China has imposed penalties totalling 353 million yuan (HK$434 million) on six manufacturers of flat panel screens, including Samsung and LG Display, for fixing prices.Saturday, 5 January, 2013, 5:00am
The 353 million yuan (HK$439 million) penalty the National Development and Reform Commission (NDRC) slapped on a price cartel of six Taiwanese and South Korean makers of liquid crystal displays sets a precedent.
It signals Beijing's resolve to act against monopolistic behaviour not just by domestic firms but multinationals as well.5 Jan 2013 - 7:18am
Cathay cleared in UK price-fix probe15 Dec 2012 - 3:12am
Cathay Pacific Airways agreed to pay a fine of A$11.75 million (HK$95.5 million) in an air cargo price-fixing case in Australia.
The Federal Court of Australia approved the settlement between Cathay and the Australian Competition and Consumer Commission yesterday.7 Dec 2012 - 3:23am
Small and medium-sized businesses say the government's draft competition law lacks detail and needs more clarity before they will back it, according to the city's leading business chamber.
Among the areas they want more details on are what constitutes price-fixing and abuse of market power.22 Dec 2010 - 12:00am
Businesses resent competition. Supermarket chains want to be the only ones roping in consumers. Internet service providers, investment banks, airlines, law firms and many others seek to impose loyalty on their clients.5 Aug 2008 - 12:00am
Hong Kong should introduce anti-price-fixing laws to discourage cartels, according to the first competition study commissioned by the government.
The report into pricing at petrol pumps found that while prices tended to increase or fall at the same time, it did not mean there was collusion between the six main fuel companies.14 Apr 2006 - 12:00am
Yet again the notion of Hong Kong as a free market is called into question. It took the Consumer Council a year to investigate why oil companies charge drivers in the SAR more for petrol than they do anyone else in the world, and how it is that price fluctuations occur at the same time among seven companies that should be competing against each other for market share.13 Jan 2000 - 12:00am
Complaints against phone companies have soared 80 per cent in the past year.
Customers say they are being cheated by IDD and mobile phone 'specials', the Consumer Council said yesterday.
The news came as mobile phone owners protested over five networks' simultaneous decision this week to raise monthly fees by $20.6 Jan 2000 - 12:00am
Shipping construction firms from Texas, the Netherlands and Belgium have agreed to pay the US Government a total of US$65 million in fines for conspiring to fix prices on bids, the Justice Department says.29 Dec 1997 - 12:00am