What legal act governs the price control of surgical masks?

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The Price Control and Anti-Profiteering Act 2011 Governs Surgical Mask Pricing

The Price Control and Anti-Profiteering Act 2011 is the governing legislation for the price control of surgical masks in Malaysia. This Act outlines the penalties for retailers and individuals who violate the established price ceilings. For instance, selling three-ply surgical face masks above the RM1 price cap, which took effect on August 15, can result in substantial fines for businesses.
Penalties for Exceeding Price Ceilings

Retailers found selling three-ply surgical face masks above the RM1 price ceiling risk a fine of up to RM500,000. This severe penalty is stipulated within the Price Control and Anti-Profiteering Act 2011. For individuals, the consequences are also significant, with potential compounds of up to RM50,000 per offence, or imprisonment for up to three years and a maximum fine of RM100,000 if convicted.
Enforcement and Seizures

Enforcement actions have been actively undertaken to ensure compliance with the price controls. As of August 11, authorities conducted 47,703 checks specifically on face mask prices. These checks led to the seizure of face masks valued at RM536,951 and the issuance of compounds totalling RM392,400, reflecting the commitment to upholding the regulations.
Price Adjustments and Previous Ceilings

The recent RM1 price ceiling for surgical masks represents a further reduction from previous maximum prices. Initially, a RM1.20 maximum was announced, which itself was a decrease from the RM2 maximum introduced on March 18. These adjustments were implemented in response to market conditions and to encourage both local production and imports during periods of shortage.
Penalties for Failure to Display Prices

Beyond exceeding the price cap, the Act also addresses the transparency of pricing. Individuals failing to display the price of a controlled item can face fines of up to RM50,000 or be subject to a compound of up to RM25,000. For companies, the penalty for not displaying prices can amount to a fine of up to RM100,000 or a compound of up to RM50,000.

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What legal act governs the price control of surgical masks?

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