the sun malaysia ipaper logo 150x150
Friday, July 24, 2026
26.4 C
Kuala Lumpur
the sun malaysia ipaper logo 150x150

Gov’t assures no increase in sugar prices – Fuziah

NIBONG TEBAL: The government has assured that there have been no increases in sugar prices in the market so far, Deputy Domestic Trade and Cost of Living (KPDN) Minister Fuziah Salleh said.

She said no decisions have been made at the Cabinet level to raise sugar prices, a clarification that has been reiterated in Parliament on numerous occasions.

Fuziah explained that speculation about a potential price hike emerged last April following industry complaints that prompted requests for a price increase, citing losses of 88 sen per kilogramme of sugar produced.

“To address this, the government has provided monthly incentives totaling RM42 million to stabilise supply prices.

“This measure aims to prevent production stoppages due to financial losses,“ she told reporters at the state-level MySubsidi Diesel SKDS 2.0 Open Day here today.

She noted that the speculation arose due to the indefinite duration of the government’s incentive programme, which continues to date.

In April, the ministry (KPDN) announced that the government would decide on mechanisms to stabilise sugar supply, including pricing considerations, in the second quarter of this year.

Minister Datuk Armizan Mohd Ali indicated that evaluation of potential mechanisms includes proposals for maintaining sugar stocks, providing subsidies, or adjusting the controlled price, currently set at RM2.85 per kilogramme.

Meanwhile, Fuziah proposed that the KPDN office in each state conduct engagement sessions with stakeholders for effective dissemination of information regarding the implementation of SKDS 2.0.

She said these sessions also provide an opportunity for eligible companies and vehicle owners to register, obtain further information, or ask questions directly to the ministry about the initiative’s implementation.

“During today’s engagement session, we identified vehicle owners who did not receive subsidies, lacked clarity on the implementation process, faced challenges in obtaining fleet cards, and other issues. We also had representatives from oil companies present,“ she said.

“I hope these sessions will continue so that we can directly hear from stakeholders about the challenges they encounter,“ she added.

Fuziah further informed that 570,000 vehicles have been identified as ineligible for diesel subsidies.

“The Finance Ministry’s rationale for their exclusion is that these types of vehicles do not directly benefit consumers. Additionally, there are 470,000 vehicles registered with the Road Transport Department that qualify for subsidies under the 23 identified categories,“ she said.

She reiterated the ministry’s openness to discussions with all parties, including appeals for reconsideration by the appeals committee for those who fail to apply or are deemed ineligible.

STAY AHEAD OF THE CURVE

Join our community for instant updates and exclusive content.

Join Telegram Channel

Related


spot_img

Latest News

RZOLV and Alkemio Bioscience forge strategic collaboration to advance rare earth and critical minerals...

RZOLV Technologies has signed a non-binding letter of intent with Argentina-based Alkemio Bioscience to jointly develop an integrated modular platform for recovering, separating and refining rare earth elements and critical minerals, paving the way for pilot-scale validation and commercial deployment.

“Across the Table” – Iconic chefs come together for luxury dining series at The...

The Naka Island, Phuket, will host the "Luxury Dining Series: Across the Table" from 12–15 August 2026, featuring Michelin-starred chefs, renowned mixologists and immersive culinary experiences that celebrate fine dining, Thai hospitality and the island's rich culture.

Shopee strengthens support for Malaysian businesses with new growth initiatives

Shopee Malaysia has introduced new seller growth initiatives under Shopee Lindung Niaga, including fee waivers, reduced commission rates, free advertising credits and fulfilment incentives to help local MSMEs start, scale and grow sustainably.

Watsons unveils “Watsons Evergreen” with Pantone to celebrate 185 years of trusted care and...

Watsons has launched "Watsons Evergreen" in collaboration with the Pantone Color Institute to celebrate its 185th anniversary, introducing a signature colour that represents trusted care, everyday vitality and the brand's enduring connection with customers across global markets.

STAMPEDE creates 11,000 free business pages to bring Singapore’s AI push to local F&B...

STAMPEDE has launched 11,000 free business pages to help Singapore F&B operators adopt AI-powered loyalty programmes, enabling hawkers, cafés and restaurants to improve customer retention, referrals and repeat visits without complex technology or additional hardware.

Alylytiq launches AI-powered research solutions to make big-brand insights affordable for Singapore SMEs

Market research consultancy Alylytiq LLP today announced the launch of Automytiq, a suite of AI-powered research solutions designed to make professional-grade market insights accessible to Singapore's small and medium-sized enterprises.

Thailand secures $43.6bn 1H 2026 investment surge as big tech accelerates Southeast Asia AI...

Thailand recorded US$43.6 billion in investment applications during the first half of 2026, led by AI data centres, digital infrastructure and renewable energy projects, strengthening its position as a key Southeast Asian hub for technology, manufacturing and foreign direct investment.

Most Viewed

spot_img
WC26

World Cup 2026

Updates, Fixtures, Results & Standings