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Wednesday, August 24, 2016

US-S.Korea must take blame for North's nuclear move; provocation heightens insecurity, sabotages stability

 
Provoking Pyongyang -  Shen Lan/GT: Pyongyang is provoked by US and South Korea

North Korea's Atomic Energy Institute on Wednesday claimed that it has reprocessed spent nuclear fuel rods removed from a graphite-moderated reactor in a written interview with Japan's Kyodo News. It also disclosed that its Yongbyon nuclear facilities have produced uranium needed for nuclear armaments. At a time when Beijing and Seoul are in a tug of war on the deployment of the Terminal High Altitude Area Defense (THAAD) anti-missile system, Pyongyang has thrown a bombshell.

North Korea mothballed the Yongbyon reactor in 2007 under the Six-Party Talks accord, but began renovating it amid the confrontation with the US and South Korea in 2013. Kyodo's report suggested that North Korea has resumed its reprocessing facilities and its nuclear reactor is in full swing.

This is a dilemma facing China, the US and South Korea. The choice of the latter two is simple. The more nuclear activities North Korea will carry out, the greater pressure they will impose on it. But their tactics are of no help in solving the problem.

Given the increasing risks of a military strike by the US and South Korea and subversion of the regime, Pyongyang seemingly has no other choice but to intensify its efforts in developing nuclear power. China seems to have the most options, but that has put the country in a predicament. Beijing has cooled down its relations with Pyongyang and imposed the toughest ever sanctions against it over the past several years.

Complaints from South Korea that China hasn't pressured Pyongyang enough have often been heard. Seoul hopes Beijing and Pyongyang will openly turn against each other. It is even better for Seoul to see the North targets its nuclear weapons at China. Meanwhile, Pyongyang blames Beijing for taking the wrong side.

China should stay unwavering to pursue denuclearization in the Korean Peninsula. Meanwhile, it should hold firm to opposing any strategic military deployment by the US that will cause threats to China's security under the excuse of dealing with the Peninsula situation. North Korea's resumption of uranium production further complicates the Korean Peninsula situation. But currently, China should pay more attention to THAAD.

Pyongyang has paid the price for developing nuclear weapons, so should the US and South Korea for deploying THAAD. Any resolution by the UN Security Council to denounce North Korea and adopt new sanctions should be associated with the THAAD issue. The US and South Korea should take the blame if THAAD impairs the effectiveness of sanctions against the North. Nonetheless, Pyongyang shouldn't feel relieved. It would rather be totally isolated from the international community before it gives up its nuclear ambition.

China objects to North Korea's nuclear tests and war on the Peninsula. But once large-scale military conflicts break out, the North and South Korea will take the brunt. China doesn't need to feel more anxious than them. Global Times

S. Korea-US provocation heightens DPRK's insecurity, sabotages regional stability



https://youtu.be/vBCGw8iNpJc

Under the pressure of South Korea-US military drill and the widely disputed THAAD deployment, the Democratic People's Republic of Korea (DPRK) reportedly fired a ballistic missile early Wednesday, sending a strong signal that Washington and its allies are risking turning the region into a powder keg.

If confirmed, the missile launch would be a new violation of UN resolutions. However, the fact that it came two days after the South Korea-US drill simulating an all-out attack by the DPRK merits a closer look at its motivation.

Denounced as aggression and provocation by the DPRK, the two-week Ulchi Freedom Guardian exercises will surely not make Seoul safer. Rather, it might compel Pyongyang to take even more reckless actions for the sake of its own security.

In fact, the United States and South Korea have been warned in advance by the north. Calling the South Korea-US exercises the "most undisguised physical measure and provocative action," the DPRK has vowed to "foil all hostile acts and threat of aggression and provocation with the Korean-style nuclear deterrence."

Within that context, the launch could be regarded as a tit-for-tat move of Pyongyang.

Washington and Seoul are playing a dangerous game. They are holding a wolf by the ears in the hope that their sabre-rattling would deter the DPRK. However, their plan dooms to be a wishful thinking, as muscle-flexing leads to nowhere but a more anxious, more agitating and thus more unpredictable Pyongyang.

Meanwhile, the launch, already the fourth missile fired by the DPRK after the announcement of THAAD's deployment on July 8, could be interpreted as a protest against the planned installation of the system.

