On May 9, Malaysian voters handed the United Malays National Organisation UMNO and the ruling Barisan Nasional BN coalition its first electoral defeat since Malaysia’s independence in 1957.
Led by 92-year old Mahathir Mohamad, the opposition Pakatan Harapan coalition PH and its allies took 121 seats of the 222 seats in the Malaysian parliament, ousting embattled prime minister and UMNO president Najib Razak.
In the aftermath of the historic election result, market observers are looking to PH’s campaign platform to gauge the expected impact of the change in government. The ruling coalition’s promises include reviewing all big projects awarded to foreign firms, abolishing the country's...
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