Tag: Global Supply

Global Supply Crisis: Selangor’s Financial Position Still Healthy — Amirudin

SHAH ALAM, June 15 -- Selangor's financial position is still at a healthy level despite the global economic uncertainties following the supply crisis and fluctuations in world markets. Selangor Menteri Besar Datuk Seri Amirudin Shari said the state government did not see the need to take emergency measures because revenue collection remains on a positive track. State revenue collection reached RM1.6 billion as of May against this year’s RM2.8 billion target, with the current collection trend showing positive development. "We have not yet pressed the 'panic button', but are monitoring weekly and monthly developments," he said at a press conference after launching the Selangor Resilience Strengthening Package Phase 1 at the Selangor State Secretary's Office (SUK) Building here today.   Amirudin added that Selangor also recorded a RM300 million surplus against total expenditure due to the state government's savings. Although this year's financial position is not as strong as last year's, the state government is confident of achieving the set revenue target, and it still has good reserve collection, he said. "At the same time, various efforts are being made, including through the land disposal process, changes to the actual conditions of land for industrial purposes and the influx of new investments into Selangor," he said. Amirudin said the real impact of global economic uncertainty is expected to be seen in the next few months, and the state government is taking a proactive approach to reduce its impact on the people and the economic sector.   -- BERNAMA

SHAH ALAM, June 15 — Selangor’s financial position is still at a healthy level despite the global economic uncertainties following the supply crisis and fluctuations in world markets. Selangor Menteri Besar Datuk Seri Amirudin Shari said the state government did not see the need to take emergency measures because revenue collection remains on a positive track. […]

M’sia, NZ To Enhance Agricultural Cooperation Amid Global Supply Uncertainties

PUTRAJAYA, May 23 -- Malaysia and New Zealand have expressed commitment to enhancing cooperation to address the global fuel supply crisis and food supply chain uncertainties, including strategic collaboration on critical agricultural inputs such as fertilisers, dairy products and grains. In addition, Malaysia expressed confidence in New Zealand’s regulatory system for agricultural products and encouraged the country to explore opportunities for sharing expertise in the field. The matter was highlighted during a courtesy call by New Zealand High Commissioner to Malaysia Michael Walsh on Agriculture and Food Security Ministry (KPKM) secretary-general Datuk Seri Isham Ishak here yesterday. The meeting followed an earlier discussion held in September 2025 as part of efforts to strengthen bilateral agricultural trade relations between Malaysia and New Zealand. KPKM said in a statement today that New Zealand also offered capacity-building opportunities for KPKM officers through the ASEAN-New Zealand Manaaki Scholarship, in addition to existing cooperation under the Sanitary and Phytosanitary Committee of the Malaysia-New Zealand Free Trade Agreement (MNZFTA). Isham also invited New Zealand to participate in the 2026 Malaysia Agriculture, Horticulture and Agrotourism Exhibition (MAHA), scheduled to take place from Aug 28 to Sept 6, in Serdang under the theme “Value Creation for Food Security”. Agricultural trade between Malaysia and New Zealand totalled RM5.57 billion in 2025, with Malaysia’s exports comprising animal feed ingredients, while major imports from New Zealand consisted of dairy products. Dairy products remained New Zealand’s largest export component to Malaysia, contributing about 75 per cent of total bilateral trade in the sector. In addition, the two countries continue to maintain close cooperation through regional and multilateral platforms, including the MNZFTA and the ASEAN-Australia-New Zealand Free Trade Area. Malaysia and New Zealand will also celebrate the 70th anniversary of diplomatic relations between the two countries in 2027. -- BERNAMA

PUTRAJAYA, May 23 — Malaysia and New Zealand have expressed commitment to enhancing cooperation to address the global fuel supply crisis and food supply chain uncertainties, including strategic collaboration on critical agricultural inputs such as fertilisers, dairy products and grains. In addition, Malaysia expressed confidence in New Zealand’s regulatory system for agricultural products and encouraged […]

PM Anwar Ibrahim: Government Strengthens SME Support Amid Global Supply Crisis

KUALA LUMPUR,20 MAY -- Prime Minister Anwar Ibrahim said the National Economic Action Council (MTEN) meeting yesterday heard a presentation from the Federation of Malaysian Manufacturers regarding the impact of the global supply crisis on the country’s manufacturing sector. According to Anwar, the presentation provided the Government with a clearer understanding of the current challenges faced by the industry, especially the pressure experienced by small and medium enterprises (SMEs) due to rising operational costs and global economic uncertainties. He stressed that every policy and measure introduced by the Government must reflect the realities faced by businesses on the ground to ensure effective assistance reaches the sectors most affected. To strengthen support for SMEs, Anwar said Bank Negara Malaysia has introduced the SME Stabilisation Relief Facility (SME SRF) worth RM5 billion to help businesses maintain cash flow and continue operations. In addition, assurance funding support amounting to RM5 billion through Syarikat Jaminan Pembiayaan Perniagaan (SJPP) has also been made available to support affected industries. Anwar added that MTEN is currently reviewing proposals to improve the Subsidised Diesel Control System (SKDS), with implementation to be carried out in a balanced manner to strengthen leak prevention without disrupting business operations and the country’s supply chain. He said the Government remains committed to managing the crisis by prioritising food, energy, medicine and essential supply security, while continuing efforts to reduce inflationary pressure and strengthen Malaysia’s economic resilience. The Prime Minister also emphasised that engagement with industry players and stakeholders will continue to be enhanced to ensure every policy decision is made comprehensively and in the best interest of both the people and the nation.

KUALA LUMPUR, 20 MAY — Prime Minister Anwar Ibrahim said the National Economic Action Council (MTEN) meeting yesterday heard a presentation from the Federation of Malaysian Manufacturers regarding the impact of the global supply crisis on the country’s manufacturing sector. According to Anwar, the presentation provided the Government with a clearer understanding of the current […]