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25 Jan 2021 - Business compliance to Price Control Act improves for 3rd year

1. ​Business compliance to the Price Control Act and its regulations, the Display of Price Regulations and the Sales Regulations, has improved for the third year in a row with a 98.8% compliance rate in 2020. The Department of Economic Planning and Statistics (DEPS) through the Department of Competition and Consumer Affairs (DCCA) recorded 47 compoundable offences in 2020 compared to 114 and 244 in 2019 and 2018, respectively.

2. The continuous improvement of self-compliance among businesses is a welcome development that reflects the Department’s enhancements to its enforcement and advocacy efforts in the last few years. It also suggests greater effort on the part of businesses to have effective measures in place to ensure compliance, which improves the level of consumer welfare in the country.

Borneo Bulletin          DCCA