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Post Weak Oil Price Amid Covid-19 Pandemic

12 May 2020
Post Weak Oil Price Amid Covid-19 Pandemic
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On May 12, 2020, there are 3 experts told Malay Mail that the combination of a global pandemic and depressed oil prices could be the opportunity for Malaysia to reinvent and diversify its economy,

Below are the highlights:-
- AmBank Group chief economist and head of research Anthony Dass told Malay Mail that oil price was likely to remain depressed over the next few years and would force the government to find other sources of revenue to compensate.
 
- According to renowned economist Jomo Kwame Sundaram, the country should move aggressively to embrace renewable energy, singling out photovoltaic solar energy and palm oil-based biodiesel as ways forward. 
 
- As for the near term, Universiti Tun Abdul Razak (Unirazak) economist Barjoyai Bardai suggested the government re-strategise the administration to cut down on unnecessary expenditures. 

Original Article:
https://www.malaymail.com/news/malaysia/2020/05/11/weak-oil-price-amid-covid-19-pandemic-an-invitation-for-malaysia-to-reinven/1864959


Oil & Gas Update from Davor Marketing Team
Email: sales@davor.com.my
Whatsapp: +6012 - 291 9166
Website: www.davor.com.my


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