Latest news with #AKHAP
The Sun
09-07-2025
- Business
- The Sun
KPDN inspects 1,698 items in Ops Kesan 4.0 price check sweep
PETALING JAYA: A total of 1,698 stock keeping units (SKU) across 375 business premises were inspected nationwide under Ops Kesan 4.0 between July 1 and July 8, according to the Domestic Trade and Cost of Living Ministry (KPDN). The ministry, in its post on X said the enforcement operation is part of a nationwide effort to ensure businesses do not exploit recent developments, including Sales and Service Tax (SST) adjustments, to unjustifiably raise prices. The operation, led by KPDN's enfrocement division, targets profiteering activities by monitoring the supply chain and retail pricing mechanisms to ensure compliance with Price Control and Anti-Profiteering Act (AKHAP) 2011. The inspection visit to Pasar Borong Selangor in Puchong was led by the ministry's enforcement division deputy director-general (Operations) Shamsul Nizam Khalil as part of initiative by the division to ensure retailers must not use SST implementation as an excuse to trigger unreasonable price hikes. He stressed that KPDN will continue to take stern action against any party found increasing prices without a valid justification.
New Straits Times
03-07-2025
- Business
- New Straits Times
Ice maker defers price hike from RM3.70 to RM6 per block
PUTRAJAYA: A company producing ice and another supplying frozen food have deferred the proposed price increases of their products after a discussion with the Domestic Trade and Cost of Living Ministry. Minister Datuk Armizan Mohd Ali said the ministry had advised both companies during a meeting with their representatives on Monday. He said the meeting was held to clarify viral claims on social media that the companies planned to raise prices allegedly due to the broadened scope of the Sales and Service Tax (SST). "At this point, both companies have decided to postpone their initial plans to implement price increases in July. They will announce a new date after thoroughly reviewing the situation," he said. "During the discussion on July 1, neither company cited SST as the cause. Instead, they pointed to rising operational costs as the main factor," he said during a press conference after officiating in the ministry's 53rd enforcement appreciation ceremony here today. Armizan added that should the companies wish to go ahead with their price revisions, they would be required to provide detailed justification in accordance with Section 21 of the Price Control and Anti-Profiteering Act (AKHAP) 2011. He also encouraged the public to continue reporting any businesses found to be unjustifiably increasing prices. Previously, a social media post had claimed that an ice manufacturer intended to raise the price of its block of ice from RM3.70 to RM6, which is a 62 per cent hike. A frozen food company was also said to be planning a 10 per cent price increase on its products beginning this month.
