The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Malaysia’s United Malays National Organization (UMNO) party expressed its support for the government, in a boost to PM Muhyiddin Yassin’s leadership.
The party, the largest block in the ruling coalition, announced a “political ceasefire†and said it will back the government’s efforts to manage the pandemic and boost economic growth, according to a statement from UMNO President Ahmad Zahid Hamidi. The expression of support comes a week after UMNO threatened to pull out unless it gets better terms, putting pressure on Muhyiddin to shore up his unstable government.
UMNO leaders had complained of being sidelined in the wake of Sabah election. “It simply means Muhyiddin finally reached some sort of deal for the moment with the main faction of UMNO,†said Oh Ei Sun, senior fellow with the Singapore Institute of International Affairs.