UPDATED 4.05PM | Tengku Razaleigh Hamzah (above) has formally announced that he will be contesting the Umno presidency at the coming party polls.

He will be going up against acting president Ahmad Zahid Hamidi and a little-known candidate, businessperson-blogger Rahmat Azim Abdul Aziz.

The party veteran said he will bank on his almost six-decade-long political career to lift the party out of the doldrums stemming from its unexpected loss at the recent 14th general election (GE14)...