KUALA LUMPUR - The Malaysia Competition Commission (MyCC) has ordered Pan-Malaysia Lorry Owners Association (PMLOA) to revoke its decision to increase its transportation charges by 15 per cent.
The directive follows the warning given earlier by the MyCC to associations not to facilitate anti-competitive behaviour, especially price fixing.
MyCC issued a proposed 'Interim Measures' under Section 35(4) of the Competition Act 2010 against the PMLOA, its members and related lorry enterprises on a probable infringement of Section 4(2)(a) of the Competition Act 2010 by agreeing to fix an increase of transportation charges by 15 per cent.
MyCC is seriously looking at evidence of anti-competitive behaviour in the rampant price hikes following the recent rationalisation of fuel subsidy," MyCC chief executive officer Shila Dorai Raj said in a statement Friday.
MyCC has issued the notices to PMLOA, its 11 members and 29 other lorry companies to refrain from increasing the transportation charges.
"The Commission considers that it is necessary for it to impose such measures under Section 35(4) of the Act to prevent serious and irreparable economic damage and to protect public interest," she added.
PMLOA had, on Sept 10, announced that it was increasing the fee in view of increase in fuel prices apart from rising price of spare parts, tyres, batteries, and insurance premium as well as imposition of an increased minimum wage.
Shila said PMLOA, its members and relevant lorry companies had been given seven working days to respond to the notices issued by MyCC.