Phar, Kim Beng (2026) Energy shock requires swift impactful response. Free Malaysia Today, 2026 (24). pp. 1-3.
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Abstract
This article examines the implications of an emerging energy shock for Malaysia and argues that the scale and immediacy of the crisis require a swift, coordinated, and impactful policy response. It contends that disruptions to global energy markets can rapidly transmit economic pressures through higher production costs, inflationary pressures, and declining household purchasing power, thereby transforming an external energy shock into a broader domestic socioeconomic challenge. Drawing parallels with the scale of government intervention during the Covid-19 pandemic, the article argues that conventional or incremental policy measures may be insufficient to mitigate the cascading effects of rising energy costs. Particular emphasis is placed on the need for targeted fiscal assistance, institutional coordination, and proactive government intervention to protect vulnerable households and economically exposed sectors. The article further highlights the strategic importance of strengthening Malaysia’s energy resilience by reducing structural vulnerabilities and improving national preparedness for future external disruptions. It concludes that energy security should be approached not merely as an economic or commodity issue but as a central component of national resilience, social stability, and strategic preparedness. Malaysia’s ability to respond decisively during the early stages of an energy shock will ultimately determine whether the crisis remains manageable or develops into a deeper and more prolonged economic disruption.
| Item Type: | Article (Electronic Media) |
|---|---|
| Uncontrolled Keywords: | Energy Security; Energy Shock; Malaysia; Economic Resilience; Energy Crisis; Government Intervention; National Resilience; Inflation; Strategic Preparedness |
| Subjects: | J Political Science > JZ International relations |
| Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): | International Institute of Islamic Thought and Civilization (ISTAC) Office of the Rector |
| Depositing User: | Dr Kim Beng Phar |
| Date Deposited: | 19 Jul 2026 04:42 |
| Last Update: | 20 Jul 2026 10:17 |
| Queue Number: | 2026-07-Q4151 |
| URI: | http://irep.iium.edu.my/id/eprint/130048 |
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