Friday, June 4, 2010

PM: No decision yet on subsidies

KUALA LUMPUR: The government has not made a final decision yet whether to reduce or scrap subsidies, said Datuk
Seri Najib Razak.

The Prime Minister said the government was still carefully studying what should be done with regard to subsidies.

"As stated before, we are visualising the impact (on the country's future) if we don't do anything about it," he said when asked by reporters whether the government planned to cut incentives for small and medium-scale enterprises (SMEs), besides reducing or abolishing subsidies for a number of commodities.

He replied that the incentives for SMEs would continue. "SMEs and subsidies are separated issues. Don't mix the two."

Earlier, the prime minister visited 'SMIDEX 2010-SME Innovation Showcase', here.

To another question, Najib said the Tenth Malaysia Plan (10MP), to be tabled soon, would contain elements based on the New Economic Model (NEM).
On some non-governmental organisations' objection to the NEM, he said: "They have their opinions on it. But let me make my speech first (on the 10MP)." - Bernama

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