2024 RT Amination Banner.gif

China Daily

Asia Pacific> Asia News> Content
Published: 16:06, December 02, 2022 | Updated: 22:12, December 02, 2022
Malaysia PM Anwar to helm finance ministry
By Reuters
Published:16:06, December 02, 2022 Updated:22:12, December 02, 2022 By Reuters

Malaysia's newly appointed Prime Minister Anwar Ibrahim signing a document as he clocks in to the Prime Minister office on his first day holding the premier position at Putrajaya, Malaysia Nov 25, 2022. (MALAYSIAN DEPARTMENT OF INFORMATION / WAZARI WAZIR / HANDOUT VIA REUTERS)

KUALA LUMPUR - Malaysia's newly appointed Prime Minister Anwar Ibrahim said on Friday that he would also serve as the country's finance minister, retaking a cabinet role he first held 30 years ago.

He named Ahmad Zahid Hamidi and Fadillah Yusof - two coalition partners - as co-deputy prime ministers.

Anwar is looking to address rising costs and a slowing economy, and to ensure the stability of his coalition government

Anwar was sworn in as premier by Malaysia's king last week, after an election that resulted in a hung parliament. He then formed a coalition government with the help of other political blocs.

"This cabinet is a cabinet of a unity government," Anwar told a news conference. The ministers will be sworn in on Saturday, he said.

Anwar is looking to address rising costs and a slowing economy, and to ensure the stability of his coalition government. He had earlier indicated he would have a smaller cabinet than previous administrations.

ALSO READ: Malaysia PM Anwar eyes subsidies for low-income groups

Investors have cheered his appointment, hoping that Anwar can bring stability after a period of political uncertainty that saw three prime ministers in as many years.

Anwar was appointed as finance minister in 1991 by the then prime minister, Mahathir Mohamad. He was later fired after the two disagreed over how to respond to a financial crisis across Asia.



Share this story

CHINA DAILY
HONG KONG NEWS
OPEN
Please click in the upper right corner to open it in your browser !