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Friday, November 6, 2020

Malaysia Bigest Budget 2021 as New Covid-19 cases at its highest


https://www.malaymail.com/news/malaysia/2020/11/07/budget-2021-highlights-heres-what-malaysians-can-expect-get-directly-tax-br/1920199




PETALING JAYA: Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz is presenting Budget 2021 in the Dewan Rakyat, the first under Prime Minister Tan Sri Muhyiddin Yassin’s administration.

Budget 2021 is widely expected to be one of the biggest, if not the biggest federal budget to date, as it contains many measures to help ordinary Malaysians and to stimulate economic recovery in the midst of the Covid-19 pandemic.

Follow the developments below: Updating...

Special finance aid for civil servants

The government announced a special finance aid worth RM600 for civil servants grade 56 and below. For pensioners and veterans with no pension, a special financial aid of RM300 will be given. Both aids will be paid out early 2021.

Vapourising vaping

Excise duty at an ad valorem rate of 10% on all types of electronic cigarette devices and non-electronic devices, including vaping products.

Electronic cigarette liquids will also be subjected to an excise duty at a rate of RM0.40 per millimetre.

More savings for households

SAVE 2.0 programme will be introduced, where an e-Rebate of RM200 for a household purchasing a locally made air-conditioning unit or refrigerator. RM30mil has been allocated for the programme, and it would benefit 140,000 households.

Duty-free doom for ciggies

Beginning January 2021, no more new cigarette import licences will be issued. Such licence renewals will also be tightened and the conditions revised, including imposing import quotas.

The transhipment of cigarette exports will be limited to selected ports. Taxes will be imposed on drawbacks on all imported cigarettes for the purpose of transhipment and re-export.

The government will also not allow transhipment activities and re-exports of cigarettes using pump boats.

Taxes will also be imposed on cigarettes and tobacco products at all duty-free islands.

Towards cleaner rivers

RM50mil will be allocated to tackle rubbish and solid waste in rivers,

Education Ministry gets biggest allocation

The Education Ministry will receive the biggest allocation with RM50.4bil or 15.6% of the total budget.

Task force beefed to battle smuggling

The Multi-Agency Task Force will be empowered with the inclusion of the Malaysia Anti-Corruption Commission (MACC) and National Anti-Financial Crime Centre to battle smuggling of high duty items.

When the levy breaks

To help reduce the cashflow burden of still-affected companies, a Human Resource Development Fund (HRDF) levy exemption will be given for six months effective Jan 1, 2021. This exemption will cover the tourism sector and companies affected by Covid-19.

Indigenous inspiration

To ensure the wellbeing of the Orang Asli community, RM158mil has been allocated.

This will be channelled to social assistance and development programmes.

A total of RM5mil has been allocated for surveying work to mark the borders of 21 villages.

Another RM41mil has been allocated for a Native Customary Rights programme in Sabah and Sarawak.

Assistance for contractors

RM2.5bil will be allocated to Class G1 to G4 contractors to carry out small and medium projects nationwide. This will include RM200mil for Federal road maintenance and RM50mil for the maintenance of People's Housing Program housing units.

Special grant for Sabah traders

The government has heard about the plight of the traders and hawkers in Sabah who were greatly affected from the reduced presence of tourists. Thus, an additional Prihatin Special Grant (GKP) of RM1,000 will be given to traders and hawkers in Sabah. This special grant will also be given to taxi drivers, e-hailing drivers, car rentals and tourist guides in Sabah.

Equity crowdfunding boost

To encourage more individual investors to participate in equity crowdfunding (ECF) platforms, an income tax exemption of 50% from the invested amount or limited to RM50,000 will be given.

RM30mil is allocated to a matching grant that will be invested into ECF platforms under the supervision of the Securities Commission.

Preparing for tourists

To ensure the readiness of tourist hotspots, RM50mil is prepared for the maintenance and repairs of tourism facilities all over the country. RM20mil has also been allocated for improving the infrastructure and spurring the promotion of Cultural Villages in Terengganu, Melaka, Sarawak and Negeri Sembilan. 

 Healthcare help

RM35mil allocated to the Malaysia Healthcare Travel Council to increase competitiveness in the local health tourism sector.

