Monopoly watch: Govt to break up cartels

Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail said the government has identified some companies as possibly having a monopolistic position in the market. The companies are Padiberas Nasional Bhd (Bernas), Puspakom, Pharmaniaga Bhd and MyEG Services Bhd.

KUALA LUMPUR: The government has set its sights on breaking up any form of monopoly or cartels in a bid to spur competition in business and reduce the cost of living.

Towards this end, Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail said the government has identified some companies as possibly having a monopolistic position in the market.