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Monopoly Case Tamasek Holding in PT Telkomsel and PT Indosat

Our concern will rise unfair business practices by the private sector with a view of his increasingly free economic system of Indonesia was started to become reality. News reveal Tamasek Holding the monopoly case in Indonesia was proof that what many economists predicted to happen eventually and did not rule out other companies will follow. Last November the Indonesian economy was shocked by the case of Singapore-owned monopoly Tamasek Holding against the Indonesian telecommunications market through cross ownership of shares in PT Telkomsel and PT Indosat so it can determine the market price which is well above normal. Business Competition Supervisory Commission (Commission) stated in the media and electronics that Tamasek guilty of violating anti-monopoly Act in Indonesia. According to the existing rules on monopolies, Tamasek violated Article 27 (a) Law no. 5 Year 1999 concerning Prohibition of Monopolistic Practices and Unfair Business Competition. As is known, Article 17 paragraph (1) contains provisions that prohibit or control the production and services which may result in monopolistic practices and or unfair business competition, while Article 27 (a) prohibits businesses owning majority shares in several similar companies that do business activities in the same field in the relevant market that sama.Dari investigation results turned out to Tamasek does have cross-ownership stakes in Telkomsel and Indosat by 35% and 49.5%, from this ownership Tamasek mastering the Indonesian telecommunications market by 85% and determine the price more 15% dibandinng expensive competitors. Clearly this is detrimental to consumers because consumers must pay higher prices in the mobile tariff. We need to look that that its monopoly is indirect foreign private parties, and it occurs in strategic companies which formerly ruled the government sepenuhnya.Pada while Telkomsel and Indosat held by the government because it is full of people a lot about the needs, policies, Telkomsel and Indosat is not detrimental to consumer . But that all changed after Indosat switch hands of private, especially foreign policy is more beneficial owners of shares in which Tamasek using market forces Telkomsel and Indosat to its monopoly on the market provider that harm consumers trillions of rupiah. This case is actually the aftermath of the government's policy during the crisis that followed the IMF scenario, where the government make Indonesia become towards liberal economy and make decisions on the privatization SOE palingkontroversial PT Indosat and PT Telkomsel to private, so that private monopolies can do as of now this happens. Genesis monopoly is actually many economists predicted when the government decided to privatize two state-owned strategic. If Telkomsel and Indosat is still held by the full might of government monopoly of adverse events consumers trillions of dollars is not going to happen. But everything had happened, very little chance of Indosat back into fully government-owned, now we just kept an eye on competition and establish justice in a monopoly business so that events like this do not happen again. points to consider privatizing the government is not doing anymore, especially in the strategic state enterprises since the end of the tip of his decision when the privately owned will harm consumers in this case the people at large. If the future government still continues to sell its assets, strategic assets is not impossible that a monopoly like this will happen again and certainly more private control of the Indonesian economy.And if left unchecked Indonesia will become a den of monopoly by foreign businesses, especially in the field of strategic areas.
Vocabulary
• Business practice : activities that provide goods and services needed or desired by consumers, can be done by the company's organization has a legal entity, a company that has business entities, and individuals who have no legal entity or entities
• Sector : goods-producing sector such as agriculture, mining and industry plus a service-related activities of international tourists
• Economic system : an arrangement of elements of the economic elements that are interconnected andwork together as a unit to achieve common goals and improve the welfare of a country
• Monopoly : company that became the only seller of the products has no substitute
• Market : a meeting place for prospective sellers and prospective buyers of goods and services.
• Of shares : a certificate or an instrument that has a function as evidence of ownership of a company with various important aspects for the company. Owners of shares will earn the right to receive the used fixed income / dividends from the company and the obligation to bear the risk of losses suffered by the company.
• Price : cost of something bought or sold(the amount,usually of money,that is offered,or asked for when something is bought or sold)
• Business Competition Supervisory Commission : an independent institution in Indonesia which was formed to fulfill the mandate of Act no. 5 year 1999 concerning the prohibition of monopolistic practices and unfair business competition.
• Production : efforts or activities to add value to a product. Directions of activities aimed at setting efforts that are able to add or create the usefulness (utility) of a product or service possible.
• Service : is any action or for work offered by one to the other party is in principle intangible and does not cause any transfer of ownership
• Cross ownership : ownership of businesses in several business entities in the relevant market or on thesame type of business (Article 27 of the Anti-Monopoly Act)
• Consumers : buyer of goods or services,somebody or something that consumers something by eating eat,drinking it,or using it up.
• Assets : good thing that has a form or a pseudo-owned by the company. Claim for intangible property called equity / equities which can bring benefits in the future.