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Go-jek runs into Filipino regulatory red light

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 app Gojek to operate in key Asean markets this year  LTFRB chairman Martin Delgra said the petition of Go-Jek’s subsidiary, Velox Technology Philippines Inc. was denied for not meeting “the citizenship requirement” while the application was “not verified in accordance with our rules.” “If they want to appeal. That is their option,” Delgra said. The official added that Grab remained the largest ride-hailing firm in the country. ... If you wish to read this full breaking news headline article, Go-jek runs into Filipino regulatory red light, simply click on 'Read full story' below, but 1st please give 'Phuket Hotel Deals' a 'LIKE' or 'SHARE' before you visit 'ASIAN CORRESPONDENT'. Thank you Go-jek runs into Filipino regulatory red light

 

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