PUTRAJAYA: Restaurant operators are claiming that they had only increased prices marginally even though fresh produce cost much more these days.
Malaysian Indian Restaurant Owner’s Association president Govindasamy Jayabalan said prices of essential raw material like milk, vegetables, beverages and flour had also increased.“We are surprised about the Economy Minister Rafizi Ramli’s recent statement and we hope that he goes to the ground to see the actual situation,” he said, when contacted yesterday.
Govindasamy also said that the sector faced labour issues, with many employers having to pay higher wages for workers.“All these need to be considered and we need some time to get back on our feet,” he said. According to Jawahar, there has been no reduction in the price of goods in the market that would warrant a reduction in food prices at restaurants registered under Presma.
“Prices of consumer goods are determined by supply and demand; and supply and demand are subjective evaluations.“This is not only true for the prices of consumer goods but also for the prices of production factors,” he explained.
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