THE Department of Economic Planning and Development (JPKE), Prime Minister’s Office, through the Department of Competition and Consumer Affairs, issued a $500 compound fine to a company recently during a routine inspection of the business premises in Kampong Tasek Meradun.
The company was fined for an offence under Section 3B – selling above the maximum price set by the price controller, and Section 5 – display of prices on any goods or class of goods under the Price Control Act, Chapter 142.
The company, found to have sold clay bricks above its ceiling price and without clearly displaying its price, had been issued a warning notice in January 2018 for the same offence.
The department conducts daily inspections on price-controlled items listed under the Price Control Act, Chapter 142, which include cooking oil, powdered formulated milk, passenger motor vehicles, and clay bricks, to ensure the items are not sold above the approved maximum prices. The inspection is also to ensure businesses comply with the Price Control (Display of Prices) Order, which requires goods on display to be clearly price tagged.
Businesses that do not comply with the Price Control Act, Chapter 142 and its regulations can face penalties including:
– a compound not exceeding $1,000; or
– a fine of $5,000 and imprisonment for two years for the first offence; or
– a fine of $20,000 and imprisonment of five years for a repeated offence.
JPKE advises the public to practise the concept of ‘Smart Consumer,’ that is to compare prices of different stores before making purchase to get the best value for money.
The public is encouraged to access the PenggunaBijak/SmartConsumer mobile application that provides a platform to compare prices of selected daily necessities and price-controlled goods; as well as information to consumer related laws.