so who is malaysia's new leader with a familiar face he's malaysia's longest serving prime minister in power for twenty two years from one nine hundred eighty one until two thousand and three his economic policies attracted billions in investments to the so-called asian tiger economy he responded to the asian currency crisis in one thousand nine hundred seven by rejecting an international monetary fund bailout economists criticize him for capital controls on global investors despite that he succeeded in reviving malaysia's economy but progress came at a cost now tear was criticized for cracking down on political dissent the media and civil society lately he's used democratic platforms he once opposed to challenge his former protege najib razak who is no stranger to scandal mahathir is upset victory comes after joining forces with unwary ibrahim who is serving a five year sentence for sodomy he was mahathir is deputy before they fell out in the one nine hundred ninety s. anwar and his supporters maintain the charges are politically motivated. let's now get the thoughts of our guests joi

let's focus on malaysia as well.gain, becoming the prime minister, this is what we see with the proxies. we see weakness with some of these ringgit. we are still have euro the four handles and looking at other measures as well that see a bit of weakness. a lot of questions about what this means for the row file for malaysia. we are you heard the likes of moody's that it would be credit negative. defaults rising as well. haidi: just another angle to look at this and terms of the malaysia theme. hearing the investment fund is down six to 10 points. of course, the state of that are underces scrutiny. publicized series of defaults. rishaad: gdp figures just coming through. it's back in line with estimates. it should all dovetail into the central bank interest-rate decision. 6.8% growth for the first quarter. more.l be discussing that coming up, industrial production up as well for the philippines. let's get to first word news. iran's leaders have dismissed the u.s. withdrawal from the fact, calling president trump's spee

malaysia is your homepage for all things malaysia today.vestors await central bank decisions in asia and china cpi data coming up. kathleen hays is here with a roundup. we want to note it is unsure if we're going to get a decision i that malaysian central bank. kathleen: this election result is such a surprise and a shock, to have the former prime minister going against his protege and going up on top. the bankte, we think of malaysia is meeting to release the questions of a policy decision. meet, rate, when they here is what they are watching. it has a lot to do with inflation. that's the this gtv chart. you can see inflation rate has gone up here and their target is 3% to 4%. it has fallen considerably and what of the reasons is because the economy has slowed down. they raise their key rate in january, so they are going to sit tight. both this uncertainty and fiscal policy, they are concerned about possibly dropping the goods and services tax and others talking about putting on subsidies for oil is the price rises. this could hit their fi

so what does this mean for the malaysia economy?have a meeting today but that is now a public holiday, they are expected to keep the key interest rate at 3.25%. they are not taking the lead from the us federal reserve and they are also concerned about a strong us dollar. they are trying to get a hold of inflation concerns. they hope that that will mainly get under control shortly and the country is also trying to reach a 7% growth rate. it is at 5% right now. the new prime minister has a lot about what in. he certainly does. thank you very much. malaysia central bank was supposed hold its meeting today of but it is now on an unexpected holiday. in new zealand, however, the central bank met today and the reserve bank of new zealand held borrowing costs at a record low of i.75%. some analysts had predicted that interest rates would be on hold all the way through the 2020. the new governor said that, quote, the door is open to both a rate rise and a rate cut, depending on the inflation data. in other business news to you this morning,

|j together, particular to build malaysia going forward? i think this isa malaysia going forward?a new set of challenges, even though many of them have been in power in various roles in the past, so they do have the wealth of experience with them. but it is, again, a very different economic from the one that they worked with when they were in power. —— a very different economy. i think the sets of challenges here are very different, a fast—growing economy with high levels of debt, and how they balance us will be selling to watch. and very quickly, prime minister mahathir bin mohamad said he would try to recover the funds that were misappropriated in the state fund, which, of course, the previous prime minister was accused of stealing. he has denied all of those charges. how damaging was that scandal to begin with? it had international repercussions and gave massive potential damage to malaysia. it spoke and gave us inclinations of the state of the rule of law and about broader institutional strength in malaysia, and that is something that we looked at in the performance of these e

haidi: what an extraordinary night for malaysia, a stunning victory in malaysia's elections and the aix decade rule. the hard part comes down as he tries to marshall the four party coalition that will lead the country. let's get to our chief international correspondent covering this phenomenal expectedresult, and an -- and unexpected. day fora momentous malaysia. it was meant to be done on concluded 2.5 hours ago. with a stunning victory. nobody would have thought the opposition would garner support from strongholds. thes significant because wave we have seen from the geordie population and the backbone of the ruling party. change inen a wave of malaysia for the opposition to win this election, it needed the strong support, and that is apparent. when it comes to turn out, it was 75%, lower than the 85% record we saw in the last election, even then, the opposition said before the election it needed a strong turnout, at least 85%. that they have backed the opposition this time around. when asked what comes next? say is what he had to during the press conference earlier this morning. bec

