Oil price recovery fires hope for Malaysian economy


Dateline 2017-02-07, Astro Awani:

The recovery of global oil prices is expected to benefit Malaysian economy as it will lead to domino effect across other sectors and commodities.

According to OCBC Bank, the recovery of oil prices will also be the catalyst for Malaysian export dan supporting the ringgit value.

OCBC Economist Wellian Wiranto said the oil price would hover around US$D65 per barrel by the end of 2017, subsequently contributing positively to national coffers.

 

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