Malaysia Election: Prime Minster Najib Razak’s Barisan Nasional Wins

By HY Markets Forex Blog

Malaysia’s Prime Minister wins election by 133 of the 222 parliament seats which is believed to have been the worst performance ever by Najib Razak while the opposition won 89 seats, up from 82, in Sunday’s election.

Million of Malaysians voted on Sunday and resulted to a record breaking 80 percent of over 10 million were registered voters.

As a result, shares in Energy Group Lynas surged 18% after the National Front coalition retained power in that country’s general election.

The Malaysian Prime Minister Najib Razak and his National Front have had a history of ruling the country since the 1950’s and with the results of this election, it doesn’t seem like they stopping anytime soon meanwhile the defeated opposition –  Anwar Ibrahim accused the ruling coalition of widespread fraud and says the authorities had distorted the results of the election .

The authorities have been accused of election fraud even before the elections took place on Sunday. The election committee tried to prevent these rumors of fraud happening by introducing the incredible ink for the first time.

“We see these irregularities have cost us many seats, particularly those with narrow margins,” he said.

As majority of the Malaysian ethic group are Chinese, the Ethnic Chinese have oppose by its pledge to tackle the end race-bend policies which will eventually favor the country as a whole in terms business , housing and education .

“We have tried our best but other factors have happened…We didn’t get much support from the Chinese for our development plans.” Najib told the reporters at the conference held after majority of the votes were announced.

Right after the election result was announced thousands of Malaysian supporters of the defeated opposition replaced their Facebook profile pictures with black boxes.

The post Malaysia Election: Prime Minster Najib Razak’s Barisan Nasional Wins appeared first on | HY Markets Official blog.

Article provided by HY Markets Forex Blog

CategoriesUncategorized