Senin, 21 November 2022

Despite dismal Malaysia GE15 results, Barisan Nasional may prove to be kingmakers in forming new government - CNA

ALLIANCES UNCLEAR

The final numbers and where alliances lie were still unclear as of Monday afternoon. 

GPS chairman Abang Johari Openg on Sunday threw his support behind a PN government, saying that it is ready to partner PN, BN and GRS to form the next federal government. 

However, word of this alliance was refuted by BN's Ahmad Zahid in a statement on Sunday evening, who insisted that his coalition has not held any discussions with GPS.

Both coalitions actively courted potential partners over the weekend, with Malaysia’s king initially setting a deadline of 2pm on Monday for them to settle their affairs and submit their numbers and prime minister candidates.

Hours before the Monday deadline, PH and BN politicians gathered at the Seri Pacific Hotel in Kuala Lumpur for apparent talks.

The king has since extended the deadline to 2pm on Tuesday. 

Getting BN on board will be key to PH's plans, although not all 30 candidates who won seats are keen on this move. 

BN veteran Hishammuddin Hussein is among several politicians who are rejecting the alliance with PH.

"I would be fired by the party but will never change this firm stance. No Anwar, no (Democratic Action Party)," he said in a Facebook post on Monday. 

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2022-11-21 08:57:00Z
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DAP has 'no problem' working with BN to form new Pahang govt - New Straits Times

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  1. DAP has 'no problem' working with BN to form new Pahang govt  New Straits Times
  2. State polls in Malaysia leave Pahang and Perak with hung assemblies  The Straits Times
  3. BN-Harapan on course to form govt in Pahang  Malaysiakini
  4. GE15: BN looks certain to form state government in Pahang, but Pas is making headway, says expert  New Straits Times
  5. Opposition makes inroads into Barisan Nasional's traditional bastion of Pahang  The Straits Times
  6. View Full coverage on Google News

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2022-11-21 06:37:14Z
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Minggu, 20 November 2022

PH, BN in talks ahead of king's deadline to submit numbers to form government - CNA

"There has been no decision with anyone, especially PN to form a government with them," said Ahmad Zahid. 

"Any parties or coalition who claim that BN has joined them to form the government are all untrue," he added. 

He also urged that MPs be given an extension to the 2pm deadline to submit their names to the Palace. 

The 27 BN MPs then exited the room and entered into another room where some PH MPs including Parti Keadilan Rakyat deputy chief Rafizi Ramli were seen. 

According to a video interview aired by Astro Awani on Sunday, Mr Anwar was asked if he had the numbers for a simple majority in the Lower House and which parties he was collaborating with.

He replied: "As I said last night, it is done but I want it to be really proper and let them (political parties) issue their own statements 

"I am happy because we have virtually settled this. With a level of support, I am confident, God willing, I will be given the chance, the opportunity to lead this country," said the Parti Keadilan Rakyat (PKR) president.

When asked which parties he was collaborating with, Mr Anwar would only say: "Let them come out with their own statements (on the matter). Probably in the short term.”

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2022-11-21 04:46:17Z
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Ringgit, shares fall amid uncertainty over Malaysia's hung Parliament election result - The Straits Times

KUALA LUMPUR - Malaysia saw its first-ever hung Parliament in Saturday’s elections after none of the three major coalitions won enough seats to form a majority, extending the political crisis in an economy on a fragile rebound.

While uncertainty remains, investors are expected to take the results in their stride as most have factored in a hung Parliament as a “default position”, according to analysts.

Still, the ringgit dropped 0.6 per cent against the US dollar to 4.5837 following the election results, with the Malaysian currency the worst performer in Asia on Monday.

Against the Singapore dollar, the ringgit weakened 0.45 per cent to 3.332, making for a year-to-date drop of 7.3 per cent.

Malaysia 10-year yields were steady at 4.32 per cent, but the nation’s share benchmark dropped as much as 1.5 per cent.

Most of Malaysia’s gaming and alcohol-related stocks fell following Parti Islam SeMalaysia’s (PAS) advance in the elections.

Malaysian party leaders have until Monday afternoon to inform the nation’s monarch of their choice for prime minister and the alliances they have formed.

Veteran opposition leader Anwar Ibrahim’s reformist coalition won 82 parliamentary seats in the elections, the biggest haul among the competing blocs. Meanwhile, former prime minister Muhyiddin Yassin said he has enough support to make a bid for the premiership.

Here is what analysts and money managers have to say:

Mr Megat Fais, head of Malaysia equity research at Citi

“A lack of strong majority government remains less than ideal from a policy-making standpoint, especially with concerns over Malaysia’s fiscal position.”

A Yassin-led coalition government can put more scrutiny on gaming, brewery and tobacco shares while ‘apolitical’ sectors such as planters and glovemakers could be seen as places to hide. Investors could remain wary of construction-related stocks, given the sector’s dependence on policy implementation.

“In the event of a sell-off by foreign investors, banks such as Public Bank could be negatively impacted given the strong foreign inflows year to date.”

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2022-11-21 01:54:02Z
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GPS will back PN, BN and GRS to form next Malaysian govt - The Straits Times

The announcement also comes as Parliament remains hung following Saturday’s closely fought election, with rivals Pakatan Harapan (PH) and PN emerging with the largest blocks of seats, neither of which was enough for them to form a simple majority government.

GPS, BN, PI and GRS collectively have 131 seats, more than the minimum 112 needed to form a simple majority in the 222-seat Parliament.

Mr Abang Johari said GPS’s decision was made in the interest of political stability and the people’s wellbeing, but it is subject to conditions laid out by the party.

This includes upholding the Federal Constitution and Sarawak’s sovereignty as per the Malaysia Agreement 1963, which includes upholding freedom of religion in Sarawak, autonomy in education and health matters, and other issues regarding the region’s interests.

