Go Jek’s entry bid junked anew

Indonesian ride-hailing app Go Jek expressed disappointment on Monday over the Land Transportation Franchising and Regulatory Board (LTFRB) decision to again reject its bid to enter the Philippine market, even as it pledged to resolve its issues with the agency.

“We want to provide real options to people who spend more hours on the road than necessary as well as to drivers, whose welfare is always improved by more competition in the sector,” it said in a statement.

“Go Jek hopes to arrive at a fruitful working relationship with regulators in order to deliver this service to Filipino people as soon as possible,” it added.

The LTFRB first denied Go Jek’s motion for reconsideration over foreign ownership issues last year.