MyCC task force investigating chicken and egg industry

MyCC task force investigating chicken and egg industry
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KUALA LUMPUR (Feb 1): The Malaysia Competition Commission (MyCC) has set up a special task force to investigate the competition related issues in the chicken and chicken eggs industry.

In a statement Tuesday (Feb 1), MyCC said it supports the decisions of the National Action Council on Cost of Living (NACCOL) Special Meeting that was chaired by Prime Minister Datuk Sri Ismail Sabri Yaakob to resolve the price increase of chicken and chicken eggs issue.

“MyCC will not hesitate to take stern action based on its powers under the Competition Act 2010 towards any parties that are involved in economic sabotage, (which) have taken advantage of the plight of the people, especially during this pandemic era by engaging in cartel or abuse of dominant power or monopoly activities in the chicken and/or the chicken egg industry.

“This includes the imposition of maximum penalties and other stern actions to ensure that this repression is halted altogether for the interest of the people,” it said.