Updated @ 10:15 pm on 12-12-2011: Please read this interest article in HERE.
On 9-12-2011 Domestic Trade, Cooperatives and Consumerism Minister, YB Datuk Seri Ismail Sabri told the nation that Malaysian Competition Commission (MYCC), which will be headed by YA Tan Sri Siti Norma Yaakob (a former Chief Judge of Malaya), will consult members of the public before the implementation of the Competition Act 2010 on 1-1-2012.
The Competition Act is to prevent business monopolies or cartels. It will apply to all commercial activities undertaken within and outside Malaysia that affect competition in the country. The Act will provide a regulatory framework including powers to investigate, adjudicate and impose penalties. Read HERE for full report and the Sun report on the Act, HERE. Read HERE, HERE, HERE & HERE for related articles.
Yours truly heard that MYCC Advisors/Commissioners have been organising public hearing to brief and consult members of the public about the mechanics of the Competition Act 2011. So far MYCC had two public hearings, no 8-12-2011 at Sheraton Hotel, KL and 9-12-2011 in Kuching. Heard that public hearings will also be held on 12 Dec in Johor Baru, 16 Dec in Penang and 22 Dec in Kuantan. It was good of MYCC to have the nation wide tours to brief members of the public about the said Act.
But yours truly would like to point out that there was no proper publicity for the said public hearings and very few members of the public knew about it. It would appear that MYCC paying lip service to the public hearings. Where is the transparency that MYCC has been talking about? It is hoped that MYCC should widely publiscise the coming public hearings via press conference so that nation will be aware of the objectives of the Competition Act, role of MYCC and rights of the Rakyat.
Yours truly trusts that the first major task of MYCC is to investigate the secret MAS-AirAsia share swap and the Comprehensive Collaborative Frameworks as announced by Tan Sri Azman Mokhtar, the co-founder of BinaFikir Sd Bhd on 8-8-2011. Thereafter, public statements have been made by Tan Sri Azman Mokhtar, his ex-business partner in BinaFikir Sdn Bhd En Mohammed Rashdan Yusof aka Danny (Rashdan), who has been handpicked to be the Deputy CEO of MAS and various interested parties to the effect that the said secret share swap and CCF between MAS/AirAsia was a “STRATEGIC ALLIANCE” and “TAP SYNERGIES”. These are all BIG WORDS like the failed “Widespread Un-bundling Asset” (WAU) the brain child of BinaFikir Sdn Bhd co-founded by Tan Sri Azman Mokhtar and Rashdan.
After inking the said secret share swap the following decisions have been made by Rahsdan with a stroke of a pen:
the announcement of changing Firefly’s original objectives and plans which were to compete in the low cost carriers market (in Malaysia dominated by AirAsia) and provide alternative air travel for the Rakyat under the old management of MAS headed by YM Tengku Azmil, who has since “resigned”;
decision to cancel many Firefly full load flights during the recent Raya season which will be seen as to stifle competitions and to benefit of other airline;
decision to terminate profitable routes from JB to Kuching and Kota Kinabalu from 24-8-2011 which will be seen as to stifle competitions and to benefit of other airline;
decision to terminate MAS profitable route to Bandung, Indonesia, from 4-10-2011 which will be seen as to stifle competitions and to benefit of other airline;
decision to terminate more MAS/Firefly routes to East Malaysia and from East Malaysia to Japan, Korea, Perth and others which will be seen as to stifle competitions and to benefit other airline; and etc