Corruption crackdown in Bangladesh sends tremors through Malaysia’s migrant labour ecosystem

Dhaka-based Financial Express, which quoted the ACC director, named several different elected members involved in the migrant workers recruitment industry being investigated by the government.

Prothom Alo, a Bengali-language everyday, had likewise reported extensively on the ACC assault and named another elected representatives.

SERIOUS Consequences

Left activists and political analysts believe that the transplant assault on the so-called syndicates operating in the export of labor is a result of the broad and ambitious campaign launched by the new time government, led by Nobel laureate Mohammad Yunus, to reform the court and police, and to clear up the government.

More than 400, 000 documented Bengal workers are present in the country, and a large number more are attempting to enter the country illegally. They make up for the country’s one of the largest numbers of foreign workers, who collectively make up almost 30 % of the country’s estimated 17 million people.

The main goal of the ACC’s crackdown is the dismantling of a network of Bangladeshi and Indonesian businesses that has a monopoly over the recruitment of overseas workers, according to Bangladesh journalists reporting on the corruption scandal and executives from Dhaka-based recruitment agencies.

Bestinet Sdn Bhd, a Kuala Lumpur-based company, is a key player in Malaysia. &nbsp,

The main goal of the onslaught is to “move apart from dealing with Bestinet and its network of companies and others in the gang that work outside the law,” according to Mr. Md Rezaul Karim, the managing director of the Dhaka-based recruitment company Hope Human Resources, in a phone interview over the weekend.

He added that the Bangladeshi crackdown has caused the offices of recruitment firms and labor brokers engaged in the recruitment of employees for the Indonesian market to close. &nbsp, &nbsp,

” The ACC walk is very effective, and the winds of change are blowing in the Bangladesh workers business”, he said.

WINDS OF CHANGE

The lakes in Malaysia are being roiling due to the advances in Bangladesh. &nbsp,

Saifuddin Nasution Ismail, the home secretary, is spearheading a separate plan to reform the government’s contentious foreign worker recruitment business. He has ordered ministries under his government to look into allegations of corruption raised by the Bangladesh authorities as well as their possible connections to Malaysian state officials and businesses engaged in labor selection.

CNA asked for comment on several occasions, but Mr. Saifuddin and Bestinet did not respond.

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Rail concession buyback idea gains support

Congestion sales may be responsible for money, but how strict is it?

A sign promoting the 20-baht maximum fare is seen in front of Red Line commuter train at the Krung Thep Aphiwat Central Terminal in Bangkok. (Photo: Pattarapong Chatpattarasill)
In front of the Red Line passenger train at Bangkok’s Krung Thep Aphiwat Central Terminal, a signal promoting the 20-baht optimum fare can be seen. ( Photo: Pattarapong Chatpattarasill )

Former deputy governor of Bangkok says he backs the proposal to have the government repurchase agreements for electric trains in order to keep charges at 20 baht per journey that former prime minister Thaksin Shinawatra has suggested.

Suriya Jungrungreangkit, the commission’s secretary of transportation, previously said he concurred with Thaksin’s suggestion because it was in line with the agency’s policy of capting train service fares at that level. Samart Ratchapolsitte responded with the statement on his Facebook page on Tuesday.

The transportation and finance ministries do collaborate under the proposed plan to buy up concessions from private companies before hiring them to run the services until the original agreement terms are up.

Mr. Suriya previously stated that the government wanted to implement a 20-baht cover on all Greater Bangkok rail lines by March 2026. The State Railway of Thailand and the Mass Rapid Transit Authority ( MRT ) are currently the only companies that pay the 20-baht price cap, currently only for the Purple and Red lines.

Tickets on the two most widely used mass-transit devices vary by range, ranging from 17 to 43 baht on another MRT roads and 15 to 62 ringgit on the BTS Skytrain program.

Mr. Samart remarked that the purchase of up rail concessions is not a recent concept. Five years after the Skytrain’s opening, the government considered repurchasing Bangkok Transit System Plc ( BTS )’s first concession in early 2004 in order to keep fares at 15 baht.

However, the plan not moved forward despite there only being one range in operation at the time: the Green Line comprising the Mor Chit-On Nut and National Stadium-Saphan Taksin areas.

One way to reduce energy train prices is to “buy up the concessions,” Mr. Samart wrote on Twitter.

” Now, there are eight energy train ranges in service, covering a total length of 274 miles. Where will the funds be located? So the concept for finding the money came from the collection of fees in the business district, also known as a congestion charge or congestion pricing, in which case it was collected.

Singapore was the first state to introduce a congestion fee, called the Area Licensing Scheme, in 1975. At that time, the city-state did not have an electronic mass transit company, but it did include effective government cars.

There were concerns when the fresh service first launched because it had an impact on how people used exclusive vehicles. Yet, due to the strict enforcement of the program, everyone had to fall in line.

Police in Thailand is another issue, however.

Thailand has examined the application of traffic congestion cost measures numerous times, but it has never put them into practice. Now we will examine it once. But, I do have some concerns about the use of visitors congestion costs”, said Mr Samart.

Second, there must be electric carriages in the area where the congestion charges are to be collected, he said. He added that efficient public transportation that could get people to and from teach channels is also required.

Additionally, there must be a parking lot close to the location where the gridlock costs are collected. The government should decide whether the fees may be waived for local residents and businesspeople in the area, as well as other details like the time and date of the toll collection, the passenger counted in the vehicle, the collection method, and the particular penalties.

Lastly, Mr. Samart questioned whether the government would encourage businesses to invest in energy train services in the future and what would happen if the state were unable to recoup the concessions for the trains.

In a final point, he brought up the idea of the state relinquishing road concessions in order to lower toll costs.

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Alibaba’s listing upgrade the lift Hong Kong needs – Asia Times

On Wednesday ( August 28 ), Alaba Group Holding will complete its long-awaited transition from secondary status on the Hong Kong Stock Exchange to a primary listing. The walk might be just as significant for the area as the e-commerce giant itself.

Hong Kong Exchanges and Clearing Limited is about to end a fourth that was exhausting. Stock investing and initial public offerings restored the bourse’s reputation as a global economic hub, and the April-June time was its best on history. The globe’s fourth-largest stock market saw net profits surge 9 % to HK$ 3.16 billion ( US$ 405 million ), or HK$ 2.49 per share.

The decision by Alibaba may cause an extra backseat. Typically speaking, one firm seldom, if ever, makes or breaks an exchange. However, Alibaba’s size and significance for the island’s tech-economy tale could result in billions of dollars in new investments that will likely be filtered into the country’s wider Hong Kong market.

Alibaba can touch titanically large flows of coast money thanks to the transition to main listing in Hong Kong, which wraps up a two-year process. Alibaba’s stock today qualify to add Stock Connect, a system that connects Hong Kong’s change to areas in Shanghai and Shenzhen.

That will make buying Alibaba shares easier than ever for buyers in the island, opening the door to capital inflows of up to US$ 20 billion into the business over the next six weeks, according to estimates. And maybe boosting the general market’s mood.

