KUALA LUMPUR - Prime Minister Ismail Sabri Yaakob's administration took a bold step this week to remove a controversial licensing system that governs imports of goods into Malaysia, in a bid to boost food supply and keep prices in check.
But economists warn that more countermeasures will be needed as ordinary Malaysians continue to face inflationary spikes and rising household debt.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you