By Martin Gøttske
Asia appears to be stepping up a clampdown on unfair business practices, with governments believing that aggressive law enforcement will contribute to economic development.
From the Philippines to Hong Kong to India there’s a focus on cracking down on cartels, bid rigging and other anti-competitive business practices.
Companies have been hit with fines in several ASEAN-nations. The association inaugurated the ASEAN Economic Community at the end of 2015 and the member nations have introduced competition laws in an effort to integrate their economies under common rules.