According to Marvin Chen, an analyst with Bloomberg Intelligence,” We believe the addition of Alibaba to the Stock Connect may have a positive impact on the stock and may help regulate mood given that it is a family name among coast buyers.” He expects island assets of the stock to climb by double-digit ratios, broadening benefits in tech-sector shares.

Alibaba, of course, is even keeping its key listing in New York. This could be its own advantage. Hong Kong shares frequently react muted to gains made on the island. Alibaba’s hold in the US market could offer Hong Kong more inside if New York’s bulls work continues.

Though based in Hangzhou, China, the firm Jack Ma co-founded first listed on the New York Stock Exchange in 2014, raising nearly US$ 22 billion.

At the time, it was the largest US Investor always. Additionally, it established Xi Jinping’s Communist Party as a significant leader, making China a worthy target for international attention.

In 2019, Alibaba opened a secondary list in Hong Kong, raising an extra US$ 13 billion. Afterwards, in 2022, Alibaba’s table applied to transfer its Hong Kong stock to key status. Last month, shareholders eventually approved the pivot.

The prospect is as great as the chance are at play. In 2023, China’s biggest e-commerce person had one of the most turbulent times in its 25-year story. Even by the norms of 2020, the year the government of President Xi repressed internet usage.

In March 2023, Alibaba split into six units to adjust and concentrate its main businesses: home e-tailing, global e-commerce, cloud computing, native services, logistics, and media and entertainment.

At the time, the cash-cow home e-commerce class, which includes the Taobao market, aimed to be a wholly-owned system. The five people are run by various CEOs who each have the authority to pursue their own public ads.

The market is the best litmus test, according to former Alaba CEO Daniel Zhang, who remarked 17 times ago:” Every business team and company may pursue independent charity and Investments when they are available.

The enterprise was bigger than Alibaba, though. As Xi’s regulators attempt to mitigate risks and halt monopolistic tendencies among tech giants, China Inc. did a case study of sorts.

Given that Xi and Premier Li Qiang want private companies to be the ones who create the most jobs and boost a troubled economy, it’s quite a balancing act.

Ma’s Alibaba was an obvious place to start. It has long been a global representation of China’s tech goals and a symptom of Beijing’s tolerance for tech billionaires spreading their wings.

Nowhere did that tension come across more clearly than in October 2020. After Ma criticized China’s financial regulators for stifling innovation, authorities canceled a$ 35 billion IPO planned by Ma’s fintech unit Ant Group.

Alibaba’s efforts to remake itself remain a work in progress. Last year, the e-commerce titan disappointed investors as profits dropped and revenue growth was a weaker-than-expected 4 % in the second quarter.

The company’s performance highlights two significant issues that Zhang, who took over as CEO in September, and Chairman Joseph Tsai and CEO Eddie Wu have yet to resolve. One is intensifying competition from rivals such as JD.com, Temu-owner PDD Holdings and others.

” Competition will remain a key issue for Alibaba”, says Shawn Yang, an analyst at Arete Research. As Alibaba began testing a new advertising tool this past quarter, some investors may have high hopes for the increase in the company’s take rate. However, the results ‘ actual figures indicate that it may take longer for that effort to pay off.

The other is a lethargic Chinese economy that Team Xi has yet to revive, which is hampered by weak consumption and made worse by a cratering property sector. Chinese consumers deposited less money in the bank in July but also did n’t spend more. Some people assume that 2024 will be a bad year for economic growth.

” The year-on-year decrease in excess savings growth has not yet translated into increased consumption”, says Tommy Xie, head of Greater China research at OCBC Bank. This may be related to households shifting their deposits to wealth management products and paying off their loans early.

That deleveraging matters to Alibaba’s bottom line. Team Ma, after all, created an amalgam of Amazon, PayPal, eBay, travel agencies, brokerage services and real estate, thrusting his interests into virtually every sector imaginable to reach China’s 1 billion-plus internet users.

This arguably makes Alibaba’s quarterly performance a better gauge of China’s economic health than gross domestic product ( GDP ) reports. Nothing else would increase Alibaba’s stock more quickly than Xi’s reform team’s increase in consumer spending. &nbsp,

There is still a level of capital outflow pressure, according to Lynn Song, chief economist for Greater China at ING Bank, “weak growth is likely to lead to more PBOC easing.”

By the most general sense, China’s budget expenditures are shrinking at a time when local government land sales are declining at a rate unprecedented. Many economists believe that this will put more pressure on Xi and Li to take bolder steps to stabilize China’s US$ 17 trillion economy.

The Third Plenum extravaganza’s policies, as anticipated, will prioritize boosting consumer spending. So far, such moves have been in short supply.

Zhang Ming, an economist, recommends that Beijing should increase investment and promote consumer spending by double or triple the value of this year’s special sovereign bonds, reaching 3 trillion yuan ( US$ 420 billion ).

According to Zhang, deputy director of the Institute of Finance &amp, Banking at the Chinese Academy of Social Sciences, a government think tank, “if we adhere to the central budget deficit level of 3 % no matter what it takes, fiscal spending will inevitably contract and become pro-cyclical.”

Upright Asset Management’s chairman, Chenjie Liu, points out that “raising the fiscal deficit ratio is an appropriate and effective policy tool.”

Economist Lisheng Wang of Goldman Sachs adds that” we see significant downward pressure for fiscal funding this year from falling tax and land sales revenue, besides the multi-year” deleveraging by state-owned companies known as local government financing vehicles, or LGFVs.” The hope is to reduce China’s exposure to off-balance-sheet debt risks.

If China’s 5 % growth goal is met, it will significantly ease Alibaba’s path to 2025 and entice more investors to buy Alibaba shares.

As of now, analyst Laura Wang at Morgan Stanley says” we expect some inflows but not major”, at about US$ 12 billion in the first six months after inclusion, or about 7 % of Alibaba’s total outstanding shares.

The positive news is that Alibaba’s significant investment in cloud computing has succeeded. The business experienced a modest 5.9 % growth as a result of CEO Wu’s strategic change in cloud computing and artificial intelligence. That offset Alibaba’s main platforms Taobao and Tmall, which saw a 1 % decline in revenue.

Any progress Beijing makes in accelerating economic growth would be greatly benefited by Alibaba’s unique position on the frontlines of China’s GDP zigs and zags, but it would have a big impact on its appeal among international investors. Perhaps even for Hong Kong’s appeal, too.

Follow William Pesek on X at @WilliamPesek

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Arrests and fines in fallout from China’s cooking oil scandal

35.91 tonnes of cooking oil, of which 11 kilograms were used to produce animal feed, were on the first vehicle. The remainder had been sealed to prevent more use and had not yet been sold.

The second vehicle was carrying 31.86 kilograms, of which 29.38 kilograms had been packaged and sold, largely to the city of Ordos in the northern autonomous region of Interior Mongolia. 7.78 tons of which had already been used but not yet sold. It had since been recalled and sealed.

Three more people were imprisoned for allegedly issuing a fake ticket for a truck’s cleaning.

