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Sentinel
04-03-2009, 04:55 PM
When the ringgit weakens against major foreign currencies, especially the USD, prices imports will definitely go up.... things like wheat flour, sugar and even milk....

It is better for exports, theoretically speaking, but with the major countries like US, Japan and most European countries in deep recession, who will buy from us even if our goods are relatively cheaper due to the weakening ringgit?

Fasten your seat belt and get ready for the rough ride....

http://www.themalaysianinsider.com/index.php/malaysia/19589-ringgit-could-breach-380-mark-soon

gtl
04-03-2009, 05:39 PM
sentinel, you r right, we will hv another round of imported inflation.
since last year we realize that locally produce goods is cheaper but not imported goods, we can get them cheaper in sgp.

bslee
04-03-2009, 05:41 PM
1. Malaysia is a country plagued with opportunists seizing any opportunity or excuse to inflate prices for little or no logical reason.
2. Gahmen either tell half truths or in denial of current situation. You go figure the actual or depend on heresay...your choice.
3. Rakyat are mostly on your own. Tax policies stay and collected promptly regardless of situation.
4. You're convinced to change lifestyle periodically.
All period!.. thats fact of life here.

Sentinel
04-03-2009, 05:43 PM
sentinel, you r right, we will hv another round of imported inflation.
since last year we realize that locally produce goods is cheaper but not imported goods, we can get them cheaper in sgp.
As long as the international trade uses the USD as the main currency, this is what we will always get, imported inflation. I foresee sugar and milk powder jumping up soon....

Wheat flour might not be affected because its market price is coming down, so it is offsetted by the rising USD vs Ringgit.

bslee
04-03-2009, 05:45 PM
Start getting used to buying from wet market. Better choice and cheaper than air conditioned markets.

tupai
04-03-2009, 06:07 PM
Start getting used to buying from wet market. Better choice and cheaper than air conditioned markets.

Beg to differ.

ss15 wet market is at least 10-30% more expensive than even the nearby C4!
I found this out when i decided to follow latintupai ... :p

e.g. tomato is $4.50 p kilo versus C4 RM3.50 or even cheapwer at RM2.99 at times!

But thats the price u pay when the stallkeepers address the shoppers, as either 'leng chai' or 'leng-nui' :p

...cheap price for a small dose of inflated ego :p

Yang Boleh deflate ego latotupai ;)

tsd
04-03-2009, 06:45 PM
Beg to differ.

ss15 wet market is at least 10-30% more expensive than even the nearby C4!
I found this out when i decided to follow latintupai ... :p

e.g. tomato is $4.50 p kilo versus C4 RM3.50 or even cheapwer at RM2.99 at times!

But thats the price u pay when the stallkeepers address the shoppers, as either 'leng chai' or 'leng-nui' :p

...cheap price for a small dose of inflated ego :p

Yang Boleh deflate ego latotupai ;)

SS15 wet market is a high-class wet market, I agree that things there are very expensive. Try going to Sg Way or PJ old town market.

However items like tomato, carrot, cabbage, garlic, onion are cheaper in Hypermarket. The stuff which are cheaper in wet market are mostly locally produced products like the green vege.

gtl
04-03-2009, 10:15 PM
i have a question, with the american running a defisit budget of usd 2.3 Trillions, the only way they can spend that much is to print more USDollar to feed the beast. if more USD in the circulation, why is it still Appreciate?

tupai
04-03-2009, 10:51 PM
i have a question, with the american running a defisit budget of usd 2.3 Trillions, the only way they can spend that much is to print more USDollar to feed the beast. if more USD in the circulation, why is it still Appreciate?

US hedge funds are selling off their stakes worldwide. Cashing out in USD, it cause a shortage driving up the Xchange.

Printing more USD is for local consumption at the expense of China's savings... Don;t be surprised to knwo that China will end up owning some of US icons!


Yang Boleh beli USD latotupai :p

kuma
04-03-2009, 11:37 PM
Had a shocker on Sunday.

