Do you know what is MYCC?

Have you ever wondered who ensures that businesses in Malaysia play fair? That’s where MyCC, or the Malaysia Competition Commission, comes in. Established under the Competition Commission Act 2010, MyCC is the independent body tasked with enforcing Malaysia’s Competition Act 2010, which is the primary legislation governing fair market practices in the country.

MyCC’s main role is to promote and protect the process of competition. It ensures that markets remain open, efficient, and fair for businesses of all sizes. This is done by preventing and addressing anti-competitive conduct such as price fixing, market sharing, bid rigging, and the abuse of dominant position. These practices harm both consumers and smaller businesses by limiting choices, keeping prices artificially high, and stifling innovation.

To carry out its mandate, MyCC has the power to investigate businesses suspected of engaging in anti-competitive conduct. If a violation is found, it can impose substantial financial penalties, issue directives to stop the conduct, and publish decisions that serve as guidance for the industry. One of MyCC’s most notable actions was the RM 242 million fine imposed on a group of poultry companies involved in a price-fixing cartel—a clear message that anti-competitive behavior has serious consequences.

But MyCC is not just about enforcement. It also plays an educational and advisory role by conducting market studies, engaging with stakeholders, and helping businesses understand how to comply with the law. Its broader aim is to foster a culture of competition that benefits the economy and the public at large.

So, whether you’re a business owner, consumer, or policymaker, understanding the role of MyCC is crucial. It’s the watchdog that helps ensure Malaysia’s markets remain fair, competitive, and dynamic. To learn more, visit www.mycc.gov.my.