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March 29, 2024 -Friday

 
  STRENGTHENING COMPETITION THROUGH MARKET REVIEW

Tuesday 09/01/2018



KUALA LUMPUR, Jan 9 (Bernama) -- The Malaysia Competition Commission (MyCC) has published two market reviews under the Competition Act 2010 (CA 2010) on pharmaceutical sector and building materials in the construction industry which are available on its website. The report is finalized after taking into consideration the views and feedback received from the stakeholders and public.
 
These sectors were selected based on prior analysis on general understanding and knowledge of existing market conditions in Malaysia and other jurisdictions, particularly sectors with a high probability for practices in cartels or collusion as well as abuse of dominance that affect the production and provision of essential goods or services, and the concerns on consumer’s welfare on cost of living and social benefits.
 
The market review on pharmaceutical sector focuses only on prescription medicines within two level of supply chain which are the manufacturers of generic medicines and importers of originator and generic medicine (first level) and the wholesalers and distributors (second level).
 
MyCC’s Chief Executive Officer, Dato’ Abu Samah bin Shabudin said, “Although access to medicine has not traditionally been addressed through competition law, this scenario has been changed. Competition authorities in various jurisdictions are playing a large role in using competition law to improve the price, availability and transfer of health technologies.”

On the other hand, the market review on building materials in the construction industry was conducted due to the concerns raised by relevant government agencies in relation to the rising cost of living and less affordable housing in Malaysia. Therefore, in this market review focuses on four building materials namely steel, cement, ready-mixed concrete and sand which accounted close to 60% of the estimated value of top 8 building materials used in construction projects in 2016. The findings from this market review show that the four building materials are not the main factor that influence the rising cost of housing.
 
The final reports of the said market reviews are made available on the MyCC website at www.mycc.gov.my. 

About Malaysia Competition Commission (MyCC)

Established in June 2011, MyCC is an independent body responsible for enforcing the Competition Act 2010, which was implemented to create healthy competition which would in turn stimulate productivity and innovation, thus creating wider choices of products for consumers with better quality and reasonable prices. The Act applies to all commercial activities undertaken within and outside Malaysia that affect competition in the Malaysian market. It provides a regulatory framework including powers to investigate, adjudicate and impose penalties on the perpetrators of the competition laws. For more information on the Act and the MyCC’s activities, log on to www.mycc.gov.my 

Please click here for ANNEXE A

Source : Malaysia Competition Commission (MyCC) 

FOR MORE INFORMATION, PLEASE CONTACT:
Name : Noorliza Abdul Latiff
Corporate Affairs Division
Tel : +603 2273 2277(ext 111)
Email : noorliza@mycc.gov.my

--BERNAMA

 
 
 

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