Malaysia, a key petroleum and liquefied gas exporter, has seen uninterrupted export contractions… 1 answer below »

Malaysia, a key petroleum and liquefied gas exporter, has seen uninterrupted export contractions in USD terms since October 2014, as prices for petroleum products and palm oils remain stuck at historical lows. Despite this, Malaysia is not likely in danger of losing its current account surplus as the country?s export sector continues to be buoyed by electrical and manufacturing products bound for the U.S. and China. Furthermore, despite political instability and uncertainty surrounding the replacement of Central Bank Governor Zeti Akhtar Aziz at the end of April, Malaysia?s economy is well diversified and looks to be able to hold up during the current period of heightened financial volatility (Focus Economic, Mar 22, 2016). Required: You are required to carry out a detailed literature review of impact of economic challenges on business strategy planning in Malaysian companies; and consider any financial management implications which ensued. You are required to refer to academic journals only (including publication by ABI/INFORM @ ProQuest. Academic Source Premier @ EBSCOhost, Emerald, SAGE, ScienceDirect, SpringLink and Google Scholar) as your study references.