As it happens: Indonesia elections 2024 results – Prabowo Subianto claims victory based on early counts

Mr Prabowo Subianto has claimed victory in Indonesia’s presidential election based on early counts, making it the third time lucky for the defence minister after previous attempts for the top job. He added, however, that the public should wait for official results from the General Elections Commission (KPU). 

The former general has secured over 58 per cent of votes according to some pollsters focusing on the region, ahead of rivals Anies Baswedan and Ganjar Pranowo.

“On behalf of the Prabowo-Gibran team and the Indonesian coalition, we are grateful for the quick count results. All counts, all survey institutions, including institutions that are on the sides of other presidential candidates, show the numbers that Prabowo-Gibran won (in) one round,” said Mr Prabowo to racuous applause at the Istora Senayan stadium in Jakarta.

He added: “The campaign is over; we must unite once more. Indonesians want harmony among their leaders and adherence to traditions and the teachings of our elders to seek friendly relationship rather than enmity. Indonesian culture does not favor disparaging one another.”

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Did you know that Chen Shucheng and wife Huang Peiru shot local TV’s first kissing scene in 1984?

Speaking to 8world in an interview, Shucheng said that kissing scenes back then were nothing like the passionate make-out sessions we’re used to seeing on TV now.

Instead, he described the kiss as a gentle peck, like “a dragonfly touching the surface of water”. Even so, the actor was nervous and had butterflies in his stomach.

At that time, Shucheng was 34 and Peiru, 23, and they had yet to become a couple.

They rehearsed the scene twice, and did it in just one take when the cameras started rolling.

Shucheng chuckled: “I didn’t ask Peiru (how she felt), because she was very reserved and shy.”

Shucheng also revealed that he didn’t pursue Peiru after their on-screen kiss because he initially only saw her as a younger sister.

It was only when they got the chance to play a married couple did they develop feelings for each other.

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S.5 million in wrongly charged GST for government fees over last five years to be refunded

WHO IS AFFECTED AND HOW REFUNDS WILL BE MADE

The fees collected by the six agencies apply to both individuals and businesses. GST-registered entities are not affected as they would have been able to claim the charges as input tax previously.

Only individuals and non-GST registered entities that cannot claim input tax are eligible for the refunds.

MOF said the amount of wrongly charged GST for this group is estimated at S$1.5 million per year, with the vast majority of transactions involving GST of S$5 or less for each transaction.

The government said it will refund the erroneously charged GST with interest, and pledged to make the refund process “as seamless as possible”.

The six agencies will contact affected taxpayers from March based on “available records” since Jan 1, 2019.

“All GST-registered entities are required by law to keep records for up to five years. The agencies will therefore have a record of the taxpayers who transacted within the last five years,” MOF said.

This means that the amount of wrongly charged GST is estimated at S$7.5 million over the past five years.

Beyond the five-year period, agencies “will make proactive refunds where records are available”. MOF said affected taxpayers who are not contacted by Jun 30 can contact the agencies to seek a refund.

To prevent such errors in the future, the government intends to make legislative amendments to the GST Act to “prescribe a list of regulatory fees where GST should not be charged”.

“The government is committed to upholding high standards of governance and integrity. We continually review our processes and systems, and tighten them where necessary,” MOF said.

“Where errors are discovered, we take immediate action to rectify them.”

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China’s demographic doom loop – Asia Times

China has announced that in 2023 its population declined from 1.4118 to 1.4097 billion people. Forecasting by the UN suggests China’s population will dip to 1.313 billion by 2050 and then down to about 800 million by 2100. This is a significant change and will have ramifications well beyond its borders.

There are two trends that underline such a demographic shift. First is the aging population with the percentage of those aged 60 and older currently above 20% of the total population.

Second, birth rates have dropped significantly, from 17.86 million births in 2016 to 9.02 million in 2023. Several interrelated economic consequences of such shifts could emerge which ultimately can affect China’s economic wellbeing in the mid-to-long term and resonate globally.

