Economics

Malaysia Picks Bank CEO as Finance Minister in New Cabinet

New cabinet must balance the interests of opposing factions
Zafrul will oversee the 20-billion ringgit stimulus package

Malaysia Picks CIMB CEO Zafrul as New Finance Minister

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By Anisah Shukry and Yantoultra Ngui

March 9, 2020 at 9:26 AM UTC

Updated on

March 9, 2020 at 10:18 AM UTC

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Malaysia’s prime minister picked the head of one the country’s main banks as his new finance minister Monday amid heightened global risks and domestic policy uncertainty.