Retail in Asia

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BKPM eyes foreign ownership expansion in c-commerce

Foreign ownership of online marketplace platforms, such as Tokopedia and motorcycle taxi app Go-Jek, is under review by the Indonesian government with an eye on expansion, a top official said.

Foreign ownership of online commerce companies is currently banned in Indonesia – a regulation likely to be revised next year as part of the government’s efforts to foster growth in the country’s digital ecosystem.

Franky Sibarani, chief of Indonesia’s Investment Coordinating Board (BKPM), said the government will also place more emphasis on correctly categorizing e-commerce firms and businesses which operate online marketplace platforms.

(Source: Jakarta Globe )