'Flexible prices mean going to basics and allowing for price adjustments according to market conditions.' theSun theSundaily prices CostOfLiving market goods economy business
Yeah said a ceiling price policy was only feasible for certain basic items, such as chicken, cooking oil, vegetables and other necessities that benefit the low-income population. – SYED AZAHAR SYED OSMAN/THESUNEconomists have lauded the government’s effort to implement flexible price ceilings to ensure optimal food security and a sustainable supply chain.
“However, such a policy needs constant review. If we keep them too long, they often carry long-term disadvantages, such as shortages, extra charges, or lower quality products. There is also concern that such mechanisms could cause a deadweight loss to the economy, making it inefficient,” he said. Bank Islam Malaysia Bhd chief economist Dr Afzanizam Abdul Rashid said the government should closely monitor the implementation of price ceilings and use effective price control mechanisms to serve the purpose.
Meanwhile, Sunway University Economics Professor Dr Yeah Kim Leng said while setting a ceiling price was a good move, the government should not set it too far from reality, so that consumers and producers do not lose their surplus.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Govt to introduce flexible ceiling price to ensure Malaysia’s food security, says PM Ismail SabriKUALA LUMPUR, June 13 — Introducing a flexible ceiling price that changes according to price input factors is one of the measures to be taken by the government in a bid to ensure...
Read more »
Govt to introduce flexible ceiling price to ensure food security: PMHe said the measure was in line with the direct and targeted assistance to those in need as announced before. theSun thesundaily foodsecurity ceilingprice agricultural
Read more »
‘Moveable’ ceiling price to be introduced to improve food securityPUTRAJAYA: A “moveable” ceiling price for certain food items and improved mechanisms in hiring expatriates and foreign workers are among measures to be taken to improve food security and tackle the shortage of skilled workers in the electrical and electronics sector, says Datuk Seri Ismail Sabri Yaakob.
Read more »
Govt introducing floating ceiling prices for food, says PM | The Malaysian InsightIsmail Sabri says public sector to get involved in ramping up agri-food production to meet demand.
Read more »
Move to iOS: Here's how to FINALLY move your WhatsApp chats from Android to iPhone - SoyaCincauOne of the biggest problems switching between an Android phone and an iPhone is that the WhatsApp chat history won't be migrated along with the switch. Here's how you can finally do it.
Read more »