Berliner Boersenzeitung - Malaysia installs outspoken motorcycle-riding king

EUR -
AED 3.850348
AFN 71.723895
ALL 98.294224
AMD 409.351011
ANG 1.894111
AOA 956.029757
ARS 1055.883554
AUD 1.619223
AWG 1.889522
AZN 1.777975
BAM 1.955088
BBD 2.121928
BDT 125.584292
BGN 1.955092
BHD 0.395156
BIF 3104.769976
BMD 1.048278
BND 1.415085
BOB 7.262391
BRL 6.093018
BSD 1.050918
BTN 88.586758
BWP 14.337782
BYN 3.439348
BYR 20546.257908
BZD 2.118429
CAD 1.474351
CDF 3009.607446
CHF 0.928639
CLF 0.037143
CLP 1024.902007
CNY 7.602168
CNH 7.614606
COP 4616.408703
CRC 537.009671
CUC 1.048278
CUP 27.779379
CVE 110.224882
CZK 25.280074
DJF 187.141887
DKK 7.458608
DOP 63.357545
DZD 140.37812
EGP 52.030461
ERN 15.724177
ETB 131.513834
FJD 2.3852
FKP 0.827424
GBP 0.833727
GEL 2.861712
GGP 0.827424
GHS 16.499995
GIP 0.827424
GMD 74.427574
GNF 9055.704052
GTQ 8.111048
GYD 219.869975
HKD 8.157336
HNL 26.580326
HRK 7.477642
HTG 137.931114
HUF 410.474365
IDR 16692.262133
ILS 3.819759
IMP 0.827424
INR 88.418148
IQD 1376.698932
IRR 44119.425234
ISK 145.102983
JEP 0.827424
JMD 165.9496
JOD 0.74354
JPY 159.908067
KES 136.097678
KGS 90.989726
KHR 4218.50486
KMF 491.589818
KPW 943.450221
KRW 1463.585741
KWD 0.322524
KYD 0.875781
KZT 524.74901
LAK 22997.629698
LBP 94111.946668
LKR 306.038613
LRD 188.641341
LSL 19.016379
LTL 3.095294
LVL 0.634093
LYD 5.142128
MAD 10.535166
MDL 19.20601
MGA 4907.213952
MKD 61.519065
MMK 3404.767562
MNT 3562.050167
MOP 8.423934
MRU 41.801185
MUR 49.090767
MVR 16.195629
MWK 1822.336736
MXN 21.683886
MYR 4.673751
MZN 66.979036
NAD 19.016379
NGN 1768.980499
NIO 38.675923
NOK 11.709171
NPR 141.738412
NZD 1.788552
OMR 0.403573
PAB 1.050923
PEN 3.965757
PGK 4.236458
PHP 61.717921
PKR 292.004421
PLN 4.305106
PYG 8201.015128
QAR 3.831805
RON 4.976495
RSD 116.991014
RUB 110.593948
RWF 1447.97299
SAR 3.938531
SBD 8.795675
SCR 14.277076
SDG 630.536598
SEK 11.519428
SGD 1.411874
SHP 0.827424
SLE 23.796749
SLL 21981.88023
SOS 600.58141
SRD 37.114327
STD 21697.247753
SVC 9.195653
SYP 2633.830942
SZL 19.022077
THB 36.377322
TJS 11.229313
TMT 3.679457
TND 3.320991
TOP 2.455176
TRY 36.326625
TTD 7.145399
TWD 34.079245
TZS 2772.696661
UAH 43.665607
UGX 3893.582877
USD 1.048278
UYU 44.7837
UZS 13467.098465
VES 48.949441
VND 26641.99718
VUV 124.453726
WST 2.926365
XAF 655.718342
XAG 0.034415
XAU 0.000397
XCD 2.833025
XDR 0.803907
XOF 655.718342
XPF 119.331742
YER 261.991017
ZAR 19.065568
ZMK 9435.766903
ZMW 28.979453
ZWL 337.545238
  • SCS

