Channel NewsAsia - 58 minutes
ago
Prices of Lunar
New Year goodies going up
SINGAPORE: Prepare more cash for the coming Lunar New Year
celebrations as prices of New Year goodies are rising, largely due
to the 45 percent increase in the price of flour from
Malaysia.
All 21 outlets of Sheng Siong supermarket are increasing the prices
of their Lunar New Year goodies from Malaysia by 10 to 20
percent.
To attract customers, it is offering promotional prices to offset
half of the price increase.
Supermarket chain NTUC FairPrice said Malaysiaimported New Year
goodies make up 60 percent of the New Year products in their 82
branches around Singapore, and these food items will have a price
increase of 20 percent.
But its goodies from Indonesia are not affected by the price
increase. CNA/so