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The Star
5 days ago
- Business
- The Star
App helps shoppers catch best prices
KUALA LUMPUR: The Price Catcher mobile application, developed by the Domestic Trade and Cost of Living Ministry, is helping consumers compare prices of daily essentials conveniently at their fingertips. The app enables users to plan and manage their daily expenses by comparing prices of essential items across various supermarkets and selected retail premises nationwide. A check by Bernama at several supermarkets around the federal capital found the prices displayed on Price Catcher to be consistent with actual prices at the premises, proving the app's reliability. However, slight price variations were observed at certain wet markets, especially in the evenings, as some traders lowered prices to clear out perishable stock. A user, Zaid Zufri, 42, said the app has been useful in helping him plan his daily spending. 'Before coming here, I checked the price of eggs and found a tray being sold for RM12.60 the same price shown in the app. Imported onions were just RM2.90 per kg, which is cheaper compared to other places,' he said at a supermarket in Taman Maluri. For housewife Syahida Ariffin, 45, the app is especially helpful in tracking the prices of controlled items such as cooking oil and chicken, which tend to fluctuate. 'Price Catcher shows the lowest prices at nearby supermarkets and wet markets. I always check the app first before deciding where to shop, and I can save between RM15 and RM30 each time,' she said. Launched in March 2019, Price Catcher currently displays the prices of 480 selected items, which are monitored regularly by KPDN at various premises, including wet markets, hypermarkets, mini markets and grocery stores.
Sinar Daily
5 days ago
- Business
- Sinar Daily
Price Catcher app helps consumers compare prices, manage daily expenses
The app enables users to plan and manage their daily expenses by comparing prices of essential items across various supermarkets and selected retail premises nationwide. 15 Jul 2025 02:17pm Photo for illustration purposes only. KUALA LUMPUR - The Price Catcher mobile application, developed by the Domestic Trade and Cost of Living Ministry (KPDN), is helping consumers compare prices of daily essentials conveniently at their fingertips. The app enables users to plan and manage their daily expenses by comparing prices of essential items across various supermarkets and selected retail premises nationwide. A Bernama check at several supermarkets around the federal capital found the prices displayed on Price Catcher to be consistent with actual prices at the premises, proving the app's reliability. However, slight price variations were observed at certain wet markets, especially in the evenings, as some traders lowered prices to clear out perishable stock. Despite its potential to help users save money amid the rising cost of living, the app remains underutilised, with many consumers still unaware of its existence. A user, Zaid Zufri, 42, said the app has been useful in helping him plan his daily spending more effectively. The Price Catcher mobile application, developed by the KPDN, is helping consumers compare prices of daily essentials conveniently at their fingertips. - BERNAMA FILE PIX "Before coming here, I checked the price of eggs and found a tray being sold for RM12.60 - the same price shown in the app. Imported onions were just RM2.90 per kg, which is cheaper compared to other places,' he said when met at a supermarket in Taman Maluri. For housewife Syahida Ariffin, 45, the app is especially helpful in tracking the prices of controlled items such as cooking oil and chicken, which tend to fluctuate. "Price Catcher shows the lowest prices at nearby supermarkets and wet markets. I always check the app first before deciding where to shop, and I can save between RM15 and RM30 each time,' she said. The survey also found that many users are still unaware of the app's existence, including Fadilah Fauzi, 30, who admitted to shopping at the nearest supermarket without comparing prices. "But now that I know about it, I'm interested in using the app to help cut down on expenses,' she said. Private sector employee Mohd Ashraf Zamri, 35, said his busy schedule had kept him from checking prices before making purchases. "I usually buy standard chicken at RM10 per kg, but after using the app, I found that some places offer it at lower prices,' he said, after downloading the app upon being shown by a reporter. Launched in March 2019, Price Catcher currently displays the prices of 480 selected items, which are monitored regularly by KPDN at various premises, including wet markets, hypermarkets, mini markets and grocery stores. - BERNAMA More Like This
New Straits Times
07-07-2025
- Business
- New Straits Times
OSK enters motorcycle financing with RM16.5mil acquisition of Wilayah Credit
KUALA LUMPUR: OSK Holdings Bhd is expanding into motorcycle financing via the acquisition of hire purchase financing company Wilayah Credit Sdn Bhd for RM16.50 million. In a filing with Bursa Malaysia today, the conglomerate stated that its wholly-owned subsidiary, OSK Retail Capital Sdn Bhd (OSKRC), had entered into a share sale agreement with Platinum Moment Sdn Bhd, which wholly owns Wilayah Credit. "The proposed acquisition will enable the group's consumer financing business to expand into motorcycle financing, which aligns with OSK's strategy to diversify its consumer financing product offering," said the filing. Upon the completion of the acquisition, OSK will arrange for Wilayah Credit to sell three excluded real estate properties located in Kuala Lumpur back to Platinum Moment for RM12.60 million. Completion of the acquisition is expected in 3Q 2025, said OSK. Wilayah Credit has a total issued and paid share capital of RM10 million divided into 10 million ordinary shares.
