MALAYSIA was monitoring the Israel-Palestine conflict closely, especially to see if it would spread to other countries, said Investment, Trade and Industry Minister Tengku Zafrul Abdul Aziz.

“In terms of trade, the impact on Malaysia is small, but we are monitoring to see if (the conflict) would escalate and spread to other countries.

“We are also preparing for any eventuality,” he told Bloomberg News.

Earlier, Tengku Zafrul spoke about Budget 2024, especially on the government’s move to attract quality investments.

During the tabling of Budget 2024 on Friday, Prime Minister Anwar Ibrahim proposed the government pledge RM10 million to the Palestine Humanitarian Fund under the Prime Minister’s Department.

Anwar, who is also finance minister, urged companies and the public to contribute to the fund. – Bernama, October 16, 2023.