Ramli said that prolonged tensions in several strategic regions of the world, including the Middle East, had triggered a ripple effect on global market stability, particularly in the energy sector and supply chains.

“In facing this challenging reality, Penang cannot merely be an observer,” Ramli said when delivering his opening address at the 15th Penang state legislative assembly here today.

“This state should continue to take proactive measures to strengthen its internal capabilities and resilience by emphasising energy efficiency, enhancing food security, and ensuring disciplined and visionary fiscal management.”

He praised Prime Minister Anwar Ibrahim’s “decisive” policies, which he said had helped Malaysia’s economic fundamentals remain strong during the conflict.

He also cited projections and official data from the statistics department, which stated that Malaysia’s gross domestic product growth for the year is estimated to be between 4% and 5%, while the inflation rate is expected to remain moderate and well below its long-term average of 1.5% to 2.5%.

“I am confident that the federal government will continue to monitor this development wisely and take the appropriate measures to ensure that the welfare of the people is preserved, basic supplies are guaranteed, and the country’s economic growth is maintained.”

Ramli urged state assemblymen to be accurate and prudent when disseminating information and providing constructive ideas.

He said speculative statements devoid of facts would only cause unnecessary anxiety, especially in the face of global uncertainties.

“Any inappropriate remarks we make carry negative consequences,” he said.

The Penang state assembly will sit from May 11 to 15.