AirAsia buys Gojek s Thai business
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B1.61bn deal to give rise to super app war
published : 8 Jul 2021 at 05:44 Talks between AirAsia and Gojek began around two months ago. (Photo: Seksan Rojjanametakul)
AirAsia is aiming to use its strong network in Thailand to speed up the growth of Gojek in the country and put the loss-ridden service on the path towards profit within one year via upcountry expansion, starting with three key provinces in the fourth quarter.
The group s plan is to boost revenue from digital services to 50% within five years, which will become easier after it agreed to acquire the unit from Indonesia s delivery giant via a share deal worth US$50 million (1.61 billion baht).
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BANGKOK (eTN) – Climate changes due to rising temperatures continue to have a severe impact on many Southeast Asian countries. Much like the Philippines and Vietnam are regular victims of typhoons, and repeated earth tremors and volcanic eruptions occur in Indonesia, Southern Thailand braces regularly for flooding. In September 2010, massive flash flooding severely hit Hat Yai, Thailand’s largest city in the deep south. Continuous rain completely devastated the city center. Over the last ten days, torrential rains translated into heavy floods again in the southern provinces. According to reports from the Prime Minister’s office, 11 Southern Thai provinces are now affected with some of the country’s most prominent tourism areas also affected. Mudslides occurred in Phang Na, Phuket, and Krabi with many villages destroyed and claiming many victims. Rain was easing in the area over the week end.
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