Tan Sri Mohd Hassan Marican, chairman of the Crisis Management Task Force of Malaysia's National Economic Action Council, has highlighted that the ongoing global supply and energy crisis is not merely an oil price issue but a broader disruption that will gradually affect households through increased living costs. He cautioned that the crisis will begin with rising fuel and logistics costs before impacting sectors such as petrochemicals, plastics, and construction. While Malaysia has a robust oil and gas ecosystem and institutions like Petronas to stabilize the situation, it remains vulnerable to external shocks due to its open economy. The government has initiated various measures, including targeted fuel subsidies and expanded cash assistance, to cushion the impact on lower-income groups and MSMEs. Mohd Hassan stressed the importance of a coordinated national response, requiring discipline and collaboration across all sectors. He also noted the delicate balance the government must maintain between providing relief and ensuring fiscal sustainability, as prolonged subsidies could strain public finances. Despite global uncertainties, he expressed confidence in Malaysia's resilience and ability to adapt to challenges ahead.