Businesses fined for selling goods above MRP, not displaying prices | Borneo Bulletin Online

TWO businesses were each issued a compound fine of BND500 for selling price-controlled goods above their maximum retail price (MRP), including cooking oil, formulated powdered milk, and rice, while another two businesses were issued warning notices for not displaying price tags during an inspection.

The inspection was conducted in Kampong Tanjung Bunut and Sengkurong by officers from the Department of Competition and Consumer Affairs, Department of Economic Planning and Development (JPKE), Prime Minister’s Office.

The surprise inspection, led by Deputy Permanent Secretary (Economy and Finance) at the Prime Minister’s Office Pengiran Hajah Siti Nirmala binti Pengiran Mohammad, was aimed at ensuring that controlled goods under the Price Control Act, Chapter 142 – which includes cooking oil, formulated powdered milk and rice – are not sold above the maximum set prices.

During the operation, the JPKE officers also checked that the businesses have clearly and honestly price-tagged their products. This is to ensure price transparency for consumers and that sales activities are conducted in an ethical manner and in compliance with the Price Control (Display of Prices) Act and Cheap Sale Price Regulations 2012.

The setting of maximum prices on a number of essential goods listed under the Price Control Act, Chapter 142, is to safeguard the interests of consumers and to ensure the accessibility and affordability of such goods to all levels of society.

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Businesses fined for selling goods above MRP, not displaying prices | Borneo Bulletin Online.