Malaysia’s central bank governor tenders resignation

Malaysia’s central bank governor Muhammad Ibrahim has submitted his resignation, said Prime Minister Mahathir Mohamad on Wednesday (Jun 6).

It was reported on Tuesday that Malaysia was discussing the exit terms of the Bank Negara governor, who had finished less than half of the five-year term he began in May 2016.

No decision has been made yet on a successor, but two sources told Reuters on Tuesday that former deputy central bank governor Nor Shamsiah Mohd Yunus, who left the bank when her term ended in November 2016, was among candidates being considered.

“We have not decided on his successor because we need to have the approval of the Agong before we can announce,” Dr Mahathir told a news conference after the weekly Cabinet meeting, adding that he plans to meet the king “as soon as possible” for further discussions on the matter.

According to Dr Mahathir, no concrete reason was given by Muhammad Ibrahim for his resignation.

Dr Mahathir also said that the new Malaysian government’s first parliament sitting will be held on Jul 16.

A Harvard University graduate, Muhammad was appointed as governor in May 2016 following the retirement of long-serving governor Zeti Akhtar Aziz.

Muhammad joined the bank in 1984 and rose to become the deputy governor in 2010 before assuming the top spot.

Muhammad graduated from the Harvard Kennedy School from its Masters in Public Administration programme in 1993. He also completed the Advanced Management Programme at Harvard Business School in 2010.


its all about the 1MDB..

“According to Dr Mahathir, no concrete reason was given by Muhammad Ibrahim for his resignation.”



~ by seeker401 on June 12, 2018.

One Response to “Malaysia’s central bank governor tenders resignation”

  1. when are they going after ANZ Bank?

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: