singapore - Competition Law & Anti-Trust

CCCS Clears Proposed Acquisition by Gebr Knauf KG of USG Corporation

The Competition and Consumer Commission of Singapore (CCCS) has cleared the proposed acquisition of USG Corporation by Gebr. Knauf KG, concluding that the proposed acquisition, if carried into effect, will not infringe the Section 54 prohibition of the Competition Act.
Date: 08 February 2019; Type: Press Release; Source: Competition and Consumer Commission of Singapore

CCCS Issues Infringement Decision against the Exchange of Commercially Sensitive Information between Competing Hotels

The Competition and Consumer Commission (CCCS) of Singapore issued an Infringement Decision against the owners/operators of various hotels.
Date: 30 January 2019; Type: Press Release; Source: Competition and Consumer Commission of Singapore

CCCS Consults on the Proposed Acquisition by DKSH Holding (S) of Auric Pacific Marketing and Centurion Marketing

The Competition and Consumer Commission of Singapore is conducting a public consultation from 17 to 30 January 2019 to invite feedback on the proposed acquisition by DKSH Holding (S) Pte. Ltd. of all the shares of Auric Pacific Marketing Pte. Ltd. and Centurion Marketing Pte. Ltd.
Date: 17 January 2019; Type: Press Release; Source: Competition and Consumer Commission of Singapore

CCCS Clears the Proposed Acquisition by NTUC Enterprise Co-operative Limited of Kopitiam Investment Pte Ltd

This is to notify that the Competition and Consumer Commission of Singapore (CCCS) has cleared the proposed acquisition by NTUC Enterprise Co-operative Limited (NTUC Enterprise) of 100 percent of the equity interests in Kopitiam Investment Pte. Ltd. and its subsidiaries (Kopitiam).
Date: 20 December 2018; Type: Press Release; Source: Competition and Consumer Commission of Singapore

CCCS Clears Proposed Acquisition by Japan Pulp and Paper Company Limited of Spicers Paper (Singapore) Pte Ltd

The Competition and Consumer Commission of Singapore (CCCS) has cleared the proposed acquisition of Spicers Paper (Singapore) Pte Ltd by Japan Pulp and Paper Company Limited (the Proposed Transaction). The CCCS concluded that the Proposed Transaction if carried into effect, will not infringe the Section 54 prohibition of the&nbs ...
Date: 27 November 2018; Type: Press Release; Source: Competition and Consumer Commission of Singapore

CCCS Clears Proposed Acquisition by Nasdaq Technology AB of Cinnober Financial Technology AB Involving Market Technology Products

This is to notify that the Competition and Consumer Commission of Singapore (CCCS) cleared the proposed acquisition of Cinnober Financial Technology AB by Nasdaq Technology AB (the Proposed Transaction). The CCCS after reviewing concluded that the Proposed Transaction, if carried into effect, will not infringe the Section 54 prohibition o ...
Date: 27 November 2018; Type: Press Release; Source: Competition and Consumer Commission of Singapore

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

INDUSTRY UPDATES

Championing Rule of Law, Speedy Justice under Guevarra's Helm

MANILA, Jul 21 (PNA) - It has been a little over a year this month when the team led by Secretary Menardo I. Guevarra took over the helm of the Department of Justice (DoJ) and has since proven to be a dynamic organization dedicated to President Rodrigo Duterte's commitment towards transparency in governance and the elimination of corruption in all levels of the bureaucracy.

Read More

INDUSTRY UPDATES

NegOcc MSMEs upbeat on PH Innovation Act

BACOLOD CITY, Jul 20 (PNA) - The signing of the Philippine Innovation Act has made Micro, Small and Medium Enterprises (MSMEs) in Negros Occidental optimistic about the growth and development of local entrepreneurs.

Read More

INDUSTRY UPDATES

Tax Academy offers Online Courses for BIR, BOC Employees

MANILA, Jul 18 (PNA) - The Philippine Tax Academy (PTA) has completed the development of 14 competency-based mandatory online studies required for new hires at the Bureau of Customs (BOC) as well as refresher courses for existing BOC employees, the Department of Finance (DOF) announced in a statement on Thursday.

Read More

INDUSTRY UPDATES

PRRD to only face PH Court

MANILA, Jul 17 (PNA) - President Rodrigo Duterte has no intention to face the international tribunal stressing that he would only answer to the Philippine courts.

Read More

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.

Read More

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.

Read More

INDUSTRY UPDATES

Labour Ministry opens Automation Center

BANGKOK, Jul 17 (NNT) - On efforts to push the Thai industrial sector into the 4.0 era, human resources must be capable of operating technology and automated systems, especially in the Eastern Economic Corridor (EEC) development project. To achieve this goal, the Ministry of Labour has established a human resources development center on automation and robots at the Institute for Skills Development 3, located in Chonburi.

Read More

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.

Read More

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.

Read More

INDUSTRY UPDATES

Mandalay Region Hluttaw approves New High Court Judge

Mandalay Region Hluttaw was unanimously appointed a new regional high court judge on the second day of the second session of the hluttaw after being nominated by the regional chief minister.

Read More

INDUSTRY UPDATES

DOJ forms Special Team to probe Kidapawan Broadcaster's Slay

MANILA, Jul 12 (PNA) - Department of Justice (DOJ) Secretary Menardo Guevarra on Friday said he has ordered a special investigation team to look into the killing last Wednesday of radio commentator Eduardo Dizon who was gunned down on the way home in Kidapawan City, Cotabato.

Read More

INDUSTRY UPDATES

New BSP Deputy Governor sworn in

MANILA, Jul 12 (PNA) - Francisco G. Dakila Jr. received his oath of office as Deputy Governor for Monetary and Economics Sector (MES) in ceremonies administered by Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno on Thursday.

Read More

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.

Read More

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.

Read More

INDUSTRY UPDATES

Free Legal Service to be provided for the Poor

Legal aid groups will provide free legal services to poor people and those in need of legal assistance across the country in an effort to support the rule of law and restore public trust in the judiciary.

Read More

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.

Read More

INDUSTRY UPDATES

SolGen asks SC to dismiss Writ of Kalikasan Suit on WPS

MANILA, Jul 9 (PNA) - Solicitor General Jose Calida on Tuesday asked the Supreme Court (SC) to dismiss the petition filed against government agencies, which seeks unspecified action on the disputed areas in the West Philippine Sea.

Read More

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.

Read More