KUALA LUMPUR (Sept 2): The government has set the maximum ceiling prices for Covid-19 self-test kits, with the wholesale price fixed at RM16 a unit and a retail price of RM19.90 a unit, which will take effect from Sept 5. The pricing was made to ensure the self-test kits are affordable for businesses as well as the public, according to a joint statement today by the Domestic Trade and Consumer Affairs (KPDNHEP) Minister Datuk Seri Alexander Nanta Linggi and Health Minister Khairy Jamaluddin. They said the demand for Covid-19 antigen rapid test kits (self-testing) is expected to increase as more of the public will conduct self-testing to curb the spread of the virus. “KPDNHEP has engaged with all local industry players and importers in determining a reasonable control price for all parties. Any trader who commits an offence will be prosecuted under the Price Control and Anti-Profiteering Act 2011 and may be subject to penalties if they sell self-test kits that exceed the maximum price.

Source: The Edge Markets September 02, 2021 05:48 UTC