News

McDonald’s Not Planning To Raise Prices In The Near Future

McDonald’s Malaysia is not planning to increase its prices in the near future despite the rising cost of ingredients and inflation challenges.

However, the company will continue to review its cost structure based on the current economic situation and demand for fast food, said vice-president and chief marketing officer, Melati Abdul Hai.

“Businesses have been impacted as the US dollar has gone up, so the cost is higher for us, but we will try to manage it. Nonetheless, we have no plans (to raise prices) for now.

“As for next year, we are still putting our plans together so it’s really hard to say,” she told Bernama on the sidelines of the ‘Taste the Change With McDonald’s Iconic Burgers’ media event here, today.

Melati said the price of McDonald’s meals has been increasing but at a very minimal level of one percent or lower as the company is prioritizing consumer sentiment.

“It is important for us to offer good value to our customers. When they come to McDonald’s, they will get really tasty food which is hygienically prepared at affordable prices,” she said.

She added that McDonald’s Malaysia is currently implementing its five-year business plan, Vision 2026, which includes the opening of 205 new outlets by 2026.

Currently, the company has more than 330 restaurants, employing more than 15,000 workers nationwide.

Sources: BERNAMA

Adib Mohd

Recent Posts

Pandora’s “Colour Pop” Collection Is Serving Summer Energy in Every Sparkle

Looking to brighten up your style this summer? Pandora's latest “Colour Pop” collection is bringing… Read More

23 minutes ago

Zoom into Brilliance, HUAWEI Pura 80 Series Arrives in Malaysia with Unmatched Camera Power and Striking Design

HUAWEI Malaysia has officially unveiled its next-generation flagship lineup, the HUAWEI Pura 80 Series, setting a… Read More

1 day ago

PayNet Joins MIT CSAIL’s FinTechAI Initiative as Sole Malaysian Member, Pioneering Ethical AI in Finance

Payments Network Malaysia Sdn Bhd (PayNet) has been named the sole Malaysian founding member of… Read More

1 day ago

NakNak’s Bold Bulgogi Series: Big Flavours, Korean Vibes & A Side of Curly Fries

Homegrown quick service restaurant brand NakNak is turning up the flavour this season with the… Read More

2 days ago

Eco-Shop Ushers in Merdeka Spirit with Nationwide “Satu Senyuman, Seribu Makna” Campaign

Eco-Shop, Malaysia’s Leading Ultra Affordable Household Retailer, is calling on Malaysians to rediscover the beauty… Read More

2 days ago

Stephen Curry Takes Curry Camp Global, First Stop, Asia!

Stephen Curry is going global. For the first time ever, his iconic Curry Camp is… Read More

2 days ago

This website uses cookies.