Government committed to controlling cost of living, says finance minister

KUALA LUMPUR, June 30 — The government is committed to controlling the cost of living in the country when it provides an additional subsidy allocation of RM370 million for July and August this year.

For a period of five months, from February to June, he said the government had provided an allocation of around RM730 million to subsidise chicken and egg prices. "The government is constantly increasing assistance and subsidies to the people to help address the cost of living challenges," he said in a statement here today."For example, in Indonesia chicken is sold for RM12.44 per kg, Thailand ; Brunei ; Singapore ; the Philippines ; and Vietnam ,” he said.

Based on the Department of Statistics Malaysia’s simulations, he said Malaysia’s May inflation rate could have reached 11.4 per cent, but the subsidy policy helped curb inflation to 2.8 per cent.

Source: News Formal (newsformal.com)

Stop the corruption and cronyism/ monopolys policy, first. Recover the siphoned monies. Carry out the sentence on those convicted. Remove those incompetent civil servants.

He earned RM8M per annum during his time as CIMB CEO.

CPO price down but cooking oil still up! What subsidies you are talking about?

Like how? tzafrul_aziz jgn sembang je

Beyond Kuala Selangor?

Yeah. All talk.

Committed suicide ke

What exactly is the govt doing about controlling price of everything? How about freezing sales taxes for 12 months, halving all import taxes and taking a 80 percent paycut? And prop up the ringgit. That will help.

Give example which cost has been controlled.

Meaningless words.

Really.

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