Malaysia introduces multiple measures to address supply chain disruptions
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Golden Ten Data reported on May 21 that, in response to global supply chain disruptions caused by the Middle East conflict, the Malaysian government has recently introduced a range of measures, including securing supplies, stabilizing prices, enhancing subsidies, developing alternative energy sources, and strengthening the recycling industry, to boost national economic resilience. Akmal Nasrullah, Malaysia’s Minister of Economy, recently stated that the government will focus on ensuring stable supplies of food, energy, pharmaceuticals, and daily necessities, curbing price increases, strengthening subsidy management, and seizing new opportunities in alternative energy such as biodiesel and sustainable fuels. On May 20, Liew Chin Tong, Deputy Minister of Investment, Trade and Industry, said that the government is formulating new measures to strengthen the local recycling industry, reduce reliance on imports of raw materials such as plastic and polyethylene terephthalate (PET), and thereby enhance the resilience of the national supply chain.
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