Archive for the ‘Consumerism’ Category

Inclusive economy to boost people’s purchasing power

Wednesday, October 31st, 2018
Deputy Economic Affairs Minister Dr Mohd Radzi Md Jidin said the government wanted to achieve that by focusing on increasing workforce productivity, quality investment and innovation. NSTP/ASWADI ALIAS.

KUALA LUMPUR: The government seeks to create an inclusive economy that would boost the people’s purchasing power.

Deputy Economic Affairs Minister Dr Mohd Radzi Md Jidin said the government wanted to achieve that by focusing on increasing workforce productivity, quality investment and innovation.

He said the government was confident that economic policy would increase the country’s economic growth and thus boosts the people’s buying power.

“The government policy focuses on balancing the objective of strengthening fiscal position and emphasise economic growth to address market and investor sentiment.

“The government will give specific focus on boosting the people’s confidence on economic prospects via increase in workers’ compensation to the Gross Domestic Product (GDP) and thus increase the people’s purchasing power,” he said at the Dewan Rakyat today.

He was answering a question from Datuk Seri Bung Mokhtar Radin (BN-UMNO-Kinabatangan) on plans and efforts by the government to ensure Malaysia’s economic stability and boost the people’s buying power as a whole.

By Hidir Reduan Abdul Rashid .

Read more @ https://www.nst.com.my/news/government-public-policy/2018/10/426533/inclusive-economy-boost-peoples-purchasing-power

Prices of items have fallen since SST introduced, says Deputy Minister

Wednesday, October 17th, 2018

KUALA LUMPUR: The prices of 70% of goods surveyed have gone down since the implementation of the Sales and Service Tax (SST) on Sept 1, says Domestic Trade and Consumer Affairs Deputy Minister Chong Chieng Jen.

“An analysis of price changes was done, comparing average prices between May and September this year. On the whole, 70% or the prices of 291 items was reduced, while 27% or 115 items saw prices increasing and three percent or 11 of items saw no changes in prices,” he said when answering a question raised by Datuk Alexander Nanta (PBB-Kapit) in Dewan Rakyat on Wednesday (Oct 17) .

He said the price survey was done on a total of 417 household items covering fresh produce, dried and packed foodstuff, as well as infant food and products.

Chong said the prices for the 291 goods were reduced by an average of between 0.11% and 37.61%.

Chong informed the House that 146 notices were issued to traders that were suspected of profiteering, of which about 100 had flouted regulations.

On that note, a brief shouting match ensued between several Barisan Nasional Opposition MPs and Pakatan Harapan MPs.

The commotion was sparked by Datuk Ahmad Maslan (BN-Pontian) who called for another price survey, as the present was done during the tax Goods and Services Tax (GST) holiday before the implementation of the SST.

He noted that survey was done based on manufacturers’ supply of previous stock of goods, and not on current supply.

To this, Chong reminded Ahmad that he had earlier acknowledged that it was too premature to assess the impact of the SST on prices of goods.

by martin carvalhorahimy rahim,  and fatimah zainal
Read more @ https://www.thestar.com.my/news/nation/2018/10/17/prices-of-items-have-fallen-since-sst-introduced-says-deputy-minister/#fgPhyxrRAglix2mb.99
Read more at https://www.thestar.com.my/news/nation/2018/10/17/prices-of-items-have-fallen-since-sst-introduced-says-deputy-minister/#fgPhyxrRAglix2mb.99

Govt to impose levy on import of plastic waste starting next month

Saturday, September 29th, 2018
Housing and Local Government minister Zuraida Kamaruddin said plastic waste importers would have to adhere to the new criteria which was drawn out by the ministry following the three months freeze of their Approved Permits (AP). BERNAMA photo

SHAH ALAM: The government will impose a levy on the import of plastic waste by local industry players into the country beginning next month.

Housing and Local Government minister Zuraida Kamaruddin said plastic waste importers would have to adhere to the new criteria which was drawn out by the ministry following the three months freeze of their Approved Permits (AP).

