Indonesia Investments updated the company profile of Indonesia’s largest taxi operator. Blue Bird - the dominating market leader in Indonesia’s taxi services market - recently conducted an IPO on the Indonesia Stock Exchange, raising IDR 2.4 trillion (USD $200 million) by selling around 14 percent of its enlarged share capital. With an expanding population, a rapidly growing middle class, a low taxi penetration ratio, an urbanizing society, and lack of decent public transportation, demand for taxi services has been growing in Indonesia.
Update COVID-19 in Indonesia: 1,769,940 confirmed infections, 49,205 deaths (22 May 2021)
7 June 2021 (closed)
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