- Joined
- Jul 24, 2008
- Messages
- 33,627
- Points
- 0
<TABLE border=0 cellSpacing=0 cellPadding=0 width=560><TBODY><TR><TD vAlign=top width=550 colSpan=2>Sistic fined $989,000 <!-- TITLE : end--></TD></TR><TR>
</TR><TR><TD vAlign=top width=550 colSpan=2 align=left><TABLE><TBODY><TR><TD><TABLE><TBODY><TR><TD>
</TD></TR><TR><TD class=content_subtitle align=left>Fri, Jun 04, 2010
The Straits Times </TD></TR></TBODY></TABLE></TD><TD width=400 align=right><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR><TD vAlign=top align=right>
</TD><TD height=15>
</TD><TD vAlign=top align=right><FORM method=post name=emailToFriendForm action=emailToFriend.jsp><INPUT value=/vgn-ext-templating/asiaone/emailToFriend.jsp?vgnextoid=4c89756ef5109210VgnVCM100000430a0a0aRCRD&vgnextchannel=2ebaadbd2b722110VgnVCM100000bd0a0a0aRCRD type=hidden name=emailToFriendPageURL> <INPUT value=http://www.asiaone.com/News/AsiaOne%2BNews/Singapore/Story/A1Story20100604-220217.html type=hidden name=emailToFriendStoryLink> 
</FORM><SCRIPT> function openEmailA1AdminWindow(emailToFriendForm) { var emailToFriendPageURL = emailToFriendForm.emailToFriendPageURL.value; emailToFriendForm.action = emailToFriendPageURL; emailToFriendForm.target="_blank"; emailToFriendForm.submit(); } </SCRIPT></TD></TR></TBODY></TABLE><TD></TD></TR></TBODY></TABLE></TD></TR><!-- Story Without Image / With eXtra Large Image End --><TR><TD class=bodytext_10pt colSpan=3><!-- CONTENT : start -->By Lim Wei Chean
TICKETING company Sistic has been slapped with a $989,000 fine for abusing its position as the dominant player in the ticketing market.
The decision by the Competition Commission of Singapore requires Sistic to remove all clauses on exclusive tie-ups and to amend their contracts.
<TABLE border=0 cellSpacing=2 cellPadding=2 width=300 align=right><TBODY><TR><TD><SCRIPT language=JavaScript src="/static/ads/scripts/adsimu.js"></SCRIPT><SCRIPT type=text/javascript src="http://adtag.asiaone.com/tag/a1/js/asiaone_news_imu.js"></SCRIPT><SCRIPT type=text/javascript src="http://ad.doubleclick.net/adj/AsiaOneNews/;pos=1;adtype=1;adtype=2;adtype=3;adtype=4;adtype=5;tile=5;sz=300x250;ord=5867914473447511?"></SCRIPT><SCRIPT type=text/javascript src="http://ad.doubleclick.net/adj/AsiaOneNews/;pos=50;adtype=1;adtype=2;adtype=3;adtype=4;adtype=5;sz=10x10;ord=5867914473447511?"></SCRIPT>
<!-- Zone Tag : SPH In-Text --><SCRIPT type=text/javascript src="http://cdn.innity.com/network.js"></SCRIPT> http://www.asia1.com.sg/<SCRIPT type=text/javascript src="http://as.innity.com/synd/69cb3ea317a32c4e6143e665fdb20b14/4564/js/**/**/NEWS/1275648849618"></SCRIPT></TD></TR></TBODY></TABLE>Sistic has been rapped for exclusive agreements with 19 partners, including Esplanade and Singapore Indoor Stadium. This was the first case of abuse of dominant position.
</TD></TR></TBODY></TABLE>
The Straits Times </TD></TR></TBODY></TABLE></TD><TD width=400 align=right><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR><TD vAlign=top align=right>
</TD><TD height=15>
</FORM><SCRIPT> function openEmailA1AdminWindow(emailToFriendForm) { var emailToFriendPageURL = emailToFriendForm.emailToFriendPageURL.value; emailToFriendForm.action = emailToFriendPageURL; emailToFriendForm.target="_blank"; emailToFriendForm.submit(); } </SCRIPT></TD></TR></TBODY></TABLE><TD></TD></TR></TBODY></TABLE></TD></TR><!-- Story Without Image / With eXtra Large Image End --><TR><TD class=bodytext_10pt colSpan=3><!-- CONTENT : start -->By Lim Wei CheanTICKETING company Sistic has been slapped with a $989,000 fine for abusing its position as the dominant player in the ticketing market.
The decision by the Competition Commission of Singapore requires Sistic to remove all clauses on exclusive tie-ups and to amend their contracts.
<TABLE border=0 cellSpacing=2 cellPadding=2 width=300 align=right><TBODY><TR><TD><SCRIPT language=JavaScript src="/static/ads/scripts/adsimu.js"></SCRIPT><SCRIPT type=text/javascript src="http://adtag.asiaone.com/tag/a1/js/asiaone_news_imu.js"></SCRIPT><SCRIPT type=text/javascript src="http://ad.doubleclick.net/adj/AsiaOneNews/;pos=1;adtype=1;adtype=2;adtype=3;adtype=4;adtype=5;tile=5;sz=300x250;ord=5867914473447511?"></SCRIPT><SCRIPT type=text/javascript src="http://ad.doubleclick.net/adj/AsiaOneNews/;pos=50;adtype=1;adtype=2;adtype=3;adtype=4;adtype=5;sz=10x10;ord=5867914473447511?"></SCRIPT>
<!-- Zone Tag : SPH In-Text --><SCRIPT type=text/javascript src="http://cdn.innity.com/network.js"></SCRIPT> http://www.asia1.com.sg/<SCRIPT type=text/javascript src="http://as.innity.com/synd/69cb3ea317a32c4e6143e665fdb20b14/4564/js/**/**/NEWS/1275648849618"></SCRIPT></TD></TR></TBODY></TABLE>Sistic has been rapped for exclusive agreements with 19 partners, including Esplanade and Singapore Indoor Stadium. This was the first case of abuse of dominant position.</TD></TR></TBODY></TABLE>
