The government will proceed in implementing the nationwide price-reduction campaign from March 1 despite the uncertain global oil price scenario, Domestic Trade, Cooperative and Consumerism Minister Datuk Seri Hasan Malek said.
He said traders should not hesitate to reduce the price of their goods because the oil price was not the determining factor for price hikes as it would also occur based on other factors.
"Come March 1, the campaign will be implemented across the country because we are committed and we believe that the campaign will help alleviate the burden of the consumers, besides proving that the government is serious in addressing this issue," he told reporters after launching the '90 Days of Low Price Lock' campaign at Giant Hypermarket here on Thursday.
Also present was GCH Retail Malaysia Sdn Bhd financial director Vincent Jegou.
Hasan said that the low price lock campaign launched by Giant Hypermarket was a proof of support for the government's effort to solve people's problems following the rising cost of living.
In another development, Hasan said the ministry, with cooperation from the Malaysia Competition Commission (MyCC) would enforce the Competition Act 2010 to promote healthy competition and hence, reduce the price of goods in the market.
He said the enforcement of the Act was aimed at avoiding conspiracy among traders who wanted to raise the prices of goods at their whims and fancy.
"Action has been taken against many companies for engaging in anti-competition activities. In fact, we are also enforcing the Price Control and Anti-Profiteering Act 2011 against traders who increase prices of goods at their whims and fancy.
"From this moment on, we will not issue warnings anymore. Any traders found guilty, appropriate action will immediately be taken against them," he added.
Bernama
Fri Feb 27 2015
HASAN MALEK: Come March 1, the campaign will be implemented across the country.
AWANI Ringkas: Aktivis Malaysia sertai Misi Flotila ke Gaza hari ini
Ikuti rangkuman berita utama yang menjadi tumpuan sepanjang hari di Astro AWANI menerusi AWANI Ringkas.
Kami sedia membantu - Penyokong Kedah
Dia berpandangan bahawa ada cara yang lebih baik untuk menangani masalah itu dengan menegaskan penyokong sedia membantu.
AWANI Pagi: Berita tumpuan & menarik di astroawani.com [18 April 2024]
Antara fokus Awani Pagi bersama Afiezy Azaman & Geegee Ahmad;
Temuramah bersama Edwin Laimin, Ketua Pemuda PBRS sempena mengenan Joseph Kurup dalam kenangan
Analisis Pasca Mesyuarat Peruntukan MP Pembangkang bersama Dr Mohammad Tawfik Yaakub, Penganalisis Politik UM
Temuramah bersama Edwin Laimin, Ketua Pemuda PBRS sempena mengenan Joseph Kurup dalam kenangan
Analisis Pasca Mesyuarat Peruntukan MP Pembangkang bersama Dr Mohammad Tawfik Yaakub, Penganalisis Politik UM
AWANI Pagi: Pasca mesyuarat peruntukan MP pembangkang
Analisis Pasca Mesyuarat Peruntukan MP Pembangkang bersama Dr Mohammad Tawfik Yaakub, Penganalisis Politik UM.
Empangan bawah tanah: Kedah akan hantar pasukan teknikal ke Jepun
Cadangan membina empangan bernilai lebih RM300 juta itu telah diluluskan di peringkat Lembaga Sumber Air Negeri Kedah.
ACCA: Profesional kewangan optimis namun berhati-hati dengan prospek ekonomi Malaysia
Bagaimanapun, kebimbangan terhadap kos operasi dan faktor luaran memerlukan pendekatan berhemat oleh organisasi kewangan dan perniagaan.
Op Selamat 22 catat penurunan kes kemalangan, kematian
Ketua Polis Negara Tan Sri Razarudin Husain berkata jumlah kes kemalangan menurun sebanyak 8,862 kes berbanding 8,989 kes pada tahun lepas.
AWANI Pagi: Joseph Kurup dalam kenangan
Temuramah bersama Edwin Laimin, Ketua Pemuda PBRS sempena mengenan Joseph Kurup dalam kenangan.
Bayern, Real akhiri cabaran Eropah Arsenal, City
Anak buah Thomas Tuchel mara ke pusingan empat terbaik, selepas menang 1-0 ke atas skuad kendalian Mikel Arteta.
Niaga AWANI: Revolutionizing finance with seamless expense management solutions
The challenges of managing expenses efficiently and meeting regulatory requirements are universal concerns for businesses. Let's explore on how Swipey, a fintech firm, addresses regulatory concerns and its role in promoting transparency and accountability in financial management.
#NiagaAWANI
#NiagaAWANI