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Facebook gets initial approval to set up local unit in Indonesia: source

JAKARTA: Facebook has received an in-principle approval to set up a domestic unit in Indonesia, said a senior government source from the Southeast Asian nation, home to the social networking giant's fourth-largest user base. Indonesia has been pushing multinational technology firms to be locally incorporated, arguing that companies such as Alphabet's Google set up small business entities to provide "auxiliary" services and get away with minimal taxation, while booking most of their revenue from the country elsewhere. In…