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Business premises found committing offence under Price Control Act

THE Department of Economic Planning and Development (JPKE) at the Prime Minister’s Office through the Department of Competition and Consumer Affairs issued a compound of B$500 to a company for committing an offence under Section 3B (selling above maximum price set by Price Controller) and Section 5 (display of prices on any goods or class of goods under the Price Control Act, Chapter 142), according to a press release by the JPKE.

The offence was found during a routine inspection on a business premises in Kampong Sengkurong, Brunei-Muara District on March 3.

The company, found to have sold clay bricks above its ceiling price and without clearly displaying its price, was issued with a warning notice in February for a similar offence.

The department conducts daily inspections on price-controlled items listed under the Price Control Act, Chapter 142, which include cooking oil, powdered formulated milk, 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 clearly price tagged.

Businesses which do not comply with the Price Control Act, Chapter 142 and its regulations can face penalties including a compound not exceeding B$1,000; a fine of B$5,000 and imprisonment for two years for the first offence by the court; or a fine of B$20,000 and imprisonment of five years for a repeated offence by the court.

The JPKE advised the public to practise the concept of ‘Smart Consumer’ that is to compare prices of different stores before making any purchase to get 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.

-- Courtesy of Borneo Bulletin

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