More than one-quarter of China’s population will be over 60 by 2040 and so less economically active (retirement age for men is 60 and for women it’s 50-55). This will put pressure on China’s pension and elderly care systems with some predictions indicating that the pension system could be bankrupted by 2035.

To avoid pension-related issues straining public resources, possible scenarios include raising the retirement age to get people to work for longer, increasing taxes to cover additional pension requirements and shrinking current benefits.

Changes in the healthcare system to cope with population changes could leave the many people feeling less well off or unhappy with services being reduced. This in turn could result in some degree of political instability.

In addition, as the dependency of the elderly on their children increases, household consumption, savings and investment levels are likely to decline, which in turns negatively affects the overall health of the economy.

Labor force reductions

As older workers retire, there will be fewer people of working age in the total population, and therefore available to work.

Taking measures to help older people continue to work for longer, for example, could become fundamental to long-term economic growth and to sustain the levels of GDP per capita. Nevertheless, as pointed out above, such measures could be politically unpopular.

Productivity gains (GDP per employed person) may also be affected by a reduced workforce and one which is getting older. Some studies find evidence that labor productivity (output per working hour) varies with age. It tends to increase as a person enters the labor market, then plateaus between 30 and 40, and eventually declines as an individual’s work-life comes to an end.

Population shifts can lead to a “doom loop” where one economic situation creates a negative impact and then another and another. As lower productivity begins to affect production in particular sectors, China may be compelled to increase imports to satisfy demand in those industries.

This could significantly affect innovation and entrepreneurship, which in turn can further diminish productivity. New ideas drive economic growth. The size of the workforce affects innovation because as the number of employed individuals shrinks, the pool of new ideas becomes narrower.

If population growth becomes negative or falls to zero, then the knowledge behind those ideas stagnates. In addition, there is evidence that the peak of a person’s innovative activities and scientific output comes at around 30 and 40 years of age.

Current demographic trends are therefore likely to stifle technological advances and innovation in China. Innovation is essential to sustain and improve living standards. Consequently, the levels of quality of life may come under strain as the population reduces.

At the same time, studies suggest that entrepreneurship can be negatively affected by the aging of the population as the percentage of young people is positively linked to entrepreneurial activities. This hampers the dynamism of the economy and contributes to slower economic growth.

China’s economic growth depends on productivity and employment growth. Economic growth is driven by the effective combination of labor and capital (money) to generate services or products.

This requires a constant or increasing population size. Importantly, with its population going down, China would need to increase its per capita productivity so as to sustain economic growth.

As we have seen, Chinese productivity is also likely to go down as a result of demographic changes. Therefore, it is expected that the Chinese economy will experience slower economic growth through, for example, the shrinking of the numbers of shoppers or consumers which will directly impact the retail trade sector.

In addition, lower demand is likely to intensify the ongoing crisis in the property sector. Fewer people able to buy property will mean a fall in prices.

And prices go up outside China

China is the second largest market in the world responsible for over one-third of the world’s growth and the second largest importer, so any changes will have global repercussions.

In Brazil and South Africa, for instance, both significant trading partners with China, these population shifts may lead to a lower demand for their exports. This may result in lower employment levels in those countries as exporting companies are forced to reduce operations.

As productivity declines in China, its trading partners may be compelled to import products from other economies which in turn can increase the prices of their products. In addition, emerging economies such as Thailand and Vietnam that rely on Chinese outbound tourism will experience significant downturns in all tourism-related sectors such as transport and hospitality as the effect of population shifts lowers the number of people able to travel overseas.

Multinational corporations will also feel demand drop because the Chinese consumer market is a large source of their revenue. The knock-on effect is likely to be global as suppliers and workers around the world find jobs disappearing. In short, as a recent OECD report puts it, a sharp economic slowdown in China would drag down global growth, the effects of which could be devastating.

