A consortium set up by three beverage firms to run a beverage container return scheme is not anti-competitive, Singapore's competition watchdog said on Jan 3.
Coca-Cola Singapore Beverages, F&N Foods and Pokka sought guidance from the Competition and Consumer Commission of Singapore (CCCS) on whether the joint establishment and operation of the Beverage Container Return Scheme (BCRS) Ltd infringes the Competition Act, said the watchdog.
In response to queries, CCCS said this is the first application it has received from firms seeking guidance to jointly meet environmental sustainability goals since a guidance note on such collaborations was issued in March 2024.
CCCS said on Jan 3 that the joint establishment and operation of BCRS is unlikely to infringe the Competition Act.
In the guidance note on how businesses can collaborate to meet sustainability goals, CCCS said a collaboration that restricts competition will still be in compliance with the law if it leads to economic benefits, such as lower costs, among other criteria.
The note gives more clarity on how to pursue business collaborations without harming competition while supporting Singapore's environmental sustainability goals.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
AGE-OLD CRAFT OF WEAVING CARPETS AT RISK
In southern Morocco, women are the guardians of the age-old craft of carpet weaving, an intricate art form that often leaves them with meagre earnings.
Zendaya and Tom Holland engaged, says US media
Spider-Man co-stars Zendaya and Tom Holland are engaged, American media reported on Jan 6, the day after she was spotted wearing a huge diamond ring.
Johnny Depp alerts fans to online scammers posing as him
Hollywood actor Johnny Depp has alerted his fans to online scammers impersonating him.
Singapore composer George Leong calls Dick Lee 'self-centred' amid emotional rant about music scene
Singaporean composer and musician George Leong has worked on some of the biggest hits of Mandopop and Cantopop, but in an impassioned Facebook post, the 54-year-old seemed to have thrown it all away.
Squid Game 2 Met With Backlash Over Vietnam War Reference
Squid Game 2, a dystopian drama in which hopeless people compete for survival by playing Korean children's games, is facing backlash from Vietnamese audiences over a remark on the Vietnam War (1955 to 1975).
68 S'pore writers sign statement on NLB's 'uncritical endorsement' of generative AI
Members of Singapore's literary community are calling on the National Library Board (NLB) to exercise greater prudence in adopting generative artificial intelligence (AI) or risk \"permanently damaging Singapore's literary landscape\".
Mediacorp disqualifies stolen designs from competition
Three illustrations submitted to a Mediacorp design competition have been removed from the media company's website and disqualified after they were found to have been stolen.
From bad boy to Better Man
Pop star Robbie Williams reflects on hedonism and healing for biopic
That very hot drink could be doing you harm
Drinking very hot beverages is a proven risk factor for oesophageal cancer
STRENGTH BAND-AID
Research suggests that resistance bands are as effective as weights at building strength