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Malaysia: MyEG fined for abuse of dominant position

 |  October 6, 2015

The Malaysia Competition Commission today found MyEG Services Bhd to have infringed Section 10 of the Competition Act 2010 by abusing its dominant position.

MyCC in its statement today said the commission had initiated a ‘proposed decision’ to commence its investigation on MyEG pursuant to the complaints filed by numerous parties.

The investigation found that the MyEG has harmed the level of competition in the selling of mandatory insurance policies; the Foreign Workers Hospitalisation and Surgical Scheme (FWHS) and Foreign Workers Compensation Scheme (FWCS)] for online foreign workers permit renewal applications.

“This follows MyEG competing against other insurance companies in the market. MyEG’s wholly owned subsidiary, MyEG Commerce Sdn. Bhd, is an agent of RHB Insurance Berhad which sells the mandatory insurances,” MyCC.

Full content: The Malaysian Insider

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