Addressing the high cost of living will be Domestic Trade and Consumer Affairs Minister Saifuddin Nasution Ismail’s main agenda.
Saifuddin said the current situation demanded the ministry to look into the matter to ensure the wellbeing and interests of the people were safeguarded as promised in the Pakatan Harapan election manifesto.
He added that the increase in prices of goods did not concern just government policies, but also other aspects involving traders, consumers and also enforcement.
"Towards this end, we will empower consumers' associations, enhance discipline on pricing by traders and also enforcement,” he told a media conference at his ministry here today.
Earlier, a ceremony was held where former Domestic Trade, Cooperatives and Consumerism Minister Hamzah Zainuddin handed over his duties to Saifuddin.
Also present were Deputy Domestic Trade and Consumer Affairs Minister Chong Chieng Jen and the ministry’s secretary-general Jamil Salleh.
On whether a special committee or a task force would be set up for the purpose, Saifuddin said there was no need for that at the moment.
"The deputy minister and I will ensure the functions and responsibilities of the ministry are carried out well for the people’s benefit,” he said.