Powering Ahead - SPC

A Quarterly SPC NewsletterFair Play, get it right with Competition LawHeard of match-fixing in sports and its graveconsequences? In business, bid-rigging is outlawedthe way match-fixing is. Bid-rigging occurs whencompetitors agree on who should win a tender. Tosupport the party who has been designated by thecompetitors to “win” a tender, the other partiesrefrain from submitting their bids, withdraw their bidsor submit their bids with higher prices for the project.The parties then take turns to “win” tenders. Such anact constitutes an anti-competitive agreement.Other forms of anti-competitive agreementsinvolve fixing prices, sharing markets or limiting theproduction or supply of goods or services. These areoffences under Section 34 of the Competition Act.Under the Competition Act, the CompetitionCommission of Singapore (CCS) has powers toinvestigate complaints of anti-competitive activities,including carrying out a raid on the office premises.CCS can also levy substantial penalties on errantcompanies.SPC strictly adheres to Competition Laws – laws that(apart from the above) also prohibit abuse of dominantposition, for example, raising entry barriers, slowinginnovation or predatory pricing.SPC requires that all staff members act withutmost integrity in internal and external meetings,discussions or communication. Consult SPC Legalwhen in doubt.After all, beyond compliance, we believe in fair play.Everyone should be given open access to competeand improve.SRC’s stellar safety milestoneOn 12 March 2008, the Singapore Refining Company (SRC) clocked five millionman-hours without a Day Away from Work. For 17 months, all 1,500 employees andcontractors returned home safely to their families without any lost time injury.To enhance SRC’s safety mindset and the effectiveness of its safety managementsystems, the refinery embarked on an initiative in July 2007 to foster an Incidentand Injury Free (IIF) safety culture. An external consultant was engaged to assistSRC in inculcating individual commitment to personal safety, as well as instil aconcern for the safety of others.SRC aims to instil safety as a value in everyone so that one voluntarily chooses tofollow the rules, regulations and procedures for the welfare of all.Since the implementation of IIF programme,fewer At-Risk Behaviour had been noted duringbehaviour-based safety site observations. SRCstaff and contractor workers are appreciative ofthe Management‘s ongoing efforts to improve theworking environment and to ensure safety in SRC.Below: Marking a safety milestone.10 11 3