Malaysia's economy grew at its fastest pace in two years during the first quarter, the central bank said Friday, boosted by stronger domestic demand and a pick-up in exports.
China's growing involvement in Malaysia has been praised and panned in recent years.
Malaysia has emerged as the winner in the 2017 ranking for best countries to invest in, scoring at least 30 points more than any other country on a 100-point scale.
Malaysia's ringgit hit its lowest level against the U.S. dollar since the Asian financial crisis as emerging-market currencies are hammered by a flight of capital fueled by an expected rise in U.S. interest rates next year.
Anti-corruption protests sweep Asia
Malaysia's central bank is intervening in markets to support the beleaguered ringgit, an official said on Friday, as regional authorities grapple with a surging dollar.
Malaysia's economy expanded at a better-than-forecast pace in the third quarter, snapping five straight quarters of slowing, the central bank said on Friday.
An employee waits for customers at a hijab shop in Kuala Lumpur on Monday, Nov. 8.
Switzerland said Wednesday it had widened its probe into Malaysia's scandal-tainted state investment fund, 1MDB, with transactions worth US$800 million under scrutiny and evidence pointing to fraud through "a Ponzi scheme."
Malaysia's state energy firm Petronas said Monday profits plunged 85 percent in the second quarter due to low oil prices, adding to concerns about the country's slowing economy.