My favorite tub of Margarine, which was RM6+ for years, then went up to RM8+ when the petrol price went up, and now is RM10+

Yep, it's imported, and the Dollar is going UP...BUT didn't the price of petrol come DOWN??

But then, back then.....it was RM6+ when the Dollar was at RM3.80 and the price of petrol was less.....AND now the price of Palm Oil [which i suppose is the main ingredient] is about a third of what it was way back when the price of this tub of Margarine was just over RM6.

Confused!! What rationale would inflation play here?

gark
05-03-2009, 09:37 AM
Inflation is definately going back up, see the recent destabilization of the currency not only in Malaysia but in Europe and Australia. Since the Euro and AUD have lost 30% against USD, they have steadily rising prices to match thier internal rate of inflation. The USD and JPY has been temporary inflated by liquidation of international assets which caused their products to be more expensive and they are suffering from deflation instead, in which their local product are not able to sell internally or exported.

And the recent action by BNM to lower 75 basis points further weakens the RM, if Zeti cuts another 50 basis points our currency will crash but our exports will fare better. Its a double edged sword, so in between of keeping the economy alive and restricting inflation, many have choose the economy, although even at favorable exchange rate there is no one buying.

These are indeed sad times, poor economy, inflation and the government at loss on what to do. :(

chin_wan
05-03-2009, 09:53 AM
Beg to differ.

ss15 wet market is at least 10-30% more expensive than even the nearby C4!
I found this out when i decided to follow latintupai ... :p

e.g. tomato is $4.50 p kilo versus C4 RM3.50 or even cheapwer at RM2.99 at times!

But thats the price u pay when the stallkeepers address the shoppers, as either 'leng chai' or 'leng-nui' :p

...cheap price for a small dose of inflated ego :p

Yang Boleh deflate ego latotupai ;)

I beg to differ your begging to differ. OUG wet market is wayyyyyy better than the hypermarkets.

bslee
05-03-2009, 11:03 AM
My favorite tub of Margarine, which was RM6+ for years, then went up to RM8+ when the petrol price went up, and now is RM10+

No need to be confused, read my earlier post again. I've mentioned in other threads that your usual dairies have periodically increased in price time and again. Imported butter is somewhere in the RM7 and more mark when years ago it was a bit more than half its current prices. Last year at the height of fuel price drama, Buttercup butter (local produce and likely among the cheapest brand) was retailed at RM4.19, and now roughly RM3.99.
There's some local made butter that taste terrible, yet retailed and I don't think there's any local industry can churn out equal or better than Aussie, Danish or English butter..period. Can forget any prospect about cheese produce. At the mercy of dairy importers and gahmen taxes indefinitely should anyone choose to continue to consume. Anyway, butter or cheeses ain't one of Malaysia's traditional foodstuff, so you're encouraged to eat Nasi Lemak, mee goreng or wantan mee for breakfast instead. Your dear PM have urged EVERYONE to buy Malaysian just recently at a nearby hypermart. You don't try you won't know. Yes I know.

AllUrban
05-03-2009, 11:15 AM
Soon we will be facing the dreaded stag-flation.

Cheers, m

USJ27Resident
05-03-2009, 11:32 AM
Beg to differ.

ss15 wet market is at least 10-30% more expensive than even the nearby C4!
I found this out when i decided to follow latintupai ... :p

Yang Boleh deflate ego latotupai ;)

True... WHY? Because it is a wet market with a Subang Jaya address/location ... period! Even the 'pasar malalm' traders think that ALL Subang Jaya and USJ residents have 5-6 figure salaries/income... so whats the big deal [they think] to have higher prices in Subang Jaya/USJ.... the resident would still pay for "freshness"

heck, even "carbide-ripen" durians cost more here... :(

bslee
05-03-2009, 11:43 AM
Even the 'pasar malalm' traders think that ALL Subang Jaya and USJ residents have 5-6 figure salaries/income

I think its quite true mah!.. Not ALL but many very prosperous anyhow.

