Armizan: RM10m allocation for MyCC for combating cartel practices

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Armizan: RM10m allocation for MyCC for combating cartel practices
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KUALA LUMPUR: The RM10 million allocation for the Malaysia Competition Commission (MyCC) under Budget 2024 will be used to more effectively tackle and...

: The RM10 million allocation for the Malaysia Competition Commission under Budget 2024 will be used to more effectively tackle and overcome the practices of cartels and price manipulation which negatively impact the people and the country, said Datuk Armizan Mohd Ali“The Domestic Trade and Cost of Living Ministry is committed to jointly implementing the targeted subsidy agenda, especially in the context of using monitoring and enforcement to reduce subsidy leakages.

Armizan said the Budget 2024, tabled by Prime Minister Datuk Seri Anwar Ibrahim yesterday, touched on efforts to intensify the Kempen Beli Barangan Malaysia with a RM12 million allocation to ensure that local products would be more popular among Malaysians. On the RM200 million allocation for the Jualan Rahmah and Pasar Rahmah programmes, he said it was to enable target groups from the low- and medium-income segments to have access to basic necessities at a lower price.

He said KPDN welcomed Budget 2024 as it focused on efforts to implement economic reforms and empower the people.

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