KUALA LUMPUR: Businesses may have to start displaying the exact prices of their products from the middle of the year if an official plan to do so comes into effect.
The Star reported that the Domestic Trade, Cooperatives and Consumerism Ministry was mulling the Single Pricing Policy after getting complaints about businesses not showing proper prices.
It said that some consumers were paying a lot more for things they bought than what was displayed or advertised.
Minister Datuk Seri Hamzah Zainuddin (pic) said the policy was planned to be implemented this year.
"The time will come when we'll announce when we'll start on this scheme. (It will come out) very soon, we want it to be this year.
"Probably second half or third quarter of this year," Hamzah told reporters at the Sogo shopping centre.
Under the policy, the ministry will make it mandatory for businesses to show the exact prices for their items, which would be inclusive of all service charges and other hidden costs.
Hidden cost must be displayed
Consumer groups all for the single pricing policy