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Free AccessMalaysian Rulers Tap Johor's Sultan Ibrahim To Become Next Monarch
The Istana Negara announced Johor Ruler Sultan Ibrahim Iskandar as the 17th Yang Di-Pertuan Agong, as the Malaysian monarch is known locally. Sultan Ibrahim will start his five-year reign on January 31 next year, with Perak Sultan Nazrin Muizzuddin Shah set to serve as his deputy.
- The King of Malaysia is elected by the Conference of Rulers, a body comprising of the nine rulers of Malay states, for a five-year term. By convention, the rulers effectively rotate the office between them.
- While Malaysian monarchy is largely ceremonial, the outgoing King assumed a more active role, stepping in as a mediator amid the 2020-2022 political turbulence and nominating three Prime Ministers during that period.
- The Straits Times reports that the incoming monarch indicated that he has a good relationship with Prime Minister Anwar Ibrahim. Worth noting that he may be the one to review imprisoned former Prime Minister Najib Razak's request for a royal pardon.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.