The Malaysia Competition Commission (MyCC) has fined 14 members of the Sibu Confectionery and Bakery Association for their involvement in fixing the price increase of between 10% and 15% on confectionery and bakery products.
In a statement on Tuesday, MyCC said the decision came after its investigation into a price fixing agreement between 24 enterprises which found 15 of them had infringed the Competition Act.
Full Content: MSN News
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