Monday, 19 February 2018
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malaysia - Competition Law - News

Proposed Decision on Seven Tuition and Day Care Centres for Price Fixing Conduct

KUALA LUMPUR, Feb 8 - The Malaysia Competition Commission (MyCC) had issued a proposed decision against seven (7) tuition and day care centres for infringing section 4 of the Competition Act 2010 (CA 2010) by collectively agreeing to fix and standardise the fees charged for the tuition and day care services in the SS19 Subang Jaya area. The agreeme ...
Date: 08 February 2018; Type: Legal News; Source: Competition Commission

MyCC proposes Penalty on Seven Tuition and Day-Care Centres

KUALA LUMPUR, Feb 8 (Bernama) - The Malaysia Competition Commission (MyCC) has issued a proposed decision against seven tuition and day-care centres for wrongfully agreeing to fix and standardise the fees charged for tuition and day-care services in the SS19 area of Subang Jaya, Selangor.
Date: 08 February 2018; Type: Legal News; Source: Bernama

MyCC signs Corruption-Free Pledge

KUALA LUMPUR, Feb 5 (bernama) - The Malaysia Competition Commission (MyCC) signed the Corruption-Free Pledge (IBR), aimed at preventing its officers from involving in corruption and abuse of power.
Date: 05 February 2018; Type: Legal News; Source: Bernama

Tribunal dismisses MyEG's Appeal against Anti-Competition Penalty

KUALA LUMPUR, Dec 29 (Bernama) - The Competition Appeal Tribunal (CAT) had dismissed an appeal by My E.G. Services Berhad (MyEG) against the RM2.272 million fine imposed on the company by the Malaysia Competition Commission (MyCC) for abusing its dominant position in the provision and management of online renewal for foreign workers permit (PLKS).& ...
Date: 29 December 2017; Type: Legal News; Source: Bernama

MyCC welcomes MyIPO as Member of Special Committee

KUALA LUMPUR, Dec 19 (Bernama) - Malaysia Competition Commission (MyCC) has welcomed the Intellectual Property Corporation of Malaysia (MyIPO) as the ninth member of its Special Committee on Competition.
Date: 19 December 2017; Type: Legal News; Source: Bernama

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

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

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

MyCC to raise Private, Public Sectors Awareness of Bid Rigging

KUALA LUMPUR, May 23 (Bernama) - The Malaysia Competition Commission (MyCC) remains focus on raising the awareness of stakeholders in both the private and public sectors, as well as educating them about the implications of bid rigging and enforcing the Competition Act 2010.
Date: 23 May 2017; Type: Legal News; Source: Bernama

MyCC proposes Renewal of Block Exemption Order for Liner Shipping Agreements for Another Two Years

KUALA LUMPUR, May 12 (Bernama) - The Malaysia Competition Commission (MyCC) is proposing to renew the block exemption order (BEO) for the vessel sharing agreements (VSA) and voluntary discussion agreements (VDA) in respect of liner shipping services for another two years.
Date: 12 May 2017; Type: Legal News; Source: Bernama

SSM offers 70 per cent Discount to Companies to settle Compounds

KUALA LUMPUR, April 17 (Bernama) - The Companies Commission of Malaysia (SSM) is offering 70 per cent discount for compounds imposed on companies and company directors, beginning today until May 17, 2017.
Date: 17 April 2017; Type: Legal News; Source: Bernama

Competition Appeal Tribunal dismisses Appeal of Prompt Dynamics

KUALA LUMPUR, 3 March 2017 - The Competition Appeal Tribunal (CAT) dismissed the appeal brought by Prompt Dynamics Sdn Bhd (the Applellant), one of the container depot operators found by the Malaysia Competition Commission (MyCC) for engaging in price-cartel activities which infringed Section 4(2)(a) of the Competition Act 2010 (the Act). The ...
Date: 03 March 2017; Type: Legal News; Source: Competition Commission

PIAM, Members given a Month to provide Evidence on Non-infringement of Competition Act

PETALING JAYA, March 6 (Bernama) - The General Insurance Association of Malaysia (PIAM) and its 22 members have been given a month to forward evidence proving that they had not breached Section 4 of the Competition Act 2010. This is against the backdrop of the MyCC recently imposing a RM213.4 million penalty on PIAM and the 22 local general in ...
Date: 06 March 2017; Type: Legal News; Source: Bernama

MyCC successfully sends Strong Signal to Business Community - Hamzah

KUALA LUMPUR, March 6 (Bernama) - The Malaysia Competition Commission (MyCC) has made its mark in sending strong signals to the Malaysian business community on the importance of their obligations and compliance as contained under the Competition Act 2010.
Date: 06 March 2017; Type: Legal News; Source: Bernama

PIAM hopes MyCC will reconsider Proposed Decision, Penalty

KUALA LUMPUR, March 1 (Bernama) - The General Insurance Association of Malaysia (PIAM) hopes the Malaysia Competition Commission (MyCC) will reconsider its proposed decision and the imposition of the financial penalty against PIAM and its 22 members.
Date: 01 March 2017; Type: Legal News; Source: Bernama

