Politics & General News

September 21, 2023October 15, 2023

India suspends visa services for Canadians, demands parity in diplomatic staffing as bilateral crisis deepens

By Clement Tan | September 21, 2023 | CNBC.com

India suspended visa applications in Canada on Thursday due to unspecified security threats, while demanding Ottawa reduce its diplomatic staffing in India on grounds of interference in domestic affairs in an escalation of the festering diplomatic crisis between the two countries.

The feud was sparked Monday by the Canadian government’s announcement of “credible allegations” the Indian government orchestrated the extra-judicial slaying of a Sikh separatist in Canada. New Delhi had slammed Canadian Prime Minister Justin Trudeau’s claims as “baseless” and “absurd” and accused Ottawa of being sympathetic to anti-India causes.

“The issue is not about travel to India — those who have valid visas and other kinds of document like OCI are free to travel to India — but the issue is of incitement of violence and the creation of an environment that disrupt the functioning of our high commission and consulates,” Arindam Bagchi, the official spokesperson for India’s Ministry of External Affairs, said at a regular news conference in New Delhi on Thursday.

OCI is short for Overseas Citizenship of India, a form of permanent residence for people of Indian origin that grants a lifetime of entry into the country, along with some benefits.

The move will curtail Indian travel for Canadians, even if they apply in third countries, Bagchi said, adding that this temporary suspension will involve all visas, including e-visas. He said this situation will be reviewed on a regular basis.

September 18, 2023October 15, 2023

‘A real big deal’: Biden backs economic corridor as shifting geopolitical alliances fragment the global economy

By Clement Tan | September 18, 2023 | CNBC.com

NEW DELHI — Even for those accustomed to the ebbs and flows of the U.S.-Saudi Arabia relationship, the sight of President Joe Biden extending a handshake to Saudi Crown Prince Mohammad bin Salman at the recent G20 leaders’ summit in New Delhi was quite the turnaround.

After all, Biden had warned last October of “consequences” after the Saudi-led oil cartel OPEC decided to cut crude production and boost prices amid Russia’s war in Ukraine.

Roughly a year on, Saudi Arabia is not only one of six new invitees to the China-dominated BRICS coalition, but also a signatory to the Biden-led pact for a ship-to-rail economic corridor linking India with Middle Eastern and European Union countries unveiled on the sidelines of the G20 summit — framed as a counter to China’s decade-old Belt and Road Initiative.

Saudi Arabia’s double dipping underscores the range of economic and strategic opportunities that abound for the various economies caught between the dueling U.S. and China as they build their own alliances and spheres of influence. U.S. and other major Western nations have been keen to “de-risk” their economic — and not decouple — from China on grounds of national security.

This is also consequently leading to a fragmentation of the world’s economy as protectionism and nationalism impede global trade, while giving rise to a complex matrix of relationships in a multipolar world that are not always straightforward as nations pursue their self interests.

September 9, 2023October 15, 2023

G20 nations soften Russia condemnation to reach Delhi summit compromise, draw Ukraine’s ire

By Clement Tan | September 9, 2023 | CNBC.com

NEW DELHI — The Group of 20 nations on Saturday overcame differences in references to the war in Ukraine, reaching a consensus on a joint declaration that paves the way for frameworks on debt resolution, and country-specific climate financing solutions among other pledges aimed at enhancing development in the Global South.

In an 83-paragraph joint communique aimed at deepening the integration of the needs of developing economies into the multilateral forum’s agenda, the Delhi declaration omitted words from the last year’s statement that overtly condemned Russian aggression against Ukraine — instead highlighting the human suffering and other negative impacts of the war in Ukraine that have complicated recovery efforts in the aftermath of the Covid-19 pandemic.

The wording of “most members strongly condemned the war” was among the changes. Instead, G20 member states agreed to lean on the tenets of the United Nations charter on territorial integrity and against the use of force.

“Considerable time was spent — especially in the last few days — in regard to geopolitical issues, which really centered around the war in Ukraine,” Indian Foreign Minister Subrahmanyam Jaishankar said Saturday at a press conference following Prime Minister Narendra Modi’s initial announcement of the consensus on a joint declaration.