will this see change in malaysia?into the mix because of this bid to try to stop corruption, to try to stop this kind of activity within politics in malaysia. will this see a new beginning, a new era, or not? when he was young he was the guy creating and putting malaysia on the map with this look east policy from nowhere to leading emerging market indicators, so he's a man of huge wealth but he's not that young any more. exactly, it's notjust about him individually, he is 92, it's this team around him. it is this tea m this team around him. it is this team around him but he's very good at getting people around him and making them do things. if he wants you to do something, you will do it. and you would know! the business standard now, walmart bags flipkart for $16 billion. a picture of the ceo of walmart shaking hands with the ceo and the co—founder of flipkart. you understand why walmart and amazon want a bit of this economy. this is huge. it is potentially huge but it isn't an easy economy. the interesting thing is

shot: building on the benchmark -- malaysia after -- rishaad: malaysia, stocks.rising strongly on news that xerox has terminated their takeover deal. in hong kong, i'm rishaad salamat. : also coming up, china takes another step toward global inclusion. markets asia.erg it is msci inclusion announcements day. this has been a long time coming. i guess the question is, has the chinese market fundamentally changed since we had that boom bust rise and then selloff? a bit of a mixed picture. we will get the domestic activity indicators. it looks like inflation seems to be tempered on the u.s. side. trade tensions, geopolitical tensions, it is all looking pretty sanguine. of tencentrnings out wednesday. noble group as well. getting to the open in jakarta. seeing what the market act -- market action is telling us. a slightly down open for the index of leading indonesian stocks. saying -- thes delta is quite big and we have a situation where it is below water so far. outlook for the stocks in that country. sophie kamaruddin is in the trading floor of one of the country's

but malaysia is a big one here today.ne is trying to gauge what knee-jerk reaction we will get. david: if we opened thursday it would have been bad. now most people are expecting still a drop. it might be across the board. we will see what happens after 10 minutes time, but the shares earlier, they fell 6%. momentumered but lost into friday. this is a five day low. the middle portion is when the elections took place or after the election. it recovered but we are not quite back to levels of where it was before the election took place. infrastructure stocks will be in focus among other things. the likes of ibm, malaysian resources. promising to reveal a lot of infrastructure projects. -- if you asknies me if it will fall, most likely it will. betty: david ingles, a check of the markets. speaking of malaysia, unchartered waters, the dramatic shape under the prime minister. that four party alliance is under scrutiny for how it plans to run the economy and tackle corruption. let's go to sophie kamaruddin and kuala lumpur. they

more fallout from malaysia's shock election result.ng businessman says sorry for backing the ousted prime minister. i'm babita sharma in london. also in the programme: israel's prime minister calls on the world to follow america, as the us prepares to moves its embassy to jerusalem. live from our studios in singapore and london, this is bbc world news. it's newsday. good morning. it's 6am in singapore, ”pm in london and 5am in surabaya, indonesia, where police believe a couple and theirfour children — aged between nine and 18 — were involved in coordinated suicide bombings at three churches. at least 13 people were killed and dozens injured in the attacks in the city in east java province. the family had recently spent time in syria. our south east asia correspondent jonathan head reports. blazing motorbikes marks the site of one of the three attacks. all suicide bombers, say the indonesian police, and all from the same family, including a mother and two daughters aged nine and i2. a known islamic state media outlet has claimed that th

the stigma of those two accidents is still haunting malaysia airlines? exactly.t this point, to be able to overturn and change their image? and to compete with many more players in the skies? they had done some ground work with other ceos. they have rationalised the business, downsizing their fleet. cutting loss—making routes. they have launched a new campaign. they've invested in a new satellite base, a global aircraft tracking system. hopefully that will bring confidence back. and changes in management, does that really help the company improve not only its image but also its performance? it should, it brings a fresh pair of eyes to see where those inefficiencies and costs can be cut, the cost is at about 45% . can be cut, the cost is at about 4596. (£05 can be cut, the cost is at about 4596. ceos have different objectives and different goals when they try to achieve revenue numbers for a company. exactly, and they face strong resistance from unions, and having this is very destabilising. in may be too early in the morning for most of us but we will turn our at

i look forward to a fantastic new malaysia.e'll have more on the new malaysian government in the next few minutes. also this hour: in a dramatic shift in tone, president trump has said he wants to help save zte, one of china's biggest telecoms companies. the president wrote a tweet in which he said he was working to get zte back into business. last month the firm suspended operations after washington banned us companies from selling its components. zte pleaded guilty to making illegal shipments to iran and north korea. the american secretary of state, mike pompeo, has said the us may allow private companies to invest in north korea. mr pompeo, who held talks with kim jong—un last week, told us television the investment would be conditional on the country's full denuclearisation. there will be private capital that comes in. north korea is desperately in need of energy support, electricity for its people. they are in great need of agriculture and technology, the finest from the midwest, where i come from, and we can deliver that,

