M'sian currency weakens offshore upon Harapan poll win claim


Modified 9 May 2018, 6:09 pm

GE14 | Malaysia's currency weakened in offshore trading after the opposition claimed victory in yesterday's general election.

The ringgit one-month non-deliverable forward fell 1.7 percent to 4.0461 against the dollar, after the Southeast Asia nation's long-serving former premier, Dr Mahathir Mohamad, 92, claimed that the opposition alliance he leads had won enough parliament seats to form the next government.

Official results showed that, so far, Mahathir's Pakatan Harapan had won 52 of Parliament's 222 seats and caretaker prime minister Najib Abdul Razak's ruling coalition, BN, had won 42.

A simple majority of 112 seats is required by a party or alliance to rule.

- Reuters

Share this story


By posting a comment, you agree to our Terms & Conditions as stipulated in full here


Foul language, profanity, vulgarity, slanderous, personal attack, threatening, sexually-orientated comments or the use of any method of communication that may violate any law or create needless unpleasantness will not be tolerated. Antisocial behaviour such as "spamming" and "trolling" will be suspended. Violators run the risk of also being blocked permanently.


Please use the report feature that is available below each comment to flag offending comments for our moderators to take action. Do not take matters in your own hands to avoid unpleasant and unnecessary exchanges that may result in your own suspension or ban.