Gen Prawit declares assets of B87m

Gen Prawit declares assets of B87m
Gen Prawit Wongsuwon, head of the Palang Pracharath Party, during a visit to Wichian Buri area, Phetchabun state, on Jan 7, 2024. ( Photo: Palang Pracharath Party )

According to the National Anti-Corruption Commission ( NACC), Gen. Prawit Wongsuwon, former deputy prime minister and chairman of the Sports Authority of Thailand ( SAT ), 87 million baht of assets, including five luxurious cars, has been declared.

On Wednesday, the organization released the agency’s declared assets and liabilities for government professionals, social office holders, and other parties. The wealth of Palang Pracharath&nbsp, Party ( PPRP ) leader Gen Prawit caught media attention. &nbsp,

He also serves on the SAT committee and is required to report his resources every three years.

Gen Prawit, 78, declared his position as” one” and reported property of 87.84 million ringgit and a little bill of 757 baht. His possessions were bank payments of 40.48 million baht, opportunities of 6.53 million baht, three blocks of land in Bangkok and Pathum Thani worth about 10 million baht, five cars worth 13.6 million baht, and additional resources for 229, 500 baht.

He reported an annual income of about 2.34 million baht that included 762, 540 ringgit in retirement, living accommodations of 146, 736 rmb, &nbsp, the earnings of a deputy prime minister when he held that government post, &nbsp, 893, 040 ringgit, and place salaries of 546, 000 ringgit. &nbsp,

Among his five automobiles worth 13.6 million ringgit in full, Gen Prawit declared a Jaguar I- Pace AWD HSE for 4 million ringgit on June 28, 2021, and a Mercedes Benz, V250d for 2.5 million baht, on June 6, 2022.

Other assets included a TW Steel watch worth about 15, 000 baht, nine rings worth about132, 000 baht and three handguns- a Colt (7, 500 baht ), Sig Sauer ( 15, 000 baht ) and Smith &amp, Wesson (60, 000 baht ).

When Gen. Prawit left his position as deputy prime minister, he had previously declared assets worth about 89.12 million baht and debt of 757 baht to the NACC on September 5, 2023.

The Supreme Administrative Court issued an order to the NACC in June of last year to release every detail of the findings of its investigation into Gen Prawit’s luxury watch controversy.

Gen. Prawit was accused of lying about his assets or concealing information regarding a sizable collection of expensive watches and rings that emerged after online sleuths began looking through photos of the retired soldier at various public events and discovering the extremely expensive watches he was wearing.

The watches were all taken, according to Gen Prawit at the time.

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America ain't all bad: five good reasons to be optimistic - Asia Times

Lately I’ve been writing some fairly&nbsp, dreary stuff, mostly related to battle and foreign affairs. However, despite my efforts to avoid frightening events abroad, I remain optimistic about the domestic situation around in the United States. So I figured I’d compile a list of changes to look forward to.

Second, the big picture. 2020 and 2021 were very dark times for the US in many ways — no in&nbsp, all&nbsp, techniques, but in many. Covid killed a million Americans, there was enormous social upheaval, violent crime skyrocketed across the country, and in 2021 prices soared and actual money fell.

There were some great things going on to — Covid relief spending allowed a lot of people to pay down their debts, and the market rebounded strongly in 2021 — but nevertheless, if you said that 2020- 21 were terrible times, sensible persons perhaps would n’t contradict you. I still expressed optimism during those years, but more of the” We can fix it” variety rather than the” Things are going great” variety.

The American citizens will have a hard time settling their minds after those times, and the times of turmoil that followed in the late 2010s. However, treatment is already taking place because there are currently a number of positive trends in the country. Here are a few.

Violence is decreasing right now.

Violent crime is a major issue in America nowadays because it is typically a pretty violent nation. In fact, it is pretty much always a major issue in America. But in the 1990s, 2000s, and early 2010s things were getting progressively less terrible.

( Only as a side note, I like to use murder charges as a proxy for total violent crime — rape, robbery, and assault are subject to businesses. If there’s a lot of attack happening, people may just cease calling the cops when they get punched, but all calls the officers for a lifeless body. Therefore, I use death to assess the volume of violent crime total. Also, I often just say” crime” when I mean “violent crime”, because many other people use this shorthand. )

Violence reached a halt in 2014 with a lower level of violence. But in 2015, it started drifting up suddenly, and in 2020 it completely rose. Some, including myself, feared that America was entering a lengthy- term period of increased industrial violence, like we did in the 1970s.

