PETALING JAYA, MALAYSIA Oct 30, 2025 – The Malaysia Competition Commission (MyCC) today hosted the MyCC Competition Summit 2025, themed “Strengthening Competition Through the ‘G’ in ESG for a Sustainable Future,” at the Sunway Pyramid Convention Centre here. The event drew nearly 500 participants, including policymakers, regulators, academics, and industry experts from Malaysia and abroad, to explore how robust governance can drive healthy market competition and long-term sustainability.
High-profile international panels featured representatives from nine prominent competition authorities, such as Turkey’s Competition Authority (TCA), Korea Fair Trade Commission (KFTC), Hong Kong Competition Commission (HKCC), and the Organisation for Economic Co-operation and Development (OECD). Local expertise was represented by delegates from the Ministry of Finance, PETRONAS, Khazanah Nasional Berhad, Bursa Malaysia, SME Corporation Malaysia, and Bank Negara Malaysia.
The summit delved into critical discussions on governance’s role in fostering fair competition and market integrity. Key sessions focused on two pressing areas: eradicating bid-rigging cartels – a form of anti-competitive collusion in public tenders – and enhancing oversight in merger transactions through MyCC’s merger control regime.
In a push to intensify enforcement, MyCC announced plans to ramp up efforts against bid-rigging, building on its ongoing crackdown on price-fixing, production, and market allocation cartels. “We are deepening strategic collaborations with government agencies heavily involved in public procurement to ensure transparency and fairness,” a MyCC spokesperson highlighted during the event.
The Ministry of Domestic Trade and Cost of Living (KPDN) played a pivotal role in coordinating Letters of Understanding (LoUs) with 16 ministries, aimed at stamping out bid-rigging and promoting competitive government contracting processes.
MyCC’s track record underscores the urgency: To date, the commission has penalized 26 companies for bid-rigging violations involving tenders worth RM540.72 million, imposing fines totaling RM97.3 million. Currently, 14 active investigations target 563 companies linked to tenders valued at RM2.7 billion.
The summit also marked the signing of two Memorandums of Understanding (MoUs) to bolster regional and domestic cooperation:
– Between MyCC and the Philippine Competition Commission (PCC), focusing on cross-border antitrust efforts.
– Between MyCC and SME Corporation Malaysia (SME Corp Malaysia), to support small and medium enterprises in navigating competitive markets.
These agreements will facilitate initiatives in information sharing, advocacy, training programs, research, and exchanging best practices. They also pave the way for regular dialogues to align policies on competition issues, fostering more competitive and sustainable markets at national and regional levels.
Datuk Armizan Mohd Ali, Minister of Domestic Trade and Cost of Living, officiated the MoU signings, emphasizing the summit’s alignment with broader ESG principles. “Governance is the cornerstone of ethical competition. By tackling cartels head-on, we safeguard public resources and empower businesses for a greener, fairer future,” he stated.
The event underscores Malaysia’s commitment to a robust competition framework amid growing economic pressures, with MyCC signaling zero tolerance for practices that undermine public trust and market efficiency. For more details on the summit, visit MyCC’s official channels.
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