USJ27Resident
05-03-2009, 11:47 AM
I think its quite true mah!.. Not ALL but many very prosperous anyhow.

not from what i see... except for a few clusters of huge bungalows & mansions [SS19, USJ2 & USJ5]... I suddenly am noticing a lot of abandoned renovation works and "bank-lelong" signs hanging from loan defaults/forclosures... :(

tupai
05-03-2009, 12:59 PM
not from what i see... except for a few clusters of huge bungalows & mansions [SS19, USJ2 & USJ5]... I suddenly am noticing a lot of abandoned renovation works and "bank-lelong" signs hanging from loan defaults/forclosures... :(

...being driving past my abode have u?? :eek:

Anyway, I want the recesssion to come, like NOW! then follow by a stagflation...cruel as it may seems, I wanna see many people outta jobs.

An outta job shock will completely flush out those employers&employees with bad attitude/skivvers/MC cheaters/get-rich-quick-wannabes...then and only then, real hard working folks will resurrect and power the engine of growth. Like a phoenix from the ashes lah...my wish lah! :p

Yang Boleh kerja latotupai :p

kuma
05-03-2009, 01:15 PM
I wanna see many people outta jobs.

An outta job shock will completely flush out those employers&employees with bad attitude/skivvers/MC cheaters/get-rich-quick-wannabes...then and only then, real hard working folks will resurrect and power the engine of growth. Like a phoenix from the ashes lah...my wish lah! :p

This mirrors the believe of a few expert international economist as well. However I doubt we will see this happen here. It just isn't in tune with the ideals of Malaysia Boleh! :rolleyes:

bslee
05-03-2009, 01:25 PM
This mirrors the believe of a few expert international economist as well. However I doubt we will see this happen here. It just isn't in tune with the ideals of Malaysia Boleh! :rolleyes:

BN gahmen will never let this happen. Too risky and may fall short of another French Revolution. They're NOT prepared for any catastrophe anyway...not even addressing flash floods anyway.

VictorII
05-03-2009, 01:25 PM
The cost of a bowl of curry mee is now Rm 5.00 at a hawker stall in Putra Heights!
In Taipan it cost Rm 4.50. These hawkers are the ignorant lot contributing to the high cost of living in the present difficult economic times.
Maybe we should not support their attitudes and avoid eating in such places.

bslee
05-03-2009, 01:27 PM
The cost of a bowl of curry mee is now Rm 5.00 at a hawker stall in Putra Heights!
In Taipan it cost Rm 4.50. These hawkers are the ignorant lot contributing to the high cost of living in the present difficult economic times.
Maybe we should not support their attitudes and avoid eating in such places.
They're NOT an ignorant lot. They're likely typical business opportunists cashing in. No venture no gain, willing seller, willing buyer rigmarole.
Don't you ask or see the price before ordering?.. I did just that 3 days ago at one NK outlet nearby, the price made me jaw drop. Eventhough I was damn hungry, I took my business elsewere.
These profiteers thrive from people willing to pay up and don't make noise, also from those whose own heart rule the head.

chin_wan
05-03-2009, 02:19 PM
Soon we will be facing the dreaded stag-flation.

Cheers, m

:( :( :( That's my worry also...

bslee
05-03-2009, 02:28 PM
Its quite a fact that this country have not seen real savings or significant price decreases across the board. The hard hit are usually the middle to low income bracket.
Discount sales or so called warehouse sales are mostly enticing or luring on adverts but another story in reality. Just be prepared all the time for price inflation every now n then. Its imminent. You're on your own in reality in this dog eat dog place and everyone is an opportunist to survive and maintain existing lifestyle.

VictorII
05-03-2009, 06:26 PM
No choice , Lah. All other hawkers follow same. Their price increase 30% while many other workers have their pay cut by 30%! Cook your own maggie mee but maggie mee price also terribly increased.

