Tag: near-term

PM ANWAR IBRAHIM UNVEILS BOLD NATIONAL STRATEGY TO SHIELD MALAYSIANS FROM GLOBAL ENERGY CRISIS

KUALA LUMPUR, April 15 — Prime Minister Anwar Ibrahim yesterday announced a comprehensive and decisive national strategy following a high-level meeting of the National Economic Action Council (MTEN), aimed at protecting Malaysians from the prolonged global energy crisis. Describing the situation as “prickly and expected to persist,” Anwar stressed that the government’s top priority is safeguarding the welfare of the people while maintaining discipline and realism in all policy measures. At the heart of the immediate response is ensuring uninterrupted supply of energy and essential goods. The Prime Minister highlighted the critical role of PETRONAS, alongside early-stage planning, to guarantee sufficient supply in the coming months. To ease the burden of rising costs, the government will expand diesel subsidies, targeting farmers, smallholders, and individual vehicle owners. This move is expected to cushion vulnerable groups from the impact of global fuel price volatility. In tandem, demand-side measures are being intensified. These include improving energy efficiency and implementing Work From Home arrangements for civil servants starting immediately. Enforcement operations—dubbed “Cold Ops”—will also be ramped up to combat hoarding and smuggling activities that threaten national fuel supply stability. Looking ahead, Anwar emphasized a strategic shift toward renewable energy to reduce dependence on imported fuels. Biodiesel has been identified as a practical near-term solution, with plans to gradually increase the blend rate to B15 using existing infrastructure. “This allows us to act immediately while preparing for more advanced systems in the future,” he said. The Prime Minister also added that Malaysia’s strong industrial base and domestic capacity will not only stabilize current supply but also strengthen long-term energy resilience. “Insya-Allah, with determination, discipline, and unity, we will overcome this challenge together,” Anwar affirmed. The announcement signals a coordinated national effort to navigate global uncertainties while ensuring the stability of Malaysians’ daily lives. -- Minutes MY / Igneseous Noris -- Credit: FB Anwar Ibrahim

KUALA LUMPUR, April 15 — Prime Minister Anwar Ibrahim yesterday announced a comprehensive and decisive national strategy following a high-level meeting of the National Economic Action Council (MTEN), aimed at protecting Malaysians from the prolonged global energy crisis. Describing the situation as “prickly and expected to persist,” Anwar stressed that the government’s top priority is […]