Results for "ride-hailing"
2 articlesIndonesia caps ride-hailing commission fees at 8% in ‘radical correction’ of sector
Indonesia is implementing an 8% cap on ride-hailing commission fees under President Prabowo Subianto, with the government acquiring stakes in platforms like Gojek and Grab. The policy aims to increase driver earnings and is positioned as a significant intervention in Southeast Asia's ride-hailing sector, with implications for a large labor force that analysts view as politically influential.
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AI helps Singapore’s Grab woo tough Southeast Asian crowd, exceed expectations
Grab, Southeast Asia's largest ride-hailing and delivery platform, reported first-quarter profits exceeding analyst expectations despite regional economic and political headwinds. The company attributes growth to AI-powered superapp features and service bundling across ride-hailing, delivery, and financial services.
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