Government Addresses Impact of Global Energy Crisis on SMEs and Healthcare Sector

Kuala lumpur: The government is taking the impact of the global energy crisis on industry players, particularly micro, small, and medium enterprises (MSMEs) and the healthcare sector, seriously, said Minister of Economy Akmal Nasrullah Mohd Nasir. He stated that industries are currently facing cost pressures and supply continuity challenges resulting from the energy crisis. According to BERNAMA News Agency, Akmal Nasrullah emphasized that the government's priority is not just to ease short-term pressures but also to enhance the durability of existing supplies and carry out a responsible structural transformation of the economy. He noted that these efforts must consider the country's fiscal position, which is currently burdened by high fuel subsidies. The government's objective is to reduce the burden on industry, protect end consumers, and ensure Malaysia's economy remains resilient. Earlier today, Akmal Nasrullah, along with the Prime Minister's Policy Advisory Committee (PMAC), conducted an engagement ses sion with industries affected by the global energy crisis, focusing on MSMEs and the healthcare industry. The session was attended by SME Corp Malaysia, the Federation of Malay Stallholders and Small Traders Associations of Malaysia (GPPPKMM), the Small and Medium Enterprises Development Corporation Association of Malaysia (SAMENTA), the SME Association of Malaysia, and representatives from the healthcare industry such as the Medical Device Manufacturers Association of Malaysia (PERANTIM), the Malaysian Association of Pharmaceutical Suppliers (MAPS), the Pharmaceutical Association of Malaysia (PhAMA), and the Malaysian Organisation of Pharmaceutical Industries (MOPI). The session allowed industry players to discuss the impact of the global energy crisis on business operations, including rising input costs, supply chain pressures, and the challenges of maintaining competitiveness and operational continuity. Akmal Nasrullah highlighted that the health industry had expressed concerns about increasing costs that could affect the supply chain of essential health products and services. He emphasized that the government takes this matter seriously, especially the impact on MSMEs, which are more vulnerable to cost shocks and supply disruptions. The approaches under consideration aim to address current pressures while extending the durability of existing supplies and strengthening the country's economic capacity to withstand external shocks in a structured and sustainable manner. Akmal Nasrullah also mentioned the importance of acting prudently when formulating the next steps, balancing measures with the nation's fiscal position, particularly given the heavy burden of fuel subsidies. He stressed that any intervention must be targeted, impactful, and capable of easing pressure on the industry without transferring those costs to end consumers. The economy minister reiterated the government's commitment to ensuring business continuity, stable supply, and the welfare of the people. He added that the priority is to ensure t he country has sufficient fiscal headroom to manage global pressures while implementing structural economic reforms that will strengthen national resilience over the medium and long term.