does this now mean malaysia can be normal? how we need to figure out these guys are going to govern. it is not just, what are their priorities daily, you have four mahathir hasthat to deal with. he has been in power since britain and 57. the government has been the party and party is a government. how do you do this? step back and be the chairman of the cabinet or is he back to being hands-on ceo as he was during the 22 years? is the relationship between the prime minister's office in the finance ministry. when mahathir fired anwar and imposed the capital control, never again he said am i going to let the finance ministry become an independent sanctuary of power. ever since then, he is always had the finance ministers portfolio. does that continue? what is the relationship with them? to come out of jail so he can become prime minister. when is he going to let that happen? dan, i'm going to bring her back into the conversation and she spoke with him a couple of months ago. do you sense this time it would be different? be becaus

politics in malaysia is the politics of ethnicity.account for 60% of the votes. most of them sit in the rural tland. without these boats, no party can win. essential malaysian's boat for the party and the coalition they want. that is the reason why both sides are looking for the t sunami that has to provide the vote. the chinese form 20% of the population. they have been pulling away from the ruling coalition for the past few years. we saw 80% of the chinese abandoning the probably the ruling-- government in the past two elections because the policies implemented were in favor of the malaysian majority. we have seen the shift and now the population will have to decide where they want to bring the country to. avid: thorny issues there. thank you so much, our chief international correspondent. ipl.g up, we are talking it is worth less than expected. a closer look at the company in the market. more on that ahead. , about wheree prices are headed after the u.s. exit from the iran nuclear deal. this is bloomberg. ♪ haidi: strong gains acro

and malaysia and singapore.are more concerned about because of medium-term impact is much bigger than from the tariff war. rishaad: always a pleasure. jahangir aziz, head of emerging markets economic research at j.p. morgan chase. i want to highlight a feature on the bloomberg terminal, interactive tv function, tv . you can catch up with previous interviews and dive in to any bloomberg functions we talk about. become part of the conversation like sending instant messages during programming. this is for subscribers only. tv . this is bloomberg. ♪ ♪ adding to the lunch break in tokyo. the state of late, a date of green across. a 200 point game to date. the broader market not doing quite as well. 39 cents again. let's look at movers. mazda a company that has seen change at the top with its new chief executive coming in. retiring effectively, or becoming nonexecutive. price up 1.3%, mitsubishi ufj, share price under a little pressure. we have mizuho moving slightly in the opposite direction. japanese banks d

malaysia and singapore, with about 90% of the rail network set to be in malaysia.alued by analysts at about $17 billion was out for tender and was expected to be completed by 2026, at prime minister mahathir mohamad who w011 prime minister mahathir mohamad who won a surprise election victory earlier this month says it would be too costly and they will make no money out of it. it is going to cost us money out of it. it is going to cost usa money out of it. it is going to cost us a huge sum of money, we will make fio us a huge sum of money, we will make no money at all from this operation. it is only a short track, it is going to save only one hour by taking this train. david, the 92—year—old leader has made it a priority to cut the national debt and has cut big projects agreed by his lead assessor, that he says are expensive and have no economic benefit. malaysia may have to pay about $125 million to singapore to get out of this project. he estimates that malaysia could cut by almost a fifth of its $250 billion national debt and liabilities by scrapping big projects

on about us and this is all just a live from doha also coming up malaysia's former leader mohamed wins a shocking election victory and during the sixteen year reign of the ruling party. nobody thought this was going to happen and if it did it would be years or decades donald trump wins the release of three american prisoners from north korea now they're flying home. and rage into iran over donald trump's decision to pull out of the iran nuclear deal. as protesters american flags. ok let's go straight to some breaking news in the golan heights the israeli military says iranian forces in neighboring syria have fired rockets at their positions. air raid sirens have been heard in the area and israel says it intercepted some of the incoming fire so far no deaths have been reported israel says its forces have responded. and meanwhile the syrian government says this video shows its army firing missiles in response to israeli attacks on damascus suburbs our correspondent ari fawcett's joining us now on the phone from jerusalem we're getting slightly different reports of these incidents harry b

it will mean lots of opportunities for malaysia and businesses.oblem with chinese investment in malaysia is that most projects had chinese investors doing the construction work. these companies we re construction work. these companies were essentially cut out, so they will now get an opportunity to get back into business. that is going to be positive. in addition, lots of malaysian companies likely white dear, they haven't invested much in malaysia over the last 20 years, they have invested overseas. now they have invested overseas. now they will be looking to go back in. the fact that robert kwok is part of the new council of elders is a symbol. we already have a well-known businessman, tony fernandes, apologising for backing the ousted prime minister, noted razak, so corporate alignments will change, because this is a country where backing the right horse is good for business. the airline sector is a very regulated sector, but he also appears to have made an awful political mistake, just before the election, so he is quick to apologise. i think

