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‘Dark day’ for Yasin: Singer sentenced to life in prison, 16 strokes of the rotan over three drug charges from two years agoStatues of a bull and a bear are seen outside the Bursa Malaysia in Kuala Lumpur. — Picture by Choo Choy MaySINGAPORE, Aug 22 — Malaysia is fast becoming a haven in Southeast Asia and foreign investors are returning to a long-overlooked market as a confluence of improving growth, stable government and rising currency sets it apart among peers grappling with political flux.
The comeback story for Malaysia is underpinned by an economy that expanded at its fastest rate in 18 months in the second quarter and a stable political environment since Datuk Seri Anwar Ibrahim became prime minister in 2022 after years of turbulence. The stock benchmark KLCI has risen more than 12 per cent this year on the back of an AI-driven data center boom, outperforming the 6 per cent rise in the MSCI Southeast Asia index.