Bloomberg Go-Jek, Indonesia’s first billion-dollar tech startup, has a ‘set plan’ to become a listed company, Chief Executive Officer Nadiem Makarim said. “We are definitely going to IPO,” Makarim said at Bloomberg’s Year Ahead Asia Conference in Jakarta on Wednesday. The initial public offering is expected “hopefully within the next few years,” he said. Jakarta-based Go-Jek, backed by investors including ...

Bloomberg PT Blue Bird Group, Indonesia’s largest taxi operator, said conventional modes of public transport such as taxis still have room to grow even with the increasing popularity of new ride-hailing applications. “People still need to have a safe, reliable and good value kind of public transport,” said President Director Noni Purnomo in Jakarta. “At the end of the day, ...

Bloomberg The tide is turning against multinational brands, which have been losing market share to local products not just in Asia’s emerging markets but also in the US and Europe, according to Anglo-Dutch consumer goods giant Unilever NV. “Consumers are changing, not craving for global brands just for the sake of it,” said Hemant Bakshi, president director of Unilever Indonesia, ...