SINGAPORE (Mar 31): ComfortDelGro’s share price has plunged some 37% amid a worsening Covid-19 pandemic. But the worst is far from over. 

Singapore’s largest taxi operator is about to book full-year losses for FY2020 for the first time ever, an inevitable outcome from the group’s decision to extend its daily rental relief measures for taxi hirers till end-September. 

The extension is expected to set the group back by an astounding $80 million. 

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