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7 Feb 2018 - Advocacy Session On The Competition Order 2015 With Members Of The Legislative Council (LegCo)

The Competition Commission of Brunei Darussalam with the Competition and Consumer Affairs Department, Department of Economic Planning and Development (JPKE) at the Prime Minister’s Office held an engagement session with members of the Legislative Council (LegCo) in an effort to advocate and create awareness on the benefits and key prohibitions of the Competition Order 2015.

The session was chaired by Yang Mulia Dato Paduka Eddie bin Dato Paduka Haji Sunny, the Chairman of Competition Commission of Brunei Darussalam. Also present were members of LegCo, the Competition Commission of Brunei Darussalam as well as senior officers of the Competition and Consumer Affairs Department of the JPKE.

In welcoming the Legco members, Yang Mulia Dato Paduka Eddie spoke on the objectives of the Competition Order 2015 in promoting economic efficiency and consumer welfare through prohibition of conducts that restrict or restrain fair competition in the market. He also highlighted on the benefits of effective enforcement of competition law as one of the cornerstones in generating sustainable economic growth through increase productivity and innovation in line with the Brunei Vision 2035. Competition law may also bring benefit to the public, particularly consumers, by providing incentives to businesses in offering competitive pricing, more choices and improved quality.

Yang Mulia Dato Paduka Eddie emphasized that the Competition Order 2015 aims to promote competition among business players through deterring anti-competitive practices. The Order is not intended to burden business with penalty that would potentially result in businesses to exit markets as this would affect the competitiveness of the business environment in a negative manner with less business players.

The Competition Order 2015 briefing was presented by officials from the Competition and Consumer Affairs Department, JPKE. The briefing touched upon the key prohibitions, which are (i) Anti-Competitive Agreements; (ii) Abuse of Dominant Position; and (iii) Anti-Competitive Mergers as well as key provisions including exclusions, market study power and investigation power. The enforcement of the Order will commence in phases beginning with the prohibition on Anti-Competitive Agreements as soon as adequate preparatory works such as advocacy and capacity building has been in place. Prohibitions on Abuse of Dominant Position and Anti-Competitive Merger will phase in at a later stage.

Also shared in the briefing were anti-competitive cases compiled for the region as well as market study, which is a prerequisite to determine causes of market issues.

The advocacy session with LegCo members was conducted in an interactive and cordial manner. It concluded with a call for support and awareness for all parties to promote a healthy and competitive market in Brunei Darussalam.

Created at 2/10/2018 9:25 AM by Dyg Hjh Rascinah Binti Seruji
Last modified at 2/10/2018 10:17 AM by Dyg Hjh Rascinah Binti Seruji