By Ying Xian Wong
KUALA LUMPUR, Malaysia--Malaysia will implement a work-from-home policy for government agencies, statutory bodies and state-linked companies from April 15, as part of efforts to reduce fuel consumption and ensure energy-supply sustainability amid the Middle East conflict, Prime Minister Anwar Ibrahim said.
In a televised speech late Wednesday, Anwar said the conflict could be prolonged, with recovery taking time and disrupting energy supply chains. However, he said that Malaysia's economy remains relatively stable and the government is able to maintain subsidized fuel prices.
"We must accept that it is no longer business as usual. If the situation is concerning, we must act accordingly and follow our plans", he said.
To cushion the impact of higher fuel prices, the government previously announced a reduction to the subsidized RON95 fuel quota to 200 liters a month from 300 liters a month and rolled out a filling limit on subsidized diesel in East Malaysia.
Anwar said Malaysia remains relatively resilient, supported by adequate domestic energy supply from Petronas at least until May. The government is also spending about 4 billion ringgit a month, equivalent to $993.3 million, to absorb higher fuel costs, while diversifying energy imports, he added.
Write to Ying Xian Wong at yingxian.wong@wsj.com
(END) Dow Jones Newswires
04-01-26 2207ET
