Covid-19: Traders warned against hiking price of goods, says ministry
Saturday, 14 Mar 2020 05:27 PM MYTKOTA KINABALU, March 14 — The Sabah branch of the Ministry of Domestic Trade and Consumer Affairs has warned all traders in the state not to exploit the situation by increasing the price of goods excessively following the spread of COVID-19 infection.
He said if found guilty, the individuals could be fined up to RM100,000 or jailed for not more than three years or both, while the companies could be fined up to RM500,000. He said the ministry was taking proactive actions by conducting regular monitoring and inspections starting yesterday following news of panic buying of household goods due the spread of the COVID-19 infection.
During an inspection at a supermarket here today, Georgie said they found that the supply of basic necessities was adequate and there was no sign of panic buying by consumers.
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