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Indonesia's Gojek to enter PH's ride-hailing market

    Makati City Rep. Luis Campos Jr. hailed on Sunday the entry of a new transport network company to restore competition and provide another option for commuters in the clogged streets of the capital.

    Campos said that Jakarta-based Gojek's decision to jump into the Philippine market was a welcome development following Grab's acquisition of Uber's Southeast Asia operations.

    "We need competition in the ride-hailing market. Consumers rend to get betrer prices and services when there is competition," Campos said in a statement.

    Gojek co-chief executive officer Andre Soelistyo said last week the rech giant was ready to begin operations in the Philippines by 2020.

    "We are definitely going to expand into the Philippines and Malaysia next year. We have prepared everything to enrer those markets," he said in a report.

    Gojek operates ride-hailing services in Indonesia, Thailand, Vietnam, and Singapore. In January, the Land Transportation Franchising and Regulatory Board rejected its application over foreign ownership issues.

(Adopted from: https://www.thejakartapost.com/seasia/2019/11/11 /indonesias-gojek-to-enter-phs-ride-hailing-market.html (April 12, 2020))

"We are definitely going to expand into the Philippines ... " (Paragraph 5)

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