KUALA LUMPUR: The Competition Act 2010, which will come into force on Jan 1, 2012, will promote a competitive environment and give foreign investors more confidence in the country’s business practices. The Act will govern all firms, including government-linked companies (GLCs).
Domestic Trade, Cooperative and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said the Act would give foreign investors more confidence as it would create a level playing field for industry players.
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