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It's a straightforward case, just say 'no' to BlackRock, Anwar told

22 groups ramp up pressure on the prime minister to cancel the deal with a firm owned by US investment giant GIP in an airport consortium.

MalaysiaNow
3 minute read
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Prime Minister Anwar Ibrahim, seen here welcoming US ambassador Edgard Kagan earlier this month, has defended his plan to bring in BlackRock-owned GIP into a consortium to manage Malaysia's airports.
Prime Minister Anwar Ibrahim, seen here welcoming US ambassador Edgard Kagan earlier this month, has defended his plan to bring in BlackRock-owned GIP into a consortium to manage Malaysia's airports.

Twenty-two civil society organisations today called on Prime Minister Anwar Ibrahim to make "the right and conscionable decision" by excluding a company owned by controversial US investment fund BlackRock from a consortium to manage local airports.

In a joint appeal led by the Malaysian chapter of the global anti-Israel boycott movement Boycott, Divestment, Sanctions (BDS), they said the call for the government to cancel the plan was clearly justified.

"The situation is straightforward and widely understood: a Zionist entity is conducting a settler-colonial and racist genocide in Gaza. To halt this atrocity, those opposing genocide must act collectively to disrupt the systems enabling such crimes against humanity," reads the statement signed by prominent Muslim and pro-Palestinian groups.

"This means refusing to engage or collaborate with entities complicit in these actions. Understanding this context clarifies why BlackRock should not be allowed any involvement in our nation’s strategic assets."

It comes as Putrajaya appears to have launched an aggressive media campaign to discredit critics of the plan, which would see BlackRock-owned Global Infrastructure Partners (GIP) taking a 30% stake in a consortium to manage Malaysia Airports Holdings (MAHB), alongside the government's investment arm Khazanah Nasional and the Employees Provident Fund (EPF), both entities under the jurisdiction of the finance ministry led by Anwar.

In the face of mounting pressure to scrap the plan, Anwar defended the sale of the shares to GIP, arguing that the government could not cut ties with companies that have ties to Israel because it would "harm the country's economy".

Anwar also accused critics exploiting the Palestinian conflict to score political points.

BlackRock has been the target of protests over its various investments, ranging from fuels to the arms industry, making the company complicit in war crimes. Photo: CodePink
BlackRock has been the target of protests over its various investments, ranging from fuels to the arms industry, making the company complicit in war crimes. Photo: CodePink

In their statement today, the groups said Anwar must maintain his "commendable" stance on Palestine by preventing "entities complicit in atrocities being committed in Palestine a foothold in our nation".

"It is now public knowledge that BlackRock has been identified as complicit in the ongoing human rights violations in Gaza," they said, referring to a statement released last week by dozens of UN experts.

"Implicit in the UN statement is the obligation for member states to exert pressure, by any means available, on parties complicit in or enabling war crimes and genocide in Gaza to cease their actions immediately.

"Malaysia as a UN member state should take heed of that call and fully oblige by immediately telling BlackRock that it is not a welcomed partner in the ownership and running of our airports," the statement added.

The BlackRock issue has emerged as one of Anwar's greatest challenges since his appointment to the top post,and comes against a backdrop of a perception that he is more friendly with the US and Israel, with critics citing past statements including his interview with the Wall Street Journal in 2012 which quoted him as saying that he would "support all efforts to protect the security of the state of Israel".

Anwar has taken pains to change this perception with speeches and statements criticising Washington's support for Israel, in addition to his attendance at meetings with global Muslim leaders in the wake of Israel's bombing campaign in Gaza last year which has so far killed at least 35,000 Palestinians.