Lately we’ve been bombarded with news almost every single day with prices of things going up and down. I find it all very ironic.
First, the banks lowered their charges on credit cards but the government felt that it was not low enough and urged the banks to reduce it further. Then came the announcement of the 2.54% reduction in electricity tariff which isn’t going to save us much. After that, food and beverage outlets were urged to reduce the price of Milo drinks because the supplier had made it cheaper in the market to purchase Milo.
Next, the central bank lowers the overnight policy rate which has resulted in banks now being able to offer cheaper loans and people will now have more disposable income.
There was also mention of an on-going negotiation to abolish toll rates at a certain toll. Next thing we know, 5 major tolls are increasing their toll rates and these are the ones more used than others. And the increase is rather significant!
Things which are within the control of the authority doesn’t get cut down by much whilst the private sectors have been strongly urged to reduce prices. How about cutting down on income tax? That way, we all have more disposable income too!
