In brief: Go-Jek expects to enter Singapore next month

Indonesian ride-hailing firm Go-Jek has roped in half a dozen car-rental firms to supply vehicles and sign on drivers in preparation for a Singapore launch set for next month.

The Straits Times understands that the Grab rival – whose investors include state investment firm Temasek and internet giant Google – will enter the market solo.

Source: The Straits Times

Last month, the Competition and Consumer Commission of Singapore fined Grab and Uber a combined US$9.5 million after finding that the merger of their regional operations infringed antitrust rules. The regulator also directed Grab to release its estimated 70,000 drivers from any exclusivity agreements, allowing them to simultaneously work for other ride-hailing platforms.

Go-Jek welcomed the decision, saying in a statement that it was “now confident that Singapore will have a robust, efficient, and competitive market, and that our arrival will have a significantly positive impact.”