a historic switch of power in malaysia.tory ending the six decade rule of the ruling party. covering the stunning shift of power. like in thisle 92-year-old former premier? with mahathir mohamad coming back, there is hope that there will be sweeping change when it comes to issues that have plagued the administration. losing power after 61 years at the helm of the country -- the rule of law very much top of mind in a press conference. mahathir mohamad did take note of this -- when asked if he would take revenge -- he said the rule of law would apply for everyone. there certainly will be sweeping's to be done. we will hear whether we will get a new prime minister by this evening. tom: thank you so much. her evening, our early morning in new york. james sweeney of credit suisse in charge of economics. the latest unrest in emerging markets, strong dollar, this story -- is there a correlation lining up or are they audio syncretic? james: we had a slowdown in global growth. the dollar strength coincides with weakness in emerging

and will continue to give so much to malaysia. i apologise, continue to give so much to malaysia. once again, for the pain malaysia. i apologise, once again, forthe pain and malaysia. i apologise, once again, for the pain and hurt that i caused. my for the pain and hurt that i caused. my views, as i said earlier, a very much the same as all of your views. i look forward to a fantastic new malaysia. tributes have been paid to tessa jowell, the veteran british labour cabinet minister, who has died after spending her final months campaigning for better treatments for brain cancer. she was 70 and was diagnosed with a brain tumour a year ago. the bbc‘s nick robinson, who interviewed her during her illness, reports. i spent a huge amount of time with people with cancer... tessa jowell knew she had just weeks to live when she launched one last campaign to improve cancer care for all. i am not afraid. i feel very clear about my sense of purpose and what i want to do. and how do i know how long it's going to last? baroness jowell. hear, hear. a public servant to the very last, dame tessa s

the former opposition leader proclaims a "new dawn" for malaysia. at the same time, police raid the home of the defeated prime minister as they investigate his multi—billion dollar investment fund. uncertainty surrounds the summit between the us president and the north korean leader as pyongyang threatens to cancel the talks. but donald trump says he remains hopeful. and this story is trending on bbc.com. so, what are you hearing? is it laurel or yanny? the internet is divided. apparently, it's all a matter of which frequency you hear. that's all from me for now. stay with bbc news. and the top story here in the uk: the east coast mainline is to be taken back into public control temporarily, after the government decided to end the franchise five years early. now on bbc news, all the latest business news live from singapore. chinese tech heavyweight delivers a record quarterly roberts because of its legion of mobile gamers. then the chinese manufacturing city will be one of the big losers if a trade war with the us breaks out —— reports. good morning

malaysia in the eighty's and ninety's. israel's defense minister says his military has destroyed nearly all iranian military installations inside syria other don't leave him and says it was in response to be rainy and rockets fired at israeli positions in the occupied golan heights the number of dead from a dam kenya's no coup county has risen to at least forty nine heavy rain cools the patel dam to break its banks destroying hundreds of homes. and in another diplomatic development three americans freed from prison in north korea have now arrived back home president met them at an air force base outside washington d.c. correspondent kimberly how it was. back in the united states it's been more than a year since kim haq song and tony kim have seen their families for kim don shula it's been even longer he was imprisoned in north korea two years ago forced to do hard labor after being convicted of espionage speaking through a translator kim described his treatment in north korea forced to work but also treated well when sick

currently here in malaysia were the result of his time in power including of course the promotion of his. so he says he accepts that but will soon hand over power to what the person he believes should be the rightful prime minister of malaysia and that's and what you bring him the leader of the opposition currently languishing in prison and probably today in his prison cell enjoying some of these titles peter rob thanks talk to later. still to come here on al-jazeera a hostage situation at a prison in indonesia has ended we'll have the latest. the my moral compass is strong i would not allow the cia to undertake activity and donald trump's nominee to head the cia promises not to use torture against detainees if she gets the job. how i once again we're still struggling to shake off the shabby weather across the middle east we've got a fair amount of cloud pulling out of iraq into iran up towards the caspian sea and look how that cloud just runs its way down into the gulf as well for good measure it will not a little further north which in this was as we go through thursday ahead of th

of the berri son national coalition the alliance has ruled malaysia for decades and mahathir himself was prime minister for twenty years at the party's head. now in a remarkable turnaround anwar is set to become prime minister mahathir says he'll turn over power once and more is pardoned. that can't happen soon enough for and more supporters who described his joy at the events extremely good news. especially up a bit with the fall over the years you know in the context of people move one way that what the militia is as a whole it is about sixty years. about it's a national government and over it's all over obviously very happy that it now the world awaits on mars a release from a jail cell to the heights of power. now for the annual extravaganza a euro vision the first time the international singing contest is being hosted by portugal so we finds of it happening this week in the capital lisbon with twenty six countries taking part that are getting ready for saturday night's grand final. eurovision is as much about the spectacle was the song and as far as that goes estonia's elina nic

