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Go-jek runs into Filipino regulatory red light

25 9 24

THE Philippines on Wednesday rejected an application from Indonesian-based ride-hailing startup Go-Jek to launch its service in the country due to foreign ownership issues, a government official said.

The Land Transportation Franchising and Regulatory Board (LTFRB) move puts a wrench in the company’s plan to corner a bigger share of the Southeast Asias ride-hailing market, currently dominated by rival Singapore-based Grab, according to Reuters.

SEE ALSO: Indonesian ride-hailing........

© Asian Correspondent