KUALA LUMPUR: Traders should not improve prices unreasonably in a approach that burdens shoppers, says Deputy Domestic Trade and Consumer Affairs Datuk Rosol Wahid.
He mentioned that though Malaysia has an open economic system the place prices are decided by forces of provide and demand, merchants are nonetheless topic to the provisions of the Price Control and Anti-Profiteering Act (AKHAP) 2011.
“The Act supplies that merchants will not be spared motion if the value adjustments made present a rise that’s too excessive, sudden and take unreasonable or extreme revenue,” he mentioned in an announcement on Sunday (Jan 23)
Rosol’s assertion was issued to make clear his earlier assertion made in Kuching, Sarawak on Friday (Jan 21) on the instability of prices of important gadgets which additionally affected the meals enterprise.
“What I actually meant as regards to ‘Traders can elevate prices so long as they do not profiteer’ was to elucidate that in step with the enforcement of the Act, merchants could decide the promoting worth of meals to shoppers, together with by making any adjustments in these prices. They are nonetheless topic to the rules underneath the 2011 Act, which incorporates legal guidelines in opposition to profiteering,” he mentioned.
He added that at no time did he indicate that the federal government gave permission to merchants to extend the prices of meals.
On the opposite, he mentioned the federal government would shield shoppers by investigating and taking motion in opposition to unscrupulous merchants, including that buyers should come ahead and complain about such practices by way of the ministry’s official channels. – Bernama
