Malaysia, which is already being hit by a political scandal around 1MDB, a slump in commodity prices and a sliding currency, is expected to be hit by further risks as of April with the departure of the country's respected central bank governor, Frederic Neumann, as well as a further fall in price of gas exports. Experts say the country is not taking on board fully the amount of upcoming risks. Malaysia's liquefied natural gas (LNG) exports have so far been shielded from the most recent fall in crude prices but are expected to show sharp drops from April as a more than 40% slump in crude since October is priced in; already prices for spot LNG cargoes to Japan have halved.
Malaysia, which is already being hit by a political scandal around 1MDB, a slump in commodity prices and a sliding currency, is expected to be hit by further risks as of April with the departure of the country's respected central bank governor, Zeti Akhtar Aziz, as well as a further fall in price of gas exports. Experts say the country is not taking on board fully the amount of upcoming risks. Malaysia's liquefied natural gas (LNG) exports have so far been shielded from the most recent fall in crude prices but are expected to show sharp drops from April as a more than 40% slump in crude since October is priced in; already prices for spot LNG cargoes to Japan have halved.