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Nanta

Southeast Asian nations striving to control inflation

July 22, 2022 by en.vietnamplus.vn

Malaysia’s strategy to tackle inflation and rising cost of living has shown results, especially on chicken and egg issues. (Photo: Bloomberg) Hanoi (VNA) – Malaysia ’s strategy to tackle inflation and rising cost of living has shown results, especially on chicken and egg issues, Domestic Trade and Consumer Affairs Minister Datuk Seri Alexander Nanta Linggi said. The minister told the press on July 21 that the five-pronged strategy targets close cooperation with the special task force to tackle inflation; the control of the price of necessities through targeted subsidies; engagement with industry players to stabilise prices; collaboration with all enforcement agencies to reduce leakages especially involving subsidised goods; and the expansion of the Keluarga Malaysia Sales Programme (PJKM) to 613 state constituencies to reduce the people’s burden by offering essential goods at 20% cheaper than the local market prices. Nanta said the ministry believed that the … [Read more...] about Southeast Asian nations striving to control inflation

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