Minister Fahmi Fadzil debunks claims concerning price hike for consumer goods

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Communication and digital minister, Fahmi Fadzil has debunked claims about a projected raise in the prices of consumer goods that is expected to commence in August.

Speaking at the launching ceremony of PKR’s main operations room and election machinery for the Batu Tiga state constituency on 9 July, Minister Fahmi said that he had seen reports from various media outlets regarding the price hike for consumer goods and refuted this while also noting that Malaysia’s inflation rate had decreased and that economic indicators for the year have improved from the past year.

According to Malaysia Now, Minister Fahmi revealed that the inflation rate connected to the rise in the price of goods had decreased from 3.3% in April to 2.8% in May.

Don't miss: Minister Fahmi Fadzil highlights need for international collaboration against cyber threats

Minister Fahmi also reportedly revealed that during the first three months of 2023, Malaysia obtained approximately RM71 billion of foreign investments, an increase from the RM44 billion obtained during the same period last year. Investments were anticipated to grow with a vast investment contributed by the Saudi Arabian government.

He reportedly ended off by saying that the PH and Barisan Nasional (BN) machinery should double their efforts to communicate to the people of Malaysia about the government’s efforts and accomplishments in growing the national economy.

The news comes just as Minister Fahmi called for greater international collaboration for cybersecurity to responsibly protect the cyberspace and digital economy of each country at London Tech Week this week.

Speaking at the transformation stage, Minister Fahmi said that as the cyber domain transcends geographical boundaries, international collaboration is an area of concern according to Bernama.

He stressed that technology developers and businesses should put security at the forefront in its digital transformation projects with the aim of protecting the digital community against cybersecurity threats.

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