DIRS.INFO The most relevant business & tech news

☆ Malaysia's new king has a $5.7B family fortune. Here's how he spends his money.
▼ + stars: | 2024-02-02 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

Sultan Ibrahim Iskandar, 65, was declared king on Wednesday as part of the country's rotating monarchy. King Sultan Ibrahim Iskandar of Johor is photographed with his sister, Queen Tunku Azizah Aminah Maimunah Iskandariah, after his accession was announced in October 2023. MOHD RASFAN/AP ImagesSultan Ibrahim is head of the Johor royal family and is considered one of the country's wealthiest men. In May 2023, a video posted to the Johor royal family's TikTok account showed them dining at Istanbul Turkish Cuisine, a reservations-only restaurant in Horizon Hills, Johor. King of Malaysia Sultan Ibrahim Iskandar (right) speaks with Malaysia's Prime Minister Anwar Ibrahim (left) after the oath-taking ceremony.

Persons: Sultan Ibrahim Iskandar, King Sultan Ibrahim Iskandar, Tunku Azizah Aminah, Iskandariah, MOHD RASFAN, Sultan Ibrahim, Sultan Ibrahim isn't, Ferrari Testarossa, HASNOOR HUSSAIN, Adolf Hitler, Hitler, Harley, Davidson, Tunku Ismail, Crown, Prince, of, of Malaysia Sultan Ibrahim Iskandar, Anwar Ibrahim, Abdullah Ahmad Shah, Mahathir Mohamad Organizations: Bloomberg, Facebook, Getty, Mercedes, YouTube, Boeing, Guardian, U Mobile, Maharani Energy, Johor Darul, The Straits Times, Malaysian, Malaysia's Locations: Malaysia, Malaysia's, Johor, Malaysian, Kuala Lumpur, India, Istanbul Turkish, Horizon Hills, Johor Darul Ta'zim, Singapore, Forest, Manhattan, of Malaysia Sultan

☆ Malaysia's new king is a billionaire with a collection of 300 luxury cars, his own private army, and family ties to Hitler
▼ + stars: | 2024-01-31 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

Malaysia has a new billionaire king who has his own army, a fleet of private jets, and 300 luxury cars, including one apparently gifted by Adolf Hitler. King of Malaysia Sultan Ibrahim Iskandar (right) speaks with Malaysia's Prime Minister Anwar Ibrahim (left) after the oath-taking ceremony. AdvertisementAccording to Bloomberg, the Johor family is worth an estimated $5.7 billion. In a resurfaced 2013 interview posted to YouTube in 2017, Sultan Ibrahim said Hitler was a friend of his great-grandfather. AdvertisementSultan Ibrahim's wife, Raja Zarith Sofiah, is from another royal family, an Oxford graduate, and a children's books author, according to the Associated Press.

Persons: Adolf Hitler, Sultan Ibrahim Iskandar, Malaysia Sultan Ibrahim Iskandar, Anwar Ibrahim, MOHD RASFAN, Sultan Ibrahim —, Yang di, Pertuan, Sultan Ibrahim, Hitler, Harley, Sultan Ibrahim's, HASNOOR HUSSAIN, couldn't, Mahathir Mohamad, Mohamad, Raja Zarith Sofiah Organizations: Malaysia's, Singapore Straits Times, Business, Bloomberg, Ferrari, Getty, Reuters, U Mobile, ABC News, YouTube, Davidson, Guardian, Sydney Morning Herald, Associated Press Locations: Malaysia, Malaysia Sultan, Johor, Singapore, Great Britain, England, Kuala Lumpur, Malaysian, Oxford

☆ Malaysia PM vows to recover Goldman Sachs 1MDB settlement, warns of possible lawsuits
▼ + stars: | 2023-08-21 | by ( Clement Tan | ) www.cnbc.com time to read: +8 min

Nurphoto | Nurphoto | Getty ImagesMalaysia's Prime Minister Anwar Ibrahim has vowed to recover the money Malaysians are owed from the 1MDB money laundering scandal, and says he hasn't ruled out the possibility of a lawsuit against Goldman Sachs. Anwar said Malaysian agencies were still in talks with Goldman Sachs, though ongoing discussions are "a bit complex." Asked to comment on Anwar's interview, Goldman Sachs referred CNBC to its second quarter earnings statement. It remains to be seen what would come out of the standoff between Malaysia and Goldman Sachs. "No one can deny the fact that Goldman Sachs was used, and partly used the authorities," Anwar said in his interview.