Additionally, the team reported that a third company, the registered owner of one of the tankers, was fined nearly 2 million yuan ( US$ 281,000 ), while two other transportation companies received the removal of their operating licenses and more than 1.5 million yuan ( US$ 210, 000 ). Authorities were urged to keep an eye on the three businesses.

The Sinograin company was fined 2.86 million rmb, while Hopefull was fined 2.51 million yuan.

One organization that bought the crude carried in the ships was fined 300, 000 renminbi and another was fined 260, 000 yuan.

Anti-corruption organizations may be involved in additional investigations, according to the research team, and local authorities were held accountable.

The food health staff said that, apart from the two vehicles mentioned in media reports, they “did not get any related problems” in their global exploration.

The group vowed “zero compassion” for such situations and that it would continue to supervise the transportation of cooking oil.

A remark in People’s Daily, a Communist Party spokesperson, stated that the research reflected Beijing’s “highly responsible approach to meal safety and its high-pressure position of continuing to bite down on legal and illegal acts involving food immediately after the findings were released on Sunday.

Many cooking oil companies announced last month that they had conducted an internal investigation and had not encountered any issues with their products or transportation.

The transportation of cooking fuel has been covered in Chinese internet for a number of years. In 2005 and 2015, press reports highlighted related procedures.

Some blogs discovered last month that a Chinese online tool that tracks vehicle movements might reveal whether or not trucks are being used to carry both cooking oil and fuel.

The app, which is mainly for shipping companies, stopped sharing info after a wave in visitors.

This content was first published on SCMP.

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Adopting the gig life: Why temporary work can be a blessing for both employees and employers

TEMPORARY WORKS Curiosity

According to employment companies, temporary employment like Ms. Seah’s has grown in popularity with both employers and employees. &nbsp,

They claimed hiring many temporary workers to handle projects was more affordable than trying to replace someone with an extended leave of absence.

The companies added that companies may consider offering a mix of freelance work, momentary tasks, and short-term deals. &nbsp,

According to associate director Tania Mustafa, the number of temporary jobs in Singapore increased by about 60 % this year.

Businesses are now more willing to have contract and temporary employees fill these project-based specialized jobs because they want to take advantage of having more efficient business solutions for skill parallelism, she said. &nbsp,

She continued, noting that this year’s number of applicants for these positions doubled in comparison to next season.

” Many more experienced people today choose to work in contract or temporary positions because it gives them greater flexibility in how long they work.” They also have the opportunity to “learn a new talent in line with their career and personal desires.” said Ms Tania. &nbsp,

This can be a great gate for them if they want to change careers or work in a diverse field or profession.

According to Mr. David Blasco, country director at Randstad Singapore, most employees choose to work for the sake of stability, but temporary employment may appeal to those at a point in their careers who do n’t want to put in too much effort.

They might have a work-life balance, or perhaps they are studying and need a temporary job to support a particular time difference. Those ( people ) are probably more inclined towards temporary positions”, he said. &nbsp,

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AUKUS submarine deal exposed as monumental folly – Asia Times

Coastal metaphors are attractive, I’m afraid, when talking about Australia’s apparently endless underwater story. But as investigative journalist Andrew Fowler makes clear in” Nuked: The Submarine Fiasco that Sank Australia’s Sovereignty”, his excellent and excoriating analysis of the genesis of the AUKUS pact, there is n’t much room for levity otherwise.

People who doubts the correctness of former Labor giants like Paul Keating and Gareth Evans, who have argued that AUKUS is” the worst deal in all history,” should read this book.

The plan for Australia to acquire eight nuclear-powered submarines, built locally in partnership with the United States and the United Kingdom, is projected to cost up to A$ 368 billion ( US$ 249.4 billion ). However, it is not just the AUKUS project’s price that is stunning.

While some people may sigh in shame, Scott Morrison is the main designer of this gigantic folly. His reputation will be rightly diminished by the revelations made in Fowler’s meticulous analysis.

The terrible value of political authority in this country, especially on the conservative side of politics, is one issue the reserve does not address in depth.

Whatever the causes were, the end result was that

A Christian conservative past tourism marketing manager with no prior experience in corporate or foreign affairs, who was the hatcher of the huge shift in Australia’s international policy alignment, created a great gift for secrecy and deception.

The issue was the decision to renounce an agreement that sought to purchase much less expensive, probably much more appropriate, and product submarines from France in an effort to “weld Australia’s military to the United States.” In the end, it is difficult to feel how misled the French were or how foolish the switch’s justification was.

In Fowler’s see, buying the European boats would have been a “remarkable success”. It would have given Australia “more freedom and a more significant position in the world.”

It may take a different book to properly explain American policymakers ‘ reluctance to pursue strategic and foreign policy democracy. But what evidently emerges from Fowler’s consideration is how careless and self-serving Australia’s method to national surveillance became under Morrison. The death of the American people, not to mention the eternally addressed “national interest”, was of less issue than short-term social advantage.

” The fact that the increasing US military presence in the Indo-Pacific could bring Australia into a conflict”, writes Fowler,” seemed of little effect in Morrison’s want to hammer Labor on federal security”.

Of course, being painted as “weak” on security, and the US empire in particular, was the stuff of hallucinations for the Australian Labor Party. It still is.

In response, the ALP’s administration has gone to extraordinary lengths to persuade voters, as well as its own growing ranks and record, that they are equally committed to national security and that the AUKUS agreement is the best way to achieve this.

High costs, major challenges

One might have hoped that the Albanese authorities could have at least conducted a flimsy cost-benefit research given that AUKUS was the founder of a disgruntled conservative prime minister who, according to Fowler, “believed he was on a holy goal.”

After all, AUKUS is the largest single military purchase the nation has ever made. Recent defense acquisitions have come under fire for massive cost blowouts and failed to operate or arrive as planned.

But the Labor Party has not only walked into Morrison’s trap, it has willingly, even enthusiastically, “embraced a decision taken after a deeply flawed process”. Even more consequentially, as Fowler points out,” with the major parties in lockstep on AUKUS, the most complex and expensive spend in Australian military history would never be publicly investigated”.

At the very least, this is an astounding failure of good governance and accountability. Perhaps even more remarkably, it also demonstrates a singular lack of political judgement, driven by short-term political concerns rather than long-term strategic interests.

” Labor lost the one chance it had to be self-assured and courageous, and it prioritized the country’s interests over its justifiable desire to have a government,” claims Fowler. The fear that compelled the ALP leadership to embrace AUKUS without even a second thought will be with them for many years.

Serves them right. Voters, especially those of the younger generation, may be depressed about their futures when there is little discernible difference between the major political parties regarding issues of profound national significance.

Even if the fragile, unpredictable, and polarized nature of US politics is left out, it is not incontrovertible to say that the US alliance has some potential flaws and significant costs. Fighting in conflicts that have no clear strategic relevance for Australia is not the least of them.

AUKUS will further complicate Australia’s relationship with China, our major trading partner. However, there are additional significant risks. This not just because, as Opposition Leader Peter Dutton says, it is “inconceivable” that we would not fight alongside the US in any conflict with China over Taiwan.

