,Finance Minister Tengku Zafrul Abdul Aziz says Malaysia is not exempt from the global inflationary pressures and it means that rising prices is inevitable. – The Malaysian Insight file pic, June 30, 2022.足球博彩app（www.hg108.vip）是一个开放皇冠即时比分、代理最新登录线路、会员最新登录线路、皇冠代理APP下载、皇冠会员APP下载、皇冠线路APP下载、皇冠电脑版下载、皇冠手机版下载的皇冠新现金网平台。足球博彩app上登录线路最新、新2皇冠网址更新最快,足球博彩app开放皇冠会员注册、皇冠代理开户等业务。
THE government is committed to controlling the cost of living in the country by providing an extra RM370 million in subsidies for July and August this year, according to Finance Minister Tengku Zafrul Abdul Aziz.
He said the additional subsidy follows the Agriculture and Food Industries Ministry’s announcement yesterday about chicken and egg prices, making the projected subsidy expenditure for 2022 to RM77.7 billion.
From February to June, he said the government had spent around RM730 million to subsidise chicken and egg prices.
“The government has spent RM1 billion, namely additional chicken and egg subsidies for two months, namely July and August, as well as additional cash worth RM630 million paid to recipients of Bantuan Keluarga Malaysia from June 27.
“The government is constantly increasing assistance and subsidies to the people to help address the cost of living challenges,” he said in a statement today.
Tengku Zafrul said Malaysia has among the lowest chicken prices in the region.
“For example, in Indonesia chicken is sold for RM12.44/kg, Thailand for RM11.65/1.2kg-1.4 kg; Brunei for RM14.65/kg; Singapore for RM24.25/kg; the Philippines for RM16.59/kg; and Vietnam for RM23.09/1.2kg-1.4kg),” he said.
Meanwhile, Tengku Zafrul said Malaysia was not exempted from the global inflationary pressures and it meant that rising prices of goods were completely inevitable.
Based on the Department of Statistics Malaysia’s simulations, he said Malaysia’s May inflation rate could have reached 11.4%, but the subsidy policy helped curb inflation to 2.8%.
“The government will continue to provide subsidies and cash assistance to protect the people from the rising cost of living,” he said. – Bernama, June 30, 2022.