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Price Fixing ....

16 bus operators fined for price fixing on express fares to Malaysia
30 July 2009 2308 hrs (SST)

SINGAPORE: Sixteen express bus operators have been fined by the Competition Commission of Singapore for price fixing.

The Competition Commission had issued a proposed infringement decision in June to the 16 operators and the Express Bus Agencies Association.

The written notice alleged that the firms had fixed prices for express travel fares to and from various destinations in Malaysia from 2006 to 2008.

The agencies were fined a total of S$1.75 million. Transtar Travel was fined the heaviest at S$518,167.

Sebastian Yap, executive director of Transtar Travel, said: "We will urge the Competition Commission of Singapore to reconsider the amount of penalty imposed. We feel that it's a bit too excessive.

"This might cause us serious damage (on top of) what we are facing now. We are also facing very, very stiff competition from the various budget carriers."

- CNA/yb