Indonesia may issue regulations on social media e-commerce this week

Indonesian President Joko Widodo speaks during a news conference after the closing of the 43rd ASEAN Summit in Jakarta, Indonesia, September 7, 2023. REUTERS/Willy Kurniawan/File photo

JAKARTA: Indonesia may issue on Tuesday a regulation on the use of social media to sell goods in the country, President Joko Widodo said, a move intended to quell threats to offline markets in Southeast Asia's biggest economy.

Ministers have repeatedly said that e-commerce sellers using predatory pricing on social media platforms are threatening offline markets in Indonesia, with some officials specifically citing the video platform TikTok as an example.