But starting in 2022, something great started to happen — violence&nbsp, started to fall. In 2023, it fell yet more:

Source: Axios

And the pattern looks like it’s continuing, or perhaps accelerating, in 2024. A fantastic table has been provided by The Wall Street Journal that provides an overview of changes in crime rates in several cities over the past year. In most locations, killings are falling, and in some locations they’re completely plunging:

Source: WSJ

America is becoming safer. Why? However, as with the great crime reduction that started in the early 1990s, we’ll probably never understand. Changes in policing and incarceration, the good economy, and falling social unrest are all possibilities.

The good news is that the nation appears to be becoming safer. We might return to the comparatively good years of the early 2010s if the trend continues.

Progress against climate change

One thing that many Americans find depressed, particularly many young progressive Americans, is climate change. And that’s understandable! Our way of life and the natural world are both threatened by climate change enormously. The last year was &nbsp, especially brutal.

There’s an inherent difficulty in solving climate change, since it’s an&nbsp, externality&nbsp, — climate policy is made at the level of individual countries, so each country has an incentive to sit back and do nothing and insist that the other countries handle the global problem.

But there’s another powerful force working against climate change: &nbsp, technology. Solar power, batteries, and other green technologies have gotten cheaper at astounding rates, to the point where decarbonization is the smart&nbsp, economic&nbsp, option as well as the good environmental choice.

At the same time, economic growth is generally shifting from manufacturing to services, especially online services, which are less carbon- intensive. In response, emissions have been decreasing in the developed world and accelerating across much of the developing world:

Source: &nbsp, Nat Bullard

And as a result, projections for how bad climate change will get have been declining for the past six or seven years:

Source: Cipher

There is undoubtedly much more that must be done. Many people and places will be seriously affected by 2. 7 degrees of warming, and even 2. 1 degrees will be challenging to live with. Decarbonization and electrification must proceed more quickly.

But still, this is big progress, on a huge, important, and potentially even existential issue.

The US economy is expanding fairly quickly.

Although a lot of people these days like to minimize the importance of GDP, it is actually a very significant economic number. GDP is a measure of national&nbsp, income&nbsp, — the amount that people&nbsp, spend&nbsp, on goods and services is, theoretically speaking, the same as the amount that people&nbsp, earn&nbsp, ( even if in practice there are small differences between these numbers when we measure them ).

We want people’s incomes to go up! That means GDP growth. Also, faster GDP growth means&nbsp, more people have jobs. Since the pandemic, US growth has been largely consistent with previous decades ‘ average.

But when you look at international comparisons, America is actually doing really well. Most nations struggled to grow at pre-pandemic rates in the post-pandemic era. This is especially true of European nations that experienced the Russian gas cutoff, but it’s also true of places like Japan and Canada ( and even China ).

The US has &nbsp, powered ahead, even when you take higher immigration rates into account:

Screenshot

( Note: This is not a per capita measure, but since most population growth in rich countries is now due to immigration, it’s basically the same. )

And forecasters expect the US to&nbsp, continue to outpace other rich countries this year&nbsp, as well.

Why is the US growing so quickly? Two commonly cited reasons are 1 ) the US ‘ expansionary fiscal policy, including more generous Covid relief payments, and 2 ) Biden’s industrial policy, which is&nbsp, causing a boom&nbsp, in factory construction.

But I would also like to point out&nbsp, allocative efficiency. The US economy got very shaken up by Covid, a lot of businesses were destroyed, and there was &nbsp, a huge boom in new businesses. Americans also&nbsp, moved around the country &nbsp, a lot more than they had been doing in previous years.

That churn results in a better allocation of productive resources; instead of dying and replacing them, workers relocate to jobs and places where their skills are put to better use.

In any case, American income is growing strongly. The higher income is also being released into the pockets of young Americans and the working class.

Younger generations perform better than their older counterparts.

I ‘ve&nbsp, written&nbsp, several&nbsp, posts&nbsp, about this over the past year, but the positive data keeps coming in, and it’s good to go over it again.

