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☆ Malaysia PM vows to recover Goldman Sachs 1MDB settlement, warns of possible lawsuits
▼ + stars: | 2023-08-21 | by ( Clement Tan | ) www.cnbc.com time to read: +8 min

Nurphoto | Nurphoto | Getty ImagesMalaysia's Prime Minister Anwar Ibrahim has vowed to recover the money Malaysians are owed from the 1MDB money laundering scandal, and says he hasn't ruled out the possibility of a lawsuit against Goldman Sachs. Anwar said Malaysian agencies were still in talks with Goldman Sachs, though ongoing discussions are "a bit complex." Asked to comment on Anwar's interview, Goldman Sachs referred CNBC to its second quarter earnings statement. It remains to be seen what would come out of the standoff between Malaysia and Goldman Sachs. "No one can deny the fact that Goldman Sachs was used, and partly used the authorities," Anwar said in his interview.

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☆ Malaysia PM signs cooperation pact with smaller parties ahead of confidence vote
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +2 min

KUALA LUMPUR, Dec 16 (Reuters) - Malaysian political parties supporting Prime Minister Anwar Ibrahim on Friday signed a cooperation pact promising to ensure stability, ahead of a confidence vote on the premier next week. Anwar - who has spent more than two decades as an opposition figure - became prime minister last month, forming a government with rival political blocs after an election that produced a hung parliament. Anwar is Malaysia's fourth prime minister since 2020, after two previous administrations collapsed due to political turmoil. "We agreed on the broad parameters and broad policies including to ensure the government is stable," he said after a ceremony where political party chiefs signed the pact. Barisan had ruled Malaysia for more than six decades before being voted out in a 2018 election amid widespread corruption allegations.

☆ Malaysia PM Anwar says cabinet line-up to be announced on Friday -report
▼ + stars: | 2022-12-02 | by ( ) www.reuters.com time to read: +1 min

[1/2] Malaysian new Prime Minister Anwar Ibrahim waves at the photographer as he arrives at the National Palace in Kuala Lumpur, Malaysia November 24, 2022. Fazry Ismail/Pool via REUTERSKUALA LUMPUR, Dec 2 (Reuters) - Malaysia's newly-appointed Prime Minister Anwar Ibrahim will announce his cabinet line-up on Friday, state news agency Bernama reported. Anwar was sworn in as premier by Malaysia's king last week, after an election that saw no coalition winning a simple majority. He had earlier indicated he would appoint two deputy prime ministers from those key blocs, and that he would have a smaller cabinet than previous administrations. Investors have cheered his appointment, hoping Anwar would bring stability after political uncertainty that saw three prime ministers in as many years.

☆ Malaysia's new prime minister Anwar Ibrahim vows to unify the country and fight corruption
▼ + stars: | 2022-11-25 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +4 min

watch nowNew prime minister Anwar Ibrahim has pledged to make "Malaysia for all Malaysians," fight corruption and reiterated that he won't be taking a salary as Malaysians battle rising costs of living. International relationsCongratulations poured in from leaders from all over the world including Indonesian President Joko Widodo and Singapore Prime Minister Lee Hsien Loong. Malaysia's Anwar Ibrahim takes his first press conference after being appointed prime minister. Perikatan Nasional won 73 seats and was runner-up to Anwar's Pakatan Harapan which won 82 seats. Prime Minister Anwar Ibrahim swron in by Malaysia's King Sultan Abdullah Sultan Ahmad Shah on Thursday Mohd Rasfan | Afp | Getty Images

☆ Malaysia's Anwar begins work as PM after polarising election
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: +4 min

[1/3] Malaysia's newly appointed Prime Minister Anwar Ibrahim greets his supporters as he leaves his news conference in Sungai Long, Selangor, Malaysia November 24, 2022. Office of Anwar Ibrahim/Afiq Hambali/Handout via REUTERSKUALA LUMPUR, Nov 25 (Reuters) - Malaysia's Anwar Ibrahim is expected to start discussions on forming his cabinet on Friday as he begins work as prime minister at a challenging time, with the economy slowing and the country deeply split after a close election. Anwar, who was appointed by Malaysia's king following an inconclusive election, said that the people of Malaysia had long been awaiting change. Both men's coalitions failed to win a majority in Saturday's election, but Malaysia's constitutional monarch, King Al-Sultan Abdullah, appointed Anwar after speaking to several lawmakers. Markets surged on Thursday on the end of political deadlock, but investors will be monitoring how Anwar manages the aftermath of the election.

