KUALA LUMPUR — Pakistan plans to import more Malaysian palm oil to make up for losses incurred since India imposed informal restrictions on Malaysian imports last month. Speaking alongside visiting Pakistani Prime Minister Imran Khan today, Malaysian Premier Mahathir Mohamad said Pakistan is “quite ready” to import more of the commodity from Malaysia. Khan in turn thanked Mahathir for speaking out against New Delhi’s policies in Kashmir, a disputed Muslim-majority region divided between India and Pakistan, and said his country will “try its best to compensate” Malaysia for India’s apparent retaliation. Mahathir has also accused the Indian government of discriminating against Muslims.
PHNOM PENH — The world’s proposed biggest free trade agreement was dealt a blow on Monday when India made a last minute but unsurprising withdrawal from seven-year-old negotiations during a series of weekend meetings of Asian governments in Bangkok. The Regional Comprehensive Economic Partnership, or RCEP, would have encompassed all ten members of the Association of Southeast Asian Nations (ASEAN), as well as Australia, China, India, Japan, New Zealand and South Korea. It also would have made for the world’s biggest trade deal measured by population and factoring in the combined gross domestic products (GDPs) of the putative signatories, though India’s withdrawal could see it drop below the Canada-Mexico-United States deal formerly known as NAFTA in combined GDP. India would have been the third largest economy in the tariff-reducing trade deal.
KUALA LUMPUR — New economic data shows that foreign remittances sent to Asian countries hit US$300 billion for the first time last year, underscoring the ever-rising importance overseas work for the region’s laborers despite world-beating economic growth rates. Freshly released World Bank statistics put the total amount of remittances for 2018 to countries in South Asia, Central Asia, Southeast Asia, East Asia and the Pacific at $299.6 billion, a sum that does not include what are believed to be substantial informal flows of money sent home by regional migrants. Globally and in Asia, remittance figures are growing year by year, despite heady 6-7% gross domestic product (GDP) growth in countries such as the Philippines, a nation which has around 10 million of its citizens working abroad across various vocations. The 2018 amount of regional remittances was around $25 billion greater than in 2017 and $125 billion more than in 2008. Worldwide, remittance flows now account for more than foreign direct investment to middle and low income countries excluding China, the World Bank data shows.
JAKARTA — Sri Lankan Christians on Monday were struggling to come to terms with deadly terrorist attacks that targeted Catholic churches during Easter Sunday Mass, with three hotels in the capital of Colombo also hit in apparent so-called suicide bombings. At the time of writing, the confirmed death toll stood at 290, with around 500 people injured, many seriously. Speaking by telephone to the Register on Monday, Cardinal Malcolm Ranjith of Colombo described the attacks as “a shocking incident.” “We never expected these kind of attacks on our communities worshipping in our Church,” he said. Cardinal Ranjith put the number of Catholics killed in the attacks at “between 150 to 180” and expressed his condolences to the families of the other victims, at the hotels and at the Zion Evangelical Protestant Church. “I hope that they [the Sri Lankan authorities] will discover who was behind this and bring them to book, according to the law,” the cardinal said.
KUALA LUMPUR — The spread of online political rumors, false content and hoaxes has fact-checkers working overtime ahead of elections in Thailand, India, Indonesia and the Philippines. In February, a video first seen last year resurfaced on social media of Grace Poe, a Philippine politician, allegedly backing the blocking of Facebook in the country, where freedom of speech is ingrained in the constitution and the number of social media users is 76 million, much higher than the 61.8 million people who are registered to vote. But the video, which was posted by an account supporting President Rodrigo Duterte, who defeated Poe and other candidates in 2016 presidential elections, excluded some vital comments by the senator, who will defend her seat in May’s midterm elections. “Can you block a particular company like Facebook from being accessed in the Philippines? I know they do this in China,” Poe was shown saying in the video, which had omitted the preceding comments to the question she posed: “Not that we’re going to do this — I’ll be the first to disagree if they do.” The misleading video was flagged by Vera Files, a fact-checking organization that is part of an elections-focused collaboration called Tsek.ph and which includes some of the Philippines’ main newspapers, television stations and media academics.
JAKARTA — When Mahathir Mohamad’s Alliance of Hope coalition surprised the world — and perhaps even themselves — by winning last May’s parliamentary vote in Malaysia, it was not just the first-ever opposition election win in the country’s history. Some saw it as the result of the first “WhatsApp election,” where the platform’s encrypted private messaging provided a sanctuary for citizens to discuss politics away from the raucous finger-pointing of social media platforms such as Twitter and Facebook. WhatsApp “offered security in that messages would come from ‘trusted’ contacts and thus be more ‘believable'” than open services such as Facebook or Twitter, said Serina Abdul Rahman, whose election research for the Singapore-based ISEAS-Yusok Ishak Institute took her to rural areas in the south and north of Malaysia. Apprehension over commenting publicly was likely heightened by Prime Minister Najib Razak’s anti-fake news law, which was announced ahead of the elections. Some saw the law as a tool for Najib to avoid public discussion of corruption allegations related to the scandal-riddled sovereign wealth fund, 1MDB.
JAKARTA — Governments across Asia are seeking to bring millions of informal workers into regulated employment, and stem a major economic drag on the world’s fastest-growing region. Bangladesh, Indonesia and China have taken steps this month that could help formalize employment for a vast pool of workers that are struggling on the margins of their economies, many as self-employed merchants or agricultural laborers. The World Bank estimates that informal workers make up 47% of jobs in the East Asia and Pacific region, with the figure rising to between 60% and 80% in lower income countries such as Myanmar and Laos. The government in Dhaka last week signed a $250 million deal with the institution aimed at supporting efforts “to create large-scale, better-paid and inclusive jobs.”
JAKARTA — Wages in Asia grew by an average of 3.5% last year, nearly ten times faster than the 0.4% increase seen among the wealthiest members of the Group of 20 countries, whose leaders will meet in Argentina later this week. Driven largely by Asian economies and China in particular, wages in the G-20’s emerging or developing economies — including Indonesia and India — have tripled overall in the two decades since the Asian financial crisis, according to a new report by the International Labour Organization. The disparity between developed countries such as Japan — where wages declined by 0.4% last year — and less-developed countries in Asia, is partly due to emerging economies growing much faster and enjoying lower inflation than other emerging or developing regions such as Africa, Latin America, Eastern Europe or the Middle East.
JAKARTA — Myanmar attracted the most foreign direct investment of any of the world’s so-called “least developed countries” in 2017, even as the nation’s reputation plummeted over its forced expulsion of tens of thousands of Rohingya Muslims. The $4.3 billion worth of realized FDI that went into the resource-rich Southeast Asian country put it on top of the global economy’s bottom division of 47 nations, according to a report by the United Nations Conference on Trade and Development. Myanmar edged out second-place Ethiopia, with Asian neighbors Cambodia and Bangladesh taking third and fifth spots. Even so the nations remain far behind Association of Southeast Asian Nations peers such as Indonesia and Vietnam.
DUBAI — The food stalls ringing the interior of Little Manila in Dubai make for a nostalgic evocation of the real thing — and serve as a home away from home for some of the estimated 750,000 Filipinos in the United Arab Emirates. Across Dubai there are dozens of similarly themed restaurants and shops, sometimes even entire streets, catering to expatriate worker communities from India, Indonesia, Pakistan, Sri Lanka, Thailand and several other Asian countries. Much of the talk in these establishments now centers on the thousands of stranded workers who are availing of a temporary amnesty provided by the government to fly home after having any prospective punishments for visa infractions revoked.