There was a great worry in the 2010s that the financial crisis and other negative economic trends would have had a significant impact on the Millennial generation and possibly also Generation Z.

But in the years since the pandemic, it’s become apparent that younger generations are — on average — doing very well economically. The Economist has &nbsp, a good story&nbsp, showing generational income gains by age:

Source: &nbsp, The Economist

Please take note that this figure has been modified to reflect changes in the cost of living over time.

And Jeremy Horpedahl has been&nbsp, tracking younger generations ‘ wealth gains &nbsp, over at his blog:

Source: &nbsp, Jeremy Horpedahl

There are two basic reasons for the jump in the wealth of younger generations: 1 ) rising house prices, and 2 ) falling debt levels.

Now, these are averages, not medians. It’s reasonable to be concerned about inequality in the younger generation, particularly regarding who gets to give their parents a priceless house. But from 2019 to 2022, there were big increases in Millennials ‘&nbsp, median&nbsp, wealth, not just average:

Source: FRB

The changes were especially good for traditionally disadvantaged groups — Black and Hispanic Americans, Americans without a college degree, rural Americans, renters, etc. So that suggests that the wealth surge of the younger generation is n’t disproportionately flowing to wealthy young people ( as it&nbsp, perhaps ), as it&nbsp suggests.

Young Americans are doing just as well because they earn more than their parents did when they were younger, and their wealth is higher as well, despite completing more academic studies and beginning their careers sooner.

Wage Inequality is falling

In America, inequality significantly increased in the 1980s and again in the 2000s and early 2010. The biggest factor in this was by far greater wage inequality: some people made significantly more money while others saw their wages decline. There were heated debates over whether this was due to the decline of unions, China’s competition, automation, tax changes, or the rise of new technologies, which were more advantageous to educated workers than others.

But in the mid 2010s, wage inequality plateaued:

Source: realtimeinequality.org

And since the pandemic, this trend has accelerated. Autor, Dube, and McGrew have &nbsp, a recent paper&nbsp, titled” The Unexpected Compression: Competition at Work in the Low Wage Labor Market”, in which they document how low- wage and medium- wage workers have seen big gains since 2019, while high- wage workers have lost a bit of ground.

They point out that the biggest factor is the reallocation of labor; now that Americans are switching jobs significantly, low-wage workers are able to negotiate more difficult terms with their employers.

In fact, Jeremy Horpedahl has my favorite chart showing the real wage gains ( i. e., adjusted for the cost of living ) across the distribution:

Source: &nbsp, Jeremy Horpedahl

Although it would have been nice if the top five had also gained, the people in the bottom should be proud of their significant gains. So those are five recent trends in America today to be optimistic about.

Our economy is finally fulfilling its promise to low-wage workers and young people, both in terms of greater income and greater wealth. The threat of global warming is less severe, and crime is decreasing.

This&nbsp, article&nbsp, was first published on Noah Smith’s Noahpinion&nbsp, Substack and is republished with kind permission. Read the&nbsp, original&nbsp, and become a Noahopinion&nbsp, subscriber&nbsp, here.

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CNA Explains: How a death sentence in Vietnam links to a massive anti-corruption drive

What’s been the consequences?

SCB, Vietnam’s largest by property, misled 83-year-old Ho Thi Le Hang into buying false ties under Lan’s Van Thinh Lil Holdings Group.  

One of an approximated 42,000 patients, Hang hopes to get up the US$ 500,000- all of her life benefits, raised from selling two plots of her ancestors ’ property- she parted with. While some relationship manufacturers have defaulted their loan obligations, the rest of the securities have been frozen.

After Lan’s arrest in October 2022, Vietnam’s key bank placed SCB under particular supervision to quit a run- that is, customers were withdrawing their money in fear of the business lender’s possible failure.

This year, it was reported that the central banks had pumped US$ 24 billion in specific debts as of the beginning of April, in a bid to stop SCB from collapsing. That’s similar to one-fourth of the region’s foreign exchange reserves.

However, officials have expressed concerns over how fundamental issues in Vietnam’s finance field have gone undetected.  

From 2012 to 2020 SCB passed, without dark colors, assessment checks by regional offices of major global firms including Ernst & Young, Deloitte and KPMG. But after Lan’s forgery was exposed, individual assessments showed more than US$ 18 billion in accumulated costs.

