Businesses are encouraged to conduct their activities with fairness and ethics in the interest of their own growth. By creating a competitive and healthy business environment, businesses can develop through competition on a ‘level playing field’ that offers more choices of products and services which have high quality and competitive prices for the consumers including the government and other enterprises.
The topic was raised by Yang Berhormat Dayang Nik Hafimi binti Abdul Haadii, Member of the Legislative Council as the Chairperson of the Brunei Darussalam Competition Commission during a dialogue session with the Competition and Consumer Affairs Department at the Department of Economic Planning and Development, JPKE. More than 20 representatives of the Anggerek Desa Technology Park Business Community attended the dialogue which took place at the Design and Technology Building in Kampung Anggerek Desa.
In opening dialogue, Awang Mohamad Hasnalluddin bin Haji Yahya, the Legal Adviser of Dynamik Technologies Sdn Bhd stressed it was important that the info-communications technology business community learnt about the major anti-competitive practices prohibited by the competition laws that ensure business planning and commercial strategies do not contradict the Competition Order.
The dialogue also discussed the forms of cartels or anti-competitive agreements. The cartel activity occurs when the businesses agree not to compete against one another but cooperate in implementing anti-competitive agreements. Four types of prohibited cartels are ‘collusive tendering’, price-fixing, controlling market and limiting supply of goods to create supply shortage.
The session emphasised on the need for businesses to compete independently against one another in the tendering process. Also discussed was the Leniency Provision under the Competition Order, a tool for acquiring evidence in detecting cartels.
For inquiries and requests for briefings on the Competition Order 2015, contact the Department of Competition and Consumer Affairs, Department of Economic Planning and Development, Ministry of Finance and Economy through e-mail at: email@example.com or call 2233344 extension 341 or 643.
Source: Radio Television Brunei