Understanding the "Price Control and Anti- Profiteering( Mechanism to Determine Unreasonably High Profit for Goods) Regulations 2016"

1 March 2017


  • Background
  • Comparison between the new and previous mechanisms
  • Mechanism to determine “unreasonably high profit”
  • SERC’s comments and recommendations
  • Appendix: Exceptional scenarios and illustrations


  • The Price Control and Anti-Profiteering (“PCAP”) Act 2011 was gazetted to protect consumers against making unreasonably high profit (profiteering) on goods and services by businesses. The PCAP Regulations 2014 specified a time frame (2 Jan 2015 – 30 June 2016), which was subsequently extended to 31 December 2016, in which businesses must not increase their net profit margin.
  • On 22 December 2016, the Ministry of Domestic Trade, Co-operatives and Consumerism (KPDNKK) gazetted a new regulation -- PCAP Regulations 2016, which came into effect on 1 January 2017. This regulation has no expiry date, meaning that it shall be enforced until being repealed.

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