Don’t miss the latest developments in business and finance.

Malaysian Election

The billionaire sultan who rules Malaysia's Johor state was sworn in as the nation's new king Wednesday under a unique rotating monarchy system. Sultan Ibrahim Iskandar, 65, took his oath of office at the palace and signed the instrument of the proclamation of office in a ceremony witnessed by other royal families, Prime Minister Anwar Ibrahim and Cabinet members. A coronation ceremony will be held later. One of the richest men in the country, Sultan Ibrahim has an extensive business empire ranging from real estate to telecoms and power plants. The candid monarch has close ties with Anwar and his rule could bolster Anwar's unity government, which faces a strong Islamic opposition. Nine ethnic Malay state rulers have taken turns as king for five-year terms under the world's only such system since Malaysia gained independence from Britain in 1957. Malaysia has 13 states but only nine have royal families, some that trace their roots to centuries-old Malay kingdoms that were independent

Updated On: 31 Jan 2024 | 10:25 AM IST

Muhyiddin has a razor-thin majority in parliament and has already hinted at polls to win a stronger mandate.

Updated On: 24 Sep 2020 | 2:00 AM IST

His then-ruling alliance had suffered a series of by-election losses, stunting its momentum after a historic election win in 2018 against a government in power for six decades

Updated On: 03 Mar 2020 | 2:03 AM IST

By unseating Prime Minister Najib Razak, and handing his Barisan Nasional coalition its first loss of power in six decades, Malaysians have sent a clear and optimistic message: Corruption matters.

Updated On: 10 May 2018 | 4:49 PM IST