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News For 27 Sept 2023
News For 27 Sept 2023
Picking on TikTok?
TikTok has come under the spotlight yet again. Top government officials have
accused the video-hosting platform of predatory pricing and monopolistic
practices that have inflicted losses to many brick-and-mortar shops in Jakarta’s
major textile hub Tanah Abang and micro, small, and medium enterprises across
the country. As a result, the government is thinking about revising the trade laws
to ban social commerce or selling and buying goods via social media platforms.
As all institutions and individuals stand equal before the law and must therefore
abide by it, TikTok and other technology companies are subject to regulations. Fair
regulations ensure sustainable business practices as well as stimulate economic
growth and welfare distribution in the country.
That’s the news for today. Thank you for your attention, and have a nice day.