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.
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Passengers say Turkish Airlines flights have bedbugs
Shortly after boarding her Turkish Airlines flight from Johannesburg to Istanbul in March, Ms Patience Titcombe from Phoenix noticed a small bug crawling on her seat when she got up to use the restroom.
Actor Ben Yeo shutters restaurant after incurring $1 million loss in two years
Local actor and F&B entrepreneur Ben Yeo is shutting down the high-end modern Chinese restaurant he founded, Tan Xiang Yuan, after two years.
Director Jeff Baena elevated dark themes with humour in his works
American director and screenwriter Jeff Baena, who co-wrote the dark comedy I Heart Huckabees (2004) and directed films including Life After Beth (2014) and Horse Girl (2020), died on Jan. 3 at a residence in Los Angeles. He was 47.
Squid Game star denies ties with South Korea ruling party's former leader
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'CRAZY' CHUA TURNS PRO
S'pore triathlete aims to win SEA Games, qualify for Asian Games and Olympics
The fall in sport is cruel, inevitable and hard to digest
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