If the Naval Base at Garden Island, off the coast of Fremantle, is not already a nuclear target, it will undoubtedly be once US and UK nuclear-powered submarines start operating there regularly. It is a mystery that has n’t been solved whether my neighbors realize they stand a chance of being taken advantage of as part of our commitment to the alliance and a “great nation-building project.”

Local politicians, universities and defense representatives certainly recognize the short-term benefits that may flow from new investment. However, as a result of this, there is likely to be next to no informed discussion about the AUKUS pact, much less any opposition, no matter what the ultimate costs might be for a country that ca n’t even provide adequate housing for its own citizens. The least notable aspect of the sorry submarine saga is perhaps the lack of discussion, to say outrage, about the sheer cost of the AUKUS project.

And that is before we get to the growing doubts about the reliability, deliverability or strategic relevance of nuclear-powered submarines. Perhaps people find technical discussions stupefyingly dull or incomprehensible.

Perhaps they do n’t realize that if we spend all that money on submarines, not only will our ability to act independently be significantly eroded, as Keating and Malcolm Turnbull have claimed, but we wo n’t be able to spend the money on more immediate and tangible threats, like fixing our rapidly degrading natural environment, for example.

I am not convinced Australia needs to buy any submarines. This will no doubt strike those in Canberra’s strategic bubble as heretical, ill-informed and irresponsible. However, it is worth noting that the Collins class submarines, which were out of service for four years, did not appear to have had a negative impact on our overall security.

Even Hugh White, a widely respected expert on these subjects, has questioned the viability of AUKUS. According to White, “long delays and cost overruns are certain.” Outright failure is a real possibility”.

Drunken sailors

Fowler has written a lot of pages for a book on strategic policy.

His account occasionally makes people laugh, especially when they are confused about how the Morrison government and its group of carefully chosen, like-minded advisors, many of whom are government employees who are likely to get paid for their services, act.

Through the revolving door between government and business, many former Morrison ministers and Morrison themselves have taken lucrative positions in the defense sector. Who would have thought?

It is worthwhile to read Nuked to fully understand how Fowler comes to his damning conclusion:

the level of incompetence in the government of Australia was breathtaking, as were the repercussions. The United States would be calling every last word regarding the types of submarines that would be sold to Australia, how old they would be, how many there would be, when they would be delivered, and even if they would be sold at all.

Washington’s behavior in its own best interests was anticipated. The possibility that Morrison truly believed that what was best for America and Australia was the best was extraordinary. Just as extraordinary is the fact that the Labor Party, perhaps fearful of history, embraced the deal that made Australia so vulnerable, undermining its independence and sovereignty.

Another nautical metaphor for spending like drunk sailors comes to mind. If the country’s political leaders were n’t using our money or had other goals besides gaining quick political advantage or avoiding being wedged, it would n’t be as galling.

The good news, perhaps, is that it is difficult to imagine the nuclear-powered submarines will ever arrive. The bad news is that in the interim, we will still have to pay the Americans and the British to help them maintain their overburdened and underperforming shipyards. With friends like these, who needs to make new enemies?

It beggars belief that a nation with unmatched geographical advantages and no obvious enemies would consider it wise to invest A$ 368 billion in offensive military capabilities, which may or may not work or be delivered.

Nuked explains how this circumstance developed. However, we might have to ask psychologists why our political leaders have made us into what diplomat Alan Renouf famously called a “frightened country” and allowed such absurdities to flourish.

University of Technology Sydney adjunct professor Mark Beeson.

The Conversation has republished this article under a Creative Commons license. Read the original article.

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China’s influence over Iran limited by teapot refineries – Asia Times

The Houthis, supported by Iran, are putting more pressure on ships as they attack the Bab al-Mandab islands at the edge of the Arabian Peninsula, which is causing significant disruption to international trade. All eyes are on China, which is portraying itself as the negotiator of the Middle East. It is anticipated that Iran will be under stress to control its surrogate in Yemen.

According to some, Beijing may have a lot of influence over Tehran because it is Iran’s largest trading partner, accounts for a fourth of Egyptian industry, and is one of the few nations to continue purchasing Iranian fuel despite American restrictions.

Prior to the Red Sea issue, a third of global maritime industry, and 40 % of trade between Europe and Asia passed through the Bab al-Mandab Islands. Foreign trade has suffered a strike, despite the crisis leaving Chinese shipping unaffected. Company representatives in Shanghai complained that the Cape of Good Hope is required to divert goods from Europe, which would add costs and day.

However, due to the difficulty in discerning send possession, with most boats registered in the Bahamas, Bermuda, Panama and various places, it is only a matter of time before a Chinese-owned fleet or a ship carrying Foreign sailors is hit.

With a lot to gain and little to acquire, China has repeatedly attempted to put an end to the issue. Iranian officials claimed that if the Houthis do n’t repress and Chinese interests are endangered, Sino-Iranian trade will suffer.

But, Beijing’s instructions to Tehran fall on deaf ears, and the Houthis continue to wreak havoc in the Bab al-Mandab Strait.

the difficulty in controlling the “dark ships”

Tehran ignores Beijing’s reminder because it is meaningless.

Much of Iranian oil is sold to private Chinese “teapot” refineries – referred to as such because of their small scale compared with the large refineries owned by state-owned enterprises ( SOEs ).

Teapots account for 90 % of Iran’s total oil exports, despite their modest status. Chinese SOEs stopped purchasing Iranian oil out of fear of American extraterritorial jurisdiction in 2018, after the US withdrew from the Joint Comprehensive Plan of Action (JCPOA ) and launched the “maximum pressure campaign” against Iran. But, vases are undeterred.

There are several causes of this:

Second, the reimposition of sanctions against Iran came at the same time as the start of the Sino-American business conflict. In the same year, management of Shandong Dongming Petrochemical Group – the state’s largest mug – stated that, as China imposed tariffs on American fuel in a display of tit-for-tat, the business was ending order of British oil, which would be replaced by Iranian oil instead.

Next, “high risk means higher profit.” Iranian crude was once 13 times less expensive than the regular price on the market.

Third, some of the smaller vases do not do business with any other nation beside Iran, and they pay Iran in renminbi instead of US cash, thus granting them immunity from British extrajudicial control. Chinese SOEs, which do not benefit from this breadth, are unable to afford to do business with Iran lest they run the risk of losing their investments in other parts of the world.

Beijing would have much easier times deciding to stop purchasing Iranian oil if state-owned refineries had been doing so. Teapots working with Iran to smuggle Iranian oil into China make it difficult for Beijing to carry out regulation – not to mention that Beijing is reluctant to exert too much pressure on Tehran, fearing it would damage Sino-Iranian relations.

Iran discovered that fighting asymmetric warfare is the only way it can overcome the difference in weight class when it is squared off against the vastly superior American-Israeli alliance. Thus, urging Tehran to establish its position as the” axis of resistance” would effectively disarm Iran. It would cast doubt in Tehran on whether Beijing is really as neutral as it claims.

