TEMPO.CO, Jakarta - Manila’s transportation regulator has said Indonesian transport service provider Go-Jek will expand its business to the Philippines, according to Reuters on Monday, April 23, 2018.
The news surfaced days after Uber Technologies shut its business in the country as part of its decision to withdraw from Southeast Asia.
Aileen Lizada from the Philippines’ Land Transportation and Franchising Regulatory Board [LTFRB] told Reuters Go-Jek executives had called for talks with the regulator next week. Go-Jek, meanwhile, remains non-committal on the rumored expansion bid.
In March, Go-Jek—along with Alphabet Inc, Holdings Ltd Singapore and China Tencent Holdings Ltd—said it would announce its expansion to Southeast Asian countries in the next few weeks.
The move was made weeks after Uber sold its Southeast Asian business to Go-Jek’s competitor, Grab, in light of financial losses in the region.
The LTFRB okayed this week the accreditation of similar companies, viz. Hype Transport Systems Inc, HirNa Mobility Solutions Inc and Golag Inc to spur competition.
The board has also curbed the number of ride-sharing vehicles in the country to 65,000 units for all brands and said it will review the figure quarterly.