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Wednesday, November 19, 2014

SACK NAJIB! Prices now so high, ordinary Malaysians now forced to eat LESS MEAT

SACK NAJIB! Prices now so high, ordinary M'sians now forced to eat LESS MEAT
While Putrajaya may subsidise basic items like cooking oil, sugar and rice, these items fall far short of providing the majority of Malaysian households a balanced and nutritious diet, with many low-income homes unable to buy meat, research by Khazanah has found.
Higher-income households enjoy more protein compared to lower income ones, whose limited monthly expenditure restricts their purchases of meat, the Khazanah Research Institute said in a new report "The State of Households" launched yesterday.
Only households with a monthly expenditure of more than RM1,000 were able to spend more on meat than on rice every month, it said, citing figures in 2012.
Even then, if a household was able to spend between RM1,000 and RM2,000 a month, it would spend RM55 a month on meat, or RM1.83 a day.
The lowest expenditure bracket – those who spent less than RM500 a month – could only afford to spend just RM8 a month on meat, RM34 a month on fish and seafood, and RM22 a month on rice.
At the top end, those who could afford to spend more than RM5,000 a month spent RM139 on meat, RM146 on fish and seafood, and RM48 on rice.
The poor were more likely to stock up on carbohydrates like rice and bread, and then only on vegetables and meat. Fish was their prime source of protein.
The report added that the lower the household income, the higher the proportion spent on food, housing and utilities as a percentage of total expenditure.
“There is a limit to how much more affluent households can spend on rice or cooking oil compared to poorer ones. But when it comes to protein and other nutritious food, their high income means they eat much more,” said the report.
But only half of Malaysian households could actually afford to spend more than RM1,793 a month, it revealed.
“Average monthly household expenditure is RM2,190 and median expenditure is RM1,793. This means half of Malaysians fall into the lower expenditure categories, from those that spend less than RM500 a month to those that spend RM1,000 to RM2,000 a month.
“Unequal spending translates to less food for the less well-off – less protein (meat, fish, eggs and milk) and less rice.”
Rising food prices would hurt lower-income households the most, and it was important to keep food prices down to boost their real income, it said.
“As a start though, we must vigorously enforce our competition and consumer laws to keep prices as low as possible.”
23% of total households in Malaysia earned between RM1,000 to RM2,000 a month in 2012, the report revealed.
A higher proportion of households earning less than RM2,000 a month were also found to be Bumiputera.
The report said that 32% of ‘Others’ and 26% of Bumiputera households earned below RM2,000, compared to 20% Indians and 14% Chinese households.
In contrast, Chinese and Indians have higher proportions of households earning more than RM5,000.
“The Chinese have proportionately the most households that earn RM10,000 or more a month.”
On September 23, Deputy Finance Minister Datuk Ahmad Maslan said Putrajaya sponsored three months of Malaysians’ lives through the subsidies and aid it provided year-round.
He said that the increase in 1Malaysia People’s Aid (BR1M) cash vouchers by RM300 was enough to cover a family's living costs for two months.
"If we add up the BR1M, the school aid, subsidies for petrol, diesel, flour, rice and cooking oil, I believe three months of our lives are sponsored by the BN government every year.
“We only spend nine months to work for a living.” –TMI

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