Malaysia No. 2 on The Economist’s crony capitalism index

Source: The Malay Mail Online

The Economist magazine has ranked Malaysia second in its global index of cronyism capitalism. — File pic

The Economist magazine has ranked Malaysia second in its global index of cronyism capitalism. — File pic

KUALA LUMPUR, May 6 — Malaysia was ranked as having the second-highest percentage of billionaires’ wealth coming from cronyism in a global survey by The Economist.

According to the 2016 index by the London-based weekly publication measuring 22 economies, Russia topped the list, while Malaysia’s neighbours the Philippines, Singapore, Indonesia and Thailand were third, fourth, seventh and 12th respectively. Read more