However, chief executive officer Shila Dorai Raj said neither MAS nor AirAsia had submitted any report to MyCC.
MyCC received several complaints from consumers, especially during its road show in Sabah and Sarawak recently.
"Our priority is the consumers. We will investigate the deal next year onwards. From our initial analysis, we think there could be something," she told reporters.
Yesterday, International Chambers of Commerce (ICC) organised the "ICC Malaysia CEO Business Luncheon Talk on Competition Act 2010: An Insight into What to Expect".
MyCC chairman MyCC chairman Tan Sri Siti Norma Yaakob was present as a guest speaker to give an insight into the Competition Act.
"The Act is important to further boost foreign investment to help spur Malaysia's vision to be a high income economy by year 2020," she said.
Earlier, in an interview with another media, she said the commission will follow the development of MAS-AirAsia deal closely to see if any anti-competitive activities or agreements arise following the alliances between both airlines.
The Competition Act is to prevent business monopolies or cartels. It will apply to all commercial activities undertaken within and outside Malaysia that affect competition in the country.
The Act will provide a regulatory framework including powers to investigate, adjudicate and impose penalties.
The introduction of the Act would create healthy competition, which would in turn stimulate production and innovation thus leading to a wider choice of products with better quality and reasonable prices.
Since its inception in June 2011, MyCC has initiated advocacy programmes to increase awareness of the Act among the stakeholders, especially businessmen.
Business Times 15-Dec-2011
My comment:
I am applauding MyCC to take bold stand over this matter. Because the case is really close to the people and should be resolved as soon as possible. From what is happening right now, after AirAsia's controllers were put into MAS' board of directors (but none from MAS appointed to AirAsia, raise your eyebrows, please!!) many MAS routes are being axed and FireFlyz the only local competition against AirAsia is now being forced to reduce its flying frequency.
By letting AirAsia and MAS swapping shares, we are closing the only competition in the local budget airlines and this is depressing the customer of any other choices. Thus, this is creating a MONOPOLY as AirAsia will be the only budget airline once they successfully close down FireFlyz and they can put any price and any charges they like. What stopping them now when they are the only service provider?
While MAS distributed dividends to Khazanah (which in turn go to rakyat), AirAsia since its first year operating never give out dividend and REPORTING MORE LOSSES THAN PROFITS in almost all of their quarterly financial reports!
Shahirasul
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