Redefining our economic resilience in the face of Middle East crisis

The crisis in the Middle East is a direct hit to Malaysia’s supply lines, fiscal space, and industrial core. We often frame these conflicts through the narrow lens of “oil price hikes". But that is an incomplete diagnosis. This was reiterated at a recent forum hosted by UKM Minda, in collaboration with UAC and MIER. We were told that 70 per cent of our consumption—our exports, our manufacturing, and our tourism—lives or dies by the stability of global supply chains and foreign demand.

Original source: New Straits Times