Towards raising the awareness of the business community and procurement officials and at the same time, prevent collusive tendering in public procurement and cartel conduct, a dissemination session was held on the introduction of the Competition Order 2015 in Brunei Darussalam. It is also a continuous effort of the Department of Competition and Consumer Affairs in the Department of Economic Planning and Development, Ministry of Finance and Economy in collaboration with the Ministry of Health. The session was attended by more than 80 business representatives registered with the Ministry of Health.
The Competition Order 2015 is a law that prohibits cartel conducts including collusive tendering or bid rigging, which can potentially put fair, honest and well-run companies out of business and harm long-term consumer welfare.
During the session, the business owners were advised on the various forms of harmful anti-competitive agreements including collusive tendering, price fixing, controlling market and limiting supply of goods to create artificial shortage.
Also shared was one of the key tools in the Competition Order 2015, used to detect cartels, including bid-rigging which is the leniency programme. Any inquiries and request for briefings on the Competition Order 2015, can be made through the Department of Competition and Consumer Affairs in the Department of Economic Planning and Development, Ministry of Finance and Economy through email Brunei.email@example.com or call 2233344 extension 341 or 643.
Source: Radio Television Brunei