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Oil rally fails to allay concerns over Malaysia

Fitch prepares to review Malaysia's A- rating, warns that there is more than 50 per cent chance of a downgrade

In April, a new 6 per cent GST was introduced after scrapping fuel subsidies to narrow the fiscal shortfall that's plagued the country since 1998.

Kuala Lumpur

FITCH Ratings have said that an oil rally that helped make Malaysian bonds Asia's best performers over the past three months hasn't allayed concerns over the nation's deteriorating finances ahead of a second-quarter review.

Malaysia's fundamental picture remains