singapore - Competition Law & Anti-Trust

CCCS raises Competition Concerns on Private Clinical Laboratories Merger

The Competition and Consumer Commission of Singapore (“CCCS”) has completed its Phase 1 review of the acquisition of Innovative Diagnostics Private Limited (“Innovative”) and Quest Laboratories Pte Ltd (“Quest”) by Pathology Asia Holdings Pte. Ltd. (“PAH”), through its subsidiaries (collectively, the ...
Date: 29 October 2018; Type: Legal News; Source: Competition and Consumer Commission of Singapore

CCCS clears Merger of the Rail Mobility Business of Siemens AG with Alstom SA

The Competition & Consumer Commission of Singapore (CCCS) had sought feedback from interested parties regarding the impact of the merger of the mobility business of Siemens AG with Alstom S.A and if it would infringe section 54 of the Act against Anti-Competitive Mergers. The CCCS concluded that the Proposed Transaction if carried into effect, ...
Date: 24 October 2018; Type: Press Release; Source: Competition and Consumer Commission of Singapore

CCCS Consults on the Proposed Acquisition by NTUC Enterprise Co-Operative Limited of Kopitiam Investment Pte Ltd

The Competition and Consumer Commission of Singapore seeks feedback on the proposed acquisition by NTUC Enterprise Co-operative Limited of 100 per cent of the equity interests in Kopitiam Investment Pte Ltd and its subsidiaries from 1 October 2018 to 12 October 2018.
Date: 28 September 2018; Type: Press Release; Source: Competition and Consumer Commission of Singapore

CCCS Consults on the Proposed Acquisition by Nasdaq Technology AB of Cinnober Financial Technology AB

The Competition and Consumer Commission of Singapore (CCCS) seeks feedback on the proposed acquisition by Nasdaq Technology AB of Cinnober Financial Technology AB (CINN). Nasdaq Technology declares a public cash offer to acquire up to 100% of the outstanding shares and warrants in CINN. The consultation period is from 17 October to 30 Oct ...
Date: 17 October 2018; Type: Press Release; Source: Competition and Consumer Commission of Singapore

CCCS Consults on the Proposed Merger of Paper Distributors Japan Pulp & Paper and Spicers Singapore

The Competition and Consumer Commission of Singapore (CCCS) seeks feedback on the proposed acquisition by Japan Pulp and Paper Company Limited of 100 per cent of the issued shares in Spicers Paper (Singapore) Pte Ltd from Spicers Holdings (Asia) Pte. Ltd. from 17 October 2018 to 30 October 2018.
Date: 17 October 2018; Type: Press Release; Source: Competition and Consumer Commission of Singapore

Singapore fines Grab and Uber S$13 Million for Merger that harms Competition

SINGAPORE, Sept 24 (Bernama) - The Competition and Consumer Commission of Singapore (CCCS) has imposed financial penalties of S$6,419,647 (S$1=RM2.99) on Grab and S$6,582,055 on Uber, respectively, to deter completed, irreversible mergers that harm competition.
Date: 24 September 2018; Type: Legal News; Source: Bernama

CCCS ends Assessment of Maritime Products Merger after Parties abandon Merger

The Competition and Consumer Commission of Singapore (“CCCS”) has ended its assessment of 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”) ( ...
Date: 30 July 2018; Type: Legal News; Source: Competition and Consumer Commission of Singapore

CCCS consults on the proposed Combination of the Mobility Business of Siemens AG with Alstom S A

The Competition & Consumer Commission of Singapore (“CCCS”) is conducting a public consultation from 19 July 2018 to 2 August 2018 to invite feedback on the proposed merger of Siemens Mobility Business (“SMB”) and Alstom S.A. (“Alstom”) (the “Proposed Transaction”).
Date: 19 July 2018; Type: Industry Updates; Source: Competition and Consumer Commission of Singapore

Grab/Uber merger: CCCS Provisionally finds that the Merger has substantially lessened Competition

The Competition and Consumer Commission of Singapore (“CCCS”) has issued a Proposed Infringement Decision (“PID”) against Grab and Uber (each a “Party”, and collectively the “Parties”) in relation to the sale of Uber’s Southeast Asian business to Grab in consideration of Uber holding a 27.5% sta ...
Date: 05 July 2018; Type: Legal News; Source: Competition and Consumer Commission of Singapore

CCCS Provisionally finds that proposed Merger is likely to substantially Reduce Competition between Maritime Products Suppliers

