Malaysian PM Najib Razak announces dissolution of parliament for tough election

Agencies
April 6, 2018

Kuala Lumpur, Apr 6: Malaysian Prime Minister Najib Razak Friday announced the dissolution of parliament for a general election that will pose one of the sternest-ever tests for his ruling coalition, due to a massive financial scandal and a challenge from former leader Mahathir Mohamad.

After laying out the Barisan Nasional coalition's recent achievements in a 25-minute speech on state television, Najib announced that parliament would be dissolved Saturday to pave the way for the hotly-anticipated poll.

"We have delivered and we will continue to deliver," he said. "I seek your mandate for Barisan Nasional to rule for another five years."

Following the dissolution, the election commission will announce the date for the polls in the coming days.

The coalition has been in power since independence from Britain in 1957 but its support has been dropping in recent years. A scandal surrounding sovereign wealth fund 1MDB that captured global headlines has added to its problems.

Billions of dollars were allegedly looted from the fund in an audacious campaign of fraud and money-laundering which is being investigated in several countries, and it is claimed that large sums ended up the personal bank accounts of Najib.

The leader and the fund deny any wrongdoing.

Najib's United Malays National Organisation (UMNO), the main coalition party, has clung on to power by pushing policies that favour the Muslim Malay majority. It was already struggling after losing the popular vote in the 2013 election for the first time in history.

Voters had become increasingly disillusioned over recurring graft scandals, divisive racial politics in the country which is home to substantial ethnic Chinese and Indian minorities, and the rising cost of living.

Despite the problems, the 64-year-leader is tipped to win another five-year term at the head of the coalition after weathering the 1MDB scandal, sacking critics inside government and launching a crackdown that has seen opponents arrested.

Najib has also been helped by an improving economic picture in recent times, and has been seeking to ensure victory by announcing generous handouts to low-income groups, civil servants and farmers.

His government stoked further criticism last week by pushing a controversial redrawing of the electoral map through parliament which critics say will tilt the poll in Najib's favour. MPs also passed a law banning "fake news" that could see offenders jailed, which some fear could be used to crack down on dissent.

Mahathir upends race

Victory is however less certain due to the comeback of Mahathir, 92, who has turned on his former protege Najib over the 1MDB scandal.

In a stunning political volte-face, he was named the prime ministerial candidate in the opposition coalition Pact of Hope, which is filled with parties he crushed during his 22 years in power.

Mahathir has long championed the Malay cause and the opposition hopes he can win over Muslim voters disillusioned with BN, to add to their support base of urban voters and ethnic minorities, particularly the Chinese.

The ex-leader's political rebirth has raised eyebrows, however, particularly his reconciliation with former nemesis Anwar, a key leader in the opposition.

Anwar was heir apparent to Mahathir until the premier sacked him in 1998 over political differences, and he was then jailed on charges of sodomy and abuse of power. He was jailed again in 2015 on charges his supporters say are trumped up.

While 1MDB has captured global headlines, key issues in the Malay heartland in the country of 32 million people are rising living costs and the economy.

The government lost a vital two-thirds parliamentary majority, needed to amend the constitution, in the 222-seat parliament at the 2008 election and is hoping to win it back. Some 14.9 million people are registered to vote.

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News Network
June 2,2020

Jun 2: A new female billionaire has emerged from one of Asia's most-expensive breakups.

Du Weimin, the chairman of Shenzhen Kangtai Biological Products Co., transferred 161.3 million shares of the vaccine maker to his ex-wife, Yuan Liping, according to a May 29 filing, immediately catapulting her into the ranks of the world's richest.

The stock was worth $3.2 billion as of Monday's close.

Yuan, 49 this year, owns the shares directly, but signed an agreement delegating the voting rights to her ex-husband, the filing shows. The Canadian citizen, who resides in Shenzhen, served as a director of Kangtai between May 2011 and August 2018. She's now the vice general manager of subsidiary Beijing Minhai Biotechnology Co. Yuan holds a bachelor's degree in economics from Beijing's University of International Business and Economics.

Kangtai shares have more than doubled in the past year and have continued their ascent since February, when the company announced a plan to develop a vaccine to fight the coronavirus. They slipped for a second day Tuesday following news of the divorce terms, losing 3.1% as of 9:43 a.m. in Hong Kong and bringing the company's market value to $12.9 billion.

Du's net worth has now dropped to about $3.1 billion from $6.5 billion before the split, excluding his pledged shares.

The 56-year-old was born into a farming family in China's Jiangxi province. After studying chemistry in college, he began working in a clinic in 1987 and became a sales manager for a biotech company in 1995, according to the prospectus of Kangtai's 2017 initial public offering. In 2009, Kangtai acquired Minhai, the company Du founded in 2004, and he became the chairman of the combined entity.