August 31, 2023October 15, 2023

Singapore braces for ‘partisan’ vote for president, guardian of its vast reserves

By Clement Tan | August 31, 2023 | CNBC.com

SINGAPORE – As Singaporeans prepare to head to the polls this Friday to elect their ninth president, the campaigning has so far tested the narrow confines of the presidential office — underscoring simmering disenchantment at the status quo.

A largely ceremonial role with a six-year tenure, the Singapore presidency is conferred limited powers. One of its key roles is to guard the wealthy Southeast Asian city-state’s reserves, which remain a state secret.

Observers say some Singaporeans seem to believe the president’s custodial powers over the reserves allows the person to weigh more muscularly on fiscal and monetary policy decisions.

Other issues underscored on the campaign trail so far include underlying unhappiness about the high cost of living, unaffordable public housing and debate about heightened competition for jobs with foreigners. A lack of accountability among lawmakers also came to the fore as Singapore’s reputation for incorruptibility was recently hit by a spate of political scandals.

“The contest that has developed so far reflects the competing and even conflicting visions of the presidency,” said Eugene Tan, an associate professor of law at the Singapore Management University who is a former parliamentarian.

July 24, 2023October 15, 2023

China vows to ‘adjust and optimize’ property policy in ‘tortuous’ economic recovery

By Clement Tan | July 24, 2023 | CNBC.com

China’s top leaders pledged to “adjust and optimize policies in a timely manner” for its beleaguered property sector, while elevating stable employment to a strategic goal, along with other pledges to boost domestic consumption demand and resolve local debt risks.

Chaired by President Xi Jinping, the Communist Party’s top decision-making body said it would implement a “counter cyclical” policy and stick largely to a prudent monetary policy and pro-active fiscal policy, according to a readout published late Monday of a quarterly meeting of the Politburo.

The July Politburo meeting typically sets the tone for China’s economic policies for the second half of the year, with market watchers eagerly awaiting firmer guidance on policy support for faltering growth in the world’s second-largest economy.

“Currently, the economy is facing new difficulties and challenges, mainly due to insufficient domestic demand, difficulties in the operation of some enterprises, many risks and hidden dangers in key areas, and a grim and complex external environment,” Xinhua quoted the Politburo as saying.

The post-pandemic economic recovery will proceed in a “wave-like” fashion in a “tortuous” process, it added. The Chinese phrase for risk appeared at least seven times in the readout, underscoring the government’s focus on its containment.

July 12, 2023August 22, 2023

Thailand’s Parliament is about to pick a new prime minister — and a generation’s hopes are at stake

Clement Tan | July 12, 2023 | CNBC.com

Thailand’s Parliament will vote for a new prime minister on Thursday, and the country’s young and urban are about to find out whether their backing of a progressive opposition party at May’s elections will translate into genuine power.

Not too long ago, they were basking in the euphoria of the party’s stunning victory, priming themselves for democratic change and reform. Two months on, they are instead confronted with the sight of 79-year-old Wan Muhamad Noor Matha — very much considered a member of the old guard — as the “new” speaker of Thailand’s House of Representatives.

The young voters had propelled the Move Forward Party — led by the Harvard-educated, 42-year-old Pita Limjaroenrat — to an unprecedented majority of the seats in Parliament after nine years of military rule, but this was too slim for the party to push forward its own candidates, forcing it into a coalition with seven other parties.

Move Forward had campaigned on an ambitious structural reform agenda targeting the country’s monarchy, monopolies and military. These aims essentially extended the goals of student protests more than two years ago that were triggered by the dissolution of a political party — Move Forward’s predecessor entity — which was highly critical of outgoing Prime Minister Prayut Chan-o-cha, the former military general who seized power in a 2014 coup and made changes to the Thai Constitution in 2017.

Its slim majority has made its agenda vulnerable to the machinations of the institutions it is seeking to reform, along with the interlocking patronage networks that remain despite the ouster of several influential business families in this election. The installation of Wan Noor as a compromise candidate after second-placed party Pheu Thai had objected to Move Forward’s choice, was just the beginning.

June 4, 2023October 15, 2023

U.S. and China trade barbs at top security summit as Taiwan Strait tensions simmer

By Clement Tan | June 5, 2023 | CNBC.com

SINGAPORE — A handshake and a ministerial lunch were all that the U.S. defense chief and his Chinese counterpart shared on the sidelines of a regional security summit in Singapore.

