Press Statement by Opposition Leader and DAP Secretary-General, Lim Kit Siang, on16 June 1973:
In his speech to a special UMNO meeting yesterday, the Deputy Prime Minister and Minister for Trade and Industry, Tun Dr. Ismail, called on the people, political parties and consumers’ associations to help combat the grave problem of rising price and profiteering.
Since last year, the housewives, consumers and those in the low income brackets have borne the brunt of the run-away inflation and galloping price increases of a whole range of goods.
Apart from statements of sympathy and concern, the people cannot see any firm and positive action taken on the part of the government to curb unreasonable price increases.
The opposition parties are prepared to give the government all help in this vital problem, but the government must first take this problem seriously.
For a start, I would suggest that the government form a Parliamentary Standing Committee on Price Increases and Profiteering comprising representatives from all parties represented in Parliament, with powers to hold public hearings and summon witnesses on every unreasonable price increase. Continue reading DAP calls for establishment of Parliamentary Standing Committee Against Rising Prices and Profiteering