The government will also extend the tax exemption for private healthcare service exports until 2022.

Micro credit financing

Micro credit financing of almost RM1.2bil will be made available through Tekun, PUNB, Agrobank, BSN and other financial institutions. This includes an additional RM110mil to the Micro Enterprises Facility under Bank Negara to encourage entrepreneurship activities among gig workers and those who are self-employed as well as to support the iTekad implementation programme.

Preserving heritage buildings

RM10mil will be allocated to ensure heritage buildings such as Bangunan Sultan Abdul Saad and Carcosa Seri Negara will be maintained and become tourism icons.

More child care centres at government buildings

To improve the support system for frontliners and working parents, RM30mil has been allocated for the setting up of child care centres at government buildings, especially hospitals. Another Rm20mil has been in grants will be allocated to the private sector to encourage them to set up similar centres.

Locals and Orang Asli as tourist guides

Employment opportunities will be provided to 500 people from the local community and the Orang Asli as tourist guides at all national parks to spur the ecotourism segment.

Help for airline staff

The government recognises that the tourism industry, especially airline companies, are among the most affected sectors. Thus, the government will provide training programs and relocations for 8,000 staff from airline companies in Malaysia, with an allocation of RM50mil.

Boost for palm oil sector

The Malaysian Sustainable Palm Oil (MSPO) Certification Scheme will be continued with RM20mil to boost the growth of the country's palm oil sector. A matching grant of RM30mil to encourage investments will be introduced.

Social support centre for women

To combat the issue of domestic violence, the government will set up a social support centre with an allocation of RM21mil. With the help of NGOs, the centre will provide social and moral support for women, especially those facing domestic violence and divorce.

Promoting Malaysian-made goods

RM35mil will be allocated to promote Malaysian-made goods and services under the trade and investment mission.

Supporting the production of local products

The National Development Scheme (NDS) worth RM1.4bil will be allocated to support the implementation of domestic supply chain development and increase the production of local products such as medical equipment.

Safety net

RM24mil has been allocated for a Socso disaster scheme that is expected to benefit 100,000 workers, including delivery drivers and contractual civil service workers.

Contribution to battle Covid-19

Four glove manufacturers - Top Glove, Hartalega, Supermax and Kossan have committed to contribute RM400mil to battle Covid-19, including bearing the cost of the Covid-19 vaccine and health equipment.

<Encouraging high tech and innovative sector Encouraging high tech and innovative sector

RM500mil High Technology Fund will be provided by Bank Negara to support high tech and innovative sector companies.

EPF withdrawal for insurance purchase

The Employees Provident Fund (EPF) will allow its members to withdraw from their Account 2 to purchase insurance products for themselves and their family members. The Private Retirement Scheme (PRS) tax relief of RM3000 a year has been extended until 2025.

RM1bil will be provided as a technology and high value investment incentive package.

Allocation for Defence Ministry and Home Ministry

The Defence Ministry and the Home Ministry will be allocated RM16bil and RM17bil, respectively.

Improving cyber security safety

RM27mil will be allocated to CyberSecurity Malaysia to improve the cyber security safety of the country.  

Laptops for online classes

To ensure students at higher learning institutions (IPT) on PTPTN loans are able to follow online classes, the government will work with BSN to ready RM100mil to finance Skim BSN MyRInggit-i COMSIS, a laptop computer loan scheme. Unlimited pass, and beyond!

The My30 Unlimited Travel Pass initiative will be continued and further implemented in Penang and Kuantan with an overall allocation of RM300mil.

An unlimited monthly travel pass at RM5 will be introduced to students from Year One to Form Six, as well as disabled students.

Tax relief for parents saving for their children's future

To encourage parents to save for the costs of their children’s higher education fees, a tax relief of up to RM8.000 for National Education Savings Scheme (SSPN) net savings will be implemented until assessment year 2022.

Tourism aid

The wage subsidy programme will be extended for another three months, in a targeted manner especially for those in the tourism sector. Altogether, RM1.5bil has been allocated, with an estimated 70,000 employers and 900,000 workers expected to benefit.

