Since May 2018, with a new Government and no GST, will prices fall?

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Yes, in 2014, PRICES are going UP, UP AND AWAY!

INFLATION IS RUNNING AWAY WITH OUR MONEY!

Economists define inflation as a sustained increase in the general price level of goods and services in an economy over a period of time, usually measured by the Consumers Price Index (CPI) or Retail Price Index (RPI).

However, what we experience is entirely different. If the CPI is said to have gone up by 5%, it is not unlikely for a household to find out that its spending on the same basket of goods and services has gone up by 9%.

GST is probably the SINGLE most important contributing factor to inflation in Malaysia. Next would be the weak Ringgit.

March 2018

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The price of breakfast has gone up! 

The cheapest Kopi O is between RM1.60 and RM1.90. Every coffee shop I go to has increased their price by 10 sen.

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A chapatti and a small piece of chicken: Up from RM2.50 to RM2.70, up 20 sen.

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A bowl of beef bihun is now RM6.50, up from RM6.30, a 20 sen increase.

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Two Chinese stall holders selling Hamchim Peah (Chinese doughnut) said, “We started selling this when Mahathir was PM, and it was 3 for Rm1.”

Today, I paid Rm1.10 to her for 1 Chinese doughnut.

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She blames the present PM. “He’ll sell everything to China, she added, and there will be nothing left for our children and grandchildren!”

4 January 2018

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Happy New Year? My favorite prawn noodle stall at the pasar malam raised his price, from RM4.50 to RM4.80. That is an increase of 6%. He had kept his price unchanged for 18 months or more.

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Food, fuel prices to remain high in 2018


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MALAYSIANS will need to continue tightening their belts in 2018, as food and petrol prices are expected to remain high despite a dip compared with prices in 2017.

Economists and analysts also expect fewer new job openings but those still employed could see their wages rise by about 3%.

Experts expect a rise in the ringgit’s value versus the US dollar in 2018 to bring down the price of imports. Malaysia imported RM38 billion worth of food between January and October in 2016.

But the rise in petrol prices at the end of last year is also expected to continue into 2018 on the back of increasing global demand and less supply.

They projected inflation or the rate at which goods’ prices rise to be between 2.7% and 3.5% this year, as opposed to the average 3.8% and 4% in 2017.

Economist Azrul Azwar Ahmad Tajuddin, however, said this does not necessarily mean consumers will see lower food prices in 2018.

Headline inflation will hinge a lot on global oil price trends, which will, in turn, influence domestic fuel prices, he said.

“Prospects of a stronger ringgit and some reduction in global cost factors in 2018 could cap much of these inflationary strains, although prices for food items and other basic items could remain somewhat elevated,” Azrul Azwar told The Malaysian Insight.

“After averaging at close to 4% in 2017, headline inflation is expected to moderate, clocking a full-year average of less than 3.5% in 2018.”

https://www.themalaysianinsight.com/s/30710/

20 December 2017

Inflation as we experience it

simonthong added,

12 December 2017

Families rely on bonus, overtime to shop for new school year


LOW salaries, high living costs and difficulties trying to save are the top three reasons some urban middle-income families are struggling to get their children ready for the 2018 school year.

Some work overtime or wait for year-end bonuses for the extra cash to buy what their children need for the new schooling session which begins next month.
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Year-end spending for parents with school-going children comes as the latest consumer price index (CPI) for October went up 3.7% to 120, compared to 115.7 in the same month last year.

Among the major groups with large increases were transport (+12.1%) and household maintenance (+2.6%) and health (+2.4%).

The CPI for food & non-alcoholic beverages, which accounted for 30.2% in the CPI weight, also increased by 4.4% in October.

https://www.themalaysianinsight.com/s/27184/

15 September 2017

Focus on resolving cost of living issues, Anwar tells Pakatan


PAKATAN Harapan must stay focused on resolving the economic troubles faced by the people, coalition de facto leader Anwar Ibrahim said today.

He reminded the pact to continue its struggle against the “mismanagement and corruption under Barisan Nasional”.

“I am deeply concerned about the increasing pressure on the rakyat due to the rising cost of living, the hike in petrol prices and the ill effects of the (goods and services tax) scheme.

“This is causing untold hardship to ordinary hardworking Malaysians, who deserve better.
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Anwar, who is also PKR de facto leader, said the government could not continue to cover up the fact that GST was a burden on the people.

“Against all the evidence, the government and some high officials continue to speak as if this is not affecting people.” – September 15, 2017.

https://www.themalaysianinsight.com/s/14765/

7 August 2017
KK replied 24m24 minutes ago

khalidkarim Retweeted KK

Yes..RM50 can’t buy much these days

khalidkarim added,

.

28 Nov 2016

Got this via WhatsApp. Is it true?

Roadtax kereta dari 880c ke atas naik 25% bermula Jan 2017,
bermkna naik dalam Rm 168.50 ,& insuran secara automatic naik dalam 25% jugak.

Just info..tq..
600cc = RM20 + RM5 (25%)
1.3cc = RM70 + RM17.50 (25%)
1.5cc = RM90 + RM22.50 (25%)
1.8cc = RM279.20 + RM69.80 (25%)
2.0cc = RM378.50 + RM94.60 (25%)
2.4cc = RM729.60 + RM185.40 (25%)

..

Yang viralkan kononnya road tax naik, please viral this.
.

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..

JPJ denies road tax fee hike

PETALING JAYA: The Road Transport Department (JPJ) has denied rumours of an increase in road tax for motor vehicles of 880cc and above starting January next year.

“The information is fake, and has been spread through social media and WhatsApp applications lately.

Sugar price will increase from rm2.85 to rm3.35 app 15% naik fr 1/12/16. Ummo/bn promised 7 janji which hve realized & put rakyat suffering.

zad

31 Oct 2016

From 1 Nov 2016: Petrol prices go up and so will cooking oil prices!

