KUALA LUMPUR: The Malaysia Competition Commission (MyCC) has cautioned sure enterprises over latest statements to customers concerning the potential improve within the costs of meals gadgets and different items.
In a press release, the competitors regulator stated it considered the feedback to customers with “deep concern”, provided that the enterprises had robust leverage within the related markets.
“The stated statements may quantity to an try to form the conduct of enterprises available in the market.
“Such actions, if discovered to have the thing of considerably stopping, proscribing or distorting competitors available in the market, can increase competitors issues beneath the Competition Act 2010. For occasion, signalling the market on potential price improve.
“The stated statements of those entities are pointless and may trigger worry and panic amongst customers,” it stated.
It added that price signalling might embody an invite to collude or a public assertion that has the potential anti-competitive results of pricing disclosures and should quantity to a violation beneath both generic prohibitions of anti-competitive agreements, or concerted practices prohibitions.
According to MyCC, the latest statements warned customers and others to organize themselves for costs to rise as much as 10% and to anticipate a disruption to sure important meals gadgets till Ramadhan and Aidilfitri because of the extended dialogue on subsidy.
MyCC reminded all events to focus their consideration to working with the federal government to discovering one of the best mechanism to handle the issues.
“MyCC will continue to actively monitor these situations and assess the impact of anti-competitive price signalling and price disclosures; investigate anti-competitive information disclosure and exchanges; and, where appropriate, take enforcement actions including imposing appropriate penalty and direction against the parties concerned,” stated MyCC CEO Iskandar Ismail.
