Hopes of increased foreign investment in Malaysia have been raised by the solid election victory of the National Front Government led by Prime Minister Datuk Hussein Onn on Saturday (8 July).
Hopes of increased foreign investment in Malaysia have been raised by the solid election victory of the National Front Government led by Prime Minister Datuk Hussein Onn on Saturday (8 July). The foreign and Chinese business communities both welcomed the Front's victory. They said it was expected to lead to a greater flow of foreign investment through a more flexible application of rules governing investment.
SYNOPSIS: The National Front swept back into power in the general election, but conceded several seats to the opposition Democratic Action Party. The Front, comprising the dominant Malay Party and the minority Chinese and Indian parties, took 91 of the 114 seats declared in the 154 seat parliament. The opposition parties, either primarily Malay or Chinese had been weakened by Internal dissensions and a number of defections to the Front. The daily press generally supported the National Front and the Opposition were given less air time on radio to campaign because of fewer candidates. There was little doubt from the beginning of the balloting that Mr. Hussein would win.
Mr. Hussein took office as Prime Minister and United Malay's National Organisation Party leader when Tun Abdul Razak died suddenly in office in 1976. With a 75 per cent turn out of voters, the results give him a clear-cut mandate to implement his pledge to consolidate his government on a multi-racial basis and to carry out his economic policies. He also pledged to suppress the threat posed by Communist guerrillas along the country's border with Thailand. Restrictions on political rallies were issued to stop the out-law Communists from disrupting the election.
Democratic Action Party candidate Mr. Lee Lam Thye won a previously held government seat. The DAP party increased their representation by 60 per cent. They went to the polls with the stand that they must be given enough support to be an effective opposition - able to draw the government's attention to neglected human rights and racial issues. The Prime Minister declared during the campaign that his government was determined to win the full trust of all Malaysians, regardless of their ethnic origin.