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Mahathir to Najib: Cut costs, not increase prices

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Former premier Dr Mahathir Mohamad says it is better for the government to cut cost or maintain existing prices of necessities, instead of raising them.

In a blog posting, and citing the "cost down" principle, Mahathir says when a business is faced with competition or its cost of production reduces its profits, it can either increase prices or reduce cost.
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