Malaysia steps up liberalisation agenda

Bank Negara Malaysia on Monday announced a raft of measures to further liberalise the country's financial markets.

The measures include the issuance of new banking licences, a rise in foreign-equity limits and greater operational flexibility.

"The liberalisation measures aim to strengthen Malaysia's economic interlinkages and enhance the role of the financial sector as a key enabler and catalyst of economic growth," the central bank said, adding that the measures would not only contribute to

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