Malaysia’s economy is facing rising freight and insurance costs due to the ongoing West Asia conflict, but Prime Minister Datuk Seri Anwar Ibrahim says the country remains resilient.
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Shipping insurance premiums have surged by over 100%, while freight costs are also climbing as global supply chains face disruptions.
Anwar: War Drives Up Costs but Malaysia Holds Strong
Despite these pressures, Anwar stressed that Malaysia’s strong economic fundamentals and coordinated policies are helping cushion the impact. The government is actively monitoring risks and engaging key sectors to ensure stability.
He added that while external shocks may persist, Malaysia is prepared with contingency plans to sustain growth and investor confidence.
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