Malaysia will continue managing the ongoing global supply crisis based on four key priorities, including ensuring sufficient supply of food, energy, medicines and essential goods, its Economy Minister Akmal Nasrullah Mohd Nasir said, as the government moves to shield households and businesses from rising global uncertainties.

During a recent briefing following the National Economic Action Council meeting, Akmal said the government's priorities also include extending and optimizing existing supplies through subsidy management, leakage controls and stricter enforcement measures.

The government will also focus on containing price increases to prevent higher costs from being fully passed on to consumers, while exploring new opportunities in biodiesel, sustainable fuels and alternative energy sources, he said.

"The impact of the global supply crisis is expected to become more pronounced in the third quarter of this year, particularly on price stability, industrial operating costs and the labor market," Akmal said.

He added that the reality of rising living costs, industrial operating pressures and global uncertainty requires the government to remain cautious and act swiftly.

He also said the government would continue implementing targeted support measures, including fuel assistance and financing facilities for small and medium enterprises, to cushion the impact on vulnerable groups and businesses.