Indonesian President Prabowo announces the reduction of ride-hailing commission limits to below 10% (prev. 20%)

Indonesian President Prabowo's announcement of reducing ride-hailing commission limits from 20% to below 10% could significantly impact the profitability of ride-hailing companies operating in the region. This regulatory shift indicates a move towards more favorable conditions for consumers, but it may pressure shares of major platforms like Gojek and Grab, prompting analysts to reassess their business models in light of decreased revenue from commissions.