Malaysia

Anwar heads MoF to raise investor, business confidence

PM to be assisted in portfolio by team of advisors, civil servants

Updated 3 years ago · Published on 02 Dec 2022 9:23PM

Anwar heads MoF to raise investor, business confidence
Prime Minister Datuk Seri Anwar Ibrahim announces his cabinet today. He says he has reluctantly decided to helm the Finance Ministry to face the current global economic crisis. – AZIM RAHMAN/The Vibes pic, December 2, 2022

by Azril Annuar

PUTRAJAYA – Prime Minister Datuk Seri Anwar Ibrahim has decided to reluctantly take the finance portfolio in light of the current global economic crisis, hoping that his presence will reassure local and foreign investors.

Speaking to the press after announcing his cabinet line-up tonight, the Tambun MP said that initially, he plans on taking over the ministry even though he has criticised some of his predecessors for centralising too much power in the prime minister’s office.

“I’m not keen (on taking this portfolio) but I want to start with an approach and policies to give confidence to our economy and for the local businesses and foreign investors.

“And I think, at this early stage, let me do this first while I am being assisted by a formidable team made up of civil servants and advisors who will not burden the government’s finances,” said Anwar.

His announcement saw two deputy prime ministers – Umno president Datuk Seri Ahmad Zahid Hamidi and Gabungan Parti Sarawak’s Datuk Seri Fadillah Yusof, who are part of a 28-member cabinet. – The Vibes, December 2, 2022

Related News

Malaysia / 12h

No need to resign, PM has absolute power if there is doubt – Ahmad Zahid

Malaysia / 1w

Friends in Putrajaya, rivals in Johor: Election exposes new realities of coalition politics

Opinion / 2w

Why Bersama is not Malaysia’s best hope

Malaysia / 1mth

Johor PRN: Onn Hafiz likely to be BN 'poster boy'

Malaysia / 1mth

Ministers extend Aidiladha greetings, urge Muslims to embrace spirit of sacrifice

Malaysia / 2mth

Cabinet did not discuss Jho Low’s pardon bid, says Fahmi

Spotlight

Malaysia

After Johor, the uncomfortable question for Anwar’s critics: Were we too impatient?

By The Vibes Says

Malaysia

Network School's business licences revoked, to cease operations tomorrow

Opinion

Orang Asli in Pahang: Token gestures or genuine recognition?

Malaysia

Tuition teacher sentenced to 105 years in prison and 70 lashes for raping daughter

Malaysia

Azam Baki denies involvement in RM178.29 million contract linked to brother’s company

Malaysia

Aminuddin urges NS voters to weigh manifesto promising benefits for M40 and B40 groups

Malaysia

No need to resign, PM has absolute power if there is doubt – Ahmad Zahid

World

Gaza’s water crisis deepens as families face thirst, disease and collapsing sanitation systems

You may be interested

Malaysia

Voters place greater emphasis on government performance than traditional political assumptions - INSAP

Malaysia

AirBorneo an important ‘air bridge’ between Sarawak, Peninsular Malaysia – Abang Jo

Malaysia

Good governance and political stability are essential for national prosperity, says Perak Ruler

Malaysia

High Court to decide prosecution appeal in Papagomo sedition acquittal on July 31

Malaysia

Who is Sarah? What we know about the Malaysian lawyer at the centre of the Karim Khan case

Malaysia

Over 3 billion suspicious SMS, 2.5 billion fraudulent calls blocked by MCMC

Malaysia

Sabah does not agree to 200-litre diesel quota, forms special committee - Masidi

Malaysia

PH banks on Negeri Sembilan development record as campaign heats up