Latest news with #OpKesan4.0
New Straits Times
13 hours ago
- Business
- New Straits Times
Fahmi: Action will be taken if public reports power price manipulation
GEORGE TOWN: The government will respond promptly to public complaints about profiteering or price manipulation linked to the new electricity tariff. Government spokesman Datuk Fahmi Fadzil said the Domestic Trade and Cost of Living Ministry had today launched Op Kesan 4.0 to prevent such activities. "I am in constant contact with minister Datuk Armizan Mohd Ali to get real-time updates. "If netizens raise any issues, we will respond promptly. "We believe most premises will remain under control in terms of pricing," he told reporters here today. He was met after the launch of YTL Communications' Tanjung Asam six-way Multi-Operator Core Network (MOCN) base station. The new electricity tariff in Peninsular Malaysia comes into effect today as part of a major energy sector reform. The new schedule, announced by the Energy Commission, introduces a streamlined structure with separate categories for domestic and non-domestic users, and revised charges for energy, capacity, network and retail components. Fahmi, who is also the communications minister, was asked to comment on the new tariff and public concerns over its impact. He said, as announced by the Energy Commission, 23.6 million Tenaga Nasional Bhd (TNB) accounts in Peninsular Malaysia would not be affected. In fact, he said, the new basic tariff is 19 per cent lower than initially expected. "Therefore, all TNB accounts using less than 1,000 kWh monthly are not only expected to maintain their current bills but may even see a reduction. "This is based on information published by TNB. "For most households, their bills will remain the same or decrease," he said. ne major reform introduced by the Energy Transition and Water Transformation is the Time-of-Use (ToU) system, he said. From today, 2pm to 10pm is considered peak time. "By using high-energy appliances outside this window, consumers can save on electricity costs. "This is because factories and industries mostly operate during peak hours. "The government is now giving people the choice to manage their electricity use more effectively," he added.
Malay Mail
a day ago
- Business
- Malay Mail
Armizan: Domestic Trade Ministry outlines three-pronged strategy as expanded SST enforcement begins tomorrow
KOTA KINABALU, June 30 — The Domestic Trade and Cost of Living Ministry (KPDN) will use three approaches to ensure the smooth running of Op Kesan 4.0, in conjunction with the implementation of the Sales Tax review and expanded scope of the Service Tax tomorrow. Its minister, Datuk Armizan Mohd Ali said it includes implementing the data collection of prices and service charge by ministry price monitoring officers. 'The data will from the basis of comparing prices and service charges before and after the Sales and Service Tax (SST) rate review,' he said at a media conference after an engagement session with a Sabah small and micro traders here today. He said the standard operating procedure for managing complaints on charges, prices and supplies was a good approach in ensuring the operation achieved its objectives, adding that the ministry would take stern action against traders who raised prices indiscriminately, including fines of up to RM100,000 or three years' jail or both for individuals and fines of RM500,000 for companies. On Op Kesan 4.0, he said that it was under the Price Control and Anti-Profiteering Act 2011 and its focus was to ensure traders do not take advantage by raising prices of items and services unreasonably, and in violation of the Price Control and Anti-Profiteering Act 2011. The enforcement scope includes goods and services involved in the SST rate review, including monitoring of goods not involved in the review, such as basic necessities, he added. — Bernama
Barnama
a day ago
- Business
- Barnama
SST Review: KPDN To Use Three Approaches To Ensure Op Kesan 4.0 Runs Smoothly Tomorrow
KOTA KINABALU, June 30 (Bernama) -- The Domestic Trade and Cost of Living Ministry (KPDN) will use three approaches to ensure the smooth running of Op Kesan 4.0, in conjunction with the implementation of the Sales Tax review and expanded scope of the Service Tax tomorrow. Its minister, Datuk Armizan Mohd Ali said it includes implementing the data collection of prices and service charge by ministry price monitoring officers. "The data will from the basis of comparing prices and service charges before and after the Sales and Service Tax (SST) rate review,' he said at a media conference after an engagement session with a Sabah small and micro traders here today.
Malay Mail
a day ago
- Business
- Malay Mail
Armizan: Domestic Trade Ministry outlines three-pronged strategy as expanded SST enforcement begins on July 1
KOTA KINABALU, June 30 — The Domestic Trade and Cost of Living Ministry (KPDN) will use three approaches to ensure the smooth running of Op Kesan 4.0, in conjunction with the implementation of the Sales Tax review and expanded scope of the Service Tax tomorrow. Its minister, Datuk Armizan Mohd Ali said it includes implementing the data collection of prices and service charge by ministry price monitoring officers. 'The data will from the basis of comparing prices and service charges before and after the Sales and Service Tax (SST) rate review,' he said at a media conference after an engagement session with a Sabah small and micro traders here today. He said the standard operating procedure for managing complaints on charges, prices and supplies was a good approach in ensuring the operation achieved its objectives, adding that the ministry would take stern action against traders who raised prices indiscriminately, including fines of up to RM100,000 or three years' jail or both for individuals and fines of RM500,000 for companies. On Op Kesan 4.0, he said that it was under the Price Control and Anti-Profiteering Act 2011 and its focus was to ensure traders do not take advantage by raising prices of items and services unreasonably, and in violation of the Price Control and Anti-Profiteering Act 2011. The enforcement scope includes goods and services involved in the SST rate review, including monitoring of goods not involved in the review, such as basic necessities, he added. — Bernama
The Sun
a day ago
- Business
- The Sun
KPDN uses three approaches for smooth Op Kesan 4.0 SST review
KOTA KINABALU: The Domestic Trade and Cost of Living Ministry (KPDN) will adopt three key strategies to ensure the smooth execution of Op Kesan 4.0, following the Sales and Service Tax (SST) rate adjustments taking effect tomorrow. Minister Datuk Armizan Mohd Ali outlined the approaches, which include collecting price and service charge data to compare pre- and post-SST changes. 'This data will help monitor any unjustified price increases,' he said during a press conference after engaging with Sabah's small and micro traders. He emphasised that the ministry will enforce strict penalties under the Price Control and Anti-Profiteering Act 2011. Offenders face fines up to RM100,000, three years' imprisonment, or both for individuals, while companies may be fined RM500,000. Op Kesan 4.0 aims to prevent traders from exploiting the SST adjustments by arbitrarily raising prices. The enforcement will cover goods and services affected by the tax review, as well as essential items not included in the changes.
