PUTRAJAYA (March 31): Any form of agreement, understanding or collective decision by associations regarding price-setting, including minimum or ceiling fares, is prohibited as it contains elements of a cartel that could harm the country’s tourism market, according to Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali. He said the Malaysia Competition Commission (MyCC) is examining the actions of the associations involved under Section 4(2)(a) of the Competition Act 2010. “The Ministry of Domestic Trade and Cost of Living views seriously the substance of the press conference by the Malaysian Inbound Tourism Association (Mita), which was also attended by three other associations and bodies yesterday (Monday), announcing new ceiling fare rates for tour buses or vans with immediate effect. Mita said the new ceiling fare rates for tour buses and vans were set to help operators and tourists adjust to rising diesel prices. According to Mita, the move was taken as tour buses, vans and ferries were not included in the national diesel subsidy mechanism following the removal of blanket subsidies in 2024.

Source: The Edge Markets March 31, 2026 09:12 UTC