KUALA LUMPUR: A report on suspected cartels controlling the price and production of chicken will be presented to the Malaysian Competition Commission (MyCC) board on June 27, its chief executive Iskandar Ismail has said.
He said the board of directors headed by chairman Datuk Seri Mohd Hishamudin Md Yunus would then decide whether the investigation revealed a breach.
“A decision will then be made with our proposed next steps, including notifying the parties involved and inviting them to give their defense before we make a final decision.
“After the final decision, we can then fully disclose our findings to the public,” he said, adding that this was due to take place in September.
“At the moment however, investigations are still being actively pursued,” he told reporters after MyCC’s public consultation on the amendments to the Competition Act 2010 (Act 712) here yesterday.
Under the Competition Act 2010, a cartel is defined as one formed by a secret agreement between competitors in the same market.
These competitors agree either to fix the price of their products, or to share markets, or to limit production, among other things.
On February 1, MyCC announced that it had established a special task force to investigate allegations of anti-competitive behavior, including anti-competitive agreements and/or abuses of market dominance that may lead to increased price of goods.
This follows a directive from the meeting of the National Action Council on the Cost of Living chaired by Prime Minister Datuk Seri Ismail Sabri Yaakob.
Deputy Minister of Domestic Trade and Consumer Affairs Datuk Rosol Wahid also said MyCC is in the final stages of completing its investigation, the findings of which are expected to be presented this month.
Commenting on MyCC’s public consultation process, Iskandar said it was encouraging to see so many government and industry stakeholders.
“It’s promising considering that public consultation is still something relatively new in Malaysia,” he said, adding that many also asked high-quality questions during the session.
In his earlier speech, Secretary General of the Ministry of Domestic Trade and Consumer Affairs Azman Mohd Yusof said the public consultation offered new insights on improving competition law.
He added that the sessions were also important to get feedback from various stakeholders.
“Inputs will then be compiled and shortlisted for discussion by the ministry before being presented to Cabinet.
“It will then be presented to Parliament, hopefully by the end of this year,” he said.