UMS and UNIMAS to Conduct Six-Month Study on Price Stabilization in Sabah, Sarawak, and Labuan

UMS and UNIMAS to conduct 6-month study on price stabilization in Sabah, Sarawak, and Labuan, aiming to address cost-of-living issues and improve food security in these regions.

author-image
Nitish Verma
Updated On
New Update
UMS and UNIMAS to Conduct Six-Month Study on Price Stabilization in Sabah, Sarawak, and Labuan

UMS and UNIMAS to Conduct Six-Month Study on Price Stabilization in Sabah, Sarawak, and Labuan

Universiti Malaysia Sabah (UMS) and Universiti Malaysia Sarawak (UNIMAS) will be conducting a comprehensive six-month study on price stabilization in Sabah, Sarawak, and Labuan.

The study, set to begin in 2024, aims to identify the current situation and issues regarding the price difference of essential goods in these regions compared to Peninsular Malaysia.

The initial proposal papers for the study were submitted on April 19, and the findings will be presented to the National Cost of Living Action Council (NACCOL) in August this year for further action. The study will examine price dynamics and supply chains, involving various regions in Sabah, Sarawak, and Labuan.

The study is anticipated to help the state governments plan better land use for agriculture, livestock, and overall food security, and reduce dependence on food from Peninsular Malaysia, thereby lowering logistic costs. By identifying the factors contributing to the price differences and proposing solutions, the study aims to stabilize prices and improve the overall cost of living in these regions.

Why this matters: The study's findings could have significant implications for the economic well-being of the people in Sabah, Sarawak, and Labuan. By addressing the price disparities and proposing solutions, the study could lead to more affordable essential goods and an improved standard of living for the residents of these regions.

The six-month study by UMS and UNIMAS is an essential step towards understanding and addressing the price stabilization issues in Sabah, Sarawak, and Labuan. The findings, to be presented to NACCOL in August 2024, are anticipated to provide valuable insights and recommendations for further action to ensure fair pricing and improved food security in these regions.

Key Takeaways

  • UMS and UNIMAS are set to study price stabilization in Sabah, Sarawak, and Labuan.
  • The study aims to identify price differences compared to Peninsular Malaysia.
  • Findings are to be presented to NACCOL in August 2024 for further action.
  • The study will examine price dynamics, and supply chains, and propose solutions.
  • Findings could lead to more affordable essential goods and improved living standards.