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Hurdles ahead for Malaysia’s new PM Anwar as he builds new Cabinet
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Malaysian PM Anwar Ibrahim vowed that the immediate priority of the new administration will be to tackle higher cost of living.
PHOTO: REUTERS
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KUALA LUMPUR - Heading a unity government with multiple political parties, Malaysia’s newly minted prime minister Anwar Ibrahim
With the federal government’s whopping debt of RM1.04 trillion (S$320 billion), the arduous task for Datuk Seri Anwar, touted to be a reformist leader, would be to introduce fiscal reforms to broaden its revenue base, cut government spending while easing the rising cost of living that Malaysians are grappling with, said economists.
