Monopoly watch: Govt to break up cartels


Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail said the government has identified some companies as possibly having a monopolistic position in the market. The companies are Padiberas Nasional Bhd (Bernas), Puspakom, Pharmaniaga Bhd and MyEG Services Bhd.

KUALA LUMPUR: The government has set its sights on breaking up any form of monopoly or cartels in a bid to spur competition in business and reduce the cost of living.

Towards this end, Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail said the government has identified some companies as possibly having a monopolistic position in the market.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Brazil at sweet spot for Malaysian semiconductor industry to de-risk supply chain - Tengku Zafrul
Dialog posts higher net profit of RM150.97mil in 1Q
SC: Innovation and collaboration crucial to drive market resilience
Supreme Consolidated IPO oversubscribed by 349.42 times
Ringgit ends higher on weaker demand for greenback
Eden Inc bags RM20mil Health Ministry contract
Airbus Helicopters eyes growth in Malaysia, Asia-Pacific amid rising ems demand
TCS wins RM611.3mil contract for Pan Borneo Highway project
Dutch Lady cautiously optimistic outlook
Malayan Flour Mills 9M24 net profit jumps 96.1% to RM64.1mil

Others Also Read