15 June 2022
The first quarter of 2022 was characterised by notable decisions in Indonesia, Malaysia and Singapore. The Indonesia Competition Commission (“KPPU”) determined that the merger between Gojek and Tokopedia did not violate business competition. The Malaysia Federal Court unanimously dismissed the Malaysia Competition Commission’s application for leave to appeal against the Court of Appeal’s decision to overturn fines imposed on AirAsia and Malaysian Airline System. In Singapore, the Competition and Consumer Commission (“CCCS”) reviewed and cleared two aviation-related transactions in Phase 1 reviews.
On the policy front, KPPU published findings of its study on cooking oil prices, and the CCCS’s revised Competition Guidelines, with a focus on antitrust enforcement in, among others, the digital age, came into effect. The Trade Competition Commission of Thailand issued new guidelines relating to unfair trade practices.
Please click here for an overview of notable antitrust developments in South-east Asia during the period January to March 2022. To see if there has been any enforcement activity in your sector in the first quarter of 2022, please refer to the overview chart here.