The Competition and Consumer Commission of Singapore (“CCCS”) has issued a Statement of Decision (Provisional) (“SDP”) to Wilhelmsen Maritime Services AS (“WMS”) and Drew Marine’s technical solutions, fire, safety and rescue businesses (“Drew Marine Technical Solutions” or “DMTS”). C ...
Date: 25 May 2018; Type: Industry Updates; Source: Competition and Consumer Commission of Singapore

Competition (Amendment) Act 2018

This Act seeks to amend the Competition Act.
Date: 11 May 2018; Type: Federal Amendment Act; Citation: No. 25; Source: Singapore Statutes Online

Competition (Amendment) Act 2018 (Commencement) Notification 2018

This Notification notifies that Competition (Amendment) Act 2018 comes into operation on 16 May 2018.
Date: 11 May 2018; Type: Federal Subsidiary Legislation; Citation: No. S 291; Source: Singapore Statutes Online

CCCS clears Proposed Acquisition by BRC Asia Limited of Lee Metal Group Limited

The Competition and Consumer Commission of Singapore (“CCCS”) has issued a clearance decision on the proposed acquisition of Lee Metal Group Limited (“Lee Metal”) by BRC Asia Limited (“BRC”) (the “Proposed Transaction”). Following a review of the Proposed Transaction, CCCS concluded that the Proposed ...
Date: 27 April 2018; Type: Legal News; Source: Competition and Consumer Commission of Singapore

CCCS clears Proposed Merger between Essilor and Luxottica

The Competition and Consumer Commission of Singapore (“CCCS”) has issued a clearance decision on the proposed merger between Essilor International (Compagnie Generale d’Optique) S.A (“Essilor”) and Luxottica Group, S.p.A. (“Luxottica”) (collectively “Parties”). CCCS has concluded that the merger ...
Date: 20 April 2018; Type: Legal News; Source: Competition and Consumer Commission of Singapore

LTA backs the Interim Directions issued by CCCS to Grab and Uber

The Land Transport Authority (LTA) has backed the Interim Directions issued by Competition & Consumer Commission of Singapore (CCCS) to Grab and Uber. LTA noted that the measures pertaining to the removal of exclusivity obligations and impediments to market contestability would further promote market competition in the point-to-point (P2P) ...
Date: 13 April 2018; Type: Industry Updates; Source: Land Transport Authority

Competition (Amendment) Regulations 2018

These Regulations come into operation on 1 April 2018.
Date: 29 March 2018; Type: Federal Subsidiary Legislation; Citation: No. S 180; Source: Singapore Statutes Online

Proposed Poultry Slaughtering Hub: CCS consults on Proposed Commitments provided by Joint Venture Parties to address Competition Concerns

The Competition Commission of Singapore (“CCS”) is conducting a public consultation from 28 March 2018 to 3 April 2018 and invites interested parties to provide feedback on the commitments proposed by Mr. Tan Chin Long (“TCL”), Kee Song Holdings Pte. Ltd. (“KSH”), Sinmah Holdings (S) Pte. Ltd, Tong Huat Poultry P ...
Date: 28 March 2018; Type: Legal News; Source: Competition and Consumer Commission of Singapore

Competition (Amendment) Bill

This Bill seeks to amend the Competition Act.
Date: 27 February 2018; Type: Federal Bill; Citation: Bill No. 8/2018; Source: Singapore Statutes Online

CCS consults on the proposed Acquisition by Jacobs Douwe Egberts Holdings Asia NL B V of Shares of OldTown Berhad

The Competition Commission of Singapore (“CCS”) is conducting a public consultation from 21 December 2017 to 5 January 2018 to invite feedback on the proposed acquisition by Jacobs Douwe Egberts Holdings Asia NL B.V. (“JDE Asia”) of the entire issued and outstanding share capital of OldTown Berhad (“OT”) (the &ld ...
Date: 21 December 2017; Type: Legal News; Source: Competition and Consumer Commission of Singapore

CCS consults on Proposed Changes to the Competition Act

The Competition Commission of Singapore (“CCS”) is seeking feedback on proposed changes to the Competition Act (Cap. 50B) (“the Act”). The Act strives to level the playing field amongst businesses, promote innovation and productivity, which in turn benefits the Singapore economy, businesses and consumers. The proposed change ...
Date: 21 December 2017; Type: Legal News; Source: Competition and Consumer Commission of Singapore

INDUSTRY UPDATES

House Panel to probe 'Budget Anomalies' in January

MANILA, Dec 13 (PNA) - The House of Representatives rules committee will start its investigation on the alleged “budget anomalies and questionable allocations” by the Department of Budget and Management (DBM) on January 3, Majority Leader Rolando Andaya Jr. announced on Thursday.

