| Sovereign wealth fund Khazanah Nasional Bhd said low crude oil prices as well a weaker ringgit has its advantages and disadvantages. "Crude at US$50 (S$69) or below is not good for the country obviously, but there is also a flipside to it. For example, Khazanah companies that are consumers of oil and gas like Tenaga and Malaysia Airlines, they actually benefit in that sense.
"A weaker ringgit is tough in the aspect of exporters but the healthcare and tourism companies will benefit," said managing director Tan Sri Azman Mokhtar at a briefing after the graduation ceremony of Government-linked Investment Companies (GLICs) and Government-linked Companies (GLCs) under the GLC Transformation Programme...............................................Full Article: Source
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