☆ Malaysia’s king names Anwar Ibrahim prime minister after inconclusive election
▼ + stars: | 2022-11-24 | by ( ) www.nbcnews.com time to read: +3 min

KUALA LUMPUR, Malaysia — Malaysia’s Anwar Ibrahim was sworn in as prime minister on Thursday, capping a three-decade political journey from a protégé of veteran leader Mahathir Mohamad to protest leader, a prisoner convicted of sodomy and opposition leader. His appointment ends five days of unprecedented post-election crisis, but could usher in a new instability with his rival, former Prime Minister Muhyiddin Yassin, challenging him to prove his majority in Parliament. Both men failed to win a majority in a Saturday election, but the constitutional monarch, King Al-Sultan Abdullah, appointed Anwar after speaking to several lawmakers. Anwar, 75, has time and again been denied the premiership despite getting within striking distance over the years: He was deputy prime minister in the 1990s and the official prime minister-in-waiting in 2018. Anwar’s coalition, known as Pakatan Harapan, won the most seats in Saturday’s vote with 82, while Muhyiddin’s Perikatan Nasional bloc won 73.

☆ Malaysia's former ruling bloc may back Anwar in PM race
▼ + stars: | 2022-11-24 | by ( ) www.reuters.com time to read: +3 min

KUALA LUMPUR, Nov 24 (Reuters) - Malaysia's former ruling coalition indicated that it may support opposition leader Anwar Ibrahim as prime minister, reversing a decision to stay neutral and potentially helping resolve a political stalemate. The Barisan coalition will not support a government that is led by ex-premier Muhyddin Yassin's alliance, its biggest component party said, though it did not make any reference to Anwar. King Al-Sultan Abdullah Sultan will meet with other senior royals on Thursday to help decide who will become prime minister. The constitutional monarch plays a largely ceremonial role but can appoint a premier he believes will command a majority in parliament. The king had suggested that both the leaders work together to form a "unity government", but Muhyiddin declined the proposal.

☆ Malaysia’s Anwar becomes prime minister, ending decades-long wait
▼ + stars: | 2022-11-24 | by ( Story Reuters | ) edition.cnn.com time to read: +6 min

Malaysia’s Anwar Ibrahim was sworn in as prime minister on Thursday, capping a three-decade political journey from a protege of veteran leader Mahathir Mohamad to protest leader, a prisoner convicted of sodomy, and opposition leader. Both men failed to win a majority in a Saturday election, but the constitutional monarch, King Al-Sultan Abdullah, appointed Anwar after speaking to several lawmakers. Anwar was sworn in as Malaysia's prime minister on Thursday, ending a political impasse. Mohd Rasfan/AFP/Getty ImagesMalaysia's King Sultan Abdullah Sultan Ahmad Shah (right) appointed Anwar (left) after consulting with lawmakers. The decision on the prime minister came down to King Al-Sultan Abdullah Sultan Ahmad Shah, after both Anwar and Muhyiddin missed his Tuesday afternoon deadline to put together a ruling alliance.

☆ Reformist Anwar finally becomes Malaysia's prime minister
▼ + stars: | 2022-11-24 | by ( A. Ananthalakshmi | ) www.reuters.com time to read: +5 min

[1/2] Malaysian opposition leader Anwar Ibrahim speaks during an interview with Reuters in Tambun, Perak, Malaysia November 4, 2022. The political uncertainty came to an end on Thursday, as Malaysia's king appointed Anwar, 75, to be prime minister. His strained relationship with the veteran leader shaped Anwar's own career, as well as Malaysia's political landscape, for nearly three decades. FRIEND & FOEAnwar started off as a firebrand Islamic youth leader before joining the prime minister Mahathir's United Malays National Organisation (UMNO), which leads the Barisan Nasional alliance. With the people's vote and the king's choice, he finally became prime minister.

