Indonesia’s Go-Jek eyes Philippine expansion, to meet transport regulator

FILE PHOTO - A driver and passenger ride on a motorbike, part of the Go-Jek ride-hailing service, on a busy street in central Jakarta, Indonesia December 18, 2015. REUTERS/Darren Whiteside/File Photo

Indonesian ride-hailing and online payment company Go-Jek is looking to expand into the Philippines, Manila’s transport regulator said on Friday, just days after Uber Technologies Inc shut down its local business as part of its exit from Southeast Asia.

Go-Jek executives have requested for a meeting with the regulator next week, Aileen Lizada, a board member at the transport regulator, told Reuters.

A Go-Jek spokesman declined to comment.

Reuters reported in March that Go-Jek, which counts Alphabet Inc, Singapore’s Temasek Holdings Ltd and China’s Tencent Holdings Ltd as investors, was set to announce its first expansion to another country in Southeast Asia in the “next few weeks.”

The move comes weeks after Uber sold its loss-making Southeast Asia business to regional rival Grab, and just days into Uber’s exit from the Philippines, to the dismay of the riding public that has complained of higher fares, longer waiting time and picky drivers.

The Philippines’ transport regulator this week approved the accreditation of homegrown ride-hailing companies Hype Transport Systems Inc, HirNa Mobility Solutions Inc and Golag Inc to spur competition.

The country’s transportation agency caps the number of ride-sharing vehicles at 65,000 across all brands and reviews the figure every three months.

Reuters

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.