Four parties apply for exemption from Competition Act

PETALING JAYA: Four parties from the logistics, insurance, and food industries have applied to the Malaysia Competition Commission (MyCC) to be exempted from complying with the Competition Act 2010.

The parties comprise one “individual” and three “block” applicants. The block applications came from five trade bodies the Life Insurance Association of Malaysia (LIAM), Association of Malaysian Hauliers, and a joint application by the Malaysia Shipowners Association, Shipping Association of Malaysia and Federation of Malaysian Port Operators Council.