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Najib Urges Hypermarkets To Reduce Prices

By Thursday November 13th, 2008 No Comments

PUTRAJAYA, Nov 12 (Bernama) — Deputy Prime Minister Datuk Seri Najib Tun Razak has urged hypermarkets to embark on genuine price reduction and to do so sincerely not because of directives from the government.

He said genuine price reduction would benefit the people who were burdened by price increases.

“It is the government’s wish to ensure the country continues to achieve progress amid ongoing global economic crisis and ensure that the economy is growing at an appropriate rate so that we can continue implementing programmes for the people.

“Price reductions have been carried out by huge hypermarkets such as Mydin, Giant and Carrefour. This will certainly benefit the consumers as a whole,” he said at Carrefour Malaysia’s price reduction campaign here Wednesday.

Najib, who is finance minister, said the price reduction of up to 50 per cent by Carrefour would enable the consumers to save on their household expenses, which had been on the increase lately due to the economic crisis.

Najib said the campaign should also be emulated by other segments of the market.

“Let us have restaurant operators doing the same by reducing the prices of food and beverages… let’s have lower prices for our teh tarik, nasi kandar, tosai, banana leaf rice and so on,” he said.

Carrefour’s price reduction campaign would take place for a period of six months from today, involving over a thousand types of item.

This is Carrefour’s second price reduction campaign this year after a similar campaign in March.

Also present were Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad and Carrefour Malaysia’s senior advisor, Datuk Seri Abdul Aziz Shamsuddin.

Source : Bernama

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