Malaysia will face more challenges from oil and commodity prices

Bank Negara said the decline in prices would have an impact on the economy, given that commodities comprising crude oil, liquefied natural gas (LNG) and crude palm oil (CPO) accounted for 23% of exports and 15% of production, while manufactured products comprise 77%.

PETALING JAYA: Crude oil and commodity prices will continue to present challenges to the country’s economic outlook this year.

Bank Negara said the decline in prices would have an impact on the economy, given that commodities comprising crude oil, liquefied natural gas (LNG) and crude palm oil (CPO) accounted for 23% of exports and 15% of production, while manufactured products comprise 77%.