It also serves a reminder to policymakers in Seoul that by allowing the THAAD deployment, South Korea is putting the cart before the horse in their pursuit of national security, as the key to security lies in good neighborly and friendly relations with its neighbors, rather than a bunch of US-made missiles.

The increasingly complicated and stinging situation in East Asia needs to be cooled down before it is too late, and at this moment, what the region needs is cool heads instead of miscalculations. The ongoing trilateral meeting among Chinese, Japanese and South Korean foreign ministers offers a golden opportunity. - Xinhua

Related:   DPRK fires submarine-launched missile as S.Korea-U.S. war games kick off
The DPRK on Wednesday test-fired a ballistic missile from a submarine off its east coast into the sea at a time of heightened tensions on the Korean Peninsula following the start of annual South Korea-U.S. war games, Seoul's military said.

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Tuesday, August 23, 2016

Philippine President Rodrigo Duterte's anti-drug war confuses US, allies

Quotes: 'Philippine President Rodrigo Duterte surprised the Western world recently by threatening to “separate from the UN,” and saying he would invite China and African countries to form a new international body.'
Philippine President Rodrigo Duterte surprised the Western world recently by threatening to "separate from the UN," and saying he would invite China and African countries to form a new international body.

Duterte's threat came in response to the UN's criticism of his anti-drug war that has seen more than 700 suspected drug traffickers shot dead on the spot by the military and police.

Philippine society is severely afflicted by drugs. Statistics show there are over 3.7 million drug addicts in the country, and drug dealers have formed a secure business network in collaboration with corrupt authorities. Duterte has publicly allowed military police officers to fire at will if necessary, and he has even encouraged vigilantes to kill defiant drug traffickers.

Duterte's new policy has won him great popularity and more than 600,000 drug traffickers and addicts turned themselves in half a month. However, the harshness of the anti-drug war has annoyed many Western media and human rights groups, which keep blaming Duterte for violating the rule of law and human rights.

Duterte's lash-out against the UN also featured criticism of the US. "Why are you Americans killing the black people there, shooting them down when they are already on the ground?" he asked. He also blamed the UN for not doing enough to deal with the human rights crises that are happening in Iraq and Syria and allowing big powers to bomb villagers and children.

Duterte's outspokenness makes him stick out among US allies. He was even dubbed the Philippines' Donald Trump before he was elected. His big mouth has raised concerns among the US and Japan particularly, which do not know whether he just talks, or he will walk the talk.

The Philippines' biggest value for the US and Japan is its territorial disputes with China in the South China Sea. Washington and Tokyo hope Duterte could remain aggressive like his predecessor Benigno Aquino III and continue serving as a bridgehead for their geopolitical game against China, but Duterte does not find this role tempting. He knows that the US and Japan will benefit in the South China Sea tensions, not the Philippines.

Duterte does not want his energy to be heavily consumed by the long-standing territorial disputes, but wants to put more effort into domestic governance. His first action is to eliminate the most disturbing problem of drugs. However, even though his radical move has gained popularity among the Filipinos, it is against the Western-branded universal value of human rights.

If the anti-drug war continues to expand in the future, pressures from the US and the rest of the Western world will rise dramatically, and the Philippine-US relationship will also be victimized and become bumpy.

The Philippines and the US are close allies with many rifts. Manila needs Washington, but holds aversion to any aggressive intervention in the Philippines' home affairs. This, instead of the South China Sea disputes, is the crux that lies within Philippine society. - Global Times

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Death Toll Soars in Duterte's Drug War - PressReader


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Saturday, August 20, 2016

Money, culture and the chase for Olympic gold


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https://youtu.be/-8qdKZhA_Uc


https://www.youtube.com/watch?v=63BmkZeq2mo

https://youtu.be/o2h1d6clCeE

Rio 2016 Olympic Games badminton mixed doubles winners - (from left) silver medallists Chan Peng Soon and Goh Liu Ying of Malaysia; gold medallists Tontowi Ahmad and Liliyana Natsir of Indonesia; and bronze medallists Zhang Nan and Zhao Yunlei of China. PHOTO: REUTERS

Although some countries offer financial incentives to its athletes, a genuine sporting culture may be the best guarantee of success at the Games.


