ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Sharing Economy

Go-Jek and Grab put squeeze on major Indonesian taxi operator

Listed company Express faces falling sales and delays bond-interest payments

The disruption caused by ride-hailing services has put taxi companies in Indonesia into financial difficulties. (Photo by Shinya Sawai)

JAKARTA -- Sales at Express Transindo Utama have plummeted as Indonesia's second-largest taxi operator struggles to contend with the emergence of ride-hailing services Go-Jek and Grab. 

The figure for 2017 dropped to a third of its level in 2015, and earlier this year it emerged that the company had postponed bond-interest payments.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more