Sunday, May 27, 2018
   
Text Size

Site Search powered by Ajax

Mohamad Mahathir sworn in as new leader of Malaysia

After a strong showing in the parliamentary election, veteran leader becomes the world's oldest statesman.

Mahathir sworn

Mahathir Mohamad was sworn in as Malaysia's next leader following his stunning election victory over the ruling coalition that had governed the Southeast Asian nation for six decades.

Dressed in traditional Malay dress, Mahathir took the oath of office at a ceremony in Kuala Lumpur on Thursday. Malaysia's constitutional monarch, King Sultan Muhammad V, administered the oath. 

At 92, Mahathir became the world's oldest head of state.

As he was sworn in, fireworks lit up in the night sky across Kuala Lumpur.

Hundreds of Malaysians lined the road leading to the palace, waving party flags and cheering the veteran politician who previously ruled for 22 years until his retirement in 2003.

Addressing a news conference after the ceremony, Mahathir thanked supporters and said "right away we will have to do a lot of work tomorrow". 

Mahathir's alliance of four parties, the Pakatan Harapan or Alliance of Hope, trounced the ruling Barisan Nasional (BN) coalition, which had ruled the country since its independence from the British. 

Voters appeared to punish defeated Prime Minister Najib Razak who has been embroiled in a massive corruption scandal for years and also implemented a highly unpopular sales tax.

Earlier in the day, Najib, who ruled Malaysia for nearly a decade, said he accepted the "verdict of the people". He did not attend the swearing in ceremony at the palace. 

The opposition won 121 seats - one more than required for a simple majority - and BN has 79 in the 222-member parliament, according to official results.

Mahathir said he had been assured of support from a raft of parties that would give his government 135 members of parliament.

"This upset ranks up there with Brexit and the Trump election," said Aninda Mitra, a senior sovereign analyst at BNY Mellon Investment Management.

Corruption downfall

Mahathir decided to take on Najib in the wake of the financial scandal and joined the opposition - with many old foes during his previous rule - to defeat him. 

The US Justice Department says $4.5bn was looted from the 1MBD investment fund by associates of the former prime minister between 2009 and 2014, including $700m that landed in Najib's bank account.

Najib denies any wrongdoing.

Mahathir told reporters he will try to make the ringgit currency as steady as possible, and return the billions lost in the 1MDB scandal. 

"We believe that we can get most of the 1MDB money back... We have to increase the confidence of investors in the administration," he said. 

The new government will also repeal a goods and services tax introduced by Najib, review foreign investments and abolish "oppressive and unfair" laws, he added.

What's next? 

Few had expected Mahathir to prevail against a coalition that has long relied on the support of the country's Malay ethnic majority.

Khoo Ying Hoi, a professor of international and strategic studies at the University of Malaya, said the election "has proved to us that we moved beyond racial politics". 

"It's really people power through the ballot," said Khoo.

Mahathir joined hands with jailed political leader Anwar Ibrahim, his one-time deputy with whom he fell out in 1998, and together their alliance exploited public disenchantment.

Mahathir said one of his first actions would be to seek a royal pardon for Anwar. He said he would step aside within the next two years so Anwar could become prime minister.

Anwar's wife, Wan Azizah Wan Ismail, is to be deputy prime minister.


blog comments powered by Disqus

Subscribe via RSS or Email:

Malaysia police seize $28m cash in ...

Read More

North Korea 'open to talks' despite...

Read More

Indonesia passes controversial anti...

Read More

Moon Jae-in 'perplexed' as Trump ca...

Read More

Trump pulls out of summit with Nort...

Read More

North Korea 'demolishes' nuclear te...

Read More

Global_News

House of Representatives votes to require defence secretary to determine whether US troops were involved in torture.

Read More

Donation

Thanks to all of our supporters for your generosity and your encouragement of an independent press!

Enter Amount:

Featured_Author

Login






Login reminder Forgot login?

Subscribe to MWC News Alert

Email Address

Subscribe in a reader Facebok page Twitter page

Week in Pictures

Ramadan begins

Palestinians in Gaza 'massacre'