Malaysian economy stays resilient, says IMF

Lower contribution: Dividend from Petronas totals RM16bil for 2016 compared with RM26bil last year.

IKUALA LUMPUR: The Malaysian economy has performed well over the past few years and remained resilient despite the challenging global economic environment, said the International Monetary Fund (IMF) in its annual consultation report on Malaysia, which concluded on March 15.

Despite the global commodity price impact and financial market volatility, it said the country’s economy remained resilient, owing to a diversified production and export base, strong balance sheet position, flexible exchange rate, responsive macroeconomic policies and deep financial markets.