00:00While the government has rolled out various measures to protect Malaysians from the economic impact of the Iran war,
00:07the Federation of Malaysian Consumers Association says consumers themselves must do their part and spend responsibly.
00:15FOMCA President N. Marimutu told FMT that panic buying and poor financial habits
00:21could mess the entire system as consumer behavior plays a key role in price and supply stability.
00:28Marimutu said Malaysians must also be willing to adjust their spending habits,
00:32describing this shift as a necessary change in consumer behavior in such times.
00:38He also urged households to better manage their finances, saying it was a consumer mantra that many have forgotten.
00:46Among the steps he suggested were managing food costs by cooking at home and planning purchases weekly
00:52instead of making frequent trips that could lead to waste.
00:55Marimutu also encouraged consumers to support locally produced products,
01:01saying more affordable options are often available from small traders and roadside sellers.
01:07Hanyu Jo, FMT.
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