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Malaysia PM Anwar to helm finance ministry

Malaysia PM Anwar to helm finance ministry

2 Oct 19:37 Key points summarised by AI
  • Prime Minister Anwar Ibrahim will also serve as finance minister, a role he previously held 30 years ago, aiming to address Malaysia's slowing economy.
  • He appointed Ahmad Zahid Hamidi (who faces graft charges) and Fadillah Yusof as co-deputy prime ministers, reflecting the need to secure coalition stability for his administration.
  • The new unity government cabinet prioritizes good governance, stimulating economic growth, and alleviating the burden of living costs for the populace.
  • Critics have cautioned against the premier holding the finance portfolio to ensure proper checks and balances, referencing past multi-billion dollar graft scandals like 1MDB.
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