Friday, 22 September 2017
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Competition Law

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CCS consults on the Proposed Merger of Essilor International (Compagnie Generale d’Optique) SA and Luxottica Group SpA

The Competition Commission of Singapore (“CCS”) is conducting a public consultation from 19 September 2017 to 4 October 2017 to invite interested parties to provide feedback on the proposed merger of Essilor International (Compagnie Generale d’Optique) S.A. (“Essilor”) and Luxottica Group S.p.A. (“Luxottica”) (the “Proposed Transaction”).

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CCS consults on the Proposed Poultry Slaughtering Hub

The Competition Commission of Singapore (CCS) is seeking feedback on the Proposed Joint Venture between Mr. Tan Chin Long, Kee Song Holdings Pte. Ltd., Sinmah Holdings (S) Pte. Ltd., Tong Huat Poultry Processing Factory Pte. Ltd. and Tysan Food Pte. Ltd.
Date: 14 September 2017; Type: Press Release; Source: Competition Commission

PCC reminds Businessmen to play Fair or face Hefty Fines and Penalties

The Philippine Competition Commission (PCC) on Thursday, August 3, reminded businesses to comply with the provisions of the Philippine Competition Act or face hefty fines and penalties.
Date: 03 August 2017; Type: Legal News; Source: Office of the President

Price Control and Anti-Profiteering (Determination of Maximum Retail Price for Petrol and Diesel) (No. 18) Order 2017

This Order comes into operation on 3 August 2017.
Date: 02 August 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 229 of 2017; Source: AGC Federal Gazette

Competition Appeal Board upholds Financial Penalty imposed by CCS and dismisses Appeal by Financial Adviser

The Competition Appeal Board (“CAB”) has dismissed the appeal of IPP Financial Advisers Pte. Ltd. (“IPP”) and ordered IPP to pay the financial penalty of $239,851 [1] imposed by the Competition Commission of Singapore (“CCS”) together with interest and costs of the appeal.
Date: 02 August 2017; Type: Legal News; Source: Competition Commission

PCC sees Indications of Anti Competitive Act in Cement Industry

MANILA, Aug 2 - The Philippine Competition Commission (PCC) is seeing indications of anti competitive practice in the cement industry in its ongoing investigation.
Date: 02 August 2017; Type: Legal News; Source: Philippine News Agency

Times Publishing/ Penguin Group Proposed Merger: CCS consults on Commitments provided by Parties to address Competition Concerns

The Competition Commission of Singapore (“CCS”) is inviting interested parties to provide feedback on the proposed commitments by Times Publishing Limited (“TPL”) (“Proposed Commitments”) to address competition concerns raised by CCS in relation to TPL’s proposed acquisition of Penguin Random House Pte. Ltd ...
Date: 26 August 2017; Type: Legal News; Source: Competition Commission

The Philippines shares Initiatives as Newly Established Competition Authority

12 July 2017 GENEVA, SWITZERLAND - The Philippine Competition Commission shared its initiatives and efforts in addressing the challenges in designing a merger control regime, which is one of the main pillars of competition system, at the 16th Session of the Intergovernmental Group of Experts on Competition Law and Policy last July 06 to 07.
Date: 12 July 2017; Type: Legal News; Source: Department of Foreign Affairs

Pinol bans 43 Garlic Importers, admits Cartel exists

MANILA, July 12 - In view of the rising garlic prices in the market, Agriculture Secretary Emmanuel "Manny" Pinol on Wednesday announced he has banned some 43 "traditional" importers who have applied for import permits but failed to utilize it.
Date: 12 July 2017; Type: Legal News; Source: Philippine News Agency

Price Control and Anti-Profiteering (Determination of Maximum Retail Price for Petrol and Diesel) (No. 16) Order 2017

This Order comes into operation on 13 July 2017.
Date: 12 July 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 194 of 2017; Source: AGC Federal Gazette

Competition (Block Exemption for Vessel Sharing Agreements and Voluntary Discussion Agreements in Respect of Liner Shipping Services) (Amendment) Order 2017

This Order comes into operation on 7 July 2017.
Date: 06 July 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 191 of 2017; Source: AGC Federal Gazette

Price Control and Anti-Profiteering (Determination of Maximum Retail Price for Petrol and Diesel) (No. 15) Order 2017

This Order comes into operation on 6 July 2017.
Date: 05 July 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 190 of 2017; Source: AGC Federal Gazette

Price Control and Anti-Profiteering (Determination of Maximum Retail Price for Petrol and Diesel) (No. 14) Order 2017

This Order comes into operation on 29 June 2017.
Date: 28 June 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (A)189 of 2017; Source: AGC Federal Gazette

CCS and Japan Fair Trade Commission sign First Framework Agreement for Cross-Border Enforcement Cooperation of Competition Laws

