Malaysian Election News

Malaysian Election News

Malaysian Prime Minister Najib Razak and former Prime Minister Mahathir Mohamad found no time to rest on their final day of campaigning before the general election, both making live speeches on Tuesday night to appeal to Malaysian voters for support in a last-minute show-down.

Najib, who is leading the ruling coalition Barisan Nasional (BN) to seek a third term, was speaking from Pekan in the eastern Pahang state, where he has held the parliamentary seat since 1976, while Mahathir was making the speech in Langkawi, a constituency he helped transform from a backwater island to an international tourist spot.

Najib is betting on generous handouts and a “proven track record” to fend off the challenge of Mahathir. During his speech, Najib announced new incentive measures such as tax exemption for those aged 26 years old and under, two more public holidays and five toll-free days for the Muslim Hari Raya festival.

“If BN were given a new mandate, we will make Malaysia even greater,” said Najib, adding “BN is the party of the future, BN is the party for the future.”

In the meantime, 92-year-old Mahathir, said in his speech that Malaysia is faced with many problems that could only be solved with the change of government. He urged voters to vote for the opposition to save the country.

A final poll before the election, released by opinion research firm Merdeka Center, forecasts that Najib’s BN will prevail in the election, but with the popular vote collecting from Peninsular Malaysia dropping to 37.3 percent from last week’s 40.3 percent.

The survey shows that BN will win 100 out of the 222 parliament seats, while the opposition alliance Pakatan Harapan, or Alliance of Hope winning 83 seats. The rest of the seats are too close to call, according to the poll.

The 15 million eligible voters are expected to cast their votes between 8 a.m. and 5 p.m. on Wednesday. The election commission said the final results could be unveiled in late night. A simple majority of 112 parliament seats will produce a winner.

Malaysian voters Wednesday morning went to the polls for the country’s general election, with the ruling Barisan Nasional (BN) coalition meeting a fierce challenge brought by the opposition alliance – Pakatan Harapan, or the Alliance of Hope.

The BN led by incumbent Prime Minister Najib Razak is betting on generous handouts and the “proven track record” of the government to seek a third term. While former Prime Minister Mahathir Mohamad, leading the Pakatan Harapan, is calling for a change.

Though most political analysts have favored the BN to win, the opposition seemed to have managed to raise concerns among voters on certain issues such as increasing living costs, adding uncertainties to the election.

People swarmed to polling stations in the capital city of Kuala Lumpur and around the country, which have been decorated with campaign posters and flags bearing the symbols of various political parties.

The 15 million eligible voters are expected to cast their votes between 8 a.m. and 5 p.m. local time. The election commission said final results could be unveiled on Wednesday night. A simple majority of 112 parliament seats will produce a winner.

The 11-day campaign period culminated on Tuesday night, when both Najib and Mahathir made a live-broadcast speech on television or the Internet for their last appeals to the voters for support.

“If BN were given a new mandate, we will make Malaysia even greater,” said Najib, adding “BN is the party of the future, BN is the party for the future.”

The BN has won every election since the country’s independence in 1957.

Mahathir said in his speech that Malaysia is faced with many problems that only could be solved with the change of a government.

A final poll before the election, released by opinion research firm Merdeka Center, forecast that the BN will prevail in the election, but with the popular vote collecting from Peninsular Malaysia dropping to 37.3 percent from last week’s 40.3 percent.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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