Persons: Malaysia's, Anwar Ibrahim, Malaysia's King, hasn't, Goldman Sachs, Anwar, CNBC's Martin Soong, Goldman, Muhyiddin Yassin, I've, —, Mahathir Mohamad, Anwar Malaysia's, Anwar's Pakatan, Najib Razak, Muhyiddin, Islam that's Organizations: Nurphoto, Getty, Malaysia's, 1Malaysia, Malaysia, CNBC, of, Malaysian, Barisan Nasional, Barisan, Perikatan Nasional coalition, Islamic, Malay Locations: Kuala Lumpur, Putrajaya, Malaysia, Malaysian, Anwar Ibrahim Malaysia, U.S, of Malaysia, United States, Malay, Federal

☆ The mystery of MH370 remains 9 years later — here are all the theories, dead ends, and unanswered questions from the most bizarre airline disaster of the century
▼ + stars: | 2023-03-14 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +15 min

The theories so farA new Netflix documentary about the plane, "MH370: The Plane That Disappeared," was released in March 2023. The show's director called the plane's disappearance "the greatest aviation mystery of all time." But the July 2018 report had offered evidence against the idea that it was a deliberate act by the crew. But Australia's former prime minister, Tony Abbott, said in 2020 that the plane's disappearance was "almost certainly murder-suicide by the pilot." But the 2018 report said there was no technology on the plane that would allow control to be taken from the pilots remotely.

☆ Malaysia PM Anwar eyes targeted subsidies for low-income groups
▼ + stars: | 2022-11-27 | by ( ) www.reuters.com time to read: +2 min

KUALA LUMPUR, Nov 27 (Reuters) - Malaysia is reviewing its government subsidies programme, aiming to direct money toward low-income groups, Prime Minister Anwar Ibrahim said on Sunday, prioritising the rising cost of living as he takes office at a time of slowing growth. Government agencies have two weeks to review the implications of narrowing the subsidies, he told a news conference. Malaysia offers subsidies to all citizens, with fuel and cooking oil accounting for the biggest expense. Malaysia is estimated to spend a record 77.7 billion ringgit ($17.4 billion) this year on subsidies. Anwar said on Friday he would have a smaller cabinet than those of previous administrations.

☆ Morning Bid: Hangover
▼ + stars: | 2022-11-25 | by ( Vivek Mishra | ) www.reuters.com time to read: +1 min

The yield on 10-year Treasury notes fell more than five basis points to an eight-week low of 3.65%. COVID and inflation kept a cap on things elsewhere - with core consumer prices rising at their fastest clip in 40 years in Tokyo truly a sign that inflation is everywhere. China on Friday reported another record high of daily COVID-19 infections and the Hang Seng (.HSI) slipped 0.7%. Consumer confidence surveys in France and Germany, and final German GDP data headline an otherwise quiet calendar in Europe, while holidays will likely thin U.S. trade into the weekend. Key developments that could influence markets on Friday:German GDP, French and German consumer surveys, speeches by ECB policymakers Kerstin and de GuindosReporting by Tom Westbrook Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

