Malaysia Leader Accused of Power Grab After Parliament Suspended Bloomberg 1/13/2021 Philip J. Heijmans and Anisah Shukry
(Bloomberg) In explaining why Malaysia needed to suspend democracy for the first time in half a century to fight the pandemic, Prime Minister Muhyiddin Yassin assured the nation he wasn’t staging a military coup.
But his opponents found it hard to view the first nationwide emergency since 1969 as anything but a power grab. While the Southeast Asian nation has seen a surge of coronavirus cases in recent weeks along with many other countries, measures to combat the pandemic have generally enjoyed broad support across the political spectrum.
Malaysia’s king declared a nationwide state of emergency for the first time in more than half a century, suspending parliament in a move that allows embattled Prime Minister Muhyiddin Yassin to avoid facing an election until the pandemic is over.
University of Nottingham Malaysia Owners Said to Weigh Exit bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
Owners of University of Nottingham Malaysia Sdn Bhd are considering selling the British educational institute located in Semenyih, Selangor for about RM500 million
Quoting people with knowledge of the matter, Bloomberg reported that Boustead Holdings Bhd is in talks to sell the education provider, while YTL Corp may tag along in the exit.
Boustead Holdings Bhd is a Malaysian conglomerate involved in plantation, property, pharmaceutical, and finance, among other industries with a traceable British origin back in the 1820s.
66% of the University of Nottingham Malaysia is owned by Boustead, while YTL owns 4%. The remaining 30% is owned by the University of Nottingham in the UK, said the sources.