Anwar orders agencies to step up action against profiteering

 The prime minister issued the directive at the National Cost of Living Action Council's second meeting of the year today.

Prime Minister Anwar Ibrahim chairing the National Cost of Living Action Council’s second meeting of the year in Putrajaya today. (PMO pic)

KUALA LUMPUR:

Prime Minister Anwar Ibrahim has called for stronger coordination among agencies to ensure more effective enforcement to control the prices of essential goods and curb profiteering nationwide.

Anwar issued the directive at the National Cost of Living Action Council’s second meeting of the year, which he chaired today.

He said the meeting focussed on proposed initiatives and immediate measures to ease the people’s cost-of-living burden under the 2027 budget.

“I also reviewed the progress of enforcement by the domestic trade and cost of living ministry to control the prices of essential goods and curb profiteering nationwide,” he said in a Facebook post.

Anwar said the government would continue to monitor global geopolitical developments and their impact on the price and supply of essential goods to ensure inflationary pressures could be addressed promptly and effectively. -  FMT