Petrol, diesel prices up 15 sen at midnight, priciest in 2016. Read more:

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19 Oct 2016

Report: Cooking oil subsidies cut, price to increase

Prices of several categories of cooking oil will increase next month, said the Malayan Edible Oil Manufacturers’ Association.

This was according to a report by Oriental Daily, which stated that it was the result of the impending removal of cooking oil subsidies.

Affected cooking oil categories include the 500g, 1kg, 2kg, 3kg and 5kg mixed oil products as well as the 500g, 1kg, 2kg and 3kg pure palm oil products.

The 5kg bottled pure palm oil will continue to be subsidised until next year, according to the report.

The report states that a one kilogram bag of cooking oil is expected to rise from RM2.50 to RM2.90 by next month, while a 5kg bottle of pure palm oil will increase from RM13.35 to RM15.25 by January 2017.

Further details are expected to be announced during Prime Minister Najib Abdul Razak’s Budget 2017 speech this Friday.

22 September 2016

Costlier food items cause rise in inflation
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KUALA LUMPUR: Malaysia’s consumer prices rose at a faster-than-expected pace in August, official data show.

The consumer price index – the country’s primary gauge of inflation – climbed 1.5 per cent in August from a year earlier, the Department of Statistics said in a statement.

By comparison, in July there was a 1.1 per cent year-on-year increase. Economists had predicted a median 1.3 per cent annual rise.

According to a report in the Nikkei Asian Review (NAR), on a seasonally adjusted basis, the index rose 0.4 per cent in August from July.

The food and non-alcoholic beverage index, which carries the largest weighting at 30.2 per cent, rose 3.5 per cent year-on-year in August while non-food prices edged 0.6 per cent higher.

The transport index fell 6.7 per cent . Core inflation, which excludes most volatile items including fresh food and energy prices, rose 2.2 per cent in August, said the NAR report.

13 June 2016

Malay Mail Online

Many skip bazaar as prices shoot up

By Puteri Sabira Ab Ghani

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PETALING JAYA, June 13 — Buying food from the bazaar Ramadan is something many Malaysians look forward to. Muslims throng these bazaars to get food and drinks to break fast.

However, many are irked by some unscrupulous traders who raise their prices exorbitantly.

Nur Munirah Ramli, 31, a lecturer from Kepong, prepares her own buka puasa fare as it is cheaper.

Buying food at the bazaar Ramadan is now an expensive affair, she said, citing as an example the price of popiah basah which costs RM2 a piece, compared to 50 sen in 2011.

“That is why I have stopped going to the Taman Ehsan bazaar Ramadan, where traders charge steep prices. If we spend RM50 at a bazaar, we can only buy a few food items. It is not the same as it used to be,” she said.

Bank executive Nor Adillah Mustaffa, 29, said some bazaar Ramadan traders were taking advantage of consumers.

“The prices of goods have gone up again this year. Price increases are normal because of inflation but a hike of 50 sen to RM1 is too much,” she said.

http://www.themalaymailonline.com/malaysia/article/many-skip-bazaar-as-prices-shoot-up?utm_content=bufferf59da&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

1 March 2016

GOOD NEWS, BAD NEWS.

The good news is that the price of petrol goes down. The bad news is that the prices of roti cana and bread will go up.

Star

1 March 2016

Your breakfast may cost more from now on

PETALING JAYA: Bread and other breakfast favourites such as roti canai may cost more following the removal of subsidies for bulk purchases of flour.

The subsidy of RM8.25 for the 25kg-bag of wheat flour are to be removed from today, moving the price up to RM42 per bag.

An eatery owner, who was shown the revised price, calculated that he would have to charge RM1.20 for roti canai from RM1 per piece.

“All this while, we have maintained our RM1 price because we don’t want to burden our customers.

“But with this new price revision, we need to increase it,” said restaurant owner Selva.

He said the timing of the subsidy removal was inappropriate and that the Government should seriously reconsider implementing it.

In George Town, Maliia Bakery (M) Sdn Bhd chief executive officer M. Kumaresan said the move would impact the business.

“The removal of subsidy for wheat flour means a 30% increase in cost,” he said.

“We spend between RM100,000 and RM150,000 on various types of flour including wheat flour.

“We will use up our present stock and when that finishes, we will have to sell our products at a higher price,” he said.

http://www.thestar.com.my/news/nation/2016/03/01/your-breakfast-may-cost-more-from-now-on/

23 Feb 2016

Malaysia‘s January inflation at its fastest pace since March 2014. Note non-food item 👀

STAR INVEST: Malaysia Jan inflation rate rises to 3.5 pct y/y: KUALA LUMPUR: Malaysia‘s consumer price index i…

2 February 2016

IF YOU ARE IN MALACCA AND WANT A RM3 MEAL…

The shop, Sweet Azza Confectionary Melaka, is located at No 20, Jalan Panglima 2, Taman Panglima, Bukit Serindit here and opens from 9am to 2pm

Fancy a hearty meal at RM3?

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By Kelly Koh – 2 February 2016 @ 11:14 AM

MALACCA: The difficulty in getting affordable yet healthy meals has led chef Nor Nik Man Amirudin to provide hearty but cheap meals here to help alleviate the rising cost of living.

A “Nor Nik Man” meal costs only RM3. When Nor first started working, he found it hard to make ends meet during the 1997/1998 Asian financial crisis.

“I used to have only RM2.50 and it was difficult to get a decent meal. I ended up with just rice, egg and a bowl of soup.”

The shop, Sweet Azza Confectionary Melaka, is located at No 20, Jalan Panglima 2, Taman Panglima, Bukit Serindit here and opens from 9am to 2pm.

Nur Syahirah’s mother, Rohani Ismail, 60, helps make traditional Malay kueh.

“Other than baking cakes on request, we are also selling Malay kueh, such as karipap sayur, karipap telur, bom pedas, onde onde, kuih talam and yam cake.

