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Jakarta Post

Can Indonesia introduce world-class data protection framework?

Jakarta   /   Mon, March 16, 2020   /  11:02 am
Can Indonesia introduce world-class data protection framework? Data matters: A salesgirl holds up her mobile phone to shows a home loan app on her screen during a property expo in Plaza Mandiri, South Jakarta, on Feb. 20. The government has proposed a bill on data protection in response to many reports of the misuse and theft of customer data. (JP/Dhoni Setiawan)

Indonesia has huge potential for global businesses. With a vast local market and plenty of unmet consumer demands, a vibrant start-up community and a local pool of tech talent, the country is perfectly situated for companies to set up their bases here. President Joko “Jokowi” Widodo has laid down ambitious plans for his second term to elevate Indonesia as the world’s fourth or fifth largest economy by 2045. Under his leadership, the government introduced the omnibus bills on taxation and job creation in February 2020 in a bid to simplify investment rules to make it easier to do business in Indonesia while amending the labor laws to attract more investors. On the periphery, however, investors are also considering when and in what form the personal data protection bill will be passed as another factor in evaluating the extent to which they should engage in Indonesia...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.