Businessman Ameer Ali Mydin says the availability of local rice is a bigger issue.
Mydin boss Ameer Ali Mydin says the government should look into the availability of local rice, following the price increase of imported rice.
“So I think we should not lose focus with another subsidy, which will cost the government a lot of money,” he told FMT. Ismail was quoted as saying by Utusan Malaysia that a portion of the profits of Petronas should be allocated for rice subsidies, amounting to about RM800 million a year. He also cautioned against diverting funds from Petronas for rice subsidies as the oil and gas company is a valuable national asset.
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