Monday, April 27, 2015

Forth Week After GST Implementation

Two weeks ago, I went to a bakery to look for sweet potatoes bread. Few months back, I remember the price was RM5.50/loaf. I was surprised to see the new price tag RM6.80/loaf (inclusive of GST). No wonder, there's quite a lot of sweet potatoes bread left... I decided not to buy the sweet potatoes bread too. Not because I can't afford it but I strongly disagree with the way some businessman running their business. 

Last weekend, hubby and me went to one of the local kopitiam for kolo mee and tea-c. The kolo mee still the same price, RM3.00/bowl. The kolo mee operator complained that she absorbed some of the additional cost such as soy sauce and raw kolo mee. I think if she increase the price by RM0.20, as a consumer, I still can accept it. For the tea-c, hubby and me were surprised that the price had gone up to RM1.50/small cup from the RM1.20/small cup. An increment of 25%!

Today's lunch, I went to one of the local restaurant which I used to go at least once a month. From the menu, I saw that the food's price all increased by RM0.50/plate. On top of that, this restaurant still charge 6% GST! No wonder I saw there's so much less customers compare to before... I am planning to reduce my visit to this restaurant... Again, not because I can't afford it, but because I believe, as a consumer we need to be smart. 

I have more to share but let's save it for my next post...

Update on 23 May 2015:
Today I visited the same bakery again. I noticed the price tag is now RM5.80/loaf (inclusive of GST) for sweet potatoes bread. This new price is more reasonable. Hubby asked me if I saw the price wrongly last month. But, I am sure I saw the price correctly. Anyway, this is great to know.

Thursday, April 23, 2015

KWSP@EPF Full Withdrawal Stays At 55

This week, the hot topics for many Malaysian is on the 'Enhancement Initiatives of EPF Scheme'. Among the initiatives is to raise the full withdrawal to 60 from the current 55. From 21 Apr till 5 May 2015, KWSP@EPF is inviting its member to contribute their opinion through the online survey by logging in to i-Akaun. Since I am an i-Akaun user, so, last night I took some time to log-in, to further understand the enhancement scheme. 

Among the questions asked is whether the member agree or disagree to raise the current full withdrawal age to 60 years old. Of course I disagree because I think at 60, I will be too old to enjoy my retirement fund. Other than this, KWSP@EPF also shared a few options to maximize its members' retirement fund. The survey consist of a few sections with clear explanation and example on some of the questions asked. I spent about 30mins to complete the survey. I find that it is important to further understand the meaning of the question ask by clicking on the explanation and examples provided. Because, a sentence might not be able to give a clear picture of the actual meaning of that question. At the end of the survey, member is given an opportunity to leave a comment.

Overall, I would say KWSP@EPF had done a great job in creating the online survey to gather feedback from its member. And as at today, more than 50K member had responded to the online survey.

Based on the survey, today, Prime Minister had also announced that KWSP@EPF full withdrawal stays at 55. You can read the article here.

I would still strongly encourage you to participate in the survey. 

Wednesday, April 8, 2015

First Week of GST Implementation

Today marks the first week of GST implementation in Malaysia. This is the hottest topic at the moment. Within this week, hubby grumbled a few times about some coffee shop who had increased their price. As for me myself, I noticed some cafe and kopitiam also had increased their price of foods. And on top of the new price, some also impose GST 6% on the bill. It is obvious that some of the shop operators are taking advantage of GST implementation to increase the price of their food. At one of the kopitiam, hubby asked the shop operator why the tea-c which was priced at RM1.30 before is now RM1.50 (15% increment)? The shop operator replied, it was because the price of evaporated had increased. Hubby shared with me some simple calculation. Let's assume, a can of evaporated milk which cost around RM3 can produce 10 cups of tea-c, then the new price of the evaporated milk would be RM5! That is ridiculous! 

A friend who had a bowl of kolo mee (Kuching local noodle) during the weekend complained that the price had increased from RM3.00 to RM3.50. That is almost 17% increment!

I am wondering if we can complain to KPDNKK for the 2 cases above...

That's just 2 stories from me for the first week of GST implementation.

Isn't it GST supposed to reduce the burden of the rakyat?