KUALA LUMPUR, July 18 — Umno information chief Shahril Hamdan today told PKR president Datuk Seri Anwar Ibrahim to make up his mind about the subsidy issue and policies to tackle...
KUALA LUMPUR, July 18 — Umno information chief Shahril Hamdan today told PKR president Datuk Seri Anwar Ibrahim to make up his mind about the subsidy issue and policies to tackle inflation.
“Now when the government shows that our subsidies are the largest ever and have stemmed potentially even higher inflation like in the rest of world, you say 'why rely on subsidies?' Shahril’s remarks come after the Port Dickson MP said in Parliament today that the Umno-led administration’s response to inflation was insufficient, calling for structural reforms.
“What’s your great idea to stem currency depreciation? You want Bank Negara Malaysia to follow other central banks and raise interest rates super high to keep in line with the US Feds? The dollar is strengthening globally. What is Pakatan Harapan’s plan to slow the depreciation? If not interest rates then what? Peg like Mahathir? Use up our foreign reserves?” the Umno member said.
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