Yesterday, Mahathir had made clear that if PH does not join his unity government, his party Bersatu would nominate Muhyiddin Yassin for prime minister.
He emphasized that Muhyiddin has no qualm to accept UMNO MPs en bloc in his government. This implies that even UMNO MPs who are currently facing criminal charges, such as Zahid and Najib, will be back in power.
On the other hand, if PH were to choose to join his unity government, he would still be admitting UMNO MPs in his unity government but on a more discretionary manner. For more, go here.
This is a desperate move by Mahathir, which simply means that he is not only losing his plot but also losing in the Game of Thrones. A Mahathir on the verge of defeat is a very dangerous man. He is now on the verge of bringing on a constitutional crisis. For more, go here.
Our market will likely come under tremendous selling pressure due to the uncertainties from slowing economic growth, Covid-19 and now a potential political crisis of epic proportion. It is advisable to stay at the sideline until the strong headwind has blown over.
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