Brunei established Competition Commission
|Dato Paduka Eddie, Chairman of the Competition Commission|
August 7, 2017
HIS Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam has consented to the establishment of the Competition Commission of Brunei Darussalam, an independent body that is mandated to promote business competition in Brunei Darussalam economic landscape through the enforcement of the Competition Order 2015.
The Prime Minister’s Office announced that His Majesty also consented to the appointment of
- Dato Paduka Eddie bin Dato Paduka Haji Sunny as the Chairman of the Competition Commission,
- Haji Mohamad Azmi bin Haji Mohd Hanifah, the Permanent Secretary (Industry) at the Prime Minister’s Office;
- Dr Haji Abdul Manaf bin Haji Metussin, the Permanent Secretary at the Ministry of Primary Resources and Tourism;
- Haji Abdullah Soefri bin Pehin Orang Kaya Saiful Mulok Dato Seri Paduka Haji Abidin, the Assistant Solicitor General at the Attorney General’s Chambers, Prime Minister’s Office;
- Director General of Department of Economic Planning and Development (JPKE), Prime Minister’s Office;
- Mohammad Harris bin Brigadier General (Rtd) Dato Paduka Haji Ibrahim, Head of FDI Action and Support Centre (FAST) Division, Prime Minister’s Office; and
- Dr Joyce Teo Siew Yean, Assistant Vice Chancellor (Global Affairs), Universiti Brunei Darussalam.
The objective of the Competition Order 2015 is to promote and maintain fair and healthy competition to enhance market efficiency and consumer welfare in Brunei Darussalam. In line with this, the competition commission will oversee and act on competition matters as mandated in the order.
This includes adjudicating anti-competitive cases and imposing penalties on companies found to infringe the Competition Order 2015.
The Competition and Consumer Affairs Department is established under the Department of Economic Planning and Development, to serve the competition commission as their investigative and administrative arms. The department is also responsible in carrying out functions such as advocacy, receiving complaints and conducting market reviews.
Before the enforcement of the order, a transitional period will be introduced. The transitional period will phase in after advocacy work in familiarising and developing a competition-awareness culture in Brunei Darussalam has been carried out.
The Competition Order 2015 will be enforced in phases starting with the prohibition of anti-competitive agreements and practices. This phased approach serves to give all parties sufficient time to prepare for the orderly enforcement of this order.
The introduction of the Competition Order 2015 and the establishment of Competition Commission of Brunei Darussalam underscores the efforts of the Government of His Majesty in achieving a sustainable economic growth in line with the economic goals of Brunei Vision 2035. It also signifies the commitment of the Brunei Government in achieving the goals of the Asean Economic Community.
The Competition Order 2015 is intended to address any competition-related concerns and maintain proper functioning of markets, provide certainty and enhance investors’ confidence, as well as an important safety net that safeguards the interests of local business players and consumer welfare.