,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.Telegram中文群组列表（www.tel8.vip）是一个Telegram群组分享平台，Telegram中文群组列表包括Telegram中文群组列表、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram中文群组列表为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
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.