In first, 3 Asian schools crack world’s top 30 university ranking – Nikkei Asian Review

JAKARTA — For the first time, three Asian universities are in the top 30 of the 2018 World University Rankings published by Times Higher Education. The rankings cover more than 1,000 universities worldwide and are arguably the best-known and most prestigious of such league tables. The new list for 2018 places the National University of Singapore as the highest ranked Asian school at 22nd, level with the University of Toronto. The other Asian schools in the top 30 are China’s Peking University at 27th — tied with New York University and the University of Edinburgh — and Tsinghua University, also in China, at 30th.

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Debt and corruption muddy US-Cambodia relations

SINGAPORE — In contrast to the anguish and astonishment expressed in many national capitals, Cambodia’s Prime Minister Hun Sen welcomed Donald Trump’s election as U.S. president in November. While the warm response augured well for Phnom Penh’s often troubled relations with Washington, prospects for improved bilateral ties have since faded. In January, the month of Trump’s inauguration, Cambodia pulled out of the “Angkor Sentinel” joint military exercises with the U.S. In early April Phnom Penh followed up that snub to Washington by halting a nine-year-old humanitarian program run by the U.S. military that involved building schools and maternity facilities in rural areas of Cambodia. These affronts were punctuated by testy exchanges between the U.S. embassy in Phnom Penh and the Cambodian government, notably over a political parties law passed in February that will make it easier for the Cambodian courts to suspend or even dissolve opposition parties. “Any government action to ban or restrict parties under the new amendments would constitute a significant setback for Cambodia’s political development, and would seriously call into question the legitimacy of the upcoming elections,” the embassy said, referring to local elections scheduled for June and a national poll due in 2018. The law has been widely criticized in Cambodia, too. Chak Sopheap, executive director of the Cambodian Center for Human Rights, described it as “an affront to the principles of liberal democracy, [which] effectively gives the ruling party a delete button which can be arbitrarily applied to their political opponents at any time.”

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Search for missing Malaysian Airlines Flight 370 ends after nearly 3 years – Los Angeles Times

JAKARTA — Nearly three years after Malaysia Airlines Flight 370 disappeared over the Indian Ocean, Australia, China and Malaysia on Tuesday called off the underwater search, saying “no new information has been discovered” to solve what has become one of aviation’s greatest mysteries. A review of the plane’s likely trajectory as well as new information about ocean currents led experts to conclude that the aircraft might have crashed into the Indian Ocean north of the search zone, and that crews should have been hunting in a 15,000-square-mile zone to the north. The Australian government rejected that recommendation, saying the findings were not precise enough to warrant moving the search. Australia, China and Malaysia, which have funded the search, said last year that the operation would be called off once all of the 46,000-mile zone had been investigated. “It is obvious that the search should be to the north,” Ghislain Wattrelos, a 52-year-old Frenchman whose wife and two children were aboard the aircraft, said in an interview.

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Kuok scion pushes the second-hand gospel- Nikkei Asian Review

JAKARTA – Kuok said there was a downside to the faddish “start-up” ambitions expressed by other students. “People just said they would like to do start-ups, but often did not know exactly what,” she told the Nikkei Asian Review. “But for start-ups it should be that there is a need for something. You see the need, you do it yourself.” Guiltless was the product of Kuok’s love of fashion and the online start-up culture she encountered at Stanford. But it also showed that the 26-year-old has her father’s nose for a business opportunity. “In Hong Kong you have much less space, and less wardrobe space. When I moved back I had such a lot of items,” she recalled. “I said to myself that rather than just throw these out — such a waste — I’d like to sell these items online, give the money to charity. But to my surprise none of the top 10 second-hand luxury sites accepted items from outside Europe or North America.”

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Asia ponders whether Trump will walk the talk – Nikkei Asian Review/FT

JAKARTA — After the most divisive election campaign in decades, tens of thousands of Americans have protested and rioted against the winner in cities across the country, prompting international concerns about an increasingly divided superpower. During his campaign, Trump called Mexicans “rapists,” appeared to mock a disabled reporter, threatened to ban Muslims from entering the U.S., and faced accusations of sexually assaulting women. Clinton was subject to an FBI investigation over her use of a private email account while working as secretary of state, while a foundation run with her husband, former President Bill Clinton, was suspected of soliciting cash from foreign governments in return for contacts in the U.S. government. China crowed over the debacle. “The innumerable scandals, rumors, conspiracy theories and obscenities make it impossible for a person to look away,” said state media outlet Xinhua News Agency. Alongside its unrivalled economic and military strength, the U.S. has relied on intangible “soft power” to influence other countries. Joseph Nye, the Harvard University scholar who coined the term, calls it “the ability to get what one wants through attraction rather than coercion or payments.” But Nye noted that American prestige in Asia has been undermined. “The lack of civility in the presidential debate and the nativist, xenophobic nature of a number of Trump’s statements have already had a negative effect on American soft power in Asia and elsewhere,” he told the Nikkei Asian Review.

