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MyCC fines confectionery, bakery products manufacturers for price fixing

( September 30, 2014, 10:14 GMT | Official Statement) -- MLex Summary: The Malaysia Competition Commission on Sept. 30 issued a proposed decision to impose fines totaling 439,000 ringgit ($134,000) on 24 companies that are members of the Sibu Confectionery and Bakery Association for price fixing. An investigation by the regulator found the companies entered into an agreement to increase the prices of confectionery and bakery products by 10 to 15 percent in the Sibu area from Dec. 1, 2013....

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