ANWAR Ibrahim's sheer presence as Prime Minister has reset Malaysia back to May 21 2022 as far as the Ringgit is concerned as the currency has fought back from a low of RM4.75 to the US Dollar to RM4.39 currently.
THAT'S a good start, but further easing of the currency will likely only take place if there is a massive shakedown in Malaysia's sovereign wealth funds, namely Khazanah Nasional and Permodalan Nasional Bhd.
You can shake me for a whileLive it up in styleNo matter what you doI'm comin' after you
Shakedown, breakdown, takedownEverybody wants into the crowded lightBreakdown, takedown, your busted
COME Monday, Anwar Ibrahim will likely have Azmin Ali's head removed in Khazanah Nasional Bhd, to be replaced most likely by Rafizi Ramli.
ONE can also expect massive changes to take place in Permodalan Nasional Bhd as well. For now , the PM will likely opt to keep Ismail Sabri, who by convention should have quit Khazanah Nasional when he lost the Prime Ministership to Anwar on the board of Khazanah Nasional as a goodwill gesture.