SINGAPORE — In a highly-anticipated policy address in Singapore, acting US Defense Secretary Patrick Shanahan warned today (June 1) China that “behavior that erodes other nations’ sovereignty and sows distrust of China’s intentions must end.”At the same time, America’s top defense official stopped short of demanding countries take sides in the US-China economic and military face-off and said that there is still a chance for the two superpowers to come to terms.“The United States does not want any country in this region to have to choose or forgo positive economic relations with any partner,” Shanahan said, adding in a veiled reference to China that “some in our region are choosing to act contrary to the principles and norms that have benefitted us all.”
KUALA LUMPUR — The Philippines appears to have won its long-running and often heated dispute with Canada over 69 shipping containers brimming with Canadian waste left to rot at two Philippine ports since 2013.Ottawa announced on Wednesday (May 22) that it had hired a private company to take back the refuse, which the Philippines has said was wrongly classified as recyclable. Officials said the waste would be back on Canadian soil by June.Ottawa’s announcement came after the Philippines said it would ship the containers back to Canada after a May 15 deadline announced by Philippine President Rodrigo Duterte had lapsed.
SINGAPORE — Just over a year ago the United States moved its embassy in Israel from Tel Aviv to Jerusalem, sparking protests in Muslim-majority countries and drawing official condemnation at the United Nations. An estimated 30,000 people demonstrated in Jakarta as Indonesian President Joko Widodo said his country “rejects” the American move as it “may disrupt the peace process in Israel and Palestine.” In late 2017, when US President Donald Trump announced he would live up to his campaign promise to move the embassy, the Malaysian government endorsed a huge protest at the US embassy in Kuala Lumpur, while Asia’s Muslim UN representatives lined up in New York to excoriate the US.
JAKARTA — Rising incomes mean that Asians are increasingly likely to get drunk at least once a month, according to new data underpinning a report on global drinking habits published this week in The Lancet, a British medical journal. Since 1990, so-called “heavy episodic drinking” has increased significantly in China, Thailand, Timor Leste and Vietnam. Tiny Bhutan, source of the concept of “gross national happiness,” coined by the country’s king in 1972 as an alternative to the standard economic yardsticks of gross national product or income per capita, is more often drowning its sorrows.
JAKARTA — As alcohol consumption rises across Asia, Indonesians, including local Catholics, appear to be oblivious to the region’s growing taste for a tipple, but Catholics elsewhere in Asia appear to be drinking more as incomes rise. New research published by The Lancet medical journal suggests Asia is the world’s booze growth market, as consumption is either leveling off or dropping in most other places. The report found that from 1990-2017, consumption increased by 104 percent across Southeast Asia and 54 percent in Western Pacific, going by to geographical regions designated by the World Health Organization (WHO). Some 79 percent of Indonesians are teetotalers, down from 84 percent in 1990, the data showed. This compares to over 90 percent of people who abstain from drinking for life in Afghanistan, Bangladesh and Pakistan, where Catholic charity Caritas has been working to help those young people who do fall prey to drug and alcohol addiction. “Muslim countries consume way less alcohol (than non-Muslim nations), and consequently (they have) substantially less of a problem drinking,” said Dr Jürgen Rehm from the University of Toronto, one of the authors of the report.
JAKARTA — As oil prices fluctuate and markets brace for the impact of the end of a US sanctions waiver on fuel purchases from Iran, Asia’s energy companies are making deals closer to home as bigger global players pull away from the region. Southeast Asia has already seen up to US$2.8 billion in mergers and acquisition (M&A) deals so far this year, according to Wood Mackenzie, a United Kingdom-based consultancy. Those deals have been led by US-based Murphy Oil selling its Malaysia operations to PTTEP, a subsidiary of Thailand’s national energy company, for $2.1 billion. Wood Mackenzie predicts that up to $14 billion of energy assets could change hands in the region this year if, as expected, more M&A deals like the Murphy-PTTEP deal are completed. Big deals such as the Murphy-PTTEP sale represent a significant jump, given that a typical Southeast Asian oil and gas M&A deal over the past five years has been worth a mere $111.6 million, according to S&P Global Market Intelligence data. Total annual energy deal values in Asia have ranged between $5.4 billion and $8.7 billion in the past four years, according to Wood Mackenzie data. Wood Mackenzie’s Andrew Harwood said that he expects buyers to be “Southeast Asian NOCs [national oil companies] and smaller regional players” with back-up from “some of the mid-tier IOCs [international oil companies] that retain Southeast Asian ambitions.”
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 — Ahead of the Philippine’s midterm elections on May 13, Catholic Church leaders in this country issued some subtle pre-vote guidance in their Holy Week and Easter messages. Cardinal Luis Tagle of Manila, probably the country’s best-known clergyman, used his Palm Sunday homily to laud “humble” leaders. Less subtly, Lingayen-Dagupan Archbishop Socrates Villegas penned a missive for a local news website that decried an “ignorance” that “has made us a nation that glees in murder” and “votes for incorrigible liars.” Posting on his Facebook page, Caloocan Bishop Pablo Virgilio David drew an analogy between Christ’s passion and the upcoming vote. “Pontius Pilate gave them a chance to vote. It was a choice between Jesus and Barabbas. They elected Barabbas and had Jesus crucified. Will your vote in May be for Jesus, or for Barabbas?” asked Bishop David, who is the vice president of the Catholic Bishops’ Conference of the Philippines (CBCP). At time of writing, the CBCP had not responded to an emailed request for comment. Bishop David’s question might have sounded cryptic to anyone unfamiliar with local politics. But given that Philippine President Rodrigo Duterte, a prolific and usually profane critic of the Catholic Church, called the bishop a “son of a whore” in a recent tirade..
BANGKOK — More than a month after parliamentary elections, the 38 million Thais who voted still waiting for results, with the prospect of a handover to a civilian government diminishing by the day in a country ruled by the army since a 2014 coup. The complicated vote was based on mix of 350 constituency seats to be decided on simple first-past-the-post contest, with 150 more seats won in a party-list system. The latter seats are to be allocated using a complicated formula that even the election commission is, it seems, struggling to get to grips with. The commission said on Thursday that it would announce the party list seat winners after the constituency seats, but then backtracked and said all the results would be ready on time. The original final deadline for the results to be announced was May 9 – but given that the election was postponed several times since the army seized power five years ago, before finally taking place on March 24th, it will be no surprise if results are not announced as scheduled either.
JAKARTA — As hundreds of millions of Asians enjoy higher living standards in the move from lower to middle class, a warning of the trend’s sustainability came this month from Europe, where middle class expansion has stalled. The Organization for Economic Co-operation and Development (OECD), a Paris-based club that includes most of the world’s wealthiest nations, reported that many of its member states have “seen their standard of living stagnate or decline, while higher income groups have continued to accumulate income and wealth.” The middle class crisis in the West means disappointment for those who hoped that standards of living would continue to improve, as was the case for their forbears during the four or five decades after World II. But more recent times have seen the top 10% of earners’ share of total wealth rocket to nearly half the national average — findings contained in a new OECD report, Under Pressure: The Squeezed Middle Class, that in turn paints a grim picture for the third of member state populations described as “economically vulnerable.”