PETALING JAYA, June 6 — The government is using a sound risk management approach by diversifying energy supply sources to ensure the country’s energy supply is sufficient, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

He said the government, through Petroliam Nasional Bhd and oil companies, remains committed to seeking new supply sources, including from South Africa and the United States, to ensure the continuity of economic activities is not affected.

“This also means we have established new relationships. Some of the supply may come from further away and be slightly more expensive, but the important thing is that the domestic energy supply is sufficient.

“For coal, Malaysia continues to depend largely on Indonesia while expanding its supply sources to other countries, including the United States and Australia. This simultaneously reduces dependence on a single source and strengthens overall supply security,” he told reporters after attending the ‘Program Mikro Kredit Turun Padang’ here today.

He explained that the step was a good risk management measure because if there was any disruption in a supplier country, Malaysia would still have the option to increase supply from other sources.

The Ministry of Finance (MOF) stated today that the ‘Program Mikro Kredit Turun Padang’ is part of the Madani government’s ongoing efforts to strengthen the micro-entrepreneurship ecosystem.

According to the MOF, the programme provides a platform to engage with micro-entrepreneurs at the community level, understand the challenges they face, and disseminate information about various financing facilities, business assistance, and capacity development programmes provided by the government and related agencies.

“The programme is also capable of helping them increase their income, expand business operations, and build more sustainable and competitive businesses,” he said.

The implementing agencies involved in the programme are Bank Simpanan Nasional (BSN), Agrobank, Bank Kerjasama Rakyat Malaysia Bhd, Amanah Ikhtiar Malaysia (AIM), Companies Commission of Malaysia (SSM), TEKUN Nasional, Credit Counselling and Debt Management Agency (AKPK), and Majlis Amanah Rakyat. — Bernama

PETALING JAYA, June 6 — Finance Minister II Datuk Seri Amir Hamzah Azizan met with the Sultan of Pahang, Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah, last week to provide clarification on federal allocations and assistance channelled to the state.

He said the audience enabled him to give a comprehensive briefing covering federal allocations to Pahang, which have shown yearly increases, as well as focusing on priority projects proposed by the state government.

“From the briefing, His Royal Highness was able to see that there is indeed a commitment from the federal government to assist states, including Pahang, through the implementation of development projects, as well as allocations for the state, which have been increasing consistently year by year.

“There were several other proposals expressed by His Royal Highness, and we will review them further. If there is room to improve existing processes, we will work on it,” he told reporters after attending the Micro Credit Outreach Programme here today.

The programme was also attended by Treasury secretary-general Tan Sri Johan Mahmood Merican, along with strategic partners including Bank Simpanan Nasional, Agrobank, Bank Rakyat, Amanah Ikhtiar Malaysia, Companies Commission of Malaysia, Tekun Nasional, the Credit Counselling and Debt Management Agency and Majlis Amanah Rakyat.

Amir Hamzah said that during the meeting he explained that assistance to the people of Pahang is not only channelled through the state government, but also includes various direct federal initiatives such as the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA).

He added that the federal government’s commitment to Pahang’s development is clearly demonstrated through the implementation of strategic projects on the East Coast, including the East Coast Rail Link (ECRL), which is expected to be completed by the end of this year.

He said the high-impact project will serve as a catalyst to attract new investments, thereby boosting infrastructure development and industrial areas.

“Once the ECRL is completed, we will also focus on developing industrial zones along the East Coast. Infrastructure has been built, and we want to ensure more new industries can be brought into the area.

“Besides that, we are also looking at how supporting infrastructure can be further improved so that investors can more easily utilise the facilities provided,” he said.

On May 8, the Tengku Mahkota of Pahang, Tengku Hassanal Ibrahim Alam Shah, questioned federal allocations to the state while opening the First Meeting of the Fifth Session of the 15th Pahang State Legislative Assembly.

Following that, Prime Minister Datuk Seri Anwar Ibrahim instructed Amir Hamzah to provide a comprehensive explanation to be presented to His Royal Highness. — Bernama