Facebook has been granted "in-principle approval" for a domestic unit in Indonesia, according to Sri Widowati, chairman of Indonesia’s investment coordinating board, Badan Koordinasi Penanaman Modal (BKPM). Indonesia’s ministry of communications and BKPM are yet to decide what form of business unit Facebook can establish, but a Perseroan Terbatas, or limited liability company, is a possibility. Thomas Lembong was appointed by the social media giant last year to head their business endeavours in Indonesia.
Facebook has been granted "in-principle approval" for a domestic unit in Indonesia, according to Thomas Lembong, chairman of Indonesia’s investment coordinating board, Badan Koordinasi Penanaman Modal (BKPM). Indonesia’s ministry of communications and BKPM are yet to decide what form of business unit Facebook can establish, but a Perseroan Terbatas, or limited liability company, is a possibility. Sri Widowati was appointed by the social media giant last year to head their business endeavours in Indonesia.