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Malaysian PM defies calls to quit, wants confidence vote next month - World


Malaysia’s Prime Minister Muhyiddin Yassin signs a document on his first day at the prime minister s office in Putrajaya, Malaysia on March 2, 2020. Reuters/File
Malaysian Prime Minister Muhyiddin Yassin defied mounting pressure to quit on Wednesday, saying he retained majority support among lawmakers and that he would prove it when the Southeast Asian nation s parliament reconvenes next month.
Speaking in a televised address, Yassin said King Al-Sultan Abdullah agreed that he should remain in power pending the confidence vote, even though some members of his coalition have withdrawn support.
Yassin s hold on power has been precarious ever since he emerged as prime minister in March last year, but the influential monarch had hitherto helped him survive in order to avoid political chaos as Malaysia battled surging Covid-19 infections and an economic downturn from multiple lockdowns. ....

Kuala Lumpur , Muhyiddin Yassin , Ismail Sabri Yaakob , Mahathir Mohamad , King Al Sultan Abdullah , Kuala Lumpur Stock Exchange , United Malays National Organisation , Malaysian Prime Minister Muhyiddin Yassin , Southeast Asian , குவாலா லம்பூர் , கிங் அல் சுல்தான் அப்துல்லா , குவாலா லம்பூர் ஸ்டாக் பரிமாற்றம் , ஒன்றுபட்டது மலாய்க்காரர்கள் தேசிய ஆர்கநைஸேஶந் , தென்கிழக்கு ஆசிய ,

Malaysia PM defies calls to quit, wants confidence vote next month


Malaysia PM defies calls to quit, wants confidence vote next month
Malaysia s Prime Minister Muhyiddin Yassin speaks during his cabinet announcement in Putrajaya, Malaysia March 9, 2020. REUTERS/Lim Huey Teng reuters tickers
This content was published on August 4, 2021 - 11:38
August 4, 2021 - 11:38
By Liz Lee and Mei Mei Chu
KUALA LUMPUR (Reuters) -Malaysian Prime Minister Muhyiddin Yassin defied on Wednesday mounting pressure to quit, saying he retained majority support among lawmakers and would prove it when the southeast Asian nation s parliament reconvened next month.
The biggest bloc in Muhyiddin s ruling alliance, the United Malays National Organisation (UMNO), is split on its support for the prime minister, who has governed with a razor-thin majority in an unstable coalition since coming to power in March 2020. ....

Kuala Lumpur , Muhyiddin Yassin , Ed Davies Simon Cameron Moore , Mei Chu , Liz Lee , Ismail Sabri Yaakob , Mahathir Mohamad , King Al Sultan Abdullah , Kuala Lumpur Stock Exchange , United Malays National Organisation , Malaysian Prime Minister Muhyiddin Yassin , Southeast Asian , Prime Minister , Simon Cameron Moore , குவாலா லம்பூர் , எட் டேவிஸ் சிமோன் கேமரூன் மூர் , மெய் சூ , லிஸ் லீ , கிங் அல் சுல்தான் அப்துல்லா , குவாலா லம்பூர் ஸ்டாக் பரிமாற்றம் , ஒன்றுபட்டது மலாய்க்காரர்கள் தேசிய ஆர்கநைஸேஶந் , தென்கிழக்கு ஆசிய , ப்ரைம் அமைச்சர் , சிமோன் கேமரூன் மூர் ,

New investor agrees to inject up to US$100mil into AirAsia's Thai unit


as part of a restructuring plan proposed by parent company Asia Aviation PCL , a Tuesday filing said.
The investor will provide the amount via an interest-free convertible loan or bond, an Asia Aviation filing posted by AirAsia on the Kuala Lumpur Stock Exchange showed.
Asia Aviation said it had not been able to mitigate the effects of the COVID-19 pandemic, and did not consider the situation to be returning to normal.
In order to continue its operation steadily and effectively , it had contacted an investor at the beginning of year to seek support in increasing the company s short-, medium- and long-term liquidity, the filing said. ....

Kuala Lumpur , Liz Lee , Kirsten Donovan , Kuala Lumpur Stock Exchange , Thai Airasia , Airasia Group Bhd , Airasia Group , Asia Aviation , Corporate News , Airasia Thai , குவாலா லம்பூர் , லிஸ் லீ , கர்ஸ்டந் டொநொவந் , குவாலா லம்பூர் ஸ்டாக் பரிமாற்றம் , ஆசியா விமான போக்குவரத்து , விமான போக்குவரத்து , பெருநிறுவன செய்தி ,