Creating jobs

A short-term employment programme MyStep with an allocation of RM700mil will offer 50,000 contractual job opportunities in the civil service and government linked companies (GLCs) from January 2021.

Under this initiative, 35,000 jobs in the civil service will be offered, with a priority given to vacancies such as nurses and medical attendants. The GLCs will provide 15,000 jobs with a priority on technical and financial fields.

Better infrastructure in public universities

Some RM14.4bil will be allocated to the Higher Education Ministry. This would include RM50mil to repair infrastructure and old equipment in public universities.

Stamp duty exemption for first home owners

Full stamp duty exemption will be given to transfer of ownership document and loan agreement for the purchase of a first home worth not more than RM500,000. This exemption will be for the purchase agreement from January 2021 to Dec 31, 2025.

Stable internet connection in universities

To ensure stable internet connection in tertiary education institutions, the government has allocated RM50mil to upgrade the Malaysian Research and Education Network (MYREN) access from 500Mbps to 10Gbps.

Free laptops for students

In the new normal, online learning has become an everyday practice. GLCs and GLICs will contribute RM150mil to Tabung Cerdik to give laptops to 150,000 students at 500 schools in a pilot project. The project will be overseen by Yayasan Hasanah.

A healthier, fitter you (with apologies to Radiohead)

The government allocates RM19mil to implement the Healthy Malaysia National Agenda (Agenda Nasional Malaysia Sihat) to encourage a healthy lifestyle and reduce the risk of of diabetes, hypertension and obesity.

As much as RM28mil will be allocated to carry out programmes like MyFit, Hari Sukan Negara and the Inspire programme for the disabled.

Higher lifestyle tax relief

The limit of the ‘lifestyle tax relief’ has been raised from RM2,500 to RM3,000, which is an increase of RM500 specifically for sports-related expenditure, including entrance participation fees for sports competitions. The scope of the relief has also been expanded to include subscription to electronic newspapers.

Assistance for rubber smallholders

To help rubber smallholders, the rubber production incentive will be increased from RM150mil to RM300mil, with an expected 150,000 smallholders to benefit from this. Another RM1.7bil will be allocated in forms of subsidies, assistance, and incentives for farmers and fishermen.

RM50 e-wallet credit for the youth

The government through the eYouth Programme (Program eBelia) will credit a one-off RM50 to e-wallet accounts of those aged between 18 and 20 years old. With the allocation of RM75mil, the initiative will benefit some 1.5mil youths.

Community centres for childcare

Community centres will be provided as a place of care for children after their school session ends.

Early childhood education programmes RM170mil will be allocated for the early childhood education programmes by the Community Development Department (Kemas).

Tax deduction for employers of senior citizens

Additional tax deductions will be given to employers who employ senior citizens. This tax deduction will be extended until 2025.

RM2.7 billion is allocated for the improvement of rural infrastructure.

Appreciation for artists

RM15mil will be allocated to the Cultural Economy Development Agency (Cendana) for the implementation of various art and cultural programmes that will benefit more than 5000 artists and those who work behind the scenes.

Community programmes

For the Chinese community: RM177mil will be provided for the improvement of education facilities, housing and new village development.

For the Indian community: RM100mil be allocated to the Indian Community Transformation Unit (MITRA) to empower the socioeconomic status of the Indian community.

PenjanaKerjaya

Under the recruitment of workers under Social Security Organisation (Socso) known as the PenjanaKerjaya:

Incentives for workers earning RM1500 and above will be increased from a rate of RM800 a month, to 40% from of its monthly salary, limited to an incentive of RM4000 a month.

Employers will be given an additional incentive of 20% to encourage job opportunities for people with disabilities, those who are unemployed long-term and workers who have been terminated.

For sectors with high reliance on foreign workers such as those in construction and plantation sector, a special incentive of 60% of the monthly salary will be provided with 40% channeled directly to employers and 20% to local workers to replace the foreign workers.

These incentive will be given for a period of six months.

Those hired under the PenjanaKerjaya, the maximum cost of the training programme that can be claimed by employers will be raised from RM4000 to RM7000 to undergo the a high-skilled programme or a professional certificate programme.

