logo
Durian frenzy: Over 3 tonnes sold in 12 hours at Domestic Trade southern zone carnival

Durian frenzy: Over 3 tonnes sold in 12 hours at Domestic Trade southern zone carnival

New Straits Times12 hours ago

ISKANDAR PUTERI: More than three tonnes of durian, equivalent to about 2,000 fruits were sold out in 12 hours on the first day of the Rahmah Madani Sale in conjunction with the Domestic Trade and Cost of Living Ministry 2025 Southern Zone Carnival held at Puteri Harbour yesterday.
Durian trader Mohd Hairul Mohd Aziz, 43, from Batu Pahat, said the affordable promotional prices ranging from RM25 to RM35 per kg for the premium Musang King variety, compared to the market price of RM40 to RM60 was the main reason for the overwhelming response from visitors.
"From 10am to 10pm yesterday alone, we managed to sell almost three tonnes of durian.
"Today, we're targeting to sell another four tonnes, insya-Allah," he told Bernama when met at his sales tent at the carnival today.
Commenting on the Eat Local Fruits campaign launched yesterday by Agriculture and Food Security Minister Datuk Seri Mohamad Sabu, he described the initiative as a timely move to bring Malaysia's agricultural produce into the spotlight.
"Malaysian durians are among the best in the world.
"If events like this are organised more often, locals can enjoy premium durians that are usually exported," he said.
Mohd Hairul also expressed his support for the expansion of the Rahmah Madani Sale and campaigns to promote local fruits, especially now that some imported fruits are subject to Sales and Services Tax (SST).
"This is the best time for us to aggressively promote local fruits.
"The quality is excellent and should be the rakyat's first choice," he said.
Visitors also welcomed the campaign which offers affordable prices while boosting demand for local agricultural produce.
Siti Rubiah Manshor, 51, said local fruits should be the people's top pick, especially in the current economic climate.
"It's a shame if local fruits aren't our first choice, while foreigners are scrambling to buy them.
"This campaign to eat local fruits is great, but it needs to be implemented consistently," she said.
Yesterday, Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali launched the Buy Malaysian Goods Campaign (KBBM) 2025, themed 'Jom Beli Lokal' (Let's Buy Local), aimed at expanding the reach of local products and reducing dependence on imported goods.
– Bernama

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Economic Watch: ASEAN integration drives development of independent regional financial system, analyst says
Economic Watch: ASEAN integration drives development of independent regional financial system, analyst says

Malaysia Sun

time7 hours ago

  • Malaysia Sun

Economic Watch: ASEAN integration drives development of independent regional financial system, analyst says

KUALA LUMPUR, June 28 (Xinhua) -- Greater economic integration among the members of the Association of Southeast Asian Nations (ASEAN) is accelerating efforts to build an independent and resilient regional financial system, aimed at reducing reliance on external currencies and enhancing monetary stability across Southeast Asia, according to a Malaysian analyst. These moves are not meant to target any specific country but rather reflect a desire to move away from external financial volatility and facilitate transactions using local currencies for intra-ASEAN trade, which will enable seamless cross-border transactions, provide greater market access for micro, small and medium enterprises (MSMEs), and also boost regional tourism, Lee Pei May, a political expert at the International Islamic University Malaysia, said in a recent interview with Xinhua. "The push for the use of local currencies has been ongoing for some time, as it helps strengthen the economic integration of ASEAN member states -- an important goal that ASEAN seeks to pursue. In fact, other regions are also moving away from relying too heavily on a single foreign currency, such as the U.S. dollar, as external interest rates and shifting government policies may cause significant volatility in currency exchange," she explained, adding that volatility is undesirable in any business. "Apart from the benefits of easier and faster transactions between businesses and banks of ASEAN countries through the use of local currencies, cross-border payments in local currencies can also help to avoid the volatility from outside the area," she said. Lee also said that allowing cross-border settlements in local currencies would be faster and cheaper, and singled out the tourism sector as a big winner, as tourists in the region will not need to go through the hassle of changing physical money when visiting other ASEAN states. "The Regional Payment Connectivity (RPC) initiative was first established to strengthen payment connectivity among the five ASEAN members, notably Malaysia, Thailand, Singapore, Indonesia and the Philippines. To date, the initiative has expanded to include central banks of Vietnam, Laos, Brunei and Cambodia," she said. "The participation would bring about seamless cross-border transactions and boost tourism in the region. Under the local currency settlement framework, many national payment systems have been linked, such as between Malaysia and Indonesia," she said. Lee also noted that the ASEAN push for local currencies and reduced dependency on external monetary systems has gained momentum amid growing awareness of the risks posed by relying on the U.S. dollar. "In the past, certain currencies were viewed as stable, but due to increasingly unpredictable global developments, this perception is shifting," Lee said, adding that if economic tools were to be used to exert pressure on policy differences, it could have negative implications. "Such risks, even if unlikely, remind us why building regional financial resilience is critical," she said.

