Latest news with #PriceControlandAnti-ProfiteeringAct2011
Barnama
a day ago
- Business
- Barnama
Kelantan KPDN To Increase Monitoring To Prevent Traders From Manipulating Egg Prices
KOTA BHARU, July 28 (Bernama) -- The Kelantan branch of the Ministry of Domestic Trade and Cost of Living (KPDN) will increase enforcement under the Price Control and Anti-Profiteering Act 2011 to curb price manipulation by irresponsible traders following the removal of egg subsidy from Aug 1. Its director, Azman Ismail, said that previously, his department had always conducted inspections on supermarkets and retail stores to ensure traders do not take advantage. Based on the monitoring conducted, the egg supply in Kelantan is not experiencing any issues, and there is no shortage of that commodity.
The Sun
4 days ago
- Business
- The Sun
KPDN monitors petrol stations to prevent RON95 subsidy misuse
ALOR SETAR: The Ministry of Domestic Trade and Cost of Living (KPDN) will intensify monitoring at petrol stations nationwide to curb potential misuse of subsidised RON95 petrol once the fuel subsidy rationalisation takes effect. Deputy Minister Datuk Dr Fuziah Salleh stated that enforcement teams are prepared to tackle irregularities, including repeated MyKad usage for excessive purchases. Fuziah highlighted that the MyKad system will help track unusual fuel transactions, ensuring subsidies benefit only eligible Malaysians. 'We can detect if a single MyKad is used multiple times in a day through system records, preventing excessive claims,' she said after an Op Kesan 4.0 inspection at a local supermarket. The operation, launched following recent sales and service tax adjustments, has inspected 950 premises nationwide, covering 3,965 stock-keeping units. Authorities issued 950 price notices under the Price Control and Anti-Profiteering Act 2011, with 23 complaints under investigation. Fuziah reiterated that KPDN remains vigilant against profiteering and price manipulation by traders exploiting tax changes. - Bernama
New Straits Times
7 days ago
- Business
- New Straits Times
No excuse for unjustified price hikes under SST, Johor traders warned
JOHOR BARU: Johor Domestic Trade and Cost of Living Ministry launched an enforcement operation to curb profiteering following the implementation of the expanded Sales and Service Tax (SST). The operation codenamed Op Kesan 4.0, is a statewide enforcement blitz, which took effect early this month. State ministry director Lilis Saslinda Pornomo said enforcement officers had conducted checks on 48 business premises involving 235 items, which was carried out under the Price Control and Anti-Profiteering Act 2011. During a walkabout at a supermarket in Larkin Junction here today, Lilis said the 48 premises were issued price information verification notices to obtain detailed data on cost, pricing, and profit margins. "The ministry also received four complaints related to suspected profiteering under the operation, and investigations are ongoing. "The operations main focus is to ensure that businesses do not exploit SST adjustments as a blanket excuse to increase prices without justification," she said in a statement today. The enforcement operation will also monitor four key elements, which includes items and services affected by SST changes, businesses above the SST registration threshold, price movement timelines aligned with SST enforcement dates, and profit margins to detect unreasonable mark-ups. Lilis warned that offenders found guilty of profiteering can be fined up to RM100,000 or jailed up to three years, or both. Companies face fines of up to RM500,000. She urged businesses to assess the four elements before adjusting prices or charges and reminded the public to report suspicious hikes through official channels, including the Ez ADU app, WhatsApp, and the KPDN e-complaint portal.
Daily Express
19-07-2025
- Business
- Daily Express
Goods worth RM224,718 seized by Labuan Domestic Trade and Cost of Living Ministry
Published on: Saturday, July 19, 2025 Published on: Sat, Jul 19, 2025 Text Size: Junaidah (right) together with KPDN enforcement personnel conducting an Ops Kesan 4.0 enforcement inspection at one of the supermarkets. LABUAN: A total of RM224,718.51 worth of goods have been seized here following intensive enforcement actions by the Domestic Trade and Cost of Living Ministry (KPDN) to date this year. So far, KPDN Labuan has inspected 9,356 business premises across the island, leading to 96 enforcement cases under five different legislations. Advertisement KPDN Labuan Director Junaidah Arbain said the most common violations involved the Price Control and Anti-Profiteering Act 2011, with 49 cases, followed closely by 31 cases under the Weights and Measures Act 1972. 'Additionally, eight cases were recorded under the Control of Supplies Act 1961, five under the Trade Descriptions Act and three under the Consumer Protection Act 1999. 'Alongside the seizures, enforcement efforts included the issuance of compounds amounting to RM72,500 and court-imposed fines totalling RM93,500,' she said Friday. KPDN officials also received and resolved all 77 consumer complaints lodged during the same period. Junaidah said the most frequent grievance involved pricing issues, accounting for 32 complaints. 'KPDN Labuan emphasises that all complaints have been fully investigated and no cases remain pending. 'The Ministry reaffirms its commitment to protecting consumer rights and ensuring business compliance, pledging to continue its rigorous enforcement and awareness efforts throughout the year,' she said. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
New Straits Times
18-07-2025
- Business
- New Straits Times
Ongoing crackdown in Labuan nets RM224,000 in seized goods
LABUAN: A total of RM224,718.51 worth of goods have been seized here following intensive enforcement actions by the Domestic Trade and Cost of Living Ministry to date this year. So far, its Labuan branch has inspected 9,356 business premises across the island, leading to 96 enforcement cases under five different legislations. Domestic Trade and Cost of Living Ministry's Labuan director Junaidah Arbain said the most common violations involved the Price Control and Anti-Profiteering Act 2011, with 49 cases, followed closely by 31 cases under the Weights and Measures Act 1972. "Additionally, eight cases were recorded under the Control of Supplies Act 1961, five under the Trade Descriptions Act, and three under the Consumer Protection Act 1999. "Alongside the seizures, enforcement efforts included the issuance of compounds amounting to RM72,500 and court-imposed fines totalling RM93,500," she told Bernama today. Ministry officials also received and resolved all 77 consumer complaints lodged during the same period. Junaidah said the most frequent grievance involved pricing issues, accounting for 32 complaints. "KPDN Labuan emphasises that all complaints have been fully investigated and no cases remain pending. "The ministry reaffirms its commitment to protecting consumer rights and ensuring business compliance, pledging to continue its rigorous enforcement and awareness efforts throughout the year," she said. – Bernama
