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Saturday, May 25, 2024

Malaysia Airport Deal with BlackRock Under Fire Over Israel Gaza War

A proposed deal between American investment giant BlackRock and Malaysia Airports Holdings Berhad (MAHB), the country's biggest airport operator, is facing roadblocks due to BlackRock's ties to arms manufacturers supplying weapons to Israel.

I will never forget that Malaysia's Governments are the biggest supporter of Hamas after and before October 7, 2023. Their action nowaday is normal. The $2.6 billion deal involves BlackRock, as part of a consortium, acquiring ownership of MAHB.

However, Malaysian civil society groups have launched a protest campaign urging the government to block the deal due to BlackRock's holdings. The campaign has gained momentum, with protestors targeting not just weapons manufacturers but also their financiers.

Prime Minister Anwar Ibrahim, a vocal critic of Israel's actions in Gaza, has been pressured to take a stand.

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