DOONBEG — Every time President Trump rails against big “pharma” over the jobs that have been shipped overseas, his pledges to streamline regulations and lower taxes to lure them home prompt grimaces 3,000 miles across the Atlantic Ocean. More than 50,000 people are employed with pharmaceutical and medical device companies here in Ireland, with most of the companies refugees from America. Baxter, a medical equipment manufacturer based in Deerfield, Illinois, employs a thousand people in Ireland. Pfizer, Boston Scientific and Johnson & Johnson all have substantial Irish operations. Dublin’s Silicon Docks neighborhood earned its nickname after Facebook, Google, Twitter and other U.S. tech companies set up in glossy offices, often mammoth European headquarters, close to the River Liffey. They are among an estimated 700 U.S. companies which, attracted by Ireland’s low corporate tax rate and English-speaking work force, have helped drive a multinational invasion on the Emerald Isle that once turned it into the “Celtic Tiger” of Europe, employing around 170,000 people in all.
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 — 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.
JAKARTA — As Donald Trump spoke to a raucous, cheering crowd of supporters in New York after winning the US presidential election, Asia reacted to his unforeseen triumph over frontrunner Hillary Clinton with a mixture of surprise and optimism. “We just don’t know how a Trump presidency would be with regard to Asia, with regard to security issues such as the South China Sea,” said Richard Heydarian, a Philippine political scientist, referring to the Republican candidate’s perceived isolationism and threats to force U.S. allies in Asia to fend for themselves. Trump pledged again to put “America first,” echoing one of his campaign mantras, but in remarks aimed at “the rest of the world, the president-elect said “we will deal fairly with everyone.” That pledge includes another loud-mouthed septuagenarian president, the Philippines’ Rodrigo Duterte, who has repeatedly insulted President Barack Obama since taking office in mid-2016. The prospect of the two aging chest thumpers facing off could lead to trouble, Heydarian said. “Obama was very calm and rational in the face of Duterte’s comments [calling the US president “a son of a whore”]. How will Trump react if Duterte says the same?”
JAKARTA — America’s quirky electoral college system is meant as “a compromise between election of the president by a vote in Congress and election of the president by a popular vote of qualified citizens,” according to the U.S. National Archives. “In a global perspective, the most common format is a two-round system. This involves the public choosing between a greater range of candidates to begin with. The finalists (usually two) then go head-to-head for the presidency in a final vote,” said Toby Green, an elections expert at the University of East Anglia. The system helps ensure the dominance of the two main parties, the Republicans and the Democrats. In 1992, although independent candidate Ross Perot won 19% of the popular vote nationwide, he did not win any electoral college votes. The overall national vote does not usually equal the electoral college vote outcome. For example, Barack Obama win 51% of the nationwide vote in 2012, but 61% of the electoral college vote. In 2008, Obama won 53% of the popular vote but 68% of the electoral college vote. In four elections since 1800, the winning president has lost the popular vote — the last time in 2000 when George W. Bush won a cliffhanger election by getting Florida’s electoral college votes.
SYDNEY — The U.S. government’s latest annual Trafficking in Persons report, published on June 30, generated the usual mix of dismay and relief among countries named. In Asia, countries including Myanmar responded angrily to their downgrading in the influential rankings, which can affect their standing as U.S. trade partners among other aspects of their ties with Washington. The Philippines — despite, as the report noted, having a “significant problem” of sex trafficking — was upgraded to the top tier of countries for its efforts to counteract trafficking. The list, which this year rated 190 countries — two more than last year — includes countries which the state department says “fully meet the Trafficking Victims Protection Act’s (TVPA) minimum standards,” a level attained by only two other Asian countries, South Korea and Taiwan. The Obama administration’s “Asia pivot,” an attempt to enhance diplomatic and commercial ties with the world’s most economically dynamic region and to counter the growing sway of China, saw a thawing of ties with Myanmar. As well as relaxing most of its economic sanctions on the country, the U.S. quickly lifted Myanmar out of the bottom tier of its trafficking rankings under the quasi civilian government of former President Thein Sein. But the 2016 report saw Myanmar demoted to Tier 3, the bottom rank, alongside countries such as North Korea and Sudan.
KUALA LUMPUR — U.S. President Barack Obama has just wound up a visit to Vietnam that saw two former antagonists, who for two decades have been growing trade partners, draw even closer, with the dropping of a U.S. arms embargo against the communist-ruled country. “He himself said the welcome of Vietnamese people has touched his heart. [He was] very moved and very thankful,” said Vietnam’s new prime minister, Nguyen Xuan Phuc, in an interview with foreign media given on Wednesday. Obama was greeted by thousands of well-wishers on the streets of Hanoi, the capital, and Ho Chi Minh City, the biggest city and economic hub of the country, which was previously known as Saigon. However, the visit was marred by signals that Vietnam, a one-party state, remains unwilling to cede ground on freedom of speech, with several noted advocates of democratic reforms prevented from meeting with Obama as scheduled and with the government staging a sham election to the country’s communist-run parliament on the day of Obama’s arrival. One positive note prefaced Obama’s arrival in Vietnam last Sunday, with the release from jail of one of the country’s most determined dissidents, Father Nguyen Van Ly. The Catholic priest was first imprisoned by the communist regime in 1977, two years after the end of the Vietnam War, and had spent much of the intervening 38 years in jail or under house arrest.
YANGON – Myanmar has jailed several journalists this year, while one reporter, Ko Par Gyi, was murdered by the army in the country’s east. Some new laws have been heavily criticised, while calls to amend the country’s constitution, which gives the army a veto-wielding 25 percent of parliament seats, have not prompted any change yet.”I think we certainly did see a lot of reforms in 2012 and 2013, but 2014 has perhaps added an element of realism, with the concerns over the constitutional amendment process,” Melissa Crouch, Research Fellow at the National University of Singapore, told The Edge Review.
BANDAR SERI BAGAWAN — The pre-summit chat was all about the absence of Barack Obama, but when pressed, Asian governments were quick to suggest that they had bigger concerns than the embattled American President’s no-show, with an October 17 deadline for the U.S. to raise its ‘debt ceiling’ hanging over the various summit meetings held in the Brunei capital earlier this week. American lawmakers have yet to cut a deal to raise Washington’s mammoth $16.7 trillion borrowing limit, the ‘debt ceiling, ‘which is set to expire on October 17. The stand-off forced the closure of much of the U.S. government and prompted President Obama to cancel his planned visits to Brunei, Indonesia, Malaysia and the Philippines. And while the government shutdown has prompted worldwide bemusement, the looming debt crisis has left Asia’s emerging economies nervous about the unheralded knock-on effects that could come about – if the U.S. ends up defaulting on its debt. Around 60% of China’s foreign currency reserves are thought to be American assets, so Prime Minister Li Keqiang’s words to U.S. Secretary of State John Kerry – that “China is highly concerned with the United States’ debt ceiling issue,” according to a report in by the state-run China News Service – are no surprise.