Unilever to maintain product prices ahead of GST – Bernama

Unilever Food Solutions Malaysia (UFSM) will likely maintain its product prices ahead of the implementation of the goods and services tax (GST) next April.

"We are currently studying the trends. In terms of pricing, we expect there will be not much change, it could probably remain or decrease slightly, and any changes will be announced by the end of February or March," national sales manager Eric Chong said in Johor Baru today.

In response to a question on changes to product prices with the GST implementation, Chong said the general trends could only be seen after six months later.

"Definitely, we are not going to be profiteers. We are not going to make any profit post-GST, and any cost-saving will be passed back to consumers," he said.

Among Unilever food products in Malaysia are Wall’s, Lipton, Knorr, Lady’s Choice and Planta, while its non-food products include Dove, Lux, Clear, Lifebuoy, Ponds, Breeze, Ekonomi Handalan, Sunsilk, Fair & Lovely and Rexona. – Bernama, December 21, 2014.