Latest news with #OpsKesan4
Malay Mail
4 days ago
- Business
- Malay Mail
Govt ready to act on unjustified price hikes after SST revision, says deputy domestic trade minister
KUALA LUMPUR, July 13 — Authorities will step up efforts to monitor the prices of basic necessities, including food at eateries, following the Sales and Service Tax (SST) revision, Deputy Domestic Trade and Cost of Living Minister Datuk Fuziah Salleh said. According to The Star, Fuziah said the ministry is ready to take action against food operators who increase prices unnecessarily due to the SST adjustments. 'We have already launched Ops Kesan 4.0,' she said. 'This is to protect consumers by detecting price movements and any attempts to exploit the SST adjustments. We will continue to monitor them,' she said. She added that the ministry is prepared to receive complaints from the public. 'We hope all parties can play their roles and we will look into all the complaints,' she said. The Domestic Trade and Cost of Living Ministry has begun nationwide enforcement operations under Ops Kesan 4.0 to curb unjustified price increases and profiteering linked to the SST revision, which came into effect on July 1. Minister Datuk Armizan Ali said on July 8 that the enforcement will be guided by four key elements, starting with the scrutiny of goods and services listed under the revised SST scope. He said the second element involves ensuring registered businesses exceeding the SST threshold register with the Customs Department. Other factors include examining pricing margins to determine whether they reflect profiteering in violation of the Price Control and Anti-Profiteering Act 2011. 'Businesses are advised to consider all four aspects before making any price or service fee adjustments,' Armizan said. He also urged businesses to consult the Customs Department and the Finance Ministry for policy and compliance clarification while seeking guidance from the ministry's Enforcement Division for matters involving profiteering indicators.
Malay Mail
02-07-2025
- Business
- Malay Mail
Fahmi: Domestic Trade Ministry rolls out ‘Ops Kesan 4' to tackle profiteering after SST expansion
PUTRAJAYA, July 2 — The Domestic Trade and Cost of Living Ministry (KPDN) has launched 'Ops Kesan 4' to monitor and prevent profiteering activities following the expanded scope of the Sales and Service Tax (SST), said Communications Minister Datuk Fahmi Fadzil. He said the operation is part of the ministry's efforts to ensure that traders do not exploit the situation by raising prices unreasonably. 'The KPDN minister (Datuk Armizan Mohd Ali) announced yesterday the implementation of 'Ops Kesan 4', which among other things, aims to prevent profiteering following the SST expansion,' Fahmi said during the ministry's weekly press conference today. He urged the public to take note of the KPDN hotline and to lodge complaints if they come across any businesses charging unreasonable prices. Fahmi added that KPDN would promptly identify and take appropriate action against any businesses found guilty of such practices. Yesterday, Fahmi said he believed the new electricity tariffs would not lead to price increases. He also reiterated that some 23.6 million consumers are expected to benefit from lower electricity bills, with the revised tariffs taking effect yesterday. He said the new base tariff is 19 per cent lower than previously anticipated. 'For those using less than 1,000 kWh a month, their bills are likely to remain unchanged or may even be lower,' he said. He added that the most notable change under the new structure is the revised peak hours, now set from 2pm to 10pm starting yesterday.
Malay Mail
02-07-2025
- Business
- Malay Mail
Domestic Trade Ministry rolls out ‘Ops Kesan 4' to tackle profiteering after SST expansion
PUTRAJAYA, July 2 — The Domestic Trade and Cost of Living Ministry (KPDN) has launched 'Ops Kesan 4' to monitor and prevent profiteering activities following the expanded scope of the Sales and Service Tax (SST), said Communications Minister Datuk Fahmi Fadzil. He said the operation is part of the ministry's efforts to ensure that traders do not exploit the situation by raising prices unreasonably. 'The KPDN minister (Datuk Armizan Mohd Ali) announced yesterday the implementation of 'Ops Kesan 4', which among other things, aims to prevent profiteering following the SST expansion,' Fahmi said during the ministry's weekly press conference today. He urged the public to take note of the KPDN hotline and to lodge complaints if they come across any businesses charging unreasonable prices. Fahmi added that KPDN would promptly identify and take appropriate action against any businesses found guilty of such practices. Yesterday, Fahmi said he believed the new electricity tariffs would not lead to price increases. He also reiterated that some 23.6 million consumers are expected to benefit from lower electricity bills, with the revised tariffs taking effect yesterday. He said the new base tariff is 19 per cent lower than previously anticipated. 'For those using less than 1,000 kWh a month, their bills are likely to remain unchanged or may even be lower,' he said. He added that the most notable change under the new structure is the revised peak hours, now set from 2pm to 10pm starting yesterday.
