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Pandemic could give ComfortDelGro's taxi business a lift

THE coronavirus pandemic has been destructive but it could prove to be a blessing in disguise for mainboard-listed transport giant ComfortDelGro Group, as a dampening of demand seems to have catalysed the private hire industry's right-sizing.

The number of private hire cars has been declining for six straight months from its peak at 77,815 in February to 72,679 in August, the latest statistics from the Land Transport Authority showed. It would appear that the coronavirus has stopped these taxi competitors...

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