The freeze, which took effect in late July due to air pollution stemming from illegal factories processing plastic waste in Kuala Langat and the discovery of AP holders renting out the license to second and third parties, ends on Oct 23.

Zuraida said the freeze would not be extended and importers would have to comply to other new and stringent criteria, on top of having to fork out money for bringing in the plastic waste from foreign countries.

“We will impose a levy on the import of plastic waste at RM15 a tonne. It will start after Oct 23 and applicants will have to comply with that. I heard it (plastic waste) is a lucrative business.

“We have carried out discussions with the industry players and they have somewhat given an indication that they agreed to that. We have discussed this with them before making the decision,” said Zuraida today after chairing a coordination meeting at the Kuala Langat Municipal Council (MDKL) where she addressed the issue of illegal factories processing plastic waste which have caused air pollution, endangering the lives of the local community.

Charging such levy, added Zuraida, has never been done before and materials that come into the country were never checked by the Customs too.

“Now, one of the criteria is for the AP to tally with the approval given by the Customs Department. I urge the department to be more strict and that will be (one of) the factors in monitoring the importers.

“That is why in this meeting (today), there are feedbacks that plastic waste are imported and being given to illegal factories,” said Zuraida.

She said applicants of the APs from Oct 23 onwards will be required to furnish additional criteria such as the names of companies importing and exporting the plastic waste to reflect the authenticity of the business, adherence to the apacity and storage of raw materials, approval from the Department of Environment as well as housekeeping of the premises subjected to checks by the National Solid Waste Management Department (JPSPN).

Meanwhile, Zuraida revealed that there were 54 factories processing plastic waste operating in the Kuala Langat municipality, out of which 13 are licensed after it were legalised by the state government.

Zuraida ordered a meeting to be held with all parties to be held on Oct 2 at the local council’s office and it will be chaired by the JPSPN director-general Ismail Mokhtar.

“In the Oct 2 meeting, discussions would revolve around finding ways to dispose the existing plastic waste at the illegal factories, taking over of the materials from the unlicensed parties by licensed factories and the time frame of the actions,” she said.

By Dawn Chan.

Read more @ https://www.nst.com.my/news/government-public-policy/2018/09/414831/govt-impose-levy-import-plastic-waste-starting-next

Consumer group wants stricter regulations on sale of health juices

Wednesday, September 26th, 2018
The government should make it mandatory for supplements to be inspected and approved by the Health Ministry before the products are allowed to enter the market, Consumers’ Association of Penang (CAP) said today.

GEORGE TOWN: The government should make it mandatory for supplements to be inspected and approved by the Health Ministry before the products are allowed to enter the market, Consumers’ Association of Penang (CAP) said today.

This comes following the ministry’s ban on three health juices – Jus Al Sunnah, Jus Al Sunnah Gold and Jus Al-Sunnah Penawar – produced by Sri Saga Marketing Sdn Bhd, a company which does not exist.

Its president S.M. Mohamed Idris said the only way to stop these products from being sold in the market was for the ministry to impose stricter regulations.

“As such, we ask that it be made mandatory for supplements to be inspected and approved by the ministry before they are allowed to enter the market.

“In the case of the Jus Al Sunnah products, the ministry also has to send out its enforcement officers to confiscate the products instead of waiting for retailers to hand over their stocks, and also to promptly withdraw all similar products from the market.

“We are extremely disappointed that the ministry is only doing this now which shows its lackadaisical attitude towards the people’s health and safety… There are so many things wrong with this Jus Al Sunnah situation,” he said.

Elaborating, Idris said the products had already been banned in several countries after they were found to contain steroids.

“Singapore had already banned the products in 2017. Brunei had stated clearly on June 9, this year on their website why the three Jus Al Sunnah juices as well as three other products manufactured in Malaysia were banned.

“CAP has also highlighted this issue to the ministry’s Food Safety and Quality Division and Pharmaceutical Services Division in our letter dated June 27, this year. Why did the Health Ministry wait so long to ban these dangerous products?

