MoF mulling use of technology application for targeted subsidy implementation

Economy
Tuesday, 06 Sep 2022
9:32 PM MYT

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Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR: The Ministry of Finance (MoF) will consider the move to use technology application to channel subsidies to target groups more efficiently.

Its Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz however stressed that now is not the right time to implement targeted subsidies as the country’s economy is still in the recovery phase while inflation remains low compared with other countries.

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Tags / Keywords: MoF , subsidy , Tengku Zafrul Abdul Aziz , technology

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FBM KLCI

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Symbol	Open	High	Low	Last	Chg	%Chg	Vol ('00)
PUC	0.025	0.030	0.020	0.025	0.005	25.00	825,643
HSI-PWHC	0.205	0.205	0.180	0.180	-0.025	-12.20	669,493
HSI-PWFZ	0.240	0.240	0.205	0.205	-0.025	-10.87	559,101
HSI-CWGB	0.110	0.125	0.110	0.125	0.010	8.70	495,458
HSI-CWEY	0.145	0.165	0.145	0.160	0.015	10.34	415,073
HSI-PWHB	0.070	0.070	0.065	0.065	-0.010	-13.33	305,062
HSI-CWC6	0.045	0.055	0.040	0.055	0.005	10.00	293,266
ASTRO	0.175	0.175	0.160	0.160	-0.015	-8.57	162,541
HLT-WB	0.010	0.020	0.010	0.015	0.010	200.00	154,461
PAVREIT	1.500	1.530	1.470	1.520	-0.020	-1.30	125,559
PMCORP	0.115	0.130	0.115	0.120	0.000	0.00	124,052
TANCO	0.955	0.965	0.950	0.950	-0.005	-0.52	121,442
MYEG	0.905	0.915	0.905	0.910	0.005	0.55	115,448
HSI-PWFF	0.220	0.225	0.185	0.185	-0.060	-24.49	107,607
HSI-CWE3	0.165	0.190	0.165	0.185	0.020	12.12	102,128

MoF mulling use of technology application for targeted subsidy implementation