KUALA LUMPUR: The National Economic Action Council (NEAC) will monitor developments in the Middle East crisis and its potential impact on the economy, says the Prime Minister.
“The government remains focused on maintaining the foundation of the country’s economic resilience and ensuring that the people’s livelihoods are not affected,” he said on X.
Anwar said the Cabinet had agreed for the council to monitor the situation in the Middle East and hold in-depth discussions weekly.
The NEAC is a high-level body that coordinates the country’s main economic policies and responses, especially when faced with economic challenges.
Anwar said the NEAC meeting which he chaired yesterday, was briefed on the main indicators of the country’s economy.
The meeting was informed that the overall situation is still under control, he said.
“However, monitoring and early steps to address possible developments that may arise need to be planned now.
“In this regard, NEAC discussions will involve more active participation from various industries to ensure understanding of the issues and for faster and more practical solutions be taken,” he said.
Earlier, Anwar said the situation in the Middle East had caused significant and real economic ramifications for Malaysia, including higher subsidy commitments to maintain fuel prices.
He said maintaining the current RON95 petrol price was part of the government’s efforts to ease the people’s burden.
