Kuala lumpur: The Ministry of Economy is set to deliver a ministerial statement addressing the global energy crisis and worldwide supply chain disruptions when Parliament reconvenes on June 22, Minister Akmal Nasrullah Mohd Nasir confirmed.
According to BERNAMA News Agency, the statement will include a debate session to allow Members of Parliament to discuss the government's actions and plans in addressing the impact of the crisis on the national economy. Akmal Nasrullah emphasized that time will be allocated for this discussion during the parliamentary session, following his address at the Ministry of Economy's monthly gathering.
The Minister highlighted that the government, through the National Economic Action Council (MTEN), has increased its meeting frequency from six to 12 times a year due to pressures from the global crisis, with 124 decisions recorded so far. Malaysia recorded an economic growth of 5.4 percent in the first quarter of 2026, while the inflation rate remained stable at 1.9 percent.
Akmal Nasrullah also noted that approved foreign direct investment for the first quarter of 2026 amounted to RM92.8 billion, with Japan emerging as the largest investor at RM21.5 billion, particularly in the digital and technological transformation sectors. China and the United States each recorded investments of RM10.1 billion, while domestic investment increased by 13 percent to RM36.6 billion compared to the same period last year.
In a separate development, Akmal Nasrullah stated that the ministry is reviewing project applications under the 13th Malaysia Plan (13MP), with an emphasis on more realistic and achievable implementation within the current economic climate. The budget screening process is underway to assess the suitability of the submitted projects and programmes, considering current fiscal challenges and global economic pressures.
The Minister stressed that the assessment takes into account several thorough considerations, ensuring that the continuity of the programmes or projects can be executed within the timeframe, considering the existing constraints. While the 13MP focuses on long-term development up to 2030, adjustments are necessary to sustain economic growth in 2027, balancing immediate intervention needs with medium- and long-term development planning.
Akmal Nasrullah concluded by stating that 2026 is a period of implementation and delivery that requires adaptation without compromising the country's development goals. The ongoing global crisis should be leveraged as an opportunity to strengthen Malaysia's economic resilience.