Malaysia is going all out to make its stock market more competitive, amid a slumping ringgit. Prime Minister Anwar Ibrahim has announced new reforms to rejuvenate financial markets and ensure the country’s competitiveness. Bursa Malaysia has been under foreign selling pressures for nine consecutive months, with net foreign selling amounting to over $173 million in May. Worsening the situation: The ringgit is among the worst-performing currencies this year, trading at all-time lows against the greenback and the Singapore dollar.
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