From Bernama – Government Needs To Gradually Remove Subsidies To Spur Greater Efficiency


Dateline 2011-05-22:

When it comes to controlling prices, it is always a headache for government policy makers, for it is not an easy task to mitigate the global impact on daily necessities such as food and energy.

One must understand that this is something beyond their control. External implications on local prices are not something that can be tackled easily without incurring huge costs.

For example, a government can contain discontent by cushioning prices locally through subsidies, one of the most popular ways to minimise the threat of rising prices on items like fuel and food.

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