Malaysia’s economy more diversified than thought

Major revenue earner: Government estimates suggest that every US1 per barrel increase in oil prices adds about RM300mil to revenue.

PETALING JAYA: Malaysia’s economy is much more diversified today contrary to the common view that that the country is reliant on commodities, said Standard Chartered Global Research.

“For example, while commodities make up about 20% of total exports, electronics constitute an even larger portion: 37% in 2017.