malaysia - Competition Law & Anti-Trust - News

MyEG receives Warning for Non-Compliance in RM9.46 Million Penalty

KUALA LUMPUR, Feb 8 (Bernama) - The Malaysia Competition Commission (MyCC) has warned MyEG Services Bhd for continuously been in non-compliance with the decision of the Competition Appeal Tribunal (CAT) on Dec 28, 2018 to pay a daily penalty of RM7,500.
Date: 08 February 2019; Type: Legal News; Source: Bernama

High Court upholds MyCC Decision against MyEG

KUALA LUMPUR, Jan 24 (Bernama) - The High Court of Kuala Lumpur has upheld the decision of the Malaysia Competition Commission (MyCC) against MY E.G. Services Bhd and MYEG Commerce Sdn Bhd (collectively referred to as MyEG) under section 10(2)(d)(iii) of the Competition Act 2010 for abusing its dominant position.
Date: 24 January 2019; Type: Legal News; Source: Bernama

Sector Regulators meet to discuss Competition Issues

KUALA LUMPUR, Dec 21 (Bernama) - The Malaysia Competition Commission (MyCC) held a special committee meeting recently to discuss issues related to the competition law and policy to ensure consistency in the application of the law between sector regulators. It also discussed issues on cross-jurisdictional matters. The special committee con ...
Date: 21 December 2018; Type: Legal News; Source: Bernama

High Court reinstates RM10 Million Fine imposed on MAS and AirAsia

KUALA LUMPUR, Dec 20 (Bernama) - The High Court here today reinstated the decision of the Malaysia Competition Commission (MyCC) which imposed a fine of RM10 million each on the country's two major carriers, Malaysia Airlines (MAS) and AirAsia Bhd for breach of market-sharing prohibition under the Competition Act 2010. Judge Datuk Nordin Hassa ...
Date: 20 December 2018; Type: Legal News; Source: Bernama

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.
Date: 13 December 2018; Type: Industry Updates; Source: Bernama

Subang Jaya Businesses ordered to pay MYCC Penalty

KUALA LUMPUR, Oct 29 (Bernama) - Having been found guilty of infringing Section 4 of the Competition Act 2010 (Act 712), seven tuition and day care centres in SS19 Subang Jaya have been ordered to pay a penalty of RM33,068.85. The Malaysian Competition Commission (MyCC) in a statement today said that the businesses entered into an agreement in ...
Date: 29 October 2018; Type: Legal News; Source: Bernama

MyCC appoints Mohd Hishamudin as New Chairman

KUALA LUMPUR, Sept 28 (Bernama) - The Malaysia Competition Commission (MyCC) has appointed former Court of Appeal Judge, Datuk Seri Mohd Hishamudin Md Yunus as its new chairman, effective Sept 5.
Date: 28 September 2018; Type: Industry Updates; Source: Bernama

Malaysian Bar Constitutional Challenge : Federal Court set September 13 for Clarification

PUTRAJAYA, Sept 7 (Bernama) - The Federal Court has set Sept 13 for clarification regarding the constitutional challenge bid by the Malaysian Bar and Advocates Association of Sarawak (AAS) over the validity of former top two judges's extension of tenure as Chief Justice and Court of Appeal President then after reaching retirement age.
Date: 07 September 2018; Type: Industry Updates; Source: Bernama

MyCC investigates Tyres, Beverages Companies for Anti-competitive Behaviours

KUALA LUMPUR, Sept 7 (Bernama) - The Malaysia Competition Commission (MyCC) has initiated investigations on tyres and beverage companies in Malaysia for possible anti-competitive behaviours following the direction of the Domestic Trade and Consumer Affairs Ministry to determine whether these actions raised concerns under the relevant laws.
Date: 07 September 2018; Type: Industry Updates; Source: Bernama

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

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

Special Committee to discuss with Bernas on Monopoly Issue

KUALA LUMPUR, June 21 (Bernama) - The Agriculture and Agro-based Inidustry Ministry and the special committee chaired by Economic Affairs Minister Datuk Seri Mohamed Azmin Ali will hold a series of discussions with Syarikat Padiberas Nasional Berhad (Bernas) to study Bernas' monopoly over the country's rice supply, including its sole right to impor ...
Date: 21 June 2018; Type: Legal News; Source: Bernama

Copyright Infringement: Faiz rice ordered to pay over RM4 Million to Faiza Sdn Bhd

KUALA LUMPUR, June 4 (Bernama) - The High Court here today ordered manufacturer, distributor and rice retailer company, Faiz Rice Sdn Bhd to pay RM4,160,000 in damages to Syarikat Faiza Sdn Bhd for copyright infringement. Judgment on the assessment of damages was issued by Judge Datuk Wong Kian Kheng in a lawsuit over copyright and trademark i ...
Date: 04 June 2018; Type: Legal News; Source: Bernama

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

INDUSTRY UPDATES

Men too face Sexual Harassment at Workplace

SUNGAI PETANI, Feb 14 (Bernama) - Men too have been recorded as being victims of sexual harassment at the workplace, said Women, Family and Community Development Deputy Minister, Hannah Yeoh.

