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Malaysia eases currency protections as ASEAN vies for investment

Region's economies embrace deregulation to capitalize on US-China tensions

Malaysia's central bank hopes the move will improve the country's position in global supply chains and attract foreign direct investment. (Source photos by AP and Reuters) 

SINGAPORE -- Malaysia is easing rules around its currency as peers in the Association of Southeast Asian Nations compete for job-creating investments from multinationals diversifying away from China.

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