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Price-fixing probe on buses

MarrickG

Alfrescian
Loyal
For once, something good is being done. I wonder if they would dare to take on others (e.g. ISP service providers, taxi companies, petrol stations, etc)...anyone got more to add? Maybe we can submit a list to them for action. :biggrin:


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SIXTEEN tour coach agencies, including many major players, and a bus association are under probe for allegedly fixing the prices of express bus tickets to Malaysia between 2006 and last year.

The coach companies and the Express Bus Agencies Association were on Tuesday given six weeks by the Competition Commission of Singapore to submit their defence.

The tour agencies include names like Grassland Express & Tours, Nam Ho Travel Service and Five Star Tours.

Those who were contacted on Tuesday, however, either denied fixing prices or said they had not seen the notice sent by the commission. A number of agencies did not return calls or were uncontactable.

The commission said that because an investigation was on, it would not disclose specifics or say what triggered the probe.

But its spokesman said price-fixing was a 'serious infringement' of the Competition Act, and that businesses which collude to fix prices 'are in fact agreeing to stop competing' for financial gain.

The 16 companies and the association have been issued a Proposed Infringement Decision, a written notice laying out the facts.

A preliminary check by The Straits Times on Tuesday turned up a range of prices for coach rides to Malaysia. The coach fares varied depending on dates of travel and the seating capacity of the coaches offered by the agencies.

This is the second time that the commission has singled out a particular group of businesses by issuing them Proposed Infringement Decision notices.

The penalty for companies or organisations found guilty of anti-competitive practices can be a fine of up to 10 per cent of their annual turnover here for each year of infringement, for up to three years.
 

hairylee

Alfrescian
Loyal
Bro, take it with a pinch of salt. Is LTA taking them to task for fixing prices at the low end or high end. PAP is always fixing prices at the high end. KNNBACCB, LTA should be taking to task SBStransit and SMRT for fixing prices at the high end.
 

Snipeshot08

Alfrescian
Loyal
what about patrol companies:oIo::oIo:

Actually when there are no physical meetings or correspondences between the parties involved it will be damn difficult to prove collusion in court :(

Thats why smart companies just simply adopt a wait & see, if one competitor increase or decrease price they just follow accordingly and try not to undercut or overcut each other :cool: ends up nobody suffer......... except the consumer of cos...:mad:
 
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