Wednesday, 22 November 2017
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Competition Law

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CCS initiates In Depth Review of proposed Merger between Maritime Products Suppliers

CCS received a notification for decision on 10 August 2017 on whether the proposed acquisition by Wilhelmsen Maritime Services AS (“WMS”) of sole control over Drew Marine’s technical solutions, fire, safety and rescue businesses (“Drew Marine Technical Solutions” or “DMTS”)[1] (the “Proposed Transaction”) would infringe the prohibition in the Competition Act (Cap. 50B) against anticompetitive mergers.[2]

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Draft Bill against Real Estate Monopolies sent to Attorney General

A draft bill to prevent real estate monopolies and increase government tax revenue is being submitted to the Attorney General’s office, according to Deputy Planning and Finance Minister U Maung Maung Win.
Date: 01 November 2017; Type: Legal News; Source: Myanmar Times

Most Reports received by MyCC are Bid-rigging Cases

KUALA LUMPUR, Oct 30 (Bernama) - The Malaysian Competition Commission (MyCC) received 340 complaints on various cases under the Competition Act since 2012 until October 2017, involving the imposition of penalties amounting to RM23.4 million.
Date: 30 October 2017; Type: Legal News; Source: Bernama

CA affirms P70-B PLDT, Globe Buyout of SMC Telco Assets

MANILA, Oct 23 (PNA) - The Court of Appeals (CA) upheld the legality of the PHP70-billion buyout of telco assets of San Miguel Corporation (SMC) by the Philippine Long Distance Telephone Company (PLDT) and Globe Telecommunications.
Date: 23 October 2017; Type: Legal News; Source: Philippine News Agency

MyCC accepts Undertaking from the Sand Operators of Four Districts in Kelantan

KUALA LUMPUR, Oct 6 - The Malaysia Competition Commission, (“MyCC”) has accepted an undertaking from a group of sand operators in Kelantan concerning the alleged fixing of sand prices for the territories of Kota Bharu, Pasir Mas, Tanah Merah and Machang in Kelantan.
Date: 06 October 2017; Type: Legal News; Source: Bernama

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&rdquo ...
Date: 19 September 2017; Type: Legal News; Source: Competition Commission

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

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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Draft Bill against Real Estate Monopolies sent to Attorney General

A draft bill to prevent real estate monopolies and increase government tax revenue is being submitted to the Attorney General’s office, according to Deputy Planning and Finance Minister U Maung Maung Win.

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CA affirms P70-B PLDT, Globe Buyout of SMC Telco Assets

MANILA, Oct 23 (PNA) - The Court of Appeals (CA) upheld the legality of the PHP70-billion buyout of telco assets of San Miguel Corporation (SMC) by the Philippine Long Distance Telephone Company (PLDT) and Globe Telecomm ...

PCC reminds Businessmen to play Fair 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 more

Industry Updates

New OFB Bank to cover all Overseas Filipinos

Finance Secretary Carlos Dominguez III has welcomed Malacanang’s approval of the acquisition by the Land Bank of the Philippines of the Philippine Postal Savings Bank (PPSB), which, he said, will pave the way for a financial institution that will cater not only to the country’s migrant workers, but to other overseas-based Filipinos as well.

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Singapore's Fintech Dive now delves for Proof beyond Concept

The partnership between Singapore and Hong Kong to build a blockchain-powered trade network may set the standard for other jurisdictions to follow in financial technology.

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Juvenile Council helps Child Offenders through Art

MANILA, Nov 20 (PNA) - The Juvenile Justice Welfare Council (JJWC) kicked off its 6th JJWC Week on Sunday through an on-the-spot poster painting contest emphasizing the importance of promoting restorative justice and giving youth offenders who have gone astray a "second chance" to correct their mistakes.

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Far-reaching Bill for Cyber Security 'Not uncommon'

The far-reaching Bill to beef up cyber security is justifiable in the light of the potential damage from state-sponsored cyber espionage, says experts.  

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Industry Updates

Self-Regulation, Digital Literacy, Best Ways to counter Fake News

MANILA, Nov 18 (PNA) - Self-regulation and digital literacy are the best antidotes to fake news, according to advocates of freedom of expression in Southeast Asia.

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Industry Updates

Sereno Camp insists on CJ's Right to Counsel

MANILA  Nov 17 (PNA) - The camp of Chief Justice Maria Lourdes Sereno on Friday insisted anew that she has the right to have counsel and to cross-examine the witness during the impeachment proceedings against her before the Congress.

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President Jokowi urges Novanto to follow Legal Process

Jakarta Nov 18 (ANTARA News) - President Joko Widodo (Jokowi) has called on House Speaker Setya Novanto to be willing to follow every legal process initiated by the Corruption Eradication Commission (KPK).

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Industry Updates

IPOPHL MOU on Intellectual Property with the Russian Federation

President Rodrigo Roa Duterte and Prime Minister Dmitry Medvedev of Russia witnessed the signing of the Memorandum of Understanding (MOU) between the Intellectual Property Office of the Philippines (IPOPHL) and the Federal Service for Intellectual Property of the Russian Federation (Rospatent). The MOU was signed by IPOPHL Director General Josephine R. Santiago and Rospatent Head Grigory P. Ivlev. The MOU serves as the bilateral framework to improve the administration and effectiveness of the intellectual property systems in the Philippines and the Russian Federation. The signing ceremony was held on 13 November 2017 at the Coconut Palace.

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Industry Updates

Supply of Lift Spare Parts for Maintenance of Lifts in HDB Estates: CCS consults on Proposed Voluntary Commitments by Suppliers

The Competition Commission of Singapore (“CCS”) is conducting a public consultation from 15 to 28 November 2017 and invites interested parties to provide feedback on two proposed commitments separately provided by (i) BNF Engineering (S) Pte Ltd (“BNF”) in relation to the supply of spare parts for BNF brand of lifts, and (ii) C&W Services Operations Pte Ltd (“CWO”) in relation to the supply of spare parts for Ulift brand of lifts.

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Industry Updates

Monetary Authority of Singapore and the Polish Financial Supervision Authority expands Co-operation in FinTech

Singapore, Nov 15 - The Monetary Authority of Singapore (MAS) and the Polish Financial Supervision Authority (KNF) signed a FinTech Co-operation Agreement which lays out a framework for co-operation and referrals between the two regulators.

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Industry Updates

Singapore and Hong Kong launch a Joint Project on Cross-Border Trade and Trade Finance Platform

Singapore, Nov 15 - The Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA) exchanged a Memorandum of Understanding (MoU) in Singapore today to jointly develop the Global Trade Connectivity Network (GTCN), a cross-border infrastructure based on distributed ledger technology (DLT), to digitalise trade and trade finance between the two cities and potentially with an aim to expanding the network in the region and globally.

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Managing Director of BAC Raja Singham appointed as Pioneer Mentor at the Launch of the ASEAN Mentorship for Entrepreneurs Network

Manila, Philippines, Nov 13 - Managing Director of Brickfields Asia College (BAC) Raja Singham was appointed as a Pioneer Mentor of the ASEAN Mentorship for Entrepreneurs Network (AMEN), which was launched at the ASEAN Business and Investment Summit 2017 (ABIS 2017) on Sunday, 12 November. Touted as the largest mentoring programme in the region, AMEN is the flagship programme of the ASEAN Business Advisory Council (ABAC) and is designed to facilitate the scaling up of micro-, small and medium enterprises (MSMEs) in the ASEAN region through mentorship. Successful entrepreneurs, business practitioners and academicians from across the 10 ASEAN member states made up the 143 pioneer mentors present at the launch.

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