September 19, 2021
General News

Malaysia new PM Ismail Sabri Yaakob faces Covid, political uncertainty

Malaysia’s new prime minister, Ismail Sabri Yaakob, has been sworn in — but analysts warn that political and economic uncertainties remain as the country faces its worst Covid-19 outbreak.  

Ismail Sabri took over as prime minister after Muhyiddin Yassin resigned last week, following a rocky 17 months in office wrought by political infighting within the ruling coalition. It ultimately cost Muhyiddin his position.

The new prime minister now faces an immediate challenge of taming Malaysia’s surging Covid infections and rising death count, as well as reviving an economy that has suffered from multiple rounds of lockdowns.

“The political drama since last year has hit Malaysia at a most unfortunate time,” Wellian Wiranto, an economist at Singapore’s OCBC Bank, wrote in a Friday report.

Daily Covid cases reported in Malaysia surged past the 20,000-mark earlier this month and have since…

Read full article here: www.cnbc.com