January 13, 2010

Malaysia: Pay More! Pay More!

The local Chinese dailies have put out the warning.

Prepare to pay higher prices for grocery and food items and then some more after the Chinese New Year.

Federation of Sundry Goods Merchants Associations of Malaysia president Lean Hing Chuan said Chinese New Year delicacies like preserved meat would also see an increase by at least 10%.[Imported inflation?Foreign exchange issues?]

Federation of Malaysia Hawkers Association president Lee Teong Chwee said prices for hawker food should remain the same now but he did not rule out the possibility that it too could increase if there was a hike in toll prices and electricity and gas charges. [Fat hopes! They always increase during CNY]

“Hawkers dare not increase prices, fearing their customers would turn away from them.” [Not in KL/PJ!]

Nanyang Siang Pau reported that consumers might face a shortage of pork during the Chinese New Year.

The daily quoted Malaysian Pork Sellers’ Association chairman Goh Chui Lai as saying that consumers had to pay more for pork during the festive season.

Just look what 2010 has brought in and may bring in besides the aforementioned items.

There was this increase of sugar price by a whopping 20 sen. Then it was sandwich bread by some 30 sen. A potential toll increase? TNB rate hike? Mid-year petrol increase is definitely on, my friend.

Cry, my beloved country!

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