Gov't Ready To Face Economic Implications From Prolonged Conflict In West Asia - MKN

KUALA LUMPUR, March 24 (Bernama) -- The government is continuing its preparations to face a prolonged conflict situation in West Asia, which is expected to have economic implications not only for Malaysia but globally.

The National Security Council (MKN) said that the government will adopt a comprehensive and coordinated approach to manage the situation, and the matter was among the key focuses discussed during today’s special MKN meeting held to address the impact of ongoing uncertainty in the region.

The special meeting, chaired by Prime Minister Anwar Ibrahim, will be followed by a special National Economic Action Council (MTEN) meeting tomorrow to deliberate on further measures.

“Malaysia welcomes recent developments where all parties involved have halted attacks for five days, and views this window as an opportunity for serious and sincere negotiations.

“The meeting noted that these latest developments have led to a decline in international oil prices,” the council said in a statement today.

In addition, MKN stressed that Malaysia will continue to play a proactive role in contributing towards resolving the conflict by maintaining close relations with international counterparts.

“Today, the Prime Minister held telephone conversations with leaders from New Zealand, Japan, Bahrain and the United Arab Emirates.

“Malaysia has several key attributes to play this role. For instance, with the exception of Israel, Malaysia maintains good relations with all major parties involved. Its consistent stance, neutrality, and frank approach have earned it respect,” the council said.

The meeting also emphasised national security issues, including intelligence agency activities in Malaysia, prevention of fuel smuggling, and monitoring the condition of Malaysian peacekeeping forces (MALBATT) currently deployed in Lebanon.

The council added that the Malaysian government will continue taking proactive measures to ensure national security and safeguard the welfare of its people during this challenging period.

Regional tensions have escalated since the United States and Israel launched joint strikes on Iran on Feb 28.

-- BERNAMA