Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz has lauded the government’s continued increase of assistance and subsidies for the rakyat to help ease the rising cost of living. In fact, he has recently revealed that without government subsidies, Malaysia’s inflation rate for the month of May would’ve been as high as 11.4%.
As reported by national news agency Bernama, the Finance Minister elaborated that the government’s subsidy policy helped in curbing the inflation rate to 2.8%. He further stressed that the government will continue to provide subsidies and cash assistance to protect the rakyat from the burden of rising costs of living.
As we’ve reported previously, the projected subsidy for this year has now exceed RM77.3 billion. In fact, the figure is now at around RM77.7 billion given the latest allocation by the government for chicken and egg subsidies worth RM370 million for the months of July and August 2022.
Furthermore, Tengku Zafrul said that the government has also allocated RM730 million to cover the subsidy costs of the two food items from February to June. The chicken subsidies in particular has made the chicken prices in Malaysia among the lowest in Southeast Asia.
What do you guys think of the statement by the Finance Minister? Share your thoughts with us in the comments!
WATCH: M’sian Coast Guard Heroically Rescues 5 Fishermen Stranded On A Rock In Rough Seas
Five local fishermen who were stranded on Pulau Batu Berantai in Selangor owing to heavy weather, which was 1.4 nautical...
5yo French Boy Dies After Jellyfish Sting In Pangkor Island
The sea is a beautiful place to be when the weather is hot. However, we must never forget that other...
Zahid Hamidi Shows Support To Najib Following Court Decision, Urges UMNO Fans Not To Lose Hope
On August 16, former Prime Minister Datuk Seri Najib Razak had his application to produce new evidence in his final...
Johor To Implement 4-And-A-Half Days Of Work Per Week By Year End?
For many decades, humans around the globe have been working on a 5-day work schedule and it wasn’t until the...
Super Idol Winner & M’sian Singer Eison Chai Found Dead At Train Station In Taiwan
Death often creeps in unexpectedly. Just yesterday (August 17), a Malaysian pop singer based in Taiwan met his demise after...
JUST IN: First Human-To-Pet-Dog Transmission Of Monkeypox Has Been Confirmed In France
While the world is still battling Covid-19, the sudden outbreak of monkeypox has caused a lot of stress to people...
15yo Girl & 3 Male Friends Arrested After They Were Found At Kedah Motel With Used Condoms
A teenage girl was arrested along with three male friends after a motel they were at in Padang Temusu, Kedah,...
KLIA & Langkawi International Airport Named Among World’s Best Airports; Netizens Disagree
KL International Airport (KLIA) and the Langkawi International Airport (LGK) have been listed among the world’s best airports for Q2...
M’sian DJ Remixes Voice Notes From Viral Gas Cylinder Incident
Earlier in the week, a post was shared on a FB group regarding a Malaysian Auntie constantly going MIA from...
Malaysian Husbands Try Steaming Their Wives Favourite Clothes
Malaysian Memoirs | The Accident That Changed Everything (The Kumaar Family Story)
Social Stories21 hours ago
“My grandfather will look for you” – M’sian Jokes About Deliveryman Who Left Package Inside Joss Paper Burner
Social Stories22 hours ago
Woman Shocked That She Has Been A Mistress To Her “Husband’ For 10 Years
Social Stories23 hours ago
Ballsy Alicia Amin Stands Up Against KLFW Founder Andrew Tan For Delaying Payment To Models
Social Stories24 hours ago
M’sian Woman Warns Netizens To Be Vigilant As Man Tried To Hijack Her E-Hailing Ride , Claiming To Be Her