(Bloomberg) -- Malaysia’s Prime Minister Anwar Ibrahim said he will announce his Cabinet lineup Friday evening.
The new leader said he had an audience with King Sultan Abdullah Sultan Ahmad Shah earlier today and discussed the need to form a Cabinet immediately.
“Many are qualified but there is a limit because we don’t want too many ministers or special envoys so that we can save money and use it on the people,” Anwar said in a speech at an event in Perak, repeating his aim to keep the Cabinet streamlined.
Anwar has been in talks with several coalitions including parties in his PH alliance on deciding who gets ministerial portfolios. A cabinet announcement will show what sort of compromises he would have to make to keep his unity government afloat, ahead of a confidence vote on Dec. 19.
Anwar said his administration would focus on the economy and address issues such as inflation and unemployment. After the Cabinet is formed, “I will have a special meeting with them on Monday to set a few ground rules immediately,” he said.
(Updates with PM’s comments.)
©2022 Bloomberg L.P.
BNN Bloomberg Picks
What are economists expecting from Wednesday's Bank of Canada rate decision?
A timeline of Bank of Canada rate hikes
Where could gold prices go in 2024?
High rates untenable amid household 'debt crisis': Rosenberg
EXPLAINER: First Quantum, the Canadian miner at the heart of mining protests in Panama
Approach art investing as you would stocks and bonds: expert