Translate
17 October 2023
Floating of chicken, egg prices prevent subsidies from benefiting foreigners, the wealthy
Floating of chicken, egg prices prevent subsidies from benefiting foreigners, the wealthy
Bernama
Oktober 17, 2023
PM Datuk Seri Anwar Ibrahim said that since 2022, the government has allocated a total of RM3.7 in subsidies to cover the cost of chicken and eggs. - Jabatan Penerangan Malaysia (JPM)
Floating of chicken, egg prices prevent subsidies from benefiting foreigners, the wealthy
PM Datuk Seri Anwar Ibrahim said that since 2022, the government has allocated a total of RM3.7 in subsidies to cover the cost of chicken and eggs. - Jabatan Penerangan Malaysia (JPM)
KUALA LUMPUR: The government's move to float the price of chicken and eggs in the market is to ensure that only eligible citizens, and not foreigners or super-rich groups, benefit from the subsidies provided.
Prime Minister Datuk Seri Anwar Ibrahim said that since 2022, the government has allocated a total of RM3.7 in subsidies to cover the cost of chicken and eggs.
This has resulted in approximately 3.5 million foreigners and 10 per cent of the wealthy in the country to also enjoy the benefit of these subsidies.
"Looking at the current market prices, if the price is below the ceiling price, and chicken and eggs in Thailand are cheaper than in Malaysia, then it's time for us to float the prices.
"If there is a shortage, we will supplement from the stockpile. The Agriculture and Food Security Ministry has 30 per cent of the chicken and egg stock, and I have instructed the minister to buy from Thailand if needed," he said during the Minister's Question Time in the Dewan Rakyat today.
He was responding to a question from Datuk Rosol Wahid (PN-Hulu Terengganu) who sought the government's assurance that the move to float the price of chicken and eggs will not burden the people who are already dealing with a high cost of living.
When tabling the Budget 2024 last Friday, the prime minister said the government is considering floating the price of both items as the supply has started to stabilise and the current market price is below the ceiling price.
In his reply today, Anwar said the decision was made after considering various factors through discussions among several ministries, such as the amount of savings in subsidies and the capacity of the Farmer's Organisation Authority (LPP) and the Federal Agricultural Marketing Authority (FAMA).
However, he said the Agriculture and Food Security Minister would announce further details soon.
Responding to Rosol's supplementary question regarding the impact of this measure on the Consumer Price Index, Anwar said the current market prices for chicken and eggs, including wholesale, were still considered low.
To a supplementary question from Ahmad Fadhli Shaari (PAS-Pasir Mas), Anwar said that the government's interference in regulating the price of chicken and eggs was one of the reasons why both local and foreign firms, including those from Thailand, were hesitant to invest in Malaysia's poultry industry.
"Government intervention in terms of pricing makes them unwilling. So now, if we leave it to the market (floating prices) and people face difficulties, we will provide external support, which I think will encourage companies to invest.
"Investors say they cannot invest because they don't know to what extent the government can intervene, so we are making some adjustments to our approach," he said.
Regarding concerns about the rising chicken and egg prices, Anwar said the issue can be addressed through various means, including the provision of the Rahmah Cash Aid (STR).
"That is why we increased the allocation for STR from RM8 billion to RM10 billion (in Budget 2024), considering the people's hardship.
"So it's not true that the government doesn't care (about the people's struggle). In the current financial constraints, the government has reduced expenses to increase allocations for the people," he said.
-- BERNAMA
Popular Posts - Last 7 days
-
Bekas CEO 1MDB bukan saksi yang boleh dipercayai - Peguam Najib Bernama 30/09/2024 Wan Azwan Aiman, yang mewakili Najib, berkata saksi pend...
-
Ringgit diniaga kukuh pada paras 4.1235 berbanding dolar AS Bernama 27/09/2024 Ringgit meningkat semula berbanding dolar Amerika Syarikat p...
-
Bursa Malaysia catat sedikit penurunan selepas kenaikan awal Bernama 30/09/2024 Pada 9.15 pagi, FTSE Bursa Malaysia KLCI (FBM KLCI) merosot...
-
Polis buru penunggang motosikal ragut rantai di Setia Alam Afiezy Azaman 01/10/2024 Perbuatan suspek itu dirakam 'dashcam' milik ken...
-
No more single-use plastic bags at 20 retail chains from Oct 1 - Nga Bernama 26/09/2024 From Oct 1, 20 hypermarkets, supermarkets, convenie...
