26 February 2011

Timor-Leste to criminalise manipulation of the prices of basic needs

Diario Nacional, February 25, 2011 language source: Tetun - The Parliament and the Government have planned to produce a project law soon to regulate the price of basic needs and building materials in the markets to combat the problem of  businessmen who have manipulated their prices.

MP Manuel Tilman from the Parliamentary Committee C for economy and finance said this project will criminalise the manipulation of basic needs prices in the market as it has negatively impacted people's lives.

Tilman explained that this project is necessary, as businessmen use the opportunity of the free market system in the country to manipulate prices. Tilman added that they will also set up a new mechanism, so that the Ministry of Tourism, Commerce and Industry (MTCI) can cooperate with the police to control prices in the market.
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