Malaysian Prime Minister Dr. Mahathir Mohamad is Asia’s most quotable leader. In May, soon after his Pakatan Harapan (or “Pact of Hope”, PH) alliance’s surprise victory in elections that month, he quipped that Singaporeans “…must be tired of having the same government, the same party since independence” – a clear reference to the republic’s ruling People’s Action Party’s (or PAP’s) almost six-decade monopoly on power. Mahathir – as history will tell us – is no fan of Singapore. Understandably, the 93-year-old’s pronouncements on the city-state since returning to power have drawn a lot of attention. Intrigued by the possibility of change in Singapore, Team Ceritalah travelled across the causeway to see what local residents thought of Malaysia’s historic 14th General Election and how – if at all – it would impact them. “It was exciting that PH [Pact of Hope] … [Read more...] about News OPINION: Malaysian elections: Spillover into Singapore?
Electing s corp status
TurkeyIsrael-Iran waranalysis Surprise call for snap election comes as Ankara and Tehran consolidate positions in the region, all while America’s looming withdrawal leaves Israel with its back against the wall By Spengler April 19, 2018 12:39 AM (UTC+8) Share Tweet Linkedin Print Email Share 0 Comment 0 Turkey’s President Recep Tayyip Erdogan today surprised regional politics and financial markets by calling snap elections on June 24, consolidating one-man rule in what used to be the region’s lone democracy. The Turkish lira rose sharply on the news, from 5.08 lira per euro to less than 5 per euro at this writing. Money in the Middle East flows in the direction of political power, and Erdogan has emerged from the scramble in Syria as the co-hegemon of the region along with Iran, with Russia acting as arbiter between the two powers. Last Friday’s missile strike on Syria by the United States, Britain and France was a minor distraction from the … [Read more...] about Turkey’s Erdogan hastens one-man rule after Syria victory
“The purpose of all wars is peace.” So observed St Augustine early in the 1st millennium AD. Far be it from me to disagree with the esteemed Bishop of Hippo, but his crisply formulated aphorism just might require a bit of updating. I’m not a saint or even a bishop, merely an interested observer of the United States’ ongoing military misadventures early in the 3rd millennium AD. From my vantage point, I might suggest the following amendment to Augustine’s dictum: Any war failing to yield peace is purposeless and, if purposeless, both wrong and stupid. The dailyReport Must-reads from across Asia - directly to your inbox War is evil. Large-scale, state-sanctioned violence is justified only when all other means of achieving genuinely essential objectives have been exhausted or are otherwise unavailable. A nation should go to war only when it has to — and even then, ending the conflict as expeditiously as possible should be an … [Read more...] about America’s military report card scores a failing grade
You could call it “Japanese Prime Minister Shinzo Abe and the tale of two real-estate deals.” At home, Abe appears to be doing everything he can to hold onto power by fending off and defusing the opposition’s campaign to bring clarity to a series of disturbing and perhaps corrupt practices surrounding the involvement – or entanglement – of Abe’s wife in a government land sale for a new school which listed her as honorary principal. The dailyReport Must-reads from across Asia - directly to your inbox As witnesses are summoned to appear before the Diet and altered documents are identified, public opinion polls suggest Abe is becoming more unpopular by the day due to the alleged ties between his wife and Osaka-based school operator, Moritomo Gakuen. The PM and his cabinet are under siege, especially since the Finance Ministry’s release of altered documents was revealed. Abe’s firm denial of any wrongdoing … [Read more...] about Tokyo’s investment with Kushner real estate group stays below the radar
Chen Tianqiao has placed one of the biggest wagers of his life. And it may finally be starting to pay off.Chen, through his Singapore investment firm Shanda Asset Management Holdings Limited, has accumulated a large stake in the struggling Tennessee company Community Health Systems. Between early 2016 when Chen first bought shares of the operator of acute care hospitals, and January of this year, the share price plummeted more than 80 per cent, from US$20 a share to below US$4.The Chinese billionaire is betting he can catch outsize returns on his investment in the distressed US health care provider when its share price improves. To make sure that happens, his investment firm stated last March it intended “to engage with (Community’s) management team regarding (its) business and operations and the status of the ongoing turnaround strategy.”This month, Community Health’s shares have staged a 37 per cent recovery, hitting US$5.50 this week. If the turnaround … [Read more...] about Billionaire’s Singapore investment firm takes gamble on distressed US firm, reflecting confidence of Chinese investors