MyCC sets course for 2015

PETALING JAYA: The Malaysia Competition Commission (MyCC), fresh from the entry of a new CEO, will focus on small to medium enterprises (SMEs), pharmaceutical, professional bodies and bid rigging issues this year.
MyCC has handled up to 40 active cases in 2014.
"With regard to MyCC's directions in 2015, the Commission will focus on SMEs, pharmaceutical, professional bodies and bid rigging issues," Domestic Trade, Cooperatives and Consumerism Minister (DTCC) Datuk Seri Hasan Malek said in a statement yesterday.
MyCC said its continued focus on the SMEs especially through advocacy is due to the fact that most businesses in Malaysia are made up of SMEs, which collectively enable the sector to shape the business landscape.
"Following the SME Survey developed and conducted in collaboration with SME Corp last year, the MyCC plans for more targeted involvement with the SMEs this year," it said.
MYCC's focus on the pharmaceutical sector on the other hand, is based on numerous complaints received last year regarding competitive issues in the sector.
Meanwhile, with regard to professional bodies, the MyCC will continue to solidify its collaboration with the Malaysia Productivity Corporation (MPC) to conduct the Regulatory Impact Assessment (RIA) in the areas of competition.
"This follows through from the market review and public consultations held by the MyCC before this regarding price fixing by professional bodies."
In addition, MyCC said it will continue to focus on bid rigging issues following the advocacy activities conducted on the subject last year.
"Additionally for 2015, the MyCC will work towards forging a strategic alliance with the Ministry of Finance (MOF), Malaysia Anti-Corruption Commission (MACC) and National Audit Department (NAD) to gain better understanding and collaboration in combating bid rigging issues on a national level," it added.
As a new Commission that is still developing, MyCC said it will also continue its efforts on institutional and capacity building in addition to enforcing the Competition Act 2010 (CA 2010).