Jose Caballero is a senior Economist at the IMD World Competitiveness Center, International Institute for Management Development (IMD).

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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North Korea fires several cruise missiles off east coast

SEOUL: North Korea fired multiple cruise missiles on Wednesday (Feb 14), Seoul’s military said, part of a string of weapons tests this year that have accompanied increasingly aggressive rhetoric from leader Kim Jong Un. So far this year, Kim has declared South Korea his country’s “principal enemy”, jettisoned agencies dedicatedContinue Reading

No place for the Palestinians of Gaza to go – Asia Times

On February 9, Israeli Prime Minister Benjamin Netanyahu said his army would advance into Rafah, the last remaining city in Gaza not occupied by the Israelis. Most of the 2.3 million Palestinians who live in Gaza had fled to its southern border with Egypt after being told by the Israelis on October 13, 2023, that the north had to be abandoned and that the south would be a “safe zone.”

As the Palestinians from the north, particularly from Gaza City, began their march south – often on foot – they were attacked by Israeli forces, who gave them no safe passage. The Israelis said that anything south of Wadi Gaza, which divides the narrow strip, would be safe, but then as the Palestinians moved into Deir-al-Balah, Khan Younis, and Rafah, they found the Israeli jets following them and the Israeli troops coming after them.

Now, Netanyahu has said his forces will enter Rafah to combat Hamas. On February 11, Netanyahu told NBC News that Israel would provide “safe passage for the civilian population” and that there would be no “catastrophe.”

Catastrophe

The use of the word “catastrophe” is significant. This is the accepted English translation of the Arabic nakba, used since 1948 to describe the forced removal that year of half of the Palestinian population from their homes.

Netanyahu’s use of the term comes after high officials of the Israeli government have already spoken of a “Gaza Nakba” or a “Second Nakba.” These phrases formed part of South Africa’s application to the International Court of Justice (ICJ) on December 29, 2023, alleging that they are part of the “expressions of genocidal intent against the Palestinian people by Israeli state officials.”

A month later, the ICJ said there was “plausible” evidence of genocide being conducted in Gaza, highlighting the words of the Israelis officials. One official, Israeli Defense Minister Yoav Gallant, said, “I have released all restraints” (quoted both by the South African complaint and in the ICJ’s order).

Netanyahu saying there would be no “catastrophe” after more than 28,000 Palestinians have been killed and after 2 million of the 2.3 million Palestinians in Gaza have been displaced is puzzling.

Since the ICJ’s order, the Israeli army has killed nearly 2,000 Palestinians. The Israeli army has already begun to assault Rafah, a city with a population density now at 22,000 people per square kilometer.

In response to the Israeli announcement that it would enter Rafah city, the Norwegian Refugee Council (NRC), one of the few groups operating in the southern part of Gaza, said such an invasion “could collapse the humanitarian response.”

The NRC assessed nine of the shelters in Rafah, which are housing 27,400 civilians, and found that the residents have no drinking water. Because the shelters are operating at 150% capacity, hundreds of Palestinians are living on the street.

In each of the areas that the NRC studied, they found the Palestinian refugees in the grip of hepatitis A, gastroenteritis, diarrhea, smallpox, lice and influenza. Because of the collapse of this humanitarian response from the NRC, and from the United Nations – whose agency UNRWA has lost its funding and is under attack by the Israelis – the situation will deteriorate further.

Safe passage

Netanyahu says his government will provide “safe passage” to the Palestinians. These words have been heard by the Palestinians since mid-October when they were told to keep going south to prevent being killed by the Israeli bombing. Nobody believes anything that Netanyahu says.

A Palestinian health worker, Saleem, told me that he cannot imagine any place of safety within Gaza. He came to Rafah’s al-Zohour neighborhood from Khan Younis, walking with his family, desperate to get out of the range of the Israeli guns.

