Inflation
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Tuesday, 29 May 2007

Probably just the tip of the iceberg

From The Star

RM22,500 fine for selling Milo at RM1.80 

KUALA TERENGGANU: Traders had better think twice before raising prices following the recent pay rise for civil servants. 

A mamak restaurant here, which charged RM1.80 for a glass of iced Milo – about 20sen to 30sen more than the usual price – has been hit with a RM22,500 compound fine. 

As a deterrent to others, enforcement officers from the Domestic Trade and Consumer Affairs Ministry also seized food and drinks worth about RM750 and tore down the shop’s signboard. 

State enforcement chief Abdul Ghani Harun said the fine was the maximum for the offence and the operator had 14 days to settle the summonses. 

“This is the first time that the state enforcement squad had meted out the maximum penalty against a trader for failure to display the price of goods and for indiscriminately increasing the price,” he said. 

In Banting, Selangor, Domestic Trade and Consumer Affairs Minister Datuk Mohd Shafie Apdal said its enforcement officers had inspected 15,206 premises since the pay rise was announced.

Teh tarik to cost 10 sen more

BUKIT MERTAJAM: Teh tarik and other beverages containing condensed milked will cost 10 sen more now in Penang, Kedah and Perak. 

Malaysian Muslim Restaurant Operators Association president K.K. Sihabutheen said this was enforced recently at all major nasi kandar outlets in the northern states and the price increase, agreed upon by the association’s 150 members, was also for drinks like Milo, coffee and Horlicks. 

The rise in the price of condensed milk led to the hike, he said.  

“A carton of 48 tins of condensed milk costs RM108.85 compared to RM99.85 a year ago. Our selling price of teh tarik is still low, almost the same as the hawker’s price,” he said.  

He was speaking after a dialogue between Domestic Trade and Consumer Affairs Committee chairman Lau Chiek Tuan and association members here yesterday. 

Sihabutheen said the roti canai price would remain at 60 sen per piece despite the recent the increase in all-purpose wheat flour price. 

“We have been selling roti canai at 60 sen for the past 12 years, the cheapest in the country. We only make a profit of one sen as the cost to produce each piece is 59 sen,” he said.  

The price of roti telur (roti canai with egg) would also be maintained at RM1.30 following a request by the Domestic Trade and Consumer Affairs Ministry, he said.  

Sihabutheen said members had complained that the prices of several essential goods had gone up over the last two years. 

“A 50kg tank of cooking gas has gone up from RM82 to RM145, while a 17kg tin of cooking oil is now RM50 compared to RM33. 

“A kilo of margarine is up 30 sen from RM2.20. A kilo of dhal is now RM2.24 compared to RM1.80 previously, while a kilo of spices is up by RM1 from RM8,” he said. 

By the way, since when did Air Asia had fuel surcharge and administration fee added to its ticket price? I was checking out the price for tickets to Kota Kinabalu, and here's the breakdown

1 Guest  @ 49.99     49.99 MYR
Airport Tax                   6.00 MYR
Administration Fee      21.00 MYR
Fuel Surcharge           40.00 MYR
Super Grand total     
116.99 MYR

I wonder what kind of administration fee we are talking about here? 
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