Current issues, feedback & complaints on public services in Malaysia
THERE are simple solutions to the perennial cooking oil shortage problem.
First, remove all quotas on the production of cooking oil. Second, remove all price controls on the product. And third, allow cooking oil to be imported. Then the problem will be permanently solved.
What percentage of the weekly household budget do consumers spend on cooking oil? Do we really need a subsidy on this product? In fact, do we need a subsidy on any product? Let the market decide.
Continuing cooking oil shortages are not a market failure, but a failure of government pricing policies.
Dr Ian Mackechnie,
Kuala Lumpur.
Source: The Star – January 9, 2008
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TwoSen is updated daily with letters written to newspapers in Malaysia.
We publish all the letters here giving you a single source to keep track of current issues, feedback and complaints on public services. We do not alter the content of the letters, but do allow comments to facilitate positive discussions.
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