“Where do we go now?” he asks me. “We cannot enter Egypt. The border is closed. So we cannot go south. We cannot go into Israel, because that is impossible. Are we to go north, back to Khan Younis and Gaza City?”

Saleem remembers that when he arrived in al-Zohour, the Israelis targeted the home of Dr Omar Mohammed Harb, killing 22 Palestinians (among them five children). The house was flattened.

The name of Dr Omar Mohammed Harb stayed with me because I recalled that two years ago his daughter Abeer was to be married to Ismail Abdel-Hameed Dweik. An Israeli air strike on the Shouhada refugee camp killed Ismail. Abeer was killed in the strike on her father’s house, which had been a refuge for those fleeing from the north. Saleem moved into that area of Rafah. Now he is unsettled. “Where to go?” he asks.

Domicide

On January 29, the UN special rapporteur on the right to adequate housing, Dr Balakrishnan Rajagopal, wrote a strong essay in The New York Times called “Domicide: the Mass Destruction of Homes Should Be a Crime Against Humanity.” Accompanying his article was a photo essay by Yaqeen Baker, whose house was destroyed in Jabalia (northern Gaza) by Israeli bombardment.

“The destruction of homes in Gaza,” Baker wrote, “has become commonplace, and so has the sentiment, ‘The important thing is that you’re safe – everything else can be replaced.’”

That is an assessment shared across Gaza among those who are still alive. But as Rajagopal says, the scale of the destruction of housing in Gaza should not be taken for granted. It is a form of “domicide,” a crime against humanity.

The Israeli attack on Gaza, Rajagopal writes, is “far worse than what we saw in Dresden and Rotterdam during World War II, where about 25,000 homes were destroyed in each city.”

In Gaza, he says, more than 70,000 housing units have been totally destroyed, and 290,000 partially damaged. In these three months of Israeli fire, he notes, “a shocking 60-70% of structures in Gaza, and up to 84% of structures in northern Gaza, have been damaged or destroyed.”

Because of this domicide, there is no place for the Palestinians in Rafah to go if they head north. Their homes have been destroyed.

“This crushing of Gaza as a place,” reflects Rajagopal, “erases the past, present, and future of many Palestinians.” This statement by Rajagopal is a recognition of the unfolding genocide in Gaza.

As I speak with Saleem, the sound of the Israeli advance can be heard in the distance. “I don’t know when we can speak next,” he says. “I don’t know where I will be.”

Vijay Prashad is an Indian historian, editor and journalist. He is a writing fellow and chief correspondent at Globetrotter, which provided this article to Asia Times. He is an editor of LeftWord Books and the director of Tricontinental: Institute for Social Research.

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Jelebu Dry Laksa closes after 1.5 years at VivoCity, will not reopen in near future

Responding to 8days.sg’s enquiry, a rep for Tipsy Collective explained that the group had decided to close Jelebu Dry Laksa “as part of their opening strategic evaluation”.

The rep added: “Tipsy Collective periodically reviews its portfolio to align with their overarching priorities. In this context, the decision to close Jelebu Dry Laksa is part of their effort to refocus on key ventures – the Tipsy Bars and the Tipsy Lifestyle divisions.”

Other than the Tipsy-branded bars, the group launched cocktail lounge Wallich Manor at Sofitel Singapore, mod Filipino restaurant Kubo Woodfired Kitchen, and local bars Lady Wu and O/T Bar. A Malaysian outlet for Tipsy Flamingo opened earlier this month in Kuala Lumpur, though it’s not co-owned by celeb couple Pierre Png and Andrea de Cruz like the one in Singapore.

Last September, Tipsy Collective also unveiled massive beach club Tipsy Unicorn at Sentosa’s Siloso Beach, though the initial opening was pushed back by the unexpected death of the group’s co-founder Derek Ong, who was 35.

