Mahathir, 92, was sworn into office by Malaysia's constitutional monarch late on Thursday, becoming the world's oldest elected leader. He called a meeting of senior members from all four parties in his Pakatan Harapan (Alliance of Hope) to gather views on formation of the Cabinet and will later address a news conference, alliance sources said. Mahathir's alliance defeated Barisan in a stunning election upset on Wednesday, ousting the coalition that has ruled the nation for six decades since independence from Britain. The scandal became a major factor in the election and in the ouster of Najib Razak, Mahathir's predecessor and former protege. But calm returned to offshore trading of the ringgit currency, which lost four percent on Thursday.

Source: bd News24 May 11, 2018 03:33 UTC