☆ Anwar Ibrahim's long road to prime minister of Malaysia
▼ + stars: | 2022-11-24 | by ( Harish Sridharan | ) www.reuters.com time to read: +3 min

** He had a meteoric political rise under Prime Minister Mahathir Mohamad, who invited him to join the ruling coalition, the United Malays National Organisation (UMNO), in 1982. ** Finance minister from 1991 and deputy prime minister from 1993, the long-celebrated heir apparent to Mahathir fell out with his mentor in 1998. ** During the term of Prime Minister Najib Razak in 2015, Anwar was jailed for sodomy for the second time. ** Anwar and former Prime Minister Muhyiddin Yassin each said they could form a government with support from other parties. ** Malaysia's king appointed Anwar as prime minister after a special meeting of his fellow hereditary sultans.

☆ Reaction to Anwar Ibrahim's appointment as Malaysian prime minister
▼ + stars: | 2022-11-24 | by ( ) www.reuters.com time to read: +4 min

KUALA LUMPUR, Nov 24 (Reuters) - Malaysia's king appointed long-time opposition leader Anwar Ibrahim as prime minister on Thursday, ending five days of unprecedented post-election crisis after inconclusive polls. Anwar's appointment caps a three-decade long political journey from a protege of veteran leader Mahathir Mohamad to protest leader, to a prisoner convicted of sodomy, to opposition leader and, finally, prime minister. The former finance minister and deputy prime minister will have to address soaring inflation and slowing growth, while calming ethnic tension that has flared since a Saturday election. ADIB ZALKAPLI, DIRECTOR AT POLITICAL RISK CONSULTANCY BOWERGROUPASIA:"With the appointment of Anwar as the 10th prime minister, this is a closure to the longest-running political crisis in Malaysia that began 24 years ago when he was sacked by the prime minister Mahathir Mohamad .... So it's an important closure, Anwar has been the longest-serving potential prime minister candidate.

☆ Anwar Ibrahim: Who is Malaysia's new prime minister?
▼ + stars: | 2022-11-24 | by ( ) www.reuters.com time to read: +4 min

Nov 24 (Reuters) - Malaysia's new prime minister, 75-year-old Anwar Ibrahim, was sworn in on Thursday, bringing to a close his three-decade quest for the job that had eluded him time and again and led to him spending nearly a decade in jail. As opposition leader, Anwar led tens of thousands of Malaysians in street protests in the 1990s against his mentor-turned-foe Mahathir Mohamad. Anwar started off as a firebrand Islamic youth leader before joining then prime minister Mahathir's United Malays National Organisation (UMNO), which leads the Barisan Nasional alliance. Anwar's appointment as prime minister brings an end to a political crisis after an election on Saturday ushered in an unprecedented hung parliament. Between stints as deputy prime minister in the 1990s and as official prime minister-in-waiting in 2018, Anwar spent nearly a decade in jail for sodomy and corruption on charges he says were politically motivated.

☆ Malaysia's wait for PM continues for fourth day as post-election crisis drags on
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +2 min

[1/5] Election workers prepare a polling station ahead of the polling day of Malaysia's general election at Permatang Pauh, Penang, Malaysia November 18, 2022. Malaysia's king will pick the new premier, after opposition leader Anwar Ibrahim and former premier Muhyiddin Yassin missed his Tuesday afternoon deadline to put together an alliance with other parties to form a government. The constitutional monarch plays a largely ceremonial role but can appoint a premier he believes will command a majority in parliament. Anwar's coalition won the most seats in the Saturday election with 82, while Muhyiddin's bloc won 73. Muhyiddin said he had declined the King's suggestion for the two rivals to work together to form a "unity government".

☆ Malaysian king calls council of sultans to resolve election crisis
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +3 min

[1/6] Malaysian King Sultan Abdullah Sultan Ahmad Shah waves to media members waiting outside the National Palace in Kuala Lumpur, Malaysia November 21, 2022. REUTERS/Hasnoor HussainKUALA LUMPUR, Nov 23 (Reuters) - Malaysia's king on Wednesday called a special meeting of his fellow hereditary sultans to discuss who should be prime minister as an unprecedented post-election crisis entered its fourth day. King Al-Sultan Abdullah made his announcement of a special council after meeting lawmakers from the incumbent Barisan Nasional coalition. Anwar's coalition, known as Pakatan Harapan, won the most seats in the Saturday election with 82, while Muhyiddin's Perikatan Nasional bloc won 73. Police this week cautioned social media users to refrain from posting "provocative" content on race and religion after the divisive election.

