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Asia-PacificApril 30 2015

Shaken but not stirred: Malaysia sustains oil price drop

Global oil price volatility may be weighing heavily on Malaysia’s economy, but such events are not putting the country’s banking sector off its stride. Indeed, its lenders are increasingly looking to opportunities in the Asean region and Islamic banking to diversify their balance sheets. 
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Shaken but not stirred: Malaysia sustains oil price drop

When Brent crude oil prices started plummeting drastically in 2014 from a $115-a-barrel high to less than $50 a barrel in early 2015, worries arose for countries that depend on exports of oil and gas.

Malaysia falls in this category. But many forget that although the country remains a net natural gas exporter, it is also a net oil importer. So while Malaysia has been affected by the heavy drop in oil prices, the situation is far less panicked than perceived externally.

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