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ASEAN launches Safe Migration Campaign

Jakarta, Dec 12 (ANTARA News) - The Association of Southeast Asian Nations (ASEAN) has launched a safe migration campaign to increase public awareness of the advantages of employing migrant workers.

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Nation celebrates Universal Declaration of Human Rights

Government agencies and diplomatic and international organisation representatives gathered in Vientiane to mark the 70th anniversary of the Universal Declaration of Human Rights and its lasting impact, which was supported by the United Nations, European Union and Australia.

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INDUSTRY UPDATES

SC welcomes Malaysia's Improved Ranking in Corporate Governance

KUALA LUMPUR, Dec 13 (Bernama) - The Securities Commission Malaysia (SC) is encouraged by the recognition of Malaysia's initiatives to improve corporate governance, which was a result of the collective effort by various stakeholders.

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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.

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MITI, MIDA, Intel hold IoT Forum to review Progress

KUALA LUMPUR, Dec 12 (Bernama) - The Ministry of International Trade and Industry (MITI), Malaysian Investment Development Authority (MIDA) and Intel Malaysia conducted the Internet of Things (IoT) Malaysia Forum 2018 yesterday to review IoT’s progress since its introduction five years ago.

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Unions request Government to set Workers’ Minimum Wage

Unions have asked the government to set the minimum wage for the construction and service sectors and to solve the five other major problems facing them, a statement released on International Human Rights Day on Monday said.

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Dewan Rakyat adjourns, Reform Agenda implemented - Speaker

KUALA LUMPUR, Dec 11 (Bernama) - The reform agenda of the Parliament was implemented at the second meeting of the first term of the 14th Parliament which came to a close today after sitting for 30 days since Oct 15.

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Court proposes Mediation in Theresa Kok's Suit against Jamal

KUALA LUMPUR, Dec 11 (Bernama) - The High Court today proposed that Primary Industries Minister Teresa Kok who filed a libel suit against Datuk Seri Jamal Md Yunos over alleged misuse of Yayasan Warisan Anak Selangor (Yawas) funds, resolve the case via mediation.

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Vietnam, Laos boost Judicial Cooperation

Hanoi, Dec 10 (VNA) - Vietnamese Minister of Justice Le Thanh Long and his Lao counterpart Xaysi Santivong agreed to work closely together to launch a bilateral cooperation programme for 2019, during their talks in Hanoi on December 10.

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Nation marks Constitution Day

BANGKOK, 10th December 2018 (NNT) - Today marks National Constitution Day, observing the importance of the administrative document and celebrating its 20 incarnations throughout the democratic history of Thailand.

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INDUSTRY UPDATES

Court has Final Say on Trillanes' Travel Abroad: DOJ

MANILA, Dec 10 (PNA) - Justice Secretary Menardo Guevarra on Monday said the Bureau of Immigration (BI) will not prevent Senator Antonio Trillanes IV from traveling abroad if no travel ban is handed down by the courts against him.

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Government concerned about Readiness of SMEs to adopt Industry 4.0

KUALA LUMPUR, Dec 10 (Bernama) - The Government is concerned about the readiness of local industries, particularly Small and Medium Enterprises (SMEs), to adopt Industry 4.0.

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Memorandum of Understanding between Bank Negara Malaysia and Dubai Financial Services Authority

On 28 November 2018, Bank Negara Malaysia (BNM) and Dubai Financial Services Authority (DFSA) had signed a Memorandum of Understanding (MoU) on supervisory cooperation for effective supervision of banking and insurance/ takaful/ reinsurance institutions operating in both countries.

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DFA holds first ever Gender and Development Assembly

MAKATI, Dec 6- As part of the Department of Foreign Affairs’ (DFA) programs to continually mainstreaming gender and development (GAD) policies in its programs and activities, it hosted the agency’s first ever Gender and Development (GAD) Assembly at the Makati Diamond Residences on 06 to 08 November 2018.

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Vietnam, Cambodia PMs attend Business Forum

Vietnam and Cambodia could make their two-way trade value at US$7-8 billion by 2020 as they have established sound cooperation across sectors and their governments have regularly taken measures to remove difficulties for businesses, Prime Minister Nguyen Xuan Phuc said.

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Cambodia, Laos set to boost Bilateral Trade

Cambodia and Laos have pledged to boost trade and investment across their border, while trade volume between the two countries last year was just over $27 million, according to the Cambodian Ministry of Commerce.

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Revenue Department says it does not collect Higher Tax from Online Merchants

BANGKOK, Dec 8 (NNT) - The Revenue Department has insisted that the Revenue Code Amendment Act draft is not intended to make online merchants pay more tax but to analyze the behavior of taxpayers.

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