Malaysia to Relax Foreign Bank Ownership

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Dec. 22 (Bloomberg) -- Abdul Jalil Abdul Rasheed, who helps manage $3 billion as chief executive officer at Kuala Lumpur-based Aberdeen Islamic Asset Management Sdn., talks about Malaysia's decision to allow foreign banks to own bigger stakes in local lenders, grant more licenses and ease short-selling rules. Jalil speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)

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