Assegaf Hamzah & Partners
9 Experts
2 Contributions by Assegaf Hamzah & Partners
PRACTICE NOTES
Updated in March 2025
Introduction
The Republic of Indonesia, home to an estimated 285.7 million people in 2025, continues to be Southeast Asia’s biggest economy and a major presence in the global economic arena. As worldwide focus shifts further towards Asia, Indonesia’s position as a prominent destination for trade and investment is unmistakable. As an ASEAN member, it benefits from the bloc’s resolve to widen and deepen collaboration among member states to establish a free trade zone, evidenced by the rapid enactment and development of the ASEAN Economic Community. Indonesia is the only Southeast Asian nation within the G20, the forum of the world’s wealthiest nations. The country’s abundant natural resources underpin its prosperity, with significant revenues derived from petroleum, natural gas, and other mining activities. Agriculture also remains a vital component of the economy. By 2030, Indonesia is forecast to be among the world’s top ten
Commercial
PRACTICE NOTES
NOTE—to check whether notification thresholds in Indonesia and throughout the world are satisfied, see: Where to Notify.
1. Have there been any recent developments regarding the Indonesian merger control regime and are any updates/developments expected in the coming year? Are there any other ‘hot’ merger control issues in Indonesia?
The Commission for the Supervision of Business Competition (KPPU) has issued a fresh merger control framework via KPPU Regulation No. 3 of 2023 on the Assessment of Mergers, Consolidations, or Acquisitions of Shares and/or Assets that May Result Monopolistic Practices and/or Unfair Business Competition (2023 Merger Regulation). Taking effect on 31 March 2023, it repealed the 2019 merger regulation. It introduces several noteworthy changes to Indonesia’s merger control regime, outlined below.
Mandatory notification criteria
The 2023 Merger Regulation replaces the former worldwide asset threshold with an Indonesian asset threshold. Accordingly, only assets situated within
Competition
If you expected to see yourself on this page, click here.