Her case has even highlighted the issue with “cross-ownership ” in Vietnam’s banking sector, where personal businesspeople- including real estate developers like Lan- even hold important positions at business banks, properly using them as individual ATMs.

” Financial institutions need to put an end to the practice of providing loans to specific companies, projects in its own ecosystem or backyard firms under the same group that would endanger the healthiness and safety of the bank,” Vietnamese Prime Minister Pham Minh Chinh said in December.

Vietnam has since amended laws to strengthen shareholder limits at banks. But experts say regulation alone is not enough in the absence of effective enforcement.

“There is no guarantee that it will be the last case … Violators have bypassed the laws easily, ” Dr Nguyen Tri Hieu, a banking insider, told CNA. “ I am not surprised at the fraud. But I am surprised at the magnitude of it. ” 

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Yuan internationalization drive hits a local speed bump - Asia Times

As Taiwanese leader Xi Jinping works to increase the yuan’s role in global business and finance, he’s encountering an unforeseen rate knock: island companies.

Corporate executives are putting their feet down when it comes to converting foreign exchange earnings into local currency, according to new data from the People’s Bank of China ( PBOC).

In March, FX deposits rose to  US$ 833 billion   from$ 779 billion a month earlier, signaling that businesses are slow-walking moves to swap earnings into their home currency.

The most obvious explanation: higher offshore interest rates that are contributing to a weaker-than-expected yuan.

This enormously positive yield spread is not going to vanish anytime soon, according to Alvin Tan, a currency strategist at RBC Capital Markets.

The US and China rate differential is the most significant since 2007. This important fundamental fact, according to Tan, suffices to explain why Chinese exporters are reluctant to exchange dollars for yuan. ”

Another reason for Beijing’s currency managers to resist the urge to chase a falling yen downward in the months to come. It might have negative effects because it contradicts Xi’s grand plan for “yuanization.” ”

Granted, Xi and Premier Li Qiang have so far resisted the urge to devalue. A weaker exchange rate may be just the thing to boost exports and keep the country’s largest economy from experiencing deflationary strains, but it could also be the thing to keep exports at 5 % and keep deflationary pressures at bay.

There are a variety of reasons why Pan Gongsheng, the governor of the PBOC, and Team Xi have not followed the yen lower.

People’s Bank of China Governor Pan Gongsheng faces a currency dilemma. Image: Twitter Screengrab

For one thing, it would make it more difficult for property development companies to pay offshore bonds, increasing the likelihood of more defaults involving China Evergrande Group. For another, it could make China an even bigger flashpoint ahead of the November 5 US election.

The biggest worry, though, is damaging Xi’s long-term priority to internationalize China ’s currency as an alternative to the US dollar.

According to Dmitry Dolgin, economist at ING Bank, “it appears that China’s expanding trade ties and financial infrastructure suggest that the potential for further yuanization has not been exhausted.”

As the yen drops to 34-year lows, Yoet Xi’s balancing act becomes more challenging. The yen ’s 9. 7 % drop this year alone is n’t making Beijing’s life easier as it struggles to stabilize consumer prices.

A stronger GDP may also give Xi’s reform team more latitude to deal with China’s property crisis, lessen the rate of rising youth unemployment, and lessen runaway local government borrowing.

When Fitch Ratings downgraded China ’s sovereign credit rating to “negative” from “stable ” earlier this month, it listed local and regional governments ’ financial strains among its biggest worries.

Municipalities, Fitch said, “have been affected by the property slowdown and some local government financing vehicles ( LGFVs ) are facing refinancing pressures. ”

According to Fitch, in the past year,” some highly indebted regions were permitted to issue about CNY1.” 4 trillion ($ 193. 5 billion ) in refinancing bonds to bring LGFV debt directly onto their balance sheets. In 2024, we anticipate that this issuance will continue. ”

So far, banks have been requested to support LGFV debt structures through restructurings, while local asset management companies have also stepped in with support, Fitch notes.

China’s Ministry of Finance responded by claiming that Fitch ratings do n’t effectively account for the potential benefits of fiscal policy in terms of fostering economic growth and stabilizing macro leverage. ”

The team led by Finance Minister Lan Fo’an asserts that China’s GDP is increasing by about 5 %. 3 %, contributing more than 30 % to world output.

