13 Items Will Be Price Controlled For Chinese New Year

13 Items Will Be Price Controlled For Chinese New Year

The Ministry of Trade and Domestic Affairs will place 13 goods under price controls for the upcoming Chinese New Year season. Among these will be chicken, eggs, imported cabbage, and pork.

Datuk Seri Saifuddin Nasution Ismail, the Domestic Trade and Consumer Affairs Minister, said that the price control scheme would go into effect from 30 January until 8 February.

Enforcement officers will be deployed across the nation to conduct checks on traders. Those found profiteering during this time face fines from the courts or be jailed for the offence.

“Notices under Section 21 of the Price Control and Anti-Profiteering Act 2011 will be sent out to those who are found to have made a steep and apparent increase in prices,” said Saifuddin.

Price controls during festive periods are not unknown in Malaysia, with the government constantly on the lookout to protect consumers from price hikes. Members of the public who want to lodge complaints about profiteering can do so at the ministry’s call centre at 1800-886-800 or WhatsApp at 019-279 4317.


Get free weekly money tips!

*Free of charge. Unsubscribe anytime.
newsletter image