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Companies Urged To Help Government In Maintaining Harmony
In this regard, he hoped companies would not place profit above the people's interest.
"The government wants to establish a win-win situation where the people and traders can exist in harmony," he told reporters after opening the Negeri Sembilan Malaysian Malay Chamber of Commerce's 39th AGM here today.
According to him, the ministry was forced to invoke the Malaysian Competition Commission (MyCC) Act 2010 to discourage traders against unwarranted profiteering.
"You are liable under the Act. Hence I remind traders in the country to help the government instead, to let the people live in harmony," he said, citing an ice production company that was imposed a hefty fine by the MyCC after being found guilty of forming a cartel to raise prices.
Meanwhile, he said a World Bank study showed that Malaysia was ranked sixth in the 'ease of doing business' index.
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