Malaysia is well-positioned to withstand rising fiscal pressures as the price of Brent crude holds above US$100 per barrel, with stronger petroleum-related revenues expected to cushion the impact of a higher RON95 subsidy bill, said analysts.
BMI senior country risk analyst Caroline Wong said higher oil prices would significantly increase the subsidy burden, but elevated crude prices would also lift government revenues, allowing the government to remain broadly on track with its fiscal consolidation plans.
She added that the government is expected to…
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