Even in Malaysia, a net oil exporter, analysts say the Kuala Lumpur Composite Index would fall below the psychological 900 points level if prices hit US$70 a barrel. A leading think tank last month cut its GDP growth forecast for this year to 5.1 percent from 5.4 percent.
Mon, Aug 22, 2005 - Page 10 News List
Asia braces for more hits from oil prices
ECONOMIC THREAT Japan, South Korea and Singapore are expected to fare far better than many of their neighbors as soaring energy costs cut into foreign exchange reserves
AFP , SINGAPORE
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