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Mahathir Set to Become Malaysia Prime Minister After Shock Win

  • 92-year-old Mahathir sets 5 p.m. deadline to be named PM
  • Najib’s ruling coalition loses for first time in 61 years
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Mahathir Ousts Najib in Malaysian Election

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Mahathir Mohamad appeared set to become Malaysia’s prime minister once again after dealing Najib Razak’s ruling coalition a stunning defeat, cementing the country’s first transfer of power in six decades.

Mahathir, Malaysia’s longest-serving premier, saw his four-party opposition bloc win a parliamentary majority in an election on Wednesday that rattled investors, many of whom bet on a Najib victory. The 92-year-old politician has pledged to step aside after opposition leader Anwar Ibrahim is released from prison in June.