YANGON — The World Bank’s forecast on Jan. 30 that Myanmar’s economy will grow by more than 7% annually for the next three years appears optimistic in some quarters. In the latest issue of its Myanmar Economic Monitor, the World Bank said that while growth would most likely be around 6.5% for fiscal 2017 (ending March 31), it would then accelerate on increased investment in infrastructure and sectors such as hospitality. The adverse effects of floods in 2015 would wear off, particularly in the agricultural sector, which accounts for about 60% of the workforce and nearly 40% of the economy. In 2015/16, the final year of the previous administration headed by President Thein Sein, Myanmar’s annual growth was 7.3% — a significant increase from the 5.5% reached in 2011/12, the first year of Thein Sein’s presidency. “The World Bank forecast is somewhat at odds with the mood in the local business community,” said Stuart Larkin, a Yangon-based economic consultant.
RANGOON – More than a year after Aung San Suu Kyi won a landslide victory in Burma’s first valid national election in a quarter century, the former political prisoner is looking increasingly aloof from her own history as a victim of human rights abuses. The plight of the Muslim Rohingya minority in the west of Burma, or Myanmar as it is officially called, is well known. Denied citizenship and regarded as Bengali immigrants, the Rohingya not only have been subject to decades of official discrimination but have been largely scorned and ostracized by most Burmese people. Aung San Suu Kyi’s personal opinion on the Rohingya is unknown, she says little to the press these days, but since taking up her role as Burma’s de facto leader last year, she has done little to alleviate their plight — bar ask officials not to refer to them as “Bengali,” a term the Rohingya do not accept as it implies that they are immigrants from Bangladesh.
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.
JAKARTA – Many of Nepal’s ancient temples — which, along with its Himalayan scenery and trekking routes, have long been major tourist attractions — were damaged or destroyed in the earthquake. The famous white-domed Boudhanath temple in Kathmandu reopened in November, but the $2.1 million repair job was funded privately. Disputes over the introduction of a new constitution, intended to stabilize Nepal’s divisive politics, resulted in a damaging delay to the start of the National Reconstruction Authority, the government’s main post-earthquake rebuilding agency, which was not formed until early 2016. “Twenty-five years, 22 governments,” Chaudhary said, his usual steady baritone betraying a hint of exasperation at Nepal’s notoriously fractious politics and frequent changes of government. “Even to put in place the authority for reconstruction took a year — the parties were still fighting over who to put in charge,” said Chaudhary, who pledged $2.5 million of his own money toward the reconstruction of schools and homes.
JAKARTA — When Yunalis Zarai saw a picture of herself loom large over a New York landmark in late November, she was understandably elated. “Your Kedah-born girl just went up on the @NASDAQ billboard in Times Square New York today,” the 30-year-old singer-songwriter tweeted, with an accompanying snapshot of the signage. “Every month, the billboard will feature artistes to promote their music, so this month it’s my turn,” she explained. Professionally known as Yuna, her third album “Chapters” was ranked among the Top 10 Critics’ Choice R&B records of 2016 by Billboard, alongside albums by Beyonce, John Legend and Rihanna. The U.S. magazine compared her to Sade, a 1980s Nigerian-British singer-songwriter who sold 50 million records, including such hits as “Smooth Operator.” Yuna’s musical style and voice also has been likened to hit singers Norah Jones and Adele.
JAKARTA — There is, it seems, a link between hard work and untimely death in Asia. Perhaps the most luridly tragic side effect of Asia’s push for growth is karoshi, a Japanese term describing death from overwork, often by suicides but also linked to exhaustion and stress. Japan saw compensation claims for karoshi and illnesses related to overwork rise to a record high of 2,310 cases in 2015. A government white paper published this October warned that almost a quarter of the workforce could be vulnerable to karoshi, with the benchmark set at employees who work more than 80 hours of overtime each month.
The suicide of Matsuri Takahashi, an employee of advertising agency Dentsu, in December 2015 seems to have sparked a more determined push for reform. The 24-year-old jumped to her death from a company dormitory after putting in more than 100 hours of overtime the previous month. On Nov. 7, Tokyo Labor Bureau officials raided Dentsu offices on suspicion of violating labor laws. The following day, Yasuhisa Shiozaki, minister of health, labor and welfare, said the ministry “will thoroughly investigate, eyeing the possibility of sending the case to prosecutors.”
