Competition Law & Anti-Trust

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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, if carried into effect, will not infringe the section 54 prohibition of the Competition Act (Cap. 50B).

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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

Competition Watchdog gets New Name, bigger Role

The Competition Commission of Singapore has been renamed as the Competition and Consumer Commission of Singapore from April 1 onwards, and has taken over the enforcement of rules relating to retailers that persist in unfair trade practices as well.
Date: 07 April 2018; Type: Legal News; Source: Singapore Law Watch

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

Grab-Uber Deal faces Interim Action to ensure Competition

The Competition Commission of Singapore has proposed an interim measure that will require both firms to maintain independent operations while the commission checks whether these companies have infringed the Competition Act.
Date: 31 March 2018; Type: Legal News; Source: Singapore Law Watch

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 Commission

Ayala Land-Central Azucarera de Tarlac Asset Deal gets Nod

MANILA, Mar 8 (PNA) - The Philippine Competition Commission (PCC) has approved the transaction between Ayala Land, Inc. and Central Azucarera de Tarlac
Date: 08 March 2018; Type: Legal News; Source: Philippine News Agency

PCC okays Ningbo Joyson’s Buyout of Takata Assets

MANILA, Feb 28 (PNA) - The Merger and Acquisition Office (MAO) of the Philippine Competition Commission (PCC) has approved the buyout of Takata Corporation’s assets by Ningbo Joyson Electronics Corp.
Date: 28 February 2018; Type: Legal News; Source: Philippine News Agency

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

Anti-Trust Body okays SMC Global Power Deals

MANILA, Feb 26 (PNA) - The Philippine Competition Commission (PCC) sees no anti-competitive behavior in SMC Global Power Holdings, Inc.’s purchase of shares in Masin-AES Pte. Ltd., AES Transpower Pte. Ltd., and AES Philippines, Inc.
Date: 26 February 2018; Type: Legal News; Source: Philippine News Agency

EU ready to help PH in strengthening Enforcement of Competition Law

MANILA, Feb 21 (PNA) - The European Union (EU) is willing to help the Philippines in strengthening the enforcement of the Philippine Competition Act (PCA), EU Ambassador to the Philippines Franz Jessen said.
Date: 22 February 2018; Type: Legal News; Source: Philippine News Agency

Anti-Trust Body may ease Rules

MANILA, Feb 22 (PNA) - The Philippine Competition Commission (PCC) is eyeing to ease some of its rules, more particularly about the rules on forbearance.
Date: 22 February 2018; Type: Legal News; Source: Philippine News Agency

PCC urged to hike P1-B Notification Threshold

MANILA, Feb 21 (PNA) - The Philippine Competition Commission (PCC) has received requests to hike the current PHP1-billion notification threshold for merger and acquisition deals.
Date: 21 February 2018; Type: Legal News; Source: Philippine News Agency

PCC voids Udenna-KGLI Deal, fines Firms

MANILA, Feb 19 (PNA) - Udenna Corp. and KGL Investment Cooperatief (KGLI Coop) are facing twin penalties following the decision of the Philippine Competition Commission (PCC) on the transaction between the two companies.
Date: 19 February 2018; Type: Legal News; Source: Philippine News Agency

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

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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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 ...

Proposed Decision on Seven Tuition and Day Care Centres for Price Fixing Conduct MyCC proposes Penalty on Seven Tuition and Day-Care Centres MyCC signs Corruption-Free Pledge more

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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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&rdqu ...

Competition Watchdog gets New Name, bigger Role Competition (Amendment) Regulations 2018 Grab-Uber Deal faces Interim Action to ensure Competition more

INDUSTRY UPDATES

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, if carried into effect, will not infringe the section 54 prohibition of the Competition Act (Cap. 50B).

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INDUSTRY UPDATES

House and Senate successfully hold “Sports Dual Meet 2018”

The House of Representatives and the Senate on Thursday successfully held their second congressional sports invitational tournament dubbed “Sports Dual Meet 2018” at the House Sports Complex in Batasan Hills, Quezon City.

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INDUSTRY UPDATES

President Joko Widodo to attend ASEAN Summit in Singapore

Jakarta Apr 20 (ANTARA News) - President Joko Widodo will attend the the 32nd Association of Southeast Asian Nations (ASEAN) Summit in Singapore on April 27-28, 2018.

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INDUSTRY UPDATES

Police probes Facebook over Data Privacy Violation

Jakarta, Apr 19 (ANTARA News) - The National Police is currently investigating third-party applications on Facebook that have allegedly violated the data privacy of users, an official stated here on Thursday.

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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

Role of In-house Lawyers must evolve, says Judge

In an event that unveiled a study of local general counsel by the Singapore Corporate Counsel Association and global law firm CMS, Judge of Appeal Steven Chong has given in-house counsel several pointers on what they need to do in their evolving role.

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INDUSTRY UPDATES

Passenger-Facing Cameras: encrypt Recordings and restrict Access

The new rule that allows the cab and private-hire car drivers to install infacing cameras should not threaten the passenger privacy according to customer feedback.

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INDUSTRY UPDATES

Cabinet confirms Appointment of New Permanent Secretary of Finance

BANGKOK, Apr 18 (NNT) - The Cabinet has officially confirmed the appointment of the new Permanent Secretary of the Finance Ministry.

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INDUSTRY UPDATES

Thailand preparing to host 12th ASEAN Skills Competition

BANGKOK, Apr 18 (NNT) - Thailand is making preparations to host the 12th ASEAN Skills Competition, the objective of which is to urge adolescents and workers in the region to be enthusiastic about developing their skills in line with new technology.

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INDUSTRY UPDATES

Government pardons nearly 8500 Prisoners, including Student Activists’ Killer

The Presidential Office announced on Tuesday that 8541 prisoners, including 51 foreigners, were released from prisons across the country.

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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

Illegal OFWs in Kuwait have until Thursday to avail of Amnesty Program

KUWAIT, Apr 18 (PNA) - Philippine Ambassador to Kuwait Renato Villa has announced that the Kuwaiti Department of Immigration under the Ministry of Interior has officially declared Thursday (April 19) as the last day for Filipinos to file their application for the amnesty program set to expire on April 22.

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INDUSTRY UPDATES

Indonesia, Vietnam discuss Cooperation in Fisheries and Maritime Affairs

Jakarta Apr 18 (ANTARA News) - Indonesian Foreign Minister Retno Marsudi discussed cooperation in maritime affairs and fisheries with her Vietnamese counterpart, Pham Bihn Mihn, during the third joint commission meeting between the two countries.

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