KUALA LUMPUR, 03 AUGUST 2023 – The Malaysia Competition Commission (MyCC) and the Malaysian Communications and Multimedia Commission signed a Memorandum of Understanding (MoU) today, which signifies an important step towards further strengthening the working relationship between both regulators. The signing ceremony which took place at the Azman Hashim Auditorium, AICB Building, Kuala Lumpur highlights the unwavering commitment of both regulators to continue to work closely on increasingly complex competition issues that cut across both authorities.

MyCC and MCMC have consistently worked together to safeguard the state of competition in the market to ensure consumer welfare is protected. The most significant cooperation is the joint enforcement action by MyCC and MCMC in addressing exclusivity arrangements between telecommunications service providers and property developers or joint management bodies in high rise residential buildings following complaints received from the public. Another area of collaboration is in addressing competition issues related to e-commerce platforms and delivery partners.

The signing of this MoU sets the stage for structured collaborative efforts between the MyCC and MCMC. These include strengthening alliances, advocacy activities, capacity building and co-operating on joint investigations and enforcement actions, as well as mutually assisting each other in their respective functions, ultimately leading to mutual benefits for both regulators.

The MoU was signed by the Chairman of MyCC, YBhg. Dato’ Seri Mohd Hishamudin bin Yunus and the Chief Operating Officer of MCMC, Dato’ Mohd Ali Hanafiah bin Mohd Yunus. The occasion was witnessed by the Deputy Minister of Domestic Trade and Cost of Living (KPDN), YB Senator Puan Hajah Fuziah binti Salleh, the Chairman of MCMC, Tan Sri Mohamad Salim bin Fateh Din and the Chief Executive Officer of MyCC, Mr. Iskandar bin Ismail. This further demonstrates the government's commitment to enhance the effectiveness of economic policies and thereafter protecting consumer interests in the country through competition policies and enforcement. 

Prior to the signing of the MoU, MyCC and MCMC organised a forum on “Fortifying Industrial Policies Through Competition” featuring experts in the relevant fields. Speakers and participants had engaged in constructive discussions and insightful exchanges on how healthy competition can benefit the market and consumers. The forum was attended by stakeholders of MyCC and MCMC.