Malaysia's leader on Tuesday unveiled measures to liberalize the capital markets and pledged to step up economic reforms to restore confidence in his government after recent electoral losses.
Prime Minister Abdullah Ahmad Badawi also said fuel prices would not be raised, an apparent attempt to ensure he doesn't antagonize Malaysians further.
The government had earlier warned it may cut fuel subsidies after global oil prices shot past US$100 a barrel earlier this year. Retail prices have been unchanged since February 2006.
"The result of the elections was a strong message that I have not moved fast enough in pushing through with the reforms …
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