RE-FOR-MA-SI, RE-FOR-MA-SI – this was the rallying cry of Malaysians exactly a month ago as the unexpected, as far as the outcome of the 14th Malaysian general election was concerned, occurred, to the extent what was a surprise election result was not a surprise on Bursa Malaysia, well at least as far as the first few trading days were concerned.
Pakatan Harapan’s promise of “reformasi” of course refers to its election manifesto, which among others include the clear separation of powers between the legislative, executive and judiciary. Separating the role of the Prime Minister (PM) and Finance Minister (I am sure many of you have not heard of a CEO who is also a CFO) while empowering Parliament with more authority as key institutions of the government will likely report to the August House instead of the PM. The new Pakatan government also expects to provide to the media, universities, as well as civil societies greater freedom of speech as it promises to remove certain restrictive laws.
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