SEA Weekly - Episode 10: The 8% Decree — When the State Becomes Your Platform's Largest Stakeholder
Indonesia capped ride-hailing commissions at 8% on May Day — a 60% drop in platform revenue per trip — while sovereign wealth fund Danantara simultaneously holds stakes in the companies bearing the shock. The state that sets the price is also a co-owner of the business that has to live with it. Miguel Santos and Chloe Tan join host Emily Chen to unpack why this is industrial policy, not labor policy; what the Pertamina model applied to platforms means for every FDI model in Southeast Asia; and why the 8% decree may paradoxically be the best thing that ever happened to GoPay and OVO. Trust…
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