“One might also ask how such dangerous products even made it into the market. The answer is that supplements are not classified as medicines and thus do not need to be inspected by the Pharmaceutical Services Division.

“Instead supplements are labelled as food products… Therefore any action is always taken after the products are found to have violated provisions of the Food Act 1983,” he added.

Idris said, even though the Health Ministry was the proper authority in this matter, at least in this case, other ministries should also be held responsible.

He added that the Jus Al Sunnah products were made to be marketed to Muslims.

“The name of the product itself, ‘Al Sunnah’, is a clear indication that the masterminds behind this venture had commercialised Islam to target Muslim consumers.

“More importantly Muslims look for the official Halal label on products to determine if they are permissible, and the Jus Al Sunnah products had the official label,” he said, noting that the official label could also be easily be printed on products to fool Muslim consumers.

By Audrey Dermawan.

Read more @ https://www.nst.com.my/news/nation/2018/09/415210/consumer-group-wants-stricter-regulations-sale-health-juices

A ticking time bomb

Sunday, September 23rd, 2018
Turkey is still struggling to stabilise its lira. AFP PIC

GEORGE Soros, Bill Gates and other pundits have been predicting another financial crisis.

In their recent book, Revolution Required: The Ticking Bombs of the G7 Model, Peter Dittus and Herve Hamoun, former senior officials of the Bank of International Settlements, warned of “ticking time bombs” in the global financial system waiting to explode, mainly due to the policies of major developed countries.

Recent events vindicate such fears. Many emerging market currencies have come under considerable pressure, with the Indonesian rupiah, Indian rupee and South African rand all struggling since early this year. Brazilian real fell sharply in June, and Argentina has failed to stabilise its peso despite seeking International Monetary Fund (IMF) aid. As Turkey struggles to stabilise its lira, many European banks’ exposure has heightened fears of another global financial crisis.

Why the vulnerability?

Some fundamental weaknesses are at the core of this vulnerability. These include the international financial “non-system” since the collapse of the Bretton Woods system in 1971, and continuing to use the United States dollar as the main international reserve currency.

This burdens deficit countries vis-à-vis surplus countries and ensures near-universal vulnerability to the US monetary policy. Thus, most countries accumulate dollars as a precaution, that is, for “protection”, eschewing other options, such as investing in socially desirable projects.

Policymakers not only failed to address these weaknesses following the 2008-2009 global financial crisis (GFC), but also compounded other problems. Having eschewed stronger, more sustained fiscal policy interventions, monetary policy virtually became the sole policy instrument. Major central banks, led by the US Federal Reserve, embarked on “unconventional monetary policies”, pushing real interest rates down, even into negative territory.

Emerging and developing economies (EDEs) offering higher returns temporarily experienced large short-term capital inflows. The external debt of emerging market economies has grown to over US$40 trillion (RM165.6 trillion) since the GFC. The combined debt of 26 large emerging markets rose from 148 per cent of gross domestic product (GDP) at the end of 2008 to 211 per cent in September last year, according to the Institute of International Finance (IIF).

Easy money raised household and corporate debt, fuelling property and financial asset price bubbles. According to IMF April 2018 Fiscal Monitor, global debt peaked at US$164 trillion in 2016, or 225 per cent of global GDP, compared with 125 per cent before the GFC. The IIF reported that global debt rose to over US$247 trillion in early 2018, that is, equivalent to 318 per cent of GDP.

Rising debt levels pose serious downside risks for the global economy. With easy money coming to an end, as the Fed continues to “normalise” monetary policy by raising the policy interest rate, capital flight to the US is undermining emerging market currencies. When debt defaults increase with interest rates while income growth remains subdued, the world becomes more vulnerable to financial crisis.

Both developed and developing countries have less policy space than during the GFC. Most governments are saddled with more debt following massive financial bail outs followed by abandonment of efforts to sustain robust recovery.

