HEADLINES

Rahmah Rice Sales to be launched amid supply shortage

Domestic trade ministry says RM150 mil allocated to subsidise prices at sales programme

5:57 PM MYT

 

KUALA LUMPUR – The Domestic Trade and Cost of Living Ministry will be launching Rahmah Rice Sales amid the price hike for imported rice and the shortage of local rice.

Deputy minister Fuziah Salleh said through the programme, consumers could obtain rice at subsidised prices via an RM150-million allocation passed by Parliament.

“Rice is a controlled item, for which (the ministry) has no authority to control its price,” she said. But she added that, due to public grouses, the ministry is seeking ways to deal with the price hike for imported rice and the shortage in the local supply.

She was winding up the debate of the mid-term review of the 12th Malaysia Plan for her ministry at the Dewan Rakyat today.

Apart from that, she said – with the country’s dependence on imported raw materials such as sugar and onions – the ministry has implemented a mechanism to control the price of such goods.    

“Now, Malaysia is dependent on imported goods… we are tied with the source countries, for example when India stops exporting sugar and wants ro raise the export tax on onions, the moves will have an effect on our country.

“However, we will try our best to manage. For example we impose a ceiling price so that we can control the sugar price. Later, we control and subsidise in the case of eggs, grade A, B, C and D. Besides we also hold Rahmah Sales where we give discounts of between 10 to 30%,” she said. – September 18, 2023

Topics

 

Popular

What will we call for next? A ban on cheap cigarettes, tuak and kapcais? – Rocky Bru

While concerns over drug-laced vapes grow, a blanket ban could backfire by wiping out businesses, threatening jobs, pushing trade underground amid weak enforcement and open tank loopholes

Petronas staff to be shown the door to make up losses from Petros deal?

Source claims national O&G firm is expected to see 30% revenue loss once agreed formula for natural gas distribution in Sarawak is implemented

Duck and cover? FashionValet bought Vivy’s 30 Maple for RM95 mil in 2018

Purchase of Duck's holding company which appears to be owned wholly by Datin Vivy Yusof and husband Datuk Fadzarudin Shah Anuar was made same year GLICs invested RM47 mil

Related