Teapots ‘ purchase of Iranian oil is difficult to regulate. Iranian oil is carried by an Iranian ship that enters the Persian Gulf or travels to the Strait of Malacca, where it turns its automatic identification system off and lowers its national flag. This allows the Iranian ship to stop broadcasting its location and identity.

Under the cover of darkness, Iranian ships can literally and figuratively hide in the dark and help Iran obfuscate the source of its oil while Omani, Malaysian, or Indonesian ships are waiting at the predetermined destination.

These nations knowingly ignore the world for a few reasons:

  • Being a middleman in this field is a lucrative business.
  • htey are sympathetic to Iran, a neighboring Muslim nation.
  • They are unsatisfied with American extraterritorial authority.

In February of this year, an Omani citizen by the name of Mahmood Rashid Amur Al Habsi and a Chinese citizen by the name of Wang Shaoyun were indicted by the US for violating American sanctions.

The US claims that Al Habsi used a$ 16 million loan from American financial institutions to buy an oil tanker later known as M/T Oman Pride. The ship used ship-to-ship transfer, which obfuscated the oil’s origin with the aid of deceptive documents, to transfer Iranian oil to third-party ships.

The oil was then sold to Chinese refineries. US dollars were used to pay the Iranians. Before being transferred to an Iranian front company, the money was washed through several shell companies. Over$ 100 million worth of Iranian oil was sold this way before the US caught wind of it.

Iranian-based organization United Against Nuclear Iran reported earlier this year that a ship transferred Iranian oil from another ship off Kharg Island, Iran, to a ship-to-ship transfer before sending it to Sohar, Oman.

The author is aware that this is not an isolated case because she has lived in Oman for a long time and has connections to the country’s oil industry. Hundreds of millions of US dollars ‘ worth of Iranian oil, passed off as Omani oil, have been shipped to Chinese refineries in Shandong province, as well as to Liaoning and Shanghai in recent years.

Oman has a reputation for acting as a mediator between hostile powers in the region and those with significant presence there, including Iran and Saudi Arabia and Iran and the US, despite never declaring itself to be neutral.

Oman can act in this way because it is on the positive side of all nations. In order to avoid bringing down the wrath of either Iran or the US, Oman resorted to feigning ignorance of its citizens conducting illicit trade with Iran, whether on a large or small scale.

An Omani enclave south of the Strait of Hormuz is known as Musandam Governorate. Because of its isolation, Muscat frequently overlooks the governorate when it comes to economic development.

In order to stave off poverty, the local populace resorts to smuggling. Smugglers traverse the strait with speedboats, or” shooties” as they are known locally, carrying everything from clothing to electronics.

A 2011 report from Mehr News Agency revealed that Iran receives approximately$ 5 billion worth of goods annually. A member of the Royal Omani Police’s Coast Guard, quoted on the condition of anonymity, said they are told by decisionmakers to turn a blind eye to the smuggling.

Iranian oil disguised as Malaysian oil surpasses Malaysia’s own crude oil production, so much so that it positions it as the fourth-largest oil exporter to China, behind Russia, Saudi Arabia, and Iraq. US Treasury Department representatives arrived in Kuala Lumpur in May of this year to talk with Malaysian counterparts about how to stop Iran from evading sanctions.

Malaysian Communication Minister Fahmi Fadzil responded that while Malaysia is willing to comply with UN sanctions, Malaysia will not follow in the footsteps of the United States ‘ unilaterally imposed sanctions.

Iranian oil is mistaken for Omani, Malaysian, and Indonesian oil, among other names after entering China.

China’s empty promise

Officials at the Iranian embassy in China have repeatedly complained to this author that despite Tehran’s having signed onto the Belt and Road Initiative and, in 2o21, the China-Iran 25-year Cooperation Program, Chinese investment in Iran has been minimal.

China has only made a small portion of the$ 400 billion pledged. The National Development and Reform Commission ( NDRC ), the Ministry of Foreign Affairs, and other departments have received numerous complaints from Iranian embassy officials without success.

Indeed, whereas China last year received$ 64.3 billion worth of imports from Saudi Arabia, and$ 5.24 billion worth from Israel, China imported only$ 4.6 billion worth. Although it is undoubtedly true that China has severely underinvested in Iran, many of its imports from Iran are still unaccounted for.

Following Washington’s withdrawal from JCPOA, China canceled one of the two investment agreements that China had signed with Iran in the previous ten years. There are several reasons for China’s weak record of investing in Iran:

First, in response to President Akbar Hashemi Rafsanjani’s encouragement, Iran’s Islamic Revolutionary Guard Corps ( IRGC ) began to” contribute to the country’s reconstruction” in the wake of the Iran-Iraq War.

Since that time, IRGC has built a business empire. Both President Mohammad Khatami and President Hassan Rouhani tried to stop the IRGC’s encroachment on key economic sectors to no avail. Currently, there are IRGC-affiliated businesses operating in every economic sector, from construction to telecommunication.

This led to widespread corruption, crony capitalism, and nepotism. Foreign investors are expected to bribe government officials for their services, and may have their licenses revoked or lose their contracts, only for them to be awarded to IRGC affiliated companies.

Chinese businesses have frequently complained that foreign investors are being prejudiced by Iran’s business environment. Numerous Chinese companies have chosen to remain anonymous, and their intention is to avoid doing business with Iran as a result of the corrupt business environment.

It is unlikely that the situation will improve anytime soon. The IRGC, which is Iran’s most elite military unit, has a monopoly over Iranian export and import, only answering to the supreme leader and enraging over 80 % of the country’s economy along with the Quds Force. Any politician would have to pause before proposing reform because the IRGC has effectively taken over as the “kingmaker” in Iranian politics.

Second, the study of national character – the belief people belonging to a nation are predisposed to behave in a certain way, a concept that has been debunked as stereotype and largely abandoned in Western academia, remains popular in China. It is crucial to General Secretary Xi Jinping’s plan to achieve” the great rejuvenation of the Chinese nation.”

For instance, a statement made by Southern Daily, the official newspaper of the Communist Party of China’s Guangdong Province, compares Chinese national character to that of the West, saying that” cultures of the orient are introverted, while cultures of the occident are extroverted” ( p. 2 ).

According to Chinese scholars, Iranian’s national character is grounded in contradiction. Iran lost to colonialism and imperialism while the successes of the subsequent Persian Empire gave its heirs, the Iranians, a sense of national pride. In recent years, Iran’s isolation from the international community gave them the mentality of victimhood. Thus, Iranians are both proud and insecure.

Iranians ‘ contradictory national character demonstrates that, despite suffering from a myriad of exogenous and endogenous issues, Iran still refuses to compromise, according to Chinese scholars. This is an alien idea in a nation like Iran, which frequently overlooks long-term interests in favor of short-term interests.

Recently, under orders from Tehran, Iranian companies manually hiked up the price of oil sold to China. Iranian oil was sold to China in previous years for$ 10, which was 13 less than the Brent Crude benchmark. The discount is currently only$ 4.50 to$ 6.50.

