10 August 2021
On 26 July 2021, the Malaysia Competition Commission (“MyCC”) issued a statement (“the Press Release”) that it is looking into the pricing practices of food delivery platform companies including but not limited to the “imposition of exorbitant commission fees” by the said companies (“the Inquiry”). The Press Release is accessible here.
According to the Press Release, MyCC had a “series of meetings” to engage with relevant stakeholders in the food and beverages (“F&B”) and retail industry as part of the Inquiry. Through these meetings, MyCC have identified “several concerns and challenges in the industry, in relation to not only competition, but also consumerism”.
For further information, please contact:
Anand Raj, Head of Tax and Revenue Practice Group,
Shearn Delamore & Co
anand@shearndelamore.com