Apple, Google say finance committee proposal for competition law ‘regressive’

Big Tech firms such as Apple, Google, Meta, Amazon and others have strongly opposed the recommendation by the parliamentary standing committee on finance for a digital competition law. These firms, through their association Asia Internet Coalition (AIC), have said that the finance committee’s proposal would restrict competition or innovation of digital ecosystems in the name of fairness.

Instead, AIC wants the government to conduct wider stakeholder consultations first, to ensure that new legislative proposals meet international best practices, are evidence-based, and are for the purpose of benefiting innovation, growth and consumers.