Posted 11/24/2023, 10:00:00 PM
Malaysia Removes Chicken Subsidies, Causing Prices to Rise and Backlash
- Malaysia recently removed subsidies on chickens, citing high costs, but prices have risen, hurting consumers and sellers
- Government aims to shift from blanket subsidies to targeted subsidies to reduce costs and leakage
- Weak ringgit leading to higher imported food costs, compounding impact of subsidy cuts
- Removals of subsidies and price controls could have counterproductive impact on living costs
- Businesses and people urge government to reconsider stance, warning of political backlash