As rental firms fold and fleets are repossessed, drivers who depend on leased cars to make a living are left stranded.
The vehicle leasing group's fleet of about 1,700 vehicles will be repossessed and returned to the respective creditors.
Increased scrutiny by banks and finance companies may not have a big impact on the larger, market-moving players Read more at ...
Senior Minister of State for Transport Sun Xueling says this is because the drivers are unsecured creditors Read more at The ...
ComfortDelGro, Grab and Strides Premier have waived the security deposit for these drivers. Read more at straitstimes.com. Read more at straitstimes.com.
The LTA is open to including education on understanding rental contracts as part of private-hire driver training. Read more ...
Singapore Business Review on MSN
DBS faces credit cost spike on Autobahn exposure
Singapore largest bank holds an estimated S$102.6m in loan exposure to the car leasing firm DBS’ exposure to the Autobahn car ...
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