Malaysia changes foreign investment rules
Updated
Malaysia this week announced measures to liberalise the economy as it heads into recession, winding back a decades-old policy of positive discrimination for Muslim Malays.
Prime Minister Najib Razak also scrapped a rule requiring initial public listings to reserve 30 percent of stock for Malays or Bumiputras. It also dropped regulatory approval for foreign property purchases.
Economists have praised the liberalisation moves, which come as the government warns the economy could contract by as much as 5 per cent this year.
Presenter: Sen Lam
Speakers: Tian Chua, member of parliament for Keadilan
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