{"id":27909,"date":"2016-12-23T20:07:44","date_gmt":"2016-12-23T12:07:44","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=27909"},"modified":"2016-12-28T09:12:25","modified_gmt":"2016-12-28T01:12:25","slug":"10-discount-sales-next-year-ministry","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/10-discount-sales-next-year-ministry","title":{"rendered":"Minimum 10% Discount On All Sales Items Next Year, Says Ministry"},"content":{"rendered":"
Despite the gloomy outlook, Malaysians still have a reason to rejoice next year: retail outlets offering sales for their items will have to give a minimum of 10% discount.<\/p>\n
According to English-language daily New Straits Times, the compulsory discount was introduced under the amended Trade Descriptions (Cheap Sale Price) Regulations 1997.<\/p>\n
Domestic Trade, Co-operatives and Consumerism Ministry’s Enforcement Division director Roslan Mahayudin said it was up to the traders’ discretion to place any discount rate deemed suitable during sales.<\/p>\n
“Putting a minimum of 10% discount will benefit the consumers, as well as stop traders who has taken advantage by putting lower discount rates and call it a cheap sale,” Roslan was quoted as saying today.<\/p>\n
He announced this during his visit to Aeon Cheras Selatan supermarket for the Festive Season Price Control Scheme in conjunction with the Christmas celebration.<\/p>\n
Other amendments to the regulations, he pointed out, included four annual sales instead of the current five.<\/p>\n
Three of the sales will be on dates determined by the government such as the 1Malaysia Mega Sale, and one sale on a date chosen by the traders for their respective outlets.<\/p>\n
The amendment also stated that outlets must have at least 50% of their items on sale to be considered as having a special sale campaign or event. At the moment, the requirement was 70%, which the ministry found to be difficult for traders to adhere.<\/p>\n