malaysia - Competition Law & Anti-Trust - News

MyCC to focus Efforts on Monitoring Cement Industry

KUALA LUMPUR, Jun 19 (Bernama) - The Malaysia Competition Commission (MyCC) says it will focus its efforts on consistently monitoring the cement industry in order to complement the government’s initiative in protecting the welfare of consumers.
Date: 19 June 2019; Type: Industry Updates; Source: Bernama

MyCC conducts market review on five selected food items

KUALA LUMPUR, Jun 4 (Bernama) - The Malaysia Competition Commission (MyCC) is conducting a Market Review on the food sector in line with section 11 of the Competition Act 2010 (CA 2010) to better understand this market. In a statement today, MyCC said it was also to complement the government's efforts to reduce the cost of living. The rev ...
Date: 04 June 2019; Type: Legal News; Source: Bernama

Eight Firms fined RM1.94 Million for Bid Rigging - MyCC

KUALA LUMPUR, March 5 (Bernama) - The Malaysian Competition Commission (MyCC) has fined eight companies a total of RM1.94 million in penalties for bid rigging through tenders offered by the National Academy of Arts, Culture and Heritage (Aswara).
Date: 05 March 2019; Type: Legal News; Source: Bernama

MYCC accepts changes to MYEG System, Daily Penalty ceases

KUALA LUMPUR, March 5 (Bernama) - The Malaysian Competition Commission (MYCC) has accepted the changes made by M.Y. EG Services Bhd (MYEG) to its online foreign worker renewal system.
Date: 05 March 2019; Type: Legal News; Source: Bernama

MyEG receives Warning for Non-Compliance in RM9.46 Million Penalty

KUALA LUMPUR, Feb 8 (Bernama) - The Malaysia Competition Commission (MyCC) has warned MyEG Services Bhd for continuously been in non-compliance with the decision of the Competition Appeal Tribunal (CAT) on Dec 28, 2018 to pay a daily penalty of RM7,500.
Date: 08 February 2019; Type: Legal News; Source: Bernama

High Court upholds MyCC Decision against MyEG

KUALA LUMPUR, Jan 24 (Bernama) - The High Court of Kuala Lumpur has upheld the decision of the Malaysia Competition Commission (MyCC) against MY E.G. Services Bhd and MYEG Commerce Sdn Bhd (collectively referred to as MyEG) under section 10(2)(d)(iii) of the Competition Act 2010 for abusing its dominant position.
Date: 24 January 2019; Type: Legal News; Source: Bernama

Sector Regulators meet to discuss Competition Issues

KUALA LUMPUR, Dec 21 (Bernama) - The Malaysia Competition Commission (MyCC) held a special committee meeting recently to discuss issues related to the competition law and policy to ensure consistency in the application of the law between sector regulators. It also discussed issues on cross-jurisdictional matters. The special committee con ...
Date: 21 December 2018; Type: Legal News; Source: Bernama

High Court reinstates RM10 Million Fine imposed on MAS and AirAsia

KUALA LUMPUR, Dec 20 (Bernama) - The High Court here today reinstated the decision of the Malaysia Competition Commission (MyCC) which imposed a fine of RM10 million each on the country's two major carriers, Malaysia Airlines (MAS) and AirAsia Bhd for breach of market-sharing prohibition under the Competition Act 2010. Judge Datuk Nordin Hassa ...
Date: 20 December 2018; Type: Legal News; Source: Bernama

MyCC to identify Anti-Competitive Elements in Eggs Market

KUALA LUMPUR, Dec 13 (Bernama) - The Malaysia Competition Commission (MyCC) is working closely with the Ministry of Domestic Trade and Consumer Affairs (MDTCA) to identify any anti-competitive elements that may occur in the domestic market for chicken eggs.
Date: 13 December 2018; Type: Industry Updates; Source: Bernama

Subang Jaya Businesses ordered to pay MYCC Penalty

KUALA LUMPUR, Oct 29 (Bernama) - Having been found guilty of infringing Section 4 of the Competition Act 2010 (Act 712), seven tuition and day care centres in SS19 Subang Jaya have been ordered to pay a penalty of RM33,068.85. The Malaysian Competition Commission (MyCC) in a statement today said that the businesses entered into an agreement in ...
Date: 29 October 2018; Type: Legal News; Source: Bernama

MyCC appoints Mohd Hishamudin as New Chairman

KUALA LUMPUR, Sept 28 (Bernama) - The Malaysia Competition Commission (MyCC) has appointed former Court of Appeal Judge, Datuk Seri Mohd Hishamudin Md Yunus as its new chairman, effective Sept 5.
Date: 28 September 2018; Type: Industry Updates; Source: Bernama

