Why Singaporean mothers buy baby milk formula in Malaysia
The average price for a tin in Singapore has shot up 120 per cent in the last decade, forcing families to take drastic measures to save money
She grabs eight to 10 tins at a time for her three children, aged between one and four, grateful that the currency exchange rate is heavily in her favour.
With the Singapore dollar at a record high against the Malaysian ringgit at S$1 to 3.08 ringgit (HK$5.52), the savings for the administrative executive are substantial. A tin that would set her back S$86 at home costs only half the price in Malaysia.
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“I used to buy formula milk in Singapore for my first two children,” the 34-year-old told This Week in Asia. “But by the time my third kid came along, prices had increased by so much. It became a real burden to pay that kind of money. I had to think of alternatives, so why not Malaysia?”
High prices for formula milk in Singapore have forced many young parents like her to find creative ways to manage household budgets – even if that means travelling internationally for baby’s next feed.