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☆ Malaysia's wait for PM continues for fourth day as post-election crisis drags on
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +2 min

[1/5] Election workers prepare a polling station ahead of the polling day of Malaysia's general election at Permatang Pauh, Penang, Malaysia November 18, 2022. Malaysia's king will pick the new premier, after opposition leader Anwar Ibrahim and former premier Muhyiddin Yassin missed his Tuesday afternoon deadline to put together an alliance with other parties to form a government. The constitutional monarch plays a largely ceremonial role but can appoint a premier he believes will command a majority in parliament. Anwar's coalition won the most seats in the Saturday election with 82, while Muhyiddin's bloc won 73. Muhyiddin said he had declined the King's suggestion for the two rivals to work together to form a "unity government".

"We continue to be on high alert and will aggressively remove any violative content," TikTok, which is owned by the China-based firm ByteDance, said in a statement. TikTok said it had been in contact with Malaysian authorities on severe and repeat violations of its community guidelines since the lead-up to the election. One of the alliances hoping to form a government is a conservative, largely ethnic Malay, Muslim group led by former prime minister Muhyiddin Yassin. SULTANS TO MEETReuters reviewed about 100 videos on TikTok, some of which featured people displaying weapons such as knives and machetes. In response, a flood of videos explaining the history of the May 13 violence have surfaced with many ethnic Malay users calling for unity and criticising those inciting violence.

☆ Malaysian king calls council of sultans to resolve election crisis
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +3 min

[1/6] Malaysian King Sultan Abdullah Sultan Ahmad Shah waves to media members waiting outside the National Palace in Kuala Lumpur, Malaysia November 21, 2022. REUTERS/Hasnoor HussainKUALA LUMPUR, Nov 23 (Reuters) - Malaysia's king on Wednesday called a special meeting of his fellow hereditary sultans to discuss who should be prime minister as an unprecedented post-election crisis entered its fourth day. King Al-Sultan Abdullah made his announcement of a special council after meeting lawmakers from the incumbent Barisan Nasional coalition. Anwar's coalition, known as Pakatan Harapan, won the most seats in the Saturday election with 82, while Muhyiddin's Perikatan Nasional bloc won 73. Police this week cautioned social media users to refrain from posting "provocative" content on race and religion after the divisive election.

☆ 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.

☆ 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.

"Let me make a decision soon," the king told reporters outside the national palace. The king had given political parties until 2 p.m. (0600 GMT) on Tuesday to put together alliances needed for a majority. Significant election gains by an Islamist party added to investors' fears, notably over policies on gambling and alcohol consumption. Its electoral gains have also raised fears in multicultural Malaysia, which has significant ethnic Chinese and ethnic Indian minorities following other faiths. Anwar's coalition won the most seats in the Saturday election with 82, while Muhyiddin's bloc won 73.

☆ Malaysia's king calls Anwar and Muhyiddin for an audience -palace
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: 1 min

KUALA LUMPUR, Nov 22 (Reuters) - Malaysia's King Al-Sultan Abdullah called on Tuesday the two main contenders to be prime minister - opposition leader Anwar Ibrahim and former premier Muhyiddin Yassin - for an audience at 4.30 pm (0830 GMT), the palace said in a statement. Reporting by A. Ananthalakshmi, Rozanna Latiff and Mei Mei Chu; Writing by Ed Davies Editing by Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.

☆ Malaysia's Muhyiddin, Anwar race to form government as turmoil drags on
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +3 min

[1/2] Malaysian former Prime Minister and Perikatan Nasional Chairman Muhyiddin Yassin waves as he leaves after Malaysia's 15th general election in Shah Alam, Malaysia November 20, 2022. Anwar's multi-ethnic coalition won the most number of seats in the Saturday election with 82. King Al-Sultan Abdullah, whose largely ceremonial role includes the power to appoint as prime minister a lawmaker he believes will command a majority, could play a decisive role. Massive corruption, mostly related to the looting of billions of dollars from sovereign fund 1Malaysia Development Bhd (IMDB), for which former prime minister Najib Razak was jailed earlier this year, seriously wounded UMNO's image. During his time in opposition, Anwar spent a decade in jail on convictions for sodomy and corruption, which he says were politically motivated.

Significant election gains by an Islamist party also added to investors' fears, notably over policies toward gambling and alcohol consumption. Anwar said he met with some leaders from the incumbent Barisan Nasional coalition on Monday to discuss a potential alliance. "I am satisfied as this negotiation was on the need to form a stable government that's inclusive. Its 30 seats in parliament is key for both candidates to cross 112 seats needed to hold a majority. On Monday, Anwar's coalition partnered with Barisan to form regional governments in two states, which also saw inconclusive elections.

