The Department of Economic Planning and Development (JPKE), Prime Minister's Office through the Department of Competition and Consumer Affairs has issued a compound of 500 dollars to a company for an offence under Section 3B: Selling above maximum price set by Price Controller, under the Price Control Act, Chapter 142, during a routine inspection to business premises in Kuala Belait, Belait District on Wednesday, the 4th of July 2018.

The company, which was found selling cooking oil above the maximum price set by JPKE, was previously issued with a Warning Notice in May 2018 for the same offence. The Department conducts daily inspections on price-controlled items listed under the Price Control Act, Chapter 142 which include cooking oil, powdered milk formula, passenger motor vehicles, and clay bricks to ensure the items are not sold above the approved maximum prices. The inspection is also to ensure businesses comply with the Price Control (Display of Prices) Order, which requires goods on display to be price tagged clearly.

Businesses which do not comply with the Price Control Act, Chapter 142 and its regulations can face penalties including:

A compound not exceeding 1-thousand dollars; or

A fine of 5-thousand dollars and imprisonment for 2 years for the first offence or

A fine of 20-thousand dollars and imprisonment of 5 years for a repeated offence.

Not all goods are price-controlled by JPKE. Goods other than those listed in the Price Control Act are determined by traders themselves. Therefore, JPKE advices the public to practise the "Smart Consumer" concept. The public is encouraged to access the PenggunaBijak/SmartConsumer mobile application that provides a platform for price comparison of selected daily staples and price-controlled goods; as well as information on consumer related laws.

Source: Radio Television Brunei