“To ensure the wellbeing of the people and the country’s economy continues to be preserved, a stable and strong government has to be formed quickly,” Mr Abang Johari said.

Tan Sri Muhyiddin said he is confident of having the backing from Members of Parliament to be the country’s next prime minister.

He said he had met with GPS and GRS leaders who gave their support and trust for him to be the designated PM candidate.

“A few Members of Parliament have also given the same commitment,” he said in a statement on Sunday evening.

GPS’s and Mr Muhyiddin’s statements have cast doubts on PH leader Anwar Ibrahim’s claims of having the numbers to form the government.

In the early hours of Sunday, Datuk Seri Anwar claimed that his PH coalition has in place a simple majority of more than 112 parliamentary seats.

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2022-11-20 10:37:54Z
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Race is on for Anwar, Muhyiddin to form govt, Malaysia King sets Monday deadline for PM choice - The Straits Times

KUALA LUMPUR – Malaysia prime minister hopefuls Anwar Ibrahim and Muhyiddin Yassin have wasted no time in their bids to beef up their ranks after their coalitions ended up neck and neck in Saturday’s vote.

On paper, Pakatan Harapan (PH) chief Anwar has the slight edge, with 82 MPs – including one from the allied Muda – compared with former premier Muhyiddin’s 79 in the country’s first-ever hung Parliament after a general election.

Tan Sri Muhyiddin’s bloc of seats are from pacts led by his Parti Pribumi Bersatu Malaysia – Perikatan Nasional (PN) with 73, and Gabungan Rakyat Sabah, which won another six in the eastern state.

But Mr Muhyiddin appears to have one foot in the door after Sarawak Premier Abang Johari Openg flew to Kuala Lumpur on Sunday morning to meet him and Parti Islam SeMalaysia president Hadi Awang – whose party is now the largest in Parliament – to “discuss the formation of a federal government”.

Tan Sri Johari leads Gabungan Parti Sarawak (GPS), which took 22 of the state’s 31 parliamentary seats.

“Negotiations are also ongoing with other parties that are compatible, and independent MPs,” said Mr Muhyiddin, the PN chief. He had earlier ruled out working with PH.

Datuk Seri Anwar, a former deputy premier, faces a conundrum in unravelling deep-seated enmity between his coalition and the most likely ports of call to achieve a simple majority in the 222-strong Parliament.

Several well-placed sources say that the Parti Keadilan Rakyat (PKR) president was already trying to hammer out a deal in the early hours of Sunday with GPS, but Mr Johari’s decision to meet Mr Muhyiddin first will be a huge blow to PH’s hopes.

The Straits Times has learnt that Umno president Zahid Hamidi faced staunch resistance from his party’s top brass to the idea of supporting PH with Barisan Nasional’s (BN) 30 MPs. This would be sufficient for PH to hit the magic number of 112 to control the federal legislature.

Both GPS and BN have long been critical of PH, especially its largest component Democratic Action Party (DAP), which they accuse of undermining the interests of the bumiputera (a term referring to the Malay Muslim majority, and aboriginal natives who form the majority in the Bornean states of Sarawak and Sabah).

Meanwhile, many in PH, even from Mr Anwar’s own PKR have battled for decades to depose Umno, and are especially unwilling to work with Zahid, who is facing a host of graft charges.

Already there are rumblings within Umno to remove Zahid, with caretaker Senior Defence Minister Hishammuddin Hussein said to be leading its parliamentarians in seeking a deal with Mr Muhyiddin. After Umno’s watershed election defeat in 2018, former premier Najib Razak was also forced to step down swiftly.

ST has also learnt that the palace has issued letters to all key political parties, urging them to form a majority government soonest. Only Mr Muhyiddin had referred to such a letter at his 3am press conference on Sunday, giving the impression that his coalition was steps ahead in forming the government.

The palace said on Sunday afternoon that the King has decreed that all parties must declare their respective alliances to form the government and the name of an MP that can command a parliamentary majority by 2pm on Monday.

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2022-11-20 04:00:00Z
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Malaysia king asks parties with most seats won to present their numbers by Monday afternoon - CNA

KUALA LUMPUR: Malaysia’s King Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah has asked the coalitions with the most number of seats won in the 15th General Election (GE15) to keep the palace informed about their cooperation arrangements to form the next government.

In a statement issued on Sunday (Nov 20), Comptroller of the Royal Household of Istana Negara, Ahmad Fadil Shamsuddin, said that the palace has requested the help of Dewan Rakyat speaker Azizan Harun to reach out to the leaders of political parties and coalitions.

“The leaders of the political parties and coalitions will be asked by the Dewan Rakyat speaker to inform about the coalitions that have been agreed respectively as well as the name of one Dewan Rakyat member who has received the majority support of this coalition to be the Prime Minister of Malaysia to Istana Negara before 2pm on Nov 21,” he said. 

Mr Ahmad Fadil said that in line with Articles 40(2)(a) and 43(2)(a) of the Federal Constitution, the king’s decree and decision on the formation of the new government was final.

“The king advises the people and leaders of political parties to accept and respect the democratic process and accept the results of the 15th General Election with a calm and open mind in order to preserve the integrity of the country as it is an inheritance in which elected leaders act as trustees,” he said.

Mr Ahmad Fadil said that the king had received the results of GE15 from the Election Commission (EC) on Sunday, with EC chairman Abdul Ghani Salleh noting that no political party has managed to win a simple majority to form the government.

“The king would like to remind that the country needs a government that is stable, authoritative and has integrity to protect the people and drive the nation’s welfare agenda,” he said.

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2022-11-20 07:23:31Z
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