As such, Beijing claims, “the long-term positive trend of China ’s economy has not changed, nor has the Chinese government’s ability and determination to maintain good sovereign credit. ”

Even so, central banks and international investors are n’t buying yuan assets as much as Xi’s government had hoped.

One reason is the US dollar’s stubborn strength. In February, foreign holdings of US Treasury securities surged to a record — and a fifth straight monthly rise — despite Washington ’s national debt hitting$ 35 trillion.

Photo: Reuters/Jason Lee
As a global reserve currency, the dollar is still in favor. Photo: Agencies

US government debt purchases increased by 8 % on average. 7 % in February alone to$ 7. 965 trillion, up from$ 7. 945 trillion in January as Belgium, Japan, the UK and other top economies loaded up on dollars.

This dollar-hoarding is more than offsetting Beijing’s efforts to reduce US holdings. In February, China ’s stockpile of Treasuries dropped$ 22. 7 billion to$ 775 billion.

The BRICS economies ‘ wider efforts to marginalize the world’s reserve currency are also spooked by dollar purchases.

The governments of Brazil, Russia, India, China and South Africa have n’t been quiet about “de-dollarization ” efforts, with an important assist from Saudi Arabia and other OPEC members.

Given China ’s scale and role as the top trading nation, a pivot from dollars to yuan seems like the most obvious changing-of-the-guard option.

Defined by the BRICS alliance’s desire to dethrone the dollar by persuading developing nations to use local currencies for trade and finance instead.

This determination has only grown more powerful as a result of US President Joe Biden’s administration’s efforts to undermine China’s tech sector and “weaponize” the dollar as part of policies to punish Russia for its invasion of Ukraine.

Christian Lindner, the minister of finance in Germany, warns that the thawing of Russian assets in the wake of Ukraine’s tensions could threaten sovereign immunity and financial stability.

International financial stability may be endangered, according to Lindner. We would lose more in the long run than we would gain. ”

Yet the ditch-the-dollar enterprise seems to have lost momentum, at least for now, as the dollar continues to advance. This month, the  DXY index, a key measure of dollar strength, is up nearly 5 % so far this year.

One reason the dollar is confounding the BRICS is the durability of the “higher-for-longer ” era for US yields. Interest rates were expected to be cut by the Federal Reserve between five and seven times this year. Markets now wonder if the Fed will ease at all as inflation proves to be less transient than expected.

Lawrence Summers, the former US Treasury secretary, even wonders if the next move by Chairman Jerome Powell’s Fed might be to hike rates instead. This reversal is causing the yen to fall and keep the yen in decline.

The yuan is n’t alone. India’s rupee recently dropped to an all-time low versus the US dollar. Malaysia’s ringgit is trading near its lowest levels since the 1997-98 Asian financial crisis. The central bank has delayed rate cuts due to concerns about further declines in the Philippine peso.

IMF Managing Director Kristalina Georgieva warned this month that emerging economies are struggling to stem large capital outflows as the International Monetary Fund and World Bank hosted their spring meeting.

The rest of the world’s interest rates are not encouraging, Georgieva asserts. Higher interest rates increase the US’s appeal, making financial flows flow here, which causes the rest of the world to struggle a little bit. ”

Georgieva comes to the conclusion that, if it persists for a long time, it might turn out to be a little uneasy in terms of financial stability. ” 

In March, IMF data showed the US dollar accounted for almost 60 % of all global foreign reserves. The share of global foreign reserves in the currency increased by 0 percent. 2 percentage points in 2023.

Despite this, Xi seems as determined as ever to raise the yuan’s reputation worldwide.

In 2016, Xi’s efforts to strengthen the financial system and increase transparency paid off when the yuan was welcomed into the International Monetary Fund ’s “special-drawing rights ” program.

The yuan’s trust increased as a result of joining the most exclusive currency basket with the dollar, yen, euro, and pound.

Since then, its use in finance and trade has increased steadily. In FTSE-Russell’s and MSCI’s stocks indexes and others, Chinese government bonds held a prominent position in that growing role.

However, Chinese assets may lose value because of the yuan’s softness. So do perceptions that  In Xi’s next five years, his goals for greater control may outweigh growing Chinese influence. competitiveness and transparency.

