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Oil market's bounce masks persistent risk in Malaysian debt

Oil price still down more than 40 per cent since last June; cracks in political stability appearing
Thursday, May 7, 2015 - 05:50

Jakarta

APRIL was a good month for Malaysia's economy, one of the most deeply exposed to foreign debt in Asia, as a bounce in oil prices boosted foreign reserves and its currency rose the most in three years. But behind the good news lurks lingering danger.

The energy exporter