AIIB starts new era for Asia
By Chua Chin Leng (chinadaily.com.cn)Updated: 2016-01-16 11:27
After three years in the making, the Asian Infrastructure Investment Bank (AIIB) officially opens for business on Jan 16, 2016. The AIIB is a milestone for Asia; it’s for Asian countries to take charge of their futures going forward. Asian countries now have an Asian bank financed mainly by Asian countries providing funds for infrastructure development in Asia.
The positive contribution of an Asian bank to finance infrastructure development, energy, and transportation in Asia is clear and obvious. The encouraging international membership is a vindication of the need and the niche role that AIIB could play for its Asian members.
The participation of many western economic powers gives credence and affirmation that the AIIB is on the right path and would be an essential organization in the same league as the World Bank, the International Monetary Fund (IMF), and the Asian Development Bank (ADB). On a positive note, the AIIB would play a complimentary role to these existing institutions, to provide financing and fill the gaps that the existing structure and organizations could not do. The needs of Asian countries to develop their coal, thermal, and hydro power infrastructure excluded by the Bretton Woods Agreements would now be served by the AIIB.
The challenges faced by the AIIB are more political than economics. The opposition from the American and Japanese corner arises from their perception that the AIIB is a challenge to their dominance and monopoly in the existing world order.
No one can deny the great economic benefits that the AIIB would bring to Asian countries. The political rhetoric is just that and economic considerations would rule the day as was seen by the last minute entry of the Philippines becoming a founding member. No Asian country would want to be left out from benefiting from an Asian Bank with a primary role of supporting the infrastructure development of Asian countries.
Obstacles, real and imaginary, would be placed by beneficiaries of the old world order into the path of the AIIB. It is important that Asian countries like China, India, and Russia would put their priorities right, to see to it that an Asian bank could succeed under their leadership to serve Asian interests and the ascendance of Asian powers, to free Asian countries from the dominance of western powers.
The Asian countries would also work closely with the western members in the AIIB to ensure that AIIB is run professionally and abiding by all the good practices of the World Bank, IMF, and ADB, and to be a credible and sustainable Asian bank.
The AIIB is a showpiece of Asia, an announcement that Asia has arrived and Asian countries are able and capable of managing the economic development of Asia with Asian expertise, funds and professional management. The primacy of economic considerations should be the guiding principle of the AIIB and not politics. AIIB should not become a political organization and be bogged down with political squabbling if it is to survive the challenges that would fall in its path.
It cannot avoid or totally be detached from the political implications and conflicts in geopolitics. As long as the AIIB can put the economic interests of its member countries above politics, with transparent and good governance, it would be unshakable to the negative political rhetoric and criticisms of its critics and naysayers.
All Asian countries have a vested interest to see to it that the AIIB is a success and benefits all members. This responsibility rests squarely on the shoulders of the emerging Asian economic power houses, in China, India, South Korea, in Russia and in the central and south East Asian countries.
The author is a political observer from Singapore.
Chinatown hawker centre. Hawker Centres are a national heritage, selling a wide variety of food at very reasonable prices. They are spread across the whole island and is part of the Singapore way of life.
1/19/2016
Fate of racial harmony in Singapore
“Peace in
Republic is result of the ‘deliberate choice’ made by the country’s forefathers.”
This is quoted from yesterday’s Today paper in an article by Amanda Lee. I
think most Singaporeans would agree with this statement wholeheartedly. It is a
historical fact. Our forefathers were brought here by the colonial masters to
serve the interests of Empire for cheap and compliant labour. And when we were
given independence, this mix bag of people was there and our forefathers had to
make the best out of it. They had to live with whatever that was here. They did
not create the problem of a population of so many races. They had no choice.
Chee Hean
made a speech saying that the fate of racial harmony lies with the
Singaporeans. How many of you agree with him? Our forefathers did their best
and we were hammered, coerced and coaxed into becoming a people called
Singaporeans. They succeeded to bring a people different in race, religion and
history together to live as one people. That was their achievements.
Today, the
people did have a choice, oops, not really, when the govt imported more than
two million foreigners from all over the world and shafted them down the throat
of the people. The govt had a choice, the people did not. The govt consciously
and deliberately chose to do this, to bring another mix bag of people of different
races, religions and historical background into a Singapore that had four major
ethnic groups of people living peacefully together in harmony. The govt decided
this for the people.
