Malaysia implements maximum price scheme to curb price hikes throughout the enforcement of MCO

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Ismail Sabri Yaakob

Amidst the enforcement of the movement control order (MCO) and the spike in economic crisis caused by coronavirus, Malaysian people start to worry about price inflations. 

Some raised concerns about traders might hike the price of essential food in the third phase of MCO that starts on April 15.

However,  Defence Minister Ismail Sabri Yaakob stressed in a press conference today that the Ministry of Domestic Trade and Consumer Affairs has decided to implement the Maximum Price Scheme in the effort to curb the price hikes throughout the enforcement of MCO.

“The scheme will be effective on April 15 and the prices of the selected food will be announced later,” he said.

Ismail added, the ministry has received 8,145 reports and enquiries on the supply of food and the prices from March 18 until April 11 via four channels namely Whatsapp (4,140); “Sistem E-Aduan”(1,766) , Hotline (1,631) and also through the Enforcement Command Centre (608).

The Ministry of Agriculture and Agro Based Industry (MOA) have informed that the supply of wet and dry food especially rice is more than enough. – Malaysia World News


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