SHOCK and awe just about sums up the stunning achievement of young Singaporean swimmer Joseph Schooling at the Rio Olympics.

His victory is classic David beating Goliath; he was the underdog from a tiny country that had never won an Olympic gold.

What made it all the sweeter and remarkable is that Schooling beat the mightiest, most decorated Olympian in history – American Michael Phelps who has won 23 gold medals – and set an impressive new record of 50.39 secs for the 100m butterfly event.

When news of Singapore’s first gold medal broke, it quickly overtook other stories emanating from Rio and became the talk of the world.

It eclipsed its Asean neighbours’ own Olympic gold successes: Vietnam’s shooter Hoang Xuan Vinh in the 10m air pistol competition and Thailand’s weightlifters Sopita Tanasan and Sukanya Srisurat in their individual weight classes and certainly overshadowed Malaysian diving duo Pandelela Rinong and Cheong Jun Hoong’s silver in the women’s synchronised 10m platform diving.

All are no small feats but there is a total of 28 sports in the Games, not counting those with multiple disciplines, and the most popular ones for a global audience are gymnastics, track and field and swimming, according to topendsports.com.

Among Asian nations competing in the Games, China and Japan are traditionally strong contenders in gymnastics and swimming although the Chinese gymnasts seem to be doing poorly this time around.

For most other Asian competitors, the sports they excel in tend to be the ones with less mass appeal like archery, shooting, judo, badminton and for some strange reason, women’s weightlifting.

Apart from the Thais, Taiwanese, Filipina and Indonesian female weightlifters have also won medals for their countries.

China remains the sporting powerhouse of Asia, sending its largest delegation of 416 athletes to Rio this year, but they have failed to defend their gold medals in sports they used to dominate like badminton and diving.

As for the glamorous track and field events, there doesn’t seem to be any Asian athlete who can challenge the likes of Usain Bolt.

Meanwhile, the other Asian powerhouse, India, with the second largest population in the world, has never done well at the Olympics, which has been the subject of intense debate among Indian and foreign sports pundits.

India also sent its biggest ever contingent of 118 sportsmen and women, and has so far won only a bronze medal in wrestling. Winning an Olympic gold medal is the Holy Grail of sports.

The pomp that surrounds the Games gives the gold medallists unparalleled honour and prestige. And the nations they represent go into collective convulsions of ecstasy and nationalistic joy, which make their governments equally happy.

That’s why many nations pour millions into sports programmes to nurture and train promising talents and offer great financial rewards to successful Olympians.

Schooling will get S$1mil (RM3mil) from the Singapore government for his gold medal. Vietnam’s Hoang reportedly will receive US$100,000 (RM400,000), a figure, according to AFP, that is nearly 50 times greater than the country’s average national income, of around US$2,100 (RM8,400).

Malaysia, which is seeing its best ever performance in Rio, thanks to its badminton players and divers, rewards its successful athletes handsomely under its National Sports Council incentive scheme.

An Olympic gold medal winner will receive RM1mil and a monthly pension of RM5,000; a silver medallist, RM600,000 and a RM3,000 pension while a bronze winner gets RM100,000 and a RM2,000 pension.

Taiwan, India, Indonesia, the Philippines, South Korea and Thailand have similar monetary reward schemes. North Korea uses a carrot and stick scheme: huge rewards for medal winners and hard labour for the failed ones.

Several western countries have the same financial bait, including the United States, France, Russia and Germany, but at a lower rate.

Does it work?

The Technology Policy Institute looked for a correlation and was mindful of variables like country size and income, “since those are surely the biggest predictor of how many medals a country will win: more populous countries are more likely to have that rare human who is physically built and mentally able to become an Olympic athlete, while richer countries are more likely to be able to invest in training those people.”

The researchers found no correlation between monetary payments and medals and said it was not surprising in some countries. In the United States, for example, a US$25,000 (RM100,000) cash award would be dwarfed by million-dollar endorsements the athlete could get.

The researchers also set out to see if the results were different for countries with lower opportunities for endorsements. Their conclusion: “overall the evidence suggests that these payments don’t increase the medal count” either.

Rather, countries that do well are those with a longstanding sporting culture that values and nurtures their athletes long before they qualify for the Olympics.

