A supplier was issued a compound of 500 dollars for selling above maximum price set by the Price Controller. The Department of Economic Planning and Development, JPKE through the Department of Competition and Consumer Affairs in a media release today explained, the company's offence was found during a routine inspection to business premises in Kg. Tungku and Kg. Bengkurong, Brunei Muara District on the 24th and 25th of July. During the inspection, two business premises were found to be selling 5 types of formulated milk powder above the maximum price set by JPKE. Upon inquiry, it was revealed that the supplier did not adhere to the price set and sold the products to the retailers at above maximum price. The same supplier was previously issued with a Warning Notice in April 2018 for same offence.
JPKE would like to remind suppliers and distributors of price controlled items to sell price controlled items to retailers within the maximum price set by JPKE. 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 by the court; or a fine of 20-thousand dollars and imprisonment of 5 years for a repeated offence. JPKE advises the public to practise the concept of "Smart Consumer", by comparing prices in different stores before making purchase decision, in getting the best value-for-money. The public is encouraged to access the PenggunaBijak/SmartConsumer mobile application that provides a platform to compare prices of selected daily necessities and price-controlled goods; as well as information on consumer related laws.
Source: Radio Television Brunei