Competition Law & Anti-Trust

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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.

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CCCS issues Note on Airline Alliances

The guidance note highlights procedural and substantive issues commonly encountered during CCCS' review process, and how airlines can take steps to avoid them.
Date: 06 September 2018; Type: Legal News; Source: Singapore Law Watch

Notice of Initiation of Administrative Review of an Anti-Dumping Duty with regard to the Imports of Hot Rolled Coils

This is to notify that the Government of Malaysia has received a request from PT Krakatau Steel (Persero) Tbk. for an administrative review on the imposition of an anti-dumping duty on the imports of hot rolled coils originating or exported from the People’s Republic of China and Republic of Indonesia. The Government of Malaysia has initiated ...
Date: 14 August 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (B) 489 of 2018; Source: AGC Federal Gazette

PCC gives Nod to Grab-Uber Deal

MANILA, Aug 10 (PNA) - The Philippine Competition Commission (PCC) Chairman Arsenio Balisacan announced Friday the antitrust body has given the green light to go ahead with the acquisition deal between transport network companies (TNCs) Grab and Uber.
Date: 10 August 2018; Type: Legal News; Source: Philippine News Agency

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

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

Notice of Initiation of an Anti-Dumping Duty Investigation with Regard to the Imports of Flat Rolled Product of Iron Alloy or Non-Alloy Steel Plated or Coated with Zinc Using Hot Dip Process

The Government of Malaysia has received a petition alleging that the People’s Republic of China and the Socialist Republic of Viet Nam has violated the Anti-Dumping Duties Regulations 1994, causing material injury to the Malaysian domestic industry. The Government has determined that there exists sufficient evidence to warrant an anti-dumping ...
Date: 25 July 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (B) 435 of 2018; Source: AGC Federal Gazette

Notice of Initiation of Expedited Review of the Anti-Dumping Duties with respect to the Imports of Electrolytic Tinplate

The anti-dumping duties shall be applicable on imports of Electrolytic Tinplate originating in or exported from Zhongshan Shunwei Import and Export Co., Ltd from the People’s Republic of China as of 26 July 2018 to 15 November 2018.
Date: 25 July 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (B) 434 of 2018; Source: AGC Federal Gazette

Notice of Impending Termination of the Imposition of Anti-Dumping Duties on Imports of Electrolytic Tinplate Originating or Exported from the People’s Republic of China and the Republic of Korea

This is to notify the expiry of the anti-dumping duties imposed on imports of electrolytic tinplate originating or exported from the People’s Republic of China and the Republic of Korea under the Customs (Anti-Dumping Duties) (No. 3) Order 2013 on 15 November 2018. Interested parties may give their views on the impending termination of the im ...
Date: 16 July 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (B) 388 of 2018; Source: AGC Federal Gazette

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

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

CA affirms ERC Jurisdiction over Energy Sector Competition Cases

MANILA, July 1 (PNA) - The Court of Appeals (CA) affirmed that the Energy Regulatory Commission (ERC) has the power to resolve cases of anti-competitive behavior and other unfair trade practices in the energy sector.
Date: 01 July 2018; Type: Legal News; Source: Philippine News Agency

Supervisory Commission to crack down on International Cartel Networks

Jakarta (ANTARA News) - Business Competition Supervisory Commission (KPPU) will be immediately in charge of cracking down on the international cartel networks, chairman of the commission Syarkawi Rauf said at a press con ...

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Draft Bill against Real Estate Monopolies sent to Attorney General

A draft bill to prevent real estate monopolies and increase government tax revenue is being submitted to the Attorney General’s office, according to Deputy Planning and Finance Minister U Maung Maung Win.

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PCC gives Nod to Grab-Uber Deal

MANILA, Aug 10 (PNA) - The Philippine Competition Commission (PCC) Chairman Arsenio Balisacan announced Friday the antitrust body has given the green light to go ahead with the acquisition deal between transport network ...

CA affirms ERC Jurisdiction over Energy Sector Competition Cases Independent Federal Competition Authority eyed in New Constitution Ayala Land-Central Azucarera de Tarlac Asset Deal gets Nod more

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, ir ...

CCCS issues Note on Airline Alliances CCCS ends Assessment of Maritime Products Merger after Parties abandon Merger Grab/Uber merger: CCCS Provisionally finds that the Merger has substantially lessened Competition more

INDUSTRY UPDATES

Indonesia hands over Chairmanship of ASEAN Committee to Thailand

Jakarta, Sept 25 (ANTARA News) - Indonesian Ambassador to Kuwait, Tatang Budie Utama Razak, handed over the chairmanship of ASEAN Committee in Kuwait (ACK) for the period of January-June 2018 to ACK Chairman of the next period, Ambassador of Thailand to Kuwait, Dusit Manapan, on Sept 19.

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NLA receives Support from Labor Groups for Enactment of New Labor Protection Law

BANGKOK, Sept 26 (NNT) - Representatives of various labor groups have expressed support for the National Legislative Assembly’s enactment of a new version of the Labor Protection Act.

