Ryde Secures 3-Year License Renewal in Singapore, Stock Gains

Lekha Gupta

December 26, 2024

Ryde Group Ltd. (AMEX:RYDE) shares are trading higher on Thursday after the company disclosed the renewal of its full ride-hail and carpool service operator licenses for three years in Singapore.

As Singapore’s transportation landscape evolves, Ryde uses technology and AI-driven algorithms to enhance the commuting experience.

Subashini Thanakodi, Associate Director of Operations, said, “We are deeply honored to have achieved this milestone, which reflects Ryde’s commitment to creating sustainable and inclusive mobility solutions for everyone.”

Since 2014, Ryde has focused on empowering driver-partners and improving commuter experiences.

Its 0% commission policy, 7 driver commitments, and 1-day leave scheme ensure higher earnings and better work-life balance for drivers.

For riders, Ryde offers an enhanced app with AI-driven recommendations, faster ride-matching, and seamless booking.

The Ryde+ subscription provides savings, quicker bookings, and exclusive perks, strengthening rider loyalty and affordability.

Last month, Ryde extended its partnership with Singlife, by signing an MOU to implement a Work Injury Compensation Act Protection Plan for platform workers, effective January 1, 2025, building on the RydeSafe initiative for riders.

Price Action: RYDE shares are up 24% at $0.3845 at the last check Thursday.

Read Next:

Netflix To Release ‘BeyoncÃ© Bowl’ NFL Halftime Performance As Standalone Special

Recommended

Elon Musk: "The Government Is Out of Control." - Ad

Is Artificial Intelligence the Biggest Bubble in History? - Ad

Set Your Alarm For 1:59 P.M. on January 31st Because THESE Stocks Set To Rocket Up - Ad

Popular

SEALSQ Corp Shares Are Moving Higher After Hours: What's Going On?

SEALSQ Corp (NASDAQ:LAES) shares closed Thursday up more than 60%, and the stock isn't slowing down after hours. Shares are up more than 3% in extended trading after the company announced it regained compliance with Nasdaq listing rules.

Florida condo owners look at higher costs as new regulations take effect in the new year

MIAMI (AP) — Florida condominium owners are looking at higher costs from condo associations in the new year, a consequence of a passed by state lawmakers in 2022.

"King of the Quants": Please Don't Take This Warning Lightly...

"King of the Quants": Please Don't Take This Warning Lightly... - Ad

My system has recently uncovered a market phenomenon I haven't seen in 30 years.Some fortunate folks like me built generational wealth back then...while others lost their shirts and spent decades trying to recover. Well, something similar is happening today... but it will end in a much bigger way. This market shakeup is going to be much more intense.

Bitcoin, Ethereum, Dogecoin Pull Back After Christmas Rally: Top Analyst Reveals What Happens Next After BTC Fails To Record Daily Close Above $100K

Leading cryptocurrencies fell Thursday after a festive surge on Christmas gave way to profit-taking.

New 2025 laws hit hot topics from AI in movies to rapid-fire guns

Artificial intelligence. Abortion. Guns. Marijuana. Minimum wages.

A Strange Twist Is About to Hit the AI Market That Almost Nobody Sees Coming...

A Strange Twist Is About to Hit the AI Market That Almost Nobody Sees Coming... - Ad

If you have any money in AI stocks right now, or if you're even thinking about it, you need to see what's going on. The truth is, the moves we've seen in tech and AI stocks over the last couple of months could be the start of something much bigger. That's why I've put together this special presentation with Wall Street legend, Charles Mizrahi.

American Airlines settles lawsuit filed by 3 Black men who were ordered off a flight

American Airlines said Thursday it has settled a filed by three Black men who were ordered to deboard a flight last January.

Millions of people may get expanded Social Security benefits. Who are they and how would it happen?

ATLANTA (AP) — Nearly 3 million people could receive a boost in payments under legislation set for a final Senate vote in the coming days.

There's Only ONE AI Company That Matters

There's Only ONE AI Company That Matters - Ad

It's not Nvidia, AMD, IBM, or any new startup. It's not even an artificial intelligence company... yet it holds the key to the entire AI market. Get all the details of the critical technology that the entire AI sector needs to survive.

