SHAH ALAM, April 23 — It is still too early to determine the full impact of the conflict in West Asia on Selangor’s investment performance.
State executive councillor for investment, trade, and mobility Ng Sze Han said the situation is being closely monitored as global uncertainties continue to evolve.
"The conflict in West Asia and the global energy crisis, particularly high crude oil prices and limited supply, could potentially disrupt trade performance.
"The situation may lead to higher logistics and insurance costs, which could in turn push up the prices of goods. It may also cause disruptions in supply chains, affecting production operations and schedules, while some companies could face order cancellations," he said during the Selangor State Legislative Assembly sitting today.
As such, Ng encouraged local companies to strengthen their competitiveness and enhance domestic investment capacity, as more than 60 per cent of Selangor’s investment profile is currently driven by local investments.
He added that Selangor contributes 26.2 per cent to Malaysia’s gross domestic product, meaning any disruption could directly affect both the state and the national economy.
"Selangor’s trade value recorded steady growth in recent years, rising from RM769.9 million in 2023 to RM864.48 million in 2024, before increasing further to RM943 million in 2025," Ng said.
