AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home International

Billionaire Sultan Takes Malaysia Crown as Royals Gain Influence

admin-augaf by admin-augaf
February 1, 2024
in International
Reading Time: 1 min read
0
Billionaire Sultan Takes Malaysia Crown as Royals Gain Influence
Share on FacebookShare on TwitterWhatsapp

Kuala Lumpur February 1 2024: The Sultan of Johor took the throne as Malaysia’s king, a role that’s become increasingly important in determining who holds power in the Southeast Asian nation.

Sultan Ibrahim Iskandar was crowned king in the capital, Kuala Lumpur, on Wednesday. The head of Malaysia’s southernmost state starts a five-year term under the country’s unique constitutional monarchy, in which the hereditary royals of nine states take turns on the throne.

While the position is mostly ceremonial, one important duty is to decide who leads the government when no party has a majority. Sultan Ibrahim’s predecessor did so three times, most recently after the country’s first-ever hung parliament in 2022.

Sultan Ibrahim, 65, is a motorcycle-riding, Ferrari-driving, Instagram-savvy royal, who has pursued private business activities in addition to carrying out his official duties. His family’s assets with readily available valuations are worth at least $5.7 billion, according to an estimate by Bloomberg.

He was sworn in as the 17th king of Malaysia in an opulent ceremony decked in the royal colour of yellow and attended by all the Malay rulers and members of the government. Prime Minister Anwar Ibrahim completed the ceremony by announcing his appointment at the royal palace in Kuala Lumpur.

Tags: CrownMalaysia
admin-augaf

admin-augaf

Related Posts

China Detains Investment Bankers, Takes Passports in Corruption Sweep
International

China Plans Nationwide Subsidies to Boost Birthrate

July 4, 2025
High Alert on River Ravi After India Released Water
Business

Pakistan Tops Sovereign Risk Improvement, Bloomberg Intelligence

June 28, 2025
Early US Intel Assessment Suggests Strikes on Iran Did Not Destroy Nuclear Sites – CNN
International

Early US Intel Assessment Suggests Strikes on Iran Did Not Destroy Nuclear Sites – CNN

June 25, 2025
Fair Global Consult Fair Global Consult Fair Global Consult
ADVERTISEMENT

Recent News

Pakistan Textile Exports increased 26 percent to USD 14.26 billion YoY in 9MFY22: APTMA

Pakistan’s Textile Exports Surge 32% in July, Led by Value-Added Segments

August 22, 2025
Gold

Gold Fields Half-Year Profit Triples on Record Prices

August 22, 2025
Pakistan will get back $900 million payment of Reko Diq dispute if conditions not met

ADB To Provide $410 Million For Reko Diq Project

August 22, 2025
Moody

Moody’s Upgrade Ratings of Five Pakistani Banks

August 20, 2025
EPQL accept PPIB proposal to operate plant on comingled fuel but at its own cost

EPQL Executed Supplemental Agreement to PPA with CPPA for Additional Gas

August 20, 2025

Popular News

  • NSS

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Petrol Prices in Pakistan to Return to July 2023 Levels

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • Pakistan’s Textile Exports Surge 32% in July, Led by Value-Added Segments
  • Gold Fields Half-Year Profit Triples on Record Prices
  • ADB To Provide $410 Million For Reko Diq Project

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

Pakistan Textile Exports increased 26 percent to USD 14.26 billion YoY in 9MFY22: APTMA

Pakistan’s Textile Exports Surge 32% in July, Led by Value-Added Segments

August 22, 2025
Gold

Gold Fields Half-Year Profit Triples on Record Prices

August 22, 2025
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.