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Market Chatter: Indonesia to Slash Ride-Hailing Firms' Maximum Commission

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-- The Indonesian government is planning to increase the revenue share of driver partners at ride-hailing companies to at least 92% from 80%, Reuters reported May 1, citing President Prabowo Subianto.

The move will reportedly materialize by cutting companies' commission per ride obtained from drivers to 8% from 20%.

Prabowo signed a presidential regulation for the new commission cap but did not specify when it would become effective, according to the report.

The ride-hailing firms will also be mandated to provide accident and health insurance to their drivers, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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