“Although the official closing time is 2pm, we will close when the rice is sold out,” Rohani said.

Nor said those who wanted delivery could contact Syahirah at 011-2379 6110 to place orders between 2pm the night before and 10am on the delivery day.

“Delivery locations include Ujong Pasir, Melaka Raya, Bukit Katil, Bukit Beruang and Ayer Keroh.”

Read More : http://www.nst.com.my/news/2016/02/125319/fancy-hearty-meal-rm3

25 January 2016

It was time to replace 2 tyres at the back of my 16 year-old Ford Telstar since they were 4 years old and quite thin. The last tyres I had bought in August last year were 2 Sime tyres which had cost RM225 each (alignment and balancing included), a total of RM450.

It was time to hunt for cheaper tyres. With GST, the falling Ringgit and inflation, I had to cut cost somewhere.

An acquaintance had told me 3 weeks ago that he had bought Korean tyres for RM180 each. He thought they were hardy enough for Malaysian roads.

I returned to my regular tyre-man and asked for Korean tyres.

Here are the 2 tyres I bought for RM175 each (alignment and balancing included), a total of RM350. Hankook Kinergy.

ztt

20 January 2016

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By RUPA DAMODARAN – 19 January 2016 @ 11:01 PM

KUALA LUMPUR: Inflation in Malaysia may have likely increased in December, said economists.
The Consumer Price Index (CPI) is likely to grow by an average 2.72 per cent in December from 2.6 per cent in November, according to a Business Times poll.

The Statistics Department will release the data Wednesday.

Read More : http://www.nst.com.my/news/2016/01/123028/cpi-likely-rose-december

16 January 2016

Struggling to stretch the ringgit

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Photo: Reuters

With the weakening ringgit and price increases, people are forced to tighten their belts. Many are keeping a sharp lookout for great offers so that they can stock up on essential items and stretch their money.

A FRIEND of mine was wearing a big smile as he made his way out of a hypermarket in Paya Terubong on Penang island recently.

He was carrying three reusable bags which were full of instant noodle packets. Although it was a public holiday, Sathia was busy going from one hypermarket to another to buy certain items on offer.

He is among thousands of Penangites who are learning how to cope with price hikes during the current hard times. On weekends and festival days, hypermarkets in Penang and elsewhere in the country compete with one another to woo buyers with offers on items.

In Penang, full page or half page advertisements are placed in The Star and certain dailies. These can run up to five or six pages at times.

When the writer posted about the shopping habits of some Penangites in his WhatsApp group, some friends from Kuantan, Kuala Lumpur, Ipoh and Malacca replied they were also doing the same.

Now, they are waiting for the Chinese New Year sale.

A friend posted that he used to scold his wife for rushing to buy offer items some three years ago. He had told her that it was not worth the hassle of waiting in the long queue.

“Now, I have changed my thinking. I have found out that I can save quite a bit,” he said.

A general manager of a hypermarket in Penang told my colleague that sales was down by 30 per cent during the recent Christmas and New Year period compared with the same period last year. The short lines were noticeable to patrons.

– See more at: http://news.asiaone.com/news/malaysia/struggling-stretch-ringgit?utm_medium=Social&utm_source=Twitter&utm_campaign=Echobox&utm_term=Autofeed&link_time=1452911244#xtor=CS2-4

Pinned Tweet

What Malaysians will pay more for in #2016

KUALA LUMPUR, Jan 4 — In 2015, the global economic downturn hit home and bit the average Malaysians where it mattered most — their wallets.

Consumers, especially those living in the central peninsula west coast region, found out they would have to pay even higher prices for many goods and services, in particular travel within the Klang Valley.

This on top of Putrajaya’s introduction of the Goods and Services Tax (GST) last April, which saw an overall increase in the price of goods and services.

Here is a recap of the price hikes we learnt about in 2015 and what we will be paying for in 2016:

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Singaporeans can cross over to JB to buy ‘cheap’ to counter inflation in Singapore and inflation in Malaysia…

Singapore paper reports:

In 2016, no respite from rising costs for poorer Malaysians

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KUALA LUMPUR — The segment of Malaysians most vulnerable to rising costs that plagued them for most of last year will see their pains continue and likely worsen in 2016, economists have warned.

Independent economist Lee Heng Guie said that despite Malaysia’s positive overall performance, the country was still adjusting to fiscal reforms such as subsidy rollbacks and introduction of the Goods and Services Tax (GST), with the burden heaviest on the lower income segments.

“You hear positive macro data coming out that is saying that the mean household monthly income has increased [RM6,141 (S$2,014) in 2014 compared to RM5,000 (S$1,640) in 2012], but it doesn’t sync with the reality when you talk with the average Joe who will tell you that they are struggling to make ends meet,” he told Malay Mail Online when contacted.

He said that the higher costs were affecting Malaysians at every level, but said the lower income groups were more vulnerable due to their low savings rate that leave them with little, if any, financial buffer to withstand the period of turmoil.

Aside from low savings, Malaysians also contend with high monthly debt obligations. The Khazanah Research Institute report also revealed that households earning less than RM3,000 had borrowings of up to seven times their annual income.

http://www.todayonline.com/world/asia/2016-no-respite-rising-costs-poorer-malaysians?page=1

1 January 2016

Happy New Year, Parents with school-going children. May the rising prices of school-related goods not drive you to despair!

Malay Mail Online

Rising cost of living drive parents to make adjustments in buying school items

zx.jpgParents with their children shop for shoes to prepare for the new school term, Kuala Lumpur, December 28, 2015. — Picture by Saw Siow Feng

KUALA LUMPUR, Jan 1 — Faced with the rising cost of living, medium and low-income people are resorting to various means to provide the schooling requirements of their children.

Those living in cities took the opportunity of their visit to their villages and hometowns during the school holiday to buy school uniforms, shoes and stationery.

