    Jul 12, 2008
    Messages:
    1,207
    Likes Received:
    5
    Trophy Points:
    38
    same lanchiow dna but not cb dna,,,,,,,,,,Dr Wong dna not much wt......
     
  8. tanwahtiu

    tanwahtiu Alfrescian Old Timer

    Joined:
    Dec 17, 2009
    Messages:
    9,802
    Likes Received:
    79
    Trophy Points:
    48
    Uber will be history like yahoo will be history in seach engine.
     
  9. Rogue Trader

    Rogue Trader Alfrescian (Inf)

    Joined:
    Aug 29, 2008
    Messages:
    13,879
    Likes Received:
    497
    Trophy Points:
    83
    Uber is still bankrolled by VCs in US. Will not be surprised if they buy out Grab and all the IPs developed in sinkieland
     
  10. Rogue Trader

    Rogue Trader Alfrescian (Inf)

    Joined:
    Aug 29, 2008
    Messages:
    13,879
    Likes Received:
    497
    Trophy Points:
    83
    Sinkieland is not known as "the best place to do business" by the World Bank for no reason. We've got Temasek Chairwoman sleeping with the PM of singapore.. have you wondered about the amount of public funds spent on tracking down and arresting idiots who thrashed Obike bicycles?

    In time, more start ups will be invited to be based here to make sinkieland a sterile petri dish for new innovation. And honestly I am quite happy that Temasek/EDB is taking this route to grow the economy instead of the FT policy .. The main thing now is for regulators to keep these superstar start ups from harming singaporeans (like the recent uber's coffin on wheels scandal)
     
  11. tanwahtiu

    tanwahtiu Alfrescian Old Timer

    Joined:
    Dec 17, 2009
    Messages:
    9,802
    Likes Received:
    79
    Trophy Points:
    48
    Any leads hiw to get temasek startup funding
     
  12. cocobobo

    cocobobo Alfrescian Old Timer

    Joined:
    Jan 11, 2009
    Messages:
    1,216
    Likes Received:
    21
    Trophy Points:
    38
    Uber got themselves to blame. Their algorithm sucks toes.
    I'd taken uberpool in the past and a few times had the car turn around after fetching me to go pick up another, in the opposite direction.

    Never had that with grab.

    After i replaced my phone, i dont even bother installing uber.
     
  13. frenchbriefs

    frenchbriefs Alfrescian (Inf)

    Joined:
    Jul 25, 2013
    Messages:
    15,417
    Likes Received:
    79
    Trophy Points:
    0
    Garnishing ur own taxi industry just so u can make 20 percent on a phone app is kinda stupid isn't it.unless grab has market presence worldwide.

    Currently grab is only in 30 cities in six Asian countries.uber is in 600 cities worldwide.

    In the world of business,it's either u be first and establish a major presence or u lose,UBEr will crush grab like an ant.just like I kill hundreds of ants everyday,unless the ant is too small to be noticed.

    So far the biggest beneficiary of economy sharing are the yalams,I see many yalams with many nice toyotas nowadays at kallang KFC with their minahs.....millions of wealth from taxi companies is being disrupted and trickling down to
     
    Last edited: Aug 9, 2017

Share This Page