Malaysian anti-competition commission has eye on food delivery services
Jerrica · Jul 26, 2021 06:19 PM
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The Malaysia Competition Commission (MyCC) has heard the complaints of users regarding high charges and commission fees imposed by companies offering food delivery services. Now the commission is looking into these complaints and working on an anti-competition framework.
MyCC acts as the competition commission that has the power to act on monopolies of any particular businesses colluding together to abuse their dominant position in the market and preventing fair play among businesses under the Competition Act 2010.
MyCC CEO Iskandar Ismail
In a statement, MyCC CEO Iskandar Ismail revealed that the commission is currently working with the domestic trade and consumer affairs ministry in looking into the anti-competition concerns raised by food and retail businesses.
“We have identified several concerns and challenges in the industry, in relation to not only competition but also consumerism. The way forward for us is to actively engage with the food delivery platform providers.
“In this regard, MyCC is seriously looking into every angle from the perspective of the Competition Act 2010, particularly on the conduct of these food delivery platform companies towards food and beverage industry players, riders and consumers and whether it raises any competition concerns,” he said.
If a company is found to have contravened the anti-competition law, it can be fined of up to RM 5 million for its first offence and up to RM 10 million for any subsequent offence.
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