Fomca urges Malaysians to spend prudently in face of rising costs
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PETALING JAYA: Malaysians should brace for a "more difficult" period of rising costs driven by global energy turmoil and to tighten their belts by prioritising essential spending, says the Federation of Malaysian Consumers Associations (Fomca).
Its president Datuk Dr Marimuthu Nadason said global conflicts, particularly in the Middle East, were pushing up transportation and production costs, which would inevitably filter down to consumers.
"Malaysians must accept that we are facing a new wave of cost pressures influenced by external factors beyond our control," he said.
Read more: Fomca urges Malaysians to spend prudently in face of rising costs
The Sun - Increase in cost of food, essentials a strain: Fomca
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Fomca says rising food and daily costs continue to strain Malaysian households despite stable petrol prices
PETALING JAYA: While petrol prices remain stable, Malaysian households are still grappling with high living costs, with rising prices of food and daily essentials continuing to strain family budgets, according to the Federation of Malaysian Consumers Associations (Fomca).
Read more: The Sun - Increase in cost of food, essentials a strain: Fomca
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