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INDUSTRY UPDATES

LHDN launches eProcurement System, Suppliers' Portal

CYBERJAYA, Feb 13 (Bernama) - The Inland Revenue Board (LHDN) has launched the eProcurement (eP) system and the Suppliers’ portal as a continuous effort to improve service delivery to suppliers or tenderers dealing with the agency.

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INDUSTRY UPDATES

New Policies, Incentives needed under EAC to spur Investments

KUALA LUMPUR, Feb 12 (Bernama) - New policies and incentives must be formulated to encourage both domestic and foreign private investments for the newly minted Economic Action Council (EAC) to achieve its aim of stimulating sustainable growth.

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INDUSTRY UPDATES

SC Chairman elected Vice Chair of International Organisation of Securities Commission

KUALA LUMPUR, Feb 12 (Bernama) - The Securities Commission Malaysia (SC) chairman Datuk Syed Zaid Albar has been elected vice-chair of the International Organisation of Securities Commissions (IOSCO) Growth and Emerging Markets (GEM) Committee.

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INDUSTRY UPDATES

Economic Action Council formed

PUTRAJAYA, Feb 11 (Bernama) - The Prime Minister’s Office (PMO) today announced the establishment of the Economic Action Council, which is tasked with scrutinising and making decisions regarding economic and financial affairs as well as the people's well-being.

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INDUSTRY UPDATES

Najib's New Money Laundering Case transferred to High Court

KUALA LUMPUR, Feb 11 (Bernama) - The case of former prime minister Datuk Seri Najib Tun Razak involving three additional charges of money laundering to the tune of RM27 million of SRC International funds will be heard in the High Court.

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INDUSTRY UPDATES

Sabah Government should Consider amending Wildlife Conservation Enactment 1997 - Lee Lam Thye

KUALA LUMPUR, Feb 10 (Bernama) - The Sabah State Government should consider amending its Wildlife Conservation Enactment 1997 to make the killing of fully protected animals as a strict liability offence, animal rights activist Tan Sri Lee Lam Thye urged.

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INDUSTRY UPDATES

Malaysia ranks First in World's Best Healthcare Category

KUALA LUMPUR, Feb 6 (Bernama) - Malaysia, with a score of 95 out of 100, ranked first in the Best Healthcare in the World category of the 2019 International Living Annual Global Retirement Index.

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INDUSTRY UPDATES

No Cabinet reshuffle, Says Mahathir

KUALA LUMPUR, Feb 6 (Bernama) - Prime Minister Tun Dr Mahathir Mohamad today dismissed rumours of a Cabinet reshuffle that would reportedly take place after the Chinese New Year festival, saying there was no such thing.

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INDUSTRY UPDATES

Contact IRB for Clarification on Voluntary Disclosure, Taxpayers told

PUTRAJAYA, Feb 1 (Bernama) - Tax payers who receive letters or email from the Inland Revenue Board of Malaysia (IRB) in relation to the Special Voluntary Disclosure Programme need not worry but instead contact the revenue collection department to seek further clarification.

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INDUSTRY UPDATES

New Cryptocurrency for Online Gaming

KUALA LUMPUR, Jan 31 (Bernama) - Five Colors Technologies Ltd has announced that new cryptocurrency, Five Colors Coin (FCC), is to become e-sports money and will be listed on CoinBene with the initial exchange offering (IEO) carried out today.  

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INDUSTRY UPDATES

Workers' Strike due to Three Months Unpaid Salary - Labour Department

PUTRAJAYA, Jan 31 (Bernama) - The Labour Department has found that the recent three-day strike by some 2,000 foreign workers at a rubber glove manufacturing company in Sepang, Selangor, was triggered by the company’s failure to pay workers’ salaries for three months since November last year.

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INDUSTRY UPDATES

Sultan Abdullah sworn in as the New King

KUALA LUMPUR, Jan 31 (Bernama) - The Sultan of Pahang, Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah, was sworn in today as the new Yang di-Pertuan Agong in a ceremony steeped in tradition at Istana Negara here.

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INDUSTRY UPDATES

GST Refunds being paid out in Stages: Customs D-G

PUTRAJAYA, Jan 30 (Bernama) - Most of the claims for Goods and Services Tax (GST) refunds submitted to the Royal Malaysian Customs Department have moved past the review process with payouts having commenced and expected to proceed in stages until year-end, says director-general Datuk Seri T. Subromaniam.

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INDUSTRY UPDATES

Bursa appoints Shireen Muhiudeen as Non-Executive Chairman

KUALA LUMPUR, Jan 30 (Bernama) - Bursa Malaysia Bhd has appointed Datuk Shireen Ann Zaharah Muhiudeen as public interest director and non-executive chairman to succeed Tan Sri Amirsham A Aziz, effective March 1, 2019.

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