The Business Competition Supervisory Commission (KPPU) has imposed fines on PT Solusi Transportation Indonesia (Grab Indonesia) and PT Telekomunikasi Indonesia (TPI). Both companies are considered to have violated Article 14 and Article 19 of Law Number 5 Year 1999 concerning the Prohibition of Monopolistic Practices and unfair business competition. As a result, Grab is fined for Rp 30 billion consisting …

The current downward trend is happening in global crude oil prices. But this not following by the Indonesian government which hinted that retail fuel prices for certain types of fuel (JBT), subsidized fuel, and specially designed fuels (JBKP) would not be lowered. The decision was noted in the Energy and Mineral Resources Ministerial Decree No. 83 K/12/MEM/2020 inked by Minister …