Anwar bin Ibrahim has been appointed as the 10th Prime Minister of Malaysia.

The 75-year-politician and statesman is the leader of the Pakatan Harapan (PH) coalition.

A statement by the national palace said Ibrahim will be sworn in at 5:00 p.m. local time.

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It noted that Malaysia needs a stable government that will reinvigorate the economy and national development.

The country had been in political stalemate following the results of the November 19 general polls.

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No political coalition or party won enough seats in the lower house of parliament to form a government.

The King, Sultan Abdullah Sultan Ahmad Shah intervened and met with the heads of major coalitions for an amicable solution.

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Anwar, whose coalition emerged the biggest winner with 82 seats, was subsequently named the new PM

The social justice and equality advocate will now form a new government for the Southeast Asian nation.