Tengku Razaleigh Hamzah, however, notes that progress on Prime Minister Anwar Ibrahim’s reform agenda has been slow.
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NewsTranscript
00:00 Despite economic challenges, PKR President Anwar Ibrahim has fared quite well as Prime
00:07 Minister, according to UMNO veteran Tengku Razali Hamzah.
00:11 The former Guamusang MP said Anwar's biggest challenge remains managing the economy, which
00:16 has been hampered by a depreciating ringgit and rising inflation.
00:20 The cost of living has gone up.
00:22 Even in rural areas where you have to import barang, you know, see by constituency Guamusang,
00:29 you have to buy things from here and bring to Guamusang, costs a lot of money.
00:34 And they feel it.
00:36 In February, the ringgit slid to 4.8 against the US dollar, the lowest since the Asian
00:41 financial crisis.
00:42 However, last Tuesday, Anwar told the Global Forum on Islamic Economics and Finance that
00:48 the exchange rate had recovered to a good level at 4.69 ringgit, thanks to an improving
00:53 economy.
00:54 Separately, Tengku Razali also noted that the Anwar administration has been criticized
00:59 for the slow pace of reforms.
01:01 He contended that the slow pace may be because many of the proposed reforms require deep
01:05 analysis.
01:06 You really have to talk to people, you have to really understand the problem, why it is
01:13 like that, you know.
01:15 And if you want to reform, having a new, new approaches, you really have to make sure that
01:25 those new approaches cover all those problems.
01:30 Danish Rajareza, FMT News.
01:32 (dramatic music)