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House holds Marathon Budget Deliberations to meet October Deadline

MANILA, Sept 25 (PNA) - The House of Representatives is holding marathon deliberations - even extending the plenary session until the wee hours - on the proposed PHP3.757-trillion 2019 national budget to meet its approval deadline by October 12, Speaker Gloria Macapagal-Arroyo said on Tuesday.

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DOJ awaits BI Comments, Records on Fox Deportation Case

MANILA, Sept 25 (PNA) - Justice Secretary Menardo Guevarra has asked the Bureau of Immigration (BI) to file a formal comment on the petition for review of the government's deportation order against Australian missionary nun Patricia Fox.

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IPOPHL to roll out Green Lane for Trademark Applications

MANILA, Sept 25 (PNA) - The Intellectual Property Office of the Philippines (IPOPHL) is set to roll out a ‘green lane’ for trademark applications that will slash the average processing time for registration, which currently takes about eight months to be approved.

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BSP warns Public against Frauds, Scams

LEGAZPI CITY, Sept 25 (PNA) - The Bangko Sentral ng Pilipinas (BSP) on Tuesday warned the public against frauds and scams, in the wake of the fast approaching holiday season.

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Corporate Income Tax cuts won't lead to Job Losses

MANILA, Sept 25 (PNA) - Finance Undersecretary Karl Chua said the removal of certain incentives under the proposed tax reform measure will not result in job losses.

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Yangon Court allows Trial to resume in Celebrity Slaying

Yangon Region High Court decided on Monday to let the trial go ahead in the murder of Facebook celebrity Aung Ye Htwe and cancel the order by the district court to withdraw the case.

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Fundamental Freedoms must be aligned with International Standards - Dewan Rakyat Speaker

KUALA LUMPUR, Sept 25 (Bernama) - Parliamentarians have to ensure that the Federal Constitution and laws relating to freedom of expression, access to information and press freedom are in line with international human right standards, said Dewan Rakyat Speaker Datuk Mohamad Ariff Md Yusof.

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INDUSTRY UPDATES

SME Mart to assist Entrepreneurs Market Products Overseas

SHAH ALAM, Sept 24 (Bernama) - SME Mart, an initiative introduced by Dewan Ekonomi Usahawan Malaysia (DEUM) will serve as a platform for Small and Medium Enterprise (SME) entrepreneurs to sell their products on both the local and international market.

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SGX proposes New “trade at close” Session for Securities Market

Singapore Exchange (SGX) is seeking public feedback on the proposed introduction of a new trading session for the securities market, the “trade at close” (TAC), which will take place after the closing auction routine ends.

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PHL Officials to brief UK Investors on Opportunities in Infra, Other Sectors

A Duterte Cabinet delegation led by Finance Secretary Carlos Dominguez III will embark on a three-day mission to London this week to brief British investors on the vast business opportunities in the country’s infrastructure, energy and tourism sectors and explore ways to expand economic cooperation between the Philippines and the United Kingdom.

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DOF thanks House for Final OK of Corporate Tax Reform Bill

The Department of Finance (DOF) has thanked the House of Representatives for approving on third and final reading the bill seeking to lower the corporate income tax (CIT) and correct the convoluted incentives system for businesses, as it expressed optimism that the Senate would pass a similar measure soon enough to enable the people to reap the benefits of a fair, transparent and accountable tax system in the form of more investments and jobs.

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PH Ambassador to Bahrain participates in a Roundtable on International Labor Standards

MANAMA, Sept 24 - Philippine Ambassador to Bahrain Alfonso A. Ver participated in a roundtable discussion on various International Labor Organization’s (ILO) conventions on foreign workers with the ILO Direct Contact Mission to Bahrain on 18 September 2018.

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HK Business Seminar puts Spotlight on Investment Opportunities in PH

HONG KONG, Sept 24  - Top-level government officials reassured potential investors in Hong Kong that the Philippines under President Rodrigo Duterte is working “non-stop” to ensure that the necessary policies, fiscal measures and legal framework relating to ease of doing business and investments are in place.

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MAS outlines Enforcement Approach to deter, detect and investigate Breaches of Rules and Regulations

Singapore, Sept 24 - The Monetary Authority of Singapore (MAS) has published an Enforcement monograph to provide greater clarity and transparency into how MAS deters, detects, investigates and takes action against breaches of the rules and regulations it administers. The monograph outlines how MAS’ Enforcement Department works together with the other financial sector oversight functions in MAS to uphold Singapore’s reputation as a clean and trusted financial centre.

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International Maritime Community re-affirms Co-operation in the Straits of Malacca and Singapore

More than 180 participants from around 80 maritime administrations and organisations, as well as embassies in Singapore, attended the 11th Co-operation Forum this morning, where they reaffirmed their commitment to strengthen cooperation in the Straits of Malacca and Singapore (SOMS).

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Chartered Accountant and Lawyer among those who joined Scheme as Proxy Decision-Makers

Lawyer Haryadi Hadi, 35, decided to be a professional deputy as he has wealthy clients who are single, childless or have strained ties with their loved ones and they cannot find anyone to be their proxy decision-makers should they become mentally incapacitated.

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