Business, markets and economy news from Malaysia.
Malaysia's parliament advanced competition law amendments and tabled rice sector reforms during its third sitting week, while debating press freedom and human rights issues amid scrutiny of media environment.
Britain's Competition Appeal Tribunal has authorised consumer group Which? to pursue a £3 billion lawsuit against Apple, alleging the tech giant breached competition law by restricting cloud storage choices on iOS devices.
The Malaysia Competition Commission has completed investigations into the housing sector and found no evidence of anti-competitive practices affecting property prices, Deputy Minister Fuziah Salleh told Parliament.
Parliament has tabled two competition amendment bills that will significantly broaden the Malaysia Competition Commission's investigative authority and extend competition rules across all economic activities, marking a major regulatory shift.
Japan's Fair Trade Commission has raided six leading ice cream manufacturers on suspicion of price-fixing, with officials accused of coordinating annual price hikes through emails and meetings since 2022.
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The Malaysian Competition Commission has launched a formal investigation into six firms suspected of participating in a cartel to manipulate a RM5.7 million tender for the Asian Academy of Defence and Knowledge (AADK), marking a significant enforcement action against anti-competitive conduct.