Free Trial
JGBS

Flattening Holds, Rinban Plans Eyed

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

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.
156 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

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.