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Business Competition Supervisory Commission and Muhammadiyah Collaborate to Promote Fair Business Practices

by Persyarikatan Muhammadiyah
1 month ago
in Economy, News
Reading Time: 2 mins read
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Business Competition Supervisory Commission and Muhammadiyah Collaborate to Promote Fair Business Practices

MUHAMMADIYAH.OR.ID, YOGYAKARTA – The Central Board of Muhammadiyah signed a memorandum of understanding and cooperation agreement with the Business Competition Supervisory Commission (KPPU) at the Muhammadiyah headquarters, Yogyakarta on Tuesday, May 27. The agreement reflects a shared commitment to address unfair business competition and monopolies in Indonesia.

President of Muhammadiyah Haedar Nashir highlighted that unhealthy business practices and monopolies continue to contribute to social inequality across the country. While recognizing the complexity of these challenges, he stressed the need for immediate efforts to address them.

“Solving these issues is certainly not simple. The key is how we deal with unhealthy competition and monopolistic practices. That’s the matter,” said Haedar. 

Through this partnership, the KPPU and Muhammadiyah aim to strengthen their efforts in promoting fairness in the economic system and ensuring that businesses compete ethically. Haedar also expressed hope that KPPU would take a more active role in monitoring and preventing unethical business behavior.

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“We hope the KPPU will actively monitor and take action against those who engage in unfair practices and monopolies,” added Haedar.

Meanwhile, Chairperson of the KPPU M. Fanshurullah Asa stated that the collaboration with Muhammadiyah is part of a broader effort to cope with unhealthy business practices in the country. He emphasized the importance of working with civil society organizations to build a more just economy.

Asa explained that the agreement supports the implementation of fair business principles based on Law Number 5 of 1999 and strengthens oversight of partnerships in line with Law Number 20 of 2008 on Micro, Small, and Medium Enterprises (MSMEs).

Asa also noted that this partnership reflects the importance of cooperation between public institutions and community organizations in promoting ethical economic governance.

“The KPPU believes that raising awareness of economic justice and fair business principles can be part of our collective mission. Empowering small business owners amid structural inequality is a tangible expression of amar ma’ruf nahi munkar in the economic sector,” said Asa. 

The partnership is expected to be a strategic step toward promoting economic justice, protecting small businesses and consumers, and building a more inclusive and ethical business environment in Indonesia.

Tags: fair businessKPPUMuhammadiyah collaborationMuhammadiyah partnership
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