Malaysia PM Names New Trade, Economy Chiefs in Cabinet Reset
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Article content(Bloomberg) — Malaysian Prime Minister Anwar Ibrahim named new trade and economy chiefs on Tuesday, as part of a broad revamp to address some monthslong vacancies in his government.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentJohari Abdul Ghani is the new Investment, Trade and Industry Minister, replacing Zafrul Aziz who stepped down in early December after his senatorship expired.
Akmal Nasrullah Mohd Nasir was named Economy Minister, filling in the vacancy left by Rafizi Ramli’s departure earlier this year. Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentAnwar needs to sharpen the government’s policy execution and reinforce stability within his multi-party cabinet as it enters a more demanding phase, with economic growth set to moderate next year and exports vulnerable to lingering geopolitical risks. Policymakers are also seeking to press ahead with subsidy rationalization to repair public finances without alienating voters.Article contentArticle contentAnwar has crossed the halfway mark of his first term as the nation’s leader, with an election due by early 2028. Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentJohari is one of three vice-presidents of the United Malays National Organisation, a key ally in Anwar’s coalition government. He previously helmed the Plantation and Commodities Ministry, a position that his UMNO colleague, Noraini Ahmad, is taking over. Article contentIn recent months, Johari has been taking on a more expanded role in the cabinet. He became Malaysia’s coordinating minister for Russia in May and two months later, began to oversee the Ministry of Natural Resources and Environmental Sustainability in an acting capacity. Article contentAkmal, a member of Anwar’s People’s Justice Party who held the position of Deputy Energy Transition and Water Transformation Minister, was promoted to become a full minister to replace his ally, Rafizi. Article contentRead: Malaysian Ministers Quit in Blow to Anwar’s GovernmentArticle contentAnwar also appointed Liew Chin Tong, the outgoing deputy trade minister to be his new deputy at the finance ministry, which he helms. Article contentThe appointees will be sworn in on Wednesday by Malaysia’s king, Sultan Ibrahim Iskandar, before attending a cabinet meeting later in the day. Article contentArticle contentThe government “will continue to prioritize strengthening governance and enhancing the effectiveness of policy implementation,” Anwar said in a post on X before the cabinet announcement.Article contentIt’s the leader’s second cabinet reshuffle since taking office in 2022, with the last reorganization made two years ago. Article contentHere are the other appointments:Article contentArthur Joseph Kurup named Natural Resources and Environmental Sustainability Minister, replacing Nik Nazmi Nik Ahmad, who quit alongside Rafizi in MayOutgoing Human Resources Minister Steven Sim named new Entrepreneur Development and Cooperatives Minister, replacing Ewon Benedick who quit last month ahead of the Sabah state pollsRamanan Ramakrishnan, a vice-president of Anwar’s party, will replace Sim as Human Resources Minister. The former was previously Deputy Entrepreneur Development and Cooperatives MinisterHannah Yeoh moves from helming the Youth and Sports Ministry to become Minister in the Prime Minister’s Department (Federal Territories)Mohammed Taufiq Johari, a first-term lawmaker from Anwar’s party, is the new Youth and Sports Minister, replacing YeohArticle contentArticle content—With assistance from Anuradha Raghu, Kok Leong Chan and Cecilia Yap.Article content(Updates with additional details starting in second paragraph.)Article contentTrending The Federal Reserve’s rate cut was a clear signal to investors Investor McKinsey plots thousands of layoffs in consulting slowdown Work Posthaste: Canada's provinces face 'deteriorating' outlook, says Fitch Ratings News Bank of Canada expected to hold interest rate steady through 2026 as inflation cools Economy Garry Marr: How raiding your TFSA before the end of year could save you thousands Personal Finance Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.
The Federal Reserve’s rate cut was a clear signal to investors Investor McKinsey plots thousands of layoffs in consulting slowdown Work Posthaste: Canada's provinces face 'deteriorating' outlook, says Fitch Ratings News Bank of Canada expected to hold interest rate steady through 2026 as inflation cools Economy Garry Marr: How raiding your TFSA before the end of year could save you thousands Personal Finance