AIRLINK 191.54 Decreased By ▼ -21.28 (-10%)
BOP 10.23 Decreased By ▼ -0.02 (-0.2%)
CNERGY 6.69 Decreased By ▼ -0.31 (-4.43%)
FCCL 33.02 Decreased By ▼ -0.45 (-1.34%)
FFL 16.60 Decreased By ▼ -1.04 (-5.9%)
FLYNG 22.45 Increased By ▲ 0.63 (2.89%)
HUBC 126.60 Decreased By ▼ -2.51 (-1.94%)
HUMNL 13.83 Decreased By ▼ -0.03 (-0.22%)
KEL 4.79 Decreased By ▼ -0.07 (-1.44%)
KOSM 6.35 Decreased By ▼ -0.58 (-8.37%)
MLCF 42.10 Decreased By ▼ -1.53 (-3.51%)
OGDC 213.01 Increased By ▲ 0.06 (0.03%)
PACE 7.05 Decreased By ▼ -0.17 (-2.35%)
PAEL 40.30 Decreased By ▼ -0.87 (-2.11%)
PIAHCLA 16.85 Increased By ▲ 0.02 (0.12%)
PIBTL 8.25 Decreased By ▼ -0.38 (-4.4%)
POWER 8.85 Increased By ▲ 0.04 (0.45%)
PPL 182.89 Decreased By ▼ -0.14 (-0.08%)
PRL 38.10 Decreased By ▼ -1.53 (-3.86%)
PTC 23.90 Decreased By ▼ -0.83 (-3.36%)
SEARL 93.50 Decreased By ▼ -4.51 (-4.6%)
SILK 1.00 Decreased By ▼ -0.01 (-0.99%)
SSGC 39.85 Decreased By ▼ -1.88 (-4.51%)
SYM 18.44 Decreased By ▼ -0.42 (-2.23%)
TELE 8.66 Decreased By ▼ -0.34 (-3.78%)
TPLP 12.05 Decreased By ▼ -0.35 (-2.82%)
TRG 64.50 Decreased By ▼ -1.18 (-1.8%)
WAVESAPP 10.50 Decreased By ▼ -0.48 (-4.37%)
WTL 1.78 Decreased By ▼ -0.01 (-0.56%)
YOUW 3.96 Decreased By ▼ -0.07 (-1.74%)
BR100 11,697 Decreased By -168.8 (-1.42%)
BR30 35,252 Decreased By -445.3 (-1.25%)
KSE100 112,638 Decreased By -1510.2 (-1.32%)
KSE30 35,458 Decreased By -494 (-1.37%)

Malaysia's veteran ex-leader Mahathir Mohamad, 92, won a shock election victory Thursday, in a political earthquake that toppled the country's scandal-plagued premier and ousted a regime that has ruled for over six decades. It was a stunning triumph that almost no one had predicted and ended the long hold on power of the Barisan Nasional (BN) coalition, which has ruled Malaysia since its birth as an independent country.
The victory capped a dramatic political comeback for Mahathir, who previously ruled the country with an iron fist for 22 years, and came out of retirement to taken on Prime Minister Najib Razak after the leader became embroiled in a massive corruption scandal. When he takes power, Mahathir will be the oldest prime minister in the world.
His victory spells big trouble for Najib - Mahathir has vowed to bring him to justice over allegations that billions of dollars were looted from sovereign wealth fund 1MDB, which the scandal-plagued leader set up and oversaw.
But at a press conference, Mahathir vowed: "We are not seeking revenge. We want to restore the rule of law."
Mahathir's return to the political frontlines saw him throw in his lot with an opposition alliance filled with parties that he crushed while in power, and which includes jailed opposition icon Anwar Ibrahim - his former nemesis.
As well as seizing control of the national government, several state legislatures across the country fell into opposition hands for the first time, including the highly symbolic bastion of Johor, the birthplace of Najib's party that was the lynchpin of the ruling coalition.

Copyright Agence France-Presse, 2018

Comments

Comments are closed.