Price controls until targeted mechanism finalised, says council

PUTRAJAYA: The National Action Council on Cost of Living (Naccol) has proposed that the price control policy and chicken subsidies be continued until the policy relating to the targeted mechanism is finalised.

Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi (pic) said that another recommendation put forward was to review the two-tier pricing mechanism which involved only 1.6 per cent of the total production of crude palm oil for bottled packaging and 8.4 per cent for packet palm oil.