Ethnic Chinese named Malaysia's new finance minister

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On May 10, Mahathir was sworn in as the seventh Prime Minister of Malaysia at the National Palace in Kuala Lumpur.

Analysts also pointed to the possibility of reshuffles at the top of government-linked corporations and, if sentiment sours at the bourse, ratings agency Moody's sees the banking sector hardest hit. Lim is the chief minister of Penang state, but is largely unknown in worldwide financial circles.

"I don't consider myself as a Chinese, I am a Malaysian". Mr. Anwar's wife, Wan Azizah Wan Ismail, is the deputy prime minister and has long said that her goal was to win his freedom.

Kuok is one of five people appointed by Mahathir to a "Council of Eminent Persons" that will advise the new government on economic matters.

Mahathir said there was sufficient evidence for an investigation into Najib, in reference to a massive corruption scandal involving the 1MDB state fund that Najib set up and is being investigated in the United States and other countries. "We highlighted the emerging consensus of independent commentators that sees this as a historic opportunity to reset the nation's economy", the statement said. There was no word on what was discussed in the first meeting between the two since their alliance won the election.

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All of Pakistan's requests, letters, and announcements regarding the Mumbai attacks have been recorded, which are safe with the FIA, he added.

After the ban on his travel was announced, Najib said in a Twitter message that he would respect the decision and would remain in the country. "But we made a decision to cordon off the area as the presence of people there is building up over time, especially post-election", deputy police chief, Superintendent Mohamed Rafiq Mohamed Mustafa, said. There was no sign that Najib or Rosmah had come to the airport. The Associated Press reports that a leaked flight manifesto showed Najib and his wife were scheduled to leave on a private jet Saturday for Jakarta.

Aside from highlighting news concerning the Pakatan Harapan-led government's initiative in cleaning up the government, the Malay dailies also reported about speculation over the former Inspector-General of Police and the former Attorney General to be investigated. At the previous election in 2013, Mr Najib lost the popular vote to the ascendant opposition, but clung to a simple majority in parliament.

Najib has denied any wrongdoing and said the money was a donation from the Saudi royal family, which he had since returned.

Dr Mahathir also hinted on Monday that his government is aware of the whereabouts of Mr Jho Low, a former consultant to 1MDB and alleged mastermind behind its missing funds.

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