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Briefing MONTHLY #40 | July 2021

RAJA’S RULE Decolonisation and revolution long ago removed royal families from power in most of Asia, leaving Japan’s emperors as the last hereditary monarchs of much significance to periodically exert some subtle influence. But the past year has seen the region’s most abundant class of royals – the rajas and sultans of the old Malay dynasties – exert unexpected power over the country’s fragmenting political parties. Nine of the Malaysian states are constitutionally headed by traditional Malay rulers who meet every five years to elect a king, or Yang di-Pertuan Agong, as the national head of state. On Monday July 26, the Malaysian Parliament resumed sitting after the longest suspension since 1969 due to the COVID-19 crisis which had allowed Prime Minister Muhyiddin Yassin to avoid testing whether he actually had a majority. But the prime minister was aiming to avoid any votes which would test his fragile majority.

F45 float puts founder Adam Gilchrist onto the Financial Review Rich List

Share Thursday’s New York Stock Exchange listing of fitness franchise F45 is set to turn one of its two Sydney-born co-founders, Adam Gilchrist, into a Financial Review Rich Lister. Starting with a humble gym in Sydney’s Paddington in 2012, F45 has sold more than 2800 franchises in 63 countries. Over 1500 operating studios offer the 45-minute workouts for which Gilchrist, 43, and old rugby mate Robert Deutsch, 41, first named the business. Mark Whalberg with F45 CEO & founder Adam Gilchrist at the NYSE.  AP Set on a global trajectory by the investment of Hollywood star Mark Wahlberg in 2019, F45 was valued at $US1.4 billion ($1.9 billion) by its $US325 million initial public offering. Shares popped as high as $US17.75 from their $US17 open, before closing on Thursday (Friday AEST) at $US16.20.

Chinese conglomerate Yintai swoops in on ASX-listed Myanmar Metals miner

Chinese conglomerate Yintai swoops in on ASX-listed Myanmar Metals miner
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