Prime Minister Anwar Ibrahim has called on Malaysians to reinforce the domestic economy as the world, including Malaysia, enters a more challenging and uncertain phase.

In a statement shared on Facebook today, Anwar urged the public to prioritise locally made products and support homegrown entrepreneurs, stressing that strong internal capacity will be crucial in cushioning the impact of the ongoing global energy crisis.

“The reality is that the world is entering a more difficult and unpredictable phase, and Malaysia is not spared from its effects,” he said.

“As such, we cannot afford to be complacent or overly comfortable. We must remain prepared with discipline, resilience and a strong sense of unity.”

His remarks came after chairing a meeting of the National Economic Action Council (MTEN), which reviewed in detail the worsening global energy crisis and its implications on the national economy and public well-being.

The crisis is partly driven by escalating geopolitical tensions involving United States and Israel against Iran, with reports indicating continued hostilities since Feb 28. Iran’s Foreign Ministry spokesperson has maintained that no direct negotiations with the United States have taken place thus far.

Despite the mounting challenges, Anwar emphasised that Malaysia’s economic fundamentals remain strong and resilient.

He said the government would continue to act proactively based on current data and realities, including engaging with industry players and small and medium enterprises (SMEs), to ensure policies are comprehensive, balanced and effective.

“God willing, every decision will be guided by responsibility and the interests of the people,” he said.

“The government will strive to ensure energy supply stability, maintain smooth economic operations and uphold the welfare of the rakyat as a top priority in all actions,” he added.

-THE MALAYSIA VOICE