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Free AccessMuhyiddin Concedes Defeat As Anwar Looks To Secure Two-Thirds Majority Support
Perikatan Nasional leader Muhyiddin Yassin congratulated Pakatan Harapan's Anwar Ibrahim for becoming Prime Minister and said that his party will serve in a check-and-balance role in the Dewan Rakyat. His speech signalled acceptance of Anwar's victory in the race for prime ministership, while distancing Perikatan from the emerging unity government.
- Speaking in the afternoon of his first day in office, Anwar said he was preparing to unveil a leaner Cabinet with lower salaries. He also announced that regional party Gabungan Rakyat Sabah (GRS) has agreed to join his unity government, which will give his administration a two-thirds parliamentary majority.
To read the full story
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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.