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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