A representative from a teapot doing business in Shandong province complained that” the new price is too high” and said the Chinese “have been working day and night to lower the price, but Iranians have been very tough, and there is little room for negotiation“.

Iranians were unable to comprehend that Russia is not sanctioned in the same way that Iran is, according to a representative from another teapot, saying that” Iran wants China to purchase Iranian oil at the same price as Russia does, which is$ 1 less than the market average.”

In other words, Iran does not comprehend that Chinese refineries will only accept the risk of purchasing Iranian oil if the price is affordably low. Iran’s Energy Press News Agency even goes so far as to describe the decision to raise the price of oil as a “wise move“.

Third, Chinese goods have a bad reputation in Iran because of it. You get what you pay for, the idiom goes. There are both high-quality, expensive goods, and low-quality, cheap goods made in China.

However, rising inflation and declining income in recent years have made Iranians increasingly unable to purchase expensive, high-quality goods. In Iran, as a result, Chinese goods have come to be associated with poor quality.

Chinese companies complain that they have to contend with Iranian skepticism of China’s high-quality, expensive goods. The Iranian people view them as being excessively expensive. Iranians also turn their backs on cheap, low-quality Chinese goods, only purchasing them when they are absolutely necessary.

With few sticks and even fewer carrots in the toolkit, there is very little Beijing can do. Tehran, which has endured decades of sanctions, is unlikely to buckle under Chinese pressure, even if Beijing puts more pressure on Tehran. The phrase “neither east nor west” from the revolutionary era still applies today.

Iran’s” Look to the East” policy does not mean replacing American hegemony with Chinese hegemony. Should Beijing ever choose to put too much pressure on Tehran, it could quickly backfire because Beijing has so little to offer.

Yang Xiaotong works as an assistant researcher for the Beijing-based think tank SIGNAL Group. This article is republished with permission. The original can be read here.

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US military planning shifts from terrorism to fighting China, Russia – Asia Times

The recent approval of a significant change in the US nuclear weapons approach by President Joe Biden highlights how focused are China’s national security officials on their international ambitions.

The US military adjusts its proper emphasis, budgets, and planning as changes in the types of threats that the US faces. For example, after September 11, the US military switched from its Cold War focus on combating the Soviet Union to combat little terrorist and rebel groups.

Over the past century, the Pentagon’s initiatives have shifted back to preparing for what officials call “great energy competition” among the United States, Russia and China.

Concentration on deterrent is the most crucial strategic change that can be seen in strategy for great strength competition. Deterrence is the key to deterrence in traditional martial strategy because it focuses on making an adversary believe it can never achieve its objectives by using military force because the response may be crucial and overwhelming.

The report that sets out the world’s goals, objectives, and asset allocation for the next two decades, the National Defense Strategy, which was released in October 2022, directly acknowledges the possibility of tensions and open conflicts with Russia and China, and calls for “integrated deterrence” to stop them. That entails coordinated attempts from the government, intelligence, and political departments throughout the US government.

The US military forces ‘ contribution to that energy is described in the National Military Strategy, which is the military branch of the overarching National Defense Strategy. As a past assistant secretary of defense and chief of staff for the Pentagon, I observe that the government is focusing on three primary objectives to achieve integrated punishment and stop a conflict with China or Russia.

New operating programs

Integral punishment for the military means that the armed forces will depend on where their troops are located as well as what they can do once they are in action to influence their opponents ‘ decisions regarding when, where, how, and whether to use military power against the US or its interests.

The Defense Department has developed innovative strategies in response to the shift from terrorism toward planning for a great energy conflict by acknowledging that Russia and China may struggle anywhere in the world, on property, and at sea, as well as online and in place.

The Pentagon refers to “dynamic power employment,” which involves US military forces moving quickly and without set rotational intervals. This strategy can reassure friends who are facing challenges from China or Russia.

For instance, the US has, at times, deployed as many as 10, 000 soldiers to Poland. Although the troops are not completely stationed there, a constant presence of US troops keeps Russia guessing as to how big and powerful the army is and demonstrates a commitment to supporting anxious NATO allies in Eastern Europe.

Second is a change of personnel and capabilities to what is called “multi-domain operations“, in which units with various missions across heat, land, sea, area and cyberspace plan and train up. In that manner, they can be prepared to collaborate effectively in problems.

The state can respond to challenges in a variety of ways thanks to this level of cooperation. For instance, challenges to the US Navy on the high seas do n’t need to be directly met with corresponding naval action; instead, they can be resolved with cyberattacks or space-based maneuvers.

This strategy may prompt the Taiwanese People’s Liberation Army to reconsider launching military activities against Taiwan. US digital and space operations may destroy or destroy Chinese military communications, preventing their attack, along with the possibility of a furious strong conflict between the Chinese and US.

Investments in industrialization

Recent research has revealed that China’s opportunities in its military officers and features, especially those in the air, marine, and nuclear forces, have increased exponentially over the past 20 years, to an extent that is thought to be close to par with the United States.

This has prompted the US to upgrade its own government’s related skills. For the 2024 resources, the Department of Defense allocated a staggering US$ 234.9 billion for applications to assist integrated punishment, which likely represents a 10 % increase over previous investing strategies.

Some of this money will go to developing and acquiring F-35 fighter jets and building Columbia-class, nuclear-powered submarines. When the US and its allies in the Pacific region, such as Japan, South Korea and Australia, deploy these planes and submarines, they will remind potential adversaries of American military power – which is itself a deterrent against foreign aggression.

Senior US policymakers have been alarmed by China’s rapid expansion of its nuclear weapons supply over the past ten years. Although Barack Obama, the then-President, pushed nations to create a world without nuclear weapons, he approved the most expensive and significant upgrade to the US nuclear arsenal to date.

In 2022, the Biden administration renewed a financial commitment to “field a modern, resilient nuclear triad” consisting of intercontinental ballistic missiles, submarine-launched missiles and long-range nuclear bombers.

Advancing technology

The Space Force was established as a distinct branch of the armed forces in 2019 and has the responsibility to protect American space-based assets and uphold international law.

The Space Force collaborates closely with Cyber Command, the military branch responsible for defending the country against cyberattacks, to stop malicious hackers from hacking into global positioning systems, such as the Global Positioning System, widely known as GPS, because of the significance of satellite communications to military operations and civilian life, including internet connectivity.

Recent information suggests that China intends to attack US critical infrastructure, including the electric grid, during any conflict with China. Cyber Command is advancing its capabilities to protect US systems and businesses from cyberattacks as well as to launch attacks against systems in other nations in response to those plans.

Through a program called the Replicator Initiative, the Pentagon also tries to counterbalance China’s rapidly expanding military. According to Deputy Secretary of Defense Kathleen Hicks, the effort aims to create thousands of low-cost, AI-directed autonomous aircraft and boats that can be used in combat.

Integration with allies and partners

Over the past four years of the Biden administration, the US military has also made efforts to strengthen alliances with other nations.

NATO’s membership and the number and strength of troops at its disposal were both increased as a result of Russia’s 2022 invasion of Ukraine. By investing nearly$ 3 billion in funding for additional fighter aircraft, air-defense batteries, and munitions, the US has strengthened its commitment to NATO, increasing troop deployments in Eastern Europe, and supporting European defense initiatives.