☆ Malaysia's new prime minister Anwar Ibrahim vows to unify the country and fight corruption
▼ + stars: | 2022-11-25 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +4 min

watch nowNew prime minister Anwar Ibrahim has pledged to make "Malaysia for all Malaysians," fight corruption and reiterated that he won't be taking a salary as Malaysians battle rising costs of living. International relationsCongratulations poured in from leaders from all over the world including Indonesian President Joko Widodo and Singapore Prime Minister Lee Hsien Loong. Malaysia's Anwar Ibrahim takes his first press conference after being appointed prime minister. Perikatan Nasional won 73 seats and was runner-up to Anwar's Pakatan Harapan which won 82 seats. Prime Minister Anwar Ibrahim swron in by Malaysia's King Sultan Abdullah Sultan Ahmad Shah on Thursday Mohd Rasfan | Afp | Getty Images

☆ Malaysia's Anwar begins work as PM after polarising election
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: +4 min

[1/3] Malaysia's newly appointed Prime Minister Anwar Ibrahim greets his supporters as he leaves his news conference in Sungai Long, Selangor, Malaysia November 24, 2022. Office of Anwar Ibrahim/Afiq Hambali/Handout via REUTERSKUALA LUMPUR, Nov 25 (Reuters) - Malaysia's Anwar Ibrahim is expected to start discussions on forming his cabinet on Friday as he begins work as prime minister at a challenging time, with the economy slowing and the country deeply split after a close election. Anwar, who was appointed by Malaysia's king following an inconclusive election, said that the people of Malaysia had long been awaiting change. Both men's coalitions failed to win a majority in Saturday's election, but Malaysia's constitutional monarch, King Al-Sultan Abdullah, appointed Anwar after speaking to several lawmakers. Markets surged on Thursday on the end of political deadlock, but investors will be monitoring how Anwar manages the aftermath of the election.

☆ Malaysia’s king names Anwar Ibrahim prime minister after inconclusive election
▼ + stars: | 2022-11-24 | by ( ) www.nbcnews.com time to read: +3 min

KUALA LUMPUR, Malaysia — Malaysia’s Anwar Ibrahim was sworn in as prime minister on Thursday, capping a three-decade political journey from a protégé of veteran leader Mahathir Mohamad to protest leader, a prisoner convicted of sodomy and opposition leader. His appointment ends five days of unprecedented post-election crisis, but could usher in a new instability with his rival, former Prime Minister Muhyiddin Yassin, challenging him to prove his majority in Parliament. Both men failed to win a majority in a Saturday election, but the constitutional monarch, King Al-Sultan Abdullah, appointed Anwar after speaking to several lawmakers. Anwar, 75, has time and again been denied the premiership despite getting within striking distance over the years: He was deputy prime minister in the 1990s and the official prime minister-in-waiting in 2018. Anwar’s coalition, known as Pakatan Harapan, won the most seats in Saturday’s vote with 82, while Muhyiddin’s Perikatan Nasional bloc won 73.

☆ Reformist Anwar finally becomes Malaysia's prime minister
▼ + stars: | 2022-11-24 | by ( A. Ananthalakshmi | ) www.reuters.com time to read: +5 min

[1/2] Malaysian opposition leader Anwar Ibrahim speaks during an interview with Reuters in Tambun, Perak, Malaysia November 4, 2022. The political uncertainty came to an end on Thursday, as Malaysia's king appointed Anwar, 75, to be prime minister. His strained relationship with the veteran leader shaped Anwar's own career, as well as Malaysia's political landscape, for nearly three decades. FRIEND & FOEAnwar started off as a firebrand Islamic youth leader before joining the prime minister Mahathir's United Malays National Organisation (UMNO), which leads the Barisan Nasional alliance. With the people's vote and the king's choice, he finally became prime minister.

☆ Anwar Ibrahim: Who is Malaysia's new prime minister?
▼ + stars: | 2022-11-24 | by ( ) www.reuters.com time to read: +4 min

Nov 24 (Reuters) - Malaysia's new prime minister, 75-year-old Anwar Ibrahim, was sworn in on Thursday, bringing to a close his three-decade quest for the job that had eluded him time and again and led to him spending nearly a decade in jail. As opposition leader, Anwar led tens of thousands of Malaysians in street protests in the 1990s against his mentor-turned-foe Mahathir Mohamad. Anwar started off as a firebrand Islamic youth leader before joining then prime minister Mahathir's United Malays National Organisation (UMNO), which leads the Barisan Nasional alliance. Anwar's appointment as prime minister brings an end to a political crisis after an election on Saturday ushered in an unprecedented hung parliament. Between stints as deputy prime minister in the 1990s and as official prime minister-in-waiting in 2018, Anwar spent nearly a decade in jail for sodomy and corruption on charges he says were politically motivated.

