Was Abdullah’s announcement that he would not be defending the Umno presidency due to the BN’s poor electoral performance? Or did it have more to do with flagging investor sentiment, which sparked a huge outflow of portfolio investments in the second quarter?
That was something I mulled over when writing this article for IPS:
It took exactly seven months after a severe general electoral setback for Prime Minister Abdullah Badawi to announce that he would not be defending the presidency of the dominant party in the ruling coalition in party polls next year.
The announcement, when it finally came Wednesday, appears to pave the way for his deputy Najib Razak to take over the helm of the United Malays National Organisation (UMNO) — and the premiership. UMNO had earlier postponed its party polls from December to March as part of a controversial transition plan between Abdullah and Najib. Full article here.