That is evident in Western societies where sportsmen, even at the college level, are feted and idolised. In Asia, however, the emphasis is more on book-learning and earning prestigious degrees.

The BBC quotes Indian Olympic Association head Narayana Ramachandran as saying India’s sorry performance is more than just a shortage of cash or organisation.

“Sport has always taken a back seat vis-á-vis education. Most Indian families would prefer their children became dentists or accountants than Olympians,” he says.

But that attitude is surely changing as more Asian sportsmen and women go professional and are able to make a good living.

In Malaysia, its most popular sportsman, badminton star Datuk Lee Chong Wei, is highly successful with a number of endorsements under his belt.

For now, it is still the Western countries that dominate the Olympic medal tally table. But it’s only a matter of time before more Asian nations, once no-hopers at the Games, rise up the charts.

It’s already started. The Rio Games will go down in history as a watershed for Asean, with two member states – Singapore and Vietnam – winning their first gold medals. May it be so for Malaysia, too.

 By June H.L Wong Chief Operating Officer (Content Development) The Star, Malaysia.
The writer was the former group chief editor of The Star Media Group Malaysia. This is the eighth article in a series of columns on global affairs written by top editors from members of the Asia News Network and published in newspapers across the region.

Heartbreak again for Chong Wei, Chen Long takes gold

The medallists (from left): Silver medallist Chong Wei, gold medallist Chen Long and bronze medallist Viktor Axelsen on the podium at Riocentro Pavilion 4. - AZHAR MAHFOF / The Star


https://youtu.be/63BmkZeq2mo

RIO DE JANEIRO: Lee Chong Wei, the king of Malaysian badminton, will leave the Rio de Janeiro Olympics without the crown – and so will Malaysia without the coveted gold.

The 33-year-old lost his third Olympic final after going down 18-21, 18-21 to Chen Long at the Riocentro Pavilion 4 on Saturday.

It was indeed a painful end for Malaysia as it was the third false dawn. Earlier, Malaysia had also lost in the men’s doubles and mixed doubles finals.

Malaysia thus will return home with a total of four silvers and one bronze.

The other three silvers came from Chan Peng Soon-Goh Liu Ying (mixed doubles), Goh V Shem-Tan Wee Kiong (men’s doubles) and divers Pandelela Rinong-Cheong Jun Hoong (women’s 10m platform synchro). Cyclist Azizulhasni Awang contributed the sole bronze through the men’s keirin.

Both Chong Wei, playing in probably his last Olympics, and Chen Long went onto the court to loud cheers from their countries’ supporters.

Chong Wei, who lost to Lin Dan at the 2008 Beijing and 2012 London finals, looked tentative in the beginning to allow Chen Long to open up a 4-0 lead. But he recovered his composure to lead 5-4.

After that, they traded point until it was 7-7 before Chong Wei pulled away for an 11-7 and then 14-10 lead.

But Chen Long refused to go away and managed to level at 14-14.

Twice Chong Wei surged in front but Chen Long capitalised on the Malaysian’s mistakes at the net to lead 20-17. Although world No. 1 Chong Wei managed to save one match point, his failure to return a smash gave Chen Long a 21-18 win in 35 minutes.

Oozing confidence, Chen Long was always in front in the second game – leading 4-1 and 5-2.

But Chong Wei fought back to go 8-5 up. Chen Long then went on a smashing spree, winning six points for an 11-8 advantage.

The 27-year-old world No. 2 never looked back after that as he always had at least a three-point lead.

Everything looked lost for Chong Wei as Chen Long reached 20-16. The Malaysian saved two match points but then sent the shuttle out to lose 18-21 in 38 minutes.

For Chen Long, it was his first Olympic gold to add to his two All-England and World Championships crowns.

Chong Wei can only look in envy as he’s still without a world or Olympic crown. He also lost in three World Championships finals.

Chen Long’s gold was only China’s second at these Games after Fu Haifeng-Zhang Nan triumphed in the men’s doubles.

Earlier, two-time Olympic champion Lin Dan fell from grace in probably his last Olympic outing after losing 21-15, 10-21, 17-21 to Dane Viktor Axelson in the 70-minute bronze medal playoff.

