News

 

Related company : GO-JEK INDONESIA

Related company : GO-JEK INDONESIA

Tone : Neutral

Tone : Neutral

 

Philippines rejects Go-Jek appeal against ride-hailing license ban

Summary
The Jakarta Post, March 16, 2019
Indonesian ride-hailing firm Go-Jek lost an appeal 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.
 
 

Be alerted on the latest news on this company through our media monitoring.

 
 

Indoinfo Guide
About Us

Twitter

Twitter

Twitter


Contact Us
Address: ANZ Tower Level 23B,
Jl. Jend. Sudirman Kav. 33A.
Jakarta, Indonesia

Phone: +622157852970
Fax: +622157900938
Email:

Pay with

Secure Connection