Top Stories
Top Stories
Tech

Philippines regulator rejects Go-Jek's application to start a ride-hailing service in the country

Key Points
  • The Philippines' transport regulator has rejected the application of Indonesia's Go-Jek to launch a ride-hailing service in the country due to foreign ownership issues, a government official said on Wednesday.
  • The Land Transportation Franchising and Regulatory Board (LTFRB) denied the petition of Go-Jek's subsidiary to become the newest ride-hailing service in the Southeast Asian nation, the regulator's chairman, Martin Delgra, told Reuters.
  • Go-Jek did not immediately respond to request for comments. 
Dimas Ardian | Bloomberg | Getty Images

The Philippines' transport regulator has rejected the application of Indonesia's Go-Jek to launch a ride-hailing service in the country due to foreign ownership issues, a government official said on Wednesday.

The Land Transportation Franchising and Regulatory Board (LTFRB) denied the petition of Go-Jek's subsidiary to become the newest ride-hailing service in the Southeast Asian nation, the regulator's chairman, Martin Delgra, told Reuters.

Velox Technology Philippines, a unit of Go-Jek, "did not meet the citizenship requirement and the application was not verified in accordance with our rules," Delgra said.

Go-Jek, which counts Tencent Holdings and JD.com as investors, did not immediately respond to request for comments.