Optomising the value of Malay reserve land

RM750mil will be allocated to Pelaburan Hartanah Berhad (PHB) under the 12th Malaysian Plan to increase the value of Bumiputra reserve land.

Lower EPF contributions

The EPF contribution rate for workers will be reduced from 11% to 9% starting January 2021, for 12 months, worth a total of RM9.3bil.

Reskilling and upskilling programmes

RM1 billion will be allocated for upskilling and reskilling programme involving 200,000 people.

LOWER TAXES … for some

The income tax of those earning between RM50,001 and RM70,000 will be lowered by one percentage point, expected to benefit 1.4 million taxpayers.

For a period of two assessment years, the income tax exemption limit for compensation paid upon job loss will be increased from RM10,000 to RM20,000 for every year of service completed.

Bantuan Prihatin Rakyat (BPR)

The Bantuan Sara Hidup (BSH) assistance package will be changed to Bantuan Prihatin Rakyat (BPR) with better assistance.

1) Those with a household income of less than RM2500, and with a child will receive RM1200, while those with two children or more will receive RM1800.

2) Those with a household income of between RM2501 and RM4000, and with one child will receive RM800, while those with two children or more will receive RM1200.

3) Those with a household income of between RM4000 and RM5001, and with one child will receive RM500, while those with two children or more will receive RM750.

4) Single individuals with an income of less than Rm2500 will receive RM350.

The BPR is expected to benefit 8.1mil people with an allocation of Rm6.5bil.

Welfare assistance for the disabled

To assist the disabled (OKU), the government has agreed to increase the monthly welfare assistance for the group which includes;

1. Non-working OKU allowance increased from RM250 to RM300;

2. Assistance for senior citizens as well as OKU and chronic patients increased from RM350 to RM500;

3. Allowance for OKU workers increased from RM400 to RM450;

4. Assistance for children from poor families to be increased. An increase of RM100 to RM150 per child between the age of seven and 18 years, and up to RM450 per family, or an increase to RM200 for a child aged six and below per family to a maximum of RM1,000 per family.

EPF withdrawal

In a much awaited-move, the government has announced the targeted facility to withdraw EPF savings from Account 1, as much as RM500 per month, amounting up to RM6,,000 for 12 months.

This withdrawal is to assist EPF members who have lost their jobs, and is expected to lighten the financial burden of 600,000 affected members.

Taking into account both the i-Lestari initiative as well as the Account 1 withdrawal facility, the total of cash withdrawal is up to RM12,000.

It is projected that the total payment for Account 1 withdrawals will involve RM4bil.

Eligible members can apply starting January 2021.

Life and health

The government will expand mySalam protection for medical device cost claims such as stents for the heart, or prostheses.

The government also intends to expand social protections for the B40 group through a voucher programme for life insurance.

Each B40 recipient will be given RM50 vouchers as financial assistance for products such as takaful and personal accident insurance.

At the same time, the government will also extend the period of stamp duty exemption on all life insurance products, not exceeding RM100, for another five years until the 2025 assessment year.

BPN2.0 second phase payments in 2021

The BPN was introduced to reduce cash flow burdens for the rakyat who are affected in the wake of the Covid-19 pandemic.

In 2020, BPN and the Bantuan Sara Hidup (BSH) involved the channelling of RM21bil to 10.6 million recipients. In January 2021, the BPN2.0 second phase payments amounting RM2.2bil will be channelled out.

Pneumococcal immunisation programme

A pneumococcal immunisation programme will be implemented for children with an allocation of RM90mil which is expected to benefit 500,000 children.

#KitaJagaKita

The Finance Minister says he is touched with the #KitaJagaKita spirit among Malaysians, and recalls the story of Bertam-born Rosnizam Ishak, who started a marinated lamb business using Bantuan Prihatin Nasional, creating job opportunities for those in the vicinity.

He also cites the example of Pajan Singh Kirpal Singh, who provided free accommodation for frontliners posted to Kuantan during the movement control order and recovery movement control order period, and Michelle Kugan, a crystal and pearl entrepreneur who used micro loans under the National Entrepreneur Group Economic Fund (Tekun) to sustain her business in Tuaran, Sabah.

