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Malaysia PM faces limited future after worst electoral showing

Malaysian Prime Minister Najib Razak may step down at the end of this year, the ruling party sources said on Monday that his alliance has expanded its 56-year rule, but recorded the worst ever electoral performance.
59-year-old Najib has bet his political future to strengthen the ruling coalition's parliamentary majority in Sunday's general election in the social economic boom on the back reforms to roll back race-based policies and a $ 2.6 billion flood of poor families relief.
But after he left, his National Front won only 133 seats in the 222-member parliament, seven short it meets in 2008 and far below the two-thirds majority of the target by the party dissidents.
It also lost the popular vote for the first time in 44 years, local media reported, emphasizing the adverse electoral system against complaints. Anwar (Anwar Ibrahim), the leader of the opposition Awami League won 89 seats, from July 2008 but well below the valve seat is one of the world's longest-serving government.
Najib destroyed, are now faced with a difficult task to convince his dominant United Malays National Organization (UMNO) continue to push forward economic reforms and elimination policy is conducive to the majority Malays than other races.
"We can see Najib to step down by the end of this year, said:" UMNO, leading to the senior officials of the Union.
Officials, who asked not to be named, speak, saying: "He can be a fight, we do not know, but he certainly has poor performance, he would not have so much bargaining power.
Former Prime Minister Mahathir Mohamad, UMNO is still a powerful figure, said Reuters reporter last year, Najib must improve to win 140 seats in 2008, his position will be unstable.
Kuala Lumpur stock market rose nearly 8 percent in early trading, hitting a record high investor relief the untested opposition failed to take power, but later gave up some gains from trade 3.1% higher. Malaysian Ringgit jumped to a new high in 20 months.
Ethnic Chinese, who make up a quarter of the Malaysian Desert National Front, continue to accelerate the trend seen in 2008. They have turned to the opposition, to attract a commitment to address corruption and the end of the race-based policies to undermine the National Front's traditional claim to represent all races in the country's 28 million people.
China's main ethnic party within the ruling coalition, MCA, won only seven seats, less than half the 2008 total.
Najib, the son of the former prime minister, said he has been caught off guard what he called "the extent of the tsunami." Worrying, Nagy, Malay support has weakened, particularly in urban areas, the Malay middle class stirred for changing a flag.
Najib polls show who is more popular than his party, may face a leadership challenge, as early as October or November, when the UMNO members held a meeting to elect the party's leadership.
"In the next round of elections in UMNO, you will see some of the emerging dissident and asked Najib to resign," said the official, who served as the government cabinet posts. He said that Mahathir will be one of those backup dissidents.
Anwar cry foul
Barisan Nasional did not win back the critical industrial Najib had vowed to achieve the capital city of Kuala Lumpur, Selangor, close.
Najib led coalition lost the popular vote, the Union will be a genuine effort to prove its legitimacy, "Wan Saiful Wan Jan, held in Kuala Lumpur Institute of Democracy and Economic Affairs, said the person in charge. "
"My feeling is that it did not intend for him is very easy."
Investors had hoped Najib clear mandate to enable him to push forward reform programs, such as subsidy cuts and new consumption tax to reduce Malaysia's budget deficit to about 4.5% of GDP, which is relatively high.
Now, these reforms seem to have questions, Credit Suisse (Credit Suisse) in a report on Monday said Najib $ 444 billion economic transformation program designed to stimulate private investment and to double per capita income by 2020 expected forward.
"A tight election means that the government is unlikely to achieve budget reform," it said, the racial divide will be a "huge challenge" Najib.
Najib told Reuters in an interview in March, told reporters: "a strong government is necessary" to accelerate reform.
For Anwar, the election may mark a turbulent political career, he was sacked Deputy Prime Minister in the 1990s, and was sentenced to six years' imprisonment after falling out with his former boss, Mahathir The final scene.
His three-party opposition alliance has been promising a historic victory, the recent rally boosted the sea of ??people, but faces enormous obstacles, including the government-controlled mainstream media and skewed electoral system.
Who vowed to step down if he loses from national politics, Anwar said, damage the election of a wide range of electoral fraud. He has accused the coalition forces to fly up to 40,000 "dubious" voters, the close race vote across the country, including foreigners. The Government said that just to help voters back home.
 
 



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