By ALIFAH ZAINUDDIN / Pic by MUHD AMIN NAHARUL
The government is still reviewing the status of Kedai Rakyat 1Malaysia (KR1M), said Domestic Trade, Cooperatives and Consumerism (KPDNKK) Deputy Minister Datuk Henry Sum Agong.
The government has also yet to decide on ways to address profiteering hitches at KR1M outlets.
“At the moment, we are still looking at it and studying the problem. We have not made any decision as it is still under review. The final verdict will not be made by KPDNKK, as it is for the higher-ups to decide. But we expect it to be resolved
in the near future,” Henry told reporters after officiating Giant Malaysia’s “Lock-on-Low” campaign in Shah Alam yesterday.
Recently, KPDNKK Minister Datuk Seri Hamzah Zainuddin said the government will launch KR1M 2.0 soon to improve the existing operations of the government-initiated programme.
Hamzah said discussions will be held with KR1M operator MRT Retail Sdn Bhd — a subsidiary of Mydin Mohamed Holdings Bhd — before further details on KR1M 2.0 can be revealed.
KR1M was recently put in the spotlight for allegedly selling goods at above market prices.
In response to the claims, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi had ordered KPDNKK to immediately terminate the contracts of the company appointed to operate KR1M for the misconduct.
Mydin Mohamed Holdings Bhd, as the sole operator of all KR1M outlets, has refused to comment on the assertions, stating that the KR1M project was an unprofitable venture undertaken for the public good.
Meanwhile, GCH Retail (M) Sdn Bhd, the owner of hypermarket chain Giant Malaysia, launched its latest low-cost campaign aimed at helping consumers lessen their household expenditure after the Hari Raya period.
The campaign, which will run until Dec 31 this year at all 123 Giant stores nationwide, will see 500 of the hypermarket’s best-selling items sold at an unchanged price over the next four months.
Henry said Giant Malaysia’s pledge to offer lower prices is a move which should be emulated by all retailers as it not only benefit their respective patrons and remain competitive, but to also grow the nation’s economy.
“In Malaysia, food and non-alcoholic beverages are the second-largest expenditure group on a monthly average spending basis. Giant Malaysia’s move to hold the price of 500 items until the end of this year will effectively be beneficial for consumers,” he said.
GCH Retail CEO Pierre-Olivier Deplanck said the low price offerings extend to a wide range of everyday products with discounts averaging between 5% and 20%.
“With the introduction of the campaign, we hope consumers will be less burdened by rising costs, get more value for their ringgit and are able to set some money aside when shopping at our premises,” said Deplanck.