KUALA LUMPUR, June 4 (Bernama) — To complement the government’s efforts to reduce the cost of living, the Malaysia Competition Commission (MyCC) has taken the initiative to conduct a Market Review on the Food Sector in line with section 11 of the Competition Act 2010 (hereinafter “CA 2010”) to better understand the food market, particularly in relation to five (5) selected food items, namely cabbage, sawi, beef, ikan kembung and infant milk powder. The main reason for this market review is to determine whether any feature or combination of features of the market for the selected food items indicate market failure or show signs of competition concerns.
Before finalising its findings, MyCC will conduct a series of public consultations and would like to call upon the public to take part in order to contribute opinions, inputs and ideas on the market review. MyCC will then publish a report of its findings and recommendations, as per section 12 of the CA 2010.
