Anwar calls for quick action to strengthen economic resilience

 The prime minister said all plans must be swiftly implemented to fend off any external shocks or disruptions, following the imposition of US tariffs.

Prime Minister Anwar Ibrahim with Sarawak premier Abang Johari Openg and other officials at a special meeting on Sarawak’s development in Kuching today. (Facebook pic)

KUALA LUMPUR: 

The federal and state governments must be fully prepared in facing global economic uncertainties, especially following the recent imposition of tariffs by the United States, said Prime Minister Anwar Ibrahim.

He said all plans must be swiftly implemented to strengthen the country’s economic resilience against any external shocks or disruptions.

Anwar, who is also the finance minister, said this in a post on X after chairing a special Sarawak state development meeting in Kuching.

Anwar said the meeting also discussed the Sarawak gas roadmap and tax incentives by the Sarawak Development Bank, which have the potential to strengthen the state’s economy and generate benefits for the people of Sarawak and Malaysia as a whole.

He added that the meeting also reviewed the direction and priorities of development projects in Sarawak to ensure alignment with the federal government’s plans.

The US has imposed a 24% tariff on Malaysia, and tariffs ranging from 10% to 49% on other Asean countries, which have currently been suspended for 90 days, in addition to a blanket minimum tariff of 10% on imports from all countries. - FMT