The notice was issued under Section 21 of the Price Control and Anti-Profiteering Act 2011 (AKHAP 2011). "The identified companies will be asked to explain their price hikes on goods and services," said Minister Datuk Armizan Mohd Ali in a statement on Friday (June 14). He said the 10 companies comprised three transport companies, three construction companies, two beverage companies and two machinery rental companies. ALSO READ: Govt to focus on targeted diesel subsidy initiative for now"Two of the companies were summoned on Thursday (June 13), while the others will follow according to schedule," he added. ALSO READ: Public wants govt to ensure smooth implementation of diesel subsidy rationalisation"Each company will be called to provide detailed information and documentation on their services and sales of goods for a profiteering analysis.

Source: The Star June 14, 2024 23:02 UTC