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Apparel brands see opportunity in China’s two-child policy – Nikkei Asian Review

JAKARTA — A year after China began phasing out its infamous one child policy, global sports and fashion brands are hoping to sell more babywear and childrenswear in the world’s second biggest economy. “It seems reasonable to assume that now people are allowed to have more than one child, many will take advantage of the opportunity,” said a spokesperson for Adidas, a German sportswear giant perhaps best known for the three stripe logo that has long adorned the shirts and boots of the world’s best football players. In a recent survey of the Chinese childrenswear market, business research group Euromonitor forecast a 62.5% sales volume increase in babywear up to 2020, with a 38.3% increase in childrenswear projected for the same period. An Adidas spokesman told the Nikkei Asian Review that “the market for kids’ sports products and apparel continues to go from strength to strength in China and we fully expect this trend to continue.”

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Asian cities set to surge up retail hub rankings – Nikkei Asian Review

JAKARTA — Asia is home to more than half the world’s most dynamic retail hubs, according to new research that reinforces images of the region’s mall-strewn megacities. The research, by professional services and investment management company JLL, says 12 of the fastest-growing retail cities are in Asia, with eight in China alone — another indication that global economic growth is increasingly driven by the Asia-Pacific region. JLL lists Dubai as the world’s fastest-growing retail destination, with Shanghai second and Beijing third. Places 9 to 13 are occupied by Bangkok, Chengdu, Kuala Lumpur, Jakarta and Manila, respectively. Only two European cities make the top 20 — Moscow and Istanbul — with none from Africa. Mexico City is the sole city from the western hemisphere, sitting at number 19.

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China’s Xi reinforces warm ties with Hun Sen’s Cambodia – Nikkei Asian Review

JAKARTA — China and Cambodia reaffirmed their solid relationship during a two-day visit by Chinese President Xi Jinping to Phnom Penh, which ended on Oct. 14. Xi’s meetings with Cambodian government leaders yielded 31 agreements, including one that doubles Cambodia’s quota for rice exports to China to 200,000 tons a year. Cambodia’s rice sector has been hit by falling prices, affecting farmers and millers, and the government has been scrambling to offset the damage, which could undermine ruling party support among the country’s rural majority ahead of local elections in 2017. Cambodia’s long-serving Prime Minister Hun Sen recently visited China, where he pushed for an increase in the rice quota. “About 80% of our people are farmers,” Phay Siphan, spokesman for the Council of Ministers told the Nikkei Asian Review. “This agreement is very important to the rural economy.”

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Phnom Penh building boom prompts pride and puzzlement – Nikkei Asian Review

PHNOM PENH — The plush office building on Phnom Penh’s riverside was meant to showcase one of the dozens of new high-rise apartments being built all over the Cambodian capital. But the place was empty, save for an elaborate model of The Bay, a proposed $500 million multipurpose real estate project being developed by Singapore’s TEHO International Inc. Ltd. “Sorry mister, we are closed, the project is under review,” said the sole staff member inside the building, adding that the office will be rented to new tenants soon. TEHO declined to answer questions about the project’s future, but on Aug. 26 said that while the hotel planned for the complex would go ahead, the residential part was being put on hold due to “a heightened risk of oversupply.” In one of Asia’s most remarkable building booms, dozens of new multistory residences are under construction — towering over what was historically a low-rise city and standing as symbols of the country’s long economic expansion.

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Choking on growth – Nikkei Asian Review

PHNOM PENH — The skyline of Phnom Penh is changing as fast as that of any Asian city. Yellow cranes gleam in the sun after late-afternoon squalls, towering alongside green-netted scaffolding wrapped around dozens of new high-rise apartment blocks going up across the city. These are, literally, the green shoots of a building boom that made up a sixth of Cambodia’s economic growth last year. They are a sign of a transformation underway in the capital as Cambodia tries to catch up with its more prosperous neighbors. But the rapid changes also highlight a challenge that has faced many cities across Asia in recent decades: with 200 million people having moved from countryside to city in East and Southeast Asia since 2010, how can cities manage large-scale urban growth in a way that facilitates economic growth without increasing pollution and traffic jams. In BKK1, an upmarket part of the city, “the roads are too narrow, the area is not ready for so much construction, many small builders don’t talk to the municipality, there is no coordination,” said Sebastian Uy, co-owner of real estate agency Le Grand Mekong Property.

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