Medals By Countries - Rio 2016

London 2012 Olympics - Medal Table

Rio 2016 Asia Regional Aug 21 Medal by Countries


Rio 2016: China’s women golfer Lin makes Olympic history with hole-in-one shot


https://youtu.be/aI8F151tWOI

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Friday, August 19, 2016

Wira Dani, son of former Finance Minister Daim, declared a bankrupt

In a statement filed with the Singapore Exchange, Wira Dani(filepic) indicated that he intended to settle personal affairs following the court bankruptcy order, which he intends to resolve within the next 30 days.

PETALING JAYA: Datuk Md Wira Dani Abdul Daim, who just recently got appointed as Reliance Pacific Bhd executive director, has been declared a bankrupt by the high court of Singapore.

According to reports, the son of former finance minister Tun Daim Zainuddin failed to settle some S$1.65mil (RM4.9mil) in debts that he owed Maybank Kim Eng Securities.

Following the court order, Wira Dani stepped down as non-independent and non-executive director of Singapore-based gold company LionGold Corp Ltd.

He had also ceased to be the executive chairman of investment and investment advisory firm ISR Capital Ltd since Monday.

In a statement filed with the Singapore Exchange, Wira Dani indicated that he intended to settle personal affairs following the court bankruptcy order, which he intends to resolve within the next 30 days.

Maybank secured a high court judgment against Wira Dani in March to reclaim a debt of $2.459mil (RM7.3mil) that he owed.

This was said to have been borrowed by him to buy LionGold shares on a leveraged account.

Wira Dani, together with Daim’s wife Toh Puan Mahani Idris, emerged as substantial shareholders of Reliance Pacific, which operates the famous Avillion Hotel in Port Dickson, at end-July 2016 through their private vehicle Ibu Kota Developments Sdn Bhd.

Ibu Kota owns a 30.96% stake in the company that has extensive interest in the tourism, property development and hospitality sectors.

Wira Dani was named the executive director of Reliance Pacific on July 27.

At present, he is also a non-executive director of GCM Resources PLC, a company listed on the London Stock Exchange and chairman of Astute Capital Ltd, a company incorporated in the British Virgin Islands.

LionGold was among the three companies whose drastic decline in share prices in October 2013 wiped out some S$6.9bil of their market capitalisation in three days.

The event led to an official probe on suspected irregularities, and lawsuits were filed by various parties.

LionGold and the other two companies, namely Blumont Group and Asiasons Capital, claimed they were unaware of the reasons for the plunge of their shares.

LionGold’s market cap stood at S$26.9mil as of June 2015, compared with S$1.59bil at its peak in August 2013.

Wira Dani had reportedly agreed to pay the bank via instalments. However, by August 2014, he had repaid only S$100,000.

Maybank in April accepted the offer from his lawyer, Woo Tchi Chu, to settle the debt, with S$1mil to be paid in two tranches within the month and the rest by end-June.

Maybank’s Allen & Gledhill lawyer Vincent Leow had made clear that bankruptcy was an option in the event of a default by Wira Dani.

In the event, Maybank received only about S$835,950, leaving a shortfall of S$1.65mil and triggering the bankruptcy move.

Wira Dani is said to have property in Singapore, according to court documents filed.

Maybank refused to comment when contacted last night, citing client confidentiality.

- The Star/Asia News Network

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Change of ownership: Alliance Bank’s headquarters in Kuala Lumpur. The change of ownership of Langkah Bahagia marks the end of the era of Daim and his interest in banking in Malaysia.The end of the Daim era



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Malaysia no longer stuck in middle-income trap?
Stuck in the middle-income trap  Attributing the positive development to the various reforms undertaken via the multi-year econom...


Thursday, August 18, 2016

Malaysia no longer stuck in middle-income trap?

Stuck in the middle-income trap 


Attributing the positive development to the various reforms undertaken via the multi-year economic transformation programme (ETP), the Datuk Seri Idris Jala,(pic) CEO of Performance Management and Delivery Unit (Pemandu) points out that Malaysia’s GNI at US$10,570 (RM42,340) per capita last year is now only 15% away from the high-income-economy benchmark of US$12,475 per capita.

