SHAH ALAM, July 24 — The Investment, Trade, and Industry Ministry (MITI) is ready to work with the state government to strengthen the resilience of local industries and small and medium enterprises (SMEs) amid global economic uncertainties.
Its minister Datuk Seri Johari Abdul Ghani said they welcome Selangor’s move to introduce targeted economic stimulus packages to protect local industries and SME supply chains, and are prepared to support these efforts.
“MITI and its agencies are ready to collaborate in implementing any efforts that will strengthen the preparedness and resilience of local industry players in the state,” he said in a Dewan Negara written reply yesterday.
Johari was responding to Senator Tiew Way Keng’s query on MITI’s mitigation plans in addressing global economic uncertainty, and the federal government’s commitment to support Selangor’s proposed stimulus packages.
The state government has rolled out two Selangor Resilience Enhancement Packages to cushion the impact of global economic uncertainties on the business and the community, allocating RM355.06 million for various initiatives.
Those targeted at small businesses include rental rebates for premises operating under local authorities and the expansion of the Selangor Advance programme to provide faster cash access to ease cash flow pressures faced by companies involved in state and district-level projects.
He added that the close cooperation between the federal and state governments is crucial in ensuring economic policies and initiatives benefit businesses as well as the public.
“The government understands the importance of close relations between the federal and state governments as a key factor in determining the success of national economic policies,” Johari said.
He also highlighted Selangor’s role as a major economic hub, contributing about 26.5 per cent of the national gross domestic product in 2025, valued at RM460.1 billion.
Selangor remained one of the country’s top investment destinations, recording RM33.5 billion in approved investments in the first quarter of 2026, the highest among all states.
Johari noted that among recent high-impact investments in Selangor is Hanan Medicare Sdn Bhd’s planned RM194.9 million pharmaceutical manufacturing facility in Rawang, which will produce high-value products, including insulin.
Commenting on broader mitigation measures, he said the government is diversifying export markets and energy sources, strengthening supply chains, and encouraging local companies including SMEs to leverage Malaysia’s network of free trade agreements (FTAs) to expand market access and secure alternative sources of inputs.
Malaysia currently has 17 FTAs with 24 key trading partners, comprising nine regional agreements and eight bilateral agreements.
