Photo of Ho Ching from Alamy Stock Photo

After losing more than S$642 million in the Uber deal, Singapore’s state-owned transport operator ComfortDelgro is currently in talks with Indonesia’s ride-hailing application Go-Jek. The news was broke by online publisher Techcrunch contributed by an anonymous whistleblower, and when contacted for comments, the two companies did not deny the discussions.

According to state media Straits Times, Go-Jek had just set up an office in Singapore to hire data-scientists and planning to start operations in Singapore. There is currently only one ride-hailing operator in Singapore, Grab.

ComfortDelgro was played out by Uber after Uber sold it’s South East Asian operations to Grab, less than 3 months after it sold it’s Singapore rental unit, Lion City Rental, to the Temasek Holdings-owned company.

ComfortDelgro is indirectly owned by the CPF funds manager, whose CEO is the PM’s wife Ho Ching, through a number of subsidiaries like DBS bank. State media like Mothership initially issued multiple fake news claiming that no CPF funds is lost because Temasek Holdings is not a direct owner of ComfortDelgro, but stopped after States Times Review counter-presented a list of ComfortDelgro’s major shareholders.

Go-Jek is Indonesia’s biggest ride-hailing application, and is a local homegrown company.