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Yakun increases prices again now so that they can increase it again after 1 Jan GST increase. Total price increase is 31% so far vs 1% GST increase

Hightech88

Alfrescian
Loyal
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Hightech88

Alfrescian
Loyal
Farking CB Yakun should be investigated and charged but unfortunately unlike Msia with their Price Control and Anti-Profiteering Act 2011 (PCAA), Singapore does not have an Anti-profiteering Act.

Singapore so far only has a ranjiao toothless Committee Against Profiteering (CAP), LOL.

https://www.cap.gov.sg/aboutcap
What is the Committee Against Profiteering (CAP)?

The CAP was reconvened on 16 March 2022, to investigate feedback on unjustified price increases of essential products and services that use the Goods and Services Tax (GST) increase as a cover.

The CAP was first set up in 1994 with the introduction of GST. It was reconvened during previous rounds of GST increases in 2003 and 2007. The present committee is chaired by Minister of State for Trade and Industry Ms Low Yen Ling and comprises Members of Parliament (MPs), and representatives from the industry and grassroots organisations.

Members of the CAP

Chairperson
1. Ms Low Yen Ling, Minister of State for Trade and Industry

Members
2. Mr Hong Poh Hin, Chairman, Foochow Coffee Restaurants and Bar Merchants Association
3. Mr Ernie Koh, President, Singapore Retailers Association
4. Mr Andrew Kwan, President, Restaurant Association of Singapore
5. Mr Lam Yi Young, CEO, Singapore Business Federation
6.Mr Lim Hock Chee, CEO, Sheng Siong Group
7. Mr Loh Wee Lee, CEO, Lazada Singapore
8. Ms Hazel Poa, Non-Constituency Member of Parliament
9. Mr Seah Kian Peng, Deputy Chairman, NTUC Fairprice Group
10. Mdm Amatul Jameel Suhani, Chairperson, People’s Association Malay Activity Executive Committees Council
11.Mr David Tan, President, Singapore Food Manufacturers’ Association
12.Mr Yeo Hiang Meng, President, The Federation of Merchants’ Associations, Singapore
13.Mr Melvin Yong, President, CASE

What does the CAP do?

The CAP focuses on essential food items commonly consumed or used by Singaporean households, such as eggs, chicken, vegetables and meals from hawker centres and coffee shops, as well as non-food essentials like household products. It will review and investigate feedback on unjustified price increases of essential products and services that use the GST increase as a cover.

The CAP will not add any regulatory burden on businesses. Its role is to strengthen transparency and enable free market competition to function as it should.

How does the CAP carry out an investigation?

The CAP will work with partner agencies and organisations, including the Competition and Consumer Commission of Singapore (CCCS), the People’s Association (PA) and the Consumers Association of Singapore (CASE), to assess the feedback provided on an unjustified price increase and engage with the relevant business where necessary.

As part of the investigation process, the CAP will evaluate the explanations provided by the business for the price increase, to determine if it constitutes profiteering on the GST increase. The CAP may make public errant businesses that seek to profiteer on the pretext of rise in GST.

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SinkieExile

Alfrescian
Loyal
Just don't eat Yakun. What they sell you can also buy from normal coffeeshop outside even if it's not exactly the same or as nice (debatable). End of the day price matters.
 

ChinaCommunistSG

Alfrescian
Loyal
I always talk to grass root leaders and they always tell me that Singapore prices must keep increasing so that we have sufficient tax money to maintain our ministers pay and top civil servant salaries. Without them, our cost of living will even be higher

Think about it, we pay higher prices so that we can pay high minister pay and in return these ministers help us to lower our cost of living by increasing GST
 
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tobelightlight

Alfrescian
Loyal
I always talk to grass root leaders and they always tell me that Singapore prices must keep increasing so that we have sufficient tax money to maintain our ministers pay and top civil servant salaries. Without them, our cost of living will even be hire.

Think about it, we pay higher prices so that we can pay high minister pay and in return these ministers help us to lower our cost of living by increasing GST
Let me guess. These are the words coming from someone highly vaccinated and multiple boosted.
 

bushtucker

Alfrescian (Inf)
Asset
Still will have sinkies patronize regardless of 9% GST. Cos they want quick and convenient no matter the price.
 
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