“NOT REOPENING IN NEAR FUTURE”

According to the rep, Jelebu Dry Laksa will not be reopening in the near future, but “the intellectual property of the brand remains with Chef Renee, thus any future plans for the brand will be considered separately in collaboration with her”.

Tang herself “had also decided to take a step back from the brand to explore her culinary passion further”. She will be launching a new “upcoming concept” that’s not under the Tipsy Collective, but details are still in the works for now.

This story was originally published in 8Days. 

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Australia: Severe weather batters state of Victoria

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Nearly half a million homes were left without power in the Australian state of Victoria after a storm knocked out parts of the network.

Videos posted online showed torrential rain and gale-force winds uprooting trees and blowing entire sheds away.

One dairy farmer was killed – authorities suspect he was struck by flying debris while on a tractor.

The wild weather also hampered efforts to fight massive bushfires in the state’s west.

A catastrophic fire weather warning had been issued in one region – Australia’s highest level of bushfire danger.

The state’s energy minister, Lily D’Ambrosio, said Tuesday’s power blackout – which authorities warn could last for weeks – was one of the largest in Victoria’s history.

“At the peak, 529,000 were without power due to physical damage to power lines caused by extreme weather,” she said in a post on X, formerly known as Twitter.

The outages happened after a number of transmission towers collapsed in the storm – forcing a power station to shut down.

There was also widespread disruption to transport in Melbourne, with half of the city’s train lines being suspended.

Public Transport Victoria (PTV) said it had been forced to shut many lines down due to multiple reports of storm damage.

“We’ve got nothing,” a resident of Melbourne suburb Wantirna told 3AW radio, referring to mobile phone and electricity outages.

Severe weather warnings were issued by the Bureau of Meteorology but most of them were later cancelled.

In Victoria’s western Wimmera region, a catastrophic fire warning was issued on Tuesday after conditions there were said to be the worst since catastrophic wildfires four years ago. Nationally those blazes led to 480 deaths, destroyed 2,500 homes and burned 24 million hectares of land – an area the size of the UK.

Five firefighters suffered minor burns when the vehicle they were in was overtaken by fast-moving flames in the town of Pomonal.

“Obviously a very frightening experience for everybody involved,” Chris Hardiman, chief fire officer for Forest Fire Management Victoria, told public broadcaster ABC News.

Emma Kealy, an MP for the county of Lowan, said she had been told that as many as 30 properties had been lost in the local area.

On Wednesday authorities said the situation had started to ease due to cooler conditions, and the fire warning has since been downgraded.

Australia has already dealt with hundreds of fires, some of which have turned deadly, since summer officially began in December – although the fire season started well before that.

Last winter was the country’s warmest since records began more than 100 years ago, according to the Bureau of Meteorology. That was followed by its driest autumn.

The world’s top climate scientists have warned that a future full of worsening disasters, including storms and fires, is likely unless urgent action is taken to tackle climate change.

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Srettha believes he can go the distance

Srettha believes he can go the distance
Srettha: ‘No conflict’ in coalition

Prime Minister Srettha Thavisin says he intends to remain in office until he completes his four-year term, insisting there is no conflict among parties in the coalition government.

He made the remarks before cabinet ministers, key coalition party figures and government MPs were scheduled to attend a dinner at the ruling Pheu Thai Party’s headquarters on Tuesday. The dinner was intended to strengthen unity among coalition parties.

“There is no conflict [among coalition parties]. But there may be differences of opinion, [which is normal],” Mr Srettha, also the finance minister, said.

He said the dinner would give him an opportunity to talk with MPs from other coalition parties.

“I am still new to politics, so I want to take this opportunity to listen to their suggestions or complaints and thank them for their support of the government in parliament,” the prime minister said.

Responding to reporters’ questions about how long he plans to stay in office, Mr Srettha said: “I intend to remain as prime minister until I complete my four-year term. I am confident in that time, people’s lives will improve.”

Anutin Charnvirakul, leader of the Bhumjaithai Party — a key coalition government partner — said he would attend the dinner.