Malaysian Bar Constitutional Challenge : Federal Court set September 13 for Clarification

PUTRAJAYA, Sept 7 (Bernama) - The Federal Court has set Sept 13 for clarification regarding the constitutional challenge bid by the Malaysian Bar and Advocates Association of Sarawak (AAS) over the validity of former top two judges's extension of tenure as Chief Justice and Court of Appeal President then after reaching retirement age.
Date: 07 September 2018; Type: Industry Updates; Source: Bernama

MyCC investigates Tyres, Beverages Companies for Anti-competitive Behaviours

KUALA LUMPUR, Sept 7 (Bernama) - The Malaysia Competition Commission (MyCC) has initiated investigations on tyres and beverage companies in Malaysia for possible anti-competitive behaviours following the direction of the Domestic Trade and Consumer Affairs Ministry to determine whether these actions raised concerns under the relevant laws.
Date: 07 September 2018; Type: Industry Updates; Source: Bernama

Government mulls breaking Monopoly on Sugar Import

KUALA LUMPUR, Aug 2 (Bernama) - The government is considering a proposal to liberalise the Approved Permit (AP) in a move to break the monopoly on sugar import so as to reduce the retail price of the commodity, the Dewan Rakyat was told today.
Date: 02 August 2018; Type: Legal News; Source: Bernama

Government to regulate e-Hailing Service effective July 12 - Loke

PUTRAJAYA, July 11 (Bernama) - Effective tomorrow, e-hailing service providers will be regulated by the government under the Land Public Transport (Amendment) Act 2017 and the Commercial Vehicle Licensing Board (Amendment) Act 2017. Transport Minister Anthony Loke Siew Fook said starting tomorrow all e-hailing companies must register with the ...
Date: 11 July 2018; Type: Legal News; Source: Bernama

MyCC proposes RM17.4 Mln Fine on Dagang Net

KUALA LUMPUR, July 11 (Bernama) - The Malaysia Competition Commission (MyCC) has proposed a penalty of RM17,397,695 against Dagang Net Technologies Sdn Bhd (Dagang Net) for provisionally infringing Section 10(1) read with Section 10(2)(c) of the Competition Act 2010.
Date: 11 July 2018; Type: Legal News; Source: Bernama

The Malaysian Competition Commission proposes to fine Dagang for Abuse of its Monopolistic Position

KUALA LUMPUR, 11 July 2018 – The Malaysia Competition Commission (“the Commission”) has issued a proposed decision against Dagang Net Technologies Sdn Bhd for provisionally infringing section 10(1) read with section 10(2)(c) of the Competition Act 2010 by allegedly abusing its position as a monopoly in the provision of trade facil ...
Date: 11 July 2018; Type: Legal News; Source: Competition Commission

Domestic Trade Ministry mulls doing away with Monopoly

LABUAN, July 9 (Bernama) - The Ministry of Domestic Trade and Consumer Affairs is looking into the possibility of doing away with the monopoly in the supply of goods and services in sectors under its jurisdiction, said Minister Datuk Saifuddin Nasution Ismail.
Date: 09 July 2018; Type: Legal News; Source: Bernama

Special Committee to discuss with Bernas on Monopoly Issue

KUALA LUMPUR, June 21 (Bernama) - The Agriculture and Agro-based Inidustry Ministry and the special committee chaired by Economic Affairs Minister Datuk Seri Mohamed Azmin Ali will hold a series of discussions with Syarikat Padiberas Nasional Berhad (Bernas) to study Bernas' monopoly over the country's rice supply, including its sole right to impor ...
Date: 21 June 2018; Type: Legal News; Source: Bernama

Copyright Infringement: Faiz rice ordered to pay over RM4 Million to Faiza Sdn Bhd

KUALA LUMPUR, June 4 (Bernama) - The High Court here today ordered manufacturer, distributor and rice retailer company, Faiz Rice Sdn Bhd to pay RM4,160,000 in damages to Syarikat Faiza Sdn Bhd for copyright infringement. Judgment on the assessment of damages was issued by Judge Datuk Wong Kian Kheng in a lawsuit over copyright and trademark i ...
Date: 04 June 2018; Type: Legal News; Source: Bernama

INDUSTRY UPDATES

Court cautions Najib against posting Statements on his Trial

KUALA LUMPUR, Jul 18 (Bernama) - The High Court here today cautioned Datuk Seri Najib Tun Razak against posting any more statements in social media pertaining to his SRC trial or risk being cited for contempt of court.

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INDUSTRY UPDATES

Bank Muamalat: 'Court did not find us Guilty of Union-Busting'

KUALA LUMPUR, Jul 18 (Bernama) - Bank Muamalat Malaysia Bhd today said it was never found guilty of union-busting or had breached any law.

