The billionaire Sultan Ibrahim Iskandar was sworn in as the new king of Malaysia under a unique rotating monarchy system. The 65-year-old took his oath of office at the palace in a ceremony attended by other royal families, Prime Minister Anwar Ibrahim, and Cabinet members. One of the wealthiest individuals in the country, Sultan Ibrahim has an extensive business empire that includes real estate, telecoms, and power plants. His close ties with Anwar could bolster the unity government and address the opposition’s challenge.
Malaysia’s unique rotating monarchy system has nine ethnic Malay state rulers take turns as king for five-year terms. This system has been in place since Malaysia gained independence from Britain in 1957. Sultan Ibrahim’s election was widely expected based on an established rotation order, and the ruler of Perak state (Sultan Nazrin) was reelected as deputy king.
The king plays a largely ceremonial role with administrative power vested in the prime minister and Parliament. The monarch is highly regarded as the protector of Islam and Malay tradition and can proclaim an emergency or pardon criminals. Sultan Ibrahim has indicated he will maintain a hands-on approach, focusing on fighting graft and deepening unity in the country.
He has a high corporate profile, including a stake in the multibillion-dollar Forest City development project in Johor with China’s Country Garden. Despite concerns about a possible conflict of interest, Sultan Ibrahim has defended his business dealings and indicated plans to revive a high-speed railway link project with Singapore. Sultan Ibrahim’s wife, Raja Zarith Sofiah, an Oxford graduate and a prolific writer, adds to the royal household’s illustrious background.
Overall, Sultan Ibrahim’s rule could mark an important phase in Malaysia’s political landscape, both in terms of uniting the government and addressing governance concerns.
News Highlight :
– Sultan Ibrahim Iskandar, a billionaire, was sworn in as Malaysia’s new king under a rotating monarchy system
– The king’s role in Malaysia is largely ceremonial, with administrative power vested in the prime minister and Parliament
– Sultan Ibrahim has extensive business interests and has close ties with Prime Minister Anwar Ibrahim
– His election to the throne was widely expected based on an established rotation order
– The king has indicated that he will maintain a hands-on approach and has focused on fighting corruption and political stability
– Sultan Ibrahim has defended his business dealings and has a high corporate profile, including involvement in a multibillion-dollar development project
– His wife is an Oxford graduate and prolific writer, and they have six children
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