Competition policy in Malaysia
Competition policy became important in Malaysia following the regulatory reforms that accompanied the government's ambitious privatization programme. Sectoral regulation in the pre-privatization period involved mostly economic regulation and this was purely a matter of 'self-regulation' by the government. With privatization, new regulatory institutions and mechanisms have been established to regulate privatized entities. In the absence of a national competition policy or law, a sectoral approach to oompetition regulation was adopted. This approach to competition regulation has thus far been limited and ineffective.