Malaysia to unveil Xmas price control item list next week

Malaysia to unveil Xmas price control item list next week

KUALA LUMPUR - A list of items that will be subject to price control for the Christmas season is being prepared.

Deputy Domestic Trade, Cooperatives and Consumerism Minister Datuk Ahmad Bashah Md Hanipah said the ministry would announce the enforcement period and the full list of items next week.

"Every year, we will have a price control scheme for major festivals. We will wait for the minister (Datuk Hasan Malek) to make the announcement next week," he told reporters after launching the Hawkers and Petty Traders Day celebration for Federal Territories in Setapak yesterday.

Ahmad Bashah said the price control enforcement period and list of items depended on the festival.

"Most items will be the same but there might be a few changes according to the festival.

"Some might be replaced with another item as certain items have higher demand during particular festivals.

"For Deepavali, for instance, one of the items included in the list was dhal. Maybe the item will be replaced by an item which would have higher demand during Christmas," he added.

The price control scheme falls under the Price Control and Anti-Profiteering Act.

Under the Act, an individual who sells controlled items above the maximum price can be fined up to RM100,000 (S$38,000) and/or jailed up to three years.

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