Mahathir sworn in as Prime Minister of Malaysia

11 May 2018

Mahathir sworn in as Prime Minister of Malaysia

Dr Mahathir Mohamad was sworn in as Prime Minister of Malaysia on Thursday night, after leading opposition parties to a surprise election victory.

For more than 60 years the National Front was Malaysia’s ruling party, but Dr Mahathir’s coalition won 113 seats — one seat more than the majority required.

Dr Mahathir, 92, was sworn in by the Yang di-Pertuan Agong (the elected monarch and head of state of Malaysia), Muhammad V of Kelantan, at 9:30 pm on Thursday.

Following the swearing-in ceremony, Dr Mahathir announced in a press conference that stabilising the economy and remedying the effects of corruption are his priorities.

Speaking about the billions of dollars lost in a corruption scandal centred on state fund 1Malaysia Development Berhard (1MDB), the new Prime Minister was confident that “we can get most of 1MDB money back … we have to increase the confidence of investors in the administration.”

However, according to analyst Aninda Mitra, the economic impacts of the change of government have already begun to be felt: “This upset ranks up there with Brexit and the Trump election. I believe the ringgit will come under pressure as policy continuity will come under a cloud.”