Today Online (Malaysia)
Malaysia’s government said Saturday it would spend four billion ringgit (1.3 billion dollars) to increase food production and tackle price hikes as the country faces spiralling global oil and food costs.
Prime Minister Abdullah Ahmad Badawi said he would also set up a high-level anti-inflation committee to tackle these issues, state news agency Bernama reported. However, he did not say how the money would be allocated.
Anger over rising food and fuel prices was a key issue in general elections last month, and one of the factors credited with Abdullah’s ruling coalition facing its worst performance in its half-century history.
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