Singapore not imposing price controls despite rising food prices

CNNMoney.com
21 Apr 2008

SINGAPORE, Apr. 21, 2008 (Thomson Financial delivered by Newstex) -- The Singapore government said on Monday that it does not plan to impose price controls amid soaring food prices and would focus on ensuring ample supply in the domestic market.

'We cannot control prices. If there is an upward pressure on prices, we have to live with it,' Minister for National Development Mah Bow Tan told parliament.

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