logo
Perlis FAMA eyes RM20,000 in sales at one-day Semarak Aidiladha

Perlis FAMA eyes RM20,000 in sales at one-day Semarak Aidiladha

The Sun05-06-2025

ARAU: The Federal Agricultural Marketing Authority (FAMA) Perlis branch is targeting RM20,000 in sales for the one-day Semarak Aidiladha Special Sale, which is being held today at the Simpang Empat Permanent Farmers Market, near here.
State FAMA director Mohd Anzara Azizan said the special sale involves 50 traders offering a total of 8.3 metric tonnes of food supplies, allowing consumers to purchase essential goods at discounted prices ahead of the Aidiladha celebration.
'The items offered are 0.2 metric tonnes of local beef, 0.1 metric tonnes of chicken, 3.0 metric tonnes of fish and seafood, 2.0 metric tonnes of vegetables and fruits, and 3.0 metric tonnes of local white rice, with prices ranging from 10 to 30 per cent lower than the market,' he said after launching the sale today.
Mohd Anzara said that the Happy Hour MADANI Combo set, which offers a bundle of onions, mustard greens, sugar and cooking oil, each in a one-kilogramme (kg) package, will be sold for only RM5, compared with the original price of RM10.
Setting the pace for brisk sales, 100 MADANI Combo sets, at the unbeatable price of RM5, flew off the shelves in just 10 minutes.
He added that FAMA will collaborate with the Prime Minister's Department's Implementation Coordination Unit (ICU) under the 'Ziarah Kasih Insan Aidiladha' programme to supply three cows, or approximately 280 kg of meat, for distribution to selected heads of households (KIRs) in the state.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

MCA baffled by PMX's claim of RM20b national debt cut when it has surged 11.4% under Madani rule
MCA baffled by PMX's claim of RM20b national debt cut when it has surged 11.4% under Madani rule

Focus Malaysia

time4 hours ago

  • Focus Malaysia

MCA baffled by PMX's claim of RM20b national debt cut when it has surged 11.4% under Madani rule

PRIME Minister and Finance Minister Datuk Seri Anwar Ibrahim must stop using selective framing and misrepresenting concepts to downplay the seriousness of the national debt situation or to claim undue credit. The public deserves transparency, particularly in the face of rising inflation, a soaring cost of living and growing economic hardship. What is urgently needed are concrete, revenue-generating economic policies, not a continued dependence on tax increases and subsidy reductions that place additional financial pressure on the rakyat. Recently, PMX stated that Malaysia's new borrowings have decreased annually from RM100 bil in 2022 to RM80 bil in 2024. He also claimed that consistent efforts have been made since 2022 to reduce the fiscal deficit from 5.5% to a projected 3.8% this year. However, such narrative attempts to obscure the actual increase in overall national debt by focusing only on the decline in new borrowing. Borrowing drops bit debt level surges The claim of a RM20 bil drop in new debt over three years does not reflect the full picture. According to the latest fiscal and debt data released by Bank Negara Malaysia (BNM), the national debt continues to rise. Official reports such as the Government Finance Statistics and the Economic Outlook Report show that federal government debt exceeded RM1.17 tril as of end-2023. This figure rose to RM1.63 tril in 2024 and remained high at RM1.25 tril as of 1Q 2025. These numbers directly contradict PMX's claims and reveal a clear attempt to present a misleading version of the national debt status by selectively using statistics. National debt cannot be assessed by focusing solely on new borrowings. The total size of the debt, the debt-to-GDP ratio, re-financing obligations and interest liabilities are all key structural factors that must be addressed. Suggesting that borrowing slightly less this year indicates meaningful fiscal improvement underestimates the public's understanding and concern. Self-deception What matters most to the people is the actual debt burden carried by the country – not how the government chooses to interpret the data. If the debt continues to grow and interest payments increase, then PMX's remarks amount to self-deception and risk eroding public trust. Perdana Menteri Anwar Ibrahim berkata kerajaan berjaya mengurangkan jumlah hutang negara sebanyak RM20 bilion sejak mengambil alih pentadbiran pada tahun 2022. Beliau yang juga menteri kewangan berkata bermula dengan hutang berjumlah RM100 bilion, kerajaan kini menyasarkan… — Malaysiakini (BM) (@mkini_bm) June 20, 2025 Editor's Note: Kindly read comments by man-on-the-street Malaysians to the Malaysiakini post. Despite repeated assurances of fiscal reform and financial discipline, the Madani government has yet to demonstrate genuine progress in reducing national debt or budget deficits over the past two years. Instead, it has expanded the Sales and Services Tax (SST) and reduced subsidies, effectively shifting the fiscal burden onto the public while failing to rein in government expenditure. Balancing the national budget should not come at the expense of ordinary Malaysians. The real crisis today lies in inflation and the rising cost of living. Yet the government has failed to introduce any substantial, revenue-boosting economic policy or reform plan. What the country truly needs are forward-looking policies that raise incomes, encourage investment and create employment opportunities. Fiscal reforms must not be used as an excuse to add to the public's burden. Malaysians do not need more political packaging. What is urgently required are real, effective solutions that provide relief and restore confidence. – June 22, 2025 A PhD holder in theoretical economics from the Perking University and a business development actuary, Saw Yee Fung is the MCA Youth secretary general. The views expressed are solely of the authors and do not necessarily reflect those of Focus Malaysia.

