Indonesia Tightens Rules on Tiktok Shop Operations

Indonesia Tightens Rules on Tiktok Shop Operations

The Indonesian government has introduced new regulations restricting payment transaction functions on social commerce platforms and requiring data isolation, posing a risk of business 'separation' for TikTok Shop Indonesia. This move stems from concerns about data security and fair market competition. TikTok is actively responding, with CEO Shou Zi Chew traveling to Indonesia for negotiations, and sellers launching support campaigns. Businesses expanding overseas need to be wary of political risks, diversify their strategies, and operate in compliance to ensure steady development in complex environments.

12/30/2025 Logistics Industry Insights
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Indonesias Tiktok Shop Ban Leaves Sellers in Crisis

Indonesias Tiktok Shop Ban Leaves Sellers in Crisis

The Indonesian government's ban led to the closure of TikTok Shop, causing difficulties for millions of sellers and a 60% drop in sales. While the policy aims to protect brick-and-mortar businesses, it significantly impacts SMEs reliant on social commerce. Experts point out regulatory loopholes in TikTok Shop, allowing sellers to bypass tax laws through low-price competition. Authorities suggest transitioning to other platforms, but this poses challenges. This event serves as a warning for overseas sellers to operate compliantly and diversify risks.

02/11/2026 Logistics Industry Insights
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Guide to Secure SWIFT Transfers to CIBC

Guide to Secure SWIFT Transfers to CIBC

This article discusses the SWIFT/BIC code CIBCCATTMPS of the Canadian Imperial Bank of Commerce, emphasizing its importance in international remittances to ensure that funds reach the recipient's account safely and efficiently. It also provides additional key considerations to keep in mind when making remittances.

08/12/2025 International Settlement
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SWIFT BIC Codes Vital for International Banking

SWIFT BIC Codes Vital for International Banking

This article provides an in-depth analysis of the SWIFT/BIC code structure for BANK OF COMMERCE AND DEVELOPMENT (L.J.S.C.). By examining its components, it highlights the significance of this code in international financial transactions and underscores the necessity of enhancing transaction security and efficiency.

08/21/2025 International Settlement
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