Analysts sceptical about M'sia economic task force

Kuala Lumpur

MALAYSIA'S bid to restore investor confidence with an economic task force including top bankers is insufficient given questions about a troubled state fund and the absence of the central bank chief from the team, analysts said.

The special economic committee, announced on Wednesday by Prime Minister Najib Razak, will propose immediate and medium-term measures to strengthen the economy, after reviewing concerns about the ringgit and the stock market.

Mr Najib has been embroiled in a political storm amid graft and financial mismanagement allegations at debt-laden state fund 1Malaysia Development Bhd (1M…