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.”
JAKARTA – Around lunchtime on December 2, the skies opened over Jakarta. But the downpour was probably the last thing on Indonesian President Joko Widodo’s mind as he strolled the few hundred yards from the presidential palace to a nearby plaza, where an estimated half a million Islamist protesters were chanting for the arrest of one of his political allies. Such blusukan — casual walkabouts in markets and villages—were a key part of Widodo’s electioneering and made him seem a down-to-earth man of the people in voters’ eyes. All the same, the protesters were taken aback by the president’s gate-crashing, especially when he joined their ranks, which included some of Indonesia’s most hard-line Islamist leaders, for Friday prayers. “Jokowi,” as the president is known, commended the drenched crowd for assembling peacefully, interspersing his brief cameo with cries of “Allahu Akbar,” and prayed with Habib Rizieq Shihab, the head of the shadowy Islamic Defenders Front, known as the FPI, an Indonesian acronym. One protester, who gave his name as Ahmad, said that he was very surprised, but that “it was good that Jokowi spoke; it helps Indonesia be united.” Ahmad said that he had flown in from Bali, a majority Hindu holiday island, to attend the demonstration. The target of his and the other protesters’ ire was Basuki “Ahok” Tjahaja Purnama], who was deputy governor of Jakarta and was elevated to the governorship in 2014 when Widodo, who had held the post, became president. Purnama is a Christian of Chinese descent, a blunt and forceful outsider running the capital of the country with the world’s biggest Muslim population.
JAKARTA – Aid workers, soldiers and others tore through the rubble of collapsed buildings in the northwestern Indonesian province of Aceh on Wednesday in a frantic search for people trapped by an earthquake that killed at least 97 people. early Wednesday morning, officials said. Maj. Gen. Tatang Sulaiman, chief of the army in Aceh province, said four people had been pulled from the rubble alive by late Wednesday.. Another four or five still believed to be buried, but he didn’t say if they were dead or alive. By sundown, local disaster relief officials said the number of injured had reached 600. The number of victims was predicted to increase “because some people are still stuck under the damaged buildings,” National Disaster Mitigation Agency spokesman Sutopo Purwo Nugroho said. The magnitude 6.5 quake was centered about six miles north of Reuleut, a town in northern Aceh, according to the U.S. Geological Survey. The worst damage occurred in Aceh’s Pidie Jaya district, where hundreds of people were rushed to hospitals and dozens of buildings were flattened. Local officials appealed for emergency relief supplies and heavy equipment to move debris and aid in the search for survivors.
JAKARTA — On the face of it, Indonesian President Joko Widodo and his soon-to-be American counterpart U.S. President-elect Donald Trump could not be more dissimilar. Widodo, or “Jokowi” as he is known, is understated, self-effacing and wry, while Trump is abrasive, brash and loquacious. Before entering Indonesian politics, Widodo was a furniture exporter, while Trump, a real estate mogul, has long been one of the best-known U.S. businessmen. During a five-minute phone call on Nov. 28, it was reported that the two leaders hit it off. “It seems because both are lifelong businessmen they really connect well, there is good chemistry,” said Thomas Lembong, chairman of the Indonesia Investment Co-ordination Board, the government investment agency, speaking to media at the Forbes Global CEO Conference in Jakarta. “They had a very cordial telephone conversation,” added Lembong, who was Indonesia’s trade minister before a cabinet reshuffle in mid-2016. If true, the rapport between Trump and Widodo could offset any Indonesian disappointment over the incoming U.S. administration’s intention to ditch the Trans-Pacific Partnership, a far-reaching free trade pact between the U.S. and 11 other Asia-Pacific countries. Indonesia was not among the initial 12 signatories to TPP, but had wanted to join the bloc. In the wake of Trump’s announcement, Lembong said Jakarta would continue to try to liberalize its trading arrangements with other countries. “President Jokowi reaffirmed our commitment to free trade, to international investment. We are very committed to concluding our free trade agreements with the European Union, with Australia. Our economic agenda remains unchanged,” Lembong told the Nikkei Asian Review.