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Malaysia's Anwar rejoins parliament

By Jalil Hamid
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Posted 28 August 2008 @ 08:20 am GMT

The programme gives ethnic Malays, who make up more than half the population, privileged access to education and civil service jobs as well as preferential loans and company ownership.

Its opponents say it has produced graduates who are unfit for work and engendered a system of cronyism that has stymied economic growth.

"They (the voters) want me to articulate an agenda for change," Anwar said.

The prospect of prolonged political upheaval has hit Malaysian assets hard, even though some economists have lauded Anwar's plans and he is viewed by many investors as a safe pair of hands after holding the post of finance minister in the 1990s.

The ringgit currency and the stock market have fallen sharply since the opposition deprived Barisan of its two-thirds parliamentary majority in March.

(Reporting by Jalil Hamid; Writing by David Chance; Editing by David Fogarty)

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