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Malaysia: Ice price hikes earn chilly reception

By  |  January 21, 2014

The Malaysia Competition Commission has reportedly served notices to 26 ice manufacturers in the nation for collectively hiking their prices, say reports.

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    The authority, also known as the MyCC, has ordered the companies to desist from continuing a pricing policy announced last month that resulted in simultaneous price increases. In a statement issued Tuesday, the regulator said the price-fixing could be considered cartel behavior.

    The companies’ action negatively impacted competition, the regulator found.

    Full Content: Bernama

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