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Date: 
Monday, March 6, 2017

BISMILLAHIRRAHMANIRRAHIM, ASSALAMMUALAIKUM WARAHMATULLAHI WABARAKATUH

MENGHADAP
DULI YANG MAHA MULIA
PADUKA SERI SULTAN PERAK DARUL RIDZUAN SULTAN NAZRIN MUIZZUDDIN SHAH IBNl ALMARHUM
SULTAN AZLAN MUHIBBUDDIN SHAH AL-MAGHFUR-LAH

 

TERLEBIH DAHULU DENGAN PENUH HORMAT DAN TAKZIMNYA, PATIK BAGI PIHAK KEMENTERIAN PERDAGANGAN DALAM NEGERI, KOPERASI DAN KEPENGGUNAAN, YANG MENAUNGI SURUHANJAYA PERSAINGAN MALAYSIA (MYCC) MEMANJATKAN SETINGGI-TINGGI KESYUKURAN KE HADRAT ALLAH SUBHANAHUWATAALA KERANA DENGAN LIMPAH KURNIA DAN INAYAH-NYA, PATIK DAN SEKALIAN HADIRIN DAPAT BERKUMPUL BAGI MERAIKAN KEBERANGKATAN DULI YANG MAHA MULIA TUANKU KE MAJLIS YANG BERSEJARAH DAN PENUH BERMAKNA INl.

 

PATIK MERAFAK SEMBAH MENJUNJUNG KASIH ATAS LIMPAH PERKENAN DULI YANG MAHA MULIA TUANKU MENCEMAR DULI BERANGKAT BAGI MENYEMPURNAKAN MAJLIS PERASMIAN PERSIDANGAN PERSAINGAN MALAYSIA 2017 PADA HARI INI.

PATIK MENJUNJUNG KASIH KE BAWAH DULI TUANKU.

SESUNGGUHNYA KEBERANGKATAN DULI YANG MAHA MULIA TUANKU MENCEMAR DULI KE MAJLIS INl MEMBUKA MATA DUNIA AKAN KEPRIHATINAN DULI TUANKU TERHADAP BIDANG EKONOMI, PERDAGANGAN DAN KEPENTINGAN PENGGUNA DI NEGARA INI.

KEBERANGKATAN DULI TUANKU KE MAJLIS INI JUGA SUDAH PASTI MEMBERI NILAI YANG TINGGI KEPADA PERSIDANGAN INI YANG TURUT DISERTAI OLEH DELEGASI ANTARABANGSA

 

AMPUN TUANKU,

PATIK MOHON PERKENAN TUANKU UNTUK TURUT MENGALU- ALUKAN BERTA BERUCAP KEPADA HADIRIN SEKALIAN DALAM BAHASA INGGERIS.

[SALUTATION]

THE HONOURABLE DATO' SRI JAMIL SALLEH, SECRETARY GENERAL, MINISTRY OF DOMESTIC TRADE, CO-OPERATIVES & CONSUMERISM;

THE HONOURABLE TAN SRI DATO' SERI SITI NORMA YAAKOB, CHAIRMAN OF THE MALAYSIA COMPETITION COMMISSION;

DISTINGUISHED SPEAKERS;

MEMBERS OF THE MEDIA;

LADIES AND GENTLEMEN;

A VERY GOOD MORNING TO ALL AND SALAM SATU MALAYSIA

 

1. I WOULD LIKE TO BEGIN MY SPEECH BY EXPRESSING MY GRATITUDE AND CONGRATULATIONS TO THE MALAYSIA COMPETITION COMMISSION (MyCC) FOR ORGAN|SING THE "MALAYSIA COMPETITION CONFERENCE 2017 - BREAKING NORMS, MANAGING CHANGE" I AM PROUD AND HONOURED TO BE HERE THIS MORNING IN THE PRESENCE OF HIS ROYAL HIGHNESS PADUKA SERI SULTAN NAZRIN MUIZZUDDIN SHAH IBNI ALMARHUM SULTAN AZLAN MUHIBBUDDIN SHAH AL-MAGHFUR-LAH, THE SULTAN OF PERAK.