According to the IMF’s April 2018 Fiscal Monitor, average public debt of advanced economies was 105 per cent of GDP in 2017, constraining fiscal capacity to respond to crisis. Meanwhile, monetary policy options are exhausted after a decade of “unconventional” monetary policies.

General government debt-to-GDP ratios in emerging market and middle-income economies almost reached 50 per cent in 2017 — a level only seen during the 1980s’ debt crisis. The 2017 ratio exceeded 40 per cent in low-income developing countries, climbing by more than 10 percentage points since 2012.

Playing With Fire by Yilmaz Akyuz, former South Centre chief economist, has highlighted the self-inflicted vulnerabilities of developing countries. Public debt-GDP ratios in EDEs are likely to rise due to falling commodity prices and stagnant global trade, while they have almost no monetary policy independence due to deeper global financial integration.

While corporate sectors have been busy with mergers, acquisitions and share buybacks with cheap credit, instead of investing in the real economy, the financial sector has successfully portrayed sovereign debt as “public enemy number one”.

Held hostage to finance capital, governments around the world have wasted the opportunity to improve productive capacities by investing in infrastructure and social goods when real interest rates were at historic lows. At around 24 per cent of global GDP, the global investment rate remains below the pre-crisis level of around 27 per cent, with investment rates in EDEs either declining or stagnant since 2010.

Failure to address the falling wages’ share of GDP, rising executive pay and asset price bubbles, due to “easy” monetary policy, have continued to worsen growing income inequality and wealth concentration. Meanwhile, deep cuts in government spending and public services, while reducing top tax rates, cause anger and resentment, often blamed on “the other”, contributing to the spread of “ethno-populism”.

In turn, growing inequality limits aggregate demand, which has been maintained by unsustainably raising household debt, that is, perverse “financial inclusion”.

Turbulence in currency markets is due to developing countries’ limited economic policy space. A decade after the GFC, developing countries still experience lower growth and investment rates.

Financial sectors of emerging market economies now have more and deeper links with international financial markets, also reflected in high foreign ownership of stocks and government bonds, with large sudden capital outflows causing financial crises.

By ANIS CHOWDHURYJomo Kwame Sundaram.

Read more @ https://www.nst.com.my/opinion/columnists/2018/09/413926/ticking-time-bomb

‘SST’s impact on prices of goods not significant’

Tuesday, September 18th, 2018
(Stock image for illustration purposes) “The SST caused some of the prices of items to go up, but it depends on the type of goods and services.”

KUALA LUMPUR: Kuala Lumpur Hawkers and Petty Traders Association (KLHPTA) said the implementation of the Sales and Service Tax (SST) has no significant impact on prices of goods sold by hawkers and traders.

KLHPTA chairman Datuk Ang Say Tee said the change of taxation also did not cause a sharp rise or fall of prices.

“The SST caused some of the prices of items to go up, but it depends on the type of goods and services

“The impact of (SST) is not so significant to the hawkers’ and traders’ businesses,” he said at a press conference on the Mid-Autumn Festival at Central Market here today.

He also acknowledged that through SST, the profit generated by traders and petty hawkers was not as big as during the implementation of the Goods and Services Tax (GST) system.

Ang said, however, that hawkers and traders were more burdened with the Ringgit currency drop and the new minimum wage had yet to be implemented.

“As the minimum wage level has remained unchanged, and with the implementation of the tax system, the people’s purchasing power has become weaker and this impacts sales revenue,” he told reporters after announcing the annual Mid-Autumn Festival programme which would be held on Sept 22 in collaboration with Central Market.

By Amira Eizan AzmanZarul Fitri Muhd Zamrie.

Read more @ https://www.nst.com.my/news/nation/2018/09/412578/ssts-impact-prices-goods-not-significant

2019 Budget offers chance for reform: experts

Monday, September 10th, 2018
PH likely to boost spending efficiency, focus on people’s welfare, say experts. (File pix)

ECONOMISTS and market observers say the 2019 Budget, the first under the Pakatan Harapan (PH) government, presents an opportunity for an overhaul and reform of the economy.