Now Chee
Hean is saying that racial harmony is now the responsibility of Singaporeans to
make it work again? Why is this not the responsibility of those people who
decided to bring these foreigners here against the wishes of the Singaporeans,
without the consent of the Singaporeans? How many of you agree with what Chee
Hean said, that it is now the Singaporeans’ responsibility?
Peace and
racial harmony were a deliberate choice of our forefathers. Is the influx of
more than two million foreigners in so short a span of time a deliberate choice
of the Singaporeans of today? If it is, then it must be the responsibility of
the Singaporeans to make it work. If not, then who should be responsible to
make it work? Who should be held responsible if it did not work and the
problems became national problems?
Chee Hean
lauded the peace and harmony we have so far and attributed this to ‘Each
community did not insist on the primacy of its race, language or practices. Instead,
each of our communities is prepared to practice its own culture and religion in
the context of making adaptations to accommodate others where necessary.’ Can this be taken for granted, that it would
always be like that? There are already signs of intolerance by the new immigrants
and new citizens that they would like to be different and demanding more
recognition of who they are and what they are.
By the way,
why is it not the responsibility of the new immigrants to make racial harmony
works? Why are foreigners easily let off when they bashed up Singaporeans for
the smallest excuse?
The hungry
Singaporeans of yesteryears were hungry enough to want to get on with their lives,
to be left in peace, just to work for a better life. The new Singaporeans are
not hungry, not that easy to please, very demanding and would not be easily
persuaded to accommodate, integrate and accept the way of lives of other ethnic
and religious groups. We are not dealing with the same inputs, the same
environment and the same realities. Do not take our good fortune of racial
harmony for granted and think everything will be the same, so easily done, so
simple. Just because someone said integrate and the new and old citizens will
integrate. Just throw a free makan and all is well, we will have a happy
integrated society with racial harmony. So simple!
1/18/2016
2 men changed the balance of power in the 21st Century
Today we are
seeing the world increasingly turning into a bi polar world with an ascending
China challenging the dominance of a crumbling American hegemony. To the
Americans and their sympathizers, particularly the bananas that did not know
who they are and still trying very hard to believe their forefathers came from
the West and were really descendants of some John Smith or George Washington,
they must all be bewildered by the changing balance and wondering what had gone
wrong. How did the world become what it is today when the great USA becomes a
nation of debtors and the poorest and unassuming country, Communist China, is
their biggest creditor?
To make
matters worse, this creditor is not going to go away and will come knocking at
the door to collect the debt from the debtor. And no matter what the debtor is
trying to do, the debt keeps piling up and sitting on the debtor like a
mountain. There is no escape from the weight of the debt.
And everyday,
the superiority and advantage of the debtor in every field of endeavour is
shifting to favour the creditor, from manufacturing to farming, from consumer
goods to weapons, from ships to aircraft, commercial planes to war planes, war
ships, transportation, telecommunication, satellites, rocketry, computer and
cyber technology, green technology, the creditor is catching up and already
better in many fields.
How can it
be? In only a short span of one generation, the seemingly unsurpassed
superiority of the Americans has been surpassed. Everything the Americans are
doing, or have done, the Chinese have bettered or in the process of catching
up.
The
Americans must be shaking in disbelief, pinching themselves silly asking
themselves this is not true. The sad thing is that this is true. The poor
illiterate, backward peasants of a poor communist country, plagued by poverty
and famine, inefficiency, low education, lack of financial resources and money,
lack of talents, scientists, engineers, architects, medical professionals,
academics, thinkers and planners, military experts, now they have plenty of
them, and damn bloody good ones. There was not a single millionaire in 1980 in
China. Today the millionaires are crawling everywhere, with equally many
billionaires and some to the riches in the world.
The
Americans did not see this coming. It is now history. It is too late to think
of containing China and keeping it as a developing nation for another century
by all kinds of sanctions, blockages and obstacles placed in its way. The new
China is here. Who did it?
Two men, one
an American, another a Chinese but not of Chinese nationality did it. The
American and the non Chinese Chinese convinced the Americans that it was a good
thing to engage China and bring China into the world community, to integrate
China with the world instead of making China an enemy. Of course that was real
and a good thing, but may not necessarily be good to the American hegemony. The
one billion people will rise one day to be the equals of the world. It would be
better to work with them and cultivate and build a healthy relationship with
this one billion people, to be friends than enemies.
