Deputy minister reminds traders nationwide not to increase prices arbitrarily | Malay Mail

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Deputy minister reminds traders nationwide not to increase prices arbitrarily

KUALA LUMPUR, Jan 23 — Deputy Minister of Domestic Trade and Consumer Affairs Datuk Rosol Wahid has reminded traders not to make unreasonable price hikes that could burden consumers.

“The Act provides that traders will not be spared action if the price changes made show an increase that is too high, sudden and take unreasonable or excessive profit,” he said in a statement today. “What I truly meant with regards to ‘Traders can raise prices as long as they do not profiteer’ was to explain that in line with the enforcement of AKHAP 2011, traders may determine the selling price of food to consumers, including in terms making any changes in those prices, but they were still subject to regulation under AKHAP 2011, which includes profiteering,” he said.

 

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