Muhyiddin Yassin

“The MACC confirms that it has arrested [Muhyiddin] at 1.00pm at the MACC Putrajaya headquarters," the anti-corruption body said.

"A good relationship makes it easier for a natural flow of economic activity": Manu Bhaskaran of Centennial Asia Advisors.

Investors were cautious after the announcement, with the ringgit and the country’s main stocks index declining on Tuesday.

Muhyiddin was also careful to emphasize that Malaysia remained open for business during the state of emergency.

The MCO will last for 14 days beginning from Jan 13 to Jan 26.

If Muhyiddin's budget is defeated in parliament, his government will collapse, potentially triggering a General Election.

Mahathir commented that this is “not the first time” his former deputy has claimed that he has majority support.

Cross border travel has been restricted since March

While Low has denied wrongdoing, he and his family last year dropped their defense of the forfeiture lawsuits that have been pending in federal court in Los Angeles, which has allowed the government to seize more than US$700 million in assets.

Malaysia has announced yet another stimulus package to combat the effects of Covid-19, but is it enough?