What polls result means for economy and markets

Fuel subsidies: The coalition promised to reintroduce petroleum subsidies, which could be a boon for consumption as the new government eyes a 6 growth goal.

INVESTORS are grappling with Tun Dr Mahathir Mohamad’s surprise election victory in Malaysia’s election. Here’s a look at what it means for the outlook for economic policy and markets.

At 92 years old, Mahathir led a four-party coalition to end the six-decade rule of Datuk Seri Najib Tun Razak’s party. Returning to power 15 years after he stepped down as prime minister, 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.