KUALA LUMPUR, July 8 — Crude oil supplies for industrial production, including resin manufacturing, remain stable, and industries are also adjusting their operations to cope with rising costs.
The Economy Ministry said it will continue to monitor developments in the global supply crisis to ensure that supply and prices do not disrupt downstream industrial operations.
"Nevertheless, the country's overall manufacturing sector remains resilient, supported by domestic demand and the government's proactive policy measures," it said in a written reply published on the Dewan Rakyat website yesterday.
The ministry was responding to Kuala Terengganu MP Datuk Ahmad Amzad Mohamed's query on the estimated economic losses and decline in production capacity among Malaysia's downstream industries resulting from disruptions to global plastic raw material supplies in the first half of 2026, as well as the government's mitigation plan to reduce dependence on unstable external supply chains.
It also outlined the government's mitigation plan to reduce reliance on unstable external supply chains. Through the Investment, Trade, and Industry Ministry and relevant agencies, it has implemented and continues to implement initiatives such as diversifying sources of supply and trading partners and strengthening the domestic ecosystem and local value chains.
These initiatives include driving innovation and the use of alternative materials, as well as digitalisation and supply chain management.
