Grab slashes half of driver commissions until 4 May

Grab slashes half of driver commissions until 4 May

Singapore Business Review (SBR)·1.0k views·2020-04-07 12:11

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Additional schemes to be implemented during the circuit-breaker timeframe.

Grab is reducing its commission rate for private-hire drivers by 50%, according to an announcement. Meanwhile, drivers renting cars from Grab's vehicle rental arm will get an additional 50% commission reduction, meaning they will not need to pay any commission to the company.

The reduction will be implemented until 4 May as ride demand has gone down due to circuit-breaker measures.

Grab also lowered the qualifying criteria for weekly cover, which gives eligible drivers income support depending on their tier. Free weekly cancellations will also be reduced from six to three cancellations per week.

Meanwhile, GrabRental drivers will receive a 30% rental waiver of up to $20 a day during the circuit-breaker timeframe, and may defer 20% of their rental costs of up to $14 a day for the next six months.

The programme is part of Grab's contribution to the government’s $73m special relief fund to help private-hire and taxi drivers affected by the coronavirus outbreak.  

Singapore Grab Finance

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boy1975 11/04/2020

close liao

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ismal 09/04/2020

It not the right time to drive with rental for the time been

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ismal 09/04/2020

Even free rental if lucky you can earn 20 to 50 dollars on one shift after deduction of fuel. Out of 100 taxi maybe 10 get make it This is taxi driver say. Now everywhere like ghost town

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Chai Png 08/04/2020

those renting car to do phv... still can return the car.... but those buy the car on hire purchase to do phv... will be facing great difficulties now... hope more help can be rendered to these ppl.... most will be in great debts even after the crisis is over coz of the period deferment of car installment now... ...they will need to pay even more each month but the earning may not be able to match the extra payment needed for installment.......that result n less profits... u can be driving like a robot everyday! Going to be very tough... unless platform companies can render more assistance to them... if not I think u will see them returning the cars like taxi uncles r doing now... very sad.. Wat these virus causing us...

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Chai Png 08/04/2020

it definitely must be very very very bad now.... if not ComfortDegro will not give one month free taxi rental... my friend is a taxi driver.. he said after driving for 8 hours.. he still can not cover the taxi rental... not to mention any profit at all.... he is giving up... he said no point driving around like a fool with no sight of ppl at all... .....wasting time...... so sad.....

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