Cabinet Advises Traders To Be Responsible In Setting Prices

Cabinet Advises Traders To Be Responsible In Setting Prices

KUALA LUMPUR, Feb 4 (Bernama) — The Cabinet Wednesday advised traders to be responsible and considerate in determining the prices of goods and services in line with the drop in the prices of fuel, according to a statement issued by the Prime Minister’s Office in Putrajaya.

The Cabinet felt that this would enable the consumers to feel the effects of the price reduction, the statement said.

The Cabinet also advised consumers to exercise wisdom and use their power to coax traders to come up with reasonable prices for their goods.

 

This response from the Cabinet came after it was informed of a statement made by Agriculture and Agro-based Industry Minister Datuk Seri Ismail Sabri Yaakob hitting out at traders who were reluctant to reduce the prices of their goods following the drop in the prices of fuel.

The statement said the Cabinet was informed that the statement by Ismail Sabri, which went viral, was directed at all traders and not those of any one community.

“Besides, he (the minister) had proposed that consumers use their purchasing power to force traders to reduce prices,” it said.

Ismail Sabri’s statement, which called for a consumer boycott of traders reluctant to reduce prices of their goods, went viral on the social media since last week and elicited objections from several quarters.

Wednesday’s statement also quoted Prime Minister Datuk Seri Najib Tun Razak as having said that the Barisan Nasional government would continue to defend and safeguard the interests of all communities.

“As such, any dispute that can lead to racial polarisation in the country should not be prolonged as it would only bring harm to all the people,” it quoting him as having said.

–BERNAMA

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