A series of geopolitical events leave Malaysia with no space or time for a comprehensive food security policy overhaul that should have been done yesterday.
It is unacceptable that the government has not shown adequate financial and governance concerns given that any potential price unfairness would ultimately be paid by taxpayers.
To deal with the ongoing food price inflation effectively, EMIR Research would like to call for a thorough review of the existing food security-related policies.
While Singapore recorded higher rates than Malaysia for CPI and core inflation, most Singaporeans might not feel the direct hit arising from the rising cost of living as Malaysians.
There is an increasing concern that in addition to the current EPF’s special withdrawal facility, BNPL and TNG's GOpinjam schemes would make more Malaysians incur more debt than savings.
The government's response (or lack thereof) on some red flag issues appears to be in defiance of public outcry and utmost disregard for strict governance standards.