Because this entry is long, I will say it upfront: the diversification of 2015-2018 at its core was due to: Collapse in crude oil price, with Brent dropping from around $110 per barrel in early 2015 to about $40 per barrel by late December 2015. Half of the reduction in petroleum share of government revenue […]

The mainstream media is celebrating the strengthening of the Malaysian ringgit against the United States dollar. Through the glory days when a dollar cost roughly only 2.5 Malaysian ringgit is something that many long for, I find the jovial mood caused by stronger ringgit is something awkward. I am in the opinion that the media, […]