Govt planning mechanism to manage cost of living, tame inflation, says Rafizi

  • 📰 staronline
  • ⏱ Reading Time:
  • 29 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 75%

Rafizi Ramli News

Economy,Inflation,Wage

From TEE HOOI LING, Wanita MCA National Deputy Chairman.

PUTRAJAYA: The government is planning a mechanism to manage the cost of living and tame the country’s inflation, says Rafizi Ramli .

"In the past, some quarters, every time we talk about pushing for higher wages, they will always give the drawback of inflation but I don’t think it is a mutually exclusive situation. "That’s why the mechanism has to be done with careful planning,” he told the media after the launch of Innovathon Season 2 on Wednesday .

Rafizi said this in response to questions by the media following the government’s decision to increase civil servants’ salaries by 13% and the introduction of the flexible Account 3 by the Employees Provident Fund .

Economy Inflation Wage Growth Cost Of Living Mechanism

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Govt sticking with plan to cut fuel subsidies this year, says RafiziAMSTERDAM (Reuters) -ASML, the largest supplier of equipment to computer chip makers, on Wednesday reported first-quarter earnings of 1.22 billion euros ($1.30 billion), and a worse-than-expected inflow of new bookings of 3.6 billion euros.
Source: staronline - 🏆 4. / 75 Read more »

Rafizi Says Govt Will Go Ahead With Petrol Subsidy Cuts This YearThis will answer your question about the duration of fuel subsidy. The Minister of Economy, Rafizi Ramli recently confirmed that the government will cut down
Source: WORLDOFBUZZ - 🏆 19. / 53 Read more »

Rafizi says govt to nurture risk-taking culture for Malaysia’s futureKUALA LUMPUR, April 22 — A culture that is willing to embrace risk-taking and innovation must be cultivated if Malaysian start-ups are to go far and last, Economy Minister Rafizi...
Source: malaymail - 🏆 1. / 86 Read more »

Rafizi: Govt to share details on subsidy rationalisation mechanismKUALA LUMPUR, April 25 ― Economy Minister Rafizi Ramli said the government will share details on the subsidy rationalisation plan, including its criteria and implications...
Source: malaymail - 🏆 1. / 86 Read more »

Govt to share details on subsidy rationalisation mechanism: RafiziKuala Lumpur: Economy Minister Rafizi Ramli said the government will share details on the subsidy rationalisation plan, including its criteria and implications soon.
Source: DailyExpress_MY - 🏆 3. / 83 Read more »

Rafizi: Govt to share details on subsidy rationalisation mechanismPETALING JAYA: The Employees Provident Fund (EPF) has launched Account 3 with members given a one-time opt-in option to transfer funds from their Account 2 to the newly launched 'Akaun Fleksibel'.
Source: staronline - 🏆 4. / 75 Read more »