Break monopolies, open market to all, PH MP tells govt

[superadmin]

KUALA LUMPUR: A government backbencher has urged Putrajaya to eliminate monopolies and cartels and open the market to allow more companies to import goods.

William Leong (PH-Selayang) said the country’s entire market structure needed to be “corrected” to eliminate monopolies and cartels in industries such as padi cultivation, construction goods, telecommunications, sugar and flour production, and palm oil.

“High food prices and the high cost of living arise from problems in the market structure.

“Monopolies and cartels take advantage of consumers by raising prices to the point of absurdity.

“Abuse committed by dominant market players and monopolies must be addressed to ensure sustainable economic growth,” he said when debating the supply bill in the Dewan Rakyat today.

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