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1-10 results from 446 for query «profiteering»

August 20, 2018 4:31 AM Govt studying prices of basic necessities: Guan Eng

KUALA LUMPUR: The government is studying the underlying cause of rising prices of basic necessities in the country. Citing sugar prices as an example, Finance Minister Lim Guan Eng (pix) said the product was retailing at RM1.40 per kilogramme (kg) in the international market, but sold at RM2.90 per kg in Malaysia. "This is a structural and monopoly problem 69

August 14, 2018 7:27 AM SSM to offer 50-80% discount on compounds imposed

PETALING JAYA: The Companies Commission of Malaysia (SSM) will offer discounts of between 50% and 80%, from Sept 1 to Dec 30, 2018, to companies with outstanding compounds. Domestic Trade and Consumer Affairs Minister Datuk Saifuddin Nasution Ismail said the incentive, given in conjunction with SSM's campaign themed, "Comply With Companies Act, Show Interest 61

June 6, 2018 1:48 PM List of 22 controlled items for Aidilfitri 2018

PUTRAJAYA: Prime Minister Tun Dr Mahathir Mohamad today announced the list of 22 controlled items listed under the Price Control Scheme for Aidilfitri 2018. In a statement today, Mahathir said the implementation of the scheme will take effect from June 8 to 22 under the the Price Control and Anti-Profiteering Act 2011. Mahathir said the listed items 42

March 6, 2018 11:49 AM MP proposes crusade to address price manipulation

A Barisan Nasional backbencher today called for a crusade to address price manipulation to overcome the issue of rising prices. — Picture by Yusof Mat IsaKUALA LUMPUR, March 6 — A Barisan Nasional backbencher today called for a ‘jihad’ (crusade) to address price manipulation to overcome the issue of rising prices. Datuk Seri Irmohizam Ibrahim (Kuala 37

October 26, 2017 6:44 AM Give up stakes in toll companies, provide free education, MIC tells Selangor

The current Selangor administration is run by PKR, DAP and PAS. ― Picture by Yusof Mat IsaKUALA LUMPUR, Oct 26 — MIC told the Selangor state government today to relinquish its stakes in two toll concessionaires and to provide free education in a state university to realise Pakatan Harapan’s (PH) pledges in their Alternative Budget 2018. MIC treasurer-general 23


The Kedai Rakyat 1Malaysia (KR1M), which was set up to provide basic necessities at affordable prices, will no longer be open to the public, albeit “temporarily.” A check by Malaysiakini at multiple KR1Ms in Kuala Lumpur, Petaling Jaya and Kelantan, found that all were shuttered down, with notices informing of the closure, attached. “This store will be temporarily 62

August 17, 2017 3:34 AM 4PAM wants explanation on move to hike passenger service charge

The Public Transport Users Association says airports are not providing equal services, and notes that prices of goods and services at airports are too high. KUALA LUMPUR; The Public Transport Users Association (4PAM) has expressed shock over the Malaysian Aviation Commission’s (Mavcom) proposed 46% hike in Passenger Service Charge (PSC). Its president 29

August 16, 2017 3:18 AM Trump, the businessman president, loses CEO support

When US President Donald Trump was elected last November, big business rejoiced. In June, optimism among American CEOs was at a three-year high on hopes that Trump would succeed in implementing his pro-growth agenda, including tax cuts. But Trump has now lost support from several executives who left an advisory panel on manufacturing over his response 176

June 19, 2017 2:07 PM GST rolls out on July 1: What are the key features and concerns?

With the country set to witness the implementation of its largest indirect tax reform, it is but natural to harbour some apprehensions about how it will pan out in the coming days and months. But first, the broad benefits. That's the transformation aspect about GST, by the very nature of the fact that it integrates the entire value chain for the purpose 30

May 21, 2017 9:31 AM With Ramadan, Kaamatan coming, price caps imposed on controlled items in Labuan

Domestic Trade, Cooperatives and Consumerism Ministry has launched the first ever Ramadan Price Control Scheme and Kaamatan Price Control Scheme in Labuan to avoid indiscriminate hike in prices of goods. — Picture by Saw Siow FengLABUAN, May 21 — With Ramadan and Kaamatan approaching, the Domestic Trade, Cooperatives and Consumerism Ministry (KPDNKK) 42