PETALING JAYA: The proposed targeted approach by the government should focus on subsidies that cost the most, those mired in corruption and subsidies which involve basic necessities, says an economic expert.
PETALING JAYA: With the mini Budget for the payment of emoluments for the civil servants passed in Parliament, attention is now turned to the new Budget 2023.
PETALING JAYA: The country should go back to basics and focus on the agriculture sector and improve the public transport system to tackle the rising cost of living, among other measures, say stakeholders.
KUALA LUMPUR: Price controls and subsidies are short-term measures and must be reformed, while the long-term solution is to make the cost of living more affordable by raising incomes, says Prof Dr Geoffrey Williams of the Malaysia University of Science and Technology.