 

2. MAY I ALSO EXTEND A VERY WARM WELCOME TO ALL LOCAL AND INTERNATIONAL PARTICIPANTS HERE TODAY. THIS SIGNIFICANT CONFERENCE HERE IN MALAYSIA IS TO ASSIST STAKEHOLDERS IN HAVING A BETTER UNDERSTANDING OF THE MALAYSIA COMPETITION ACT 2010 AND TO PROVIDE AN IN- DEPTH LOOK AT THE APPLICATION OF THE LAW. I BELIEVE THIS CONFERENCE WILL ALSO GIVE INSIGHT ON THE CURRENT TRENDS IN COMPETITION ENFORCEMENT AND INTERNATIONAL COOPERATION IN THE FACE OF RECENT GLOBAL CHALLENGES. IT WILL BE THE PERFECT OPPORTUNITY FOR ALL TO EXCHANGE VIEWS AND GATHER SOME INSIGHT FROM EXPERTS FROM VARIOUS INTERNATIONAL JURISDICTIONS. COUNTRIES SUCH AS REPUBLIC OF SOUTH AFRICA, AUSTRALIA, PORTUGAL, MEXICO,GERMANY, THE UNITED STATES OF AMERICA (USA) AND HONG KONG, AS WELL AS ESTABLISHED INTERNATIONAL ORGAN|SAT|ONS SUCH AS THE EUROPEAN COMMISSION (EC), INTERNATIONAL CHAMBER OF COMMERCE (ICC) AND THE ORGANISATION OF ECONOMIC COOPERATION AND DEVELOPMENT (OECD) ARE PARTICIPATING IN THIS CONFERENCE.

 

3. THIS DISTINGUISHED LINE UP OF EXPERTS COME FROM ESTABLISHED COMPETITION REGIMES TO SHARE THEIR INVALUABLE VIEWS AND EXPERIENCES WITH US ON THE ROLE THAT COMPETITION LAW AND POLICY HAS PLAYED TO HELP SHAPE AND DEVELOP THEIR ECONOMIES AND CONSUMER WELFARE IN THEIR RESPECTIVE COUNTRIES. AMPUN TUANKU, LADIES AND GENTLEMEN,

 

4. THE IMPLEMENTATION OF THE COMPETITION ACT 2010 IS ONE OF THE INITIATIVES IDENTIFIED UNDER THE ECONOMIC TRANSFORMATION PLAN (ETP) IN 2010, INTENDED TO FOSTER HEALTHY AND THRIVING COMPETITION IN THE MALAYSIAN ECONOMY. ETP IS A COMPREHENSIVE ECONOMIC TRANSFORMATION PLAN BY THE MALAYSIAN GOVERNMENT TO PROPEL MALAYSIAS ECONOMY INTO A HIGH INCOME ECONOMY BY THE YEAR 2020. IT IS THE MYCC'S INTENTION THAT THE ENFORCEMENT OF THE COMPETITION ACT 2010 WILL CREATE THRIVE BY ENSURING A LEVEL PLAYING FIELD FOR LOCAL COMPANIES FREE FROM ANTICOMPETITIVE ACTIVITIES. THIS HEALTHIER AND MORE COMPETITIVE MARKET WILL DELIVER A WIDER RANGE OF HIGH--QUALITY GOODS TO THE RAKYAT AT COMPETITIVE PRICES, WHILE INNOVATIVE MALAYSIAN COMPANIES WILL BRING THEIR PRODUCTS AND SERVICES TO

 

5. THE MINISTRY OF DOMESTIC TRADE, CO...OPERATIVES AND CONSUMERISM WAS CREATED WITH THE OBJECTIVE OF PROMOTING AN ETHICAL DOMESTIC TRADE WHICH PROTECTS THE INTERESTS OF CONSUMERS. THE MINISTRY MONITORS DOMESTIC TRADE, ADVOCATES AND PROTECTS CONSUMERS' RIGHTS AND INTELLECTUAL PROPERTIES. THE MINISTRY ALSO MONITORS AND REGULATES THE PRICES OF ESSENTIAL ITEMS THROUGH LEGISLATION AND POLICY-FORMING, AND CARRIES OUT VARIOUS ENFORCEMENT ACTIVITIES TO DEVELOP AND MAINTAIN A HEALTHY DOMESTIC TRADE ENVIRONMENT. THAT IS THE REASON WHY WE CREATE OUR TAGLINES AS "CARING

 

6. IN MEETING ITS AIMS TO DEVELOP AND MAINTAIN A HEALTHY DOMESTIC TRADE ENVIRONMENT, HISTORY WAS CREATED BY THE MALAYSIAN GOVERNMENT, WHEN THE COMPETITION ACT WAS PASSED IN THE MALAYSIAN PARLIAMENT IN THE APRIL 2010. THE ACT WAS GAZETTED IN JUNE 2010 AND CAME INTO FORCE ON IST JANUARY 2012. IT IS RECOGNISED THAT A HEALTHY AND COMPETITIVE ECONOMY PROMOTES PERFORMANCE AND INNOVATION AND MAKES THE ECONOMY OPERATE MORE EFFICIENTLY THROUGH COMPETITIVE PRICING AND CHOICE. TO THIS END, THE IMPLEMENTATION OF THE COMPETITION LAW IS VITAL IN FOSTERING A COMPETITIVE ENVIRONMENT THAT DETERS MARKET MANIPULATION AND CARTEL PRACTICES, THAT TEND TO DEPRIVE CONSUMERS OF CHOICE AND NEGATIVELY AFFECT CONSUMER WELFARE.