☆ Malaysia's incumbent ruling coalition agrees to be opposition
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: 1 min

KUALA LUMPUR, Nov 22 (Reuters) - Malaysia's incumbent ruling coalition said on Tuesday it agreed to be in opposition after deciding not to support any coalition to form a government. Barisan Nasional and incumbent PM Ismail Sabri Yaakob made the announcement on Twitter. It was unclear who would form the next government as Saturday's general election resulted in a hung parliament. Reporting by A. Ananthalakshmit; Editing by Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.

☆ Explainer: Who is Malaysia's king and why is he picking the prime minister?
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +4 min

King Al-Sultan Abdullah Sultan Ahmad Shah ascended the throne in 2019 at the age of 59, becoming Malaysia's 16th monarch since it gained independence from Britain in 1957. The silver-haired, bespectacled Al-Sultan Abdullah became king after the surprise abdication of the previous king. The king appointed Muhyiddin prime minister in February 2020 when then-premier Mahathir Mohamad resigned due to coalition infighting. The king has summoned 30 lawmakers from the Barisan Nasional alliance for a meeting on Wednesday to determine who becomes prime minister. Whoever is eventually named prime minister is likely to face more political turbulence of the kind that has plagued the country in recent years.

☆ Malaysia's Barisan Nasional will not support leading coalitions in forming government
▼ + stars: | 2022-11-22 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +1 min

Malaysia's longest ruling political coalition Barisan Nasional has decided it will not back either of the two leading coalitions Pakatan Harapan or Perikatan Nasional as the nation's king decides who will form government. The coalition, which garnered a dismal 30 seats at Saturday's general election, has also decided to remain in opposition. Incumbent Malaysian Prime Minister Ismail Sabri Yaakob announced the coalition's decision at 2 p.m. Malaysia time as both Pakatan and Perikatan were on their way to meet the king. Separately, local media reported the Warisan Party declared it would support Pakatan and Barisan as the bloc with the most wins. Malaysia is facing a hung parliament as Pakatan, led by former Deputy Prime Minister Anwar Ibrahim, with the most parliamentary seats at 82.

"Let me make a decision soon," the king told reporters outside the national palace. The king had given political parties until 2 p.m. (0600 GMT) on Tuesday to put together alliances needed for a majority. Significant election gains by an Islamist party added to investors' fears, notably over policies on gambling and alcohol consumption. Its electoral gains have also raised fears in multicultural Malaysia, which has significant ethnic Chinese and ethnic Indian minorities following other faiths. Anwar's coalition won the most seats in the Saturday election with 82, while Muhyiddin's bloc won 73.

☆ Malaysia's Anwar, Muhyiddin rush to meet deadline to form government
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +2 min

Significant election gains by an Islamist party also added to investors' fears, notably over policies on gambling and alcohol consumption. Anwar's coalition entered negotiations with Barisan Nasional, the incumbent coalition and Anwar's longtime rival, on Monday to discuss a potential alliance. Anwar's multiethnic coalition won the most seats in the Saturday election with 82, while Muhyiddin's bloc won 73. It would be another astonishing turnaround in Malaysian politics if Anwar and Barisan forged an alliance: as opposition chief, Anwar has spent much of his career trying to oust Barisan. For the 2018 election, Anwar tied up with mentor-turned-foe Mahathir Mohamad to defeat Barisan.

Significant election gains by an Islamist party also added to investors' fears, notably over policies toward gambling and alcohol consumption. Anwar said he met with some leaders from the incumbent Barisan Nasional coalition on Monday to discuss a potential alliance. "I am satisfied as this negotiation was on the need to form a stable government that's inclusive. Its 30 seats in parliament is key for both candidates to cross 112 seats needed to hold a majority. On Monday, Anwar's coalition partnered with Barisan to form regional governments in two states, which also saw inconclusive elections.