Salina Abdul Rahman, 49, said she opted to buy the schooling items of her youngest child in her village in Malacca as they were much cheaper there than in Putrajaya.

Some people chose to shop at supermarkets which offered discounts or vouchers.

“I have to exercise wisdom in finding supermarkets offering price cuts to get the best purchases in the current economic scenario,” said Mohd Sahar Hasran, 31, of Felda Jengka 5 in Pahang.

In fact, Mohd Sahar went to the extent of making comparisons at several supermarkets before deciding where to buy.

Aggie Adrian chose to buy her son’s school uniforms in bulk at a clearance sale at a shopping centre in Petaling Jaya.

A Bernama check found parents lamenting over a 10 to 20 per cent increase in the prices of school items this time compared to the previous year.

– See more at: http://www.themalaymailonline.com/malaysia/article/rising-cost-of-living-drive-parents-to-make-adjustments-in-buying-school-it?utm_source=twitterfeed&utm_medium=twitter#sthash.ptMM0db7.dpuf

This minister seems to think that the rakyat are all like him, buy branded school-related goods.

Star

28 December 2015

‘Don’t expect low prices for branded goods’

JOHOR BARU: Parents cannot choose to equip their children with branded goods for school and expect low prices, said Deputy Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ahmad Bashah Md Hanipah.

“If parents want affordable items, they cannot expect branded stuff because it cannot cost much lower than the designated price range.

“It is up to the parents to choose whether they want cheaper goods or pay more for branded ones. They can choose either at shopping outlets,” he said.

The Government, he added, had done its part in bringing down prices with its Back to School campaign to help lessen the burden of parents with children in school.

He noted that through such campaigns, parents could buy a set of school uniforms, shoes and socks at just RM70, with some of the items being offered at 50% to 70% discounts.

http://www.thestar.com.my/news/nation/2015/12/28/dont-expect-low-prices-for-branded-goods/?utm_source=dlvr.it&utm_medium=twitter

31 December 2015

Will it be Happy New Year to TNB and More Expensive New Year for Malaysians! Will there be a tariff increase in 2016?

Happy New Year to Singaporeans from Singapore Power!

Electricity tariffs will fall in first quarter of 2016: SP Services

The tariff reduction is due to the lower cost of natural gas for electricity generation which fell by 8.9 per cent compared to the last quarter of 2015, the utilities company said.

Electricity bills in Q1, 2016 will be lower than any point in 2015: Singapore Power

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SINGAPORE: Electricity bills will fall in the first three months of 2016, due to the lower cost of natural gas, SP Services announced on Thursday (Dec 31). This will see electrical bills lower than at any point in 2015.

For the period spanning Jan 1 to Mar 31, 2016, electricity tariffs will decrease by an average of 4.2 per cent, or 0.85 cent per kilowatt-hour (kWh), compared to the previous quarter. The tariff reduction is due to the lower cost of natural gas for electricity generation which fell by 8.9 per cent compared to the last quarter of 2015, SP Services said.

This will see electrical bills in Singapore lower than at any point in 2015.

average-monthly-data

http://www.channelnewsasia.com/news/singapore/electricity-tariffs-will/2388938.html?cid=twtcna

IF YOU HAVE CHILDREN STILL ATTENDING SCHOOL AND THEY TAKE THE BAS SEKOLAH, THERE IS BAD NEWS FOR YOU!

Bas sekolah fares will go up. By how much? It could be up by as much as RM10 a month.

29 December 2015

Absorb costs, don’t raise fares, federation tells bus operators

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The Federation of Malaysian School Bus Operators Associations today asked its members not to raise fees next year, urging them to absorb the rising costs instead.

Federation president Amali Munif Rahmat said although the implementation of the goods and services tax (GST) and ringgit’s depreciation had inevitably increased business costs for bus service operators, he hoped they would consider maintaining their prices.

He added that this was to avoid passing the burden to their clients, who were mainly parents already struggling to cope with the high cost of living.

“We are pleading with bus service operators to absorb the costs if they can.

Yesterday, The New Straits Times reported Amali saying that bus operators were planning to hike fees starting January next year.

He said the prices might differ among individual operators and bus service companies as the fee was not dictated by the federation or the Land and Public Transport Commission (SPAD).

Amali said however that any increase in fees would be not be drastic but would be kept under RM10.

– See more at: http://www.themalaysianinsider.com/malaysia/article/absorb-costs-dont-raise-fares-federation-tells-bus-operators?utm_source=dlvr.it&utm_medium=twitter#sthash.q6vLWIh9.dpuf

28 December 2015

School bus fares going up
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KUALA LUMPUR: Parents may face additional financial burden next year as school bus operators look to hike their fares to cope with the Goods and Services Tax (GST).
Federation of Malaysian School Bus Operators Associations president Amali Munif Rahmat told the New Straits Times yesterday said with the introduction of GST, operational costs had increased.
“Even something as small as a screw, which a bus needs a lot of, is not being spared by GST, what more the entire operation cost,” he said.
Amali, however, could not determine how much the new school bus fares would be, as the price would set by the individual operators or companies.

Malaysia Inflation Chart

Malaysia Inflation October 2015

Note: Annual and monthly variation of consumer price index in %.
Source: Department of Statistics Malaysia (DSM).

http://www.focus-economics.com/countries/malaysia/news/inflation/inflation-eases-in-october

Retweeted

GST lebih dgn kenaikan harga barang melambung tinggi tapi Najib kata tidak membebankan rakyat

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Lol.

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27 December 2015

INFLATION!

Over 18 months. The same stall. One packet of bihun with prawns and meat.

From RM4.50 to RM5 to RM5.50 to RM5.80. That’s inflation.

