Foreign investors are cashing in on Malaysia’s improving economic prospects

Things are looking up for Malaysia, with more foreign investors cashing in on the country’s improving economy and strengthening currency, market participants told CNBC on Tuesday.

The Malaysian ringgit has been one of the best-performing currencies in the region this year, while domestic stocks have gained around 8 percent. In fact, the country’s brightening prospects received a nod from the International Monetary Fund, which on Monday upgraded its growth forecast to 4.8 percent from 4.5 percent.

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