Price Control and Anti-Profiteering Act

The Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) has opened investigation papers on eight chicken traders over suspicion of profiteering.

The premises was issued with a RM2,000 compound as the operator had violated Section 11 the Price Control and Anti-Profiteering Act 2011.

The compound was issued for an offence under Section 11 of the Price Control and Anti-Profiteering Act.

The compound was offered to the hospital today for the offence it had committed under Section 11 of the Price Control and Anti-Profiteering Act 2011.

The case is being investigated under the Price Control and Anti-Profiteering Act 2011 for the offence of selling or offering a price-controlled item at more than the set maximum price.

The ministry would take stern action against traders who violated the Control of Supplies Act 1961 and Price Control and Anti-Profiteering Act 2011.

Amendments to the Price Control and Anti-Profiteering Act 2011 will be tabled in Parliament this October or by the end of November, the latest, aimed at tackling manipulation by middlemen.

The market leader, with 60 per cent domestic market share, said sugar was gazetted under the Price Control and Anti-Profiteering Act 2011.

The Domestic Trade, Cooperatives and Consumerism Ministry (KPDNKK) warned traders to not deliberately raise the price of school supplies.

Datuk Seri Hamzah Zainuddin says the ministry hoped a new mechanism could be put in place which all parties, namely traders and consumers, would be agreeable to.

The monitoring of the prices of 13 items listed under the price control scheme in conjunction with Chinese New Year will begin tomorrow until Feb 14.

A telephone shop owner was fined RM10,000 by the Sessions Court for failing to comply with a direction made by an Assistant Price Controller to provide information and documents on his business.

The Domestic Trade, Cooperatives and Consumerism Ministry has issued a show-cause notice to a food court operator at a supermarket who has been charging high prices for drinks.

KPDNKK has listed 21 consumer items under the Festive Season Price Control Scheme which would be enforced for 17 days from July 7 to 23.

The 2014 Price Ops, aimed at clamping down on traders violating the Price Control and Anti-Profiteering Act, was simultaneously launched nationwide today.

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