PUTRAJAYA, Aug 21 -- The Malaysia Competition Commission (MyCC) signed a Memorandum of Understanding (MoU) with the University Putra Malaysia (UPM) and the Malaysia Productivity Corporation (MPC) at the Monthly Assembly of the Ministry of Domestic Trade and Consumer Affairs (MDTCA) on 20 August 2019.
The signing of the MoU formalises the intent of the MyCC, UPM and MPC to promote and develop education and research as well as other activities related to competition law. This is one of the measures aimed at strengthening the implementation of the Competition Act 2010 and furthering the Commission's objective to safeguard a healthy and beneficial competition process for businesses, consumers and the economy.
Among the collaborations that will take place between the MyCC and UPM will be to develop subjects or modules on Competition Law in Malaysia, industrial training opportunities for students and short-term attachment programs for lecturers.
Meanwhile, the MyCC and MPC's collaboration featured the "APEC-OECD Integrated Checklist on Regulatory Reform" that prioritised the insertion of the Competition Impact Assessment (CIA) into the Regulation Impact Analysis (RIA).
The MoU was signed by Dato’ Seri Mohd Hishamudin Md Yunus, Chairman of the MyCC with Prof. Datin Paduka Dato’ Dr Aini Ideris, Vice-Chancellor of UPM and Dato' Abdul Latif Hj Abu Seman, Deputy Director-General of MPC, witnessed by YB Datuk Seri Saifuddin Nasution Ismail, Minister of MDTCA.