MONEY THOUGHTS: A practical blueprint for modest wealth
MONEY THOUGHTS: A practical blueprint for modest wealth

New Straits Times

time5 hours ago

  • New Straits Times

MONEY THOUGHTS: A practical blueprint for modest wealth

This is our current reality: United States President Donald Trump's asinine trade tariff tantrum will make life tougher for both Americans and the rest of the world, because the economic friction introduced by his tariffs will lower Earth's potential aggregate economic growth. The reduction will make life less palatable for most of Earth's 8.2 billion people. Thankfully, there are ways for regular people to restructure their finances to benefit from the economic and capital market volatility stemming from bad policies gushing out from the once-respected White House like a high-pressure stream of raw sewage. In April, Forbes magazine released its 39th annual World's Billionaires list. It unearthed a record number of 3,028 billionaires with an aggregate net worth of US$16.1 trillion. The mean net worth of those 3,000-plus super-wealthy men and women this year: US$5.3 billion. The world's first billionaire was oilman John Davison Rockefeller — later referred to as John D. Rockefeller Sr when his son John D. Rockefeller Jr was born. JDR Sr became a billionaire in 1916 at the age of 77. To their credit, he and his progeny nurtured a culture of philanthropy that benefitted millions over many decades. JDR Sr died in 1937 at the age of 97 years and 10 months. Five years before his demise, in writer John Thomas Flynn's book God's Gold: The Story of Rockefeller and His Times, JDR Sr is quoted saying: "I believe the power to make money is a gift from God — just as the instincts for art, music, literature, the doctor's talent, the nurse's, yours — to be developed and used to the best of our ability for the good of mankind. "Having been endowed with the gift I possess, I believe it is my duty to make money and still more money; and to use the money I make for the good of my fellow man according to the dictates of my conscience." I find that almost century-old statement of mission and intent (from 1932) inspiring. LESSONS AND PRINCIPLES I recognise it is unlikely any of Earth's current crop of 3,028 billionaires will read this Money Thoughts column, including the 19 of them who are Malaysians with average net worths of about US$3 billion or RM12.7 billion. I probably don't have anything of value to share with those super-elite individuals who account for 0.000037 per cent of all living humans. However — and this I know from decades of client interactions — when it comes to attaining modest levels of wealth, say in the much lower RM100,000 to RM10 million range, I do have viable lessons and principles to share with many people. Toward that end, there is a multi-part blueprint which I'm happy to share with ambitious readers. Note: Meaningful levels of domestic, regional, and global philanthropy can be achieved by the many millions of people worldwide who are capable of building wealth levels in the range of RM100,000 to RM10 million. So, to help such individuals, I've been laying the foundation of this blueprint over several weeks. Here it is: 1. Recognise the value of two distinct processes; 2. Embrace high market volatility as a long-term aid to wealth-building; 3. Harness a logical long-term investment strategy; and 4. Use a readily available banking facility to put your plan on autopilot. Allow me to elaborate: 1. The Two Processes The six-step financial planning process and a logical three-part wealth-building process can be of use to almost all adults of sound mind. Read that recent Money Thoughts column for a rundown of both processes. Do take note of the second process, which comprises one principle, one strategy and one system. Each of which will be sequentially covered below to provide you — hopefully — with a robust framework to build future wealth for your family, most likely within the target range of RM100,000 to RM10 million. 2. Volatility's hidden value In both business and investing, the most straightforward way to make money is to buy low, and sell high. It is a powerful principle. When we understand this unchanging economic truth, we can begin looking upon asset price volatility as a beneficial wealth-building mechanism. Elaboration: 3. Understand dollar-cost averaging Unfortunately, a mere cerebral acceptance of the validity of buying low and selling high is useless unless we can also implement a disciplined strategy to do so consistently. The dollar-cost averaging (DCA) fits the bill. Perfectly. 4. Rely on standing instructions Finally, even after we reach the point of understanding that it is economically beneficial to implement a personal DCA strategy when aiming to build lifelong wealth, we still need a pragmatic system to automatically and emotionlessly implement that strategy. The system I recommend hinges on bank Standing Instructions that regularly shunt cash out of our bank account into, ideally, a diversified savings and investment portfolio for decades on end. Digesting all the material in today's column requires time and attention. I know most readers won't embark on the full journey, but the minority that does will prosper; and in all likelihood, bigtime. © 2025 Rajen Devadason

