Economic Education


Category: My Life
Published Date Written by Jason Loo


I am sure many of you would have noticed the news of the past 2 weeks on the rise of prices of electricity and sugar. Also, a lot of restaurants and eateries have pledged not to raise their prices.

However, I also found out that producers of certain products have also started to reduce the contents of their products while charging at the same price. Noted this products are not controlled price  items and the producer is free to charge whatever they like.

For example, a popular chocolate malt packet drink was reduced from the standard 250ml to 200ml packet. Price was advertised to be the  same but I have not seen any announcement made on the reduction of the contents.

My advise to all consumers from now on is to re-evaluate the usual products that you are buying and ensure that the contents have not been reduced but sold at the same price. Examples might be  cooking oils, canned products, bottled drinks etc.

Recently returning from a teambuilding course, I found out an interesting fact from the trainer who gave me a rather useful tip.

According to him, he trained his son to read from the various brochures that the hypermarkets frequently send out to customers. He explained to me (who's proudly a dad-to-be) .... why waste money  in buying fancy coloring or story books ... when you can use the free brochures to teach your children.

Moreover, the brochures provide a great detail of information such as

1. Color and look of the product (for example instead of just Fish) - this allows the child to understand and visualize the product.

2. Variety of product - the brochure enables the child to recognize different variety of product such as ikan bawal putih, ikan bawal emas etc

3. Multi-language - BM and English wordings available

4. Price comparisons - multiple hypermarket brochures provide the opportunity to compare and select the best prices thus teaching the child to learn to save ! :)

Honestly, I have a habit as well to go through hypermarket brochures, newspaper ads as well as computer parts price list whenever I can. It provides the opportunity for me to find out about products  out there and what constitutes prices and quality.
So, for parents out there, start your children at an early stage to learn about the economies of living. I believe this is a necessity in light of rising prices in every aspect of our day-to-day lives.

For those who prefer to read the brochures online, here are some sites which I found to be useful :







On another note, I am sure most of you consumers have read about the 1Malaysia Price Portal having problems accommodating the number of visitors lately. Well, good news is I have tried it out and  there doesn't seem to be any problem anymore.

Here's an analysis of the portal and what kind of facilities it provides. URL as below ...

Next week, i will present the features available in 1Pengguna for all dear readers. So, stay tuned for the next chapter of Economic ramblings from me !! :)