KUALA LUMPUR, June 10 — The Malaysia Competition Commission (MyCC) pledged to ensure competitive market practices following the implementation of targeted diesel subsidies in...
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MyCC chief executive officer Iskandar Ismail said the commission is currently working closely with the Domestic Trade and Cost of Living Ministry and Finance Minister to get access to crucial data to detect and respond to any signs of market distortion, particularly cartel activities. “MyCC will take strict action against any company found engaging in cartel behaviour or price collusion, which undermines the market’s integrity and derails the implementation of the targeted subsidies mechanism.“We will act without fear or favour against any players at any level of the supply chain that shows signs of preventing, restricting or distorting competition in any market for goods or services,” he said today.
Malaysia Competition Commission Mycc Iskandar Ismail Domestic Trade And Cost Of Living Ministry Budi Madani Diesel Price Amir Hamzah Azizan Targeted Diesel Subsidies
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