☆ Malaysia PM Anwar: We have seen a change that has awaited the people of Malaysia
▼ + stars: | 2022-11-24 | by ( ) www.reuters.com time to read: 1 min

KUALA LUMPUR, Nov 24 (Reuters) - Malaysia's new Prime Minister Anwar Ibrahim said his swearing in was a change that Malaysians have waited for and pledged to keep Islam as the official religion of the country. The 75-year-old longtime opposition leader was sworn in on Thursday, capping a three-decade political journey from a protege of veteran leader Mahathir Mohamad to protest leader, a prisoner convicted of sodomy and opposition leader. Reporting by Rozanna Laitff; Writing by Kay Johnson; Editing by Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.

☆ Anwar Ibrahim's long road to prime minister of Malaysia
▼ + stars: | 2022-11-24 | by ( Harish Sridharan | ) www.reuters.com time to read: +3 min

** He had a meteoric political rise under Prime Minister Mahathir Mohamad, who invited him to join the ruling coalition, the United Malays National Organisation (UMNO), in 1982. ** Finance minister from 1991 and deputy prime minister from 1993, the long-celebrated heir apparent to Mahathir fell out with his mentor in 1998. ** During the term of Prime Minister Najib Razak in 2015, Anwar was jailed for sodomy for the second time. ** Anwar and former Prime Minister Muhyiddin Yassin each said they could form a government with support from other parties. ** Malaysia's king appointed Anwar as prime minister after a special meeting of his fellow hereditary sultans.

☆ Anwar Ibrahim, the 75-year-old Malaysian prime minister-in-waiting, finally clinched the top job after spending years in jail
▼ + stars: | 2022-11-24 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Anwar Ibrahim has been tapped to be the next Malaysian prime minister. Anwar has spent two decades vying for the top jobAnwar was Malaysia's deputy prime minister in the 1990s, serving under then-Prime Minister Mahathir Mohamad. He was freed in 2004 after being acquitted of that sodomy charge. Anwar was convicted of that sodomy charge and sentenced to five years in prison in March 2014. Malaysia is now set to swear in its new prime minister at 5 p.m. local time on Thursday.

☆ Malaysia’s Anwar becomes prime minister, ending decades-long wait
▼ + stars: | 2022-11-24 | by ( Story Reuters | ) edition.cnn.com time to read: +6 min

Malaysia’s Anwar Ibrahim was sworn in as prime minister on Thursday, capping a three-decade political journey from a protege of veteran leader Mahathir Mohamad to protest leader, a prisoner convicted of sodomy, and opposition leader. Both men failed to win a majority in a Saturday election, but the constitutional monarch, King Al-Sultan Abdullah, appointed Anwar after speaking to several lawmakers. Anwar was sworn in as Malaysia's prime minister on Thursday, ending a political impasse. Mohd Rasfan/AFP/Getty ImagesMalaysia's King Sultan Abdullah Sultan Ahmad Shah (right) appointed Anwar (left) after consulting with lawmakers. The decision on the prime minister came down to King Al-Sultan Abdullah Sultan Ahmad Shah, after both Anwar and Muhyiddin missed his Tuesday afternoon deadline to put together a ruling alliance.

