World

TikTok granted e-commerce business licence in Indonesia

Social network TikTok has been granted an e-commerce business licence by the Indonesian Ministry of Trade, the country’s Minister of Communication and Information Budi Arie Setiadi said on September 21.
TikTok granted e-commerce business licence in Indonesia ảnh 1The logo of TikTok (Photo: Xinhua/VNA)
Jakarta (VNA) – Social network TikTok has beengranted an e-commerce business licence by the Indonesian Ministry of Trade, thecountry’s Minister ofCommunication and Information Budi Arie Setiadi said on September21.

He expressed his hope that this social commerce platform willcomply with laws of Indonesia and help boost the local economy.

Budi Arie noted he has asked TikTok, which replied that they already had an e-commercepermit as of July, so nothing has been violated according to the applicable law.

However, he said thegovernment must first study this matter, and that TikTok is combining socialmedia and e-commerce.

The minister added e-commerce and social media arebeing blended, and that is technological progress.

Meanwhile, Indonesian Minister of Cooperatives and Small and MediumEnterprises Teten Masduki held that TikTok Shop has disrupted thedomestic market.

He also suspected thepractice of predatory pricing as imported goods are sold at very low prices.Consequently, products of local micro, small and medium enterprises become lesscompetitive./.
VNA
#TikTok#Indonesia#e-commerce#social media#Indonesian Ministry of Trade#social network#Vietnamplus#Vietnam News Agency
Follow VietnamPlus

Related News

New e-commerce trend popular in Thailand

New e-commerce trend popular in Thailand

Shoppertainment, where content and commerce converge on a platform, has become the next era of online commerce, expected to be worth 1 trillion USD across Asia-Pacific by 2025, said Sirinit Virayasiri, head of business marketing for Thailand TikTok.

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.