Scheduled for tabling in Parliament on Nov 2, the budget would likely be less than the RM280.25 billion “mother of all budgets” tabled last year by Datuk Seri Najib Razak.

Prime Minister Tun Dr Mahathir Mohamad had said the 2019 Budget would entail many sacrifices as the government grappled with reducing more than RM1 trillion in debts and liabilities it inherited from the previous administration.

“This budget is of sacrifice, everyone will have to sacrifice,” he said in an interview published yesterday.

“We can’t spend more than our earnings. We can’t entertain all sorts of requests. We have to accept that we must sacrifice.”

Responding to Dr Mahathir’s comments, Asian Strategy and Leadership Institute’s Centre of Public Policy Studies chairman Tan Sri Ramon V. Navaratnam said Malaysians must “cut a coat according to one’s cloth”.

“Squeezing the budget is good only if and when you squeeze it in the right places. The strategy should be to do more for the poor and incentivise the rich to boost the economy and generate employment quantitatively and qualitatively,” he told NST Business.

Ramon said monopolies, protective policies and race-based programmes should be reduced, if not removed altogether, albeit in stages.

“We need more competition, meritocracy and higher productivity that can be incentivised through more modern, updated and enlightened fiscal and monetary policies, and practices that are balanced and more equitable.”

Ramon said instead of mild fiscal adjustments and tinkering with the system, this year’s budget initiatives should go all out against corruption, wastage and cronyism.

“The government must focus on the poor regardless of race. The rich should not be pampered but encouraged to do better via more liberal policies.”

Ramon said income inequality was a serious issue in Malaysia, made worse by rising inflation.

Sunway University Business School economics Professor Dr Yeah Kim Leng said the likely lower 2019 Budget was in line with lower-than-expected revenue due to the change from the Goods and Services Tax (GST) to the Sales Tax and Services Tax (SST).

He said one of the key challenges included how the government could increase its spending efficiency, delivering the same quality of services with a lower budget.

“This can be achieved by reducing wastages and leakages.”

Yeah said to meet the people’s expectation — in terms of cost of living, including welfare and economic support — the government would likely prioritise social and economic sectors.

“Spending on social programmes, such as education, healthcare and support for the low-income group, will continue to be the priority.”

The government has reviewed some mega infrastructure projects since taking over.

He said the government should look at how to enhance the workforce’s productivity and ability to increase wages to reduce the inflationary pressure in property, education and healthcare.

AmBank group chief economist and head of research Dr Anthony Dass said the 2019 Budget adjustment would likely be about optimising expenditure and reprioritising investments.

“This can lower public debt and balance the fiscal book.

“The government will need to optimise its expenditure by focusing on priority projects or
investments that trickle down positively to the market and people.”

He said there would be limited room for incentives in the form of tax cuts for both households
and businesses, probably some indirect tax incentives for the middle income and below households.

“To lower the high operating expenditure compared with
development expenditure, among the key areas will be strong enforcement, which will reduce leakages and bribery, and put a cap on discretionary spending.

“The need to work closely with the private sector is vital in creating more jobs for Malaysians. Focus on foreign direct investments should be on those who can bring in more value-added investments. There should not be special privileges for specific countries.”

MIDF Research chief economist Dr Kamaruddin Mohd Nor said people-related projects would likely be prioritised.

“Targeted programmes to address and improve the wellbeing of B40 and M40 groups will continue to be implemented.”

Read more @ https://www.nst.com.my/news/nation/2018/09/410049/2019-budget-offers-chance-reform-experts

What public wants from doctors

Wednesday, September 5th, 2018

Doctors must be held accountable for every action they do or not do, and for every advice given or not given. REUTERS PIC
By DR JOHN TEO - September 5, 2018 @ 9:20am

THE public wants doctors to be well trained so that they can make quick diagnosis, give the right advice and start treatment to cure them instantly.

