KUALA LUMPUR: The Malaysia Competition Commission (MyCC) is focusing on issues confronting small to medium enterprises (SMEs), pharmaceutical and professional bodies, as well as bid rigging this year in an effort to strengthen competition in the local business landscape.
The MyCC will continue to focus on the SMEs, especially through advocacy, as most businesses in Malaysia are made up of SMEs, which collectively enable the sector to shape the business landscape.
On the pharmaceutical sector, the commission said the sector was selected based on the numerous complaints received last year on competitive issues confronting the sector, MyCC said in a statement.
As for professional bodies, the MyCC will continue to solidify its collaboration with the Malaysian Productivity Corporation in conducting the Regulatory Impact Assessment in the areas of competition.
The MyCC will also continue to focus on bid-rigging issues, following advocacy activities conducted on the subject last year.
“In addition, the MyCC will work towards forging a strategic alliance with the Ministry of Finance, the Malaysian Anti-Corruption Commission and the National Audit Department to gain a better understanding and collaboration in combating bid rigging on a national level,” it said.
In 2014, the MyCC handled up to 40 active cases involving the pharmaceutical, logistic, food and transportation sectors, and associations. — Bernama