Newly Imposed Regulations On Cheap Sales Crazy | No More Mega Sales
Effective on 11 August 2010, all merchants wish to hold Cheap Sales Campaign must get a approval notice and send the price list of the Sales Items (before & after) for the past 6 months.
Previously, the merchants only need to send the approval notice before the Cheap Sales Campaign. Therefore the merchant is free to manipulate the Sales Item items.
During the Cheap Sales Campaign, all 70% of of the items in the shop must be on Sales and only can hold maximum 5 Mega Sales campaign a year.
This is a Good News for consumer as a lot of merchants use this Sales Gimmick to attract more Sales.
Some merchants even resort to mark up the price before the sales. Therefore, there is no real price different even though the merchants claimed to be 50%-90% Cheaper.
According to Domestic Trade, Consumerism and Co-operative Minister, Datuk Seri Ismail Sabri Yaakob, during the period from 2008 till today, there are more than 40,000 application notice to hold Cheap Sales Campaign.
I foresee there will be less Mega Sales after this and put an end to attempts by unscrupulous businessmen to use such sales as means to cheat consumers.
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Newly imposed regulations on cheap sales effective from Wednesday
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Domestic Trade, Consumerism and Co-operative Minister Datuk Seri Ismail Sabri Yaakob says the newly imposed regulations on cheap sales that became effective on Wednesday will put an end to attempts by unscrupulous businessmen to use such sales as means to cheat consumers.
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Display of prices for cheap sales a must
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PUTRAJAYA: Traders must list the old and new price of items on cheap sale which should comprise 70% of goods in the premises.
This has been gazetted and enforced under the Trade Descriptions (Cheap Sale Price) Regulations, said Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob.
Under the regulations, traders would have to serve the ministry 14 days’ notice to get registration numbers and must keep records of the price of items six months before the cheap sale dates.
Ismail said they were also not allowed to hold a cheap sale 14 days after the last sale ends except for the Malaysia GP Sale, Malaysia Mega Sale Carnival and the Malaysia Year-end Sale (M-Yes).
Traders who flout the regulations could be fined not more than RM100,000 or jailed three years or both while second offenders can be fined not more than RM200,000, six years’ jail or both.
Companies can be fined not more than RM250,000 for the first offence and RM500,000 for the second offence.
fr:thestar.com.my/news/story.asp?file=/2010/8/14/nation/6855746&sec=nation
No permit needed for selling price-controlled items
By ONG HAN SEAN
KUALA LUMPUR: Traders may sell price-controlled items without having to apply for licences beginning this Hari Raya festive season.
Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said the move would solve bureaucratic problems.
“However, they still need to display pink tags on the price-controlled items,” he said.
He reminded traders to comply with the requirement and urged them to sell the price-controlled items at a lower price if they could be obtained cheaper.
Ismail Sabri, who announced the festive price-control scheme yesterday, said the price controls would be imposed for two weeks, a week before and a week after the festive season from Sept 3 to Sept 17.
The price-controlled items are chicken, local beef, local and imported buffalo meat, eggs, cabbage, red chillies, tomatoes, grated coconut, imported groundnuts, shallots, mackerel and coconut milk.
The scheme would be enforced nationwide in 146 districts and regions.
Ismail Sabri said imported potatoes and garlic were off the price-control list.
“The Ministry found the price and supply of imported potatoes stable and demand for the item the same, so there is no need to impose price control this year.
“For garlic, the current market is unstable and there had recently been a drastic price increase, so we cannot place a control on it,” he said at a press conference yesterday.
Two new items were added to the list: buffalo meat and coconut milk.
Ismail Sabri said their inclusion was due to buffalo meat being essential for certain states during the festive season, while demand for coconut milk was increasing.
fr:thestar.com.my/news/story.asp?file=/2010/8/28/nation/6937315&sec=nation
‘Two price tags’ rule proven to curb cheating
KUALA LUMPUR: Efforts to compel traders to comply with regulations on the display of price tags before and after sale discounts have curbed cheating, a minister said.
Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri said that up to July, 173 complaints had been received from the public about traders misrepresenting discounted prices in sales.
However, since the implementation of regulations under the Price Control Act last month, there had not been a single complaint, he said.
“Consumers felt cheated after realising that goods which were purportedly discounted used the old price,” Ismail told reporters after inspecting sales promotions at a shopping mall here yesterday.
He said the ministry had collected RM8,200 in compound fines and RM12,000 in penalty payments from errant traders.
fr:thestar.com.my/news/story.asp?file=/2010/9/9/nation/7004600&sec=nation
New regulation on cheap sale effective
KUALA LUMPUR: The new regulation requiring traders to provide a list of the products to be put on promotion prior to holding the sale has shown positive results, said Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob.
The ministry, he added, had not received any complaint about abuse of the promotional prices of goods compared to 173 complaints before the new regulation was introduced last month.
Under the new regulation, shopkeepers and operators of supermarkets wanting to hold a sale were required to submit a list of at least 70% of the relevant goods or products to the ministry.
They are also required to tag the goods with the old and new prices to avoid any confusion among consumers.
The new regulations provided for a penalty of a maximum RM100,000 fine or three years’ jail for individuals and a maximum RM250,000 fine for companies found guilty of violating the rule.
“Consumers who detected irregularities could report to the ministry immediately,” Ismail told reporters after making an inspection tour of a mega sale at a popular shopping mall here yesterday.
fr:thestar.com.my/news/story.asp?file=/2010/9/10/nation/7014347&sec=nation