Door’s Open

The Associated Press   |  Tue, 06/30/2009 2:26 PM  |  World

Door’s Open: Malaysian Prime Minister Najib Razak announces a major liberalization of the Malaysian economy, relaxing a host of restrictions on foreign investment, including a controversial rule requiring businesses to be partly owned by ethnic Malays, at an investment conference in Kuala Lumpur, Malaysia, on Tuesday. Razak announced that listed companies will no longer be required to allocate 30 percent of their stake to Malays as part of an affirmative action program for the country's ethnic majority. AP/Mark Baker Malaysian Prime Minister Najib Razak announces a major liberalization of the Malaysian economy, relaxing a host of restrictions on foreign investment, including a controversial rule requiring businesses to be partly owned by ethnic Malays, at an investment conference in Kuala Lumpur, Malaysia, on Tuesday. Razak announced that listed companies will no longer be required to allocate 30 percent of their stake to Malays as part of an affirmative action program for the country's ethnic majority. AP/Mark Baker
  
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