It's regulated: Ministry dismisses call to ban gold-plated products amid TikTok boom
It's regulated: Ministry dismisses call to ban gold-plated products amid TikTok boom

New Straits Times

time6 hours ago

  • New Straits Times

It's regulated: Ministry dismisses call to ban gold-plated products amid TikTok boom

KUALA LUMPUR: There is no need to ban the sale of gold-plated products as the sale of such items is regulated to protect consumers. Domestic Trade and Cost of Living Ministry enforcement director-general Datuk Azman Adam said gold-plated products have been in the market for years, and their increasing popularity did not warrant a ban. Previously, the Malaysia Gold Association (MGA) called for the sale of "gold-wrapped" products to be banned amid their growing popularity on social media platforms like TikTok. Its president, Datuk Louis Ng, said that these items posed a risk to consumers, pawnbrokers, and the gold recycling industry as they could be mistaken for authentic gold. He said a thick layer of gold wrapping could make such items indistinguishable from genuine gold, especially to the untrained eye. Azman said the Trade Descriptions (Articles Made of Precious Metals) Regulations under the Trade Descriptions Act governed the sale of precious metals like gold, silver and platinum. "The aim (of the regulations) is to protect consumers from fraud and ensure transparency in the precious metals market," he told the New Straits Times. Azman said the regulations specified that jewellery coated with gold, silver or platinum must be described with the word "plated" when sold to customers. A company or individual in violation of the law faces a fine of up to RM25,000 or RM10,000, respectively. An individual can also be jailed for up to one year, or both, upon conviction. Action can be taken against traders who fail to comply with this requirement. However, to date, Azman said the ministry had not received any official complaints regarding the sale of gold-plated silver products or gold-like items. Precious metal sales highly regulated Azman said online traders were also subjected to the law, including the requirement to disclose product information under Schedule 3 of the Consumer Protection (Electronic Trade Transactions) Regulations. He added that the sale of precious metals was highly regulated against fraud. "Any person who uses false trade descriptions regarding the purity standards of precious metals may also be prosecuted under Regulation 8, Trade Descriptions (Articles Made of Precious Metals) Regulations. "They can also be charged under Section 5 read with Section 6(f) of the Trade Descriptions Act," he said. Under the Act, if the offender is a corporate body, it may be fined up to RM250,000 upon conviction. And for a second or subsequent offence, the fine may be increased to a maximum of RM500,000. If the offender is not a corporate body, he may be fined up to RM100,000 or face imprisonment for up to three years, or both. He added that businesses selling or supplying precious metals must provide a receipt detailing the item's specifications, as mandated under Regulation 9 at the time of supply. Azman also warned that traders using uncertified gold weighing scales or engaging in fraudulent weight measurements could be prosecuted under the Weights and Measures Act. Under Section 14(6) of the Act, any person who uses or possesses for trade purposes any weight, measure, or weighing or measuring instrument that has not been verified, stamped, certified or approved as required under this section commits an offence. Upon conviction, they may be fined up to RM40,000 or imprisoned for a term not exceeding three years, or both. The weight, measure or weighing or measuring instrument may be forfeited. The compoundable amount for this offence shall not exceed the maximum fine, which is RM40,000. "Among others, complaints related to misleading sales practices may also be investigated under Sections 9 and 10 of the Consumer Protection Act," he said. Under the Act, if the offender is a corporate body, it may be fined up to RM250,000, and for a second or subsequent offence, the fine may be increased to a maximum of RM500,000. If the offender is not a corporate body, he may be fined up to RM100,000 or face imprisonment for up to three years, or both. Meanwhile, Azman said consumers who felt cheated in a sales transaction could file a claim with the Tribunal for Consumer Claims Malaysia. He encouraged consumers to report any concerns by submitting complaints with full and accurate details through WhatsApp: 019-848 8000, 1-800-886-800 and Ez ADU KPDN Mobile App.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store