Mahathir aims to boost Malaysia stock market, get most of 1MDB money back

(May 11): Mahathir Mohamad said he’d lead a business-friendly administration and seek ways to boost Malaysia’s stock market in his first remarks after being sworn in as prime minister.

In a late-night briefing on Thursday, the 92-year-old politician said he’d focus on growing the economy and reducing debt, adding that some terms may need to be renegotiated. He said Malaysia would seek friendly ties with other countries as a trading nation.

“Our concern over the economy is the main thing,” Mahathir told reporters. “We would like to tell the business people to push up the value of the stock market. And on the currency, there is no cause to devalue the ringgit. We should ensure this.”

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