KUALA LUMPUR: The price of bottled cooking oil is expected to drop soon in line with the reduction in the raw cooking oil price from RM7,000 per metric tonne to RM3,600 per metric tonne this week.
Domestic Trade and Consumer Affairs Minister Datuk Seri Alexander Nanta Linggi said in the meantime, the KPDNHEP (Ministry of Domestic Trade and Consumer Affairs) strategy to tackle inflation and cost of living by working closely with the special task force to tackle inflation has also shown results, especially on chicken and egg issues.
"The five-pronged strategy that we are implementing is to control the price of necessities through targeted subsidies; on-going engagement with industry players to stabilise prices and enhance enforcement by collaborating with all enforcement agencies to reduce leakages especially involving subsidised goods.
"Besides that, we are expanding the Keluarga Malaysia Sales Programme (PJKM) to 613 state constituencies to reduce the people's burden by offering essential goods at 20 per cent cheaper than the local market prices," he told reporters after KPDNHEP monthly gathering today.
He said that the ministry is also advocating small lifestyle changes among consumers to influence the demand and prices of goods in the market, adding that it would continue to enforce the five-pronged strategy to tackle inflation and the rising cost of living faced by the people.
Nanta said the ministry believed that the engagement sessions with industry players including the special task force to tackle inflation will have an impact on reducing the prices of cooking oil and other essential goods.
Meanwhile, he said to date Malaysia's Wholesale and Retail Trade have set a new record in May this year with a growth of 19.9 per cent year-on-year amounting to RM129.8 billion as announced by the Department of Statistics Malaysia.
"Hence, KPDNHEP has re-evaluated its high-impact initiatives and programmes so that the country's economic recovery through domestic trade and consumer empowerment continues as planned," he said.
Earlier in his speech Nanta said the reduction in the compound under the Companies Act 1965 (Act 125) implemented from March 1 to June 30 this year will be extended for another four months, beginning July 1 until October 31.
He said this incentive allows companies and company directors to enjoy a 90 per cent compound reduction from the original amount, adding that since it was introduced a total of 1,578 have benefitted from the initiative.
-- BERNAMA
Bernama
Wed Jul 20 2022
Alexander Nanta said the price of bottled cooking oil is expected to drop soon in line with the reduction in the raw cooking oil price from RM7,000 per metric tonne to RM3,600 per metric tonne this week. - BERNAMA/Filepic
Kertas kabinet wujud sektor sukan dibentang dalam tempoh sebulan - Hannah
Hannah berkata dengan data yang lebih menyeluruh melibatkan sektor industri sukan nanti, pihaknya akan mampu merangsang pertumbuhan sukan di negara ini dengan lebih baik.
Tiga Syarikat Semikonduktor umum melabur di Pulau Pinang - Kon Yeow
Tiga syarikat semikonduktor dari China menyatakan komitmen untuk membuat pelaburan baharu di Pulau Pinang.
Pindaan garis panduan lawatan: Sekolah diharap susun semula program - Fadhlina
Semua sekolah diharap dapat menyusun semula program lawatan masing-masing berikutan pindaan Garis Panduan Lawatan Murid Sekolah pada tahun lepas bagi mengukuhkan pembelajaran di luar kelas, kata Menteri Pendidikan, Fadhlina Sidek.
Kebajikan pendidikan anak-anak dijaga sehingga tamat sekolah - KPM
Kementerian Pendidikan Malaysia akan memastikan kebajikan pendidikan anak-anak 10 pegawai dan anggota Tentera Laut Diraja Malaysia yang terkorban dalam nahas helikopter di Lumut, Perak, terus dijaga sehingga mereka tamat persekolahan.
Chegubard ditahan polis berkaitan hantaran mengenai kasino di Forest City
Chegubard ditahan di Ibu Pejabat Polis Daerah (IPD) Dang Wangi di sini berkaitan hantaran mengenai pengoperasian kasino di Forest City pada Sabtu.
Zahid minta pihak dalam BN buka "buku baharu"
Ahmad Zahid menegaskan senario politik tanah air sudah berubah dan terdapat banyak video lama dari parti lawan yang meminta pengundi menyokong DAP.
Malaysia kongsi pengalaman dalam usaha berterusan mempertahan Palestin
Delegasi negara akan berkongsikan peranan Malaysia dalam usaha berterusan mempertahankan nasib Palestin dalam Persidangan Liga Parlimen Al-Quds kelima yang berlangsung di Istanbul, Turki pada Sabtu.
Universiti Malaya mohon maaf kepada seluruh rakyat Malaysia
Jabatan Pengajian Antarabangsa dan Strategik, Universiti Malaya memohon maaf kepada seluruh rakyat Malaysia berhubung kenytaaan tidak bertanggungjawab Profesor Dr Bruce Gilley pada 24 April lalu.
Genting Malaysia nafi terbabit perbincangan
Selepas Berjaya Corporation Bhd dan Kerajaan Negeri Johor, kini Genting Malaysia Bhd pula menafikan sebarang penglibatan dalam perbincangan mengenai pengoperasian kasino di Forest City, Johor.
Berita tempatan pilihan sepanjang hari ini
Berikut adalah berita yang paling menjadi tumpuan sepanjang Sabtu, 27 April 2024.