Complete List Of Price Hikes And What To Expect Financially In 2014
Before we step into a new year, take a moment to prepare yourself and your financial planning for 2014.
By Mei Mei Chu — 20 Dec 2013, 05:52 PM — Updated almost 11 years ago
8. School bus operators are adamant to increase bus fares by 40% to survive these price increase in 2014
Petrol price, water tariff and more are expected to raise between now and 2016
ECONOMISTS and analysts expect more adjustments in petrol prices next year, in line with the Government’s subsidy rationalisation plan, which aims to lighten the burden on the country’s fiscal deficit.
thestar.com.my“Our subsidy cut for fuel is still not finished because there is still a gap between our price and the world price that would be closed. We still expect further subsidy cuts, and is likely to be spaced between now and 2016.
malaysia-today.net
“But once it goes beyond 2017, that would be too close for the general election, and the government would want to be in the good books ofall,” Dr Yeah quipped.
malaysiandigest.com
Petrol price, water tariff and more are expected to raise between now and 2016
Image via themalaymailonline.comPERKASA says BN has every right to increase prices because they won GE13
PERKASA says BN has every right to increase prices because they won GE13
Image via themalaysianinsider.comMalay rights group Perkasa has declared that the Barisan Nasional has every right to increase the prices of services and goods as it is the winner of the 13th general election and as such, there was no need for a street protest.
themalaysianinsider.com
Its president Datuk Ibrahim Ali warned the BN that it must be mindful that voters are watching it and it must be prepared to face a backlash from voters at the 14th general election.
yahoo.com"The general election is held every five years. No need for street protest. They got the mandate and it is up to them to do what they want,” he told a press conference at his office in Kuala Lumpur today.
yahoo.comIbrahim said the Pakatan Rakyat was capitalising on the increase in the prices of goods and services to strengthen its support in its quest to capture Putrajaya .
themalaysianinsider.com
Brace yourself for rising cost of living, and less money in pockets, say analysts
2014 will be a bleak financial year for Malaysians as they face an increase in toll prices, electricity tariff rates, public transportation and possibly even further fuel subsidy cuts.
This will only mean two things: higher inflation and less money in pockets for consumers to spend, economists confirmed today.
“Going into 2014, we have higher electricity tariff, toll rates, and there could be other forms, including rising fuel costs. This will definitely put pressure on inflation and the result is inflation has moved to 2.0 percent in October, to next year where we are looking at 3 percent.”
malaysia-today.net
Brace yourself for rising cost of living, and less money in pockets, say analysts
Image via ringgitplus.comBut not all is doom and gloom: he said that the economic situation was still “manageable” and employers next year would likely be pressured to increase wages in light of the inflation and rise in cost of living.
Lower and middle income groups will face more financial distress and increase in debts starting 2014
Dr Yeah Kim Leng, group chief economist of RAM holdings, said the lower and middle income groups would likely face more financial distress and an increase in household debt starting from next year, and this would in turn incur social repercussions as individuals took on extra jobs to manage the higher cost of living.
malaysiandigest.com
He said the lower income group – those households earning below RM3,000 – would be hit the hardest, and the BR1M cash vouchers would only provide partial relief to the poor.
“BR1M would not offset the rising prices 100%. To do that would only worsen the budget deficit and incur more expenses for the government,” said Lee.
Lower and middle income groups will face more financial distress and increase in debts starting 2014
Image via guim.co.uk