Govt Intensifies Measures To Mitigate Global Supply Crisis

KUALA LUMPUR, June 29 (Bernama) -- The government has implemented or is in the process of carrying out 120 decisions made by the National Economic Action Council (MTEN) to mitigate the impact of the global supply crisis, Economy Minister Akmal Nasrullah Mohd Nasir said.

Of the total, 27 decisions have been fully implemented, while the remaining 93 are currently being executed, reflecting the government's ongoing efforts to address supply chain disruptions and safeguard economic stability.

"This shows that government interventions are being implemented and closely monitored," he said when briefing Members of Parliament on the global supply crisis in the Dewan Rakyat today.

Akmal Nasrullah said the decisions encompass immediate measures to mitigate the impact of the crisis on the public and micro, small and medium enterprises (MSMEs), while ensuring the continued supply of essential goods and safeguarding the country's economic stability.

He said the government has adopted a realistic approach based on expectations that the global supply crisis will not be resolved in the short term.

"However, we will not wait until the situation has been fully resolved; monitoring and intervention efforts will continue throughout the recovery period to ease the burden on the public, MSMEs and industry," he said.

The minister said that based on the current global developments, the energy markets are expected to stabilise gradually from the third quarter of 2026, subject to geopolitical stability and the normalisation of trade routes.

"Uncertainty surrounding energy prices and supply is expected to continue influencing markets for another one to two years," he said.

Akmal Nasrullah said the government does not deny that the global supply crisis poses significant risks if prolonged, but he stressed that those risks are being managed in a structured, prudent and data-driven manner.

"The development of this crisis will continue to be monitored through MTEN and relevant agencies.

"Information will be shared with the public as needed to ensure that all parties receive clear, accurate and up-to-date information," he said.

At the same time, he emphasised that efforts to address the impact of the crisis require cooperation from all stakeholders to minimise its effects on the economy and the people.

This approach would enable Malaysia to remain vigilant without undue concern, realistic without being defensive, and proactive in responding to challenges, while ensuring economic stability, protecting the rakyat and maintaining confidence in the country, he added. 

-- BERNAMA