Sentinel
05-03-2009, 06:44 PM
The cost of a bowl of curry mee is now Rm 5.00 at a hawker stall in Putra Heights!
In Taipan it cost Rm 4.50. These hawkers are the ignorant lot contributing to the high cost of living in the present difficult economic times.
Maybe we should not support their attitudes and avoid eating in such places.Ask any of your friends who are sales reps at BMW or Mercedes who are their biggest customers for the BMW 3 series and Mercedes C class? You will be in for a shock!

It isn't the yuppies, it isn't the rich tai-tais... yes, its the hawker group and the food & beverage retailers... summore registered the vehicles to sole proprietorship for tax shield summore....

Sentinel
05-03-2009, 06:47 PM
BN gahmen will never let this happen. Too risky and may fall short of another French Revolution. They're NOT prepared for any catastrophe anyway...not even addressing flash floods anyway.Do you think they would know what to do? Look at the first Economic Stimulus Package approved by Parliament in November 2008... less than 10% of the amount of RM7billion has been effectively disbursed. Now, they present the second stimulus package...

tupai
05-03-2009, 09:05 PM
Ask any of your friends who are sales reps at BMW or Mercedes who are their biggest customers for the BMW 3 series and Mercedes C class? You will be in for a shock!

It isn't the yuppies, it isn't the rich tai-tais... yes, its the hawker group and the food & beverage retailers... summore registered the vehicles to sole proprietorship for tax shield summore....

so true! so true!

Who needs B.A.? M.A? Msc? MBA? PHD? when all u gotta do is learn to make jolly salivatinlicious roast duck...A corner house 3 roads away, has a sporty bmw, a spanking accord and a big gleaming merc and also a couple of well-used Roast Duck Stalls all nicely parked on the porch :D


Yang Belum tahu panggang itik latotupai :p

pucman
05-03-2009, 10:48 PM
so true! so true!

Who needs B.A.? M.A? Msc? MBA? PHD? when all u gotta
Yang Belum tahu panggang itik latotupai :p


All these degrees are a waste of time and money. It's better to learn how to cook hainanese chicken rice after SPM.

After 10 years, you can buy a bungalow. :D

Yang tak tahu cook hainan chicken rice.

bslee
05-03-2009, 10:53 PM
Food business is still likely the best way to wealth, albeit the right recipe, very hardwork, and all the obvious. Its NO life.

cskok8
07-03-2009, 12:32 PM
Another price hike on the way. This time it is fish. It seems that the govt has mandated the use of new "standardised" plastic containers to store/transport fish. While on the surface it is a good move, the catch is that only containers from one particular supplier is allowed.

Draw your own conclusions. :mad:

Sentinel
07-03-2009, 12:38 PM
Another price hike on the way. This time it is fish. It seems that the govt has mandated the use of new "standardised" plastic containers to store/transport fish. While on the surface it is a good move, the catch is that only containers from one particular supplier is allowed.

Draw your own conclusions. :mad:

This is not so bad news... today they reported a construction company might be the contractor appointed as "submarine rescue" work... tak takut kah? What is this country beccoming man... like that also got ah?

Tell me lah, did they manage to make teh tarek in space or not? If they do, whatever for?

Sentinel
07-03-2009, 12:49 PM
And now that the fishermen has to buy real anchors for their boat, cost of fish might go up....

Johore fisherman uses WWII bomb as anchor
Mar 7, 09 11:55am

A Malaysian fisherman has been using a deadly World War II bomb as an anchor for his boat, according to a report Saturday.

MCPXLocal police made the shocking discovery Thursday during a routine patrol in a fishing village in the southern Johore state.

The fisherman had been using the bomb for several months and thought it was safe on account of its age, the Star newspaper reported.

Police alerted the bomb squad who removed the 160mm device to be destroyed.

Officers discovered eight similar bombs in the village after following up on information obtained from the fisherman.

