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On Top of Our Game 04
Chief Executive’s Message
of anti-competitive behaviour
forms an integral part of our
enforcement efforts. We have
strengthened our capabilities
to detect anti-competitive
behaviour by building on the
existing Leniency and Leniency
Plus initiatives. We also reviewed
and increased the maximum
reward for whistle-blowers in our
reward scheme. We hope this
will encourage more individuals
to come forward to provide
useful information to CCS on
competition infringements in
Singapore.
For anti-competitive conduct by
I took over the role of Chief advisories to other public sector dominant firms and cartels, we
Executive in October 2013 agencies and also completed 3 have improved our detection
and it has been a smooth market studies. capabilities by developing a
transition. Having spent almost set of indicators to assist us in
five years as Assistant Chief I am particularly pleased to identifying high-risk industries
Executive (Legal & Enforcement) report a significant milestone that are prone to such conduct,
contributed greatly to this. I am that CCS achieved in the past and will actively monitor these
grateful for my predecessor Ms year by bringing two cases sectors for potential competition
Yena Lim’s capable leadership against international cartels law infringements.
during her tenure in which she which presented a different set
groomed a team of dedicated of challenges in terms of detection Some of you may be aware that
and professional staff who have and enforcement, compared with CCS had introduced a confidential
contributed much to the success those raised by domestic cartels. advice process in 2012 for parties
of CCS. Looking forward, I am who do not wish to announce
excited to share the achievements The first case involved ball their intentions to merge
that CCS has made over the past bearing manufacturers, against publicly, but nonetheless want
year, as well as the plans going whom CCS imposed a total an indication from CCS on the
into our 10th year in 2015 and of S$9.3 million in financial potentially problematic areas of
beyond. penalties. This marks the
the proposed transaction. We are
first time we acted against very encouraged by the take-up
Enforcing The Competition an international cartel in a rate of the scheme so far and
Act and Strengthening Our manufacturing industry, and plan to formalise the procedure.
Capabilities the penalty imposed was also The Mergers Advisory Unit
By enforcing the Competition Act, the highest to date in a single is also actively assessing un-
CCS ensures that Singapore’s case. Similarly, in the second notified merger cases for possible
economy remains competitive case, we also acted against competition infringements.
and vibrant. At the end of several transnational air-freight
FY2013/14, we completed a forwarders for their involvement CCS will continue to review
total of 49 cases, including 21 in cartel activities. our work processes to ensure
anti-competitive agreements, 8 they remain business-friendly.
abuse of dominance cases and Given Singapore’s small and A Commitments and Remedies
3 merger applications. In addition, open economy, anti-competitive Unit (CRU) was formed to fast
we issued 8 notifications for activities can have a deleterious track the closure of cases if the
guidance/decision, 12 competition impact on Singapore. Detection appropriate commitments are
Chief Executive’s Message
of anti-competitive behaviour
forms an integral part of our
enforcement efforts. We have
strengthened our capabilities
to detect anti-competitive
behaviour by building on the
existing Leniency and Leniency
Plus initiatives. We also reviewed
and increased the maximum
reward for whistle-blowers in our
reward scheme. We hope this
will encourage more individuals
to come forward to provide
useful information to CCS on
competition infringements in
Singapore.
For anti-competitive conduct by
I took over the role of Chief advisories to other public sector dominant firms and cartels, we
Executive in October 2013 agencies and also completed 3 have improved our detection
and it has been a smooth market studies. capabilities by developing a
transition. Having spent almost set of indicators to assist us in
five years as Assistant Chief I am particularly pleased to identifying high-risk industries
Executive (Legal & Enforcement) report a significant milestone that are prone to such conduct,
contributed greatly to this. I am that CCS achieved in the past and will actively monitor these
grateful for my predecessor Ms year by bringing two cases sectors for potential competition
Yena Lim’s capable leadership against international cartels law infringements.
during her tenure in which she which presented a different set
groomed a team of dedicated of challenges in terms of detection Some of you may be aware that
and professional staff who have and enforcement, compared with CCS had introduced a confidential
contributed much to the success those raised by domestic cartels. advice process in 2012 for parties
of CCS. Looking forward, I am who do not wish to announce
excited to share the achievements The first case involved ball their intentions to merge
that CCS has made over the past bearing manufacturers, against publicly, but nonetheless want
year, as well as the plans going whom CCS imposed a total an indication from CCS on the
into our 10th year in 2015 and of S$9.3 million in financial potentially problematic areas of
beyond. penalties. This marks the
the proposed transaction. We are
first time we acted against very encouraged by the take-up
Enforcing The Competition an international cartel in a rate of the scheme so far and
Act and Strengthening Our manufacturing industry, and plan to formalise the procedure.
Capabilities the penalty imposed was also The Mergers Advisory Unit
By enforcing the Competition Act, the highest to date in a single is also actively assessing un-
CCS ensures that Singapore’s case. Similarly, in the second notified merger cases for possible
economy remains competitive case, we also acted against competition infringements.
and vibrant. At the end of several transnational air-freight
FY2013/14, we completed a forwarders for their involvement CCS will continue to review
total of 49 cases, including 21 in cartel activities. our work processes to ensure
anti-competitive agreements, 8 they remain business-friendly.
abuse of dominance cases and Given Singapore’s small and A Commitments and Remedies
3 merger applications. In addition, open economy, anti-competitive Unit (CRU) was formed to fast
we issued 8 notifications for activities can have a deleterious track the closure of cases if the
guidance/decision, 12 competition impact on Singapore. Detection appropriate commitments are
