KUALA LUMPUR (June 14): The Ministry of Domestic Trade and Cost of Living has summoned 10 companies for raising prices of their goods and services following the diesel subsidy rationalisation.

Notices under Section 21 of the Price Control and Anti-Profiteering Act 2011 have been sent to three from the transportation sector, three from construction, two from food and beverage, and two involved in machinery rental, the ministry said in a statement. The companies were not identified.

Each company is required to furnish detailed information, including documents related to the provision of their goods and services, for a profiteering analysis, said Minister Datuk Armizan Mohd Ali. Failure to explain the increases may result in penalties under Section 57 of the Act, he noted.

If found guilty, the companies may be fined up to RM500,000, while individuals might face a fine of up to RM100,000, imprisonment of not more than three years, or both.

Preliminary investigations showed that four of the companies announced price hikes despite receiving approval for the fleet card under the second phase of the Subsidised Diesel Control System (SKDS 2.0), the minister said. The other six involved vehicles that were not covered under the SKDS 2.0, he noted.

Under the subsidy rationalisation, diesel prices in Peninsular Malaysia have been floated since June 10, and will be adjusted weekly. The price of diesel at all retail stations was raised to RM3.35 per litre, from RM2.15 set previously.

A slew of businesses have announced price hikes for their goods and services, blaming the increases on the removal of diesel subsidies.

The Malaysia Competition Commission (MyCC) said on Monday that it is working closely with Armizan's ministry and the Ministry of Finance to ensure competitive market practices and detect market distortions, including cartel activities, following the diesel price increase due to the government’s subsidy rationalisation.

Operator no mani, how?

Come on laggard. I hope you’re doing well. Rocket.

Yesterday, Finance Minister II Datuk Seri Amir Hamzah Azizan announced that the diesel price at all retail stations in the Peninsula is set at RM3.35 per liter, which is the market price without subsidies, starting at 12:01 am last night.

Under BUDI MADANI, a cash aid of RM200 per month is provided to private diesel vehicle owners, small farmers, and small commodity planters.

Yesterday, Finance Minister II Datuk Seri Amir Hamzah Azizan announced that the diesel price at all retail stations in the Peninsula is set at RM3.35 per liter, which is the market price without subsidies, starting at 12:01 am last night.

Under BUDI MADANI, a cash aid of RM200 per month is provided to private diesel vehicle owners, small farmers, and small commodity planters.

Malaysia has set the new ceiling pump price of diesel in Peninsular Malaysia to RM3.35 per litre, up from RM2.15 per litre previously. This is effective from midnight of June 10, 2024.

Now only you talk 🗣️ LGE

Send dai. Name like that also not auspicious. That’s why… all the problems…

Cut pension pay of MP lah. Apa macam?

Posted by Johnchew5 > Jun 5, 2024 8:57 AM | Report Abuse

Hoho what a pity le dumbass Lee , working in Indonesia Palm oil forest at 64 ..


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Johnchew5, you sudah hari hari pumping at Jln Alor ker. Puas hati till sleeping 😴 soundly???

https://youtube.com/shorts/ZciO7OsHBHI?si=JJQfna-vfdocdz5y

https://youtube.com/shorts/ZciO7OsHBHI?si=JJQfna-vfdocdz5y

John rat 🐀, u can’t even beat my brother track records in Ytlp. Haha 😛

Who let the dogs out in Jaks? Jaks has rabies now at 12.5 sen. Rubbish jaks. Haha. Siapa holding jaks???

John Chew, why you don’t dare to fight stocks selection with StingRay, UlarSawa punya Sifu???
No balls are you? Pongdan is it???

Hello Mr. JohnChew, today you fighting with HOW MANY PEOPLE here? You shameless kiddie 🧒.
Sslee Sir track records in Insas is super impressive. You only TRASH RECORDS IN JAKS, HRC and Hiaptek. How??? My brother also Track Records in YTLP super cantekkkkk.
JohnChew nothing to show, can’t fight with StingRay in stock selections. Hahahaha dump.ass Rat 🐀.

Maggie 面 真好吃

Posted by Income > Mar 16, 2024 9:29 AM | Report Abuse X
I bought RM 1K @33sen。Now waiting below 30.5 Sen。Don't follow me。You do your own decision。
Disclaimer: Don't follow my advice. Your loses are not concern any questions please ask your remisier.


Posted by Income > May 28, 2024 7:09 AM | Report Abuse
Today I will buy another Rm1k at 26 sen. Slowly collecting more Piramiding slowly Posted by


Posted by Income > Jun 1, 2024 8:26 AM | Report Abuse
3rd batch Scib, I will buy and Wait at 0.21-0.22
Follow xiaoeh Sifu advice.

26 sen —> 24 sen Wtf 😳

I pity Sslee Sir, bought Scib at 37 sen???
Crying 😭 louder…

Posted by Income > Mar 16, 2024 9:29 AM | Report Abuse X
I bought RM 1K @33sen。Now waiting below 30.5 Sen。Don't follow me。You do your own decision。
Disclaimer: Don't follow my advice. Your loses are not concern any questions please ask your remisier.


Posted by Income > May 28, 2024 7:09 AM | Report Abuse
Today I will buy another Rm1k at 26 sen. Slowly collecting more Piramiding slowly Posted by


Posted by Income > Jun 1, 2024 8:26 AM | Report Abuse
3rd batch Scib, I will buy and Wait at 0.21-0.22
Follow xiaoeh Sifu advice.

