Malaysian Prime Minister Najib Razak took steps for a shift toward fiscal prudence, scrapping sugar subsidies and unveiling plans for a consumption tax in 2015 while softening the impact with handouts to the poor.
Robert Pick, the former deputy head of the U.K.’s Marlborough College, recalls the day in 2009 when he stood atop a hill at the southern tip of Malaysia and scanned an endless sea of green palm oil trees. He strained to see the spot among the massive plantations where the private boarding school would build its first overseas branch three years later, Bloomberg Markets magazine will report in its September issue.
Malaysia’s Anwar Ibrahim struggled to swing voters in government strongholds where his own ethnic group is dominant, thwarting his ambition to take power from a ruling coalition he helped lead before his ouster in 1998.
Malaysia’s government is using public humiliation in its war on graft as Prime Minister Najib Razak seeks to show voters that he’s getting tough on corruption ahead of an election that may be held within weeks.
Malaysia Prime Minister Najib Razak said stocks and the ringgit would plunge if he loses next month’s election, contrasting his government’s pursuit of stable change with the upheaval that has engulfed the Middle East.