MANILA, Philippines — Indonesia-based ridesharing company Go-Jek is seeking to enter the Philippines’ transport network vehicle service market and challenge Grab, just weeks after Uber departed from Southeast Asia. According to a report by DZMM radio on Tuesday, the Land Transportation Franchising and Regulatory Board, or LTFRB, had a meeting with Go-Jek officials who “signified their intention” to have a bite of the Philippines’ ride-hailing market. Established in 2010, Go-Jek provides a wide-range of services including transportation, logistics, mobile payments and food delivery, among others. In March, Singapore-based ride-hailing firm Grab announced it bought Uber’s ridesharing and food delivery business in Southeast Asia. The Philippine Competition Commission, which launched a review of the tie-up, estimates that Uber’s withdrawal would give Grab 93.22 percent shares of the Philippines’ ride-hailing market.

Source: Philippine Star May 08, 2018 07:18 UTC