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Malaysia's agriculture ministry is accelerating efforts to reduce dependence on imported farm inputs, citing lessons from regional conflicts and supply chain vulnerabilities that threaten national food security.
Malaysia's stock market retreated to a 10-day low as crude oil prices surged beyond US$100 a barrel amid Middle East conflict fears, offsetting gains in energy stocks and weighing on tech and property sectors.
Oil prices jumped Friday as US-Iran hostilities intensified across the Persian Gulf, with crude benchmarks climbing nearly 12% weekly. Potential Red Sea disruptions and Iranian retaliation add fresh supply concerns.
South Korea's benchmark KOSPI index triggered an automatic trading halt on Monday as escalating US-Iran military tensions sent regional equities into sharp decline. The circuit breaker was the seventh activation in 2024.
Malaysia's federal government debt is projected to remain below the 65% GDP statutory ceiling in 2026, the Finance Ministry confirmed in parliament. The government is implementing cost-control measures while monitoring economic risks from global tensions.