The impact of low oil prices and the depreciated ringgit on PETRONAS
The low oil-price environment is challenging for oil exporters globally. While we expect currency weakness and government spending cuts to be a feature of the Malaysian economy in 2015, GDP growth is expected to remain strong. The weaker ringgit may be Malaysia's saving grace. In comparison to many other oil exporters, Malaysia has a diversified economy that becomes more competitive as the ringgit depreciates.