☆ Malaysia's Anwar 'optimistic' of forming govt after talks with potential partners
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: 1 min

KUALA LUMPUR, Nov 21 (Reuters) - Malaysia's opposition leader Anwar Ibrahim said he was "very optimistic" of forming a government after holding talks with the incumbent ruling coalition to get the required majority. Anwar said he met with the some leaders of the Barisan Nasional coalition for their support and was "very pleased" with the talks. No final decision has been made, he said. Reporting by Rozanna Latiff and Mei Mei Chu, writing by A. Ananthalakshmi; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ Malaysian voters erred on the side of conservatism at weekend polls, analysts said
▼ + stars: | 2022-11-21 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +3 min

watch nowIt will be a tough road to victory for Malaysia's reformist party Pakatan Harapan after the weekend's general elections where voters leaned toward conservative and religious parties, analysts said. The largest opposition coalition Pakatan Harapan is led by former deputy prime minister Anwar Ibrahim, who is looking to become prime minister after being denied the leadership for over two decades. Malaysian opposition leader Anwar Ibrahim of Pakatan Harapan on Monday morning before meeting the king. Former prime minister and long-time statesman Mahathir Mohamad's historic loss of his seat in Langkawi shows that politics in Malaysia are changing, according to Better Malaysia Assembly advocate and brother of jailed former Prime Minister Najib Razak, Nazir Razak. Nurphoto | Nurphoto | Getty Images

☆ Malaysia's Muhyiddin, Anwar race to form government as turmoil drags on
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +3 min

[1/2] Malaysian former Prime Minister and Perikatan Nasional Chairman Muhyiddin Yassin waves as he leaves after Malaysia's 15th general election in Shah Alam, Malaysia November 20, 2022. Anwar's multi-ethnic coalition won the most number of seats in the Saturday election with 82. King Al-Sultan Abdullah, whose largely ceremonial role includes the power to appoint as prime minister a lawmaker he believes will command a majority, could play a decisive role. Massive corruption, mostly related to the looting of billions of dollars from sovereign fund 1Malaysia Development Bhd (IMDB), for which former prime minister Najib Razak was jailed earlier this year, seriously wounded UMNO's image. During his time in opposition, Anwar spent a decade in jail on convictions for sodomy and corruption, which he says were politically motivated.

☆ Malaysia's political manoeuvring begins after indecisive election
▼ + stars: | 2022-11-20 | by ( ) www.cnbc.com time to read: +2 min

Voters queue up to cast their ballots during the general election in Bera of Pahang state, Malaysia, Nov. 19, 2022. Malaysia's political leaders scrambled on Sunday to secure support from rivals a day after a general election produced a hung parliament, with no coalition winning a parliamentary majority. Longtime opposition leader Anwar Ibrahim and former Prime Minister Muhyiddin Yassin each said they could form a government with support from other parties, whom they did not identify. Prime Minister Ismail Sabri Yaakob's Barisan Nasional alliance - whose United Malays National Organisation (UMNO) had long been Malaysia's dominant political force - suffered its worst electoral defeat ever, winning just 30 of the 178 seats it vied for. As voters rejected UMNO and the multi-ethnic Barisan coalition it leads for the second election in a row, Muhyiddin's Perikatan Nasional coalition, in its first national contest, pulled support from Barisan's traditional base.

☆ Explainer: What to expect as Malaysia's split election leaves scramble to form govt
▼ + stars: | 2022-11-20 | by ( Mei Mei Chu | ) www.reuters.com time to read: +4 min

[1/3] The logo of Malaysia's election commission is pictured at its headquarters in Putrajaya, Malaysia, October 20, 2022. REUTERS/Hasnoor HussainKUALA LUMPUR, Nov 20 (Reuters) - Malaysia's political leaders were scrambling to form a coalition government on Sunday after an election produced an unprecedented hung parliament, with no group able to claim a majority. Longtime opposition leader Anwar Ibrahim and former Prime Minister Muhyiddin Yassin each said they could form a government with support from other parties, whom they did not identify. It made inroads in strongholds of Barisan, whose United Malays National Organisation (UMNO) - long Malaysia's dominant political force - made its worst showing ever. KING'S ROLEKing Al-Sultan Abdullah could potentially pick the next prime minister.

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