Price Control Act, Chapter 142

Two business premises were each issued with $500 compound fines for offences under the Price Control Act, Chapter 142 and its Regulations. The offences were found during a routine inspection by the Department of Economic Planning and Statistics, DEPS, Ministry of Finance and Economy in January 2023.

Syarikat Naseem Enterprise and De Rimba Department Store Sdn. Bhd. were found to have failed to display price tags on some items sold such as vegetables, fruits, powdered milk formula and canned liquid milk.

Last month, 16 Warning Notices were issued to 16 business premises for selling above the maximum price set for cooking oil products and failing to comply with the rules for displaying price tags, namely not displaying price tags and displaying misleading price tags. Businesses are reminded to always be responsible and conduct business ethically by complying with the Price Control Act, Chapter 142 and its regulations in an effort to develop a resilient domestic business ecosystem.

Source: Radio Television Brunei