MyCC working closely with ministries to detect, stop diesel cartel activities

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MyCC working closely with ministries to detect, stop diesel cartel activities
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Artificial intelligence has persuaded a lot of folks that we need to radically overhaul education.

PETALING JAYA: The Malaysia Competition Commission is working closely with the relevant ministries in getting access to data to detect cartel activities linked to targeted diesel subsidy information, it says.

"The crucial data will allow us to detect and respond to any signs of market distortion, particularly cartel activities," said MyCC. "MyCC will take strict action against any company found engaging in cartel behavior or price collusion which undermines the integrity of the market and therefore derail the implementation," said MyCC

To strengthen our readiness and efforts, significant resources have been dedicated to enforce the Competition Act 2010 against any parties who retaliate through related economic sabotage behaviours” said Iskandar Ismail, the Chief Executive Officer of MyCC.

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