India revised its e-commerce rules in early 2019, creating hurdles for Amazon and Flipkart.
GOJEK founder Nadiem Makarim and president Andre Soelistyo had met Malaysia PM Mahathir Mohamad earlier this week.
Promotors can retain control even as they raise capital from global investors.
The government is likely to shift the traditional sovereign surveillance to a more innovative approach towards the digital economy.
Rest of Asia
The draft law proposes limiting foreign ownership in internet firms to 20% if they are considered to be a “significant source of information”.
Vietnam has been tightening internet rules over the last few years, culminating in a cybersecurity law which came into effect in January.
The transport ministry has proposed that ride-hailing cars have a fixed reflective decal bearing the phrase "contracted car" on the right side of thei
The fines are the latest in a crackdown on illegal practices in China's fast-growing ride-hailing industry.
The regulation factors in provisions such as standard minimum fare for motorcycle taxis as well as customer protection and safety.
The move follows local media reports that Crown flouted rules to lure big Chinese gamblers to Australia.
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