Here’s a look at what it means for the outlook for economic policy and markets. Returning to power 15 years after he stepped down as prime minister, Mr Mahathir inherits an economy that’s growing more than 5%, inflation that’s subdued and a currency that’s been one of Asia’s best performers this year. Abolishing a 6% goods and services tax was a key campaign promise, which Mr Mahathir promised to do within 100 days of taking office. Mr Mahathir’s coalition campaigned on free tertiary education at public universities and a bigger boost to technical and vocational training. What does the upset win mean for currency policy?

Source: Bangkok Post May 10, 2018 07:18 UTC