What impact do rising global shipping costs have on Malaysian goods?

Question

## Rising global shipping costs have pushed Malaysian goods prices up slightly, while fuel supply has stayed stable for now.

Accepted Answer

Rising shipping and insurance costs tied to tensions around the Strait of Hormuz have made some imported goods more expensive in Malaysia. Anwar said prices of goods have increased “a little” because Malaysia buys from outside sources and shipments must pass through that route, which raises freight and insurance charges. At the same time, petrol supply is expected to remain stable until at least July and possibly August, with RON95 kept at RM1.99 per litre under the Budi95 programme.

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What impact do rising global shipping costs have on Malaysian goods?

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