Public must help curb profiteering even if inflation is kept under control

Free Malaysia Today

Madeline Berma says public monitoring and cooperation are essential to oversee traders who take advantage of SST expansion by raising prices without reasonable justification.   Read More:  https://www.freemalaysiatoday.com/category/nation/2025/07/02/public-support-key-to-curbing-profiteering-inflation-says-economist   Laporan Lanjut:  https://www.freemalaysiatoday.com/category/bahasa/tempatan/2025/07/02/pengguna-perlu-bantu-banteras-pencatutan-inflasi-kata-ahli-ekonomi   Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------  Check us out at https://www.freemalaysiatoday.com  Follow FMT on Facebook: https://bit.ly/49JJoo5  Follow FMT on Dailymotion: https://bit.ly/2WGITHM  Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h  Follow FMT on TikTok : https://bit.ly/3uKuQFp  Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX  Follow FMT LinkedIn - https://bit.ly/42YytEb  Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj  Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------  Download FMT News App:  Google Play – http://bit.ly/2YSuV46  App Store – https://apple.co/2HNH7gZ  Huawei AppGallery - https://bit.ly/2D2OpNP   #FMTNews #SST #Inflation #CurbProfiteering

Transcript

00:00An economist says the government's move to reduce the impact of the expanded sales and service tax

00:06should be fully supported by all parties, particularly consumers, to curb profiteering.

00:12Madeleine Burma, a senior fellow at Institut Masa Depan, Malaysia,

00:16said based on projections by the finance ministry and research firms,

00:20the expanded SST, which came into effect yesterday,

00:23was expected to have a limited short-term impact, including on inflation.

00:27The estimated increases ranged from 0.25% to 1.6%.

00:32However, Madeleine cautioned that the government needs to enhance monitoring

00:36to prevent a sudden increase in the cost of living due to profiteering or unjustified price hikes.

00:43She also said the public must cooperate by providing information and evidence

00:47regarding unjustified price increases to the domestic trade and cost of living ministry.

00:52Abu Sofyan Yaakob from ICAT University College said,

00:56while minimal inflation may be felt over the next 12 months, it is expected to subside thereafter.

01:03He noted that the B40 and M40 income groups are likely to experience minimal impact

01:08as they generally do not consume imported goods or high-end food items such as king crabs.

01:15However, he suggested that the government revisit the list of goods and services

01:19affected by the SST expansion after a certain period.

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01:25Atosha Boost FMG

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