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Say goodbye to cheap goreng pisang, satay in Malaysia next year

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KUALA LUMPUR — Simple pleasures like a hot, crispy goreng pisang could cost more next year, as petty food traders grapple not only with the goods and services tax (GST) introduced in April this year, but also the recent string of price hikes, such as toll rates in the Klang Valley going up between 10 sen (3 cents) and RM6 (S$1.96).

So as not to burden customers with a sharp increase in prices, food traders have absorbed much of the cost but may no longer be able to do so when 2016 rolls around.

Snack seller Nik Azura Abu Bakar, 49, of Taman Bukit Angkasa Pantai Dalam will stop selling chendol at her stall next year as a cost-saving measure.

She has also increased the price of her goreng pisang (fried banana in Malay), charging RM1 for three pieces instead of four previously.

She has kept the price of her keropok lekor at RM1 for five slices despite the wholesale cost going up by 10 sen per piece.

Ms Nik Azura, who operates her stall with her husband and three daughters, said it was fortunate that there was a Kedai Rakyat 1Malaysia nearby where she could purchase cooking oil at a subsidised price.

Mr Farize did not discount the possibility that the price for a stick of grilled meat, already raised from 70 sen to 80 sen after Hari Raya Aidilfitri this year, would increase again in 2016 if the cost of raw materials went up.

“Beef used to be RM15.50 per kg but now between RM22 and RM23 per kg.

“A sack of 5kg groundnuts used to be between RM27 and RM28, but is now RM32,” he said, adding that he usually purchased raw materials from a supermarket along Jalan Kuchai Lama.

A tom yam seller in Brickfields, who only wanted to be known as Boy, complained that the items required to make his spicy Thai dishes, such as chicken, rice, beef, eggs and spices, have all gone up although he buys from the Selayang wholesale market.

“Today, RM500 may not even be enough for a day’s ingredients.

THE MALAYSIAN INSIDER

http://www.todayonline.com/world/asia/say-goodbye-cheap-goreng-pisang-satay-malaysia-next-year?page=1

8 November 2015

MP: Will Najib eat humble pie over GST inflation lie?

On average 70 percent of goods and service have experienced price hikes!

MP: Will Najib eat humble pie over GST inflation lie? |

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An opposition MP has asked if Prime Minister Najib Razak will admit to being dishonest about prices not going up after the implementation of the Goods and Services Tax (GST).

“Before GST came into place, our government always tried to convince the people that the perception that GST would increase the cost of living is not right […].

“Both Najib and (then deputy finance minister) Ahmad Maslan got a slap in the face as the parliamentary reply from Minister of Domestic Trade, Co-operatives and Consumerism Hamzah Zainudin said the complete opposite of what they claimed,” said Kulai MP Teo Nie Ching.

She said Hamzah’s reply dated October 21 stated out of 446 items, prices of 350 in the peninsula, 283 in Sarawak and 304 in Sabah have increased since the tax was implemented in April.

“In other words, in average 70 percent of goods and service have experienced price hike,” said Teo.

https://www.malaysiakini.com/news/31879

After GST was introduced, May inflation rate: 2.1%

Malaysia May inflation picks up after consumer tax |

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19 June 2015

Malaysia’s consumer price index in May rose 2.1 percent from a year earlier after a new consumption tax was introduced the previous month, data from the Statistics Department
showed today.

The May inflation rate was above economists’ median estimate of 2.0 percent in a Reuters poll.

Reuters

http://www.malaysiakini.com/news/302458

Telekom Malaysia offers 2 broadband packages

1. 1Mbps Package: RM38 a month (excluding goods and services tax) for 1Mbps with data usage of up to 1GB. This is 57% cheaper than the current offering at RM88 for the existing 1Mbps package. Available from 16 June 2015.

2. New UniFi 10Mbps triple-play package: RM179 a month (excluding GST) that includes unlimited broadband Internet access, free fixed telephone calls nationwide and 22 basic HyppTV channels. This package is 10% cheaper than the existing UniFi 10Mbps package of RM199/month. Available from 15 July 2015.

http://www.thestar.com.my/Business/Business-News/2015/04/16/TM-introduces-new-broadband-packages-for-light-and-heavy-bandwidth-users/?style=biz

WAIT AND SEE…

Star

Wednesday April 15, 2015 MYT 6:36:52 PM

Lower broadband rates in two months

Communications and Multimedia Minister Datuk Seri Ahmad Shabery Cheek said the new charges would see a reduction of between 10% and 57% from the existing rates.

“It will now cost just RM25 a month for a basic mobile broadband package with a data cap of 1GB, running on 3G-HSPA network,” said Ahmad Shabery on Wednesday.

The basic tariff of RM25 for 1GB will be offered by all service providers.

Fixed line broadband packages, meanwhile, will start at RM38 a month for 1Mbps speed.

The new rates are expected to take effect “in a month or two”, Ahmad Shabery said.

http://www.thestar.com.my/News/Nation/2015/04/15/Telcos-lower-broadband-rates/

Flip flop policy: SPAD said taxi fares could go up; Cabinet said no, had to postpone; now, Nancy Shukri says taxi fares can go up.

Malay Mail Online

Taxis can go ahead with new fares, says Nancy Shukri

PUTRAJAYA, March 23 — The implementation of the new fares for express bus and rail services has been postponed, while the new increase fare for taxis can continue to the implemented, says Minister in the Prime Minister’s Department Nancy Shukri.

She said the decision to postpone of the implementation of the new fares for express bus and rail services to a date which to be announced later was made by the Cabinet during its meeting last Friday.

“The new fares for taxis which took effect immediately as announced on March 19 will continue to be implemented,” she said in a statement here today.

http://www.themalaymailonline.com/malaysia/article/taxis-can-go-ahead-with-new-fares-says-nancy-shukri

Will SPAD be the proverbial meat in the sandwich, with the Cabinet directive (‘Not yet’) on one side, and taxi drivers (‘Now’) on the other?