Borneo Post
02-05-2025
- Business
- Borneo Post
Subsidy removal: Slight increase in egg prices expected, but not drastic for companies
Given the stabilisation in production costs and the adequate supply of eggs, the decision to allow egg prices to float and to gradually reduce subsidies was widely anticipated. — Bernama photo KUCHING (May 2): The federal government's decision to end the egg subsidy and ceiling price did not come as a surprise to analysts as the move aligns with stabilised domestic egg production and a decline in key input costs. In a media statement, the Ministry of Agriculture and Food Security announced the removal of egg price controls, along with a reduction in the egg subsidy from 10 sen to 5 sen per egg effective May 1. The ministry said the subsidy will then be fully phased out by Aug 1, 2025. The statement said nearly RM2.5 billion was spent on egg subsidies between February 2022 and December 2024. Following the removal of the subsidy, the government is expected to save approximately RM1 billion annually. To recap, the previous subsidy was set at 10 sen per egg, with ceiling prices capped at 42 sen, 40 sen, and 38 sen for Grade A, B, and C eggs respectively. This translated into retail prices of RM12.60, RM12, and RM11.40 per tray (30 eggs). Given the stabilisation in production costs and the adequate supply of eggs, the decision to allow egg prices to float and gradually reduce subsidies was widely anticipated. Researchers with TA Securities Holdings Bhd (TA Research) noted that chicken feed remains the largest cost component for poultry producers, accounting for approximately 70 per cent of total production costs. 'Corn constitutes about 75 per cent of chicken feed, while the remainder is primarily soybean meal. We believe current commodity prices remain supportive for poultry companies, with corn, the primary feed component, continuing to trade at relatively low levels,' it commented in an analysis. 'Should commodity prices increase in the future, poultry producers are expected to leverage their improved pricing flexibility to pass on higher costs to consumers. As such, we anticipate that the impact of the full removal of the egg subsidy and ceiling price in August will be manageable for the sector.' With the current 5 sen subsidy set to continue until July 2025, TA Research does not anticipate a drastic increase in egg prices in the near term. Looking ahead, it said any significant rise in feed costs would likely necessitate upward adjustments in ex-farm prices to preserve producer margins. 'For context, a study by the Department of Statistics Malaysia (DoSM) in 2022 indicated that the production cost was 48 sen per egg, during a period when soybean meal and corn prices had soared to their peak. 'Ultimately, we believe the floating egg price mechanism is a step in the right direction, as it allows for more accurate price discovery driven by market fundamentals. Over time, this should support a more sustainable and balanced supply-demand dynamic within the poultry sector,' said the research house. According to data from the Department of Veterinary Services, retail egg prices ranged from 42 sen to 46 sen per egg between July and October 2022, when subsidies were not in place. Since eggs continue to be the most affordable source of protein, the research firm expect the price impact from the subsidy removal, effective August 2025, to be modest. 'We estimate an increase of only 2 sen to 4 sen per egg, mainly driven by cost pass-throughs rather than fundamental changes in supply or demand. As such, we forecast retail egg prices to remain rangebound around 41sen to 45 sen per egg in the near term, similar to 2022 levels when the 5 sen subsidy was still in effect,' it said. Meanwhile, Malaysia's annual egg consumption averages 11.6 billion units, translating to approximately 968 million eggs per month. On the supply side, production reached 16.7 billion eggs in 2023, reflecting a 15.8 per cent year on year increase. This indicates a healthy oversupply in the market. Furthermore, the country's poultry egg self-sufficiency ratio has consistently exceeded 100 per cent. TA Research expects supply to remain resilient despite the subsidy withdrawal, with demand continuing to hold firm as eggs remain the most cost-effective protein source for consumers. ceiling price egg subsidy TA Research TA Securities Holdings Bhd
