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Formerly known as the International Standards and Liberalisation
(ISL), this Strategic Reform Initiative (SRI) has been renamed as
Competition, Standards and Liberalisation (CSL) to better reflect
competition as a major component of the SRI. SRIs are enablers
that facilitate economic growth through government actions
such as policy and regulatory changes.
There are three components in the CSL, namely the swift
implementation of competition law, adoption of international
standards and best practices and the liberalisation of the services
Exhibit 13.1
Competition Law
Competition Act 2010 aims to
promote economic growth by
promoting and protecting the
process of competition
Competition Law
The Competition Act 2010 was gazetted on 10 June 2010 and
came into force on 1 January 2012. The Act aims to promote
economic development by fostering and protecting the process
of competition that encourages efficiency, innovation and
entrepreneurship. The Act which will govern all firms, including
government-linked companies (GLCs), also provides a regulatory
framework against market manipulation and cartel practices.
The Act seeks to prevent:
• Anti-competitive agreements such as price fixing, market
sharing, bid rigging, limiting or controlling production
• Abuse of a dominant position or monopoly such as unfair
pricing, tying/bundling, refusal to deal and predatory pricing
Overall Increase in Competitiveness
SrI: Competition, Standards and Liberalisation
sector. These are part of the key policy measures recommended
under the New Economic Model (NEM) to create a competitive,
sustainable and innovative environment towards a highincome
nation. Three ministries are involved in overseeing the
implementation of the initiatives under CSL, and these are the
Ministry of Domestic Trade, Cooperatives and Consumerism
for competition law, the Ministry of Science, Technology and
Innovation (MOSTI) for standards and the Ministry of International
Trade and Industry (MITI) for services.
Achievements
Liberalisation
of Services
Opens markets to foreign
investment, encouraging
competition
Standards
Improve quality of Malaysian
goods and services and also
improves access to
international markets
The Malaysian Competition Commission (MyCC) was set up in
April 2011 to enforce the Competition Act 2010. Its main role is
to protect the competitive process for the benefit of businesses,
consumers and the economy. MyCC also has the power to issue
guidelines in relation to the implementation and enforcement of
the competition laws, act as advocate for competition matters,
carry out general studies in relation to issues connected with
competition in the Malaysian economy or particular sectors of
the Malaysian economy, inform and educate the public regarding
the ways in which competition may benefit consumers in, and the
economy of Malaysia.
Various guidelines have been drawn up for the Competition
Act 2010 on ‘Complaints’, ‘Definition of Market’, and ‘Chapter 1
Infringements’. 35 advocacy programmes were undertaken in
2011 to promote the Act and to facilitate understanding relating
to compliance with the Act.
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