Wednesday 18 April 2007

Malaysian Footwear Suffers Inflation

Increase in plastic and leather materials crucial in footwear is quoted as the main factor for the increase in footwear price. Besides that, 80% of raw materials used to manufacture footwear are imported. Very soon, the Malaysian Footwear Manufacturers Association will impose this 10% rise in footwear though there is still yet to be a fixed date.

The last increase was seven years ago, according to Star Online Nation "Footwear to cost 10% more soon".

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