Malaysian Prime Minister and Finance Minister Anwar Ibrahim unveiled the 2023 budget on Friday. According to the new budget, Malaysian will be implementing a vanity tax on the high income group and provide relief to the middle income class.

Malaysia unveils 2023 budget; PM Anwar Ibrahim aims to spur growth, tackle budget deficit

<p>Reformist leader Anwar Ibrahim has been named the new prime minister of Malaysia, the royal palace said on Thursday. Ibrahim was sworn in at 5 pm local time. The royal rulers had met in an effort to end the political impasse in the country following inconclusive polls.&nbsp;The Malaysian king made efforts to end the political impasse following inconclusive polls in the country and met leaders across the political spectrum.</p>

<p>"After taking into the consideration the views of Their Royal Highnesses the Malay Rulers, His Majesty has given consent to appoint Anwar Ibrahim as the 10th Prime Minister of Malaysia," the statement said.</p>

<p>Five days after an election, Malaysia was still waiting to get a new government as the two contenders--Anwar Ibrahim and former prime minister Muhyiddin Yassin--did not have enough support for a majority.&nbsp;</p>

<p>Also Read |&nbsp;<a href="https://www.wionews.com/south-east-asia/who-is-malaysias-king-set-to-be-the-kingmaker-in-malaysian-elections-536668">Who is Malaysia’s king, set to play key role in selection of next Malaysian PM?</a></p>

<p>After the polls,&nbsp;Anwar's Pakatan Harapan (Alliance of Hope) coalition won 82 seats, falling short of the required 112-seat majority. Former prime minister Muhyiddin Yassin's Perikatan Nasional (National Alliance) bloc grabbed 73.</p>

<p>Muhyiddin later told reporters that the king had asked both of them to form a unity government with Ibrahim.</p>

<p>Malaysia's king, Sultan Abdullah Sultan Ahmad Shah, has the discretionary power to appoint a premier whom he believes has the majority of lawmakers' support.</p>

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<p>Anwar's appointment caps a three-decade long journey. He started off as a protege of veteran leader Mahathir Mohamad, became a protest leader, was imprisoned and convicted of sodomy, then took over as opposition leader and has finally become the prime minister.</p>

<p>The 75-year-old has come close to the top spot a few times earlier. In the 1990s, he was the deputy prime minister and the official prime minister-in-waiting in 2018. Between these two times, he was&nbsp;jailed and sentenced for sodomy and corruption in what he says were politically motivated charges aimed at ending his career.</p>

<p>Anwar leads a multi-ethnic coalition of parties with progressive leanings.</p>

<p><em>(With inputs from agencies)</em></p>

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Reformist leader Anwar Ibrahim has been named the new prime minister of Malaysia, the royal palace said on Thursday. Ibrahim was sworn in at 5 pm local time. The royal rulers had met in an effort to end the political impasse in the country following inconclusive polls.

Reformist leader Anwar Ibrahim has been named the new prime minister of Malaysia, the royal palace said on Thursday. Ibrahim was sworn in at 5 pm local time. The royal rulers had met in an effort to end the political impasse in the country following inconclusive polls. The Malaysian king made efforts to end the political impasse following inconclusive polls in the country and met leaders across the political spectrum. "After taking into the consideration the views of Their Royal Highnesses the Malay Rulers, His Majesty has given consent to appoint Anwar Ibrahim as the 10th Prime Minister of Malaysia," the statement said. Five days after an election, Malaysia was still waiting to get a new government as the two contenders--Anwar Ibrahim and former prime minister Muhyiddin Yassin--did not have enough support for a majority. Also Read | Who is Malaysia’s king, set to play key role in selection of next Malaysian PM? After the polls, Anwar's Pakatan Harapan (Alliance of Hope) coalition won 82 seats, falling short of the required 112-seat majority. Former prime minister Muhyiddin Yassin's Perikatan Nasional (National Alliance) bloc grabbed 73. Muhyiddin later told reporters that the king had asked both of them to form a unity government with Ibrahim. Malaysia's king, Sultan Abdullah Sultan Ahmad Shah, has the discretionary power to appoint a premier whom he believes has the majority of lawmakers' support. × Anwar's appointment caps a three-decade long journey. He started off as a protege of veteran leader Mahathir Mohamad, became a protest leader, was imprisoned and convicted of sodomy, then took over as opposition leader and has finally become the prime minister. The 75-year-old has come close to the top spot a few times earlier. In the 1990s, he was the deputy prime minister and the official prime minister-in-waiting in 2018. Between these two times, he was jailed and sentenced for sodomy and corruption in what he says were politically motivated charges aimed at ending his career. Anwar leads a multi-ethnic coalition of parties with progressive leanings. (With inputs from agencies)

