KUALA LUMPUR, Nov 17 (Bernama) -- The Malaysia Competition Commission (MyCC) is in the midst of finalising two market reviews namely pharmaceutical and building materials in the construction industry under the Competition Act 2010 (CA 2010).
In a statement today, MyCC said the objectives of the market reviews were to identify the market structure, supply chain and competition level within the respective sectors.
It said the softcopy of the said market reviews would be available on the MyCC website at www.mycc.gov.my starting Nov 17-Dec 7, 2017 and the public can submit their comments directly through the MyCC website.
The MyCC shall give due consideration to any written submission made by the stakeholders and public, it said.
The MyCC, in exercising the powers conferred by Section 11(1) of the CA 2010, may on its own initiative or upon the request of the minister, conduct a review into any market in order to determine whether any feature or combination of the features of the market prevents, restricts or distorts competition in the market to identify the market structure, supply chain and competition level within the sector.
Pursuant to section 12 of the CA 2010, the MyCC shall publish a report of its findings and recommendations on its website at www.mycc.gov.my upon the conclusion of the market review, it added.
-- BERNAMA
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