    -0.1800

    13.54

    -1.33%

  • BCC

    -4.0900

    148.41

    -2.76%

  • CMSD

    -0.1500

    24.43

    -0.61%

  • CMSC

    -0.1600

    24.57

    -0.65%

  • JRI

    -0.1300

    13.24

    -0.98%

  • RIO

    -0.9500

    62.03

    -1.53%

  • BCE

    -0.3900

    26.63

    -1.46%

  • RBGPF

    60.1000

    60.1

    +100%

  • NGG

    -0.4300

    62.83

    -0.68%

  • GSK

    -0.1300

    34.02

    -0.38%

  • BTI

    0.3800

    37.71

    +1.01%

  • RYCEF

    -0.0200

    6.78

    -0.29%

  • BP

    -0.3600

    28.96

    -1.24%

  • AZN

    -0.0400

    66.36

    -0.06%

  • RELX

    0.2400

    46.81

    +0.51%

  • VOD

    -0.0500

    8.86

    -0.56%

Malaysia installs outspoken motorcycle-riding king
Malaysia installs outspoken motorcycle-riding king / Photo: MOHD RASFAN - POOL/AFP

Malaysia installs outspoken motorcycle-riding king

Malaysia installed an outspoken motorcycle-riding king on Wednesday in an elaborate ceremony steeped in centuries of tradition, with the billionaire determined to play a key role in ensuring political stability.

Text size:

Sultan Ibrahim Sultan Iskandar's new position is largely ceremonial but has in recent years featured heavily in the country's fractured political landscape.

In addition to overseeing major political appointments, the king serves as the official head of Islam in the Muslim-majority country and commander-in-chief of its armed forces.

Bloomberg estimates Sultan Ibrahim and his family, rulers of southern Johor state, are worth at least $5.7 billion, including land in Singapore and investments in various companies including in palm oil, real estate and telecommunications.

Wearing royal blue ceremonial attire, the 65-year-old on Wednesday took the oath of office in a traditional ceremony at the national palace in the capital Kuala Lumpur.

"With this oath, I solemnly and truly profess to be faithful, to rule fairly for Malaysia in accordance with the laws and the constitution," Sultan Ibrahim said during a nationally televised event attended by Prime Minister Anwar Ibrahim and other ruling elite.

Sultan Ibrahim was chosen last year by the country's royalty to be the next head of state, and a coronation ceremony will be held in several months.

Malaysia is a constitutional monarchy, with a unique arrangement that sees the throne change hands every five years between the rulers of nine Malaysian states headed by centuries-old Islamic royalty.

But while chiefly ceremonial, the position of king has in recent years played an increasingly important role.

Royal intervention has been needed to name prime ministers three times following the collapse of governments and a post-election hung parliament in recent years.

In an interview with Singapore's The Straits Times in December, Ibrahim said he was not keen on becoming a "puppet king".

"There're 222 of you (lawmakers) in Parliament. There're over 30 million (population) outside. I'm not with you, I'm with them," he was quoted as saying in the broadsheet.

"I will support the government, but if I think they are doing something improper, I will tell them."

The king also wields the power to pardon. In 2018, Sultan Muhammad V, one of Ibrahim's predecessors, pardoned Anwar, who had served a jail sentence for sodomy.

- Religious moderate -

The role of king in Malaysia carries considerable prestige, particularly among the country's Malay Muslim majority.

Criticism deemed to incite contempt of the king can result in jail time.

Sultan Ibrahim, who is of Malay-British descent, belongs to the wealthy and powerful Johor royal family, the head of which commands a small private army.

He has a close relationship with Anwar and has been outspoken about Malaysian politics and corruption.

Sultan Ibrahim is seen as a religious moderate. In 2017, he ordered a laundrette owner to apologise for allegedly discriminating against non-Muslims.

Married with six children, he has in the past made annual trips around Johor on a Harley-Davidson motorcycle, handing out charity to the poor.

He also has significant business interests, including a stake in Forest City, a $100 billion development project off the coast of Johor.

The social media-savvy king has a vast collection of luxury and sports cars as well as private jets. He also plays polo and is an army, navy and air force officer who studied abroad in the United States.

The last time a Johor sultan became king was 39 years ago when Sultan Ibrahim's father, Sultan Iskandar was proclaimed Malaysia's eighth king in 1984.

(Y.Berger--BBZ)