Thus, Budget 2021 is crafted for Malaysians and themed “Teguh Kita, Menang Bersama”.

Pro-vaxxers

To encourage Malaysians to get preventive vaccinations to curb the spread of diseases, the government will expand the scope of tax exemption for the medical treatment covering vaccination expenses such as pneumococcal, influenza and Covid-19.

Tax exemption will be given for the vaccination costs for self, spouses and children limited to RM1,000.

Tax relief

The government will raise the tax relief limit on personal, spouse and child medical treatment for serious illnesses from RM6,000 to RM8,000. In addition, the tax relief for a full health screening will be increased from RM500 to RM1,000.

The tax relief on expenses for medical treatment, special needs and parental care has also been raised from RM5,000 to RM8,000.

Big budget

Govt allocates RM322.5bil, or 20.6% of our Gross Domestic Product (GDP), for Budget 2021. This is an increase from its total expenditure allocation for 2020, which has been revised upwards to RM314.7bil from the initial budget estimate of RM297bil.

Every individual in B40 group will receive a special voucher worth RM50 to buy takaful hayat and personal accident insurance.

An allocation of RM24mil is provided to address mental health issues by strengthening Mental Health, Terrorism and Injury Prevention Program as well as Substance Abuse.

The maximum tax relief for individual, spouse and children's medical expenses for serious medical ailments raised to RM8,000 from RM6,000

Fight the good fight

RM150mil will also be allocated for the National Disaster Management Agency (Nadma) to coordinate efforts to fight Covid-19.

Hail the frontliners

To honour the sacrifices of frontline workers in handling the Covid-19 pandemic, the government has agreed to a one-off payment of RM500 to them, which is expected to benefit 100,000 people.

For 2021, the government said it will allocate RM1bil more to fight the third wave of the Covid-19 pandemic.

For the year 2020, the government has allocated RM1.8bil for the implementation of the movement control order (MCO) as well as related public health facilities related to Covid-19 among which is to purchase personal protection equipment (PPE), reagents and consumables.

The government will raise the ceiling of the Kumpulan Wang Covid-19 by RM20bil to RM65bil to fund the Kita Prihatin initiative.

The government proposes to raise the ceiling of the Covid-19 Fund by RM20bil to RM65bil.

Three main objectives of Budget 2021

Firstly: The wellbeing of the people

Secondly: Business continuity

Thirdly: Resilience of the economy

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz points out that Malaysia has gone through a challenging year in 2020. He says that never in modern history has a plague caused such an impact.

We will get through this!

Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz: The government expects the economy to recover in 2021, and to grow by between 6.5% and 7.5% in line with the stimulus packages and Budget 2021.

Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz begins his speech.

Speaker allows the request and calls all MPs to enter the hall.

Let us in!

Opposition leader Datuk Seri Anwar Ibrahim urges that more MPs be allowed into the Hall to hear and debate the Budget 2021 proposal.

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 Move aims to help more Malaysians

 

 KUALA LUMPUR: The government’s decision to lower the age of eligible singles for Bantuan Prihatin Rakyat (BPR) was aimed at widening the scope for welfare to more Malaysians who are facing the brunt of the Covid-19 economic fallout.

National Budget Office director Johan Mahmood Merican (pic) said the revised criteria for BPR, which replaced Bantuan Sara Hidup (BSH), was set to benefit 8.1 million Malaysians.


“After taking into account the current state of the economy, the Covid-19 crisis, issues pertaining to cash flow as well as cost of living faced by many households and singles, the government decided it is appropriate to improve the BPR by lowering the age limit for singles to 21 and above, ” he said.

Single individuals with an income of less than RM2,500 will receive RM350.

He noted that the singles category for cash aid was briefly removed in 2019 then reintroduced in 2020, but recipients had to be 40 years old and above.

At the same time, Johan said a total of RM6.5bil had been set aside in Budget 2021 for BPR and the figure was based on estimates made by the Finance Ministry.

“If any household or singles meet the criteria, their application will be approved, ” he said during a media briefing in Wisma Bernama here yesterday.

He said the salary range for households was revised after taking into account the Household Income and Basic Amenities survey report 2019, which found that most households in the B40 group were surviving with salaries of about RM5,000 a month.

