The Malaysian economy is expected to expand by 6.2 per cent this year, driven by a rebound in exports as well as higher crude oil prices, says an economist.
Daiwa Capital Markets Managing Director and Chief Economist Prasenjit K. Basu said not only was Malaysia and Brunei the only Asian countries which were net oil exporters, they were also among the biggest beneficiaries with a continuous hike in crude oil prices.
Basu, based in Singapore, said geopolitical crisis in the Middle East and North Africa have resulted in a continuous hike in global crude oil prices.
Read more: Malaysia 2011 GDP to grow 6.2pc: Expert http://www.btimes.com.my/Current_News/BTIMES/articles/20110301152203/Article/index_html#ixzz1FMgZgEXU
Daiwa Capital Markets Managing Director and Chief Economist Prasenjit K. Basu said not only was Malaysia and Brunei the only Asian countries which were net oil exporters, they were also among the biggest beneficiaries with a continuous hike in crude oil prices.
Basu, based in Singapore, said geopolitical crisis in the Middle East and North Africa have resulted in a continuous hike in global crude oil prices.
Read more: Malaysia 2011 GDP to grow 6.2pc: Expert http://www.btimes.com.my/Current_News/BTIMES/articles/20110301152203/Article/index_html#ixzz1FMgZgEXU
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