Malaysia Economic News

[BlueKelah]

Somehow, the statement isn't wrong...

Malaysia can ride out ‘almost perfect storm’, minister says

NEW YORK — Malaysia’s economy and currency are suffering from “an almost perfect storm” due to an outflow of funds from emerging markets, low oil prices and China’s slowdown, the country’s economic planning minister said yesterday (Sept 29).

But he said Malaysia was better placed than in the 1990s Asian financial crisis to ride out hard times.

“A lot of people ask us whether we are going to go back to 1997, 1998,” Mr Abdul Wahid Omar told Reuters in an interview on the sidelines of the UN General Assembly in New York.

“Circumstances are very different between then and now. The circumstances are much better - our fundamentals are much stronger.”
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http://www.todayonline.com/world/asia/ma...ister-says

somehow it isn't right either..