☆ Reaction to Anwar Ibrahim's appointment as Malaysian prime minister
▼ + stars: | 2022-11-24 | by ( ) www.reuters.com time to read: +4 min

KUALA LUMPUR, Nov 24 (Reuters) - Malaysia's king appointed long-time opposition leader Anwar Ibrahim as prime minister on Thursday, ending five days of unprecedented post-election crisis after inconclusive polls. Anwar's appointment caps a three-decade long political journey from a protege of veteran leader Mahathir Mohamad to protest leader, to a prisoner convicted of sodomy, to opposition leader and, finally, prime minister. The former finance minister and deputy prime minister will have to address soaring inflation and slowing growth, while calming ethnic tension that has flared since a Saturday election. ADIB ZALKAPLI, DIRECTOR AT POLITICAL RISK CONSULTANCY BOWERGROUPASIA:"With the appointment of Anwar as the 10th prime minister, this is a closure to the longest-running political crisis in Malaysia that began 24 years ago when he was sacked by the prime minister Mahathir Mohamad .... So it's an important closure, Anwar has been the longest-serving potential prime minister candidate.

☆ Explainer: Who is Malaysia's king and why is he picking the prime minister?
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +4 min

King Al-Sultan Abdullah Sultan Ahmad Shah ascended the throne in 2019 at the age of 59, becoming Malaysia's 16th monarch since it gained independence from Britain in 1957. The silver-haired, bespectacled Al-Sultan Abdullah became king after the surprise abdication of the previous king. The king appointed Muhyiddin prime minister in February 2020 when then-premier Mahathir Mohamad resigned due to coalition infighting. The king has summoned 30 lawmakers from the Barisan Nasional alliance for a meeting on Wednesday to determine who becomes prime minister. Whoever is eventually named prime minister is likely to face more political turbulence of the kind that has plagued the country in recent years.

☆ Malaysia's Anwar, Muhyiddin rush to meet deadline to form government
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +2 min

Significant election gains by an Islamist party also added to investors' fears, notably over policies on gambling and alcohol consumption. Anwar's coalition entered negotiations with Barisan Nasional, the incumbent coalition and Anwar's longtime rival, on Monday to discuss a potential alliance. Anwar's multiethnic coalition won the most seats in the Saturday election with 82, while Muhyiddin's bloc won 73. It would be another astonishing turnaround in Malaysian politics if Anwar and Barisan forged an alliance: as opposition chief, Anwar has spent much of his career trying to oust Barisan. For the 2018 election, Anwar tied up with mentor-turned-foe Mahathir Mohamad to defeat Barisan.

☆ Malaysian voters erred on the side of conservatism at weekend polls, analysts said
▼ + stars: | 2022-11-21 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +3 min

watch nowIt will be a tough road to victory for Malaysia's reformist party Pakatan Harapan after the weekend's general elections where voters leaned toward conservative and religious parties, analysts said. The largest opposition coalition Pakatan Harapan is led by former deputy prime minister Anwar Ibrahim, who is looking to become prime minister after being denied the leadership for over two decades. Malaysian opposition leader Anwar Ibrahim of Pakatan Harapan on Monday morning before meeting the king. Former prime minister and long-time statesman Mahathir Mohamad's historic loss of his seat in Langkawi shows that politics in Malaysia are changing, according to Better Malaysia Assembly advocate and brother of jailed former Prime Minister Najib Razak, Nazir Razak. Nurphoto | Nurphoto | Getty Images

☆ Biden at 80: A ‘respecter of fate’ considers a second White House bid
▼ + stars: | 2022-11-20 | by ( ) www.cnbc.com time to read: +14 min

US President Joe Biden disembarks from Air Force One upon his arrival at the airport of Egypt's Red Sea resort city of Sharm El-Sheikh, to attend the COP27 climate conference, on November 11, 2022. It's soon time for Joe Biden, 80 on Sunday, to decide whether he has one more mountain to climb — the one to a second term as president. Getty: President Joe Biden gives remarks on student debt relief at Delaware State University on October 21, 2022 in Dover, Delaware. "While President Biden may chronologically be 80 years old, biologically he probably isn't," he said. U.S. President Joe Biden smiles during a rally with Democratic nominee for Maryland Governor Wes Moore, U.S.