Malaysian opposition leader Anwar Ibrahim named country's new prime minister

Anwar Ibrahim has been named as Malaysia's 10th Prime Minister. His party - Pakatan Harapan - won the most seats in the elections. The 75-year-old would be sworn in a ceremony at the palace at 5 PM local time.

Malaysia: Anwar Ibrahim appointed as new Prime Minister; swearing-in to take place today

Anwar Ibrahim has been named as Malaysia's 10th Prime Minister. His party - Pakatan Harapan - won the most seats in the elections. The 75-year-old would be sworn in a ceremony at the palace at 5 PM local time. Now the question is that who will form the next government?

Malaysian King search for PM comes to an end

There's no clarity on who will become the next Prime Minister be after the two coalitions in the running to form government fail to get the requisite numbers, all eyes are on the king who will pick the Prime Minister. So, the political stalemate continues in Malaysia.

Malaysia king to pick next prime minister, summons politicians to palace

Malaysia: King to meet 30 winning Barisan National politicians individually to pick next PM

<p>Malaysia's king appointed Ismail Sabri Yaakob as the prime minister on Friday, replacing Muhyiddin Yassin, who stepped down this week after losing his parliamentary majority.</p>

<p>Ismail Sabri, who was Muhyiddin's deputy, takes over as the Southeast Asian nation grapples with a surge in COVID-19 infections and an economic slump, amid growing public anger over the handling of the health crisis. He will be sworn in on Saturday.</p>

<p>He secured majority support, with the backing of 114 of parliament's 222 members, the palace said in a statement.</p>

<p>His predecessor Muhyiddin Yassin quit Monday following a turbulent 17 months in office after losing parliamentary support, as anger grew over his government's handling of a worsening coronavirus outbreak.&nbsp;</p>

<p>The incoming leader is from the United Malays National Organisation (UMNO), the lynchpin of a coalition that governed for six decades until losing power in 2018 amid the multi-billion-dollar 1MDB graft scandal.</p>

<p>UMNO had already regained a foothold in power as a partner in the last government, and Ismail Sabri's victory means they have now reclaimed the country's top job without elections.</p>

<p>The king has said the new prime minister will have to face a confidence vote in parliament to prove his majority soon after his appointment.</p>

<p><em>(With inputs from agencies)</em></p>


Malaysia's king appointed Ismail Sabri Yaakob as the prime minister on Friday, replacing Muhyiddin Yassin, who stepped down this week after losing his parliamentary majority.

Malaysia's king appointed Ismail Sabri Yaakob as the prime minister on Friday, replacing Muhyiddin Yassin, who stepped down this week after losing his parliamentary majority. Ismail Sabri, who was Muhyiddin's deputy, takes over as the Southeast Asian nation grapples with a surge in COVID-19 infections and an economic slump, amid growing public anger over the handling of the health crisis. He will be sworn in on Saturday. He secured majority support, with the backing of 114 of parliament's 222 members, the palace said in a statement. His predecessor Muhyiddin Yassin quit Monday following a turbulent 17 months in office after losing parliamentary support, as anger grew over his government's handling of a worsening coronavirus outbreak. The incoming leader is from the United Malays National Organisation (UMNO), the lynchpin of a coalition that governed for six decades until losing power in 2018 amid the multi-billion-dollar 1MDB graft scandal. UMNO had already regained a foothold in power as a partner in the last government, and Ismail Sabri's victory means they have now reclaimed the country's top job without elections. The king has said the new prime minister will have to face a confidence vote in parliament to prove his majority soon after his appointment. (With inputs from agencies)

Malaysia's king appoints Ismail Sabri Yaakob as new prime minister