KL's current account surplus seen falling on LNG slump

Singapore

MALAYSIA'S current account surplus will probably narrow as liquefied natural gas prices drop, according to Bank of America Merrill Lynch, adding a new risk to the nation's weakening economic outlook.

LNG prices may be down 50 per cent by the middle of this year from last June, as they track oil with a lag of four to six months, according to Singapore-based Bank of America economist Chua Hak Bin.