MyCC weighing its options on Piam appeal

PETALING JAYA: The Malaysia Competition Commission (MyCC) is weighing its options, which includes filing a judicial review, regarding the recent decision by the Competitions Appeal Tribunal to allow an appeal by the General Insurance Association of Malaysia (Piam) and its 22 members against the commission’s decision two years ago.

MyCC had found that the association and the insurers had infringed the Competition Act 2010 in relation to the arrangement between Piam and the Federation of Automobile Workshops Owners’ Association of Malaysia on the minimum hourly labour rates and spare part prices of six commonly used types of vehicles.