REUTERS – Malaysia's Anwar Ibrahim is expected to start discussions on forming his cabinet on Friday as he begins work as prime minister at a challenging time, with the economy slowing and the country deeply split after a close election.
Anwar, 75, was sworn in as premier on Thursday, capping a three-decade political journey from a protege of veteran leader Mahathir Mohamad to protest leader, a prisoner convicted of sodomy and opposition figurehead.
Anwar, who was appointed by Malaysia's king following an inconclusive election, said that the people of Malaysia had long been awaiting change.
"We will never compromise on good governance, the anti-corruption drive, judicial independence and the welfare of ordinary Malaysians," he said late on Thursday.
Anwar's appointment ends five days of unprecedented post-election crisis but could usher in further instability with his rival, former prime minister Muhyiddin Yassin, challenging him to prove his majority in parliament.
Both men's coalitions failed to win a majority in Saturday's election, but Malaysia's constitutional monarch, King Al-Sultan Abdullah, appointed Anwar after speaking to several lawmakers.
The campaign pitted Anwar's progressive, multi-ethnic coalition against Muhyiddin's mostly conservative ethnic-Malay, Muslim alliance.
Anwar had previously been denied the premiership despite getting within striking distance over the years. In between, he spent nearly a decade in jail for sodomy and corruption in what he says were politically motivated charges.
The uncertainty over the election had threatened to exacerbate instability in Malaysia, which has had three prime ministers in as many years, and also risked delaying policy decisions needed to foster economic recovery.
Markets surged on Thursday on the end of political deadlock, but investors will be monitoring how Anwar manages the aftermath of the election.
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