World News: 06:49 GMT Thursday 9th May 2019. [Yahoo Business News Feed via SPi World News]
A year after a shock election win, Malaysia’s government is fighting perceptions that its management of the economy deserves poor marks. Prime Minister Mahathir Mohamad and his team have spent much of their first year pledging to clean up the government’s finances in the wake of the scandal around the state investment fund 1MDB. The government has made slow progress in boosting revenue and identifying new growth drivers for an economy stuck in a middle-income trap.
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