Tuesday, 23 January 2018
Sort Updates

IP & Technology Law

Strengthening Competition through Market Review

Date: 09 January 2018; Type: Legal News; Source: Competition Commission

KUALA LUMPUR, Jan 9 - The Malaysia Competition Commission (MyCC) has published two market reviews under the Competition Act 2010 (CA 2010) on pharmaceutical sector and building materials in the construction industry which are available on its website. The report is finalized after taking into consideration the views and feedback received from the stakeholders and public.

These sectors were selected based on prior analysis on general understanding and knowledge of existing market conditions in Malaysia and other jurisdictions, particularly sectors with a high probability for practices in cartels or collusion as well as abuse of dominance that affect the production and provision of essential goods or services, and the concerns on consumer’s welfare on cost of living and social benefits.

The market review on pharmaceutical sector focuses only on prescription medicines within two level of supply chain which are the manufacturers of generic medicines and importers of originator and generic medicine (first level) and the wholesalers anddistributors (second level).

MyCC’s Chief Executive Officer, Dato’ Abu Samah bin Shabudin said, “Although access to medicine has not traditionally been addressed through competition law, this scenario has been changed. Competition authorities in various jurisdictions are playing a large role in using competition law to improve the price, availability and transfer of health technologies.”

On the other hand, the market review on building materials in the construction industry was conducted due to the concerns raised by relevant government agencies in relation to the rising cost of living and less affordable housing in Malaysia.

Therefore, in this market review focuses on four building materials namely steel, cement, ready-mixed concrete and sand which accounted close to 60% of the estimated value of top 8 building materials used in construction projects in 2016. The findings from this market review show that the four building materials are not the main factor that influence the rising cost of housing.

The final reports of the said market reviews are made available on the MyCC website at www.mycc.gov.my.

Notice: The Publishers of Asean LIP acknowledge the permission granted by the relevant official/ original source for the reproduction of the above/ attached materials. You shall not reproduce the above/ attached materials in whole or in part without the prior written consent of the Publishers and/or the original/ official source. Neither the Publishers nor the official/ original source will be liable for any loss, injury, claim, liability, or damage caused directly, indirectly or incidentally to errors in or omissions from the above/ attached materials. The Publishers and the official/ original source also disclaim and exclude all liabilities in respect of anything done or omitted to be done in reliance upon the whole or any part of the above/attached materials. The access to, and the use of, Asean LIP and contents herein are subject to the Terms of Use.

Get ASEAN LAW ALERT

Legal updates by e-mail. It's Free.

Industry Updates

Finance Ministry offers Tax Incentive for Nursery in Workplace

BANGKOK, Jan 21 (NNT) - The Ministry of Finance is offering a tax incentive to encourage manufacturers to set up nurseries at working places as a basic welfare for employees and workers.

More Updates Read More

Industry Updates

Industry Ministry offers Supportive Measures for SMEs

BANGKOK, Jan 22 (NNT) - The Ministry of Industry is offering nine supportive measures for SME industry.

More Updates Read More

Industry Updates

It took Sleuths Four Years to crack Biggest Price-Fixing Case

A team from the Competition Commission of Singapore checked thousands of documents and conducted extensive interviews with senior executives from the firms for a period of over four years before cracking the biggest price-fixing scam.

More Updates Read More

Industry Updates

Government to intensify Efforts to help Entrepreneurs digitize Business

ALOR SETAR, Jan 21 (Bernama) - The government will intensify efforts to help local entrepreneurs digitise their businesses to increase income, said Deputy Finance Minister 1, Datuk Wira Othman Aziz.

More Updates Read More

Industry Updates

Relocation of Industrial Court of Malaysia

The Industrial Court of Malaysia have been relocated to Level 14, Wisma PERKESO, No 155 Jalan Tun Razak, 50400 Kuala Lumpur; Tel No: 03-9236 5000; Fax No: 03-2681 0100.

More Updates Read More

Industry Updates

University gets $2M Donation for Law Scholarship

The estate of Madam Irene Tan Liang Kheng donated over two million Singapore dollars to the Singapore University of Social Sciences School of Law to set up a new scholarship for students passionate about criminal and family law.

More Updates Read More

Industry Updates

NLA approves Nomination of New Auditor General

BANGKOK, Jan 19 (NNT) - The National Legislative Assembly has approved the nomination of a new Auditor General.

More Updates Read More

Industry Updates

Property Lawyer faces 34 Money Laundering Charges

PETALING JAYA, Jan 19 (Bernama) - A property lawyer was charged in two separate Sessions Courts here today with 34 counts of money laundering involving RM6,870,872.15, two years ago.

More Updates Read More

Industry Updates

Indonesia, Netherlands share Similar Legal DNA, Future Challenges: Ambassador

Jakarta, Jan 18 (ANTARA News) - Indonesia and the Netherlands share commonalities in the substantive law and legal structure, or called "legal DNA," and future challenges in terms of the rule of law and security, Dutch Ambassador to Indonesia Rob Swartbol stated.

More Updates Read More

Industry Updates

Press Freedom also means following the Law: US Pinoy Group

MANILA, Jan 18 (PNA) - The Securities and Exchange Commission (SEC) has legal grounds to revoke the registration of Rappler, according to Virginia-based Filipino group US Pinoys for Real Change in the Philippines (USPRCP).

More Updates Read More

Industry Updates

Two Ex-Chief Justices say Congress should vote on Cha-Cha separately

MANILA, Jan 18 (PNA) - Two former Supreme Court (SC) Chief Justices on Wednesday said that if the Congress should convene in a constituent assembly (con-ass) to amend the 1987 Constitution, voting should be done separately and not jointly.

More Updates Read More

Industry Updates

Government continues to offer Free Legal Aid to Poor

Jakarta, Jan 18 (ANTARA News) - The government has continued to provide free legal aid to the poor as part of its strategy to increase access to justice and strengthen the rule of law in the country.

More Updates Read More