ICC EXPLAINS THE RESULTS OF MONITORING OF PRICES OF STAPLE FOODS IN VARIOUS REGIONS.

Monday, May 3, 2021

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Indonesia Competition Commission (ICC) monitors the prices of staple foods in six regions to prevent potential violations of Law No. 5 Year 1999, especially to know the constraints of distribution barriers in that sector. ICC in general found that it was true that there had been an increase in the prices of staple foods nationally,… [Read More]

ICC AMELIORATES COOPERATION WITH WEST JAVA PROVINCIAL GOVERNMENT AND UNPAD TO BOOST SUPERVISION OF MSME PARTNERSHIP.

Monday, May 3, 2021

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mou | ICC
Indonesia Competition Commission (ICC) ameliorates the supervision of micro, small, and medium enterprises (MSMEs) partnerships in the region of West Java by signing a Memorandum of Understanding with the West Java Provincial Government and Padjadjaran University (UNPAD). The signing of MoU was conducted separately in Bandung, today. This is in line with the needs for… [Read More]

ICC FULFILLS PRESIDENT’S INVITATION CONCERNING EFFORTS TO IMPROVE THE CLIMATE OF NATIONAL BUSINESS COMPETITION.

Monday, May 3, 2021

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Index | ICC
The Leaders of Indonesia Competition Commission (ICC) fulfilled the invitation of the President of the Republic of Indonesia, Joko Widodo, to discuss business competition performance and efforts to improve a sound business competition climate in Indonesia, today at the Merdeka Palace, Jakarta. ICC was represented by ICC Chairman Kodrat Wibowo, ICC Vice Chairman Guntur S.… [Read More]

ICC IMPOSES A SANCTION AGAIN ON TRAVEL CIRCLE INTERNATIONAL (MAURITIUS) LTD..

Monday, May 3, 2021

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Decision | M&A | ICC
Indonesia Competition Commission (ICC) imposed a sanction for the second time this year on Travel Circle International (Mauritius) Ltd., for making a delayed notification again of the share acquisition conducted. This time, the acquistion of shares was conducted to DEI Holdings Limited. For this violation, The Commission Council in its Commission Council Hearing for the… [Read More]

ICC IMPOSES A SANCTION ON PT DHARMA SATYA NUSANTARA TBK AGAIN FOR DELAYED NOTIFICATION.

Monday, May 3, 2021

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Indonesia Competition Commission (ICC) imposed a sanction on PT Dharma Satya Nusantara Tbk (DSNG) for delayed notification of the share acquisition of PT Karya Prima Agro Sejahtera (KPAS). In its today's Commission Council Hearing for the Reading out of Decision, ICC imposed an administrative fine of IDR1,200,000,000 (one billion two hundred million rupiah) on DSNG.… [Read More]

ICC HANDS DOWN A SENTENCE ON PT SARATOGA INVESTAMA SEDAYA, TBK. IN ACQUISITION NOTIFICATION DELAY CASE.

Monday, May 3, 2021

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Decision | M&A | ICC
Indonesia Competition Commission (ICC) sentenced PT Saratoga Investama Sedaya, Tbk. (SRTG) in the form of fine of IDR 1 billion because it had been legally and convincingly proven to make delayeded notification of the share acquisition of PT Wana Bhakti Sukses Mineral (WBSM). The fine was read out in the Commission Council Hearing for the… [Read More]

ICC IMPOSES SANCTION OF IDR1 BILLION ON ORIX CORPORATION.

Monday, May 3, 2021

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Decision | M&A | ICC
Indonesia Competition Commission (ICC) imposed a sanction on Orix Corporation for delayed notification of the acquisition of PT Sinar Mitra Sepadan Finance. The Commission Council in its today's Commission Council Hearing for the Reading out of Decision imposed a sanction in the form of fine of IDR1,000,000,000 (one billion rupiah) on Orix Corporation for such… [Read More]

ICC CALLS LION AIR TO FULFILL ICC’S SUMMONS AS A WITNESS IN THE CASE OF THE SELECTION OF UMRAH TICKET SALES PARTNERS.

Monday, May 3, 2021

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ICC | Hearing
Lion Mentari Airlines (Lion Air) did not fulfill the summons of the Indonesia Competition Commission (ICC) as a witness in the Continued Examination Hearing of Case No. 06/KPPU-L/2020 regarding Alleged Practice of Discrimination of PT Garuda Indonesia (Persero) Tbk in respect of the Selection of the Umrah Ticket Sales Partners to and from Jeddah and… [Read More]