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trc20怎么转换erc20:Time for Malaysia to shine

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The new government will have a full plate as to the focus areas that it needs to manage: rising cost of living and inflationary pressure, as well as low wage structure. – Bernamapic

TODAY is D-Day. The day we decide who and how Malaysia will be governed over the next five years as some 21.2 million Malaysians will decide the future of the nation in a democratic process to elect 221 Members of Parliament (MPs).

The coalition with the highest number of seats, be it with at least 112 seats – technically, this could also be 111 seats due to the deferment of an election for the Padang Serai Parliamentary seat – or having the majority by allying with other political parties, will form the new government.

Within the next 24 hours, Malaysia will see the formation of a new government and a new prime minister.

Whether it is the incumbent prime minister or anyone else, the people would have spoken via the ballot box and the new government will now be given the mandate to chart Malaysia’s journey into the future, specifically for the next five years.

Who will be in the Cabinet?

Once the new prime minister is sworn in, the first order of the day is for the prime minister to select among members of his team to form the Cabinet.

For investors and the market, the key positions are of course the Finance Ministry, the powerful Home Ministry, Education, Defence, Health, International Trade and Industry, Foreign Affairs, Domestic Trade and Consumer Affairs, Communication and Multimedia, Transport, Housing and Local Government, to name a few.

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The Malaysian Cabinet is seen as bloated by international standards and this would be a good time to consolidate a few ministries into one larger ministry and reduce the size of the Cabinet to a more decent size.

15th Parliament and Budget 2023

The newly formed government’s main agenda once the Cabinet is formed is to call the first meeting of the first session of the 15th Parliament.

As we are aware, the 14th Parliament was dissolved right after the tabling of Budget 2023 on Oct 7, 2022, and it is likely that among the first agenda of the new government would be to table Budget 2023.

Whether it is going to be the same Budget 2023 that was tabled a little over a month ago or otherwise, it will largely depend on the new government as it may want to incorporate some of the promises that it has made in its election manifesto.

At the same time, it is also hoped that the re-tabling of Budget 2023 may take into consideration feedback received from various stakeholders as well as current economic conditions and may even introduce new measures, especially related to those boosting our tax revenue, to fill the gap left by the huge budget deficit envisaged when Budget 2023 was tabled.

It is also hoped that the new Finance Minister will put on record a proper classification of debt repayment that was originally placed under development expenditure.

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