Economics
Malaysia's Finance Minister Takes Office as Budget Doubts Linger
- Lim is former chief minister of northern Penang state
- He will oversee plans to find new sources of revenue
Lim Guan Eng
Photographer: Sanjit Das/BloombergThis article is for subscribers only.
Lim Guan Eng, former chief minister of Malaysia’s northern Penang state, took his oath of office as finance minister on Monday as Prime Minister Mahathir Mohamad moves swiftly to implement his economic agenda.
Lim, 57, is the first ethnic Chinese to hold the post in the majority Malay country in more than four decades. He was sworn in with 13 other cabinet ministers, including Azmin Ali, who will run a newly created economic affairs portfolio.