Two firms delay price hikes after KPDN meeting with Armizan
The firms were summoned to justify their proposed adjustments, with Minister Datuk Armizan Mohd Ali confirming the postponement following the meeting.
During the session, both companies were instructed to consult KPDN's Enforcement Division before finalising any price changes. Armizan clarified that the firms had cited rising operational costs, not the revised Sales and Services Tax (SST), as the reason for the adjustments.
Recent social media claims suggested Sim Yang Hok Industries Sdn Bhd would raise ice block prices from RM3.70 to RM6, while Ramly Burger allegedly imposed a 10 per cent hike starting 1 July 2025. The ice supplier denied the viral post, calling it false, and filed a police report.
Armizan confirmed that Ramly Burger received a Goods Information Verification Notice (NPMB) under Section 21 of the Price Control and Anti-Profiteering Act 2011 to justify its pricing review. He reiterated KPDN's commitment to monitoring markets and preventing unjustified price surges.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malaysiakini
38 minutes ago
- Malaysiakini
PAS warns 'Saya Suka Travel' govt of price hikes following SST expansion
PAS information chief Ahmad Fadhli Shaari cautioned Putrajaya of possible escalating costs following reports that some retailers may hike up prices following the expansion of the sales and service tax (SST). In a series of Facebook posts, he pointed out that the issue was not about the percentage of the hike but rather how the tax expansion would eventually raise prices of the end product.
Free Malaysia Today
3 hours ago
- Free Malaysia Today
Don't use expanded SST as pretext to raise room rates, hoteliers told
Malaysian Association of Hotels vice-president Khoo Boo Lim was reported as saying hoteliers have no choice but to pass the added costs of the SST on to consumers. (Envato Elements pic) PETALING JAYA : The expansion of the sales and service tax (SST) does not warrant the hotel room rate increases asserted by some hotel associations, says the finance ministry. The ministry clarified that the SST revisions effective July 1 do not include changes to the service tax applied to accommodation or food and beverages at hotels, Bernama reported. 'The SST revisions do not affect basic daily goods, but may affect hotels indirectly through the expansion of service tax to cover rental on commercial properties, and also sales tax on selected food items such as premium seafood and imported fruits. 'However, these indirect impacts are unlikely to translate to increases of 10% to 15% in costs faced by hotels,' the ministry said. Malaysian Association of Hotels (MAH) vice-president Khoo Boo Lim was reported as saying hoteliers have no choice but to pass the added costs of the SST on to consumers. Negeri Sembilan MAH chapter chairman Haziz Hassan said the rate hikes could be between 10% and 15%. The ministry warned that if hotels raise rates under the pretext of the expanded SST, the tourism, art and culture ministry will examine the matter to prevent unreasonable price increases.
Malay Mail
7 hours ago
- Malay Mail
No notice, no consultation: Kepong MP demands answers over sudden SST hike on A4 paper from July 1
KUALA LUMPUR, July 5 – Kepong MP Lim Lip Eng has today slammed the government's sudden decision to impose a 10 per cent Sales and Services Tax (SST) on A4 paper products from July 1, calling it irresponsible and damaging to both the public and the economy. He said the move, made without prior notice or consultation, has caught the industry and consumers off guard, disrupting contracts and causing losses to suppliers who are now forced to absorb the cost increase. 'Many companies had signed contracts to supply A4 paper, including to government departments, based on tender prices set a year ago,' Lim said in a statement here. 'How are they expected to continue supplying at the old prices when the tax rate has suddenly increased?' The DAP questioned the lack of transparency behind the implementation, criticising the government for not announcing the tax hike earlier and for keeping stakeholders in the dark. He also urged disciplinary action against officials involved in drafting the policy without consultation, suggesting they should face demotions to experience the consequences of abrupt decision-making. Lim called on the government to provide a transition period of two to three months to allow the industry and consumers time to adjust. He warned that such unilateral decisions could undermine investor confidence and damage Malaysia's economic reputation. He stressed that the practice of introducing policy changes without notice must end to preserve transparency, accountability, and good governance.
