Malaysian Prime Minister Mahathir Mohamad said the ringgit’s fair value now is the same as the peg his previous government established in 1998 during the Asian financial crisis.
On 18 June 2018, the founder of e-commerce conglomerate Alibaba, Jack Ma launched the company’s office in Kuala Lumpur. The office is Alibaba’s first in Southeast Asia and will be the first Electronic World Trade Platform (eWTP) hub outside of China.
At 92, Malaysian Prime Minister Mahathir Mohamad is now the world’s oldest elected leader. He’s also the first to return to power after a lapse of 15 years, at the helm of a different political party. His place in Asian history is assured.
The six-decade stranglehold of Malaysia’s ruling coalition is smashed. Dr Mahathir Mohamad, two months shy of 93, emerged from retirement to ignite citizens to overthrow a shamelessly kleptocratic regime.
Prime Minister Mahathir Mohamad said that Malaysia’s king has indicated he’s willing to immediately pardon jailed politician Anwar Ibrahim, his likely successor.
The surprise comeback of Malaysian leader Tun Dr Mahathir Mohamad, who once imposed capital controls, is likely to halt a rally in Asia’s best-performing currency amid concerns pro-growth reforms will give way to populist campaign promises.