The Metered Taxi Drivers Task Force (BBPTB) says that if SPAD has to conform to the directive by the Cabinet, the association will protest against any such action including taking its taxis off the streets.

theSundaily

Taxis to continue with new fare despite Cabinet’s directive

KUALA LUMPUR: Taxi drivers are prepared to go head-to-head with the authorities with regards to the fare hike announced by the Land Public Transport Commission.

Despite the directive by the Cabinet to postpone the implementation of the fare hike for public transportation, taxi drivers in the Klang Valley are defiant on using the new rates.

The Metered Taxi Drivers Task Force (BBPTB), a body consisting of 22 taxi associations, has urged its members to continue operating based on the new fares, with about 40% to 50% of its drivers having already recalibrated their meters after SPAD announced the changes last Thursday.

Its chairman, Amran Jan, said this after Deputy Prime Minister Tan Sri Muhyiddin Yassin had on Saturday stated that the timing of the fare hike was not right at the moment.

“Almost half of the taxi drivers, from over 6,000 BBPTB members, have recalibrated their meters, spending a full day and some RM160 doing so,” he said during a press conference here yesterday.

“I also urge other taxi drivers who have not recalibrated their meters in accordance with the new fare to do so as soon as possible.

http://www.thesundaily.my/news/1361977

How do you put the Genie of the Taxi-fare Hike back into the bottle?

Taxi operators to go ahead with new fares

drivers to go ahead with new until issues new directive

KUALA LUMPUR: Taxi drivers will not comply with the Cabinet’s decision to postpone the new taxi fare rates.

Metered Taxi Drivers Task Force chairman Amran Jan said its members have already calibrated their meters to the new fares and will not make any changes until an official directive from the Land Public Transport Commission (SPAD) is received.

“We do not want to politicise the issue. We are concern over the high cost of living and taxi drivers are also locals who are affected by the implementation of the Goods and Services Tax (GST),” he told a press conference on Sunday.

http://www.thestar.com.my/News/Nation/2015/03/22/taxi-operators-to-go-ahead-with-fares-hike/

THE SPAD FARE HIKE.

WHY CAN’T SOMETHING SO IMPORTANT TO THE WHOLE NATION BE DONE SIMPLY AND CLEARLY?

SPAD announced new fares for taxis and express buses but the Cabinet asked for a postponement. (By the way, was it a request or a directive?)

Ever played the card game ANGKAT TURUN? This episode of ‘SPAD raises fares but Cabinet say not yet’ is turning out to be angkat turun.

Star

What about us? ask transport operators after fare hike postponement

By Aizyl Azlee and Vanessa Ee-Lyn Gomes

PETALING JAYA, March 22 — The postponement of public transport fare hikes has left transport operators frustrated as they cite the increase in cost of living and operation expenses.

Malaysian Taxi Drivers’ Transformation Association deputy chairman Kamarudin Mohd Hussain estimated the majority of taxi drivers in the Klang Valley had already recalibrated their meters.

“And about 40 per cent of our members have already done so. Now, all of them will have to recalibrate again due to the postponement,” he said.

“Some people had to take a day off to recalibrate their taxis. It would only be fair if SPAD (the Land Public Transport Commission) reimbursed drivers for the time and cost to do it in the first place.”

He said the hike was supposed to take effect during the first quarter of 2014 but was pushed back because of the twin tragedies of MH370 and MH17.

“And now, it is because of GST (Goods and Services Tax). Is it fair for taxi drivers to be made the scapegoats? When is it ever the right time?” he asked.

– See more at: http://www.themalaymailonline.com/malaysia/article/what-about-us-operators-ask-after-fare-hike-postponed#sthash.EKiWmgeV.dpuf

Speaking to The Star on condition of anonymity, the source said approval for the gazetting of the increases were signed on March 19.

The source added that the Economic Council, chaired by the Prime Minister had approved of the new fare structures on three separate occasions.

Star

Sunday March 22, 2015 MYT 9:13:42 AM

SPAD disputes speculation new fees were announced without approval

PETALING JAYA: The Land Public Transport Commission (SPAD) has found itself in a spot after being directed by the Cabinet to defer the hikes in public transport fares.

SPAD, which announced the increased fares for taxis, buses and trains on Thursday, disputed speculation that the new fares were announced without approval.

SPAD chief executive Mohd Nur Ismail Mohamed Kamal said he found it “interesting” that certain quarters implied that the commission acted without approval.

“About us not obtaining approval, it’s ridiculous!” he said.

He said the call by the Cabinet to defer the hike, as announced by Deputy Prime Minister Tan Sri Muhyiddin Yassin yesterday, had not been officially conveyed to SPAD yet, adding that SPAD had only found out about this through media reports.

“The only thing we can do now is wait for official instruction,” he said, adding that such a notice would come from the Cabinet Division, under the Prime Minister’s Department.

It is understood that under the legal terms of its set up, SPAD reports directly to the Prime Minister.

http://www.thestar.com.my/News/Nation/2015/03/22/Cabinet-defers-increase-in-fares-SPAD-disputes-speculation-new-fees-were-announced-without-approval/

FARE HIKE POSTPONED!

SAVED BY THE CABINET! It’s just a postponement but it’s better than nothing…

NST

Cabinet instructs SPAD to postpone fare hike

By RIZALMAN – 21 March 2015 @ 1:10 PM

PAGOH: The Cabinet has asked the Land Public Transport Commission (SPAD) to postpone the implementation of the fare hike for public transportation as the timing is not right.

Deputy Prime Minister Tan Sri Muhyiddin Yassin said the timing of the fare hike would coincide with the implementation of the Goods and Services Tax (GST).

“The Cabinet has discussed the matter and agreed that there is a basis for the hike due to the rising costs of operation and maintenance and the last fare hike was six years ago.

“However, the timing of the hike is unsuitable because, with GST being implemented at the same time, it would further burden the public.

http://www.nst.com.my/node/77369

Hike in taxi, bus fares ‘inevitable’

AFTER THE HIKE IN TAXI AND EXPRESS BUS FARES, KTM RAISES ITS FARES, TOO!

