00:00The government has announced an intervention with a special subsidy of RM150 million for six months.
00:14In my opinion, in the Ministry, we have a complete implementation mechanism.
00:20I can say that we are sure that by using this mechanism, this program will provide a win-win situation to all industrialists,
00:31from farmers to consumers.
00:3450% of the paddy traded in the market, we expect to be able to produce around 240,000 m3 of subsidized BPT.
00:43First, BPT must be produced.
00:46And the BPT production is produced from paddy sold by the farmers at a minimum price of RM1,500.
00:53So every investor needs to get a supply of paddy from the farmers at a minimum price of RM1,500.
01:01And they can buy more than the minimum price.
01:04Actually, we do not set a ceiling price.
01:06So it is up to the negotiation between the buyers and the farmers.
01:10They can get a sufficient supply of paddy.
01:12From the losers, the paddy or rice will be transferred to the borrower.
01:16And the borrower will take the rice.
01:18From 240,000 m3, we expect around 24 million bags of white rice per 10 kg.
01:27And the government's control price is still RM26.
01:31For every 10 kg of white rice per place.
01:35With subsidies.
01:36All this rice will be produced by the borrower, the loser.
01:42After the production, they will use the available distribution channels.
01:48Organically, all this rice will be sold in the available outlets in the market.
01:53And the government is ready to make interventions for special programs.
01:58Including the sale of paddy, the sale of paddy fields, the need for cooperation, etc.
02:0420% of the total.
02:06Which means around 48 million bags will be distributed using the mechanisms implemented by the government.
02:14But the remaining 80% will use the available platforms.
02:18The available distribution channels.
02:19You can go to the supermarket, you can go to the supermarket, you can get BPT.
02:22But every BPT, every bag will be controlled.
02:26Using the special methods that we use today.
02:31I don't need to elaborate on this.
02:33But there are two layers of control.
02:35First, the rice distribution channels on my right.
02:37We have the rice distribution channels.
02:39And now we have MARIA.
02:41Which was just established and approved by the Cabinet on February 7th.
02:46And they are ready to use the power of 1,200 members to help the government.
02:53So we believe that with that capacity,
02:55plus the AI system that we use to do tracing and tracking,
02:59ARTEC or RISETEC,
03:01we are confident that this subsidy will directly go to the target group.
03:06Who is the target group?
03:08Based on our estimates,
03:11currently in Malaysia, we have around 400,000 poor households.
03:16Embedded in the 400,000 poor households,
03:20is 77,000 poor households.
03:24Where they need accessibility and affordability to the rice that they can harvest.
03:29So this RM26 rice is actually for them.
03:32So we will ensure that all the rice bags that we produce,
03:36all the 24 million rice bags,
03:39will go directly to the target group.
03:42When will the program start?
03:44The program will officially start on March 1st, 2025.
03:48On the first day of Ramadan.
03:50And it will end on August 31st, 2025.
03:54Is there any plan to buy the rice?
03:58Good question.
03:59Usually when the subsidy is cheap, you will do the manipulation.
04:03First, my team has established a control mechanism.
04:07Second, we will issue a directive to the rice producers,
04:11to limit the purchase.
04:13For now, we will consider
04:15for every purchase,
04:17for every housewife,
04:18maybe only two bags maximum.
04:20That is the type of control that we can do.
04:22But then, in the end,
04:23that is why I ask everyone to understand,
04:26this is government assistance to help those in need.
04:29Not to be traded,
04:31not to be traded.
04:32So if there is that element,
04:33my team will not be silent.
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