Malaysia Wants to Break Up Big Firms Without Hurting Stocks

  • Mahathir seeks to lower living cost, break up sector dominance
  • Reforms push Telekom to be leaner, open Tenaga to competition

Malaysia Prime Minister Mahathir Mohamad 

Photographer: Brent Lewin/Bloomberg
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Malaysia is considering the merits of having the state control its biggest companies, after moves to break up their dominance in sectors from the Internet to electricity led to declines in Asia’s worst major stock market.