Berliner Boersenzeitung - Malaysia installs outspoken motorcycle-riding king

EUR -
AED 4.100926
AFN 76.44436
ALL 98.841689
AMD 432.640834
ANG 2.012366
AOA 1041.754303
ARS 1078.820915
AUD 1.628227
AWG 2.009714
AZN 1.901179
BAM 1.952081
BBD 2.254505
BDT 133.435781
BGN 1.950673
BHD 0.420633
BIF 3237.731546
BMD 1.116508
BND 1.435066
BOB 7.715335
BRL 6.126393
BSD 1.116573
BTN 93.389313
BWP 14.615482
BYN 3.654138
BYR 21883.553943
BZD 2.250732
CAD 1.502702
CDF 3199.354734
CHF 0.948474
CLF 0.037008
CLP 1021.158785
CNY 7.848826
CNH 7.848375
COP 4656.005228
CRC 578.303409
CUC 1.116508
CUP 29.587458
CVE 110.056309
CZK 25.15369
DJF 198.84295
DKK 7.457197
DOP 66.952444
DZD 147.584889
EGP 54.20523
ERN 16.747618
ETB 133.161201
FJD 2.445823
FKP 0.850287
GBP 0.835243
GEL 3.042471
GGP 0.850287
GHS 17.583115
GIP 0.850287
GMD 76.479109
GNF 9645.623374
GTQ 8.631555
GYD 233.567105
HKD 8.691461
HNL 27.738154
HRK 7.591149
HTG 147.389197
HUF 395.354877
IDR 16921.793038
ILS 4.178949
IMP 0.850287
INR 93.313705
IQD 1462.713271
IRR 46996.604911
ISK 150.695537
JEP 0.850287
JMD 174.866848
JOD 0.791159
JPY 161.268955
KES 144.040758
KGS 94.009898
KHR 4536.397986
KMF 493.440337
KPW 1004.856436
KRW 1487.947427
KWD 0.340871
KYD 0.930548
KZT 534.107215
LAK 24656.246305
LBP 99991.745751
LKR 335.929994
LRD 216.619242
LSL 19.222677
LTL 3.296758
LVL 0.675364
LYD 5.303895
MAD 10.782953
MDL 19.434409
MGA 5037.447885
MKD 61.473107
MMK 3626.373958
MNT 3793.893638
MOP 8.955718
MRU 44.147287
MUR 50.957846
MVR 17.149303
MWK 1935.839108
MXN 21.859493
MYR 4.612314
MZN 71.288861
NAD 19.222677
NGN 1838.095984
NIO 41.091713
NOK 11.743335
NPR 149.421326
NZD 1.773427
OMR 0.429822
PAB 1.116583
PEN 4.204889
PGK 4.436587
PHP 62.491196
PKR 310.218778
PLN 4.267151
PYG 8702.420343
QAR 4.070445
RON 4.974821
RSD 117.087985
RUB 101.882267
RWF 1514.128877
SAR 4.189134
SBD 9.27788
SCR 14.094815
SDG 671.583251
SEK 11.327081
SGD 1.436449
SHP 0.850287
SLE 25.509193
SLL 23412.605708
SOS 638.184146
SRD 34.00269
STD 23109.458362
SVC 9.770473
SYP 2805.259408
SZL 19.209403
THB 36.457886
TJS 11.886208
TMT 3.907777
TND 3.373373
TOP 2.614971
TRY 38.094575
TTD 7.597593
TWD 35.627208
TZS 3036.901156
UAH 46.043591
UGX 4123.144677
USD 1.116508
UYU 47.030819
UZS 14241.99403
VEF 4044608.356992
VES 41.047495
VND 27460.510674
VUV 132.554056
WST 3.123389
XAF 654.715515
XAG 0.035038
XAU 0.00042
XCD 3.017418
XDR 0.826026
XOF 654.709662
XPF 119.331742
YER 279.459485
ZAR 19.2141
ZMK 10049.905461
ZMW 29.617706
ZWL 359.515074
  • CMSC

    0.0300

    25.13

    +0.12%

  • RYCEF

    0.0000

    7.07

    0%

  • CMSD

    -0.0860

    25.034

    -0.34%

  • RELX

    -0.0550

    48.475

    -0.11%

  • NGG

    0.0800

    70.19

    +0.11%

  • SCS

    -0.1050

    13.015

    -0.81%

  • RBGPF

    -0.6200

    59.48

    -1.04%

  • RIO

    0.4150

    67.835

    +0.61%

  • GSK

    -0.1350

    40.845

    -0.33%

  • VOD

    0.0150

    10.105

    +0.15%

  • JRI

    -0.0300

    13.39

    -0.22%

  • BCE

    -0.2660

    34.864

    -0.76%

  • BTI

    -0.0850

    38.015

    -0.22%

  • BCC

    -2.4400

    139.34

    -1.75%

  • AZN

    0.5400

    77.41

    +0.7%

  • BP

    -0.9200

    31.91

    -2.88%

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)