Budget 2027: Govt proposes E-Commerce Bill to protect MSMEs, boost consumer safety


Photo: IZZRAFIQ ALIAS/The Star

KUALA LUMPUR: An E-Commerce Bill will be tabled at the next parliamentary sitting to strengthen accountability among online platforms and sellers, says Prime Minister Datuk Seri Anwar Ibrahim.

He said the government was also reviewing legal and enforcement measures to protect local micro, small and medium enterprises (MSMEs) from unfair competition posed by foreign e-commerce companies.

"The government takes seriously the concerns of small traders over the presence of foreign e-commerce companies entering the local market without adequate oversight and enforcement," he said when tabling Budget 2027 in the Dewan Rakyat on Friday (Oct 9).

ALSO READ: MCMC meets with e-commerce providers, govt ministries and agencies to strengthen consumer safety

Anwar, who is also Finance Minister, said the proposed measures would safeguard the interests of local businesses while ensuring that products purchased by consumers were safe.

"The government will immediately review legal and enforcement measures to protect local MSMEs from unfair competition, while ensuring the safety of goods purchased by Malaysians," he said.

He added that the proposed Bill would strengthen accountability among online platforms and sellers.

 

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