With Ramadan and Kaamatan approaching, the Domestic Trade, Cooperatives and Consumerism Ministry (KPDNKK), Labuan branch, has launched the first ever Ramadan Price Control Scheme and Kaamatan Price Control Scheme to avoid indiscriminate hike in prices of goods.
It announced the price caps for 10 controlled items in conjunction with the Ramadan month and 13 items for the Kaamatan Festival.
Its director Arun Fazhillah Hamdan said the Ramadan Price Control Scheme would run from May 22 to 31, and the scheme for Kaamatan, which falls on May 30, from May 25 to 31.
"The Ramadan Price Control Scheme is the first ever held from this year, as we have heard many complaints from consumers during the previous Ramadan on indiscriminate hike in prices of goods," he told Bernama, today.
The controlled items (for Ramadan) are groundnuts with the wholesale and retail prices set at RM8 and RM9 per kg respectively, green beans (RM7.50/RM8.50), chicken eggs grade A (RM0.40/RM0.42 each), chicken eggs grade B (RM0.39/RM0.41), chicken eggs grade C (RM0.38/RM0.40), whole coconut (RM1.30), grated coconut (retail price at RM6 per kg), coarse grain white refined sugar (RM2.87/RM2.95), fine grain white refined sugar (RM2.95/RM3.05) and wheat flour (retail price at RM1.35 per kg).
"This will enable consumers to obtain the necessary items during the fasting month at reasonable prices, check excessive price hikes and reduce the burden of cost of living," he said.
The controlled items in conjunction with the Kaamatan Festival are live chicken (wholesale price RM6/retail price RM6.60 per kg), standard chicken (RM8.80/RM9.80), super chicken (RM9.30/RM10.30), chicken wings (RM10/RM11), chicken eggs grade A (RM0.40/RM0.42 each), chicken eggs grade B (RM0.39/RM0.41), chicken eggs grade C (RM0.38/RM0.40), imported beef [India] (RM20/RM21 per kg), shallots [India] (RM5.60/RM6.50), garlic [China] (RM14/RM15), pork [stomach] (RM21/RM23), pork [meat and fat] (RM18/RM20) and live pigs (RM9.80 per kg).
Arun Fazhillah said the prices were set after consulting the traders, retailers, farmers, consumers and other relevant stakeholders.
He said the schemes would be enforced under the Price Control and Anti-Profiteering Act and individuals selling the items above the price ceiling could be penalised with a fine of up to RM100,000 and a compound not exceeding RM50,000.
For companies, the fine is up to RM500,000 and the compound up to RM250,000 for the same offence.
"I wish to remind all traders to obey these instructions and be ethical in conducting their business, and the consumers to be responsible and to know their rights," Arun Fazhillah said.
-- BERNAMA
Bernama
Sun May 21 2017
Arun Fazhillah says the prices were set after consulting the traders, retailers, farmers, consumers and other relevant stakeholders. - Photo for illustration purpose
ISIS Malaysia's perspective of Budget 2025
An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Budget 2025: Record increase in STR, SARA aid initiatives
The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar
The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
What policies to expect from Indonesia's new President Prabowo
Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS
The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Israel sends more troops into north Gaza, deepens raid
Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Indonesia ramps up security ahead of Prabowo's inauguration
Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods
Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM
Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
NFOF will be operational in November 2024 with funding of RM1 bil
PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.
Minimum wage to increase to RM1,700 effective Feb 1, 2025
The Progressive Wage Policy would be fully enforced next year with an allocation of RM200 million, benefiting 50,000 workers.
Bursa Malaysia ends higher on Budget 2025 optimism
The benchmark index, which opened 1.85 points higher at 1,643.29, moved between 1,641.71 and 1,649.31 throughout the trading session.
Five important aspects relating to people’s lives in Budget 2025 - PM
The focus is on driving the MADANI Economy, speeding reforms, cutting red tape, raising wages, and tackling the cost of living.
Economic outlook: Govt plans to leverage, expand existing city transit system
The expansion aims to provide a more efficient and reliable public transportation network, reduce congestion, and improve accessibility.
Economic outlook: Budget 2025 to lay foundation for a digital-driven economy
The report said Budget 2025 will entail efforts to position Kuala Lumpur as a top 20 global startup hub by 2030 through the KL20 initiative.
Economic outlook: Corruption and lack of accountability hinder economic progress
Special Cabinet Committee on National governance is established to curb corruption, law reforms to modernise outdate regulations, MoF said.
National Wages Consultative Council will be strengthened
The govt will also incentivise hiring women returning from career breaks, offer job matching and improve care services facilities.
Economic outlook: Ensuring 11 years of compulsory education for all children
Budget 2025 will continue prioritising upskilling and retraining initiatives to equip workers with the latest skill sets necessary.
Consolidated public sector projected to record lower surplus of RM41.7 bil 2024
The MoF said the consolidated general government revenue is estimated to increase slightly to RM384.7 billion in 2024.
PM announces substantial Budget 2025 hastening Malaysia to become Asian economic powerhouse
Datuk Seri Anwar Ibrahim said it would create jobs and also tackle financial leakages to enhance public spending efficiency.