Malaysia’s King Names Ismail Sabri as New Prime Minister

Malaysia’s King Names Ismail Sabri as New Prime Minister
By Chester Tay

Malaysia’s king has named former deputy prime minister Ismail Sabri Yaakob as the country’s new leader, ending the political turmoil that ensued after caretaker prime minister Muhyiddin Yassin resigned on Monday.

The country’s royal palace said Sultan Abdullah Sultan Ahmad Shah’s decision was based on statutory declarations from 114 members of parliament endorsing Mr. Ismail.

Malaysia’s parliament has 222 seats, two of which are vacant, meaning that a candidate prime minister needs to secure the support of at least 111 members to have a majority mandate.

The palace said Sultan Abdullah’s move is supported by the Malay Rulers, who met Friday afternoon to make the decision. The Malay Rulers are the nine sultans that rule the country’s states.

The King also decreed that the new government must immediately prioritize efforts to handle the Covid-19 pandemic and urged members of parliament to put aside their political differences during the health crisis.

Write to Chester Tay at chester.tay@wsj.com


Leave a Reply

Your email address will not be published.

New Brokers
2.8 rating
Buy & sell Crypto in minutes
3.0 rating
Note: Investing involves risks. You can lose your deposit. We advise you to only invest in financial products which match your knowledge and experience.
2.0 rating
Interactive Brokers attracts active traders with low per-share pricing, an advanced trading platform.
4.3 rating
eToro is the world’s leading social trading platform, with thousands of options for traders and investors.
AdonFinance
Risk Warning: The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory or other services by AdonFinance. In addition, the content of the website offers no opinion with respect to the suitability of any security or any specific investment. Trading foreign exchange, stocks, cryptocurrencies and commodities is potentially high risk and may not be suitable for all investors. The high level of leverage can work both for and against traders. Before any investment with any broker you need to carefully consider your targets, previous experience, and risk level. Forex trading can result in the loss of your money, as a result, you are expressly cautioned that you should never invest or trade with money that you cannot afford to lose. For the avoidance of doubt, AdonFinance's service provides Brokers reviews in the Financial market. AdonFinance, its subsidiaries, agents or affiliates will assume no responsibility whatsoever for your trading activity. © Copyright 2021 AdonFinance