THE new government will need to consider a confidence and supply agreements (CSAs) with the Opposition bloc to ensure a more sustainable administration following the resignation of Tan Sri Muhyiddin Yassin as the prime minister (PM).Muhyiddin, the shortest serving PM in the country’s history, officially submitted his resignation letter to Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah after governing the Perikatan Nasional administration for 17 months with a slim majority since the alliance came into power.He had to vacate the post after a number of Umno lawmakers withdrew support for him.
by AFIQ AZIZ/ pic by MUHD AMIN NAHARUL Moody’s Investors Service said that political uncertainty would not drag the country’s rating and credit profile.
KUALA LUMPUR: Late buying support for key stocks Petronas Dagangan, Sime Plantation and Tenaga Nasional helped cushion the impact of the resignation of Tan Sri Muhyiddin Yassin and his Cabinet, though he will remain caretaker prime minister.
Wednesday, 07 Apr 2021 05:18 PM MYT
Moody’s Investors Service Sovereign Risk Group assistant vice-president and analyst, Christian Fang said generally, macroeconomic institutions had not been the target of politics and policies have generally remained sound despite a series of political upheavals that took place in 2018 and 2020. Picture by Choo Choy May
Subscribe to our Telegram channel for the latest updates on news you need to know.
KUALA LUMPUR, April 7 Malaysia’s institutions and policies remain relatively credible and effective despite politics in the country that has become much more volatile in recent years.
Moody’s Investors Service Sovereign Risk Group assistant vice-president and analyst, Christian Fang said generally, macroeconomic institutions had not been the target of politics and policies have generally remained sound despite a series of political upheavals that took place in 2018 and 2020.