Retired Woman Loses RM436,000 In Online IPO Investment Scam
Retired Woman Loses RM436,000 In Online IPO Investment Scam

Barnama

time8 hours ago

  • Barnama

Retired Woman Loses RM436,000 In Online IPO Investment Scam

GEORGE TOWN, June 28 (Bernama) -- A 62-year-old retired airline programme manager recently lost RM436,000 of her life savings after falling victim to an online investment scam involving fake initial public offering (IPO). Penang Deputy Police Chief Datuk Mohd Alwi Zainal Abidin said the woman lodged a report with the Timur Laut Commercial Crime Investigation Division after discovering she had been deceived by a fraudulent scheme. The scam was promoted through a WhatsApp group called 'enspire capital', which promised high-returns through IPO investments. The victim was instructed to download an app named 'freeman plus' as the investment platform. 'Between May 12 and June 2, she made 56 fund transfers to four different company accounts. Despite the promises, she received no returns. Instead, the suspects kept requesting additional payments,' he said in a statement tonight. Investigations found the victim used her personal and Employees Provident Fund (EPF) savings to finance the so-called investments. Mohd Alwi said efforts are ongoing to identify and track down the syndicate responsible. The case is being investigated under Section 420 of the Penal Code for cheating. -- BERNAMA

Cut SST to 4% and postpone new tax to January, says Chinese chamber
Cut SST to 4% and postpone new tax to January, says Chinese chamber

Free Malaysia Today

time9 hours ago

  • Free Malaysia Today

Cut SST to 4% and postpone new tax to January, says Chinese chamber

The Associated Chinese Chambers of Commerce and Industry of Malaysia said rising costs, which have been felt in 2025, are expected to persist next year. KUALA LUMPUR : A business chamber has urged the government to cut the sales and service tax to 4%, provide higher thresholds and expanded exemptions, and postpone implementation of the expanded tax to January to allow businesses more time to prepare. The Associated Chinese Chambers of Commerce and Industry of Malaysia said in a statement that adequate preparation was crucial to ensure better compliance and smooth implementation, Bernama reported. The chamber called for: a lower tax rate of 4% in the first two years (2026–2027) to ease the burden on businesses and consumers; a higher registration threshold, from RM2 million to RM3 million, for service tax on leasing, rental and construction services; a higher tax exemption threshold, of RM2 million in annual sales instead of RM1 million announced on Thursday, for small and medium-sized enterprises. 'We also propose a longer exemption period of 36 months for non-reviewable and reviewable contracts, to cover all project types due to the nature of the projects and their cycles,' the chamber said. The expanded SST applies to additional services (wellness centres, financial, and healthcare) and three new services (rental or leasing, construction works, and education), and is due to begin on July 1. The chamber said in a statement that it 'cautiously welcomed' the government's review of the expanded SST announced on Thursday. However, the chamber said there were concerns over multiple cost increases coinciding with a challenging global and domestic economic environment, exacerbated by the uncertainty surrounding US trade tariff policies and ongoing conflicts in the Middle East. 'The effects of rising costs, which have been felt in 2025, are expected to persist or influence the business and economic landscape in 2026,' it added.

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