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Opinion

How Mahathir can take advantage of the 1MDB scandal

Malaysian leader should use affair to launch wider reforms and boost investor interest

| Malaysia
Malaysian Prime Minister Mahathir Mohamad needs to press ahead with reforms while he has the initiative.   © Reuters

It took two decades, but Malaysia's Mahathir Mohamad is finally a Wall Street sensation.

In the late 1990s, during his first stint as prime minister, Mahathir became a pariah of the New York trading pits. His battle with speculators, and Western-style capitalism in general, sent the ringgit cratering and erased his economy from global markets.

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