Anwar was heir-apparent to the premiership until he was sacked in 1998. REUTERS/Olivia Harris/File Photo
Anwar was heir-apparent to the premiership until he was sacked in 1998. REUTERS/Olivia Harris/File Photo

Malaysia poll win offers hope: Anwar



Jailed Malaysian leader Anwar Ibrahim Wednesday said his country was on the verge of a new “golden era”, with the toppling of a corruption-riddled regime offering hope to people “clamouring for freedom” everywhere.

But Anwar, a leading member of the People’s Justice Party that teamed with former prime minister Mahathir Mohamad to oust scandal-tainted premier Najib Razak, also cautioned that “one election does not a democracy make”.

“I always believed in the wisdom of the people and that if we fought hard enough we would eventually prevail,” he told Australia’s Fairfax Media in an interview, adding that a new “golden era” was afoot.

“At a time when democracy is in retreat around the world, I hope that the people of Malaysia have given some hope to people around the world clamouring for their own freedom.”

Anwar was heir-apparent to the premiership until Mahathir sacked him in 1998 and he was subsequently jailed.

Now 70, he was imprisoned again in 2015 during Najib’s rule – after making historic gains as the head of the opposition at the 2013 elections.

But in a dramatic turnaround, his party joined forces with his former nemesis to inflict a shock defeat last week on the long-ruling Barisan Nasional coalition, ending its six-decade stranglehold on power.

Mahathir told the Wall Street Journal on Tuesday he would be in power for one to two years, before an expected handover to Anwar, who is due to be released on Wednesday.

Malaysia’s king has agreed to pardon him, paving the way for his return to politics.

Anwar said that after working with Mahathir for many years he understands “that he cares deeply about Malaysia and the people of Malaysia”.

“A new partnership was essential to overcome the deeply entrenched, corrupt system that was presiding over Malaysia,” he said, referring to the Najib government.

“Our litmus test has always been supporting the reform agenda.

“So long as there is sincere commitment to these principles, we have always welcomed new supporters. The animosity which preoccupies some observers is not an issue for me.”

Even while in jail, Anwar said he had detected growing outrage among Malaysians against Najib, who has been accused of involvement in plundering billions of dollars from sovereign wealth fund 1MDB.

Najib and the fund deny any wrongdoing.

Anwar said the hardest thing about being in jail was its impact on his family.

“My children were quite young during the earlier period of incarceration and that was a difficult period for them and (his wife, Wan) Azizah,” he said.

“It is pure agony to see your own children struggling because of decisions you made. This time (in jail) it is my children’s children who I missed deeply.

“But as a family, we were in concert that we cannot expect the people of Malaysia to take a risk for their freedom if we ourselves were not prepared to take those same risks.

“As the days and weeks wore on I never lost hope. In fact, even from within the prison cell I sensed that the outrage against a corrupt regime was increasing by the day.”

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Company%20Profile
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Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

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Director: Goran Hugo Olsson

Rating: 5/5

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SHOW COURTS ORDER OF PLAY

Centre Court (4pm UAE/12pm GMT)
Victoria Azarenka (BLR) v Heather Watson (GBR)
Rafael Nadal (ESP x4) v Karen Khachanov (RUS x30)
Andy Murray (GBR x1) v Fabio Fognini (ITA x28)

Court 1 (4pm UAE)
Steve Johnson (USA x26) v Marin Cilic (CRO x7)
Johanna Konta (GBR x6) v Maria Sakkari (GRE)
Naomi Osaka (JPN) v Venus Williams (USA x10)

Court 2 (2.30pm UAE)
Aljaz Bedene (GBR) v Gilles Muller (LUX x16)
Peng Shuai (CHN) v Simona Halep (ROM x2)
Jelena Ostapenko (LAT x13) v Camila Giorgi (ITA)
Jo-Wilfried Tsonga (FRA x12) v Sam Querrey (USA x24)

Court 3 (2.30pm UAE)
Kei Nishikori (JPN x9) v Roberto Bautista Agut (ESP x18)
Carina Witthoeft (GER) v Elina Svitolina (UKR x4)

Court 12 (2.30pm UAE)
Dominika Cibulkova (SVK x8) v Ana Konjuh (CRO x27)
Kevin Anderson (RSA) v Ruben Bemelmans (BEL)

Court 18 (2.30pm UAE)
Caroline Garcia (FRA x21) v Madison Brengle (USA)
Benoit Paire (FRA) v Jerzy Janowicz (POL)

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Tips to avoid getting scammed

1) Beware of cheques presented late on Thursday

2) Visit an RTA centre to change registration only after receiving payment

3) Be aware of people asking to test drive the car alone

4) Try not to close the sale at night

5) Don't be rushed into a sale 

6) Call 901 if you see any suspicious behaviour

How to get exposure to gold

Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.

A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.

Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.

Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.

London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long

However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.