KUALA LUMPUR: Malaysia is no longer stuck in the middle-income trap, as its gross national income (GNI) is now progressively growing towards the high-income benchmark as defined by the World Bank, says Datuk Seri Idris Jala.

Attributing the positive development to the various reforms undertaken via the multi-year economic transformation programme (ETP), the CEO of Performance Management and Delivery Unit (Pemandu) points out that Malaysia’s GNI at US$10,570 (RM42,340) per capita last year is now only 15% away from the high-income-economy benchmark of US$12,475 per capita.

This compared with a gap of 33% between Malaysia’s GNI of US$8,280 per capita in 2010 and the then high-income economy threshold of US$12,276 per capita.

“As a result of the things we have been doing since 2010 and up to now, we have become completely unstuck (from the middle-income trap), with the gap (in Malaysia’s per capita GNI against the high-income threshold) now narrowed down to just 15%, compared with 33% in 2010,” Idris, who has been leading Pemandu, which is an agency under the Prime Minister’s Department, since 2010, said.

“The gap was even wider before 2010, and we could never close the gap for many years, resulting in many economists and financial experts proclaiming that Malaysia is stuck in the middle-income trap, and would not be able to become a high-income nation by 2020 unless we become unstuck,” he said in his keynote address on the Public Private Partnerships panel discussion here yesterday.

The panel discussion, jointly organised by research and publishing company The Business Year and education services provider Brickfields Asia College, was themed “Innovation as Driver for Local Economic Empowerment”.

According to Idris, Malaysia had managed to transform its economy, as a result of implementing innovative strategies. He said the Government remained confident of closing the GNI per capita gap and achieving the high-income target by 2020.

Under the ETP, the target was to achieve a GNI per capita of US$15,000 by 2020.

Meanwhile, in addition to GNI growth, Idris said Malaysia was also making good progress in the fiscal-sustainability space, as evident in the narrowing of the Government’s budget deficit and the continued manageability of its debt level.

The reduction of Malaysia’s fiscal deficit to 3.2% of gross domestic product (GDP) last year from 6.6% of GDP in 2009, for instance, was an indication of a stronger and more sustainable financial position. The country’s fiscal-deficit-to-GDP ratio was expected to reduce further to 3.1% by the end of 2016.

The Government debt-to-GDP level, on the other hand, would remain below the self-imposed limit of 55%. It stood at 53% last year.

“We have reduced subsides and implemented the goods and services tax (among the various economic reforms) to achieve fiscal sustainability,” Idris said.

“We have also put in a lot of effort to stimulate private investment growth” he added, noting that private investment growth had outpaced public investment since the launch of the ETP.

Idris said while there were still challenges in implementing economic reforms, Pemandu would continue to monitor closely the progress made by various government ministries.

“We are tracking all the investment projects one by one ... we want to make sure that all these projects are being implemented just as we said they would,” Idris said.

On the moderate growth of the country’s economy and gradual pace of fiscal-deficit reduction, Idris said these were a result of deliberate policy to ensure that Malaysia did not grow at the expense of accumulating more debts, or had its budget deficit cut drastically at the expense of the country’s economic growth.

Through this balancing act, Idris said, Malaysia had managed to stay in the “safe zone” in terms of debt-to-GDP and fiscal deficit levels while maintaining a steady growth path. - Cecila Kok The Star

But in the same article, Danny Quah, professor of economics and international development at the London School of Economics, disagreed that Malaysia had moved past the middle-income trap.

Quah maintained his position on Saturday, at a panel discussion organised by Sunway University in Petaling Jaya.

He told the university’s students that Malaysia had been going after “low-hanging fruits” in policymaking, resulting in it being trapped in the middle-income status.

“We are now in a situation where we are in a good place, but we’ll not get past it to gain fully developed country status in Malaysia’s own mould,” he said.

Quah is of the view that Malaysia has become complacent about its achievements, and that the nation suffers from what economists call the “natural resource curse”.

The economist pointed out that only about one million out of the 30 million people in the country are paying income tax, noting that this small fiscal base would be unsustainable moving forward.

The problems are an unclear direction, lack of leadership commitment, high-level plans that are not practical, rigid implementation, a silo mentality and work approach, public demands and inputs not adequately obtained, poor accountability, and a lack of transparency and trust deficit.

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