Johan noted that the previous BSH only benefited 4.3 million recipients.

He said those who qualified for BPR would be allowed to apply once the Finance Ministry opens the registrations early next year.

The data of BSH recipients would be included into the BPR system and there was no need for them to reapply, he added.

Johan said Budget 2021 was drafted based on the same methods and approaches used by the government during previous budgets.

“Based on the information available with the Finance Ministry, we felt that Budget 2021 reflects the actual situation, ” he added.

Johan, who echoed Prime Minister Tan Sri Muhyiddin Yassin’s remarks that the government’s priority was to help the needy during the Covid-19 pandemic, assured those in the M40 income group they were not being sidelined.

He pointed out the various tax incentives and reliefs in Budget 2021.

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Wednesday, November 4, 2020

Trump and the yellowing of white privilege

Whether he returns to power or not, the US president and his ilk have ruined America and curdled how such privilege is viewed.

 Battling Americans: South Koreans watching a news programme on the Trump (right) and Biden battle for the US presidency. — AP
 
 AS you read this, Americans are on tenterhooks as they await the results of their most contentious presidential election in decades.


And the rest of the world waits with them.

Like many non-Americans, I have been consumed by what is happening in that country and closely followed first the race for the Democratic presidential nomination and then the campaigns of the final two candidates, Donald Trump and Joe Biden.

Trump must be defeated but, sadly, too many Americans, the so-called Republicans and conservatives, remain steadfast to him, having fallen for his fabrications and misinformation on just about everything, which proves that if a lie is repeated often enough, people will believe it.

Still, we hope enough right-minded Americans will vote him out and from the huge, record-breaking numbers of early voters, it appears they are determined to save their nation from further damage by this narcissistic, corrupt and immoral president.

How strange that America today feels like Malaysia circa 2018. The desperation and the grassroots movements to oust Trump recall Malaysians’ own struggle and determination to change things in the last general election.

Trump has become the unsavoury poster boy for white supremacists who believe white privilege is their God-given right.

I used to look up to the white man. As a baby boomer, my generation studied British, American and European history and practically nothing of the past of neighbouring countries. Communism was our great enemy in the 1960s and 1970s which was probably why we were barely taught Chinese history.

Western entertainment dominated our TV and cinema screens, our radio stations and record stores. Our idols were white singers and actors. The only black actor we knew was Sidney Poitier.

And so my generation grew up subconsciously believing that white people were superior and their way of life desirable.

As colonial masters of many parts of Africa and Asia, the whites came to lift the brown and yellow natives from backwardness and ignorance for God and king. Or so they projected themselves.

Western colonialism was pure exploitation for the most part but it was tempered by genuinely good-hearted people who came as teachers and missionaries (a prime example is how Australian missionaries saved the Lun Bawang orang asal in Sarawak from self-destruction in the 1930s).

We so-called people of colour put the so-called whites on pedestals, treating them with deference and respect. We didn’t put a name to it then but now it’s widely referred to as white privilege.

While white privilege in the United States is greatly manifested as racism and extreme prejudice and ill-treatment of black and, increasingly, Hispanic people, in other parts of the non-white world, it was simply the vestigial awe and deference left over from the colonial era and dominance of the West in the previous century.

For example, a common complaint a decade or two ago was how white passengers on Asian airlines were treated better than other races.

My own pedestal on which I had placed white people only started to wobble during my first trip to Britain in the early 1980s when I saw, to my huge surprise, white people who were homeless or doing menial tasks like sweeping the streets of London.

But by the late 1970s, change was coming from the East, namely Japan. Among Asians, the Japanese were the closest to the whites in terms of progress and wealth. What’s more, they were (and still are) so polite!

The Japanese, who had built a reputation for quality electrical products and cars, were also gaining world attention as sought-after tourists and art collectors with great spending power.

A friend who travels extensively recalls how people in Africa would greet Asian-looking people with “Konnichiwa” in the 1980s and 1990s.

Two decades into the 21st century, white influence has been steadily eroded by East Asia.

The Japanese may have started it but they are now joined, and somewhat eclipsed, by the Chinese and South Koreans.

