One Year in Review: Price Control and Anti-Profiteering Enforcement in Malaysia
The Price Control Anti-Profiteering Act 2011 (PCAP) was passed to protect consumers in Malaysia against unreasonable increase in prices of goods and services following the introduction of the Goods and Services Tax (GST) regime in Malaysia. Under the PCAP, profiteering is an offence. The PCAP is administered by the Ministry of Domestic Trade, Cooperatives and Consumerism (MDTCC).
Following a year of enforcement of the PCAP laws in Malaysia, we review the application of the PCAP and the enforcement actions taken by the MDTCC.