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On Top of Our Game 02
Chairman’s Message
Key Achievements FY2013/2014 was a busy and fruitful
During the year in review, CCS’s
case load increased by almost year for CCS as we continued
30% over the previous year. championing competition through
This underscores an increased enforcement and advocacy.
awareness of anti-competitive
conduct (for instance, with
more leniency applications) coordination of operations Building awareness of
amidst a growing understanding between Qantas and Jetstar, competition law and policy
where business conduct in Singapore continues to be
of the importance of a fair
could result in potentially anti-
and competitive business an important part of CCS’s
environment. There is still more competitive effects on the efforts to help businesses
enforcement and advocacy industries involved. We decided comply with the Competition
work to be done, but we have to issue clearance decisions after Act. To this end, CCS officers
established a good track record our assessment suggested that regularly conduct outreach
and set clear boundaries for there were either net economic and educational sessions
companies, which will serve benefits or no appreciable anti- targeted at trade and business
the Singapore economy well competitive effects. associations, law firms, schools
in the long run. and universities, and other
As the competitive dynamics of stakeholders. To expand our
Two cartels operating in the markets evolve over time, CCS advocacy efforts, we launched
ball bearings and air freight maintains a close watch on our first essay competition in
changing business trends and partnership with the Economic
industries are particularly
noteworthy. As the first Society of Singapore in January
the corresponding competition
international cartels handled impact on various sectors. For 2014. The competition, themed
by CCS, these cases are a instance, the aviation industry “Competition Policy and Law in
significant milestone in the is seeing an increase in joint Singapore: Opportunities and
ventures as airlines gear up Challenges ahead”, was open to
competition landscape in
Singapore and effectively
for growth opportunities in all Singaporeans and permanent
the Asia-Pacific region. To residents, and received very
demonstrate the extra-
territorial reach of Singapore’s maintain an expert view of insightful submissions.
Competition Act. The two cases the changing competition
came to light through CCS’s landscape in the aviation Forging and deepening
Leniency Programme, which industry, CCS commissioned relationships with our
is designed to allow companies a market study for an in-depth competition counterparts in the
involved in cartel activities to review of the scale and scope region and abroad remain a key
come forward with evidence of benefits arising from airline focus as we seek to strengthen
to expose the cartel, while joint ventures. The report was our enforcement regime in
possibly having up to 100% published in March 2014 and today’s globalised business
reduction in financial penalties. has enabled CCS to gain a environment. CCS is an active
deeper understanding of member of the ASEAN Experts
CCS also looked carefully
the competitive dynamics of Group on Competition (AEGC)
at complex cases, such as the industry and make more that encourages greater co-
Visa’s Multilateral Interchange expedient assessments of operation on competition policy
fut
Fee (MIF) system and the ure aviation joint ventures. among ASEAN countries,
Chairman’s Message
Key Achievements FY2013/2014 was a busy and fruitful
During the year in review, CCS’s
case load increased by almost year for CCS as we continued
30% over the previous year. championing competition through
This underscores an increased enforcement and advocacy.
awareness of anti-competitive
conduct (for instance, with
more leniency applications) coordination of operations Building awareness of
amidst a growing understanding between Qantas and Jetstar, competition law and policy
where business conduct in Singapore continues to be
of the importance of a fair
could result in potentially anti-
and competitive business an important part of CCS’s
environment. There is still more competitive effects on the efforts to help businesses
enforcement and advocacy industries involved. We decided comply with the Competition
work to be done, but we have to issue clearance decisions after Act. To this end, CCS officers
established a good track record our assessment suggested that regularly conduct outreach
and set clear boundaries for there were either net economic and educational sessions
companies, which will serve benefits or no appreciable anti- targeted at trade and business
the Singapore economy well competitive effects. associations, law firms, schools
in the long run. and universities, and other
As the competitive dynamics of stakeholders. To expand our
Two cartels operating in the markets evolve over time, CCS advocacy efforts, we launched
ball bearings and air freight maintains a close watch on our first essay competition in
changing business trends and partnership with the Economic
industries are particularly
noteworthy. As the first Society of Singapore in January
the corresponding competition
international cartels handled impact on various sectors. For 2014. The competition, themed
by CCS, these cases are a instance, the aviation industry “Competition Policy and Law in
significant milestone in the is seeing an increase in joint Singapore: Opportunities and
ventures as airlines gear up Challenges ahead”, was open to
competition landscape in
Singapore and effectively
for growth opportunities in all Singaporeans and permanent
the Asia-Pacific region. To residents, and received very
demonstrate the extra-
territorial reach of Singapore’s maintain an expert view of insightful submissions.
Competition Act. The two cases the changing competition
came to light through CCS’s landscape in the aviation Forging and deepening
Leniency Programme, which industry, CCS commissioned relationships with our
is designed to allow companies a market study for an in-depth competition counterparts in the
involved in cartel activities to review of the scale and scope region and abroad remain a key
come forward with evidence of benefits arising from airline focus as we seek to strengthen
to expose the cartel, while joint ventures. The report was our enforcement regime in
possibly having up to 100% published in March 2014 and today’s globalised business
reduction in financial penalties. has enabled CCS to gain a environment. CCS is an active
deeper understanding of member of the ASEAN Experts
CCS also looked carefully
the competitive dynamics of Group on Competition (AEGC)
at complex cases, such as the industry and make more that encourages greater co-
Visa’s Multilateral Interchange expedient assessments of operation on competition policy
fut
Fee (MIF) system and the ure aviation joint ventures. among ASEAN countries,
