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Indonesian Gov’t to Set Online Motorbike Tariff This Week

JAKARTA (TheInsiderStories) - Indonesian Government to announce the basic tariff for online motorcycle taxi service providers this week, said one official last week. Transportation ministry' director Ahmad...

Indonesia’s Astra Raised Investment in GO-JEK

JAKARTA (TheInsiderStories) – Indonesia conglomeration company, PT Astra International Tbk (IDX: ASII) increasing its investment participation in multi-platform provider GO-JEK with worth of US$100...

Blue Bird Sets Capex of US$107M in 2019

JAKARTA (TheInsiderStories) – Indonesian taxi operator, PT Blue Bird Tbk (IDX: BIRD) prepared capital expenditure (capex) of Rp1.5 trillion (US$ 107.14 million) for this...

Indonesia’s GO-PAY Transactions Reached US$6.3B in 2018

JAKARTA (TheInsiderStories) - Indonesian digital payment provider, GO-PAY usage transactions reached US$6.3 billion throughout 2018, said the company in official statement. The transaction was...

Indonesia’s GO-JEK Acquires Philipines Coins for $72 Million

JAKARTA (TheInsiderStories)- Indonesia' ride-hailing provider, GO-JEK announced it has acquired Philippines financial technology company Coins.ph. The deal is officially undisclosed, but some observer estimating...

Indonesia Revises Online Transportation Rule

JAKARTA (TheInsiderStories) - Indonesian Ministry of Transportation released a new order about online transportation, stated in Ministry Regulation Number 118 Year 2018 concerning of the Special...

Insight: Ride-hailing, from Automotive Producer Glance to Complicated Rule

 JAKARTA (TheInsiderStories) – Indonesia's ride-hailing companies continue to make significant strides. In addition to government encouragement, the new business had large capital investment from...

Morning Briefing: Rupiah, JCI, Advance amid Lower Fed Rate Projection

JAKARTA (TheInsiderStories) — Good morning! The Rupiah upswung by 0.83 percent to 14,408 per US dollar, affected by lower United States’ Federal Reserves (Fed) rate...

Indonesia’s GO-JEK Partnering with DBS to Enter Singapore’s Market

JAKARTA (TheInsiderStories) -- GO-JEK, an Indonesian ride-hailing provider joined forced with DBS Bank to enter Singapore' market. The two companies will work together on payment...

Go-Jek, East Ventures Invests in Indonesia’s Media Company

JAKARTA (TheInsiderStories) - Two Indonesian private equity firms invested in local online media as part of its expansion into online content, it said. Go-Ventures, unit...

Indonesia GO-JEK Kicks Off SEA Expansion with Go-Viet

JAKARTA (TheInsiderStories) – GO-JEK, an Indonesia ride-hailing and on-demand apps joined launched Go-VIET in Vietnam today (01/08) and in September to operate GET in Thailand,...

Indonesian GO-JEK Confirms to Launch International Expansion

JAKARTA (TheInsiderStories) – GO-JEK, an Indonesian ride-hailing provider has confirmed that it is to invest US$500 million in its international expansion strategy. The operator expect...

Indonesia Go-Jek Prepares US$500M to Enter SEA Market

JAKARTA (TheInsiderStories) - Indonesia's on-demand services and ride-hailing company Go-Jek announced that it will invest about US$500 million to enter into four new markets...

Indonesia’s Astra Getting More Aggressive This Year

JAKARTA (TheInsiderStories) - Indonesia's conglomeration company PT Astra International Tbk (IDX: ASII) more aggressively to expand their business and seeking various opportunity in the...

Allianz X Invests $35 Million in Ride Hailing Platform GO-JEK

JAKARTA (TheInsiderStories) – Allianz X, the digital investment arm of the Allianz Group, has announced a $35 million investment in Indonesian ridehailing platform GO-JEK,...

Grab, Uber’s Deal Under Antitrust Scrutiny in Indonesia

JAKARTA (TheInsiderStories) - Indonesia's Business Competition Supervisory Commission said it will scrutinize Grab's business over prospects of monopoly after the Singapore-based technology company acquired acquired...

Grab’s Plans After Acquiring Uber’s SE Asia Business

JAKARTA (TheInsiderStories) - Southeast Asia's largest ride-hailing operator on Grab on Friday (06/04) unveiled its future plans in Indonesia after acquiring South-east Asia business of...

New Online Transportation Policy Out in May

JAKARTA (TheInsiderStories) - Indonesian Government is currently drafting the new regulation on the change of ride-hailing companies into public transportations. The new regulation its expected comes...

Ride Hailing Apps Must Register as Transport Companies in Indonesia

JAKARTA (TheInsiderStories) – Indonesia is making it mandatory for ride-hailing applications providing four-wheeled-vehicle rides to register as transport companies within two months, as the...

Express Taxi Denies Rumor on Acquisition by Go-Jek

  JAKARTA (TheInsiderStories) - Taxi operator PT Express Transindo Utama Tbk (IDX:TAXI) finally clarifies that as of today there was no acquisition plan offered by...

Indonesia’s Go-Jek Considers Dual Listing

JAKARTA (TheInsiderStories) - Indonesian ride-hailing service, Go-Jek, is considering an Initial Public Offering (IPO) with a dual-listing scheme in Indonesia and at an overseas stock market, according...

Indonesian Go-Jek Raises US$1.5 Billion Funding

JAKARTA (TheInsiderStories) - Go-Jek, an Indonesian ride-hailing company has raised US$1.5 billion in venture capital funding from investors included Google and Blackrock. After the deals...

Go-Jek to Launch Bike-Taxi Services in India

JAKARTA (TheInsiderStories) - Indonesia's ride-sharing operator Go-Jek is planning to launch its bike-taxi service in India in the second half of 2018, people aware...

Astra International Invests US$150M in Go-Jek

JAKARTA (TheInsiderStories) - PT Astra International Tbk (IDX:ASII), the country's largest automotive company, confirmed on Monday (12/01) that it has agreed to invest US$150 million...

Astra-Djarum Reported Involve in Next Funding Round in Go-Jek

JAKARTA (TheInsiderStories) - As if not wanting to be left behind by foreign investors, Indonesian players have finally joined in, injecting jumbo funds into...

Google Confirms Investment in Go-Jek

JAKARTA (TheInsiderStories) - Internet giant company, Google, has confirmed its plan to invest in Indonesia ride-hailing service Go-Jek, aiming to support and participate in...

Replicating Sharing Economy in Transportation toward Other Sectors  

  JAKARTA (TheInsiderStories) – The growth of the internet and other technology has stimulated the evolution of a sharing business model, most apparently in transportation...

Why Does Indonesia Need to Embrace ‘Sharing Economy’?

JAKARTA (TheInsiderStories) – What is known as the ‘sharing economy’ began to gain popularity in Indonesia from 2013, marked by the entry of ride-sharing...

Red Light from Bank Indonesia about Go-Jek Fin-tech Expansion

JAKARTA (TheInsiderStories) - Go-Jek, Indonesia’s biggest ride-hailing firm, has been ordered to wait for permits issued by Bank Indonesia before it can go through...

GO-JEK Acquires Three Fintech Firms to Strengthen GO-PAY Businesses

Cementing Leadership in Indonesia's Fast Growing Payments Market JAKARTA (TheInsiderStories) - GO-JEK,Indonesia’s mobile on-demand services and payment platform, has acquired three leading financial technology (fintech) businesses in...