Malaysia in 2016: Persistent Crises, Rapid Response, and Resilience

Abstract

Malaysia entered 2016 with the baggage of many unresolved political, economic, social, and foreign policy issues from 2015. Especially notable has been the 1Malaysia Development Berhad (1MDB) political saga that spilled over to economic, social, and foreign policy domains. In response, Malaysian civil society continues to build momentum and confidence, despite various crackdown efforts. All this amidst continued economic slowdown and a sustained currency slide, made worse by the post-U.S. General Election “Trump Tantrum”. Quite drastic foreign policy adjustments were employed, especially towards the end of the year, to attempt to counter these negative developments. Despite the sustained challenges, Malaysia has displayed surprising resilience through it all.