,Prime Minister Ismail Sabri Yaakob says Malaysia is not the only country in the world that is affected by rising living costs. – The Malaysian Insight pic by Nazir Sufari, July 2, 2022.新2投注平台出租（www.hg108.vip）是皇冠（正网）接入菜宝钱包的TRC20-USDT支付系统，为皇冠代理提供专业的网上运营管理系统。系统实现注册、充值、提现、客服等全自动化功能。采用的USDT匿名支付、阅后即焚的IM客服系统，让皇冠代理的运营更轻松更安全。
THE government is implementing short-, medium- and long-term measures to address rising living costs, Prime Minister Ismail Sabri Yaakob said.
He said these included providing RM70 billion in subsidies this year to ensure that the people were not burdened by the situation in the country.
“I would like to explain that the (rising) cost of living is not only happening in Malaysia but all over the world. Malaysia is not on a different planet and we are interconnected with other countries.
“For example, chicken is the most sensitive issue. We had to import chicken feed because we are not producers of corn and soy. This has resulted in the increase in the prices of goods,” he said at the opening of the Malaysian Trades Union Congress (MTUC) 42nd triennial delegates’ conference today.
Ismail said the inflation rate in Malaysia, which is currently at 2%, is still considered low compared with other countries such as the United States (9%), European countries (8-10%) and the United Kingdom (12%).
“Our inflation rate is low because we (the government) are giving out subsidies. Without subsidies, our inflation rate may go up to 8-11%.
“(Hence) to ensure that the people are not burdened, the government continues providing subsidies even though there are some products that do not need subsidies,” he said.
In a related development, Ismail also proposed to MTUC to set up a team of volunteers to monitor and report any issues related to the prices of goods to the government.
He said such an effort would assist the government in collecting input from the public, in addition to reducing the misappropriation of subsidised goods.
“The government is ready to listen to constructive suggestions from all quarters because we don’t know everything and we need feedback from the people,” he said. – Bernama, July 2, 2022.