 

7. IT'S BEEN ALMOST SIX (6) YEARS SINCE THE ESTABLISHMENT OF THE MYCC, I AM DELIGHTED TO BE ABLE TO COMMENT THAT THE MYCCS STANCE ON INFRINGEMENTS OF THE ACT IS BEING STRONGLY FELT BY THE LOCAL AND INTERNATIONAL BUSINESS COMMUNITIES THROUGH ITS FINAL AND PROPOSED DECISIONS. I AM PLEASED TO NOTE THAT THE MYCC HAS ALREADY MADE ITS MARK IN SENDING STRONG SIGNALS TO THE MALAYSIAN BUSINESS COMMUNITY WITH THE MESSAGE THAT ENTERPRISES NEED TO BE AWARE OF THEIR OBLIGATIONS UNDER THE COMPETITION ACT AND THAT AMPUN TUANKU, LADIES AND GENTLEMEN,

 

8. THE MINISTRY IS ALL ABOUT THE PEOPLE. IT IS ABOUT PROTECTING THE INTERESTS OF THE PEOPLE - MAKING SURE THAT THE CONSUMER IS TAKEN CARE OF AND MAKING IT EASY FOR BUSINESSES TO OPERATE. THE COMPETITION POLICY IN THE COUNTRY PLAYS A MAJOR ROLE TOWARDS THIS END BY ENSURING A CONDUCIVE ENVIRONMENT FOR CONSUMERS AND BUSINESSES. COMPETITION AND CONSUMER POLICIES SHOULD REINFORCE EACH OTHER IN ACHIEVING COMMON GOALS. EVEN WITH COMPETITION AND A PROPER REGULATORY FRAMEWORK IN PLACE, CONSUMERS DO NOT ALWAYS CHOOSE THE BEST OPTIONS. TO BENEFIT FROM COMPETITION, CONSUMERS MUST BE EMPOWERED TO ACTIVATE IT, WHICH MAY BE ACHIEVED THROUGH CONSUMER EDUCATION, AS WELL AS FACILITATING CONSUMER ACCESS TO INFORMATION AND ENHANCING THE CAPACITY OF CONSUMERS TO ASSESS INFORMATION CORRECTLY IN ORDER TO MAKE OPTIMAL DECISIONS.

 

9. COMPETITION WILL PROMOTE HEALTHIER MARKETS AND PROVIDE FURTHER IMPETUS FOR ECONOMIC GROWTH. IT IS ENVISIONED THAT MALAYSIAN COMPANIES WILL IMPROVE THEIR EFFICIENCY AND EMBRACE INNOVATION, KEEPING ABREAST WITH CONSUMER NEEDS. ALLOW ME TO REITERATE THAT THERE IS NO LONGER ROOM FOR ANTI-COMPETITIVE PRACTICES IN THIS COUNTRY, AND THAT THE ADOPTION OF MORE INNOVATIVE AND EFFICIENT BUSINESS ACTIVITY CAN ONLY RESULT IN FREER MARKETS FOR MALAYSIANS.

 

10. WHICH BRINGS US TO TODAY'S CONFERENCE, OF WHICH 1 AM PROUD THAT THE MyCC HAS DONE SUCH A STELLAR JOB OF ORGAN|SING. WE HAVE WITH US SPEAKERS WHO ARE INTERNATIONALLY RENOWNED FROM ALL CORNERS OF THE GLOBE. I AM HOPEFUL THE EXPERIENCE AND TECHNICAL INSIGHTS GAINED FROM THIS CONFERENCE WILL RESULT IN EVEN MORE DYNAMIC AND EFFECTIVE ENFORCEMENT OF COMPETITION LAW IN MALAYSIA IT IS ALSO MY HOPE THAT THE KNOWLEDGE AND AWARENESS OF COMPETITION LAW WILL EVENTUALLY LEAD TO A SELF-REGULATING AND COMPETITIVE LOCAL MARKET.

 

I WISH ALL OF YOU A STIMULATING, FRUITFUL AND ENJOYABLE FORUM. THANK YOU.

 

AMPUN TUANKU,

SEKIAN SAHAJA SEMBAH UCAPAN PATIK. PATIK SEKALI LAGI DENGAN PENUH HORMAT DAN TAKZIMNYA MERAFAK SEMBAH MENJUNJUNG SETINGGI-TINGGI KASIH ATAS LIMPAH PERKENAN DULI YANG MAHA MULIA TUANKU KERANA TUANKU SUDI MENCEMAR DULI BERANGKAT KE PERSIDANGAN PERSAINGAN DULI YANG MAHA MULIA TUANKU KERANA TUANKU SUDI MENCEMAR DULI BERANGKAT KE PERSIDANGAN PERSAINGAN MALAYSIA (MYCC)