1. Chief Executive of the Competition Commission of Singapore (CCS), Mr. Toh Han Li, and Chairman of the Japan Fair Trade Commission (JFTC) [1] , Mr. Kazuyuki Sugimoto concluded the Memorandum of Cooperation (MoC) today in Tokyo, Japan to increase cross-border enforcement cooperation between CCS and JFTC of their competition laws.
Date: 22 June 2017; Type: Legal News; Source: Competition Commission

MyCC grants Conditional Block Exemption for Liner Shipping Agreements

KUALA LUMPUR, June 21 (Bernama) - The Malaysia Competition Commission (MyCC) has decided to grant a block exemption for liner shipping agreements for vessel-sharing agreements (VSAs) and voluntary discussion agreements (VDAs) within Malaysia or effecting on liner shipping services in Malaysia. In a statement today, MyCC said, the exemption was ...
Date: 21 June 2017; Type: Legal News; Source: Bernama

Supervisory Commission to crack down on International Cartel Networks

Jakarta (ANTARA News) - Business Competition Supervisory Commission (KPPU) will be immediately in charge of cracking down on the international cartel networks, chairman of the commission Syarkawi Rauf said at a press con ...

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PCC reminds Businessmen to play Fair or face Hefty Fines and Penalties

The Philippine Competition Commission (PCC) on Thursday, August 3, reminded businesses to comply with the provisions of the Philippine Competition Act or face hefty fines and penalties.

PCC sees Indications of Anti Competitive Act in Cement Industry The Philippines shares Initiatives as Newly Established Competition Authority Pinol bans 43 Garlic Importers, admits Cartel exists more

Industry Updates

Work in all Courts Nationwide suspended Thursday: SC

MANILA - The Supreme Court (SC) announced the suspension of work in all courts nationwide on Thursday, September 21, in connection with President Rodrigo Duterte's declaration of the said date as National Day of Protest.

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Budget 2018: 13,837 Ideas, Proposals from the Public received

KUALA LUMPUR, Sept 20 (Bernama) - Datuk Seri Najib Tun Razak said today that 13,837 ideas and proposals were received through the Budget 2018 'crowdsourcing' campaign carried out for 15 days from Sept 4 to 18.

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Malaysia-Thailand to ink MoU on Security Cooperation

BANGKOK, Sept 20 (Bernama) - There will be closer security cooperation between Malaysia and Thailand with the establishment of a Joint Committee on Security Cooperation, according to a cabinet resolution document released by the Thai government.

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MAS sets up International Advisory Panel for Cyber Security

Singapore, 20 September 2017 - The Monetary Authority of Singapore (MAS) announced today that it has established a Cyber Security Advisory Panel (CSAP), comprising cyber security thought leaders from around the world.

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SC asked to order Refund of Excess SMS Fee to Subscribers

MANILA - The Bayan Muna partylist filed a petition before the Supreme Court (SC) seeking to compel the country's major telecommunication companies to give a refund to their subscribers for overpriced text message rates amounting to more than PHP17.7 billion.

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Policymakers urged to study Proposed Shift to Federal System

MANILA - State think-tank Philippine Institute for Development Studies (PIDS) on Tuesday urged policymakers to undertake a comprehensive study of the proposed shift to a federal form of government which could address uneven developments in provinces and regions.

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BSP to continue Payment, Settlement Operations on September 21

MANILA - The Bangko Sentral ng Pilipinas (BSP ) will continue its payments and settlement operations on Thursday despite Malacanang's suspension of works in government offices and schools nationwide for that day.

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Indonesia, Croatia agree to strengthen Economic Cooperation

Jakarta (ANTARA News) - Indonesia and Croatia have agreed to enhance economic cooperation, the Indonesian Foreign Ministry said in a press statement released on Tuesday.

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Indonesia, Namibia agree to enhance Bilateral Trade Cooperation

Jakarta (ANTARA News) - Indonesias Foreign Affairs Minister Retno L. P. Marsudi has held a bilateral meeting with her Namibian counterpart Netumbo Nandi-Ndiatwah, and the two ministers agreed to intensify cooperation to boost bilateral trade.

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High Taxes, Competition choke Cheroot-Makers

Myanmar's traditional mini cigar, the cheroot, is near extinction as manufacturers struggle with high taxes, high production costs and stiff competition from imported and local cigarettes.

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EPF to boost Investments in Shariah-Compliant Private Equity Funds

KUALA LUMPUR, Sept 19 (Bernama) - The Employees Provident Fund (EPF) is prepared to increase its investments in shariah-compliant private equity (PE) funds, said its Investment Deputy Chief Executive Officer, Datuk Mohamad Nasir Ab Latif.

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BNM seeks More Focused Delivery of Mandates under Malaysian Development Financial Institutions

KUALA LUMPUR, Sept 19 (Bernama) - Bank Negara Malaysia (BNM) is planning to work with the leadership of local financial institutions and other stakeholders in government to address a more focused delivery of mandates under the Malaysian Development Financial Institutions.

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