26 sen —> 24 sen Wtf 😳

I pity Sslee Sir, bought Scib at 37 sen???
Crying 😭 louder…

JohnChew is DreamSorcerer another of your account name?
I say that because you don’t admit DreamSorcerer is UlarSawa.
That means JohnChew is DreamSorcerer another of your account name.
Haha at last I catch JohnChew AKA DreamSorcerer account liawww

John Chew, go and paste DreamSorcerer and you will see he is active as UlarSawa… long lost friends???

Posted by DreamSorcerer > May 30, 2024 9:47 PM | Report Abuse

Okay, about his thread topic, let's take a close neighbour of ours on the southern edge of Asia, namely Australia.

There were 2,430,400 public sector employees in the month of June 2023 comprising: 350,300 employees in Commonwealth government (including defence force personnel); 1,871,900 in state government; and. 208,200 in local government.



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Joh Chew,
DreamSorcerer now coming out because UlarSawa is in jail ker…

Posted by DreamSorcerer > May 30, 2024 9:47 PM | Report Abuse

Okay, about his thread topic, let's take a close neighbour of ours on the southern edge of Asia, namely Australia.

There were 2,430,400 public sector employees in the month of June 2023 comprising: 350,300 employees in Commonwealth government (including defence force personnel); 1,871,900 in state government; and. 208,200 in local government.


DreamSorcerer
1119 posts
Posted by DreamSorcerer > May 30, 2024 9:48 PM | Report Abuse

That means that for a country of only 27 million people, Australia has a per capita public sector staffing ratio of close to 1 per 10 people, which is substantially higher than what he has spouted for Malaysia.


DreamSorcerer
1119 posts
Posted by DreamSorcerer > May 30, 2024 9:48 PM | Report Abuse

Ron90:

"while Malaysian include 300k security personnel, but other country even Korea have 500k army. UK civil servant 6 million, France 5.5 million, Germany 4.6 million.. not include their arm forces."

Excellent counterpost from you, dude. Good for calling out some of the BS continually being spewed and spouted by KYY about this country.

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JohnChew rat 🐀 your UlarSawa AKA DragonSlayer is in i3 now, WHY???

EPF suka ini

https://youtube.com/shorts/yOpqre4KwPM?si=fvK_OyCJrnAlMsEA

39 pun ada today…

价格太高了，我不能买这个

不要笑太久

最后，可以笑出声来

低于预期

https://youtube.com/shorts/lnELVGlviAM?si=9u1Mui6L7g_slq9O

飞机还没有起飞吗？

哎哟

终于，价格上涨了

This is My heirlooms…

Rama Prof, 🧑‍🏫 you are genius.

Vtec = Honda engine technology laaaa

Serbak 2.0???

来吧。继续飙升

向前充电

出现

来 了

Who sells cheap today?
I like Jepun Nuts 🥜 here= called Natto in Japan 🇯🇵

Why no open tenders???

This topic Ykk already brought up countless times. Dah basiiiiiii

Uncle Ykk, you want war with Akmal or not because you hentam type M bohhh?

Bro, let’s play Social Exchange, the first of its kind in Asean, by the end of this year, with registration for the exchange slated for the first quarter of 2025, said its chairman Datuk Seri Dr Awang Adek Hussin.

Banyak Wang untuk ambil. Free money… Wahhhh yahoo. I can play to achieve my goals of becoming a millionaire. Wahhhhhh

Wahhhh turun to 40 sen. Wtf

Is SEERESEARCH2023 is AKA John Chew???
Always SeeResearch fights with Calvintaneng… Nuclear warheads between two of them???

Wednesday, 29 May 2024 2:39 PM MYT

KUALA LUMPUR: The Securities Commission Malaysia (SC) is expected to launch the Social Exchange, the first of its kind in Asean, by the end of this year, with registration for the exchange slated for the first quarter of 2025, said its chairman Datuk Seri Dr Awang Adek Hussin.

The Social Exchange is a dedicated fundraising platform for projects with positive social outcomes through the mobilisation of private and philanthropy capital in meeting the needs of the underprivileged.

Prime Minister Datuk Seri Anwar Ibrahim announced yesterday two capital market-related initiatives at the GFIEF - the establishment of Malaysia’s first Social Exchange; and the introduction of fundraising for waqf developments through peer-to-peer (P2P) financing and equity crowdfunding (ECF) platforms.

According to Awang Adek, the advisory committee for the establishment of the Social Exchange will be chaired by the SC, with the participation of representatives from the Ministry of Finance and Bursa Malaysia Bhd, along with other relevant parties.

"One of the countries that have actually done this is India, and it runs on their stock exchange, so we will have to explore whether it can be run by Bursa Malaysia here, but that is to be determined on how we want to implement it. One of the objectives of the advisory committee is that once people know that we already have a credible framework, then a lot more people will come to contribute," he said, adding that the SC has also studied the mechanism of India's implementation of its Social Exchange.

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Bro, let’s play Social Exchange, the first of its kind in Asean, by the end of this year, with registration for the exchange slated for the first quarter of 2025, said its chairman Datuk Seri Dr Awang Adek Hussin.

Banyak Wang untuk ambil. Free money… Wahhhh yahoo. I can play to achieve my goals of becoming a millionaire. Wahhhhhh