Index Company
GoTo
10 CÈ pieces since 21 June 2026: 1 deal, 1 intel item, 8 essays. Newest first. All companies →
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Buying at 23 rupiah while the market pays 50: Morgan Stanley crosses 5% of GoTo
The bank lifted its voting stake from 4.83% to 5.16% across two purchases totalling 87.3 billion rupiah ($4.91 million), as GoTo faces index removal and a proposed 8% cap on ride-hailing commissions.
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Indonesia will set food and courier delivery fees by decree in September.
Perpres 27/2026 took the ojol commission from 20 percent to 8 on 1 July. The regulation due in September prices delivery, turns seven million drivers into MSMEs, and splits enforcement between two ministries.
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Sovereign AI in Southeast Asia (running on Hangzhou’s open weights)
Google says close to seven in ten Southeast Asian prompts now arrive in a local language, and the region has its own models to match; read the model cards and the sovereign part turns out to be the last layer.
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Why SEA founders are building their own models (a worse one that answers beats a better one that can be switched off)
Indosat and GoTo just shipped Sahabat-AI, a small open model built for Bahasa Indonesia. The reason has less to do with performance than with who can switch the rented alternative off.
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Indonesia sentenced Gojek’s co-founder to ten years over a laptop procurement
On 30 June a Jakarta court sent Nadiem Makarim to prison for ten years without finding he took a cent, and the part every Southeast Asian founder should study is how a lawful call became a crime.
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Indonesia capped ride-hailing commission at 8 percent. Founders got no vote.
The inner citadel, and the Labour Day speech in Jakarta that repriced a founder’s business between one morning and the next.
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The commission cap barely dents Grab’s revenue. The market still cut it a third.
Days after Indonesia’s 8 percent cap took effect, Barclays cut Grab’s target to $5 from $7 and Uber’s Dara Khosrowshahi left its board; the number that moved was a belief about who sets the take rate.
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Two of the region’s biggest tech firms just had their margin set by a president
From 1 July, Grab and Gojek take 8 percent of an ojek fare instead of 20, because Prabowo asked them to in a room they could not say no in. The lesson for everyone whose model is a cut of someone else’s transaction is the same.
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Money20/20 finds Southeast Asia the top fintech expansion target for 2026
Nearly 23 percent of senior fintech leaders name Southeast Asia their primary expansion focus, with growth led by bank-fintech partnerships like Grab Financial with Kasikornbank and GoTo with Bank Jago rather than outright disruption.
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Two apps, one landlord (the merger might even help you, briefly)
Grab’s roughly US$7 billion move on GoTo is being read as a stock story and an antitrust story. For the merchant on the platform, it is a story about who owns the channel.