Licensed cab operators and rentals in Indonesia will face a cash
crunch and must scale back fleets next year, as rigid regulation
limit their price competitiveness against ride-sharing apps, Fitch
Ratings said on Wednesday.
"Demand for taxis and rental cars is already slowing due to
weaker economic growth, and the growth of ride-sharing apps, such as
Uber, Go-Jek and Grab Bike, has intensified competition in the
transportation market," analysts at Fitch Ratings said in a statement.
Showing posts with label Fitch Says. Show all posts
Showing posts with label Fitch Says. Show all posts
Thursday, 3 December 2015
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