Andy Mukherjee, Columnist

Goodbye Malaysian Cronyism, Hello Anwarnomics

Prepare for an inclusive, rules-based and competition-oriented system.

May 10, 2018 at 4:49 AM UTC

Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services in Asia. Previously, he worked for Reuters, the Straits Times and Bloomberg News.

Former Deputy Prime Minister Anwar Ibrahim pictured on election day in 2013.
Photographer: Rahman Roslan/Getty Images

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Only 24 hours ago I was lamenting the Malaysian political system’s incapability to self-correct after a plunder as brazen as the alleged $4.5 billion looting of 1MDB, a state investment firm. The voters proved me wrong.

By unseating Prime Minister Najib Razak, and handing his Barisan Nasional coalition its first loss of power in six decades, Malaysians have sent a clear and optimistic message: Corruption matters.