i remind -- i remember when i was in malaysia.rts --15, yellow yellow shirts, not sure i survive that. what changed. remove ormport and to one is more of a subsidiary .ssue in 2013, the coalition nearly lost. they lost the popular vote for the first time since britain. this is a train wreck that was decades, years in the making. one was really one factor. >> i asked what changed. broughtchanged is they -- back. daysmade the world comfortable with voting for the opposition. which, you know, historically is a company with chinese parties. >> but will they actually change anything given that they actually centralized power when he was prime minister? >> this is one of the questions. the primeew up under minister. >> what that might mean in the country, almost meaning anything he does might be worse than the scandal. >> the party is the government. the group is bringing into the office. meaningfulny kind of government experience. priorities let alone medium to long-term priorities , hehe group of parties probably never expected themse

i want to turn to malaysia. talking about what is happening in malaysia overnight. a big shock from the political point of view. why is the market reacting negatively? mark: some of the promises from the party or the group of parties which ran the election suggest they want to reserve the goods and service tax which is the big revenue generator for malaysia. introduceant to others. they took away some significant revenue but they are not saying how they will generate more money for themselves on the other side. the credit rating agencies are looking at malaysia a bit suspiciously. monday's see these things as credit negative. that is a shock to bondholders. it is just as well the local markets are closed. they will be closed tomorrow as well. the equity market will be a lot lower. the etf which trades in new york last night was down as much as 9.5%. an indication this is a big shock to -- shock to investors in malaysia. >> once you dig below the surface, is that a mitigating factor behind what you just said? he has to bring together for groups of people who have nev

the straits times has a story on high speed rail in malaysia.from kuala lumpur to singapore to be dropped. malaysian prime minister mahathir mohamad says this is due to the former government racking up $371 billion in debt. the south china morning post has a story about the plight of elderly poor people. eight in every ten hongkongers who make a living by scavenging for discarded cardboard and other waste on the streets are women. they earn just over $90 us dollars a month from collecting cardboard. on the front page of the japan times, yokohama is to get aerial gondolas ahead of the olympics. private sector companies are planning to build seaside aerial gondolas in the port city, aiming to attract tourists coming from abroad for the tokyo 2020 olympics. now babita what stories are sparking discussions online? the new star wars movie solo: a star wars story, has failed to make the impact disney had hoped in north america. experts had predicted ron howard's film about a young han solo would take between $130 million and $150 million on its debut

of malaysia. i think even. and it. is. one hour from the pollen in kuala lumpur. he has been waiting in the palace and from what we understand there has been no swearing and now this says two things about the situation here one many people do not on know or the political system is not equipped to handle such a monumental change this is the first time are seeing a new governments or a new party in place and to perhaps mattera may not have as much sway as he thing he thought or he had previously when he was prime minister mahathir even himself has admitted that he will have to devise new ways now with this new political system or to create a new political system to accommodate this kind of a political change it doesn't necessarily mean he automatically becomes the prime minister he will have to be nominated but his coalition members will probably do that you will have to be endorsed by the king so it's all very likely that you will be if we see the current developments or the current events go according to how it should be according to the political system let's bri

hello i'm rob matheson this is the news our live from doha coming up in the next sixty minutes malaysia's former leader matteo mohamed wins a shocking election victory ending this sixteen year reign of the ruling party. nobody thought this was going to happen and if it did it would be years or decades donald trump wins the release of three american prisoners from north korea now they're flying home. i go and rage in tehran over donald trump's decision to pull out of the iran nuclear deal as protesters barn american flags. and the right to die the controversy surrounding a one hundred four year old australian who wants help to end his life. i'm beginning this news hour in malaysia where there's been a stunning and unexpected upset in parliamentary elections for the first time in sixty years an opposition alliance will form the next government ninety two year old former prime minister mahathir mohamad will once again be back in the top job he replaced who became embroiled in a major corruption scandal while mcbride reports from kuala lumpur. kuala lumpur supporters of the opposition allianc

