From a 20% cut down to less than 10%, the Indonesian government is really taking action this time. Does Grab need to rewrite its Southeast Asia narrative?

Grab announced it will adjust its Indonesia business following President Prabowo Subianto's government decision to cap ride-hailing commissions at 8%, down from approximately 20%, according to Bloomberg. The change is expected to primarily affect the company's two-wheel motorbike services in its