US senator says mysterious drones spotted in New Jersey region should be 'shot down, if necessary'

A U.S. senator has called for spotted flying over sensitive areas in New Jersey and other parts of the Mid-Atlantic region to be “shot down, if necessary,” as it remains unclear who owns them.

Isak Andic, founder of Spanish fashion brand Mango, dies in accident, aged 71

BARCELONA, Spain (AP) — Isak Andic, the founder of Spanish fashion brand Mango, has died after suffering an accident, the company said on Saturday. He was 71.

What's Going On in This Strange Facility Near Mar-A-Lago?

What's Going On in This Strange Facility Near Mar-A-Lago? - Ad

Most people have no clue this unassuming facility exists. Yet the minute Donald Trump takes office... This could be the most important building in America. More important than the Capital, the Pentagon... even the White House. Because this may well be the epicenter of Trump's New Manhattan Project.

JPMorgan, Wells Fargo, BofA facing federal lawsuit over Zelle payment network fraud

A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments network Zelle, in violation of consumer financial laws.

What's Going On With Broadcom Stock?

Broadcom Inc (NASDAQ:AVGO) shares are trading lower Wednesday, pulling back from a recent surge that saw the stock join the $1 trillion club. Here's a look at what you need to know.

Wall St. Icon: "If You Wait On This, It Will Already Be Too Late"

Wall St. Icon: "If You Wait On This, It Will Already Be Too Late" - Ad

If you have a significant amount of money in the stock market right now -- or if you're sitting on the sidelines waiting to make a move -- you DO NOT want to miss my latest research. My goal is to get as many people as I can in front of what's coming. If you wait until your hand is forced, it will already be too late. You absolutely MUST get on the right side of this thing.

TikTok asks federal appeals court to bar enforcement of potential ban until Supreme Court review

TikTok asked a federal appeals court on Monday to bar the Biden administration from enforcing a law that on the popular platform until the Supreme Court reviews its challenge to the statue.

Mark Cuban's Unconventional Morning Routine: 'You're Going To Be Shocked'

Billionaire Mark Cuban shared his daily routine, which he believes might surprise many.

5 Stocks to Potentially Profit From Global Turmoil

5 Stocks to Potentially Profit From Global Turmoil - Ad

Global violence grows, but these 5 military stocks could potentially skyrocket. Past gains hit 16,270%, turning $700 into $113K. Don't miss out this time...

Apple Eyes Sony Partnership For Game-Changing Vision Pro Upgrade

Apple and Sony are reportedly joining hands to augment the gaming capabilities of the Vision Pro.

Suspect in UnitedHealthcare CEO killing charged with murder in New York, court records show

ALTOONA, Pa. (AP) — After on a New York sidewalk, police searched for the masked gunman with dogs, drones and scuba divers. Officers used the city's . Investigators analyzed DNA samples, fingerprints and internet addresses. Police went door-to-door looking for witnesses.

Elon's New Tech Could Be Bigger Than Tesla & SpaceX... Combined

Elon's New Tech Could Be Bigger Than Tesla & SpaceX... Combined - Ad

Forget rockets or brain implants... Elon's new AI product could be his biggest invention yet. Jeff Brown tried it himself recently and caught his experience on camera. See this footage because according to Tesla Magazine, this new product "could well shape the technological and economic future of our society."

Drone sightings lead to airspace shutdown at Ohio military base, arrests near Boston airport

BOSTON (AP) — More suspected in the eastern U.S. led to a temporary airspace shutdown at an Air Force base in Ohio and arrests near Boston's Logan International Airport, as elected officials to identify and stop the mysterious unmanned flights.

FedEx Positioned As Largest Pure-Play North American LTL Carrier Post-Separation: Analyst

BofA analyst raises FedEx price target to $348, citing potential value creation post-separation, and increases EPS estimates for FY25 and FY26.

"This Will Be Worse Than the Great Depression, the Dot-Com Crash, and the 2008 Crisis Combined"

"This Will Be Worse Than the Great Depression, the Dot-Com Crash, and the 2008 Crisis Combined" - Ad

According to Dan Ferris, who has predicted nearly every major market crisis of the last 25 years, a new crisis in the US economy could soon cost you 50% of your portfolio or more if you don't prepare your wealth now. Especially if you're sitting on large gains.