They want doctors to train in prestigious institutions for five to six years, at a cost of at least RM1 million, if not more.

They want the universities training doctors to be staffed with the best, most experienced and knowledgeable professors and lecturers, and equipped with the best teaching hospitals and facilities.

After all, they are going to be the future of our medical profession and backbone of the healthcare system.

For good measure, they also want the brightest students to enter the medical faculty — those with all 9A+s and above, and they want them to be passionate about healing and helping others. No half-baked students doing medicine — we definitely cannot have that!

Once the students graduate, the public wants them to have all the experience that they can get, be taught by the most senior doctors and be exposed to the most complex of patients’ problems and how to manage them.

They want them to work long hours, see patients all the time, meet all types of patients and gain as much experience as possible during at least two years of housemanship, if not more.

At the end of every posting, they must have assessment to ensure they are well trained and taught, if not they will be retained.

After that, they must do medical officer postings, some in major hospitals and others in districts for at least another three to four years — all this so they can be competent and safe doctors, or go through the Family Medicine programme and rotate with other doctors on major postings for another five years. Additionally, it would be five years, with medical examinations, to be a good and qualified doctor.

Once in private practice and on their own after more than 10 years of training, at least, and deemed safe and competent, the public wants these doctors to help the community.

They want them to be ethical, provide the best of services and facilities, and be available at all times. For that, they demand 24- hour clinics, and doctors be available in the clinic at all hours and contacted by phone, WhatsApp or Telegram to answer patients’ queries. And the hours can be during lunch or dinner, or even bedtime — any time the patient feels worried or when something is troubling them.

To top it off, they want these consultations to be free. Sometimes, they even ask on behalf of their friends or relatives.

For good measure, they slap 33 laws and any other imaginable regulations on doctors and their clinics and make sure they are perfect, and send enforcement personnel to check on them so that doctors do not stray even 1mm off their mark.

They also want to make sure every clinic is up to mark with impeccable services and standard operating procedures are strictly adhered to.

And if these are not dutifully adhered to, we slap them with a heavy fine or even send them to jail. This is indeed a serious profession and we hold them to the highest standards.

Sometimes, we even sue them for millions of ringgit if we feel that we have suffered much.

After all, we are talking about healthcare here — someone’s life, someone’s livelihood and someone’s future. Doctors must be held accountable for every action they do or not do, and for every advice given or not given.

Finally, of course, for all these, their fees must be affordable as healthcare is a right. So, RM10 to RM15 per consultation is reasonable and, of course, only if there is medicine prescribed.

By DR JOHN TEO.

Read more @ https://www.nst.com.my/opinion/letters/2018/09/408412/what-public-wants-doctors

Shellfish, salted fish are exempted from SST

Tuesday, September 4th, 2018

PUTRAJAYA: Seafood categorised as crustaceans and molluscs are exempted from the 10 per cent Sales and Services Tax (SST) effective immediately, said Finance Minister Lim Guan Eng.

He said raw ingredients that came under the two categories included shrimps, lobsters, squids, oysters, scallops, clams, cockles, ark shells, mussels and abalones.

The exemption was made following complaints from the public that questioned why a 10 per cent SST was imposed on foods not considered as luxury items such as shrimps, crabs and prawns.

“These items were taxed at 10 per cent as they were lumped together with premium seafood such as abalones,” he told a media conference here on Monday.

Lim said he had directed the Customs Department to exempt immediately these seafood items.

“I thought the list only included premium items but apparently, there were also non-luxury ingredients that are used in nasi kandar and char kuey teow,” he said, quipping that the two local dishes were among his favourites.

Lim said although the exemption also covered luxury items such as abalones, a review of the list would be carried out from time to time until year-end.

“We will see whether we will remove (abalones) and impose SST on abalones and other items. For the time being, let’s do a one-shot (exemption of all products under the categories),” he explained.

