(wallstreetjournal.com) - Malaysia is facing its worst flooding in a decade, which has killed at least 10 people and displaced more than 130,000 others.
The flooding has also threatened exports of important commodities such as palm oil and rubber.
State news agency Bernama reported that eight people were missing after the boat they were traveling in was trapped a whirlpool and capsized. Malaysia’s national disaster agency said Sunday the confirmed death toll had reached 10, including five fatalities in Kelantan state.
Meteorologists expect the floods to spread as unseasonably heavy rains move toward southern parts of the country, potentially curtailing palm oil output, which is an important economic driver for many parts of Malaysia. Local benchmark prices posted their largest rise in two months on Friday, rising to 2,249 ringgit, or $643, a metric ton. Continue Reading
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