23 Feb '12, 9am

Malaysia to subsidise $8.3 billion worth of essential goods in 2012

The Malaysian government has allocated about RM20 billion (S$8.32 billion) to subsidise essential goods such as cooking oil, sugar and petroleum and gas this year. -- PHOTO: THE STAR BERA (THE STAR/ASIA NEWS NETWORK) - The Malaysian government has allocated about RM20 billion (S$8.32 billion) to subsidise essential goods this year, says Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaacob. He said this showed the government's responsibility in reducing the people's burden as the allocation could have been spent on infrastructure projects. 'Malaysians are lucky to get subsidy as many countries don't give it resulting in high price of goods thus burdening their people,' he said. Mr Ismail, who is Bera MP, said the government spent more than RM17 billion subsidy for essential goods last year. Please enable JavaScript to view the comments powere...

Full article: http://www.straitstimes.com/BreakingNews/ANN/Story/STISto...

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