My well-travelled friend tells me Africans now greet East Asians with “Ni hao” which is not surprising since Chinese tourists made 149 million overseas trips in 2018, with total spending amounting to US$130bil (RM540.4bil).

Many countries in Africa and Asia are China-friendly, not just because of tourism but because Beijing has been investing in them for decades.

In an op-ed for Aljazeera.com titled, Why Africa loves China, Dr Mehari Taddele Maru argues that, contrary to what the West believes, Africans do not see themselves as victims of Chinese economic exploitation. He says Africans are well aware of the shortcomings of Chinese assistance and business in Africa but it is China that is a preferred partner for Africa because “China’s unconditional cooperation has allowed African governments to enjoy access to finance, expertise and development aid”.

The China Africa Research Initiative at the Johns Hopkins University School of Advanced International Studies, also reports that despite Western governments’ claims that China’s lending to Africa was creating debt threats, it did “not see China attempting to take advantage of countries in debt distress”.

“There were no ‘asset seizures’ in the 16 restructuring cases that we found. We have not yet seen cases in Africa where Chinese banks or companies have sued sovereign governments or exercised the option for international arbitration standard in Chinese loan contracts, ” the study noted.

And then there is South Korea which has become a driving force with its technological prowess and tremendously influential K-pop culture.

Its goods, from cars and washing machines to mobile phones, are widely accepted as affordable yet high-quality products.

Seoul’s effective handling of the Covid-19 pandemic won global respect and even its coronavirus test kits and personal protective equipment are deemed to be more reliable and of higher quality.

Both China and South Korea have learned from Hollywood the massive influence of soft power, that is, the use of popular culture and entertainment to build their brand and fuel national pride.

If America gave us Armageddon, Saving Private Ryan and Sully: The Miracle on the Hudson, China now has The Wandering Earth, The Eight Hundred and The Captain (which is also based on a real incident involving Sichuan Airlines Flight 8633).

And as I have written several times, K-pop culture has won millions of devotees around the world, and the fan clubs, especially that of the group BTS, have proven to be a force to be reckoned with.

Trump himself is a major contributor to the rapid erosion of respect for white America. He is the ugliest face of white racism, privilege and entitlement. With his egging, his supporters show how stupid, ill-informed and racist they really are in their response to the pandemic and many other issues and that has reflected so badly on the nation itself.

Asians could only shake our heads in amazement at how Americans and people in Europe and Australia fought against wearing masks to reduce Covid-19 infections in the name of human rights and democracy. How daft is that?

Make no mistake: I still have much affection, admiration and gratitude for the Western books, movies, music and other educational and entertainment fodder I grew up with and that helped shape me into what I am today.

So too the many inventions and technologies that have made our lives easier, safer and more convenient.

But I am no longer in thrall of the two Ws – Western and white.

White people may have ruled the world in the previous century and claimed their white privilege. But no more.

No matter how hard he has tried to denigrate and blame China for America’s ills and woes, Trump and his ilk cannot stop white privilege and supremacy in the 21st century from slowly but surely turning yellow. Still, I prefer not to call it yellow privilege because Asians are generally more humble. Shall we just say yellow is the new black?

The views expressed here are entirely the writer’s own.

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Tuesday, November 3, 2020

Watch TV News' special coverage of the 2020 U.S. election ...



 https://www.theguardian.com/us-news/ng-interactive/2020/nov/03/us-election-2020-live-results-donald-trump-joe-biden-who-won-presidential-republican-democrat


US election result in balance on final day of campaign - BBC News

 U.S. cities brace for unrest ahead of Election Day



Law enforcement, local, and state officials are anticipating unrest and violence following the presidential election -- regardless of who wins. Many cities nationwide are boarding up businesses, apartment buildings, and government offices in preparation. Security expert Roderick Jones joins CBSN's Elaine Quijano to discuss what Americans can expect. 
 
 








US election stalls global COVID-19 fight: Global Times editorial

Over 46 million people have been infected, with more than 1.2 million deaths. This has become a worldwide humanitarian crisis. To end it, the world should at least have an objective knowledge of it and unite against it. But the world has failed in both aspects due to the US