It sounded
logical. The Americans also thought so. What harm could it bring to help another
nation of people to live better and to live in peace? It would take maybe a
century for them to get the act together to rise out of poverty. It was a tough
and long process and maybe they might not be able to do it. These are the same people that were good
enough to be coolies, cooks and laundrymen, without very little talent.
Many
countries were still struggling to reach the level of wealth of developed
countries and many hardly made any real changes, just managing to stand above
the poverty level, to join the ranks of developing countries since the end of
WW2. A huge moribund country like China,
with one billion hungry and illiterate people would take much more time to sort
themselves out of poverty. How to feed a billion people is not a joke.
Who in his
right mind could perceive that a poor China that was short of everything except
poor people could turn around in 30 years and in 40 years, vying for world
dominance with the Americans for world supremacy? Who would believe the richest nation could owe
the poorest nation a ton of debt in a short span of 40 years?
The
Americans are in shock and in awe today. Now, how to reverse the trend? The losing
trend is just too fast and too hard to swallow. All the defences are up, all
the obstacles are raised again, to contain China, to keep it poor or not
allowed to get richer, to overtake the richest and most powerful country in the
world.
Alas, it is
a bit too late. The momentum is so strong that within the next 5 years, China
will be Number One in financial terms, the Number One economy in the world.
Two men did
it, to change the balance of power of the 21st Century.
Australia rejects US plea to fight IS
It was reported that
the Australians had rejected the American’s plea for more help to commit more
troops and equipment to fight IS. Australians have said they had done enough.
The Americans are coercing their allies for greater commitments. The Australians said they had no more
appetite for more it.
How many eager beavers
or silly allies will be hopping onto the American bandwagon to send troops to
fight the IS which is actually an American red herring, created to destabilize
the Middle East in perpetuity? The Americans have enough military power and
assets to destroy the earth, all the countries, many times over and cannot
fight the IS on its own, needing more commitments from stupid allies? What is
the real intent of the Americans to get more silly allies to fight in the ME
shadow play?
The current American
pretense to want to do more is a result of the success of the Russians who were
there with a real intent to destroy IS, and thus exposing the farce of the
American game plan. There have been many reports that the Americans forces were
attacking the Syrian govt soldiers and positions instead of fighting the IS.
And the complicity of the Americans, the Saudis, the Turks and other allies in
fighting on the side of the IS are getting more ridiculous. The Americans and
its stupid allies are there to remove the Assad govt, not to fight IS.
And this is not the end
of the American game plan. They would demand and coerce their stupid allies to
commit more assets and soldiers should they be successful in provoking a war in
the South China Sea or in the Korean Peninsula. And it will again be you are
with us or against us. The Australians knew exactly what the Americans are
conceiving and wanted out, not wanting to be dragged in further by the
Americans in a war that they did not want and have nothing to do with it. It is a clear signal that the Australians
would not want to engage in more American incited wars, and not in the South China Sea against China .
Who would the
Americans coerce next to send more troops and assets to fight in the ME? The
Europeans, other than the hardcore British and French, are opting out as well. I
think the Americans have several pets in Asean that would be most willing to
say yes to more wars.
1/17/2016
554 dengue cases over past week
National Environment Agency
AsiaOne
The National Environment Agency (NEA) said on Tuesday
that 554 cases of dengue fever were reported over the past week, an increase of
96 cases as compared to the previous week….
This may signal a future dengue outbreak unless measures
are taken to suppress the Aedes mosquito population by eradicating their
habitats, NEA said.
- See more at: http://yourhealth.asiaone.com/content/554-dengue-cases-over-past-week-further-rise-likely-nea#sthash.vah5M5OO.dpuf
The above is an extract from AsiaOne online.
The full report included a chart showing a weekly peak of 842
cases in 2013 and 921 cases in 2014. So having 554 cases in a week is nothing
to worry about as it has not hit the previous peak. And it is not an outbreak.
What then is an outbreak, above the two previous peaks?
554 cases in a week translate to nearly 80 cases a day.
Tolerable? Of course in percentage terms against a 5.5m population it is very
small, like the hepatitis C outbreak recently. There are more than 2m
foreigners in the islands, no big deal. Maybe compared to 3rd World
countries, this is normal.
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