Ceiling price is to control prices of goods, not necessarily make them cheaper, Dewan Negara told

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KUALA LUMPUR: Setting the maximum price of goods is to ensure they are not sold at too high a price, but this does not necessarily mean that the items will be cheaper, says Datuk Rosol Wahid.

The Deputy Domestic Trade and Consumer Affairs Minister told the Dewan Negara that consumers were often confused about the term maximum price, by assuming that the items would become less expensive than usual.

"Suddenly, because the government set the maximum price, he raised it to RM9.60. This is what happens," he said when winding-up the debate on the Trade Descriptions Bill 2021. "We will discuss with the local authorities, and then put labels on certain shops that want to lower the price or are willing to accept the price we set. These traders may be given rental rebates, and this will lead to lower prices," he said.

The Dewan Negara also approved the Malaysian Space Board Bill 2020 tabled by Deputy Science, Technology and Innovation Minister Datuk Ahmad Amzad Mohamed @ Hashim, which was later debated by seven senators.

 

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