The US has strengthened alliances with Japan, South Korea, and the Philippines in Asia, both close to the Indian Ocean and across the Pacific Ocean, a vast region that the government frequently refers to as” the Indo-Pacific,” by holding numerous military exercises and increasing military support. Chinese military and political influence is being fought with strategies like the yearly Marine Aviation Support exercise.

By 2030, the US has pledged to sell up to five conventionally armed, nuclear-powered submarines to the Australian Navy as a means of strengthening its ties with the UK and Australia.

The US has put all of these efforts into a single plan to avoid a public conflict with China and Russia. But the work is not yet done: The global political and military landscape is ever-changing, and new security challenges are always emerging.

At Harvard Kennedy School, Eric Rosenbach is a senior lecturer on public policy. Grace Jones, a master’s student in public policy and research assistant at the Harvard Kennedy School of Government, contributed research to this article.

The Conversation has republished this article under a Creative Commons license. Read the original article.

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Chinese campaign blames US for Dhaka regime change – Asia Times

Chinese critics accuse the US government of starting the” color revolution” that started in Bangladesh in July when students took to the streets of the South Asian nation.

Chinese experts criticised the US government for sponsoring activists in Bangladesh for many years without providing any concrete proof for the particular fee. According to them, this philosophy has led to harsh protests in the nation.

They even asserted that the US is putting more effort into destabilizing the Belt and Road nations.

Their comments echoed a recently-published report from the Chinese Ministry of Foreign Affairs that criticized the US National Endowment for Democracy ( NED ) for instigating” color revolutions” in different places including Arabic countries, Hong Kong, Taiwan, Xinjiang and Tibet. &nbsp,

The battle by the Chinese media was scheduled for Tuesday and Thursday before US National Security Advisor Jake Sullivan’s attend to Beijing. During his meeting with Chinese Foreign Minister Wang Yi, Sullivan is anticipated to bring up the issue of China’s support of the Soviet security market. This is the first time a US national security advisor has visited since 2016 does so. &nbsp,

Prior to this, the US Commerce Department’s Bureau of Industry and Security ( BIS ) added more than 400 companies and individuals, including 42 Chinese firms, to its Entity List on August 23 and accused them of supplying electronic parts to Moscow.

The” Bangladesh syndrome”

Shi Panqi, a journalist at Guancha.cn, on August 21 published a remark with the subject” Will the Bangladesh illness spread across the Belt and Road nations”? saying that the US had played a vital part in the regime change, which Shi termed a” color revolution”, in Bangladesh. &nbsp,

He said the Bangladesh symptoms was caused by an imbalance of political power among the community members of the country’s leader, the opposition group, the defense, the public and external causes. He warned that for a disorder may be spread to Afghanistan, Pakistan, Sri Lanka and Nepal.

” The long-term interference of external causes is an important reason for the social upheaval in Bangladesh”, Shi said in his content. Bangladesh must pay the price for its heightened geostrategic worth.

The United States ‘ role in this transition is unmistakable, he wrote, while” What is happening in Bangladesh is a classic example of’a color revolution’. The US and India are unquestionably the most powerful physical forces and the most eager to use their effect in Bangladesh.

Without providing more information, Shi cited the remarks of the Russian Foreign Ministry spokeswoman Maria Zakharova as “evidence” of the United States ‘ involvement in a” color trend” in Bangladesh. &nbsp,

Shi claimed that the US would launch a” color revolution” in Bangladesh if the benefits of the Bangladesh legislative election on January 7, 2024 were in conflict with American demands. She added that the US had attacked the Hasina leadership for its intellectual support. &nbsp,

China’s pursuits in South Asia

In January this month, Bangladesh’s prime minister, Sheikh Hasina, renewed her word after her Awami League won an overall majority in the legislature in local elections. But in July, Bangladeshi pupils and staff held weeks of protests against the Hasina management, which had been in power for about 15 times. &nbsp,

The demonstrations and the government’s assault apparently led to the deaths of 300 persons, the wounds of thousands of people and the detention of around 10, 000 people.

On August 5, Hasina fled the country and resigned. On August 8, Muhammad Yunus, a 2006 Nobel Peace Prize winner, took command as deputy assistant of Bangladesh’s time state. &nbsp,

In an article published last month, Wang Jin, an associate professor and the associate director of the Institute of Middle East Research, Northwest University of China, claimed that a” color trend” broke out in Bangladesh after media reports claimed the nation was looking to use US$ 5 billion to replenish its foreign reserves. &nbsp,

Wang remarked that Hasina had a long-standing, positive relation with China. He claimed that Hasina and Chinese officials signed 20 assistance contracts in Beijing in early July. &nbsp,

Wang claimed that the US did not want to see Bangladesh and China’s political and economic ties grow. He claimed that the US wanted to” color revolution” the Hasina authorities to gain access to proper ships in Bangladesh. Beyond those common problems, Wang did not elaborate on what the US had done in the country.

The government made the decision to convert the Matarbari Port into a deep-sea harbor in 2018, which will be finished by January 2027. Chittagong and Montoya, both of the nation’s ports, were severely crowded and had thin drafts that made them unmanageable. &nbsp,

A Beijing-based critic said in an article published on August 11 that the departure of pro-Beijing Hasina was a win for the United States ‘” color trend” but that such a pattern might harm China’s 70%-owned offshore port project in Kyaukphyu, Myanmar. &nbsp,

The author claimed that the US is expanding its effect in South Asia, but that the Bay of Bengal’s strategic value is also expanding. ” If the US succeeds in supporting a pro-American government in Bangladesh, it may create military bases it, which may threaten China’s maritime transportation pathways”.

In order to resume work on the Kyaukphyu port, Myanmar’s military government and China’s CITIC Group signed an addendum to a concession agreement last December. Due to the pandemic and political unrest in Myanmar, the project had been postponed for 15 years. &nbsp,

criticizing the NED

In recent years, Beijing has repeatedly called out the US for promoting” color revolutions”, including the disintegration of the Soviet Union, the Rose Revolution in Georgia, the Orange Revolution in Ukraine and the Arab Spring.

The National Endowment for Democracy is a US government agency run by” white gloves” operators playing the role of “democracy crusaders,” according to a fact sheet released by the Chinese Foreign Ministry in May 2022, which has undercutted lawful governments and created pro-US puppet forces all over the world. Zhao Lijiang, a spokesperson of the foreign ministry, said the NED is actually the second CIA of the US. &nbsp,

The foreign ministry released a report titled” The NED: what it is and what it does” on August 9 of this year. The report said the NED is now cultivating pro-US forces in target countries, including Russia, Iran, Cuba and Mexico, manipulating elections in Serbia, Nigeria and the Philippines and infiltrating Europe. &nbsp,

The NED has stated on numerous occasions that its main objective is to support like-minded activists in developing new political movements in their home countries. &nbsp,

Read: Walz pragmatism among Chinese experts in the US trade war

Follow Jeff Pao on X: &nbsp, @jeffpao3

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Australian kids ‘see betting as part of sport’ – can banning ads help?