MyCC's Proposed Decision against PIAM will impact Consumer Interest, says BNM

KUALA LUMPUR, March 1 (Bernama) - The Malaysia Competition Commission's (MyCC) proposed decision against the General Insurance Association of Malaysia (PIAM) will severely impact consumer interest, says Bank Negara Malaysia (BNM).
Date: 01 March 2017; Type: Legal News; Source: Bernama

MyCC issues Proposed Decision against PIAM and 22 Members

KUALA LUMPUR, Feb 28 (Bernama) - Malaysia Competition Commission (MyCC) has issued a proposed decision against the General Insurance Association of Malaysia (PIAM) and 22 of its members for being parties to an anti-competitive agreement, Chief Executive Officer Datuk Abu Samah Shabudin said. MyCC said the parties fixed the parts trade discount ...
Date: 28 February 2017; Type: Legal News; Source: Bernama

Industry Updates

Thailand, Cambodia discuss Nationality Verification for Migrant Workers

PHNOM PENH, Feb 14 (NNT) - Thailand's Labor Minister Adul Sangsingkeo and his Cambodian counterpart Ith Samheng discussed the nationality verification for undocumented migrant workers.

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Singapore RCEP Meeting crucial, says Mustapa

KUALA LUMPUR, Feb 13 (Bernama) - The next Regional Comprehensive Economic Partnership (RCEP) meeting, which will be held at the ministerial level on March 2, 2018, will be a crucial one to discuss the progress of the trade deal.

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Universiti Malaya ranks 46th in Asia

Universiti Malaya (UM) has improved in its ranking from the 59th position last year to 46th this year according to Times Higher Education (THE) Asia University Rankings.

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Court Administrative Assistant charged with assaulting Workmate

TELUK INTAN, Feb 12 (Bernama) - A court clerical and operations administrative assistant was charged in the Magistrate's Court here today with assaulting and using criminal force on a workmate, two years ago.

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Bursa Malaysia announces Half-day and Full-day Trading Closure for CNY

KUALA LUMPUR, Feb 12 (Bernama) - Bursa Malaysia Bhd announces that it will implement a half-day trading closure on the the eve of the Chinese New Year (CNY) on Thursday and all-day closure on Friday.

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UN Offices relocate to Putrajaya

PUTRAJAYA, Feb 7 (Bernama) - The United Nations (UN) offices in Malaysia have been relocated to the country's administrative capital, Putrajaya.

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Malaysia needs to develop Industry 4.0 Roadmap

KUALA LUMPUR, Feb 11 (Bernama) - Malaysia needs to develop its own national roadmap and framework for the fourth industrial revolution (Industry 4.0) to spur collaboration with developed countries in innovation industries.

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MITI eyes 10,000 e-commerce Companies joining DFTZ

KUALA LUMPUR, Feb 8 (Bernama) - The International Trade and Industry Ministry (MITI) is targeting to increase the number of companies coming onboard the Digital Free-Trade Zone (DFTZ) e-commerce platform to about 10,000 by year-end from 1,998 last November.

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KLRCA is now AIAC Malaysia

KUALA LUMPUR, 7 February 2018: The Kuala Lumpur Regional Centre for Arbitration (KLRCA) was officially renamed the Asian International Arbitration Centre (Malaysia) in conjunction with its 40th anniversary. The name change is part of a larger rebranding for the Centre, which aims to further strengthen its regional footprint and global presence. Earlier on 10 Jan 2018, the Arbitration (Amendment) Act 2018 was passed and gazetted to give legal effect to the change of name.

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SUHAKAM on “Federal Court’s decision on Unilateral Conversion”

KUALA LUMPUR, Feb 6 - The Human Rights Commission of Malaysia (SUHAKAM) has endorsed the unanimous decision of the Federal Court in the case of Indira Gandhi on 29 January 2018 which invalidated the unilateral and/or forced religious conversion of minors, in line with the Cabinet decision in 2009. SUHAKAM said it hopes the Court’s decision will now guide with clarity administrative and policy directions to establish coherent and consistent standards for reconciling the principle of the best interests of the child with the Constitutional rights of parents in the exercise of their freedom of religion.

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Malaysia and Singapore to set up Stock Market Trading Link

The Securities Commission Malaysia (SC) and the Monetary Authority of Singapore (MAS) will work together to facilitate the establishment of a stock market trading link between Bursa Malaysia (BM) and Singapore Exchange (SGX) by the end of this year. The trading link will allow investors to trade and settle shares listed on each other’s stock market in a more convenient and cost efficient manner. Retail investors notably will benefit from such a link.

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Registrar can refer to Islamic Law, Federal Court told

PUTRAJAYA, Feb 7 (Bernama) - The Births and Deaths registrar can refer to Islamic law when registering the birth of a Muslim child to define its legitimacy, the Federal Court was told today.

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