☆ Malaysia's Anwar 'optimistic' of forming govt after talks with potential partners
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: 1 min

KUALA LUMPUR, Nov 21 (Reuters) - Malaysia's opposition leader Anwar Ibrahim said he was "very optimistic" of forming a government after holding talks with the incumbent ruling coalition to get the required majority. Anwar said he met with the some leaders of the Barisan Nasional coalition for their support and was "very pleased" with the talks. No final decision has been made, he said. Reporting by Rozanna Latiff and Mei Mei Chu, writing by A. Ananthalakshmi; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ 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.

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.

☆ Malaysia's ex-premier Muhyiddin claims win in general election
▼ + stars: | 2022-11-19 | by ( ) www.reuters.com time to read: 1 min

KUALA LUMPUR, Nov 20 (Reuters) - Malaysia's former prime minister Muhyiddin Yassin on Sunday said he has secured enough seats in a general election to form a government, though the latest results from the Election Commission showed a hung parliament. Muhyiddin said he was willing to work with any party to reach the numbers needed to form the government. Reporting by Angie Teo and Mei Mei Chu; Writing by A. Ananthalakshmi; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

☆ 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.

☆ Arun Majumdar's mom cooked over a coal stove on the floor, and now he's the first leader of Stanford's new climate school — here is his story
▼ + stars: | 2022-11-19 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +11 min

Building a successful climate school that both educates people and scales up technological solutions in its accelerator arm requires thinking beyond the bubble of Silicon Valley. Majumdar's understanding of the importance of a global perspective for the climate school is also personally informed. He was also a professor, did research, and worked at Google for a stint before eventually getting the opportunity to lead the launch of the Stanford climate school. The lessons he learned at ARPA-E are helping form the foundation for the accelerator arm at the Stanford climate school. Stanford Doerr School of Sustainability Photo courtesy Cat Clifford, CNBCSo far, the sustainability school at Stanford seems to be popular with students.

[1/5] Posters from Taiwan People's Party can be seen on the streets ahead of the election in Taipei, Taiwan, November 18, 2022. REUTERS/Ann WangTAIPEI, Nov 18 (Reuters) - China's belligerence towards Taiwan and the future of the island's democracy are taking centre stage in campaigns ahead of local elections next week, a key test of the ruling party's support before a presidential vote in early 2024. The Nov. 26 mayoral and councillor polls are nominally about domestic issues such as transport and the COVID-19 pandemic rather than China, which claims Taiwan as its own territory. "Russia has invaded Ukraine and Taiwan is facing the threat of China," Premier Su Tseng-chang told reporters this week. "The China issue is not an issue for local elections," he told Reuters.

☆ Malaysia says back decision by Dutch court on MH17 sentencing
▼ + stars: | 2022-11-18 | by ( ) www.reuters.com time to read: 1 min

KUALA LUMPUR, Nov 18 (Reuters) - Malaysia's Prime Minister Ismail Sabri Yaakob on Friday said his country supported the decision by a Dutch court to sentence three suspects for their role in the downing of Malaysian Airlines flight MH17. The court on Thursday handed down life jail sentences to thee suspects, and ordered them to pay at least 16 million euros ($16.5 million) in compensation to relatives of the victims. Reporting by Mei Mei Chu Editing by Ed DaviesOur Standards: The Thomson Reuters Trust Principles.

KUALA LUMPUR, Nov 18 (Reuters) - Anwar Ibrahim has ramped up campaigning this week to be Malaysia's prime minister, buoyed by polls putting the veteran opposition leader ahead in a closely fought contest. Rival alliances, including those run by Prime Minister Ismail Sabri Yaakob and former premier Muhyiddin Yassin, could come together to clinch the required numbers and deny Anwar the top job. "This election is not about changing the prime minister," Anwar said in an address on Thursday. "This election is the best chance to save the country and make sweeping changes to restore our beloved nation." In an interview with Reuters this month, Anwar ruled out working with Ismail and Muhyiddin's coalitions, citing "fundamental differences" over race and religion.

☆ After being falsely accused of spying for China, Sherry Chen wins significant settlement
▼ + stars: | 2022-11-15 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +7 min

An Asian American scientist who was wrongfully accused of spying for China is speaking out after reaching a lucrative settlement with the U.S. government last week. According to the American Civil Liberties Union, which backed Chen, the hydrologist will receive $550,000 from the Commerce Department and an annuity over 10 years valued at $1.25 million. Neither the Commerce Department nor the DOJ commented further on Chen’s ordeal. However, the Commerce Department appealed the decision and placed her on administrative leave. As part of the settlement, Chen is retiring from the NWS, her lawyers said.

