Veggie prices expected to stabilise in March, after monsoon ends, says Mat Sabu

TUMPAT: Vegetable prices are expected to stabilise by March next year, following the end of the northeast monsoon season, says Datuk Seri Mohamad Sabu. The Agriculture and Food Security Minister said that unpredictable weather patterns have led to a reduced vegetable supply, thus causing a surge in prices. "Every monsoon season, this issue arises, and we have...

Industry players gave assurances of sufficient egg supply before price drop, says Fuziah

PETALING JAYA: The government received assurances from industry players that the supply of eggs in the market was sufficient before announcing the reduction of egg prices by 3sen for Grades A, B and C, says Fuziah Salleh. The Deputy Domestic Trade and Cost of Living Minister told Malay language daily Sinar Harian that the production of...

SST hike: Youths get thrifty as they feel the pinch

PETALING JAYA: Young adults are learning to get thrifty in their spending as they begin to feel the pinch on their wallets a week into the sales and service tax (SST) hike earlier this month. Business development consultant Timmothy Chan, 27, lamented that his monthly expenses had increased by almost 10% due to the increased prices...

Restore Labuan’s full duty-free status, businesses urge govt

The Labuan Chinese Chamber of Commerce (LCCC) has urged the federal government to reinstate the island’s full duty-free status to boost its appeal to visitors. Its president Wong Kii Yii said that despite previous efforts, including letters to relevant authorities, the government has yet to heed their plea. Wong emphasised that Labuan’s current duty-free status fails to...

Sugar industry crash imminent if price structure not reviewed, says Fuziah

KUALA LUMPUR: The nation's sugar industry will "crash" if its current price structure is not reviewed, says Fuziah Salleh. The Deputy Domestic Trade and Cost of Living Minister said a review is necessary to avoid a looming crisis, adding that the review was in its final stages. She explained that the country's two largest sugar producers –...