More student loans canceled in Biden's final round of forgiveness before leaving office

WASHINGTON (AP) — The Biden administration is canceling federal for another 55,000 workers through an existing program known as Public Service Loan Forgiveness.

A Southwest jet and a small plane wound up on the same runway after being cleared to land

WASHINGTON (AP) — A Southwest Airlines jet wound up on the same runway with a small private plane that had stopped after an air traffic controller cleared both planes to land on the same California runway in October, according to federal investigators.

My TOP Altcoin for Right Now Is...

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power

WASHINGTON (AP) — IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes since the nation's tax collector received a massive glut of funding through in 2022.

Car Rams Into Christmas Market in Germany, Killing Five and Injuring More Than 200

A car-ramming attack at a Christmas market in Magdeburg, Germany, on Friday night has left five people dead, including a nine-year-old child.

Man Who Predicted Trump 2016-2024: Secret Executive Order Will Disrupt Financial Markets

Man Who Predicted Trump 2016-2024: Secret Executive Order Will Disrupt Financial Markets - Ad

Jim Rickards, famed Trump 2016-2024 predictor and CIA advisor, just dropped a new bombshell: a secret executive order could disrupt markets. His latest prediction has major implications for your financial future.

Dogecoin Poised For 85% Surge As Whales Accumulate 130 Billion DOGE

Dogecoin (CRYPTO: DOGE) is hinting at a possible price surge in the wake of its remarkable rally.

Average rate on 30-year mortgage snaps 3-week slide and rises to highest level since late November

The average rate on a 30-year mortgage in the U.S. rose this week to its highest level since late November, reflecting a recent uptick in the bond yields that lenders use as a guide to price home loans.

There's One Thing Trump and Musk Can't Fix

There's One Thing Trump and Musk Can't Fix - Ad

Donald Trump and Elon Musk are teaming up to fix America's broken government. With the launch of the Department of Government Efficiency, they're planning to cut $2 trillion from the federal budget. But sadly, there's ONE thing Trump and Musk can't fix.

Musk and Trump are viewed roughly the same by Americans, an AP-NORC poll finds

WASHINGTON (AP) — , clad in tuxedo and black tie, took the stage at President-elect Donald Trump's Mar-a-Lago resort shortly after the election with all the swagger of the winning candidate himself.

Cathie Wood's Thursday Moves: Dumps Buzzing Stocks Tesla And Palantir

On Thursday, Dec. 19, 2024 Cathie Wood-led Ark Invest sold shares of Tesla and Palantir, both of which have run up considerably for the month.

Media Humiliated: Demo of Elon's Tech Proves They're Wrong

Media Humiliated: Demo of Elon's Tech Proves They're Wrong - Ad

It's smaller than a quarter, but it could power Elon Musk's next AI revolution... A revolution he believes will be worth more than $9 trillion. Believe it or not, this device could even help put an extra $30k in your pocket every year outside of the markets.

Ex-OpenAI engineer who raised legal concerns about the technology he helped build has died

Suchir Balaji, a former OpenAI engineer and whistleblower who helped train the artificial intelligence systems behind ChatGPT and later said he believed those practices violated copyright law, has died, according to his parents and San Francisco officials. He was 26.

Miami judge approves bail for wealthy Alexander twins in state rape case

WEST PALM BEACH, Fla. (AP) — A judge in Miami granted bail Friday to a prominent real estate broker and his twin brother, who are facing . However, they won't be released from custody while facing a separate federal sex trafficking case with another brother.

The Secret to Trading Success? It's Simpler Than You Think

The Secret to Trading Success? It's Simpler Than You Think - Ad

Forget fancy software. Top traders rely on free alerts that tell them when to jump on the next big trade. Straight to your phone. No guessing, no stress.

New Jersey targets plastic packaging that fills landfills and pollutes

TRENTON, N.J. (AP) — New Jersey is aiming to drastically reduce the amount of packaging material — particularly plastic — that is thrown away after the package is opened.

Trending Now