COMMENT | Fomca's allegations against MyCC misplaced
COMMENT | The Malaysia Competition Commission (MyCC) has been called to respond to the grave allegations made against MyCC by Paul Selva Raj on behalf of the Federation of Malaysian Consumers’ Associations (Fomca) as reported in several media outlets yesterday, accusing MyCC of failing to put an end to the monopolistic behaviour of Touch ‘n Go Sdn Bhd and TnG Digital (hereinafter referred as TnG).
In response to the aforesaid allegations, MyCC wishes to clarify that it is cognizant of the issues raised by the public, including Fomca, and other stakeholders on this matter and has been continuously monitoring the market in which TnG operates.
For this purpose, it is crucial that MyCC carefully articulates the issues arising from the conduct of TnG to ensure that members of the public are well-informed and assured of MyCC’s commitment to promoting healthy competition in the relevant market.
It has come to MyCC’s attention that there is a clear misconception imposed by Fomca on the issue of monopolies. The Competition Act 2010 (Act 712) clearly sets out that being dominant or a monopoly in a particular market is not an infringement. However, a monopolistic or dominant enterprise infringes Act 712 only when it abuses its position in the market.
In this instance, MyCC recognises that...
