MyCC starts investigation on tyre and beverage companies – Nation

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MyCC starts investigation on tyre and beverage companies - Nation

KUALA LUMPUR (Bernama): The Malaysia Competition Commission (MyCC) has initiated investigations on tyre and beverage companies in Malaysia for possible anti-competitive behaviour.

This follows a directive from Domestic Trade and Consumer Affairs Minister Datuk Saifuddin Nasution Ismail, who was informed of price increase notices issued by certain industry players in July and August 2018 prior to the implementation of Sales and Service Tax (SST) on Sept 1, 2018.

MyCC director of investigation and enforcement division, Iskandar Ismail, said Saifuddin instructed MyCC, together with the Domestic Trade and Consumer Affairs Ministry’s (MDTCA) enforcement division, to conduct an investigation to determine whether these actions raised concerns under the relevant laws.

“The joint operation between the MyCC and the MDTCA will not be the last and we will continue to work with the ministry to enforce the law.

“Our joint effort is evidence of our commitment to ensure that the interests of consumers are protected. We will not hesitate to take stern action against enterprises who flout the law,” he said.

MyCC and the MDTCA jointly inspected several tyre companies, followed by MyCC’s inspections on the related associations.

Iskandar said a separate ground inspection was also carried out by the MyCC against a beverage manufacturer following its action of issuing a price revision notice to supermarkets and hypermarkets in Malaysia.

The investigation by the MyCC on these parties concerns Section 4 of the Competition Act 2010, while the investigation by the MDTCA was pursuant to the Price Control and Anti-Profiteering Act 2011.

Notices have been issued to the parties to produce certain data and documents within a deadline set by both authorities in order to assist further investigations. For more information on the Act and the MyCC’s activities, log on to www.mycc.gov.my. – Bernama

https://www.malayjournal.com



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