KPPU Hopes for Market Reform

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  • Komisi Pengawas Persaingan Usaha. TEMPO/Amston Probel

    Komisi Pengawas Persaingan Usaha. TEMPO/Amston Probel

    TEMPO.CO, Jakarta - Commission for the Supervision of Business Competition (KPPU) expressed its intention to promote healthy business competition. KPPU asserted that currently, business competition in Indonesia is not in favor of small businesses.

    KPPU Chairman Muhammad Syarkawi Rauf said that during the 1997 to 1998 period, Indonesian economy adopted monopoly principles. Meanwhile in the present day, the economy has entered a period of oligopoly where two to three major companies regulate prices for certain commodities.

    "We want to encourage the market to create new business players in the industrial sector," Syarkawi said on Friday, September 18, 2015.

    Syarkawi said that bringing in new players in the industrial sector could increase economic productivity. In addition, new players will also result in fresh competition.

    Syarkawi explained that the KPPU will take several measures to encourage market reformation. The measures include encouraging President Joko “Jokowi” Widodo to deregulate policies considered to hamper the development of new business players. Another measure would involve a review on regulations and policies made by the government.