Malaysia Mulls Anti-Scalping Law To Curb Soaring Reselling Prices
Deputy Communications Minister Teo Nie Ching said her ministry will hold discussions with the Domestic Trade and Cost of Living Ministry (KPDN) and relevant stakeholders to address the growing problem, which has been most apparent at international concerts such as K-pop star G-Dragon's, where scalpers have resold tickets at hefty mark-ups.
Additionally, scalpers were found on social media selling tickets to the concert of My Chemical Romance in Kuala Lumpur, scheduled for April 30 next year, at exorbitant prices, including one offering a Zone C category ticket worth RM499 for RM6,000.
'KPDN is currently reviewing the matter, including the possibility of introducing a Bill to address it. The Communications Ministry has also engaged with event organisers and ticketing companies to find the most suitable solution,' Teo said.
She shared that she has had a meeting with KPDN and the Malaysian Communications and Multimedia Commission on Aug 1 to gather input from agencies tasked with monitoring and enforcing ticket sales.
'The discussions also reviewed international best practices in countries with dedicated anti-scalping laws,' she said.
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