Truth in advertising
The Bill was not admired by Big Tech or digital rights orgs. Asia Internet Coalition – a trade org whose members include Apple, Facebook, Google, Amazon, Twitter and more – sent a letter [PDF] to lawmakers last January calling the data localization requirements in the bill "onerous" and asserting cross-border transfer decisions should be free of political interference.
Let's re-read their statement with more truth:
"We don't want political 'interference' in OUR ability to decide how much money we can make; we have no obligation to anyone except ourselves and refuse to spend any money to keep data within localized municipalities if that means we can't do what we damn well please with said data, including illegitimately selling it to the highest bidder."