Former Prime Minister Tun Dr Mahathir Mohamad today urged the private sector to voice out their concerns to the government on the impending price hikes.
He said that it was the duty of the business community to point out to the government how the price hikes would affect them as the government may not be aware of the situation faced by the private sector.
"They can send a memorandum (or) meet the government (leaders) to explain their side (of the concerns). It's up to the private sector to tell the government that if the price hike takes place, it will affect them.
"And if it affect us (business community), it will affect the government (too)," he told reporters after appearing as a special guest on RTM2 talkshow live programme "Hello On Two" at Wisma TV in Angkasapuri Thursday.
Many Malaysians are bracing for a tough year ahead due to the government's cost-cutting measures to cut down public sector spending, reduce subsidies for fuel and increase in prices of consumer goods and services.
Earlier, during the talkshow, Dr Mahathir predicted that the year ahead would be gloomy due to recent issues over race relations in the country.
"2014 is going to be a "difficult" year because Malaysia has never before been faced with some of the current controversies and confrontation surrounding race relations.
"People are becoming more liberal and they are demanding for more freedom," he added.