TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

KPPU to remain independent business watchdog: Minister

News Desk (The Jakarta Post)
Jakarta
Wed, July 11, 2018 Published on Jul. 10, 2018 Published on 2018-07-10T16:38:03+07:00

Change text size

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
KPPU to remain independent business watchdog: Minister Trade Minister Enggartiasto Lukita (JP/Anton Hermansyah)

T

rade Minister Enggartiasto Lukita says the government will maintain the current function of the Business Competition Supervisory Commission (KPPU) as the country’s independent business watchdog.

The minister’s statement was made in accordance with the ongoing revision of Law No. 5/1999 on business competition and anti-monopoly, which is being prepared by the Trade Ministry.

“The KPPU needs to remain independent because it’s the watchdog of business competition,” Enggartiasto said after meeting with KPPU commissioners in Jakarta on Tuesday.

The revised law aims to strengthen the institution and authority of the KPPU in dealing with unhealthy business competition and business monopoly practices.

It is expected to also introduce several changes including the new definition of business players and mergers of business entities.

Enggartiasto said there was no article in the bill that stipulated the KPPU was under the control of the ministry, instead, the commission would be under the supervision of the President.

He promised that KPPU commissioners would be involved in preparing the draft law, which was being prepared by a team whose members consisted of representatives of the government and the House of Representatives Commission VI overseeing trade, among others.

“A working committee will invite KPPU [commissioners] to provide input to the committee,” Enggartiasto said. (bbn)    

 

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.

Share options

Quickly share this news with your network—keep everyone informed with just a single click!

Change text size options

Customize your reading experience by adjusting the text size to small, medium, or large—find what’s most comfortable for you.

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

Continue in the app

Get the best experience—faster access, exclusive features, and a seamless way to stay updated.