Getty Images A woman walks past a betting advertisementGetty Images

Sam was raised in a place where having a kick was associated with sports, like so many in Australia.

“‘Our buddies, our household had ask ‘Oh who are you betting on this year? ’ That was the ordinary conversation that occurred, ” his girlfriend Amy- who is not using her true name- says.

Looking up, she attributes her brother’s habit and the anguish he endured before he took his own life to the normalization of gambling, the way it spread into their homes and spread itself into social interactions.

“It really destroyed him physically and emotionally, ” she explains. “We tried whatever. We were a close relatives, but we certainly did n’t know how bad it was- it destroyed him. ”

One of the dozens of people who testified in a nonpartisan political inquiry into the effects of gambling in Australia, which wagers more per capita than any other nation, is Amy.

The probe found that there were “few safeguards ” to protect those battling addiction and recommended 31 reforms to avoid “grooming ” a new generation of children to gamble, starting with a three-year phased ban on advertising.

Then that polls indicate that the majority of people support the move, Prime Minister Anthony Albanese is under increasing pressure to work both within his party and on the outside.

However, the state has indicated that it may decide to place a cap on advertising. It has cited the importance of gambling advertising revenue in supporting the country’s struggling free-to-air commentators as well as instructions from wagering industry warning that a ban might send customers abroad.

According to the industry’s top body, doing so would result in significant income losses for Australian betting sites, which currently bank “vital services” ( the industry’s leading body ).

The discussion has sparked accusations that business objectives are preventing common-sense transformation.

It has also spotlighted the deep-rooted connections between game, playing, and pleasure in Australia.

Getty Images betting appsGetty Images

A betting bubble

Betting occupies a special place in American society.

It became the first nation to privatize its gambling market in the 1980s, allowing slot machines to become licensed bars and clubs after being only permitted inside casinos.

Now, Australia is home to around 0. 33 % of the country’s population, but a second of all “pokies”- the slang term used for the equipment.

In the last 20 years, there has also been a rise in the popularity of online gambling, mainly in sports. Estimates indicate that Australians are spending about A$ 25 billion ($ 16 ). 8bn; £12. 9bn ) on legal wagers each year- with 38 % of the population gambling weekly.

Experts argue that powerful promotion has aided that increase, while funding deals, partnerships, and kickbacks given to common sporting bodies, have helped legitimise the business

Getty Images A man plays a slot machine Getty Images

Sean- no his real title- has been gambling lawfully, and often intensely, for more than 18 years. He was introduced by a friend to sports betting as a student, and from there, items snowballed. Some days I could n’t sleep unless I knew what I was betting on. He told the BBC,” I was betting on activities I’d never seen in places I’d always heard of.”

He is now 36 and is looking for partners to assist him in what feels like a lifetime of losses, but he estimates A$ 2 million as the full.

He claims that if I had never gambled, I may be married with kids at the moment and that the relationship breakdowns and years of loneliness are more difficult to quantify.

One academic paper found that like Sean, 90% of Australian adults and roughly three-quarters of children aged eight to 16 years see betting as a “normal part of sport”. Advocates like Martin Thomas argue this is evidence that the practice “has seeped into every corner of society”.

He tells the BBC,” Our kids hear just as much about the odds on a sport and the multibets as their favorite people.”

In Amy’s watch, as well as making it harder for people of all ages to leave gambling, that normalisation has created a harmful subtext: that any negative impacts- quite as debt or addiction- are the fault of the individual, certainly the system.

“To come and enjoy a sporting event and see it saturated with betting marketing, you’re like, ‘ Oh, I’m the issue. Because anyone does this’, you know what I mean?

“That’s what my nephew thought. ”

Like some advocates, she wants to discover gambling reframed as a major public health issue rather than a fun pursuit, given surveys have shown that almost half of those engaging in the practice are at risk of, or already knowledge, its connected harms– such as economic hardship, family violence, depression, and suicide.

A prohibition on advertising might be the first step in achieving that goal, according to research. And advocates say there’s a well-trodden path the government could follow. Mr. Thomas points to Australia’s decision in 1992, which has been credited with significantly lowering smoking rates, as proof of what is possible.

But while Prime Minister Anthony Albanese has described the “saturation of gambling advertising” as “untenable”, he’s yet to commit to a course of action.

He has instead cited his government’s other initiatives when asked about, such as a ban on credit card use while placing online wagers and the creation of a register to prevent people from excluding themselves from betting sites. At times, he’s also framed gambling as an age-old problem.

“[ This ] has been an issue in our society I suspect, since man and woman walked, and had a bet on who could ride the horse the fastest or who could run from rock to rock, probably before there were buildings, ” he told parliament on Wednesday.

‘The house always wins’

A blanket ban, according to the leading body representing Australia’s wagering companies, is viewed as a “step too far” and supports the government’s proposed cap, which would restrict ads both online and during general TV programming.

By doing this, Responsible Wagering Australia’s CEO Kai Cantwell said in a statement that the community’s hopes of seeing less advertising would be met while also upholding the essential support for local broadcasters and sporting codes.

However, Dr. Andrew Hughes, a marketing lecturer at The Australian National University, has doubted how significant financial support is given that Nielsen data indicates that the majority of ad revenue is generated by other industries rather than betting platforms.

Additionally, independent senators have criticized the justification for using wagering money to boost the media, like David Pocock.

“Journalism is incredibly important, but it should n’t be dependent on flogging products we know are harmful, and which cause addiction, personal issues, family breakdowns, and in some cases, suicide, ” he told the BBC.

The government should have the capacity to consider other ways to close that void. ”

One of the senators who has publicly questioned whether betting companies and the industries they finance interfere with policy is that Mr. Pocock refers to their extensive lobbying efforts and history of large political donations.

Getty Images Anthony Albanese in parliamentGetty Images

He joined 20 political spectrum parliamentarians last week to sign an open letter calling for a free vote on the issue so that MPs in Mr. Albanese’s party can cross the floor without fear of repercussions.

A number of medical organizations have also endorsed a ban, as has an expert panel appointed by the government to examine how to lower domestic violence rates in Australia, adding to the mounting pressure Mr. Albanese is facing.

The government has already placed warnings on gambling advertisements to warn consumers about the dangers.

However, Sean claims that it does n’t do much to stop those who are addicted.

“ I know the house always wins, but every time I’m ready to have a punt that all goes out the window, ” he explains. I begin to believe that I will win everything in the end. That win that ’s going to get everything back. ”

Although nothing has been finalised and Mr Albanese’s cabinet is still weighing its options, for Amy, the debate itself has become too “insensitive” to follow.

She can’t comprehend what the hold-up is and wants answers.

Anyone who understands this subject would undoubtedly consent to a complete ban on advertising, she tells the BBC. We are dangling this dangerous product in front of everyone and normalizing it, and the worst-case scenario is what happened to us, ” the lobbyists say.

“My family – they’ll never recover. You ca n’t ever recover from it. ”

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