Malaysia in 2024: From reformasi to reformati

In early 2024, Malaysian Prime Minister Anwar Ibrahim faced political turmoil after the opposition Perikatan Nasional (PN), led by Parti Islam Malaysia (PAS), dominated the August 2023 state elections, weakening his Unity Government. Rumors of a “Dubai move” to oust him intensified concerns. However, by year-end, Anwar secured a two-thirds parliamentary majority. Anwar’s strengthened position was primarily due to defections from Perikatan Nasional (PN) and the opposition’s internal chaos, marked by infighting. The PN leader’s sudden resignation and retraction significantly undermined the opposition’s cohesion and effectiveness.

Malaysia’s economy grew by 5.1% in 2024, surpassing prior performance. Anwar’s government tackled long-standing issues with fuel subsidy and pension reforms and resolved Sarawak’s dispute with Petronas, recognizing Sarawak as the gas aggregator while preserving Petronas’ LNG rights.

Globally, Anwar championed Palestine and elevated Malaysia’s diplomatic profile, marking 50 years of Malaysia-China ties, assuming the 2025 ASEAN chairmanship, and finalizing the Johor-Singapore Special Economic Zone. These successes strengthened Anwar’s leadership and Malaysia’s economic and international standing.