Prime Minister Tun Dr Mahathir Mohamad has sought to rein in debt, restructure state-linked firms and spur economic growth since returning to power two years ago. That has led to billion-dollar projects being revised or canceled and leadership changes at the country’s biggest companies -- moves that have roiled the markets. Still, the worst may be over.
KUALA LUMPUR: Investors are going bargain hunting in Malaysia as they expect government policy changes to start bearing fruit.
Global funds from Aviva Investors to BNP Paribas SA are picking out cheap deals in the country after its benchmark stock index had the worst year since 2008. Sentiment appears to be on the mend as inflows into Malaysian equities swell to $121 million so far in January, the biggest monthly purchase in a year.
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