-
Naomi Campbell banned as charity trustee after probe finds misconduct Bernama 27/09/2024 British supermodel Naomi Campbell has been disquali...
-
Felda mahu pupuk hubungan perniagaan Malaysia dan Indonesia Bernama 01/10/2024 Ahmad Shabery semasa Mesyuarat Kerja Kebangsaan KEIND kali k...
-
Lebih 300,000 rumah mampu milik dibina setakat Jun Bernama 30/09/2024 PR1MA memiliki 88 projek di seluruh negara menerusi pelbagai fasa pemb...
-
'Orang kuat' urus aliran tunai GISB, isteri disambung reman Sinar Harian 29/09/2024 Individu disyaki berperanan sebagai pengendali ...
Popular Posts - Last 30 days
-
Malaysia COVID-19 cases soar above 5k Melissa Fernando ASRTRO AWANI Julai 16, 2022 = Malaysia COVID-19 cases soar above 5k There were eigh...
-
37 individuals remanded in probe into misappropriation of PenjanaKerjaya funds Bernama Julai 15, 2022 MACC today remanded 37 individuals to...
-
All Malaysian pilgrims complete haj pilgrimage Bernama Julai 12, 2022 All 14,305 Malaysian pilgrims have completed the Haj without any unt...
-
BBQ Buffet Buy 2 Free 1 Experience a sumptuous BBQ Steamboat Buffet Dinner with Royale Chulan's exclusive "Buy 2 Free 1&qu...
-
Wan Saiful trial: Prosecution witness says RM38,160 deposited into Sinar Karangkraf account Bernama 18/09/2024 Former Bersatu Information c...
-
Bekas CEO 1MDB bukan saksi yang boleh dipercayai - Peguam Najib Bernama 30/09/2024 Wan Azwan Aiman, yang mewakili Najib, berkata saksi pend...
-
Twitter sues Elon Musk to hold him to $44 billion deal Reuters Julai 13, 2022 The lawsuit accused Musk of "a long list" of viola...
-
Evening Standard Otter attack in Malaysia leaves woman bloodied and unable to stand EVENING STANDARD 12 September 2024 Otter attack in Mal...
-
Officials describe apparent assassination attempt on Donald Trump Trump was the subject of an apparent assassination attempt at his...
Blog Archive
-
▼
2023
(3771)
-
▼
Oct 2023
(286)
- Ayob Khan dahului terima darjah, pingat polis dari...
- Azmir Saifuddin dilantik sebagai CEO Finas
- Pemangku Raja Pahang kurnia darjah kebesaran, ping...
- Soccer - Messi wins record eighth Ballon d'Or for ...
- RTG: Hoki, badminton beregu campuran, digugurkan
- Every Tuesday Enjoy The Freshest Fish & Seafood at...
- Hundreds of thousands protest in solidarity with P...
- Concerts must have 'kill switch' to stop indecent ...
- Astro 2023 Deepavali Music Video
- TMJ mendedahkan Sultan Johor murka terhadap Presid...
- Promosi nasi kandar babi umpama hina industri - PR...
- Chicken subsidy to discontinue from Nov 1 - Mohamad
- Two dead, 16 hurt in shooting among Florida Hallow...
- Prime Minister Anwar Ibrahim arrived in Singapore ...
- After 11 years of being a sex slave to her own fat...
- NSK apologizes over frog meat displayed in seafood...
- Tiada arahan halang individu tertentu beri kuliah ...
- EPL Round-Up: Manchester City Thumps United at Old...
- Israel To Fight Elon Musk Move to provide connecti...
- Shouts of “Daulat Tuanku” greeted The Sultan of Jo...
- Malaysia sambut baik, sokong resolusi UNGA terhada...
- Lewiston massacre suspect found dead, apparently f...
- 'Friends' star Matthew Perry reported dead at 54
- BIG Pharmacy apologises for racially insensitive p...
- Megah Rise Mall entrance car porch ceiling collaps...
- Himpunan 10K Solidariti Palestin berarak dari KLCC...
- Jewish Activist Group Protest In New York Demandin...
- Cops deny claims Putrajaya ambulance crash caused ...
- Murder suspects crash into Johor palace gate while...
- Sultan Johor Dipilih YDP Agong Ke -17
- Polis rampas dadah bernilai RM33.73 juta, tahan tu...
- Warga asing kemalangan rempuh pagar Istana Besar J...
