GoTo Group
Grab to retool in Indonesia after abrupt cut in ride-hailing commissions
Indonesia is South-east Asia’s biggest ride-hailing market, with millions of drivers relying on app-based transport and delivery services
Indonesia’s fee cap threatens ride-hailing profits, clouds outlook for Grab, GoTo
Analysts say the policy could dampen investor sentiment – just as ride-hailing firms are beginning to turn a profit
Indonesia to cut ride-hailing companies’ maximum commission taken from drivers to 8%
[JAKARTA] Indonesia will cut the caps on the commissions that ride-hailing companies take from drivers for each trip to 8 per cent from 20 per cent, President Prabowo Subianto said on Friday in Jakart...
GoTo posts first-ever net income after cost cuts bear fruit
Fintech growth outpaces on-demand services as high oil prices curb commuting and food delivery demand
Grab’s new acquisition in Taiwan could further delay a deal for Indonesia’s GoTo
All attention is likely on issues related to the recent purchase plans
Mobility, delivery firms take different tacks in helping riders, drivers tackle fuel spikes in South-east Asia
Petrol prices have spiked since the start of the Iran conflict
GoTo earnings forecast tops estimates after cost reductions
Growth cooled from its breakneck pace as the firm pivots to focus on profitability
Grab-GoTo deal hits snag caused by state-backed holder’s stake
Potential regulatory opposition and differences in perceived valuation have caused delays in the discussions
Hans Patuwo gets GoTo shareholders’ nod as CEO amid investor push for Grab deal
He takes over from Patrick Walujo with immediate effect
GoTo’s rebound hinges on shareholder vote as Grab merger eyed
The company’s stock has risen about 20% in Jakarta so far this quarter
