November 28, 2022: On Thursday, Long-time Malaysian statesman Anwar Ibrahim was sworn in as the country’s recent P.M. following the Southeast Asian nation’s palace appointment with the opposition leader, ending a protracted election deadlock.

Making history, the appointment caps over a 20-year wait for the former deputy P.M, who has been the resistance leader for two decades between jail terms and political coups.

After a meeting with state rulers and with the Malaysian constitution, the king made Anwar the Southeast Asian nation’s 10th prime minister. Anwar was made just after 5 p.m. local time.

“Those who have been successful have not won everything and are losing, have not completely been lost. I ask that you stand for our beloved country,” the king added.

“It is unfair that the country is burdened with a situation that does not end. Our country needs strong and stable administration to build the nation and strengthen the economy.”

He has followed elected members of parliament serving the nation well and is extending gratitude to state the rulers for their assistance and insights toward resolving the crisis.

Social media erupted as they conveyed “tahniah”, or congratulations, to Anwar. Following the king’s decision, others are writing “Daulat Tuanku” or “long live” on Facebook and Twitter.

Some netizens added that they were “closing” or “leaving the office early” to see the swearing-in at Istana Negara, the royal palace.

“It’s about damn time,” one person tweeted. Others said they and their parents had witnessed Anwar’s political areas and cried over his appointment.

Anwar was deputy to ex-prime minister Mahathir Mohamad in the 1990s before imprisonment for corruption and sodomy.

Malaysia-listed products were in the green ahead of the information but took one more leg higher following, with the benchmark KLCI index up almost 4%, its highest in over two months.

Telecommunications group Axiata Group Bhd is among the top gainers, sitting over 12% higher as rubber glove maker Top Glove climbed almost 8%. Genting Malaysia increases by nearly 8%.

The Malaysian ringgit also increased more than a per cent to 4.5080 against the greenback.

Malaysia’s election on Saturday produced the nation’s first hung parliament, which prompted the king to ask which leads coalitions to present their alliances to form an administration and nominate their preferred prime minister on Tuesday.

But Tuesday’s summit yielded no results. Instead, chaos ensued within kingmaker coalitions like Barisan Nasional over which leading union they would support.