Indonesia’s Gojek to enter PH’s ride-hailing market | Inquirer News
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Indonesia’s Gojek to enter PH’s ride-hailing market

/ 04:04 AM November 11, 2019

MANILA, Philippines — Makati City Rep. Luis Campos Jr. hailed on Sunday the entry of a new transport network company to restore competition and provide another option for commuters in the clogged streets of the capital.

Campos said that Jakarta-based Gojek’s decision to jump into the Philippine market was a welcome development following Grab’s acquisition of Uber’s Southeast Asia operations.

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“We need competition in the ride-hailing market. Consumers tend to get better prices and services when there is competition,” Campos said in a statement.

Gojek co-chief executive officer Andre Soelistyo said last week the tech giant was ready to begin operations in the Philippines by 2020.

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“We are definitely going to expand into the Philippines and Malaysia next year. We have prepared everything to enter those markets,” he said in a report.

Gojek operates ride-hailing services in Indonesia, Thailand, Vietnam and Singapore.

In January, the Land Transportation Franchising and Regulatory Board rejected its application over foreign ownership issues. —DJ Yap

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TAGS: Gojek, Luis Campos Jr., ride-hailing firm
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