JOHOR BARU: Continuing the subsidy programme for 2kg, 3kg and 5kg bottled cooking oil will help ease the burden of the high cost of living that Malaysians currently face, says a trade group.
Federation of Sundry Goods Merchants Association of Malaysia chairman Hong Chee Meng said the average Malaysian family only consumes about 5% of the total palm oil production while the remaining 95% was exported.
He said this when met at the Confederation of Johor Grocery and Sundry Merchants Association 52nd Anniversary lunch at Maedo Restaurant in Taman Ungku Tun Aminah, Skudai, here on Sunday . "Subsidised cooking oil is meant to help and benefit Malaysians, so it would be pointless if these benefits were also reaped by foreigners," he said, adding that store owners have no authority to stop customers from bulk buying.
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