FED'S DALY SAYS THERE'S NO URGENCY TO CUT RATES

MNI China Daily Summary: Tuesday, April 2

MNI BRIEF: China to Incentivise Equipment Upgrades, Trade-Ins

MNI: PBOC Drains Net CNY148 Bln Via OMO Tues; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0957 Tues; -4.95% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

Seasonally Adjusted CPI Series: Flat Core Goods, Higher Services

EZ/UK Bond Supply Calendar: Belgian 30Y USD and Bund Auction Weds

MNI: US BLS: JOLTS QUITS RATE 2.2% IN FEB

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Conflicts Resurface Over Expiry Date Of Malaysia's Gov't-Opposition Pact

ASIA

UMNO has the right to decide on the future of the Memorandum of Understanding (MoU) with the opposition, but the final decision is in the hands of Prime Minister Ismail Sabri, Malaysia's Communications Minister & head of Ketereh UMNO division Annuar told reporters Thursday afternoon.

  • Annuar was commenting on a tweet from UMNO Secretary General Ahmad Maslan, who suggested that Malaysia's largest party will not move forward with the MoU.
  • The Ketereh MP stressed that the MoU is not an inter-party agreement but a deal between the government and the opposition, which has no "expiry date" and remains in effect until the dissolution of parliament.
  • Annuar's remarks highlight disagreements in the interpretation of the MoU's provision that prohibit calling a general election before July 31, which some see as the "end date" of the entire pact.
  • Still, Annuar said that if cooperation is extended beyond that date to ensure continued political stability, it won't likely be for a long time.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.