Malaysia

Reducing cost of living remains govt’s focus: Rafizi

Will continue to implement initiatives to ease people’s burden, economy minister says

Updated 3 years ago · Published on 11 Apr 2023 2:57PM

Reducing cost of living remains govt’s focus: Rafizi
Economy Minister Rafizi Ramli says the government is committed to ensuring the national economy remains strong, resilient and sustainable to safeguard the people’s well-being. – AZIM RAHMAN/The Vibes pic, April 11, 2023

KUALA LUMPUR – The government will continue to implement initiatives to ease the people’s burden, especially in dealing with the cost of living.

Economy Minister Rafizi Ramli said the government has implemented the Menu Rahmah initiative under the Payung Rahmah programme, which is targeted at helping the poor.

He said the government has also implemented the People’s Income Initiative (IPR) aimed at eradicating poverty and improving the people’s income through agricultural, food business and services operator initiatives.

“When more food items are being sold at lower prices, whether through Menu Rahmah or IPR, it would create competition that would ease prices of ready meals and, in turn, help the government in curbing inflation,” he said recently.

In conjunction with Ramadan, the government has also introduced Bazar Ramadan Rahmah (BRR) under the Domestic Trade and Cost of Living Ministry’s Payung Rahmah initiative at 38 locations nationwide.

The BRR implementation came about from traders’ cooperation, following the ministry’s engagement, to offer Menu Rahmah prices to help reduce the people’s cost of living.

Another initiative to ease the people’s burden is the Festive Season Maximum Price Control Scheme in conjunction with the 2023 Chinese New Year celebration in January. It covered eight items, including pomfret, white shrimp, garlic from China, pork belly, and lean and fatty pork.

In addition, the government has allocated RM200 million this year for the price standardisation programme (PPH), which aims to ensure the rural folk, especially those in the hinterlands or islands, enjoy seven essential goods at the same prices as those living in the cities.

These include white rice, coarse sugar, flour, cooking oil, liquefied petroleum gas, RON95 petrol, and diesel.

To date, PPH has benefitted more than 1.2 million residents from 798 rural areas in six states – Sabah, Sarawak, Kedah, Kelantan, Terengganu, and Pahang. 

Meanwhile, Rafizi noted that Communications and Digital Minister Fahmi Fadzil has introduced the prepaid mobile internet Unity Package plan priced at RM30. 

The package is aimed at providing internet access for youths, those from the lower income (B40) group, senior citizens and persons with disabilities, as well as veterans of the Malaysian Armed Forces and police.

Phase 1 of the Sumbangan Tunai Rahmah (STR) cash aid worth RM1.67 billion has been channelled in stages to 8.7 million people in the B40 group since January 17, this year. 

“Based on the current situation, the inflation rate is expected to remain manageable at 2.8% to 3.8% in 2023 amid more stable prospects.

“The government is always committed to ensuring the national economy remains strong, resilient and sustainable to safeguard the people’s well-being,” Rafizi said.

The minister said efforts are focused on ensuring economic restructuring strategies and initiatives take into consideration the needs of the people.

“This is to ensure the goal of becoming a high-income, inclusive and sustainable nation can be achieved, in line with the Malaysia Madani aspirations,” he added.

Reflecting government efforts, Malaysia’s February 2023 headline inflation as represented by the consumer price index remained moderate at 3.7%, the same as in January 2023, after peaking at 4.7% in August 2022. – Bernama, April 11, 2023

Related News

Malaysia / 4w

Penang initiates measures to minimise impact of Middle East conflict

Malaysia / 1mth

Penang CM: New developments key to stimulating state economy

Malaysia / 1mth

Sarawak allocates RM876.2 million to help people cope with cost of living

Malaysia / 1mth

Selangor allocates over RM130 million to face West Asia crisis

Malaysia / 3mth

Maintaining dividend of over 6 per cent reflects EPF's strength - PM

Malaysia / 4mth

Anwar, Modi condemn all forms of terrorism, call for zero tolerance

Spotlight

Malaysia

Bersatu-PH tie-up a possibility as coalition seeks Malay support, analyst says

By Alfian Z.M. Tahir

Malaysia

Woman molested on her way home from work (video)

Malaysia

Court allows Daim's daughter to permanently keep passport

Malaysia

Santiago pokes holes in data centre hype, asks: Who really benefits?

By Alfian Z.M. Tahir

Malaysia

Jeweller vows to pursue Rosmah until ‘every penny’ is recovered as RM67.5m battle enters enforcement phase

Malaysia

Ambulance carrying two injured men crashes en route to hospital after MPV collision in Besut

Malaysia

Man blames 'lack of love' for sexual assault on teens

Business

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

Malaysia

Missing jewellery: Rosmah ordered to pay RM67.5 million

You may be interested

Malaysia

Missing jewellery: Rosmah ordered to pay RM67.5 million

Malaysia

Attorney General defends JAC appointment of Federal Court judge in Bar challenge

Malaysia

Grandfather risks life to save nine family members as fire destroys home

Malaysia

Johor state poll: EC prepares massive election operation for over 2.7 million eligible voters

Malaysia

Perlis sole opposition member tells PAS, Bersatu to quit politicking and serve the people

By Ian McIntyre

Malaysia

Ambulance carrying two injured men crashes en route to hospital after MPV collision in Besut

Malaysia

Anwar warns global order lacks direction, calls for renewed international cooperation

Malaysia

Two women killed after being thrown from Myvi in Batang Sadong bridge crash