He added that a lunch meeting held two weeks ago was only attended by several key figures from coalition parties.

Afterwards, they agreed that the meeting, scheduled for Tuesday evening, should be held to bring key coalition party figures and government MPs together to improve ties, said Mr Anutin, who is also deputy prime minister and interior minister.

“[Last night’s] dinner [was] a chance for anyone who has misgivings or any bad feelings to clear the air,” he said.

Social Development and Human Security Minister and Chartthaipattana Party leader Varawut Silpa-archa said the dinner would underscore the solidarity between coalition parties and boost the public’s confidence.

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Donald Trump’s 60% solution – Asia Times

Someone has to talk Donald Trump down off the ledge. 

In a February 12 Fox News interview, the once and maybe future president was asked if he really wanted to slap a 60% tariff on imports from China. “No, I would say maybe it’s going to be more than that,” Trump answered.

Of course, it won’t happen. The US can’t put a 60% tariff on imports from China, any more than Trump can fly off the Trump Tower roof. The consequences of trying either stunt, though, would be similar.

When Ronald Reagan was president, imports of capital goods came to about one-tenth of total US spending on business equipment. By 2023, imports had risen to a jaw-dropping 63% of all US spending on business equipment. The US imports more capital goods than consumer goods.

China is no longer America’s biggest source of imports. Mexico is now in first place, mainly because it imports Chinese components, assembles them, and ships them to the US. But the US imports vast amounts of capital goods from China: the circuit boards that run everything from tow trucks to toasters, electric generating and switching equipment for utilities, industrial turbines and, of course, raw materials hard to source elsewhere, like rare earth metals – you name it. 

Trump wants the US to shrink its trade deficit, which has widened steadily for the past thirty years. Eventually, it will have to; the US sells its assets to foreigners to make up the difference in what it earns and pays in commerce, and it has run up a net foreign investment position of nearly $20 trillion.

But the shock treatment he proposes would push American businesses off a cliff. A huge tariff on Chinese goods wouldn’t prompt American businesses to invest and produce the same goods at home. Before American firms could produce anything, they would have to buy capital goods, which mainly come from imports, especially from China. Other countries could make up some of the difference, but China accounts for a third of the world’s manufacturing production, and there aren’t enough resources outside China to compensate.

Not only civilian business, but the US defense industry would crater as well. As the Financial Times reported on June 19, 2023: Greg Hayes, chief executive of Raytheon, said the company had “several thousand suppliers in China and decoupling … is impossible.”

“We can de-risk but not decouple,” Hayes told the Financial Times in an interview, adding that he believed this to be the case “for everybody.”

“Think about the $500bn of trade that goes from China to the US every year. More than 95 percent of rare earth materials or metals come from or are processed in China. There is no alternative,” said Hayes. “If we had to pull out of China, it would take us many, many years to re-establish that capability either domestically or in other friendly countries.”

After the 2000-2001 recession, American business discovered “capital light” investing. We made expensive software while Asia made the low-margin hardware – first Japan, then South Korea and Taiwan and then China. 

Our capital stock of manufacturing equipment hasn’t grown since 2001, according to Federal Reserve estimates. We’re about $1 trillion short in capital equipment investment at current prices compared with the long-term trend. That’s five years’ worth of total investment in capital equipment at current rates.

Rebuilding American manufacturing would take years with the strongest encouragement by the US government. It couldn’t be done without imports, because the US capital goods industry is hollowed out and American manufacturers depend on imports. That’s a matter of arithmetic. Trump is right to say that the US economy is sick, but his cure would kill the patient.

Restoring American manufacturing, as I wrote in a short book published by the Claremont Institute, requires big changes in the tax code, environmental regulation, worker training and federal support for high-tech R&D. It requires selective subsidies. With an all-in effort, the US could make a big dent in its import dependency in five years. It can be done, but not the way Trump proposes to do it.

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