Sons of former PMs in the limelight in Asia

Updated: Sunday October 20, 2013 MYT 2:43:16 PM

Sons of former PMs in the limelight

There was a great deal of excitement at Datuk Seri Dr Ahmad Zahid Hamidi’s dazzling win as the top Umno vice-president but it was the two sons of two former Prime Ministers who provided the thrilling finish.
DATUK Seri Dr Ahmad Zahid Hamidi was the man of the moment last night. There was an incredible energy around the top Umno vice-president when he arrived at the fifth floor of the PWTC at about 11pm. Everyone loves a winner and he was swamped by supporters and the media as he emerged from the lift. Zahid’s dazzling win at this prestigious level in the Umno hierarchy means that he is now one of the most powerful figures in the party. The win is not just about enhancing his status in the party but it is also an acknowledgement of the Home Minister’s tough approach on crime and security and his unapologetic defence of Malay and religious issues.At press time, insiders from his campaign team said he had secured support from 165 divisions and it looks like he will score a near clean sweep of the 191 divisions by the time everything is over.
He has torn through every division like a tornado and only Jempol in Negri Sembilan did not give him the endorsement.
But the thriller of the evening was the way the two sons of two former Prime Ministers were going almost neck-and-neck from start to finish.
Unofficial results indicated that Datuk Seri Hishammuddin Tun Hussein has pipped Datuk Mukhriz Mahathir to the finishing tape.
The Defence Minister has narrowly survived one of the toughest fights of his political career.
From the close call, it appears that Hishammuddin, 52, and Mukhriz, 48, were battling over the same turf.
Their appeal was among those who want to see younger faces among the higher echelon.
Hishammuddin had the edge as the incumbent. He also had the support of the top Umno leaders including his cousin and Umno president Datuk Seri Najib Tun Razak.
There was a tremendous push for him by the Umno top guns in the final stages of the campaign and that helped him breast the tape.
Mukhriz had a few things going against him, namely the Umno establishment who wanted to stick with the existing formula.
He was fighting the Big Boys Club who felt that he was still new and should wait his turn while he proved himself in administrating Kedah.
Despite denials from various quarters it was evident there was an order from high up to maintain the status quo.
Some called it the “arahan 123” (123 order) to keep Zahid, Hishammuddin and Shafie up there.
Mukhriz’s supporters will probably cry foul and the bloggers who are rooting for him will be going full blast at the unfair treatment. But that is politics and Hishammuddin just happens to have more influential and powerful alliances than his opponent.
Besides, Najib was comfortable with the current line-up, warts and all. The three winners go back a long way with him and that is the way he likes it.
The Kedah Mentri Besar will just have to live to fight another day. He will have to rely on his track record in Kedah to make his way up the ladder.
His campaign was also free of money politics and cynics said that had probably contributed to the state of affairs.
It is a fact that money makes the world go around in Umno politics.
But losing at this point will set him back in his rivalry against Khairy Jamaluddin who won a second term as Umno Youth chief in a decisive fashion.
The other big surprise of the day was the strong showing by Datuk Seri Shafie Apdal.
He was close on the heels of Zahid as the results started coming in and at one stage, he was only about 10 divisions behind.
The Sabah politician was on a roll. It seems like Umno wants to send a strong signal that Sabah is a valued friend of the party and also to say thank you for delivering all those seats in the general election.
But within the party, many said that Shafie’s win was also a result of his personality as a down-to-earth politician who is always smiling regardless of whether he is happy or stressed out.
His portfolio as Rural and Regional Development Minister also carries weight among the Umno grassroots.
The other two candidates Datuk Seri Mohd Ali Rustam and Tan Sri Mohd Isa Samad could barely garner 20 divisions between them.
This, despite the enthusiastic reception wherever they went. It was a stark testimony that the delegates want to give their votes to sunrise politicians rather than those in their sunset years.
They were two hugely likeable and popular figures but Ali, in particular, was seriously handicapped by the fact that he lost in the general election and is without a government post.
Zahid was unable to spend as much time on the campaign trail as his team would have liked him to.
Shortly after nominations day last month, he flew off to Melbourne where his son was seeking follow-up treatment for injuries sustained in a motorcycle accident around the time of the general election.
His son was in a coma for a while after that but is slowly recovering.
All eyes will be on Zahid over the next three years.
Will he be content to stay at the top of the VP heap or will he suffer from the usual three-year itch to move up?

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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