BUKIT MERTAJAM: Prime Minister Datuk Seri Anwar Ibrahim has urged local plantation companies with large land reserves to start growing vegetables and fruits to meet the country’s increasing food demands. Anwar has specifically directed companies such as Sime Darby Bhd, FGV Holdings Bhd, and Kumpulan Guthrie Bhd to take action on this matter.
During a dialogue session with Dell Technologies staff on Saturday (Aug 5), Anwar emphasized that this move is a medium-term solution to address the rising cost of living. He questioned why Malaysia, with its fertile land, does not produce enough vegetables and fruits to meet local needs. The high prices of imported vegetables and fruits, he added, are causing a strain on consumers.
Anwar also highlighted that these large companies possess the necessary expertise and resources to cultivate essential food crops.
In addition to encouraging plantation companies to venture into agriculture, Anwar discussed the government’s plans to alleviate the cost of living. He stated that the government will continue to offer subsidies on basic food items and expand the Rahmah initiative throughout the country as a short-term solution.
Regarding the ringgit’s value against foreign currencies, particularly the US dollar, Anwar acknowledged the complexity of the issue, attributing it to economic actions taken by the United States beyond Malaysia’s control. He stressed the importance of boosting foreign investors’ confidence in Malaysia by upholding political stability under the Unity Government’s leadership.
Anwar highlighted the recent strengthening of the ringgit due to foreign investments from companies like Tesla, Bosch, Geely, and Saudi Aramco. He emphasized the necessity of a stable government with a clear economic policy, noting that Malaysia should not solely rely on the decisions of the United States Federal Reserve, as they have global repercussions on interest rates. However, Anwar believes that the impact can be mitigated by ensuring economic stability through effective government policies. – Bernama
Credit: The Star : News Feed
