Politics · Malaysia Bureau
PM directs tougher enforcement against profiteering amid cost pressures
Prime Minister Anwar Ibrahim has ordered government agencies to intensify their crackdown on profiteering as Malaysia grapples with rising living costs. The directive was issued during the National Cost of Living Action Council's second meeting this year.
LSN Malaysia ·
The prime minister emphasised the need for stricter action against businesses exploiting consumers through unfair pricing practices, signalling the government's determination to address affordability concerns affecting households nationwide.
The directive underscores mounting pressure on authorities to demonstrate tangible progress in controlling inflation and ensuring competitive market conditions. Officials from relevant agencies were instructed to coordinate enforcement efforts and increase monitoring of price movements across essential goods and services.
The National Cost of Living Action Council has been tasked with formulating and implementing comprehensive strategies to alleviate financial burdens on ordinary Malaysians. Today's meeting focused on accelerating implementation timelines and widening the scope of compliance checks among traders and suppliers.
The government has previously outlined multiple initiatives to tackle the cost of living challenge, including subsidy programmes and price regulation mechanisms. This latest directive indicates renewed commitment to pursuing regulatory measures alongside existing support measures.