10/7/2017 More Kedai Rakyat 1 Malaysia (KR1M) 2.

0 to be opened

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More Kedai Rakyat 1 Malaysia (KR1M)

2.0 to be opened
Posted on 28 September 2017 - 02:09pm
Last updated on 28 September 2017 - 03:56pm
G. Surach
newsdesk@thesundaily.com

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Kedai Rakyat 1 Malaysia (KR1M) 2.0 outlets to be opened when it is officially relaunched by the for Sabah projects
middle of next month. More Malaysians opt to stay in active
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Its minister, Datuk Seri Hamzah Zainudin said, compared to its predecessor, Mydin which had
intended to open at least one KR1M outlet in each 222 parliamentary constituencies, the companies
being engaged should be able to open as many KR1M outlets that they can sustain.

"The ministry is currently engaging with more than 10 companies to assess their capabilities to
operate KR1M 2.0 and provide fair pricing.

"Unlike before, we want them to open 1,000 or even up to 2,000 KR1M 2.0 outlets if possible.

"All we want is that the companies that will be given the responsibility to handle KR1M will be able
to carry out the trust properly.

"The Government is always ready to provide them incentives," he told reporters after attending the
ministry's monthly meeting here, yesterday.

Hamzah further said the Ministry will be engaging petrol station owners in an effort to market the five
essential goods under the KR1M 2.0 label.

"We are engaging with Petronas among other wholesalers to supply essential items such as rice, LISTENING TO THE FINANCIAL CROWD

sugar, flour, cooking oil and LPG under the KR1M 2.0 label," he said. Top 10 talked about stocks

In an effort for KR1M 2.0 to be successful compared to its predecessor, Hamzah said products will FBM KLCI STI HSI Nikkei CSI 300

simply be labelled with the KR1M 2.0 stamp rather than "simple repackaging".

"For instance, the condensed milk brand Dairy Champ.

"When it was repackaged with a white-coloured paper and sold at KR1M outlets, people were not so
keen on it.

"The repackaging gave a poor impression and that is what we want to change.

"We will not remove the original packaging but stamp the KR1M 2.0 label on it instead," he said. Updated: 07.10.2017, 09:44

The exact launch of the KR1M 2.0, next month, he added will be decided by Prime Minister Datuk
Seri Najib Abdul Razak. Opinion

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10/7/2017 More Kedai Rakyat 1 Malaysia (KR1M) 2.0 to be opened
The KR1M stores were launched in 2011 as a government-backed initiative to mitigate rising costs Reverse decline in English
OFF THE CUFF
of living.
MALAYSIANS once stood tall in the
Commonwealth for their proficiency
Mydin which had operated the KR1M chain, was responsible responsible for the stores, its products
in English but sadly...
and systems.

However, in July Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi had taken them to task Football Fixtures & Results
for allegedly selling basic goods at above prices and instructed the ministry to terminate the contract
Sun., 01.10.
to operate KR1M.
1:1
(1:1)
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