Good morning. Here's what you should know today.
Key Highlights
Royal rebuke against coups
Ringgit 'undervalued'
Ex-MPs rebuke PM
Royal rebuke against coups
The Yang di-Pertuan Agong told Parliament that he would not entertain attempts to destabilise the government.
His Majesty, Sultan Ibrahim Sultan Iskandar, said that those who want to play politics should wait until the next general election.
Meanwhile, the king also expressed concerns that Malaysians are growing more disunited and that future generations would have to inherit the country's growing debts.
HIGHLIGHTS
Ringgit 'undervalued'
Bank Negara governor Abdul Rasheed Ghaffour said the ringgit is undervalued and “ought to be traded higher”.
He said this was because the country had positive economic fundamentals and prospects.
He added that Bank Negara has stepped up engagements with government-linked investment companies, government-linked companies, corporations, and investors to encourage continuous inflows to the foreign exchange market.
HIGHLIGHTS
Ex-MPs rebuke PM
Two ex-Pakatan Harapan MPs have told off Prime Minister Anwar Ibrahim.
Former Sepang MP Mohamed Hanipa Maidin said that it did not reflect well on the premier when the latter called for a stop to criticism over the ringgit’s decline.
However, Hanipa said he would give Anwar a chance to prove that he was a true reformer and not a “deformer”.
Meanwhile, former Bangi MP Ong Kian Ming said that Anwar should focus on delivering reforms instead of stale soundbites.
HIGHLIGHTS
Views that matter
By P Gunasegaram | |
By S Thayaparan | |
By Prema Devaraj |
Other news that matter
The government says the Royal Commission of Inquiry on Batu Puteh, Batuan Tengah, and Tubir Selatan is empowered to issue warrants of arrest against those who refuse to testify before it.
Previously, Dr Mahathir Mohamad had been advised against testifying to the committee.
An economist said that direct cash transfers are a more effective way to target subsidies than subsidy cards.
Prime Minister Anwar Ibrahim had given a strong indication that the government would use cash transfers in lieu of subsidies.
A coroner's court ruled that police negligence in dispensing medical care led to the death of A Ganapathy while under custody in 2021.
HIGHLIGHTS