Food retailers warned against raising prices after sugar subsidy cut

KUALA LUMPUR: Food traders and retailers have been reminded not to take advantage of the reduced sugar subsidy to raise food prices.

"Those found taking advantage of the reduced subsidy by charging exorbitant prices will be penalised under the Price Control and Anti Profiteering Act 2010," Domestic Trade, Cooperatives and Consumerism Deputy Minister Datuk Tan Lian Hoe told reporters at the Dewan Rakyat here on Tuesday.