Ahead of the annual Shangri-La Dialogue which kicked off Friday, Beijing rejected a U.S. request for a bilateral meeting between its defense minister, Gen. Li Shangfu, and his American counterpart Lloyd Austin.

On Saturday, when Austin took to the stage at the summit where global defense leaders gathered, he called out China for refusing to engage in military dialogue.

“Dialogue is not a reward. It is a necessity. A cordial handshake over dinner is no substitute for substantive engagement,” Austin said in prepared remarks. “The more that we talk, the more we can avoid the misunderstandings and miscalculations that could lead to crisis or conflict.”

China’s Li responded a day later by accusing the U.S. of lacking sincerity and behaving in a manner not befitting of a superpower.

“It is undeniable that a severe conflict or confrontation between China and the U.S. will be an unbearable disaster for the world. China believes that a major country should behave like one,” Li said Sunday in a translation provided by summit organizers. It was his first address to an international audience in his current role as China’s defense chief.

June 9, 2017June 12, 2017

Australia’s Tantalizing Lessons on Privatizing Infrastructure

The White House is interested in modeling Australia’s approach to national infrastructure. Here’s how they do it Down Under.

Clement Tan | June 9, 2017 | CityLab

The White House’s “Infrastructure Week” didn’t offer many clues about how the Trump administration might approach its promise to “spend big” on ailing infrastructure in the United States. But when it comes to financing roads, bridges, and other projects through public-private partnerships, we know Trump advisers have one model in mind that Australia figured out nearly 10 years ago.

In July 2008, facing the fact that inadequate infrastructure could limit economic growth, the Australian government decided to do what it had never done before: infrastructure planning on a national level.

That month, the federal government created a statutory body—Infrastructure Australia—that brought together the public and private sectors to devise a long-term strategy and prioritize key projects for funding.

Continue reading “Australia’s Tantalizing Lessons on Privatizing Infrastructure”

February 14, 2017June 12, 2017

To preserve social harmony, Singapore has racial requirements for its next president

By Clement Tan | Feb. 14, 2017 | Quartz

At a time when right-wing nationalism is seeing a resurgence globally, Singapore’s move to ensure minority representation may seem almost progressive in comparison.

The city-state could soon have its first female Muslim president, after the government rubber-stamped changes last week that would see only the country’s Malay, Muslim minority—making up about 15% of its 3.9 million resident citizens—eligible to stand at September’s election to choose its head of state, a largely ceremonial role.

But since Singapore gained independence from Malaysia in 1965, the ruling People’s Action Party (PAP) has in fact relied on a plethora of race-based innovations to maintain racial harmony between its majority Chinese population, and the minority Malay-Muslim and Indian ethnic groups. The latest move to designate that the president must be a Muslim is seen as another one of these measures.

“The government believes they have to engineer multiracialism,” said Eugene Tan, associate professor of law at Singapore Management University. “They regard the election of a minority as head of state as an important testament of Singapore’s nation-building journey. Attaining that end justifies the means.”

Continue reading “To preserve social harmony, Singapore has racial requirements for its next president”

March 1, 2016April 9, 2016

Airbus, Boeing See Politics Make Good Business Sense in China

By Clement Tan

March 1 (Bloomberg) — China’s political leaders identified aerospace as one of 10 key industries in the country’s quest to become an advanced industrialized nation. Ahead of this weekend’s annual legislative session, Western planemakers — their future competitors — are helping them toward that goal.

Airbus Group SE will break ground Wednesday on a finishing center for its wide-body A330 jets in Tianjin, near Beijing, a decade after it opened an assembly plant there for single-aisle planes. Chicago-based Boeing Co. also is seeking a location in China for a plane-completion facility.

Opening plants in China, poised to become the world’s largest aerospace and air-travel market in two decades, is as much a political as an economic decision. One factor is proximity to customers: Chinese airlines order billions of dollars of planes from Airbus and Boeing every year, and doing some assembly locally eases the strain on the planemakers’ existing facilities. Equally important is the goodwill such investments earn.

“It’s absolutely undeniable there’s been a communication of Chinese expectations for companies to build in China, to provide jobs in China, that they will be treated less equitably otherwise,” said Scott Harold, the Washington-based associate director of Rand Corp.’s Center for Asia Pacific Policy. “If you build in China, you’re a ‘friend’ of China.”

Continue reading “Airbus, Boeing See Politics Make Good Business Sense in China”