malaysia's constitutional monarch hasissued malaysia's constitutional monarch has issued a part aboutago. anwar ibrahim is out and about. he is in the palace by me now having a meeting with the king. so it is quite excellent for many malaysians to see this, this man who has symbolised opposition to a party that never lost power in 60 years of rule, and is now out. what happens now will be interesting to watch. of course, there are long—standing historic rivalries and some bitterness between him and doctor mahathir mohamad. they say that they have put that aside. doctor mahathir mohamad was a brilliant campaigner. anwar ibrahim, of course, has to fightan anwar ibrahim, of course, has to fight an election. he has been pardoned so is free to get into politics. doctor mahathir mohamad has said that within two years he will step aside and allow anwar ibrahim to become prime minister. but there is a lot of work to do not just in carrying out the transition, but also in managing this quite difficult relationship between these two very strong—willed man. jonathan, thank you very much indeed f

a pardon for a jailed opposition leader in malaysia comes off the country's new prime minister is sworn in. donald trump welcomes home american prisoners from north korea and sets the stage for his highly anticipated meeting with kim jong il. iran's foreign ministry has responded for the first time to israel's largest attack in syria for decades israel says that it destroyed iranian basis in response to rocket attacks against its forces in the occupied golan heights an iranian spokesman called the claims baseless and fabricated harry force that reports. cockpit video from israeli warplanes is they carried out the largest and most prolonged air strike in syria since the start of its civil war israel says it hit dozens of iranian military targets as well as five syrian anti-aircraft installations israel says it was a response after iranian forces launched twenty rockets at israeli targets in the occupied golan heights we have made it very clear that we are here to defend ourselves those who started this round of violence were hearing ins who attacked israel we responded accordingly and we

looks pretty somehow well there's a big election there was a big election in malaysia and sarah you have the news on the donors i don't know if i see the resemblance in those labels because isn't it i think bit of a stretch thank you so much monica as monica mentioned we're heading to malaysia and how where the national police chief says that security in the country is under control and that police will ensure a smooth transition of power following the shock election victory of the opposition leader there mohamed the ninety two year old former authoritarian ruler is expected to soon be sworn in as prime minister and become the world's oldest head of government his election ends more than six decades of control by the only national front coalition and the defeated income it not to russia has accepted defeat. well let's bring in now florence louis a correspondent joining us from kuala lumpur welcome to you florence. how shocking has this been to the people there and what is the reaction coming in. well it's been a real shock i think no one really expected and people who support the opposit

how can malaysia compete?ch of digital trade free zone. there has been a big that for a lot of companies to focus over here. companies why they want to move your, malaysia is costly. i've worked in hong kong, i have worked in singapore, there is a skill that there needs to be improved on. i have built a local team. i am as good as my colleagues, they need the right training, the right investment. friends, myseen partner who move back from hong kong to malaysia, you see a green game from people who want to contribute. it helps the economies were not doing too well. there is always foreign country by us. >> thank you so much. from our racial ventures, managing partner -- ritual ventures. people, 1532 million million registered voters. back to you. yvonne: thanks to rhl managing partners member. up next, we speak to the president of an electric carmaker and find out how he is hoping to grab a bigger slice of china's keep the market. this is bloomberg. -- china's dep market. this is bloomberg. ♪ ♪ this is "daybrea

and it's one of the world's greatest aviation mysteries the four year hunt for malaysia airlines flight m h three seventy comes to an end but relatives of the two hundred thirty nine people on board still want on some. kind of welcome i'm with that she stalked morning to italy from the e.u.'s budget commissioner. he's told italians that it would be dangerous to vote for populists in elections lockley to come later the sale this off to italy's populist allowance promised to deny the new caretaker prime minister a look at that early autumn entry approve it. he was appointed by the italian president following the collapse of what would have been it's a these first populist government here's what going to i think i had to see an exclusive interview. we have faith in the new technocratic government and expect that a potential election would mean that italy would be led by a pro european government. but. my concern. is that the coming weeks will show that developments in italy's markets and economy. become so far reaching. that it might become a signal to voters after all not to vote for harv

and dissipated meeting with kim jong un ninety two year old man as your mohamed is sworn in as malaysia's prime minister just hours after winning standing victory and the dam bursts in kenya unleashing a sea of water forty nine people are killed officials say the death toll could rise . thank you for joining us israel says it has the story all of iran's military infrastructure in syria in a wave of overnight strikes it's in retaliation to alleged iranian attacks on israeli positions in the occupied golan heights with prime minister benjamin netanyahu warning iran that it had crossed a red line tehran has yet to respond officially but senior iranian politicians have denied that iran was behind the attacks we're going to have more on iran's reaction in just a moment but we begin our coverage with harry forsett from the occupied golan heights. cockpit video from israeli warplanes is they carried out the largest and most prolonged air strike in syria since the start of its civil war israel says it hit dozens of iranian military targets as well as five syrian anti-aircraft installations israel

