Domestic Trade officers on the ground to monitor prices

Goh Pei Pei

KUCHING: Sarawak Domestic Trade and Consumers Affairs Ministry will monitor closely prices of goods following the implementation of Sales and Services Tax (SST) on Sept 1. In a statement here, the ministry said Op Catut would be conducted at all levels of the supply chain of consumer goods, namely, producers, distributors, importers, wholesalers, and retailers, to combat profiteering among businesses. The ministry’s personnel had been deployed to monitor the prices of various items last month, to ensure traders did not take advantage to increase their prices. “We have collected the information (prices) from more than 600 premises in Sarawak, beginning Aug 8 as to compare the prices before and after SST. “If there’s any significant and unreasonable increase, traders are required to provide explanations before compounds are issued,” read the statement. It said more operations and regular inspections would be carried out statewide with cooperation from the Customs Department. Over 2,000 premises were inspected between June 1 and Aug 2 following the abolishment of Goods and Services Tax (GST). © New Straits Times Press (M) Bhd