Prime Minister Anwar Ibrahim calls for domestic economic support as Malaysia prepares for global energy crisis impacts.
PETALING JAYA: Prime Minister Datuk Seri Anwar Ibrahim has urged Malaysians to prioritise local goods and support homegrown entrepreneurs as the country braces for the impact of a worsening global energy crisis.
Speaking after chairing a meeting of the National Economic Action Council (MTEN) today, Anwar said strengthening the domestic economy is key to weathering external shocks.
“At the same time, I call on all Malaysians to strengthen the domestic economy.
“Prioritise local goods and support our entrepreneurs, as internal strength is our primary shield in facing the global energy crisis following the conflict in West Asia,” he said in a statement.
The meeting undertook an in-depth review of the increasingly severe global energy crisis and its implications on Malaysia’s economy and public well-being.
Anwar acknowledged that the world is entering a more challenging and uncertain phase, warning that Malaysia is not immune to its effects.
“Therefore, we must not be complacent or overly comfortable. We must remain prepared with discipline, resilience, and a strong spirit of unity,” he said.
Despite the headwinds, he stressed that Malaysia’s economic fundamentals remain strong and resilient, with the Madani government committed to taking proactive, data-driven measures.
He added that the government will continue engaging with industry players and small and medium enterprises (SMEs) to ensure policies are comprehensive, balanced and effective.
“God willing, every decision will continue to be guided by responsibility and the interests of the people.
“The government will strive to ensure that energy supply remains stable, the economy continues to function effectively, and the welfare of the people remains a priority in every action,” he said.