☆ Explainer: What to expect as Malaysia's split election leaves scramble to form govt
▼ + stars: | 2022-11-20 | by ( Mei Mei Chu | ) www.reuters.com time to read: +4 min

[1/3] The logo of Malaysia's election commission is pictured at its headquarters in Putrajaya, Malaysia, October 20, 2022. REUTERS/Hasnoor HussainKUALA LUMPUR, Nov 20 (Reuters) - Malaysia's political leaders were scrambling to form a coalition government on Sunday after an election produced an unprecedented hung parliament, with no group able to claim a majority. Longtime opposition leader Anwar Ibrahim and former Prime Minister Muhyiddin Yassin each said they could form a government with support from other parties, whom they did not identify. It made inroads in strongholds of Barisan, whose United Malays National Organisation (UMNO) - long Malaysia's dominant political force - made its worst showing ever. KING'S ROLEKing Al-Sultan Abdullah could potentially pick the next prime minister.

☆ Malaysia votes in general election, Anwar expected to lead tight race
▼ + stars: | 2022-11-19 | by ( A. Ananthalakshmi | Rozanna Latiff | ) www.reuters.com time to read: +4 min

Malaysians queue to cast their vote for the country's general election at Permatang Pauh, Penang, Malaysia November 19, 2022. Without a clear winner, political uncertainty could persist as Malaysia faces slowing economic growth and rising inflation. “I don’t think it is possible for any coalition to win on their own,” said Sivamurugan Pandian, political analyst at Malaysia Science University. Anwar was the top choice for prime minister at 33%, followed by Muhyiddin at 26% and Ismail at 17%. Sheila Supramaniam, 30, said she will vote for Anwar as his coalition stood firmly against corruption and discrimination.

☆ Malaysia ex-PM Mahathir loses seat in first election defeat in 53 years
▼ + stars: | 2022-11-19 | by ( ) www.reuters.com time to read: +1 min

KUALA LUMPUR, Nov 19 (Reuters) - Malaysia's veteran leader Mahathir Mohamad suffered his first election defeat in 53 years on Saturday in a blow that could mark the end of a seven-decade political career. Mahathir, 97, who served as Malaysia's prime minister for more than two decades in two stints, failed to retain his parliamentary seat in the Langkawi island constituency, coming in fourth in a five-cornered fight. The seat was won by Mohd Suhaimi Abdullah, a candidate from the Perikatan alliance, which is led by another former prime minister, Muhyiddin Yassin. It was Mahathir's first election loss since 1969. Mahathir leads a coalition that has vowed to take down the incumbent Barisan Nasional government over corruption allegations.

KUALA LUMPUR, Nov 19 (Reuters) - A new coalition led by former Malaysian prime minister Muhyiddin Yassin was leading a hotly contested general election on Saturday, with opposition chief Anwar Ibrahim a close second, early results from the Election Commission showed. The other main contender - Prime Minister Ismail Sabri Yaakob's ruling Barisan Nasional coalition - was losing ground in traditional strongholds to Muhyiddin's bloc, the results showed. As of 1630 GMT, the Election Commission had announced results for 123 of the 222 parliamentary seats. [1/6] Malaysian Caretaker Prime Minister Ismail Sabri Yaakob stands in a line to vote during Malaysia's 15th general election in Bera, Pahang, Malaysia November 19, 2022. The top issues are the economy, along with corruption, as several leaders from the Barisan Nasional coalition face graft accusations.

☆ Factbox: How Malaysia's election system works
▼ + stars: | 2022-11-19 | by ( Mei Mei Chu | ) www.reuters.com time to read: +3 min

The general election is held every five years unless the prime minister calls for an early poll. The Election Commission typically declares the results on the day of the election and the prime minister is sworn in the next day. THE VOTERSOver 21 million Malaysians are eligible to vote in this election, including 6 million new voters. But UMNO returned to power in 2020 as part of another alliance after the opposition coalition collapsed. It won the 2018 election under the leadership of former premier Mahathir Mohamad but lost power two years later due to infighting.

Search resuls for: "Mahathir Mohamad"

25 mentions found