KTM Berhad has announced new fares for its Komuter service, effective May 1. Click for more

Embedded image permalink

 NST

KTM Komuter fares increase, effective May 1

19 March 2015 @ 9:17 PM

KUALA LUMPUR: KTM Berhad (KTM) today announced new fares for its Komuter service with an increase of up to RM7.10, effective May 1.

KTM in a statement said the difference in the rate of new one-way fares compared with existing fares are dependent on the distance of travel from one station to another.

It also informed the new rate of 20 per cent discount for stored value card (ticket) holders, a discount of between 18 per cent and 26 per cent for weekly pass holders and discounts of 19 per cent to 35 per cent for monthly pass holders, depending on the distance travelled.

Meanwhile, the elderly, persons with disabilities and children aged between 4 and 12 years will continue to enjoy concessionary fares at the rate of 50 per cent of the new cash fares.

The new rates are excluded from the Goods and Services Tax (GST).

http://www.nst.com.my/node/77233

SPAD: Hike in taxi, express bus fares

KL-Ipoh bus ticket: RM25.30 instead of RM20.60.
Taxi: RM4 instead of RM3 when you stop one on the road.

RT : M’sia transport regulator says taxi fares to go up 30-40% immediately due to higher operating cost

Star

Thursday March 19, 2015 MYT 1:41:42 PM

SPAD: Hike in taxi, express bus fares

KUALA LUMPUR: Taxi fares will be readjusted on Thursday with budget taxis in the Klang Valley to charge 25 sen every 200m.

According to a Land Public Transport Commission (SPAD) fact sheet, flag-down rates for budget taxis nationwide will remain at RM3, but the distance and time rates will be revised.

The Teks1m cabs, marked by their brown Proton Exora make, will see new flag-down rates upped to RM4, with 30 sen to be charged per 200m.

Express buses on the other hand will see its current fare increase from 9.3 sen per km to 11.4 sen per km from May 15.

According to the fact sheet, this will mean a ticket to Ipoh from KL will cost RM25.30 instead of RM20.60 previously.

The new fare structure is expected to coincide with the new Goods and Services Tax (GST).

The fares of airport and executive taxis remain unchanged.

http://www.thestar.com.my/News/Nation/2015/03/19/Taxis-express-bus-fares-to-go-up/

GAS PRICES WILL RISE BY 2.3% FROM 1 NOVEMBER 2014.

WATCH FOR THE KNOCK-ON EFFECT when we start paying more for the gas we use for cooking and boiling. The man who raised his price from RM5 for a plate of fried noodles to RM5.50 at the start of this year will be sure to charge RM5.80 or more.

The company that made more money in the past year will be allowed to raise the price of gas!

GAS MALAYSIA BERHAD, WHICH POSTED A HIGHER PRE-TAX PROFIT IN THE 2QUARTER OF 2014 (RM63.31M),IS MALAYSIA’S ONLY SUPPLIER OF NATURAL GAS.

Gas Malaysia to raise gas price by 2.3% from Nov 1 – Gas Malaysia Bhd, the country’s sole supplier of natural gas

Gas Malaysia posts higher pre-tax profit in 2Q – Gas Malaysia Bhd‘s pre-tax profit rose to RM63.31 million for …

School bus operators get new warning over price-fixing

THIS IS WHAT TAKES  OUR KIDS AND GRAND KIDS TO SCHOOL.

za

The school bus fare will definitely go up in January 2015 when the new school year begins. Only one question remains: HOW MUCH will the fare go up?

Mohd Rofik Mohd Yusof, president of the Malaysian School Bus Association Alliance (GPBSM)  that has 18,000 bus operators nationwide,  said that they had agreed collectively to increase fares by 30% starting next year.

The secretary-general of the Coalition of School Bus Operators, Md Saad Moha­mad, said that fares would likely rise by RM5 to RM10 in January under a new fare structure. The rates would be finalised by the end of the year.

The Malaysia Competition Commission’s (MyCC) has warned the Malaysian School Bus Association Alliance (GPBSM) that its members cannot collectively decide to increase bus fares.

A warning? So what? We will still end up paying more than ever!

http://www.thestar.com.my/News/Nation/2014/10/24/MyCC-Pricefixing-is-against-the-law-School-bus-operators-get-new-warning/?utm_source=dlvr.it&utm_medium=twitter

This is where I buy sliced fruit and coconut water.The hawker and I have a good rapport. We’re both Hakka, Christian and straight talkers.

Sept, Oct 2014 012

Last week, he told me that after the GST is introduced, he will have to increase his prices.

“Why? You’re not going collect GST from me!” I asked.
He replied, “But my suppliers will ask me to pay them for the GST! I’ll have to get it back from you.”

I think that, next week, he will increase his prices.

The men who deliver his fruits and coconuts and various things will demand an increase in payment due to the increase in RO95 and diesel.

It has just happened in Sabah.

KOTA KINABALU: Retail outlets in Sabah have started increasing the prices of sundry goods by 70 sen to RM1.40, just hours after the latest fuel price hike.

http://www.thestar.com.my/News/Nation/2014/10/04/Prices-shoot-up-overnight-Sabah-retail-shops-add-70-sen-to-RM140-after-fuel-hike/

RON95 has gone up from RM2.10 to RM2.30 a litre. This minister, who is far from poor, doesn’t understand the financial hardships that Malaysians go through!

He thinks a BR1M hike will help. NO, IT WON”T HELP ME or many others like me!

We earn too much to qualify for BR1M but we don’t earn enough to be financially well off. I’m 64 but work, and won’t get BR1M. There are others like me.

The petrol hike will reduce my spending power more. And more and more, as others raise their prices! Hawkers, taxi and bus drivers, etc..

