Malaysia to strengthen Price Control Act with anti-scalping measures

KUALA LUMPUR — Malaysia's domestic trade ministry is working on legislative amendments to incorporate anti-scalping measures into the Price Control Act, according to ministry officials. The initiative forms part of broader government efforts to protect consumers from unfair pricing practices and market manipulation. The anti-scalping provisions are designed to regulate the resale of goods at inflated prices, particularly for high-demand items. Officials have indicated the amendments are under active development, though specific timelines for implementation have not been disclosed. The move reflects growing concerns about scalping activities in Malaysia's consumer markets, where intermediaries purchase goods at regular prices before reselling them at significant markups. By amending the Price Control Act, authorities aim to introduce legal mechanisms to penalise such practices and stabilise prices for consumers. The ministry has indicated it is coordinating with relevant stakeholders to ensure the proposed measures are comprehensive and enforceable.