KUALA LUMPUR, March 22 — Prime Minister Datuk Seri Anwar Ibrahim clarified that Malaysia remains affected by the recent spike in global oil prices driven by Middle East conflicts, despite the country’s status as an oil producer.
KUALA LUMPUR, March 22 — Prime Minister Datuk Seri Anwar Ibrahim clarified that Malaysia remains affected by the recent spike in global oil prices driven by Middle East conflicts, despite the country’s status as an oil producer.
He pointed out that disruptions at the Strait of Hormuz—a critical global shipping artery—have constricted supply and driven costs upward, noting that nearly half of Malaysia's oil supply transits through that route.
"While Malaysia produces oil, our imports actually exceed our exports," Anwar explained in a Facebook post today.
The Prime Minister revealed that government subsidy expenditure surged from RM700 million to RM3.2 billion in under a week to protect consumers and businesses from market price hikes. these funds are distributed via the Budi Madani RON95 (Budi95) and Budi Diesel initiatives.
Anwar emphasized that the Madani government’s priority remains safeguarding the welfare of the people amid growing global instability.
BANGKOK, April 24 — Thailand’s Supreme Court on Friday agreed to hear a petition accusing 44 current and former opposition lawmakers of ethics violations over their 2021 move to amend a law protecting the monarchy from criticism, according to Thai media reports.
PUTRAJAYA, April 24 — The Court of Appeal today dismissed Kepala Batas MP Dr Siti Mastura’s appeal against a High Court ruling ordering her to pay RM825,000 in damages and costs for defaming three DAP leaders by linking them to former Communist Party of Malaya leader Chin Peng.
THE HAGUE, April 23 — Former Philippines president Rodrigo Duterte will stand trial at the International Criminal Court after judges on Thursday confirmed charges of crimes against humanity over his controversial “war on drugs.”