TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsPhilippines rejects Go-Jek appeal against ride-hailing license ban
Indonesian ride-hailing firm Go-Jek lost an appeal on Tuesday against the Philippines’ decision to refuse to grant it a license due to its failure to meet local ownership criteria.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
A green helmet with Go-Jek logo. (Shutterstock.com/findracadabra )
I
ndonesian ride-hailing firm Go-Jek lost an appeal on Tuesday against the Philippines’ decision to refuse to grant it a license due to its failure to meet local ownership criteria, in a major blow to its Southeast Asia expansion plans.
Go-Jek, whose backers include Alphabet Inc’s Google and Tencent Holdings Ltd, had hoped to take on Singapore-based Grab which is the dominant player in the Philippines ride-hailing sector.
The firm applied for a license to operate in Manila in August through wholly owned subsidiary Velox but was denied in January, after ride-hailing was added to a list of industries where foreign ownership is limited to 40 percent.
“They filed a motion for reconsideration, but failed to fix Filipino ownership requirement,” Land Transportation Franchising and Regulatory Board (LTFRB) Chairman Martin Delgra told Reuters.
A Go-Jek spokesman said the firm was disappointed and “will now explore our options”.
Several Philippine ride-hailing firms have started operations in the capital Manila and in major provinces over the past two years but have had limited success in eroding Grab’s domestic market share, which stands at over 90 percent. (bbn)
