KUALA LUMPUR, April 9 (Bernama) -- Malaysia's economic fundamentals are still stable and the country is capable of achieving a moderately high growth rate despite facing the challenges of falling global oil prices, said Prime Minister Datuk Seri Najib Tun Razak.
He said the drastic decline in oil prices which started from last year had caused oil-producing countries including Malaysia to undertake modifications to their fiscal position as well as implement more proactive measures to face this challenge.
"Eventhough oil prices have dropped, our country's economic fundamentals are intact and we can still attract investments, implement reforms in the nation's transformation and continue to ensure the rakyat's interests are protected," he said.
The prime minister said this in an interview with Hamdan Ahmir in a special edition of TV3's "Soal Jawab Program" tonight.
Global crude oil price had declined by 55 per cent to US$50 per barrel in January this year from US$110 per barrel in June last year.....