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Falling oil prices could be a curse for KL

Being net importers, rest of Asian economies expected to gain from low prices

The logo of Malaysian oil and gas company Petronas seen against a backdrop of the country's iconic Twin Towers. The oil firm's heavy investment commitments - its shale gas plant in Canada, the Rapid project in Johor, and the prospecting of marginal oil fields - could crimp its cash flows.

Kuala Lumpur

WHILE falling oil prices are a boon for Asian economies, Malaysia is the exception, being the only net oil exporter in a sea of importers.

 Global oil prices have collapsed with the yardstick Brent crude falling to about US$85 from a peak of US$121 early this year,