Active and dangerous

Local police chief Abdul Aziz Ahmad urged anyone coming across objects that resemble bombs to inform the police immediately.

"The bombs about the size of a small fire extinguisher were found behind a restaurant in the village," he said.

Abdul Aziz said the bombs would be destroyed by police.

"Unless the bombs are destroyed, they are considered still active and very dangerous," he warned.

Abdul Aziz cited a deadly incident in Johore on Feb 27 were two men died and a woman sustained serious injury after they tried to salvage metal from an old bomb.

- AFP

pucman
07-03-2009, 04:05 PM
'leng chai' or 'leng-nui' :p

...cheap price for a small dose of inflated ego :p

Yang Boleh deflate ego latotupai ;)

Old uncle = leng chai
Old aunty = leng nui

:rolleyes:

bslee
07-03-2009, 06:25 PM
Heh!... just monitor the price (or ask before ordering) of your favourite crispy sliced ikan goreng next time you're at the Banana Leaf restaurant.
Its possible you'd be served with a slice from a fish that had faced trouble growing up. :D :D

AllUrban
10-03-2009, 10:57 AM
Food business is still likely the best way to wealth, albeit the right recipe, very hardwork, and all the obvious. Its NO life.hard work is respectable and providing a service (especially a necessary service) to the economy is respectable....

so why is it that so few people respect the hard work of the hawkers and those in the food business.

if a hawker or restaurant owner works his a$$ off and makes enough money to buy a mercedes, more power to him!

Wifey's daddy only finished to Standard 3 of school, then started working...he runs a successful business and has always made an effort to keep learning - reading the newspapers and other media daily ... I have huge levels of respect for him. :)

And yeah, he has a few mercedezes (3 actually) and 2 other cars and 2 HICOM trucks. He also wears short pants and golf polo most of the time. :)

Sentinel
10-03-2009, 12:07 PM
Yes, we should respect these rags to riches entrepreneurs. They earned their success thru sheer hardwork and determination and thru legal means.

I know of one hawker who sells "yau char kuai" in front of the old Cheow Yang restaurant in SS2. I used to buy from him after 2 am because by that time most of the stuff sold were on "Baiwan Freewan" basis and being a poor undergraduate with no scholarship, I always buy after 2 am for breakfast.

He owns a specially-designed bungalow at Glenmarie and drives a Volvo XC90 T6 model okay? Also, wife drives a C Class.... the only reason why he doesn't drive a Mercedes is because he is worried he will "attract attention"... dunno whether its income tax people or bad hats?

tsd
10-03-2009, 02:33 PM
Yes, we should respect these rags to riches entrepreneurs. They earned their success thru sheer hardwork and determination and thru legal means.

I know of one hawker who sells "yau char kuai" in front of the old Cheow Yang restaurant in SS2. I used to buy from him after 2 am because by that time most of the stuff sold were on "Baiwan Freewan" basis and being a poor undergraduate with no scholarship, I always buy after 2 am for breakfast.

He owns a specially-designed bungalow at Glenmarie and drives a Volvo XC90 T6 model okay? Also, wife drives a C Class.... the only reason why he doesn't drive a Mercedes is because he is worried he will "attract attention"... dunno whether its income tax people or bad hats?

this may sound great but it is not easy, I have been doing making and selling pau for almost a year now, I cant even earn RM1000 a month. To earn RM1000, the amount of time and work I put in is more than what I did during my days working in Job world. My proton wira ( bought last time when I was still employed ) is getting rust everywhere, want to repaint it also have to think hard.

All those successful hawker stories, out of 1000, maybe 1 or 2 who are doing well.

bslee
10-03-2009, 02:43 PM
All those successful hawker stories, out of 1000, maybe 1 or 2 who are doing well.

The successful are always a minority. The rest just have to slog it out in life but that isn't an excuse to put your mind to it and think of something that have potential to be a success. Hey, maybe its time for some change of strategy. Battle plans do change you know?.