KUALA LUMPUR, April 1 — The prolonged conflict in West Asia is expected to require a lengthy recovery period, but Malaysia remains in a relatively stable economic position to weather the challenges, Prime Minister Datuk Seri Anwar Ibrahim said.
He said the situation has disrupted global supply chains, particularly in energy, although Malaysia has thus far managed to remain resilient.
“When this happens, it will certainly affect global supply chains, especially energy, and Malaysia is not spared. However, we must be grateful as we are entering this phase with a relatively stable economy and are still able to maintain RON95, for example, at RM1.99.
“That is quite remarkable because if we look at oil prices and supply conditions, with people having to queue and rationing taking place in some countries in the region, it is clearly challenging. So when the situation eases slightly, it does not mean we can be complacent,” he said in a video message today.
He said recent developments indicate that the conflict has not only affected countries in the region but is now being felt globally, including in Malaysia.
“From my discussions with Iran’s president, leaders of Gulf countries, Saudi Arabia, Türkiye and Egypt, as well as my recent visit to Indonesia with President Prabowo Subianto, all indicated that the situation may worsen before it improves and will certainly take a much longer time to recover. — Bernama
MORE TO COME
