Memo to PM: Doctors protest regulatory overreach, fee freeze
The groups say that while they fully support transparency in medicine pricing, they strongly object to the use of the Price Control and Anti-Profiteering (Price Marking for Drugs) Order 2025, under the Price Control and Anti-Profiteering Act 2011 (Act 723).
'Many queries were raised as to...
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The Star
4 days ago
- The Star
Profiteering complaint to clampdown in 24 hours
PUTRAJAYA: The Domestic Trade and Cost of Living Ministry will take action against traders for increasing prices exorbitantly 24 hours upon receiving complaints from the public. Advising the public to report such traders, Minister Datuk Armizan Mohd Ali (pic) said the complaints must have full information on the items and the prices. 'I welcome complaints from the public because this requires public participation. 'A detailed complaint will make it easier for us to investigate,' he said in a press conference after an appreciation event for the ministry's strategic enforcement partners in Putrajaya yesterday. Armizan also advised businesses to consult the ministry's Enforcement Department before they raise prices. 'We have a calculator to guide businesses on whether or not their hike amounted to profiteering. 'We also advise businesses to discuss with the Customs Department and the Finance Ministry,' he added. Armizan also said two companies have agreed to postpone their planned price reviews on the ministry's advise. 'The two companies informed on July 1 that they had postponed their price adjustments to a later date,' he said. During the July 1 meeting, he said the two companies did not mention that the implementation of the expanded Sales and Service tax (SST) was among the reasons they had to review their prices. 'They said the increases were due to operational costs and logistics, as well as the implementation of the minimum wage order because they have a huge workforce. 'However, when they announce the price hike, my ministry has the prerogative under the Price Control and Anti-Profiteering Act 2011 (Act 723) to ensure that price reviews are fair. 'If there are profiteering elements, we will issue a written notice for them to answer to,' he added. Armizan said from 2021 to May 31 this year, his ministry recorded over 2,800 cases handed over by enforcement agencies. Giving a breakdown of the cases, he said in 2021, a total of 250 cases were recorded followed by 2022 (615), 2023 (790), 2024 (822) and 335 cases from Jan 1 to May 31 this year. 'All these cases involve various issues, including the smuggling or embezzlement of subsidised products, with a combined value of RM199. 96mil,' said Armizan. Most cases, he added, were handed over to his ministry by the General Operations Force (PGA) with 1,146 cases, followed by the marine police (866), police (661) and the armed forces (69). 'The consistent increase shows that inter-agency cooperation has not just contributed to the success of the enforcement operation, but also increased the effectiveness of protecting consumer rights,' added Armizan. Last month, the Finance Ministry said the expanded SST would begin July 1 when a sales tax of 5% to 10% would be imposed on certain non-essential goods. Putrajaya had announced that imported apples, oranges, mandarin oranges and dates will be exempted from the SST. Also exempted are beauty services such as manicure, pedicure, facial and hairdressing. The Finance Ministry also said the registration threshold for businesses in leasing, rental and financial services have been raised from RM500,000 to RM1mil, which will limit the number of small businesses affected.
The Sun
5 days ago
- The Sun
Two firms delay price hikes after KPDN meeting with Armizan
PUTRAJAYA: Two companies, an ice supplier and a frozen food manufacturer, have agreed to delay planned price hikes after discussions with the Ministry of Domestic Trade and Cost of Living (KPDN). The firms were summoned to justify their proposed adjustments, with Minister Datuk Armizan Mohd Ali confirming the postponement following the meeting. During the session, both companies were instructed to consult KPDN's Enforcement Division before finalising any price changes. Armizan clarified that the firms had cited rising operational costs, not the revised Sales and Services Tax (SST), as the reason for the adjustments. Recent social media claims suggested Sim Yang Hok Industries Sdn Bhd would raise ice block prices from RM3.70 to RM6, while Ramly Burger allegedly imposed a 10 per cent hike starting 1 July 2025. The ice supplier denied the viral post, calling it false, and filed a police report. Armizan confirmed that Ramly Burger received a Goods Information Verification Notice (NPMB) under Section 21 of the Price Control and Anti-Profiteering Act 2011 to justify its pricing review. He reiterated KPDN's commitment to monitoring markets and preventing unjustified price surges.
Daily Express
5 days ago
- Daily Express
Ramly Food to delay price hike, says Armizan
Published on: Thursday, July 03, 2025 Published on: Thu, Jul 03, 2025 By: FMT Reporters Text Size: Domestic trade and cost of living minister Armizan Mohd Ali said they had summoned frozen food company Ramly Food for an explanation following public concern over the price hike. PETALING JAYA: Frozen food company Ramly Food has agreed to temporarily postpone a planned price hike for its products, says domestic trade and cost of living minister Armizan Mohd Ali. Armizan said his ministry summoned the company following public concern, and a meeting was held last Tuesday to clarify the situation, Astro Awani reported. 'The ministry has issued a 'Goods Information Confirmation Notice' under Section 21 of the Price Control and Anti-Profiteering Act to obtain justification for the planned price increase,' he was quoted as saying at a press conference today. The issue gained traction after a vendor notice dated April 14 from Ramly Food Marketing Sdn Bhd began circulating online, stating that product prices would go up starting next Monday. The notice attributed the increase to rising raw material costs. In a separate case, Armizan said Sim Yang Hok Industries Sdn Bhd, which recently went viral over claims it had increased the price of ice products from RM3.70 to RM6, has denied the allegation. He said the company clarified that no official notice was issued and that it had lodged a police report over the viral claims. 'So far, both companies have stated that any proposed price increase is due to operating costs and not the implementation of the sales and service tax (SST),' he said. He also advised companies to consult the ministry before implementing any price adjustments to ensure they do not violate anti-profiteering laws. The SST expansion, which took effect on Tuesday, maintains a zero rate for essential goods while imposing a 5% to 10% tax on non-essential items. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
