Indonesia Considers Regulations on Social Media E-commerce
Indonesia's President Joko Widodo has announced that the country may issue regulations this week regarding the use of social media for e-commerce.
The move aims to address concerns about the impact of online sellers using predatory pricing on social media platforms, which is seen as a threat to offline markets in Southeast Asia's largest economy.
President Widodo emphasised the need for technology to create new economic potential without harming existing economies. The specific details of the regulation have not been disclosed, but it is being formulated by the trade ministry.
Indonesia is considering regulations on the use of social media for e-commerce.
The move is intended to address concerns about predatory pricing and its impact on offline markets.
President Widodo emphasised the importance of technology creating new economic potential without harming existing economies.