Grab-Goto Merger Value Economists Have A Bad Impact On The Business World

JAKARTA - Economist from the Center of Economic and Law Studies (Celios) Nailul Huda assesses that the planned merger of GoTo and Grab will harm consumers.

"There is always a need for a merger. What is the need. In the past, we merged two unicorns because we wanted to increase the valuation. So what are the motives for this? What is the motive for the merger? " said Nailul.

In line with Nailul, economic observer from the Segara Institute Piter Abdullah is worried that the merger will have a bad impact on the domestic business world.

According to him, four of the three major players in the industry are foreign players and only one is a local player.

Of the four big players, we consider one as a local player, three are foreign. And this foreigner controls the global market. The local one just tried to cross, that's back again. This must be considered properly. So if we talk about the market, there is a tendency (this foreign player) to dominate the market in various ways. And here the government must maintain its position as a referee.

According to Piter, the merger is carried out to expand the business or ecosystem as has happened before.

However, the merger of these two companies is in the same industry, even similar.

Regarding this situation, Piter assessed that the government should play a quick role.