11 air freight forwarders in breach of Competition Act
The Competition Commission of Singapore, CCS, says its investigations have found 11 air freight forwarders to be in breach of the Competition Act.
CCS says they have infringed section 34 of the Competition Act by collectively fixing certain fees and surcharges, and exchanging price and customer information for shipments from Japan to Singapore.
The commission has issued a Proposed Infringement Decision or PID against the 11 companies and their Singapore subsidiaries.
The PID is issued to give the parties concerned an opportunity to respond provide any other information to CCS.
The parties have 35 working days from the receipt of the PID to make their representations.
Their representations will be taken into consideration in the competition commission's final decision on the matter.
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