MANILA/JAKARTA -- Regulators in the Philippines have rejected Go-Jek's bid to offer ride-hailing services in the country because it would violate foreign ownership regulations.
The decision is a blow to the Indonesian ride-hailing operator's regional expansion and its bid to challenge its Singapore-based arch rival, Grab, in Southeast Asia. The ruling enables Grab for the time being to consolidate its position as the dominant ride-hailing operator in the Philippines.