when malaysia became independent so there is so much uncertainty and people just want something to be confirmed they want the person they voted for the party they voted for to be confirmed as the new government and meanwhile the previous governments about the deeds government still hasn't conceded in any way and they're still also leading are feeding this uncertainty saying it's up to the palace and then five hours ago the palace a palace spokesman had said that they are not going to endorse anyone today so in general it's this feeling of uncertainty the fact that there isn't a government in place anymore and that's also a few of the things could change at any moment now according to the constitution as the g but said in that sound bite the palace has to endorse it which is why my fear mohamed put this self-imposed deadline in less than an hour his spokespeople are saying that they are going to be meeting representatives of the palace and there is going to be some acknowledgement that mark there will be the next leader of the country but we're not hearing this from either the state me

ninety two year old mattera mohammad is sworn in as malaysia's prime minister just hours after a stunning election victory. and down in kenya unleashing a sea of war forty nine people killed officials say the death toll could rise. u.s. president donald trump has confirmed the date venue for an historic summit with north korea's leader as is customary the president announced this on twitter saying the highly anticipated meeting between kim jong un and myself will take place in singapore on june twelfth we will both try to make it a very special moment for world peace. let's go live now to hide your castro who's in washington any further details on this meeting. i maryam we know that the location of singapore came as no surprise to watchers in the united states trump had been wavering between either singapore or the d.m.z. he ruled out the d.m.z. in past days which led with singapore with his official announcement via twitter earlier today singapore is seen as neutral territory for both the u.s. and north korea the u.s. naval presence as well as a north korean embassy one of fewer than fif

if it does happen, this is new territory for malaysia.er before been a tra nsfer of there has never before been a transfer of power in this country since independence. they might actually achieve this historic change, it has given an incredible atmosphere, one of real excitement and tension and anticipation. we will return. we will get more analysis on the significance of the historic election result in malaysia. another major story we're covering is the release of three american citizens who were being detained in north korea. this is kim dong—chul, one of the three men flying home with the us secretary of state, mike pompeo. they're expected to land at andrews air force base, just outside washington, later today. and the president has tweeted that he will be there to meet them. our correspondent, stephen mcdonell, gave us this update from seoul. well it seems like they are in quite good health, according to the reports from donald trump via his twitter account. on the way back the plane stopped in japan twitter account. on the way back

the alliance has ruled malaysia for decades and mahathir himself was prime minister for twenty years at the party's head. now in a remarkable turnaround anwar is set to become prime minister mahathir says he'll turn over power once anwar is pardoned that can't happen soon enough for and more supporters who described his joy at the events that mean. this push me up a bit with the full ovals that he owes you know in the context of people move one way that what they'll malaysians as a whole get that in about sixty years. but it's on the kind of government you know it's all over obesity with very happy that now the world awaits anwar is release from a jail cell to the heights of power. in tennis rafael nadal has set a new record of fifty consecutive set wins on a single surface and route to victory in the last sixteen of the madrid open the world number one surpassed the previous record set on carpet by none other than john mcenroe which had stood since one thousand nine hundred four argentinian diego schwartzman was brushed aside six three six four as the spaniard claimed his twenty fir

in malaysia's towns and cities, the hungerfor change malaysia's towns and cities, the hunger for changee hungerfor change is evident. in the countryside, where life is simpler, not so much. the opposition is getting its message and its party colours out here, but it can't be sure if that is enough to change their voting habits. you are watching newsday on the bbc. still to come on the programme: the archaeology that prove filipinos have a much longer history than previously thought. also on the programme: soldiers from outer space. just how realistic is donald trump's new idea for american security? i, nelson rolihlahla mandela, do hereby swear to be faithful to the republic of south africa. after six years of construction and numerous delays, the channel tunnel has been formally opened by the queen and president mitterrand. but the tunnel is still not ready for passengers and freight services to begin. for centuries, christianity and islam struggled for supremacy. now, the pope's visit symbolises their willingness to coexist. roger bannister became the first man in the world to run a m

malaysia kuala lumpur now where within just the past couple of hours the king of malaysia has sworn in the world's oldest prime minister at the age of ninety two he is a familiar face to many am here mahathir mohamad already the longest serving malaysian prime minister he was in power for twenty two years in the eighty's and ninety's now he has completed a remarkable political comeback the former leader of the ruling party caused a big shock when he headed up an opposition alliance to their first election victory ousting the ruling party for the past sixty one years he is replacing that . has caught up in a seven hundred million dollars corruption scandal so that's. how their moms are speaking right now to his supporters wayne hay was there a little bit earlier at the swearing in ceremony. it was a long day for mohammed as he waited to be sworn in as the seventh prime minister of malaysia the ceremony eventually happened in the palace behind me in kuala lumpur just before ten in the evening local time the expectation was that it would happen on thursday morning the morning after the el

