Brunei established Competition Commission

Dato Paduka Eddie, Chairman of the Competition Commission
Commission set up to uphold competitiveness
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,
together with six members of the commission. They are
  • 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 establishment of the Competition Commission of Brunei Darussalam and the appointments of its chairman and members are effective August 1.

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.

Comments

Post a Comment

Popular posts from this blog

Brunei Royal Wedding 2015: Profile of Royal Bride Dayangku Raabi'atul Adawiyyah

Image
DAYANGKU RAABI'ATUL ADAWIYYAH BINTI PENGIRAN HAJI BOLKIAH Yang Mulia Dayangku Raabi'atul `Adawiyyah binti Pengiran Haji Bolkiah was born on the 27th October 1992. She is the second child of Pengiran Haji Bolkiah bin Pengiran Haji Jaluddin bin Pengiran Haji Tajuddin with Pengiran Hajah Noor'aismah binti Pengiran Haji Ismail bin Pengiran Haji Tengah. Her eldest brother, Awangku Abd. 'Aziz Hafizuddin bin Pengiran Haji Bolkiah, works at the Royal Brunei Airlines. Her other siblings are Awangku Mohd Ainul Yaqien; Dayangku Noor Batuul 'Afiqah; Dayangku Izzatul `Afifah; Dayangku Duratul Majeedah; Dayangku Nur Hidayatul Maheerah; Awangku Mohd Zainul ‘Ariffin; Awangku Mohd Irfan Hakeem; and Awangku Mohd Izzul Yamin @ Abdul Razeeq. (Note: Direct descendants of the Brunei Sultans carry the hereditary title of Pengiran. However as children and young adults, they are normally styled Awangku (for male) and Dayangku (for female) until they marry, when the title conver...
Read more

Family Titles in Brunei

Image
On my recent blog on Brunei's Time Line , one commentator got carried away and she started to talk about events in the past before moving on to nicknames. I enjoyed what she wrote and I offered for her to write a whole blog about it and I will put it up. But up to now, I have not received anything from her. So, Hajah Yati, if you are reading, my offer still stands. And for the rest of you readers out there, if you don't have your own blogsite, I am most ready to offer my site for the occassional blogs that you want to write - just make sure the blogs are Brunei related. You can set up your own blogsite once you feel comfortable. As someone later on commented, it will be nice to read someone else's blogs too on this website. At least on this one, you get an instant 300+ readers a day. So, please, my e-mail is admin@bruneiresources.com. Do write. I don't have much on nicknames to write on as suggested by Hajah Yati. I remembered when I was at school (primary), I have fri...
Read more

Pulau Cermin - Brunei's Historic Island

Image
Since I was already on the water visiting the Jong Batu at one end of the Brunei River, I thought I might as well go to the other end and visit the other historical site of Brunei, Pulau Cermin. Pulau Cermin as many Brunei historians know it is the site of the temporary palace of Sultan Abdul Hakkul Mubin, the 13th Sultan of Brunei and is the site of the only civil war in Brunei History. Sultan Abdul Hakkul Mubin took the throne after assasinating Sultan Muhammad Ali. It was quite a bloody time in Brunei history and I remembered one classic book written by Yura Halim entitled "Mahkota Berdarah" regarding the episode. Pulau Cermin - view from the River In a nutshell, Sultan Abdul Hakkul Mubin was the Bendahara when his son was killed by the son of Sultan Muhammad Ali. He requested that his son's death be avenged but Sultan Muhammad Ali denied him. So Bendahara Abdul Mubin went amok killing a few people at the palace and with his followers took the Sultan and killed him (No...
Read more