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Malaysia 1MDB scandal
This Week in AsiaSociety

The optimism deficit: what’s making Malaysians so unhappy?

A general malaise has descended on Malaysia, fuelled by a mix of political scandal and economic lethargy

Reading Time:3 minutes
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A boy practises yoga at the Independent Square in Kuala Lumpur, Malaysia. Photo: AP
Karim Raslan

It’s December 2016 in Manila’s tech-hub, Bonifacio Global City.

People are having brunch at Wildflour – a hip cafe-cum-breakfast joint – before facing the daily grind. Someone in the crowd returns ashen-faced from the money changers: “The ringgit has fallen 10 per cent against the Philippine peso.”

The others chip in:

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“Yeah it’s really dropped against the rupiah.”

“... and the dong!”

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There’s a moment of silence as the information seeps in.

“Times are bad. Everyone’s complaining in Kuala Lumpur.”

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