Customs Deputy Director-General Datuk Paddy Abdul Halim, who was present at the media conference, said a gazette had been issued in relation to the Sales Tax (Rates of Tax) Order 2018 and Sales Tax (Goods Exempted From Tax) Order 2018.

He said “Guide on Proposed Sales Tax Rates for Various Goods” uploaded to the mysst.customs.gov.my portal had a list of 3,564 goods as a point of reference for consumers and industries.

“However, it is not an exhaustive list on goods that are taxed and tax-exempted. The guide comprises only common consumer goods,” he noted.

Paddy said the guide would be updated from time to time and would be replaced with “Guide on Sales Tax Rates for Various Goods” according to the laws and orders gazetted.

He also conveyed the Customs Department’s apology on the issue of salted fish and admitted the department had overlooked the exemption of the products from the 10 per cent SST as directed by Lim.

“The department apologises for the mistake and will issue an exemption order immediately as instructed. Traders are requested not to collect SST for salted fish,” Paddy said.

BERNAMA.

Read more @ http://www.newsabahtimes.com.my/nstweb/fullstory/26446

All smooth sailing as SST commences

Sunday, September 2nd, 2018
Going’s good: A sign displaying the implementation of SST at a supermarket.

Going’s good: A sign displaying the implementation of SST at a supermarket.

PETALING JAYA: It was a smooth transition on the first day of the Sales and Service Tax making a comeback, with no major changes in the prices of goods and essential items.

Businesses faced no problems switching their systems to affect the SST, which was implemented after a three-month tax holiday declared by the Pakatan Harapan government.

The new government zero-rated the Goods and Services Tax on June 1.

Most of the supermarkets and restaurants maintained their prices yesterday as they were using old stocks obtained during the tax holiday.

Thillai Govindrajin, 40, who works in the logistics sector, said he did not feel the change in prices but hoped that the authorities would be transparent and show if there was any difference in prices for items sold in supermarkets.

“It will be easier for consumers to see if there is any difference. However, we understand that it takes a bit of time to switch over to the new system.

“We hope that the prices of goods will not go up too much,” he said here yesterday.

Muji Khan, a supermarket supervisor in Taman Tun Dr Ismail, said the outlet would maintain the prices of its products because it had yet to receive any notice from its headquarters to revise the pricing.

“We are still waiting for further information from suppliers on the new prices.

“At the moment, we are using the same price,” he said.

Malaysian Retail Chain Association president Datuk Gary Chua said it did not receive any complaints from members and the switchover to the new system had been relatively glitch-free.

“It is just a simple switch back to the old system, so there is no issue. Unlike GST, we had to do a lot of monitoring and some of us even needed more manpower. It also cost a bit more due to the software change,” he said.

Federation of Malaysian Consumers Associations deputy president Mohd Yusof Abdul Rahman urged consumers to arm themselves with information on the market prices so they could make smart choices.

“If they feel they are cheated, please lodge a report with the relevant bodies,” he said.

Customs Department director-general Datuk Seri Subromaniam Tholasy said in general the transition had been smooth across all sectors.

“For the import side, it went smoothly because we had updated the system at midnight from the zero-rated GST to SST.

His department, he added, would embark on Ops Bimbing to educate business operators on the compliance with the new ruling, instead of going hard on them.

“There will be no hard enforcement, just visits to advise them so they understand the system and can transition smoothly,” he said.

In Penang, Sunshine Wholesale Mart Sdn Bhd retail operations director Yee Kam Ming said its stores still sold goods at zero-rated GST prices pending quotations from manufacturers.

“We are still awaiting the latest prices from manufacturers and selling our present stocks at the old prices.

“By the end of this month, we should know the new pricing and adjust accordingly,” he said.

By Rahimy Rahim
Read more @ https://www.thestar.com.my/news/nation/2018/09/02/all-smooth-sailing-as-sst-commences-there-was-no-hue-and-cry-with-the-changeover-but-only-time-can-t/#JIB88B80eFvSllZd.99