Philippines Rejects Go-Jek Appeal Against Ride-Hailing License Ban

www.oann.com | 10/27/2018 | Staff
MANILA (Reuters) – Indonesian ride-hailing firm Go-Jek lost an appeal on Tuesday against the Philippines’ decision to refuse to grant it a license due to its failure to meet local ownership criteria, in a major blow to its Southeast Asia expansion plans.

Go-Jek, whose backers include Alphabet Inc’s Google and Tencent Holdings Ltd , had hoped to take on Singapore-based Grab which is the dominant player in the Philippines ride-hailing sector.

“They filed...
(Excerpt) Read more at: www.oann.com
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