cilisos.my breaks down the bad news:
China is one of Malaysia’s largest trading partners. Between Jan-April this year, trade with China made up 11.2% of our exports (2nd behind Singapore), and 19.4% of our imports (top). This website also reports that China has been our top trading partner for the past 7 years! In a previous article of ours, our friends at EquitiesTracker.com also enlightened us on the many sweet, sweet things that China has been doing for its girlfriend Malaysia: And with so many goodies, plus our trade, it’s no wonder that it’s a bit difficult for us to be angry at China.http://cilisos.my/why-did-china-tell-the-philippines-to-be-more-like-malaysia/
While Lim Kit Siang looks at the hard choice ahead:
Is it possible to resolve this paradox of a prime minister ... who seems to be getting stronger in the country, while ... under increasing siege on the world stage ... gaining notoriety as one of the world’s top countries for global corruption.
We can ignore this paradox if we can isolate ourselves from the rest of the world, but ... we cannot pretend that this does not present Malaysia with a grave national crisis with global repercussions...
If Umno is defeated once in the national election, it will be great national service for it will enable Malaysia to become a normal democratic country, end the national trajectory trending down the slippery slope towards a fractured, failed and rogue state - and allow Umno to renew and reform itself to be more democratic and competitive to regain national power in future general elections.
If Malaysia is to become a normal democratic nation, we must debunk the various political myths that have allowed the politics of race to dominate the politics in the land since Merdeka.
Mingtiandi on the growing backlash against Chinese capital flight into overseas housing:
Around the world, a wave of Chinese investment backlash has already started. The Financial Times reported in May that the governments of Australia and Singapore were imposing restrictions on overseas buyers after local residents complained of being priced out. Similarly, grumbling has been heard in Vancouver, and certainly high-profile China investment in New York and London have been noticed.
Bruce Pickering, Vice President of Global Programs at the Asia Society, which recently published a report with the Rosen Consulting Group on Chinese real estate investment, acknowledged that there is “certainly potential for backlash. In other markets that have been a magnet for Chinese investment like Australia and Canada, there’s been a very vocal opposition against Chinese investment. The argument is that this investment is contributing to a bubble-like market that is pricing out many local residents.”
However, reality is more complicated, Pickering says. “The increase in housing prices is real in many U.S. cities, but Chinese investment is not what’s driving that trend.”
http://www.mingtiandi.com/real-estate/outbound-investment/will-chinese-real-estate-acquisitions-trigger-populist-pushback/
Asia Pacific Report on the coming political tightrope for Philippines news media:
“(The) media will need to be more enterprising to get a good story,” says Carlos. “As the new president declared, he would not hold any press briefings for the duration of his term, practitioners need to find credible sources to examine and report on new policies, directions, progress and gaps of project implementation.”
“The media needs to be extra mindful of their ethical responsibility to be accurate and fair, providing background and context so that the public can better understand stories, participate in public discourse and help them make decisions on matters that affect them,” he says... “Articulating its stand versus attempts to curtail press freedom isn’t enough. We need to promote press freedom through action and campaign. We must vigorously support the proposed Freedom of Information Act, which the last Philippines Congress failed to pass.”
The media also needs to press the police and the judiciary to act on those journalists wounded or killed in the line of their journalistic duty. “Perpetrators must be arrested, tried and convicted if guilty. Press freedom continues to be violated because of the culture of impunity that exists in the country.”http://asiapacificreport.nz/2016/06/28/dutertes-tough-stance-impunity-big-challenge-for-media-in-philippines/
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