ARTICLE · 13 JUNE 2018

Changing Of The Guard

Clyde & Co

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Malaysia saw a historic regime change on 9 May 2018, when the opposition coalition Pakatan Harapan, led by the former Prime Minister Dr. Mahathir Mohamad (aged 92), defeated the Barisan Nasional coalition...

MalaysiaGovernment, Public Sector

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Malaysia saw a historic regime change on 9 May 2018, when the opposition coalition Pakatan Harapan, led by the former Prime Minister Dr. Mahathir Mohamad (aged 92), defeated the Barisan Nasional coalition, which had formed the government in Malaysia for almost six decades.

Perhaps, the most significant commercial impact from this regime change has been Prime Minister Dr. Mahathir's announcement on 28 May 2018 that the Malaysian Government will be reviewing and possibly renegotiating Malaysia's multi-billion mega projects. The Prime Minister announced on the same day that the USD 17 billion High Speed Rail ("HSR") Project with Singapore will be cancelled. In an interview on 11 June 2018, the Prime Minister clarified that the HSR Project is delayed.

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