KUALA LUMPUR: The retail price of diesel in Peninsular Malaysia will be increased by 3sen per litre from July 10 to 16. The Finance Ministry, in a statement Wednesday (July 9) said the retail price of diesel would go up to RM2.88 per litre in the peninsula. The price of diesel would, however, remain at RM2.15 per...
PUTRAJAYA: No compounds would be issued during the three-month “grace period” for the enforcement of the medicine price display law that came into effect on May 1. The government would instead focus on advocacy and education during the period. Enforcement would be jointly conducted by the Domestic Trade and Cost of Living (KPDN) and the Health ministries. KPDN...
PETALING JAYA: The Price Control and Anti-Profiteering (Price Marking for Drugs) order, which mandates that private healthcare providers display medicine prices, has been gazetted and will come into effect on May 1. The order under the Price Control and Anti-Profiteering Act was signed by Domestic Trade and Cost of Living Minister Datuk Armizan Ali. Individual healthcare providers...
TUMPAT: Vegetable prices are expected to stabilise by March next year, following the end of the northeast monsoon season, says Datuk Seri Mohamad Sabu. The Agriculture and Food Security Minister said that unpredictable weather patterns have led to a reduced vegetable supply, thus causing a surge in prices. "Every monsoon season, this issue arises, and we have...
PETALING JAYA: The government received assurances from industry players that the supply of eggs in the market was sufficient before announcing the reduction of egg prices by 3sen for Grades A, B and C, says Fuziah Salleh. The Deputy Domestic Trade and Cost of Living Minister told Malay language daily Sinar Harian that the production of...
PETALING JAYA: Young adults are learning to get thrifty in their spending as they begin to feel the pinch on their wallets a week into the sales and service tax (SST) hike earlier this month. Business development consultant Timmothy Chan, 27, lamented that his monthly expenses had increased by almost 10% due to the increased prices...
The Labuan Chinese Chamber of Commerce (LCCC) has urged the federal government to reinstate the island’s full duty-free status to boost its appeal to visitors. Its president Wong Kii Yii said that despite previous efforts, including letters to relevant authorities, the government has yet to heed their plea. Wong emphasised that Labuan’s current duty-free status fails to...
KUALA LUMPUR: The nation's sugar industry will "crash" if its current price structure is not reviewed, says Fuziah Salleh. The Deputy Domestic Trade and Cost of Living Minister said a review is necessary to avoid a looming crisis, adding that the review was in its final stages. She explained that the country's two largest sugar producers –...
