KUALA LUMPUR (Feb 24): 1Malaysia Development Bhd (1MDB) sentiment has dented foreign investors' confidence in Malaysia, as they doubted the country's transparency in its 1MDB investigations, according to global law firm Hogan Lovells. Hogan Lovells said in its 2016 Global bribery and corruption review report that key performance indicators showed the country's economy has been affected by corruption allegations surrounding 1MDB. “This (doubt on transparency) makes it hard to confidently do business there (Malaysia)," Hogan Lovells said. Malaysia has indicated its commitment to cooperate with international regulators in their 1MDB probe. In September last year, Reuters quoted Prime Minister Datuk Seri Najib Tun Razak as saying Malaysia would cooperate with global authorities investigating 1MDB.

Source: The Edge Markets February 24, 2017 07:41 UTC