PETALING JAYA (THE STAR/ASIA NEWS NETWORK) - Malaysians and businesses in the country want the current maritime and airspace boundary dispute between Malaysia and Singapore to be resolved amicably as soon as possible as a lot is riding on the relationship. With their economies intricately linked to each other - Singapore is Malaysia's second largest trading partner while many Malaysians in Johor commute daily to the Republic for work and studies - any long drawn spat is likely to affect both countries. In Malaysia, the business sector is calling for the dispute to be solved amicably soon to safeguard the bilateral and trading ties between the two nations. SME Association of Malaysia president Datuk Michael Kang said formidable relations between Malaysia and other Asean countries were essential to the region's survival and relevance in the long run. "I am sure this is what the people from both Malaysia and Singapore want to see, too," he said on Sunday (Dec 9). Likening Malaysia and the … [Read more...] about Malaysians urge KL, Singapore to settle spat as ‘a lot depends on ties’
Fdi and its impact on indian economy
As global leaders prepare for the upcoming G20 summit in Buenos Aires, Argentina, two key issues that will dominate the meeting will be the current trade war between China and the US, and the need to address climate change. While both are critical issues, the current trade tension is just a tad more urgent. Even before the meeting, things are already looking pessimistic and some members are already wondering if the group could even issue a significant communiqué to conclude the meeting, to close 2018 on a positive note. The dailyReport Must-reads from across Asia - directly to your inbox The tension between China and the US is definitely escalating at an unprecedented level. The effect of their hostilities had even divided leaders at the recently concluded 33rd ASEAN Summit and also the APEC Papua New Guinea Summit 2018, where the latter could not issue a joint-communiqué to conclude the summit. Advocacy for fairer trade As smaller economies in ASEAN and APEC are … [Read more...] about G20 summit is chance for China, US to push reset button
As the National League for Democracy-led administration approaches midpoint of their five-year term, it is presiding over falling approved FDI, stagnant tourism numbers and reforms stifled by incompetence and protectionism. The Myanmar Times has spoken to a number of business chiefs on their assessment. For American investor Robert Walsh from S&S Project Management, Myanmar will find it tough to turn things around within the government’s remaining term. “I really don’t know if the NLD has a few kegs of magic brew hidden away somewhere, an elixir that can ameliorate the effects of crony capitalism, while at the same time rendering those who imbibe to see conditions on the ground in a much rosier light,” he commented. In other words, “beer goggles, but for an economy”. My guess is that Kool-aid drinkers have all pretty much left Myanmar, with or without Rev Jim Jones’ help. - Robert Walsh, S&S Project Management “My guess … [Read more...] about ‘Window is closing’: business leaders vent frustrations over govt’s economic performance
Six months out from April 2019 elections, President Joko Widodo’s appears to be facing one of his worst nightmares with the Indonesian rupiah now at its lowest level since the devastating 1997-98 financial crisis, an event that remains embedded in the national psyche. Finance Minister Sri Mulyani Indrawati has already lowered the growth target in the 2018 Budget from 5.4% to 5.3%, worried about the risks posed by US President Donald Trump’s protectionist trade policies and the US Federal Reserve’s planned rate hikes through 2019. The dailyReport Must-reads from across Asia - directly to your inbox Both factors, a threatened global trade war — and especially a current account deficit of US$8 billion in the second quarter of this year, or 3% of GDP – are seen as responsible for the weakening rupiah, which at 14,960 to the US dollar has lost 9.2% of its value so far this year. Maritime Coordinating Minister Luhut Panjaitan, the president’s chief … [Read more...] about Indonesia’s Widodo wobbles as the rupiah tumbles
WE cannot deny that the fairly recent inflow of Chinese investments in Malaysia has been a game changer of sorts. I was on a speaking panel recently where one of the speakers railed about how Najib has sold out the country and we have become a colony of China. We know that Dr Mahathir, the "interim chairman" of PH (Pakatan Harapan) has been doing the same, blaming Najib for selling the country's sovereignty to China and that hundreds of thousands of mainland Chinese are about to flood the country. We can imagine this will form the election theme of the Malay leaders of PH. Will they succeed in swaying the Malay voters against Najib and BN? Meanwhile, the Chinese-based DAP leaders are maintaining a loud silence vis a vis the China investments as they witness the exuberant response by the leaders of the Chinese associations to this gush of Chinese investments in the local Chinese press. The way they fete the Chinese ambassador to Malaysia is without precedent. No less than the former … [Read more...] about How will the China investments impact GE14?