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Taxi firms expect to increase their fares as gasoline prices hit an all-time high. Nguyen Cong Hung, Chairman of the Hanoi Taxi Association, said taxi firms planned to increase fares by 5-8 percent, or VND500-800 per kilometer ($1 ≈ VND22,800). The gasoline…
Uber Inc’s Chief Financial Officer Nelson Chai on Thursday forecast $5 billion in a measure of adjusted earnings by fiscal 2024, with gross bookings expected to be between $165 billion and $175 billion. He was speaking at the company’s first investor day…
Taxi company Vinasun laid off more than 2,500 employees, including some 1,800 drivers last year with the Covid-19 pandemic causing the business to shrink significantly. According to its newly released financial report, Vinasun had 1,877 employees at the end…
Southeast Asia’s Grab on Tuesday said it was experiencing disruption to its services, with customers and drivers in Singapore, Indonesia, and Malaysia complaining that they were having trouble using the app’s ride-hailing functions. “Some of our services are…
Ho Chi Minh City’s District 7 has proposed to municipal authorities that two new river bus routes be established to connect it with downtown District 1. A private company will invest and operate the two routes on Saigon River for five years, with a total…
The opinion is divided among taxi companies about increasing fares after the recent fuel price hikes, with some wanting to do so and others fearing this will lose them, customers. After four hikes in recent months, the latest on Oct. 26, the price of E5 RON…
Taxi firm Vinasun saw its revenue in the third quarter plunge 10 times to VND23 billion ($991,000) as the fourth Covid-19 wave wrecked the transport industry. The company posted a loss of VND91 billion, its seventh losing quarter in a row, increasing the…
Taxi operator Vinasun reported a loss of VND66 billion ($2.87 million) for the second quarter, its sixth consecutive quarterly loss as Covid-19 continued to wreck its business. Revenues were VND150 billion, the lowest since the company listed on the stock…
Self-driving tech company Pony.ai, backed by Toyota Motor, is considering going public in the United States to help fund its goal of commercializing driverless ride-hailing services, its chief executive said. The startup, active in the United States and…
Indian bike taxi platform Rapido, has joined hands with Zypp Electric to provide electric bike taxi service to its customers. Called Rapido EV, the new electric bike taxi is intended to reduce carbon footprint and encourage customers to use…
Malaysian budget airline AirAsia Group on Saturday stated that plans are in the works to launch a flying-taxi business next year. Air Asia CEO Tony Fernandes on Saturday said that the company is working on the project, and it would take about a year and a…
Waymo is the pioneer of self-driving cars, but it has been beaten to the punch by Chinese rivals AutoX and Baidu to deploying robo-taxis. Well, this wasn’t going to stand for long as it has started tests of its robo-taxis in San Francisco. Waymo had deployed…
Vinasun, Vietnam’s second-largest taxi firm, reported its first-ever accumulated loss of VND211 billion ($9.15 million) last year. The figure far exceeded the firm’s earlier loss forecast for 2020 at VND115 billion. Vinasun leaders have blamed the loss on the…
Amazon could become the fourth major player to have a self-driving robotaxi service after Waymo, Cruise, and AutoX. Amazon’s Zoox comes out of stealth after releasing prototypes six years ago. The most striking thing about Zoox is that its car has a level of…
Grab remains the dominant player in the Vietnamese ride-hailing market with close to a 75 percent share, and is widening the gap with competitors. Global market advisory firm ABI Research said Grab completed 62.5 million rides in the first six months of 2020,…
Taxi associations in the country’s three biggest cities have taken their grievances against Grab to the National Assembly. According to the associations representing operators in Hanoi, Da Nang and Ho Chi Minh City, Grab’s current operating model allows it…
