Malaysia Grocers

KUALA LUMPUR, Dec 22 (Bernama) — Malaysians have been enjoying subsidised sugar since 1974 and the current retail price is the lowest in the region. Thus when the Malaysian Consumer Association’s President Tan Sri Darshan Singh Gill proposed that the subsidy be scrapped for good to help Malaysians reduce sugar intake, it caused consternation among consumers. The reaction comes of no surprise when the price of sugar is capped at RM1.45 per kilo in Peninsula and RM1.55 in Sabah and Sarawak in spite of the rising cost in importing sugar. It is so cheap that even some of our Indonesian, Singaporean and Thai neighbours source their sugar supply from Malaysia. The price cap has inadvertently created a lucrative black market for subsidised sugar where smugglers and profiteers thrive on. THE BITTER SIDE OF SUGAR Continue Reading…

SINGAPORE: Doing good really does pay, with a global survey finding more than six in 10 people would buy, and recommend, a brand that gave back to society or helped the environment, even if it wasn’t the cheapest.

Sixty-four percent of respondents to the “Good Purpose” poll of just over 6,000 consumers, by public relations firm Edelman, also said they expected brands today to support good causes.

More than two-thirds said they would switch brands if another, similar-quality product supported a good cause. Continue Reading…

KUALA LUMPUR, Dec 21 (Bernama) — 7- Eleven Malaysia Sdn Bhd, the owner and operator of 7-Eleven stores in Malaysia, expects to franchise 50 per cent of its stores in three years’ time.

Its executive director, Ng Su Onn, said currently, the company has 1,103 stores, with three run by franchisees.

“We hope to grow the number of stores to 2,000 in three years’ time. To have 1,000 of the stores managed by franchisees during this period is achievable,” he told reporters after a signing ceremony between 7-Eleven Malaysia and Perwira Niaga Malaysia here Monday. Continue Reading…

Written by Lam Jian Wyn

KUALA LUMPUR: 7-11 Malaysia Sdn Bhd aims to open 2,000 stores nationwide in three to five years, of which 50% of the new stores would be under its franchise scheme.

Executive director Ng Su Onn said on Monday, Dec 21 the franchise system would help expand its outlets. Currently, only three stores were under the franchise scheme. Continue Reading…

IPOH, Dec 19 (Bernama) — The implementation of the goods and services tax (GST)is a means of placing the country’s economy at a level that is at par with those of developed nations and in keeping with changing times, said Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah.

He said the GST implementation gave the government an advantage,particularly in enhancing income flow, which can then be used to implement projects for the benefit of the people.

“Only three countries in the South-East Asian region do not practice this taxation system, that is Malaysia, Brunei and Myanmar. Brunei does not have a taxation system and we will join 143 other countries in implementing the GST. Continue Reading…