Kota Kinabalu: The Ministry of Domestic Trade and Cost of Living (KPDN) is weighing a new legislation to regulate e-commerce, after finding sellers’ profit margins and commissions on popular online shopping platforms are significantly reduced, particularly during heavily promoted monthly sales events.
Deputy Domestic Trade and Cost of Living Minister Senator Datuk Dr Fuziah Salleh said the review was essential to keep laws relevant in a fast-changing digital marketplace.
“While e-commerce is now part of everyday life for Malaysians and a driver of our digital economy, rapid growth has also brought risks such as fraud, unsafe products, misleading advertisements and cross-border enforcement limitations,” she told a press conference, Saturday.
window.googletag = window.googletag || {cmd: []};googletag.cmd.push(function() {googletag.defineSlot('/22826383987/dailyexpress_inline', [1, 1], 'gpt-passback').addService(googletag.pubads());googletag.enableServices();googletag.display('gpt-passback');});The Ministry convened a stakeholder engagement session at a hotel here involving industry representatives, digital platforms, trader associations, consumer protection groups, legal experts and academics to examine the current regulatory gaps.
