Article Related To price control

The Festive Season Maximum Price Scheme (SHMMP) for Deepavali 2024 is effective for seven days starting today.

PM Datuk Seri Anwar Ibrahim said the meeting had to be postponed to next week to include more urgent matters such as rice price control.

Deputy Minister Fuziah Salleh said the maximum prices will be set based on the need for festive goods for the upcoming festival.

Datuk Seri Anwar Ibrahim said the details of these measures will be announced by Datuk Seri Mohamad Sabu in two weeks.

KPDN has expressed confidence that the Menu Rahmah initiative which involves price-controlled food items can thrive if prices of goods do not rise sharply.

The Ministry of Domestic Trade and Cost of Living has listed 11 items under the Christmas Festive Season Maximum Price Control Scheme (SHMPP).

Since April 2022, the food and non-alcoholic beverages category has risen from 4.1 pct to 5.2 pct in May and was 6.1 pct in June.

Anuar Shah said they could monitor the price control and compare prices using the records in the e-wallet with a cashless system.

Ceiling price control for chicken, chicken eggs and subsidies for palm cooking oil in bottles of two, three and five kilogrammes (kg) will not be continued from July 1.

It is the opportune time for the govt to think outside the box beyond price control measure that is only applicable for the short term.

MDTCA is reviewing the necessary essential goods to be listed in the price control scheme, said its minister Datuk Seri Alexander Nanta Linggi.

The govt has to intensify and enhance the policy mechanisms to guarantee the welfare of farmers, wholesalers, retailers and consumers.

The Festive Season Maximum Price Control Scheme (SHMMP) for the Chinese New Year will be implemented from Jan 29 to Feb 4 involving six types of foodstuff from seafood, dried food and pork categories.

Prices for fresh chicken and chicken eggs may go up after the Malaysian Family Maximum Price Control Scheme ends on Feb 4, but the government will find a mechanism to tackle it.

The Keluarga Malaysia Maximum Price Control Scheme (SHMKM) which was supposed to end on Dec 31 has now been extended to Feb 4.

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