Showing posts with label oligopoly. Show all posts
Showing posts with label oligopoly. Show all posts

Tuesday, April 26, 2011

Competition Act: Monopolies Everywhere

From this weekend’s news:

The Competition Act and Anti-Profiteering Act to change the way business is conducted

THE Competition Act 2010 and the Price Control and Anti-Profiteering Acts 2010 will completely change the way business is conducted in Malaysia if fully implemented as expected by next year as they help pave the way for greater innovation and service to consumers at competitive prices.

The Competition Act 2010 took over 15 years to be implemented in Malaysia due to legacy issues such as industrial policies and protectionism given to selected industries such as the construction and transportation.