malaysia - Competition Law & Anti-Trust - News

No Evidence of Anti-Competitive Behaviour in Pharmaceutical, Building Material Sectors - MyCC

KUALA LUMPUR, Apr 10 (Bernama) - The Malaysia Competition Commission (MyCC) said there was no conclusive evidence of anti-competitive behaviour between industry players in the pharmaceutical and building material sectors in Malaysia based on its two market review reports. The findings of the two market reviews - 'Market Review on Pharmaceutica ...
Date: 10 April 2018; Type: Legal News; Source: Bernama

MyCC conducts First Choral speaking Contest on Competition Law

KUALA LUMPUR, Mar 30 (Bernama) - The Malaysia Competition Commission (MyCC) conducted the first choral speaking competition on competition law in Malaysia with the theme, #Bebaskartel, in celebrating its seventh year anniversary.
Date: 30 March 2018; Type: Industry Updates; Source: Bernama

SPAD assures Consumer Rights protected in Uber, Grab Merger

KUALA LUMPUR, Mar 27 (Bernama) - The Land Public Transport Commission (SPAD) will cooperate with government agencies such as the Malaysia Competition Commission and relevant non-governmental organisations to ensure the rights of consumers are protected following the Uber-Grab merger in Southeast Asia.
Date: 27 March 2018; Type: Industry Updates; Source: Bernama

MyCC works on Three-Year Plan to instill Self-Compliance

KUALA LUMPUR, Mar 28 (Bernama) - The Malaysia Competition Commission (MyCC) is directing its advocacy efforts towards encouraging businesses to choose self-compliance over being caught for non-compliance with the law.
Date: 28 March 2018; Type: Industry Updates; Source: Bernama

MyCC, SPAD to ensure E-hailing Mart remains Competitive

KUALA LUMPUR, Mar 28 (Bernama) - The Malaysia Competition Commission (MyCC) and Land Public Transport Commission (SPAD) will ensure that competition in e-hailing services will not be disrupted by the recent merger between Uber and Grab.
Date: 28 March 2018; Type: Industry Updates; Source: Bernama

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

INDUSTRY UPDATES

Lawyer claims Trial to CBT of more than RM100,000

GEORGE TOWN, Apr 20 (Bernama) - A lawyer pleaded not guilty in the Sessions Court here today to criminal breach of trust involving more than RM100,000.

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INDUSTRY UPDATES

IRBM confirms having issued Letters to International Schools

KUALA LUMPUR, Apr 19 (Bernama) - The Inland Revenue Board of Malaysia (IRBM) today confirmed that it had recently issued letters to the management of several international schools, here.

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INDUSTRY UPDATES

Tax Exemption on Mega Projects given since 1980s - Customs DG

PUTRAJAYA, Apr 19 (Bernama) - Tax exemptions have been awarded to several large projects owned by the Government since the 1980s, and the issue of waiving the Goods and Services Tax (GST) for procurement of materials and services related to the East Coast Rail Link (ECRL) project should not be played up, said Customs Director-General Datuk Seri Subromaniam Tholasy.

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INDUSTRY UPDATES

GST Compliance good, says Customs Department

KUALA LUMPUR, Apr 18 (Bernama) - The Goods and Services Tax (GST) compliance in Malaysia is good even though there is still a need to continue to promote tax education.

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INDUSTRY UPDATES

Government will not raise GST Rate - DPM Zahid

BAGAN DATUK, Apr 18 (Bernama) - The government has given an assurance that the country's Goods and Service Tax (GST) of sic per cent will not be raised, even after the 14th General Election.

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INDUSTRY UPDATES

Government approves Sekolah Menengah Chong Hwa's Federal Land Lease Application - Wan Junaidi

KUALA LUMPUR, Apr 17 (Bernama) - The government has approved the application of Sekolah Menengah Persendirian Chong Hwa, Sentul, for a 1.2 hectare of federal land under 99 years' lease for the purpose of building the school's sports complex.

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World's First Crypto Currency Guarantee against Theft

KUALA LUMPUR, Apr 18 (Bernama) - In a world's first, GoldCrypto will protect and guarantee its cryptocurrency tokens from any theft through hacking.

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INDUSTRY UPDATES

Court's Judgments now available on Malaysian Judgments Portal

KUALA LUMPUR, Apr 16 (Bernama) - Everyone can now read Malaysian courts' judgments on the Malaysian Judgments Portal for them to have better understanding of the law, Chief Justice Tun Raus Sharif said today.

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INDUSTRY UPDATES

IRBM continues Drive to counter Tax Leakages

KUALA LUMPUR, Apr 17 (Bernama) - The Inland Revenue Board of Malaysia (IRBM) today said it will continue with the drive to counter the threat of aggressive tax planning, base erosion and profit shifting, and tax evasion practices that cause tax leakages.

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Bursa Malaysia launches Intraday Short-Selling for all Investors

KUALA LUMPUR, Apr 16 (Bernama) - Bursa Malaysia Bhd has introduced Intraday Short-Selling (IDSS) for all investors as part of the exchange's strategy to boost market liquidity.

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INDUSTRY UPDATES

Anti-Fake News Act Not just meant to protect Government

KOTA TINGGI, Apr 14 (Bernama) - The false message that claimed the Tunku Mahkota of Johor Tunku Ismail Sultan Ibrahim would provide aid to the public at several supermarkets is the first case being investigated under the Anti-Fake News Act 2018, said Minister in the Prime Minister's Department Datuk Seri Azalina Othman Said.

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INDUSTRY UPDATES

AGC rejects Request from 'Pak Su' to withdraw Incest Charges

KUALA LUMPUR, Apr 12 (Bernama) - The Attorney General's Chambers has rejected a letter of representation from an uncle known as 'Pak Su' requesting to withdraw 587 charges of incest and attempted rape involving three of his nieces.

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IRBM contributes Teaching Aid to Schools

BUKIT MERTAJAM, Apr 12 (Bernama) - The Inland Revenue Board of Malaysia (IRBM) today handed out a teaching aid each to the District Education Office and four selected schools, here.

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INDUSTRY UPDATES

Government declares May 9 as Public Holiday to allow People to go to the Polls

KUALA LUMPUR, Apr 11 (Bernama) - There should be no more excuse for all registered voters not to cast their votes after the government announced that May 9, which is polling day for the 14th General Election (GE14), a public holiday in the country.

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INDUSTRY UPDATES

Trade Unions urged to use PLWS in Employees' Wage Increase

PETALING JAYA, Apr 11 (Bernama) - Trade unions have been urged to use the Productivity Link-Wages System (PLWS) in determining the annual wage increase for outstanding employees.

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