'Retention of Zafrul, Tok Pa indicates tabling of 12MP, Budget 2022 on track'

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The main positive for the economy from the new cabinet line-up is the retentions of Finance Minister Tengku Zafrul Abdul Aziz and Minister in the Prime Minister's Department (Economy) Mustapa Mohamed, according to Maybank Investment Bank Bhd (Maybank IB).Its chief economist Suhaimi Ilias said the retentions of these two ministers indicated that the tablings of the 12th Malaysia Plan (12MP) and Budget 2022 at the Parliament are on track.Earlier, it was reported that the 12MP is expected to be tabled in Parliament on Sept 20, 2021, with Budget 2022 on Oct 29, 2021.“Further, the agreement between government and opposition to co-operate on tackling the pandemic and economic recovery should greatly reduce political instability and policy uncertainty, at least until the next general election,” he said in a note today.Prime Minister Ismail Sabri Yaakob announced his new cabinet l…