When CCS ruled against the Singapore Medical Association (“SMA”) Guidelines on Fees in August 2010, it made clear, " In general, price recommendations by trade or professional associations are harmful to competition because they create focal points for prices to converge, restrict independent pricing decisions and signal to market players what their competitors are likely to charge."
Now put into context the action plan of the National Taxi Association (NTA), a trade union body representing some 12,000 taxi drivers, which has said it "is already in talks with other taxi companies and urges them to adjust their taxi fares as soon as possible."
You don't need to be a qualified civil lawyer like Mr Sng Kheng Huat to concur that the NTA statement "smacks of an attempt at price-fixing."
So why did the CCS declined to "comment "on individual cases or whether it is investigation a case"? Could it be because ComfortDelGro's major shareholder (12.1%) is Singapore Labour Foundation? We know the part about fixing the opposition, are they planning to fix the commuters too?
CCS is a statutory board established under the Act on 1 January 2005 to administer and enforce the Competition Act. The Act empowers CCS to investigate alleged anti-competitive activities, determine if such activities infringe the Act and impose suitable remedies, directions and financial penalties. Now go investigate and earn your year end bonuses.
|Does this look like they need the money?|