(Updated) Anwar As PM Is Good news, will boost investors confidence, Bursa – Business community

File photo of an international conference being held at the Malaysia International Trade and Exhibition Centre, with the participation of foreign investors.

Updated with news of Datuk Seri Anwar Ibrahim’s appointment as prime minister confirmed.

KUALA LUMPUR, Nov 24 – Datuk Seri Anwar Ibrahim’s appointment as Malaysia’s 10th Prime Minister is set to boost the confidence of investors’ both local and foreign, said several leading businessmen in the country.

“While there will be many challenges ahead, Anwar is equipped with the required knowledge and with a strong team backing him, it will be easier to counter the current external and internal challenges such as the ongoing war between Russia and Ukraine and the subsequent rise in prices of major goods, climate change and so on,” said a leading corporate figure, who spoke on the condition of anonymity.

Former senior management executive in BERNAMA, Viswa.

For former senior executive in Malaysia’s National News Agency, BERNAMA, Viswa, Anwar becoming PM is “very good news for the country.”

“With good governance, more transparency, greater accountability and corruption kept in check, the cost of doing business should be attractive to investors and entrepreneurs, both foreign and local. I foresee Bursa on the immediate uptick and the Ringgit strengthening.

“The bigger challenge would be to tackle the rising cost of living and abject poverty. With less politicking, Anwar and his team should rise up to this challenge. I do see a better Malaysia in the making.”