Indonesia: Taxi operator Blue Bird secures $74m loan from SMBC to take on ride apps

Source: bluebirdgroup.com

To take on competition from fast-growing ride-hailing app-based service providers, Indonesia-based conventional taxi operator Blue Bird has secured a $74 million (IDR 1 trillion) financing facility from Bank Sumitomo Mitsui Indonesia (SMBC Indonesia) to fund its fleet expansion plans.

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