MIRI: There has been a multi-fold increase in prices of foodstuff and drinks in Sarawak after the fuel price increase two months ago. A random check showed that iced milo and iced lemon tea is now sold at RM2.30 a glass in some outlets compared to the previous price of RM1.50. The price of a bowl of wantan mee had also shot up. In some outlets, dry wanton mee is sold at RM4 compared to RM2.50 previously. A bowl of plain kolok mee is priced between RM2.50 to RM3 compared to RM1.70 before. A plate of economy rice (with two vegetables and one meat) now costs between RM4 and RM5. Only a handful of outlets are selling economy rice at RM3 to RM3.50, which is the old price. Prices of wet market products have also shot up. Pork costs RM15 per kg, an increase of RM3. Restaurants and high-class coffeeshops selling food with pork as its main ingredient have raised prices as well. A plate of char siew rice at a renowned coffeeshop near the city has increased from RM3.50 to RM5.
TODAY
Government says yes to bus fare hike
PUTRAJAYA: The Government has agreed to increase stage and express bus fares but has not decided on the quantum. Entrepreneur and Cooperative Development Minister Datuk Noh Omar said the new fares would be announced before Hari Raya in October. Noh, however, shot down the Pan Malaysian Bus Operators Association’s appeal for a 100% fare increase, saying it would be a great burden on the public.
...memorandum from the association was accepted during the National Inflation Council meeting chaired by the Prime Minister on Monday...“We understand their financial problem because prices of diesel, tyre and engine oil have gone up a few times since 2005, while fares have not increased,” he told reporters after presenting excellence award to 68 ministry staff here yesterday...“They said some buses do not want to operate during the festive season because it is only full for a one-way journey such as Kuala Lumpur to Johor and returns with fewer passengers,” he said. Among ideas the Government was studying to help prevent bus companies from incurring losses, particularly when running services to rural areas, was to issue permits for them to transport school children and factory workers...
My View
The global has seen a decrease in fuel prices but our country are not dynamic enough to adjust the fuel price accrodingly. Is it because of the subsidy that make the government having hard time to re-count? I'm sure a group of think-tank should come up with a formula in a short time, right? One after another, our salary has seen little change since the last few years. I understand that prices go up each year. Everything is more expensive compare to my grandparents time. But their increase seem to be in sync with their standard of living and cost of living at that time. Now that I'm an adult, why am I feeling differently?
Although my salary has double since my first job in 2000, but my spending power is lesser than what I have 5 years ago. My saving...well, I can't save anymore. Few years back, I can saved $500-600 a month. Now, my piggy bank is empty. By 3rd week of the month, balance at ATM is $20+. 4th week, skip lunch, eat instant noodles or break for dinner. On the 28th of the month, received my salary. That weekend, buy month groceries before I ran out of cash and buy few DVDs for my monthly entertainment. Comes 1st week of a new month, pay bills, credit cards, loans, rental etc and ATM remain $300-400 for the remaining of 1st week and the rest of 3 weeks. The reason why I spend on DVD is because when I have no money, I stay at home and watch old the DVDs. Value for money. When I watch in cinema, I pay $9 for a movie but if I buy DVDs I can watch it again after few months later. It's also a good gethering with friends over some light snack and we watch DVDs together. cheap and rewarding.
I just received my arrears due to me in my July's paycheck. With that is I cleared all my credit cards. Yup! all. I'm damm angry with the BNM rule of abolishing the 20 days interest free period for card holders who don't settle all their payment. I personally think that credit card are not much different than cash or debit card, I refuse to give BNM the pleasure of getting interest out of me. Now, if I don't have enough cash, I don't buy shoes, clothes, facial, books, etc. In fact, I tell the promoters that economic is pretty bad and I don't have money. When they say I can pay by credit cards or installment, I told them I have to limit my credit card use because of no more 20 days free interest if I owe the bank. I'm sure there are a lot of people out there who do the same. It can't be just me, right?
I even took the time on weekends to check what public bus goes to my place and where I can take one. So far I haven't found out the waiting time and traveling time. I bet it's not going to be on time (although I saw a notice board with time table of the buses). I bet the journey will be long due to the inifficient time table. I don't mind the many stops and jam. I can tolerate that because it's part of the journey. I took buses when I was in Melbourne, Sydney, Vancouver and Edmonton. There are all on time, some to the minutes and seconds. My wishful thinking that my country can be at par with them in the next 1-2 years.
