Johor steps up monitoring, urges public to report sharp hikes in egg prices
Its director Lilis Saslinda Pornomo said monitoring efforts at business premises across the district would be further intensified to prevent profiteering.
She said the operation involves 200 enforcement officers and 87 price monitoring officers, all working to ensure compliance.
"I would like to remind traders not to arbitrarily raise prices, as enforcement officers and price monitors will carry out thorough investigations.
"Therefore, I urge Johor consumers to continue lodging complaints so that firm action can be taken under the Price Control and Anti-Profiteering Act 2011,' she said when contacted by Bernama on Friday (Aug 1).
Yesterday, the government announced the restructuring of chicken egg subsidies, to take effect today (Aug 1), as part of a phased and targeted subsidy approach aimed at greater sustainability and higher impact.
The Agriculture and Food Security Ministry, in a statement, said that the industry had agreed to introduce Special Grade Eggs, which will be offered at more affordable prices to consumers.
On July 22, Agriculture and Food Security Minister Datuk Seri Mohamad Sabu reportedly said that the reduction in egg subsidies - from 10 sen to 5 sen per egg, effective May 1 - was expected to save the government RM135mil over a three-month period, ahead of the complete removal of price controls on eggs, which takes effect today. - Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
18 minutes ago
- The Sun
Ringgit strengthens vs US dollar amid US rate cut speculation
KUALA LUMPUR: The ringgit extended its gains to open higher against the US dollar today, as investor sentiment on risk assets rebounded amid talk of a possible United States (US) interest rate cut, an economist said. At 8 am, the local note climbed to 4.2260/2395 against the greenback from yesterday's close of 4.2350/2385. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid told Bernama that the US dollar slipped further as market participants continued to digest last Friday's weak labour market data, which bolstered the odds of a rate cut. 'It appears that emerging market currencies against the US dollar are in a sweet spot, as the Federal Reserve seems poised to cut its policy rate, perhaps at an accelerated pace, to demonstrate to markets that it is on top of the situation. 'The September Federal Open Market Committee (FOMC) meeting is likely to see a 25-basis-point rate cut,' he said. Mohd Afzanizam said the ringgit is expected to linger within a range of RM4.22 to RM4.23 against the US dollar, supported by the prevailing positive sentiment. Meanwhile, the ringgit was mostly higher against other major currencies in early trade. It weakened against the Japanese yen to 2.8795/8889 from 2.8652/8677 on Monday, but strengthened against the British pound to 5.6197/6377 from 5.6296/6342, and edged higher against the euro at 4.8954/9110 from 4.8978/9018. The local unit was also mostly higher versus regional currencies. The ringgit rose against the Singapore dollar to 3.2841/2949 from Monday's close of 3.2878/2908, but slipped against the Thai baht to 13.0747/1229 from 13.0452/0616. It appreciated against the Philippine peso at 7.36/7.39 from 7.38/7.39 yesterday, and firmed against the Indonesian rupiah to 257.6/258.5 from 258.2/258.5. - Bernama
The Star
an hour ago
- The Star
Ringgit extends gains vs US$ amid rate cut talks
KUALA LUMPUR: The ringgit extended its gains to open higher against the US dollar today, as investor sentiment on risk assets rebounded amid talk of a possible United States (US) interest rate cut, an economist said. At 8 am, the local note climbed to 4.2260/2395 against the greenback from yesterday's close of 4.2350/2385. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid told Bernama that the US dollar slipped further as market participants continued to digest last Friday's weak labour market data, which bolstered the odds of a rate cut. "It appears that emerging market currencies against the US dollar are in a sweet spot, as the Federal Reserve seems poised to cut its policy rate, perhaps at an accelerated pace, to demonstrate to markets that it is on top of the situation. "The September Federal Open Market Committee (FOMC) meeting is likely to see a 25-basis-point rate cut,' he said. Mohd Afzanizam said the ringgit is expected to linger within a range of RM4.22 to RM4.23 against the US dollar, supported by the prevailing positive sentiment. Meanwhile, the ringgit was mostly higher against other major currencies in early trade. It weakened against the Japanese yen to 2.8795/8889 from 2.8652/8677 on Monday, but strengthened against the British pound to 5.6197/6377 from 5.6296/6342, and edged higher against the euro at 4.8954/9110 from 4.8978/9018. The local unit was also mostly higher versus regional currencies. The ringgit rose against the Singapore dollar to 3.2841/2949 from Monday's close of 3.2878/2908, but slipped against the Thai baht to 13.0747/1229 from 13.0452/0616. It appreciated against the Philippine peso at 7.36/7.39 from 7.38/7.39 yesterday, and firmed against the Indonesian rupiah to 257.6/258.5 from 258.2/258.5. - Bernama
New Straits Times
an hour ago
- New Straits Times
Ringgit extends gains vs US dollar amid US rate cut talks
KUALA LUMPUR: The ringgit extended its gains to open higher against the US dollar today, as investor sentiment on risk assets rebounded amid talk of a possible United States (US) interest rate cut, an economist said. At 8am, the local note climbed to 4.2260/2395 against the greenback from yesterday's close of 4.2350/2385. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid told Bernama that the US dollar slipped further as market participants continued to digest last Friday's weak labour market data, which bolstered the odds of a rate cut. "It appears that emerging market currencies against the US dollar are in a sweet spot, as the Federal Reserve seems poised to cut its policy rate, perhaps at an accelerated pace, to demonstrate to markets that it is on top of the situation. "The September Federal Open Market Committee (FOMC) meeting is likely to see a 25-basis-point rate cut," he said. Mohd Afzanizam said the ringgit is expected to linger within a range of RM4.22 to RM4.23 against the US dollar, supported by the prevailing positive sentiment. Meanwhile, the ringgit was mostly higher against other major currencies in early trade. It weakened against the Japanese yen to 2.8795/8889 from 2.8652/8677 on Monday, but strengthened against the British pound to 5.6197/6377 from 5.6296/6342, and edged higher against the euro at 4.8954/9110 from 4.8978/9018. The local unit was also mostly higher versus regional currencies. The ringgit rose against the Singapore dollar to 3.2841/2949 from Monday's close of 3.2878/2908, but slipped against the Thai baht to 13.0747/1229 from 13.0452/0616. It appreciated against the Philippine peso at 7.36/7.39 from 7.38/7.39 yesterday, and firmed against the Indonesian rupiah to 257.6/258.5 from 258.2/258.5. -- BERNAMA
