Ride hailing startups fight many battles to stay on Jakarta roads
Despite the challenges, they have friends in very high places and a market that is going their way
Jakarta
FIRST there were the police dragnets. Then there were the threats of an outright ban to their business. When those failed, there were protests so violent they brought the capital to a standstill. Most recently there is the spectre of a slow death by a thousand regulatory cuts.
Welcome to the world of ride hailing apps in Indonesia. While their plight in South-east Asia's biggest economy has parallels elsewhere, what's different in Indonesia is that the startups have friends in very high places and a market that is going their way.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Hyundai Motor plans to add hybrids to US plant within current investment
Boeing cargo plane lands in Istanbul without front landing gear, no casualties
Uber shares tumble on surprise net loss, weak second-quarter forecast
New law increases control of ownership, management of critical transport firms in Singapore
Premium for big car COEs tops S$105,000 while that for mainstream cars hovers below S$95,000
Toyota sees 20% full-year profit decline after blockbuster Q4