Prime Minister Najib Razak has announced an impressive raft of liberalisation measures since he took office in a bid to woo back investors, but his efforts may founder unless he takes steps to stamp out corruption.
Najib took the top job in April charged with renewing a government that was rocked in polls last year as many voters forsook the coalition that has ruled this Southeast Asian country for over half a century, tired of broken pledges to tackle graft.
Since he came to power, however, a scandal over a port trade zone close to the capital has emerged, exposing links between government politicians and business and worrying holders of US$1 billion of bonds who fear they may not be repaid...