The Penang State Legislative Assembly's Fourth Session opened with Yang di-Pertua Negeri Tun Ramli Ngah Talib officiating the opening. He emphasized the need for Penang to place greater emphasis on energy efficiency, food security, and disciplined fiscal management in navigating volatile global conditions.
Penang Amanah ceramah a warm-up for coming elections , chance to talk to the rakyat , says sec-gen Yang di-Pertua Negeri Tun Ramli Ngah Talib officiate the opening of First Meeting of the Fourth Session of the 15th Penang State Legislative Assembly at Lebuh Light in George Town.
- ZHAFARAN NASIB/The Star. GEORGE TOWN: Penang must place greater emphasis on energy efficiency, food security and disciplined fiscal management in navigating increasingly volatile global conditions, says Yang di-Pertua Negeri Tun Ramli Ngah Talib. He said the state cannot afford to remain a passive observer and must instead take proactive steps to strengthen its resilience amid global economic uncertainty.
He said prolonged geopolitical tensions, particularly in the Middle East, have triggered ripple effects on global market stability, especially in the energy sector and supply chains.
“In facing these challenging realities, Penang cannot merely be a spectator but must continue to act proactively in strengthening its internal capacity and resilience,” he said when opening the First Meeting of the Fourth Session of the 15th Penang State Legislative Assembly here on Friday . Ramli said Malaysia, as an open economy, is not spared from these developments due to its significant reliance on the affected regions.
He noted that the exposure includes about 61% of crude oil imports, 30% of liquefied natural gas imports, and nearly 40% of global oil flows passing through the Strait of Hormuz. He added that the situation involves critical inputs such as fertilisers, helium and sulphur, which are essential to the country’s industrial and economic sectors.
“However, the national economic fundamentals remain strong and resilient, supported by the positive measures and policies implemented by the Federal Government under the leadership of Prime Minister Datuk Seri Anwar Ibrahim,” he said. Based on projections and official data from the Department of Statistics Malaysia , Ramli said Malaysia’s Gross Domestic Product growth for 2026 is expected to range between 4% and 5%.
He added that the country’s inflation rate is also projected to remain moderate at between 1.5% and 2.5%, well below the long-term average.
“I am confident that the federal government will continue to monitor these developments prudently and take appropriate measures to ensure the welfare of the people is safeguarded, essential supplies are secured, and economic growth is sustained,” he said. Thunderstorm, heavy rain warning for KL, seven other states until 2pm
Penang State Legislative Assembly Yang Di-Pertua Negeri Tun Ramli Ngah Talib Fourth Session Coming Elections Chance To Talk To The Rakyat Energy Efficiency Food Security Disciplined Fiscal Management Global Conditions Volatile Global Conditions Middle East Energy Sector Supply Chains Global Market Stability Malaysia Open Economy Crude Oil Imports Liquefied Natural Gas (LNG) Imports Global Oil Flows Passing Through The Strait Of Fertilisers Helium Sulphur Country's Industrial And Economic Sectors Federal Government Prime Minister Datuk Seri Anwar Ibrahim National Economic Fundamentals Positive Measures And Policies
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