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INDUSTRY UPDATES

Guidebook on Parliamentary Constituencies launched

KUALA LUMPUR, Jul 17 (Bernama) - Dewan Rakyat Speaker Datuk Mohamad Ariff Md Yusof today launched Wakil Kita di Parlimen, a 228-page guidebook containing relevant information on all the 222 parliamentary constituencies.

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INDUSTRY UPDATES

Students among Plaintiffs in Lawsuit over Sungai Kim Kim Pollution

JOHOR BAHRU, Jul 17 (Bernama) - Thirty-four students are among 171 individuals who are suing the Johor state government, Menteri Besar Datuk Osman Sapian and 10 others over the pollution in Sungai Kim Kim near Pasir Gudang last March.

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INDUSTRY UPDATES

Chief Justice heads Penang Honours List

GEORGE TOWN, Jul 12 (Bernama) - Chief Justice Datuk Tengku Maimun Tuan Mat heads the list of 877 recipients of state honours and honorary medals in conjunction with the 81st birthday of the Yang Dipertua Negeri of Penang Tun Abdul Rahman Abbas.

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INDUSTRY UPDATES

Prosecution failed to serve Summons on Shahrizat's Children, Court sets new Mention Date

KUALA LUMPUR, Jul 12 (Bernama) - The Sessions Court here today set Aug 5 for mention of a lawsuit filed by the Companies Commission of Malaysia (CCM) against two children of former Women, Family and Community Development Minister Tan Sri Shahrizat Abdul Jalil in connection with several offences allegedly committed by their company.

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INDUSTRY UPDATES

Bill to increase Sabah State Seats to be tabled on July 17

KOTA KINABALU, Jul 11 (Bernama) - Sabah Chief Minister Datuk Seri Mohd Shafie Apdal is confident the Bill for the additional 13 seats, to increase the number of state seats from 60 to 73, will be approved when it is tabled in Parliament on July 17.

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INDUSTRY UPDATES

IRB records 486,360 Cases of Voluntary Tax Declaration

KUALA LUMPUR, Jul 8 (Bernama) - The Inland Revenue Board of Malaysia (IRB) has recorded 486,360 cases of voluntary tax declaration under the special voluntary declaration programme (PKPS) as of June 23.

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INDUSTRY UPDATES

Sugar Tax: SME Traders can file Postponement Appeal

PARIT BUNTAR, Jul 7 (Bernama) - Small and Medium Enterprise (SME) traders affected by the sugar tax on sweetened drinks which came into effect this month, can file a postponement appeal to the relevant authorities.

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INDUSTRY UPDATES

Sarawak Government has not Officially responded on the RM1 Loan Offer - MOF

KUALA LUMPUR, Jul 6 (Bernama) - The Sarawak state government has yet to provide any official feedback to the Federal government on the proposed loan offer, amounting to RM1 billion, which will be allocated for repairs of dilapidated schools in the state.

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INDUSTRY UPDATES

Government offers Tax Incentives, grants to boost Participation in Expo 2020 Dubai

PUTRAJAYA, Jul 5 (Bernama) - The government has approved tax incentives and grants to encourage potential participating and contributing companies in the upcoming Expo 2020 Dubai.

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INDUSTRY UPDATES

Airbnb wants clearer Guideline on Tourism Tax

KUALA LUMPUR, Jul 2 (Bernama) -- Online hospitality service brokerage company, Airbnb Inc urged the government to provide a clearer guideline on tourism tax for its type of business.

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INDUSTRY UPDATES

CUEPAC urges Government to review Minimum Wage

KUALA TERENGGANU, Jun 30 (Bernama) - The Congress of Unions of Employees in the Public and Civil Services (CUEPACS) has urged the government to review the minimum wage in an effort to reduce the people’s cost of living.

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INDUSTRY UPDATES

MITI calls SMEs to sign up for IR4.0 Assessment

GEORGE TOWN, Jun 28 (Bernama) - The Ministry of International Trade and Industry (MITI) is encouraging small and medium-sized enterprises (SMEs) in the manufacturing sector to sign up for the National Policy on Industry 4.0 Readiness Assessment (Industry4WRD-RA).

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INDUSTRY UPDATES

Lawyer Shafee's Money-Laundering trial moved to March Next Year

KUALA LUMPUR, Jun 27 (Bernama) - The trial of prominent lawyer Tan Sri Muhammad Shafee Abdullah, who is facing two counts of money laundering charges involving RM9.5 million he allegedly received from former prime minister Datuk Seri Najib Tun Razak, and two charges of making false statements to the Inland Revenue Board (IRB), has been moved to March next year.

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