What is the role of KBS and MBM in price monitoring?

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KBS and MBM Mobilise Youths for Price Monitoring Initiative

The Ministry of Youth and Sports (KBS) and the Malaysian Youth Council (MBM) are collaborating to deploy youth volunteers across the nation to monitor price hikes and observe the pricing of goods. This initiative aims to support government efforts to protect consumer interests, particularly in light of recent decisions to maintain subsidies on essential food items. The Rakan Muda Division of the National Youth and Sports Department (JBSN), in conjunction with MBM, will be responsible for activating these volunteers.
Mobilisation of Youth Volunteers

The KBS, in partnership with MBM, is activating youth volunteers through the Rakan Muda Division of the JBSN and MBM. These volunteers will be deployed nationwide to participate in the price monitoring efforts. This broad mobilisation is intended to create a widespread network of observers to help scrutinise market prices.
Reporting Mechanism and Legal Framework

Volunteers involved in this price monitoring initiative will report their findings to the Ministry of Domestic Trade and Consumer Affairs (KPDNHEP). This reporting structure is established in accordance with the provisions of the Price Control and Anti-Profiteering Act 2011. The Act provides the legal framework for addressing price exploitation and ensuring fair pricing practices.
Alignment with Government Subsidies

This volunteer programme is directly linked to the government's recent announcements regarding the maintenance of subsidies on several basic food items. By having volunteers monitor prices, the government aims to ensure that these subsidies translate into stable or reduced costs for consumers, preventing potential price gouging in the market.
Safeguarding Consumer Interests

The overarching objective of this strategic cooperation between KBS and MBM is to harness the energy and reach of Malaysian youth to assist the government in safeguarding consumer interests. By actively engaging young people in monitoring price fluctuations, the initiative seeks to foster a sense of collective responsibility and provide an additional layer of oversight on market activities.

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What is the role of KBS and MBM in price monitoring?

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