YAHOO! MALAYSIA NEWS

BR1M handouts can compensate for petrol hikes, Khairy says

PETALING JAYA, Oct 2 — A federal minister pointed out today that Putrajaya’s Bantuan Rakyat 1 Malaysia (BR1M) cash handout initiative could help ease the financial burden on poorer Malaysians affected by the latest hike in petrol prices.

Youth and sports minister Khairy Jamaluddin said slashing fuel subsidies is a painful but necessary measure to help facilitate economic reform.

“The issue that we have with subsidies is not that we don’t want to help people but that the current subsidy system favours people who really don’t deserve to get subsidies.

“At the moment, in our subsidy system everybody enjoys the same price… regardless of your income status,” he told reporters here.

https://my.news.yahoo.com/br1m-handouts-compensate-petrol-hikes-khairy-says-063800305.html

THIS IS RICH. THE BIG-SPENDING FLOM ADVISES US TO BE THRIFTY!

On second thoughts, she may be the best person to talk about extravagance!

Video: Rosmah: Cukup, beli 2 pasang baju raya, 3 tin biskut

PRICES IN SABAH!

A reader’s comment

chris 54m

All the prices mentioned above are still consider cheap for Sabahan.Bak kut teh rm10(per person) not including rice(rm1 small bowl),yau char kwai rm1.5,fried tauhu rm1.5.Drink ice milo from RM2.4 onwards hot one rm1.9

EXPERTS ESTIMATE 3.2% INFLATION BUT MINE IS AT LEAST 10%

POLL-Malaysia June inflation seen holding steady at 3.2%: Forecasts of 12 economists ranged from 3.2 to 3.3%. In May, the inflation rate was 3.2%. Inflation has shown some signs of moderating in recent months since hitting more than two-year highs in late 2013 after the government cut subsidies to reduce its high debt burden.

(http://www.thesundaily.my/news/1112701)

IT MAY BE 3.2% IN THE OVERALL PICTURE BUT IT WILL BE FAR HIGHER FOR INDIVIDUALS AND FAMILIES.

OVER THE PAST YEAR, I ESTIMATE THAT MY PERSONAL COSTS HAVE GONE UP BY AT LEAST 10%.

THERE IS SOME GOOD NEWS! The price of my daily Nescafe 2-in-1 KOPI-O hasn’t gone up yet, probably because there is little demand.

It is still RM6.90 for a packet of 15 sachets.

zt

MY PERSONAL EXPERIENCE OF INFLATION COMES FROM MY DAILY AND WEEKLY PURCHASES. And inflation has been terrible!

1. THIS WAS LUNCH. Bakuteh. Yes, pork meat, bones and innards, an add-on and 2 bowls of rice (1 big, 1 small). This costs RM9.20. Too expensive for one person but when shared with my wife, it is affordable. This would have cost RM8.10 a year ago, so it is an increase of RM1.10 or a 13.5% increase.

JoRachel 13 July 2014 022

Look at the prices on the notice.

JoRachel 13 July 2014 020

It says: Bakuteh for one RM7 (it used to be RM6.50); big rice RM1 (up from 70 sen); small rice 70 sen (up from 50sen); yow cha kwai 50 sen (up from 40 sen).

2. LOOK AT THE DRINK. It’s RM1.50 for an iced lengkong! That is up from RM1.30, a 20 sen rise or  15% increase. The cheapest glass I have managed to get is RM1.40 at a place in Ipoh Garden. One place in Ipoh Garden East charges RM1.80!

JoRachel 13 July 2014 024

“Why is it so expensive?” I asked the woman boss.

“Don’t you know the price of sugar? That’s why! Losma wants more profit for sugar ma,” she explained.

Losma? Who?” was my incredulous reply.

“Najib lao po ah, Losmah!”

Oh, Rosmah, Najib’s lao po (wife in Chinese)!

3. WE HAVE TO HAVE FRUIT EVERY DAY, AND PAPAYA IS OUR USUAL. These two slices were 90 sen each, a total of RM1.80. That’s today’s price. Once, I had to pay RM1.20 for a slice, so I bought pineapple instead.

JoRachel 13 July 2014 032

 Papaya used to be 60 sen, so inflation is 33%-66%.

4. A DAILY DRINK OF COCONUT WATER is essential for my wife. It keeps her from getting dizzy on these hot days. I used to buy two packets and we would have one each. Not any longer. I get by without any.

JoRachel 13 July 2014 026

This packet of coconut water costs RM2.00. Two days ago, it was RM1.80. A month back, it was RM1.60. Last year? RM1.50.

There is a place in Bercham that sells a packet for RM1.60 when the others charge RM1.80, and RM1.80 if the others chargeRM2.00. He was closed today and yesterday. No coconuts, so he stays closed.

The stall owner I normally patronise worries about his supply. He asked for 300 coconuts but got 100. Puasa month and the coming Raya means a shortage.

I just pay what he wants, as he has to pay his supplier what the guy wants, or my wife goes without coconut water.

5. SOMETIMES, THIS IS AFTERNOON TEA. Kaya puff with pandan filling.

JoRachel 13 July 2014 029

It is RM1.50 each but if you buy two, you pay only RM2.00, a saving of RM1 for two.

It was 60 sen each last year, and at the beginning of this year, it shot up to 80 sen, and at Chinese New Year it was RM1.

COME BACK FOR MORE. I SHOW YOU JUST HOW SERIOUS INFLATION IS!

———————————————————————-

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This entry was posted in falling ringgit, GST and inflation, inflation malaysia and tagged , , , . Bookmark the permalink.

One Response to Since May 2018, with a new Government and no GST, will prices fall?

  1. chris says:

    All the prices mentioned above are still consider cheap for Sabahan.Bak kut teh rm10(per person) not including rice(rm1 small bowl),yau char kwai rm1.5,fried tauhu rm1.5.Drink ice milo from RM2.4 onwards hot one rm1.9

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