(4th of March) Commercial Court at the Central Jakarta District Court has today confirmed the decision of the Indonesia Competition Commission (ICC) with regard to the objection lodged to Case No. 03/KPPU-L/2020 regarding the Violation of Article 20 of Law Number 5 Year 1999 in the sales of Portland Composite Cement (PCC) type in the region of South Kalimantan by PT. Conch South Kalimantan Cement (CONCH).

Tuesday (3/2), the Indonesia Competition Commission (ICC) together with the United States Department of Justice (US DOJ) held the last part of a Series of Virtual Workshop on Competition Law Enforcement. This activity is a platform to learn about how the US DOJ conducts investigations on certain competition issues, as well as to share their case examples.

(1st of March) Indonesia Competition Commission (ICC) has relaxed the notification of merger and acquisition by approving the application for relaxation on the delayed notification filed by Jebsen & Jessen Packaging (S) Pte. Ltd. (J&J) for the acquisition of shares of PT Indo Tirta Abadi.

Indonesia is currently on the right track to become one of the largest markets in Southeast Asia. At this moment, the value of Indonesia’s digital economy reaches USD44 billion in 2020, an increase of 11% as compared to that of 2019 and it is predicted that by 2025, the valuation of Indonesia’s digital economy will reach USD124 billion and will become the country with the largest digital economy valuation in Southeast Asia.

(9 June 2020)

1. The AEGC notes the significant negative impact of the COVID-19 pandemic
on ASEAN and the global economy…