Malay partners no longer needed for Malaysian service sector investment

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Updated April 24, 2009 19:33:11

Malaysia's new Prime Minister has dropped rules requiring foreign investors in Malaysia's service sectors to recruit ethnic-Malay partners. The change comes as officials warn that Malaysia's economy could shrink by as much as one per cent this year. Prime Minister Datuk Seri Najib has also promised the financial sector will be his next target for similar reforms.

Presenter: Desmond Ang
Speaker: Dr Ramon Navaratnam, Chairman of Malaysia's Centre of Public Policy Studies; Doctor Mahani Zainal, Director General of Malaysia's Institute of Strategic and International Studies

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