Consumer Protection Act will impose stricter penalties on hoarding of goods

The Consumer Protection Act will enact more stringent penalties for hoarding and price gouging, warned Prime Minister Sherif Ismail. He added that further restrictions are also in place against hoarding commodities without elaborating further on the details, AMAY reports. The move is part of a series of amendments to the legislation by the government to guard against inflation, which also include making manufacturers print manufacturing costs on their products to prevent merchants from over-inflating prices. In the meantime, the government to continues to reassure the private sector that price controls are a thing of the past.