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The two oils dominate the agriculture and mining sectors, and are in fact, the primary fuels of the country’s economy over the last several years, thanks to the commodity boom.
Now that the good times for oil and CPO may well be over, the effect will reverberate throughout the economy.
Mahbob Abdullah
“The immediate impact (of the lower prices) is in the export earnings,” says RAM Holdings Bhd group chief economist Dr Yeah Kim Leng. “There will be a small dent. About 20% to 22% of our total exports are commodities.”
Much of the value that oil and CPO brings to Malaysia comes from the huge amounts that we sell to other countries...
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