​BUKIT MERTAJAM: Prime Minister Datuk Seri Anwar Ibrahim has advised the people to be prudent in their spending and be thrifty as a precautionary measure to face possible global economic uncertainties. He said that although the country's current economic situation was under control, international geopolitical developments, particularly the conflict in the Middle East, could affect global supply chains, thereby pushing prices higher. Elaborating, he said global oil prices have now surged to as much as twice their previous levels following tensions arising from the conflict between Iran, the United States (US) and Israel. We (the government) want to maintain the subsidised prices (of essentials), but we do not know how long it can last, because global oil prices have surged sharply. We don't know how long this economic situation can last.

Source: The Star March 07, 2026 14:00 UTC