China's rapidly growing economy has been an engine for the country's richest, and Du is not the only tycoon who's had to pay a steep price for a divorce. In 2012, Wu Yajun, at one point the nation's richest woman, transferred a stake worth about $2.3 billion to her ex-husband, Cai Kui, who co-founded developer Longfor Group Holdings Ltd. In 2016, tech billionaire Zhou Yahui gave $1.1 billion of shares in his online gaming company, Beijing Kunlun Tech Co., to ex-wife Li Qiong after a civil court settlement.

Sometimes, a goodbye can be time-consuming too. South Korean tycoon Chey Tae-won's wife filed a lawsuit in December asking for a 42.3% stake in SK Holdings Co. valued at $1.2 billion. That would make her the second-largest shareholder of the company should she win the case, which is still ongoing.

The most expensive divorce in history is that of Jeff and MacKenzie Bezos. The Amazon.com Inc. founder gave 4% of the online retailer to Mackenzie, who now has a $48 billion fortune and is the world's fourth-richest woman.

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Agencies
July 21,2020

Washington, Jul 21: Democrat Joe Biden urged Muslim Americans on Monday to join him in the fight to defeat President Donald Trump as he addressed an online summit hosted by the advocacy organisation Emgage Action to mobilise Muslim voters ahead of the presidential election.

I want to earn your vote not just because he's not worthy of being president, the presumptive presidential nominee told participants.

I want to work in partnership with you, make sure your voices are included in the decision-making process as we work to rebuild our nation.

Biden also reiterated a pledge to overturn a Trump administration ban on travelers from several predominantly Muslim countries, calling it vile.

Wa'el Alzayat, CEO of Emgage Action, said by email that the organisation was seeking to maximise Muslim American turnout in key battleground states.

In Michigan alone one of the states where the organisation has chapters and where Trump won in 2016 by fewer than 11,000 votes he said he believed there are more than 150,000 registered Muslim voters.

Several prominent Muslim American elected officials endorsed Biden for president in a letter organised by Emgage Action ahead of the summit.

Among those who signed the letter are Minnesota Rep. Ilhan Omar, Minnesota Attorney General Keith Ellison and Indiana Rep. Andre Carson, all Democrats.

Omar, one of the first Muslim women elected to Congress, served as a high-profile surrogate for Bernie Sanders before he exited the presidential race in April making her support for Biden potentially helpful as the former vice president seeks to mobilise Muslim voters this fall.

Muslim American voices matter to our communities, to our country, Biden said.

But we all know that your voice hasn't always gotten recognised or represented.

Emgage Action has titled the event Million Muslim Votes, underscoring its emphasis on boosting Muslim turnout in November.

Joe Biden's presence serves not only to galvanise Muslim Americans to cast their ballots, but to usher in an era of engaging with Muslim American communities under a Biden administration, Alzayat said by email before the summit.

The pro-Biden letter from Muslim American elected officials decried a number of Trump's domestic and international policies, including his administration's travel ban and his pullout from the Iran nuclear deal.

A Biden administration will move the nation forward on many of the issues we care about, the letter said, citing racial justice, affordable health care, climate change and immigration.

The Muslim American officials also praised Biden's agenda for their communities.

Among other goals, Biden has vowed to rescind the travel ban affecting Muslims on Day One if he's elected.

In his address, he pledged to include Muslim American voices in his administration, if elected, and to speak out against human rights abuses against Muslim minorities around the world.

I'll continue to champion the rights of Palestinians and Israelis to have a state of their own as I have for decades, each of them a state of their own, he said.

Other state- and local-level Muslim American officials signing onto the pro-Biden letter hail from several states, including Michigan.

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News Network
January 3,2020

Washington, Jan 3: US President Donald Trump ordered the killing of Iran Revolutionary Guards commander Qasem Soleimani, who died in Baghdad "in a decisive defensive action to protect US personnel abroad," the Pentagon said Thursday.

"General Soleimani was actively developing plans to attack American diplomats and service members in Iraq and throughout the region. General Soleimani and his Quds Force were responsible for the deaths of hundreds of American and coalition service members and the wounding of thousands more," the Department of Defense said.

Following Soleimani's death, Trump tweeted an image of the US flag without any further explanation.

"US' act of international terrorism, assassinating General Soleimani—the most effective force fighting Daesh (ISIS), Al Nusrah,Al Qaeda, is extremely dangerous & foolish escalation. US bears responsibility for all consequences of rogue adventurism." said Iran Foreign Minister Javad Zarif.

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