☆ Taiwan belongs to Taiwanese, president says in fiery pre-election rebuff to China
▼ + stars: | 2022-11-12 | by ( Ben Blanchard | ) www.reuters.com time to read: +3 min

[1/6] People wave flags at the Taiwan's ruling Democratic Progressive Party pre-election campaign rally ahead of mayoral elections in Taipei, Taiwan, November 12, 2022. REUTERS/Ann WangSummary Taiwan president: our existence not a provocation to anyoneChina has been increasing military pressure on TaiwanTaiwan to hold local elections on Nov. 26TAIPEI, Nov 12 (Reuters) - Taiwan President Tsai Ing-wen said on Saturday her mission in life was to ensure the island continued to belong to its people and that Taiwan's existence was a provocation to no one, in a fiery pre-election rebuff to China. "As president, my calling is to make every effort to let Taiwan still be the Taiwan of the Taiwanese people." U.S. President Joe Biden will meet Xi next week, with Taiwan on the agenda, according to the White House. The KMT denies this but could not shake the accusations ahead of the 2020 elections, leading to the DPP landslide.

☆ Malaysia Q3 GDP up 14.2% y/y, beats forecast
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: 1 min

KUALA LUMPUR, Nov 11 (Reuters) - Malaysia's economy grew 14.2% from a year earlier in the third quarter, boosted by rising domestic demand and robust exports, Bank Negara Malaysia Governor Nor Shamsiah Mohd Yunus said on Friday. Economists surveyed by Reuters had expected gross domestic product to jump 11.7% in the July-September period, accelerating from the 8.9% annual growth seen in the second quarter. Reporting by Rozanna Latiff and Mei Mei Chu; Editing by Ana Nicolaci da CostaOur Standards: The Thomson Reuters Trust Principles.

Growth came in above the 11.7% growth forecast in a Reuters poll and the 8.9% annual rise in the previous quarter, the central bank said. It surpassed third-quarter growth in many of its regional peers including Indonesia, the Philippines, Singapore and Vietnam. But BNM said the outlook was clouded by the risk of a global economic slowdown, forecasting economic growth to slow to 4.0%-5.0% next year. “We acknowledge there are still some spots in our economy that have yet to return to pre-pandemic condition," Nor Shamsiah said. Nor Shamsiah said the ringgit currency will adjust to reflect Malaysia's economic fundamentals once uncertainties caused by the U.S. rate moves recede, without elaborating further.

[1/5] Former Malaysian Prime Minister Mahathir Mohamad speaks during an interview with Reuters in Putrajaya, Malaysia November 8, 2022. In what he said would likely be his final election foray, Mahathir vowed to fight "against bad Malays, criminal Malays… against the Malays who had destroyed this country." "We don't agree that any one person should, even before the results come in, claim that he is the candidate for prime minister," Mahathir said. He was pardoned in 2018 after the election win that removed UMNO from power for the first time in Malaysia's post-colonial history. The nonagenarian said he had no desire to be prime minister but would do so if asked to serve again.

☆ His COVID lockdowns made him one of the most unpopular politicians in China. Xi Jinping just made him the 2nd-most powerful man in the country. Meet Li Qiang.
▼ + stars: | 2022-11-05 | by ( Matthew Loh | ) www.businessinsider.com time to read: +7 min

They key to his success is his loyalty to President Xi Jinping, experts say. But on October 23, Chinese President Xi Jinping made it clear: It didn't matter. Xi Jinping, Li Qiang, and other members of China's new top leadership walk in order of their rank. But his real value to Xi comes in the form of his loyalty to Xi, Wu said. Xi Jinping doesn't look into other things.

☆ Shopify's startup investments this year include millions into companies that focus on NFTs, Web3 apps, customer-engagement, and financial services
▼ + stars: | 2022-11-03 | by ( Madeline Stone | ) www.businessinsider.com time to read: +12 min

In its press release announcing the new funding, Wati said the investment was Shopify's first in a startup operating in Southeast Asia. The goal is to make Thirdweb's tools available to Shopify merchants who want to bring Web3 products and experiences to their online stores. Shopify recently participated in Gorgias' $30 million Series C round, which valued the startup at $710 million. According to the company, merchants using its technology report a 96% increase in sales on average. Flexport announced it had received a strategic investment from Shopify as part of its $935 million Series E on February 7.

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