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Most stock markets gain, while oil prices edge up after latest plunge
Cambodian king appoints Hun Sen's son as new PM
Hun Manet was appointed Cambodia's new leader by the king on Monday, after having effectively been given the post from his father who ruled for nearly four decades.
Days after a landslide victory in July's election, Hun Sen -- one of the world's longest-serving leaders -- announced he was stepping down as prime minister and handing power to his eldest son.
The polls were widely decried as a sham after the main opposition challenger, the Candlelight Party, was barred from running over a technicality, with the ruling Cambodian People's Party (CPP) winning all but five seats in the 125-member lower house.
On Monday, following a request from Hun Sen, King Norodom Sihamoni issued a royal decree stating that he "appoints Dr. Hun Manet as the prime minister of the Kingdom of Cambodia for the 7th mandate of the parliament".
However, to officially become the country's next leader, the 45-year-old and his cabinet must win a confidence vote in parliament set for August 22.
The incoming government will usher in a crop of young ministers -- with some taking posts vacated by their fathers.
While insisting he would not interfere with his son's rule, Hun Sen has also promised Cambodians that he will continue to dominate the country's politics.
- Untried, untested -
Having come to power in 1985, Hun Sen helped modernise a country devastated by civil war and genocide, although critics say his rule has also been marked by environmental destruction, entrenched graft and the elimination of nearly all political rivals.
The United States, United Nations and the European Union condemned last month's polls as neither free nor fair.
Hun Sen rejected those allegations and said his handover, a dynastic succession compared by some observers to North Korea, would maintain peace and avoid "bloodshed" should he die in office.
He also warned that should Hun Manet's life be seriously endangered, he would return as prime minister.
While groomed for the position for years, the eldest son of Cambodia's iron-fisted ruler remains untested in the political arena, analysts say.
And there are few expectations Hun Manet will chart a more liberal path than his father, despite being educated in England and the United States.
A member of the ruling party's powerful permanent committee, he has been the Royal Cambodian Army's commander since 2018.
Hun Manet has also met some world leaders including President Xi Jinping of China, Cambodia's main ally and a significant benefactor.
After stepping down, Hun Sen will become president of the Senate early next year and acting head of state when the king is overseas.
J.AbuShaban--SF-PST