astray and the netherlands blamed russia for the deaths of two hundred ninety eight people aboard malaysia airlines flight over ukraine in twenty forty. three and four again this is al jazeera live from doha also coming up donald trump expresses hope for peace with north korea after he canceled the historic summit between the leaders of the two countries. a man whose downfall triggered the me to movement turns himself in disgraced movie mogul harvey weinstein has been charged with rape plus the e.u. enforcing you data privacy rules leaving some companies scrambling to keep up. the story and the netherlands are holding russia legally responsible for the downing of a malaysia airlines flight over ukraine in twenty fourteen and they want russia to compensate the victims' families on thursday international investigators concluded that the missile that shot down the jet came from a russian military unit all two hundred ninety eight people on board died most of them dutch malaysian and australian president vladimir putin said that russia doesn't trust the investigation. astray in the netherlands

emnne: in terms of the countries, malaysia, turkey, where does malaysia stand for you? surprising election yesterday, so it is a bit of a wash of the moment. a 92-year-old president coming in, he actually made a comment yesterday's surprising us, saying that we may want to hang around a little while -- saying that he may want to hang around a little while, even at that age. the market was closed yesterday, but in the forward market, there was a selloff. i think there are quite strong , they are in oil exporting country. betty: how much more do you think the ringgit could strengthen further? hayden: one of the things happening in asia right now is that we have been selling currencies that had current account deficits and purchasing currencies that had current account surpluses. what is happening is that people are starting to trade as a bloc again. people are selling asia as a block and starting to put the lengths back and say, if they can sell off 20%, that is not it yet.g opportunity just we are word -- if the dollar takes off, that is the single biggest risk right now

in malaysia, a stunning victory in the country's election. rule ofthat six decade the prime minister's party in a landmark shift for the southeast asian nation. the nation's longest serving premier defected to the opposition and will return to the power at the age of 92. markets are closed today and tomorrow after the government declared a public holiday. said itnk of scotland has reached a tentative agreement to pay a penalty to resolve a long-running u.s. probe into its packaging and sale of mortgage backed securities. before the fall of it 2008 financial crisis. the lender say most of the cost will be covered by money it had already set aside. it will cut second-quarter earnings and deutsche bank had estimated rbs might have to pay $9 billion to resolve the matter. italy's former prime minister silvio berlin's gone he has said he is open to the formation of a government by the anti-establishment five-star movement. saying he would not veto such an administration and would support the policies of the alliance led by the leak. global news, 2

midweek all eyes will be on malaysia's general election.t is an interesting one this year, with mahathir mohamad campaigning against the incumbent prime minister najib razak. earlier i spoke to our correspondent in kuala lumpur, the chief correspondent at research company ihs. i asked correspondent at research company ihs. iasked how correspondent at research company ihs. i asked how important the health of the malaysian economy will be for this political contest. malaysia's entering the poll if the economy in very good shape. back in 2014, when oil prices had fallen, the malaysian economy had had some shocks. but last year it grew at 5.9%, helped by a booming electronics globally, as well as improving oil prices. and that momentum has continued. but whoever becomes prime minister, whether najib razak remains as the leader of the country or mahathir mohamad ta kes the country or mahathir mohamad takes over, can the growth be sustained with their economic reform policies? i think this year we are expecting growth to be around 5.5%, so are ne

the world's oldest elected leader takes over in malaysia and then promises to help a former opponent he once put in prison. looking for a lifeline argentina goes to the i.m.f. for a loan hoping to avoid another economic crisis. israel has issued a stark warning to iran and syria saying that if they attempt to hit israel they'll pay the price it comes after israel claimed it destroyed nearly all of iran's military infrastructure in syria in a wave of strikes early thursday it was in retaliation to alleged iranian attacks on israeli positions in the occupied golan heights prime minister benjamin netanyahu is threatening further action. of a bomb iran crossed a red line our response was appropriate the israeli army carried out a broad strike a very broad strike against iranian targets in syria i sent a clear message to the assad regime our action is aimed at the reigning targets in syria but if the syrian army will act against us we will act against it well iran's denied that it was behind the attacks and there's been no official response from the iranian regime but a senior politicians

malaysia's new prime minister says that the king has agreed to pardon the jailed opposition figure on what ibrahim immediately mohammed also promised to reveal his cabinet on saturday the ninety two year old was sworn in on thursday after a win that swept the opposition to power for the first time you bring in is in custody on charges of sodomy and corruption and how to mohamed says that he plans to hand over power to him within two years. is we to be a full blooded was mean is that each you know really be added each to be the least immediately when east. and then you see you or. this speech really in. one hour from al-jazeera is way hey who's in kuala lumpur. this is the hospital where abraham has been recovering from shoulder surgery under a prison guard he is still in there because he is still serving a five year jail term for sodomy a charge that he says is politically motivated we've seen some of his family members going in there to visit him also some senior members of his party and coalition well on friday morning the new prime minister of malaysia mohammed wasted no time getti