PUTTING AN EMPHASIS ON PREVENTION, ICC SUGGESTS THE MINISTRY OF SOEs TO RESCIND THE RULES ALLOWING THE HOLDING OF CONCURRENTLY TWO POSITIONS.

Monday, May 3, 2021

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Indonesian Competition Commission (ICC) has thoroughly observed and examined the rules of the Ministry of State-Owned Enterprises (SOEs) allowing the holding of concurrent positions among the Boards of Commissioners or the Supervisory Boards of SOEs and the Boards of Commissioners of Companies other than SOEs. This has been provided for in Regulation of the Minister… [Read More]

ICC IMPOSES SANCTION WORTH IDR1.5 BILLION ON TAIKO PLANTATIONS PTE. LTD.

Monday, May 3, 2021

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Indonesia Competition Commission (ICC) imposed sanction on Taiko Plantations Pte. Ltd. for a delay in the notification of the acquisition of shares it did of PT Putra Bongan Jaya. In its Commission Council Hearing for the Reading Out of Decision today, ICC imposed a sanction in the form of fine worth IDR1,500,000,000 (one billion and… [Read More]

COMMERCIAL COURT CONFIRMS DECISION OF ICC ON PT. CONCH SOUTH KALIMANTAN CEMENT.

Tuesday, March 9, 2021

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(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… [Read More]

ICC APPROVES APPLICATION FOR THE RELAXATION OF LAW ENFORCEMENT FOR DELAYED NOTIFICATION OF THE ACQUISITION OF JEBSEN & JESSEN PACKAGING OF PT INDO TIRTA ABADI.

Tuesday, March 9, 2021

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M&A | ICC
(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. This has been based on Regulation of ICC No. 3… [Read More]

ICC AND USDOJ HELD A SERIES OF VIRTUAL WORKSHOP ON COMPETITION LAW ENFORCEMENT.

Friday, March 5, 2021

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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… [Read More]

ICC’S RESULT OF STUDY ON THE DETERMINATION OF RELEVANT MARKET IN LAW ENFORCEMENT IN THE DIGITAL ECONOMY SECTOR.

Friday, March 5, 2021

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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… [Read More]

ICC WILL GIVE INPUT ON THE DRAFT GOVERNMENT REGULATION ON POST, TELECOMMUNICATIONS, AND BROADCASTING IN THE FIELD OF BUSINESS COMPETITION IN TELECOMMUNICATIONS SECTOR.

Friday, March 5, 2021

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ICC takes part in observing the process for preparing Draft Government Regulation as the implementing regulation of Law No. 11 Year 2020 regarding Job Creation, especially with regard to the amendment to Law No. 36 Year 1999 regarding Telecommunications in post, telecommunications, and broadcasting sectors. This is conducted in line with the existence of some… [Read More]

ICC ANNOUNCES THE RESULT OF BUSINESS COMPETITION INDEX FOR YEAR 2020.

Friday, March 5, 2021

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Index | ICC
The Indonesia Competition Commission (ICC) found that the Business Competition Index (IPU) in Indonesia for year 2020 had decreased from 4.72 points in 2019 to 4.65 points in 2020. IPU is a comprehensive measurement of the level of business competition in providing indications of whether a sector or a certain region has a high or… [Read More]