Grab IPO may soar but take Comfort

Nirgunan Tiruchelvam
Nirgunan Tiruchelvam1/22/2021 07:00 AM GMT+08  • 4 min read
Grab IPO may soar but take Comfort
As Grab seeks a US IPO, don't forget tried-and-tested ComfortDelgro, whose stock has been ravaged by the pandemic.
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This island is famous for the Singapore sling, a pink cocktail that was patented in Raffles Place. However, when I arrived in Singapore in 1997, it seemed that the taxi system should be more famous.

Singapore’s taxi operators were using a satellite tracking system. It instantly connected passengers and taxis. You could dial from a landline. The number plate would be sent automatically. The taxi would arrive promptly. One could call a taxi from any part of the island using a mobile phone.

Today, ordering a taxi using satellite technology is common. However, in 1997 it was unheard of. No other city in the world had such an advanced taxi system.

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