- Hornbill Skyways signs MoU with MAG to take over M...
- A car driven by an individual believed to be a for...
- Johor Sultan elected as 17th Agong, Perak Sultan a...
- Mesyuarat Khas Majlis Raja-Raja hari ini memilih A...
- China ex-Premier Li Keqiang, sidelined by Xi Jinpi...
- Remaja langgar wanita hingga maut akan didakwa, si...
- Over 100,000 commercial crime reports received thi...
- Tiga mangsa pemerdagangan manusia di Peru pulang k...
- Al-Sultan Abdullah tamat perkhidmatan sebagai YDP ...
- At least 22 killed, dozens wounded in Lewiston, Ma...
- Republican Mike Johnson elected US House speaker
- Pembayaran terbuka KTMB Lembah Klang mulai perteng...
- PM Anwar: Govt depts should not entertain letters ...
- KOM terima tajaan RM5 juta daripada CMS untuk temp...
- Police to increase security for PM - IGP
- Tindakan guna foto Wan Azizah bersama Sara Netanya...
- Wan Saiful didakwa atas 18 pertuduhan pengubahan w...
- Police to increase security for PM - IGP
- Permohonan warganegara kini hanya 14 hari
- Sultan Johor pengerusikan Mesyuarat Majlis Raja-Ra...
- Marriage registrations at NRD aren't religious, sa...
- Adam Radlan charged with using RM500,000 of unlawf...
- Rafizi successfully underwent heart stent procedur...
- No plans for end-of-life vehicle policy to remove ...
- PSM's Dr Jeyakumar arrested as eviction of Kanthan...
- Ulsan Hyundai 3 - 1 Johor Darul Ta'zim | AFC Champ...
- MOH revokes notification for five cosmetic products
- PM Anwar Ibrahim - Ucapan Penuh di Himpunan Malays...
- Lautan putih tanda solidariti, lebih 16,000 hadir ...
- 'You picked the wrong person to threaten,' PM hits...
- Sri Lanka exempts visa fees for tourists from 6 co...
- Winners of M Universe and M World 2023 Crowned At ...
- Cubaan bunuh polis, dua lelaki tempatan diberkas
- PENJELASAN POLIS INI SEBENARNYA YANG BERLAKU DI NI...
- Six allies including US and UK call for Israel com...
- 20,000 peserta dijangka hadir Himpunan Malaysia Be...
- Motorcyclist killed in accident involving 14-year-...
- Over 1,600 children killed in Gaza in two weeks - ...
- Lelaki, bekas isteri antara empat ditahan terlibat...
- Saya beri Guan Eng, Najib RM2 juta seorang, ahli p...
- Indonesia presidential candidate Prabowo picks Jok...
- Another arrest made in connection to MYAirline co ...
- Dr Musa Rampas sepanduk! Apa motif demo sebenar?
- PM Anwar Ibrahim Tiba di Kaherah untuk Lawatan Ker...
- Police arrested a man for being in the women's toilet
- Kemalangan kereta Honda CRV di rempuh oleh sebuah ...
- US Blinken: ‘Israel can not go back to the status ...
- First convoy of trucks bring food, water and other...
- Longgar syarat MM2H, kenaikan sewa Singapura tingk...
- Israeli military says Tank mistakenly hit Egyptian...
- Man charged with robbing teenager in lift pleads g...
- Pusat panggilan sindiket pelacuran antarabangsa ka...
- Abdul Hadi kekal Presiden Pas
- Putera Mahkota & PM Arab Saudi, Mohammed bin Salma...
- Derby Day- Liverpool Beat Everton As Arsenal Come ...
- PM Anwar Ibrahim Tiba di Turkiye untuk Lawatan Ker...
- PM Anwar bertemu dengan sysrikat-syarikat gergasi ...
- Malaysia is aware of the risk of fighting for the ...
- Released by Hamas - American mother, daughter reun...
- U.N. chief pleads for Gaza lifeline at Egypt borde...
- PM Anwar bertemu pemimpin industri Arab Saudi di R...
- Remand for MYAirline co-founder extended, says Buk...
- Pemandu Sebabkan Tiga Muslimat PAS Maut Dibebaskan...
- Anwar ucap takziah kepada keluarga Zulkefly Mohama...
- 23 Foreign GRO's Arrested
- Company director arrested for allegedly giving RM1...
- Three accused of kidnapping Palestinian man charge...
- Statement by Think City on Budget 2024
-
▼
Oct 2023
(286)