Prime Minister Anwar Ibrahim has stated that while the ongoing West Asia conflict presents a long and difficult path, Malaysia's economic resilience remains steadfast.

KUALA LUMPUR, April 1 — Prime Minister Datuk Seri Anwar Ibrahim warned that while the West Asia conflict will require a long recovery, Malaysia's economy currently remains stable enough to withstand the resulting global pressures.

The Prime Minister noted that although global energy supply chains are disrupted, Malaysia has successfully maintained RON95 prices at RM1.99, a feat he described as remarkable compared to neighboring countries facing fuel rationing.

Following discussions with leaders from Iran, Saudi Arabia, and Indonesia, Anwar cautioned that the regional situation could worsen before it improves, signaling a prolonged period of economic uncertainty for the global market.

Despite this, Anwar emphasized that the government must not become complacent. He credited Petronas’s strategic planning for securing the nation’s oil and gas supplies through at least May, providing a critical buffer for the public.

To manage the crisis, the National Economic Action Council (MTEN) and various cabinet committees are actively monitoring fuel consumption and energy security to ensure the country remains resilient against external shocks.

Anwar also called for a more moderate approach to upcoming Aidilfitri celebrations, urging Malaysians to avoid extravagance and excessive displays of wealth while many workers, farmers, and fishermen still face significant financial strain.

He encouraged the affluent and those in high-ranking positions to remain vigilant and empathetic, stressing that national unity and fiscal discipline are essential during these challenging times for the country.

Finally, the Prime Minister reiterated that while Malaysia is not spared from global volatility, its strong economic fundamentals and proactive government measures provide a solid foundation to navigate the ongoing international turmoil. — Bernama