The yuan’s potential impact on the world as China modernizes its economy is still a good one. In terms of trade and official aid, there are indications that China Inc. is having doubts about the yuan’s trajectory, which suggests that Xi’s de-dollarization strategy is working better abroad than among Chinese businesses.

One solution is for Xi and Li to intensify reforms in the sectors of the property sector, local government finances, capital markets, and shifting the focus from exports to services and innovation. To increase global trust, Beijing also needs to fully convert the yuan.

China ’s yuan still has a trust problem. Photo: Facebook Screengrab

According to Alexandra Prokopenko, a senior fellow at the Carnegie Russia Eurasia Center, the issue is that “it is believed that the yuan ca n’t become a full-fledged reserve currency because of the current restrictions on capital transactions in China. ” ”

Although Russia and other sizable economies are using the Yuan to boost its status as an international reserve currency, Prokopenko notes that due to structural constraints, it is still a difficult currency to substitute for the dollar.

According to Rodrigo Zeidan, a professor of finance at New York University Shanghai, China cannot permit the flow of capital freely into its economy without running into a second domestic currency crisis. ”

According to him, it is important to see whether China will try to de-dollarize the world economy or to merely hedge against potential US sanctions. China’s access to the latter will remain limited for the foreseeable future. China would have to maintain free capital markets in an effort to de-dollarize. ”

Follow William Pesek on X at @WilliamPesek

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$60 billion in US aid: no certain path to victory - Asia Times

The US House of Representatives finally passed a bill authorizing US$ 60 billion ( £50 billion ) worth of military aid to Ukraine, despite months of delays and desperate pleas from Ukraine.

The invoice must then be approved by the Senate before Joe Biden, the US senator, can pass it into law. But given the Senate’s prior approval of a comparable measure and Biden’s passionate lobbying of the need to help Ukraine, this should be a formality.

Does US assistance save Ukraine from what might otherwise have been a certain but unsursurmountable fight? The answer is not easy. What is certain is that it gives Ukraine a chance to stop a slow but steady Soviet offensive that has resulted in significant territorial gains for Moscow in recent months. It also gives Ukraine a breathing room on the field.

There are still some logistical challenges to overcome, aside from Senate and political acceptance. Most of the desperately needed military technology, specifically weapons, is currently stored in Poland. However, it needs to be taken to the front lines and incorporated into Russian troops ‘ protection strategies and tactics it.

However, Kyiv will be less forced to ration munitions as it has been forced to do just because leaders are presently confident in the knowledge that supplies may arrive soon. This implies that things will probably get better on the front yet before fresh US supplies arrive, combined with the morale boost for the troops.

Political did

What much more than a relief did this aid package actually offer? This depends on several factors. The viability of defense and various forms of aid is more than just a financial issue. It is primarily one of social can.

In a national election year, the months-long wait in the US Congress was mostly a result of local political posturing. Donald Trump supported Republican House Speaker Mike Johnson in his decision to vote on the Ukraine support costs on Saturday, following a string of contradictory signs in recent months. However, more House Republicans voted against the costs than in favor of it.

Also, in case Trump returns to the White House after November’s vote, his personal animosity against Ukraine and its leader, Volodymyr Zelensky, are also known. He and the US are now an ambiguous long-term alliance because of this and his previous expressions of enthusiasm for Vladimir Putin.

The pro-Russian tendencies of just one of the EU’s 27 heads of state and federal caused earlier problems in the EU to complete its multi-annual Ukraine aid package. Hungary’s Viktor Orbán now seems to have found a like-minded alliance in Slovakia’s perfect minister, Robert Fico, who has opposed attempts to provide more military aid to Ukraine, rather arguing that Kyiv may seek a negotiated settlement with Moscow.

A larger percentages of pro-Russian people who oppose open-ended support for Ukraine are likely to appear in the congress during the June legislative elections. While their impact on financing decisions is minimal, they could truly generate major problems in Ukraine’s EU accession negotiations.

Economic power

To top it off, Russia’s significantly higher military output and its own strengthened protection sector are nowhere near adequate equipped for the US and Europe’s defense professional bases. Russians ‘ quick transition to a war sector has also been boosted by aid and weapons from Iran, North Korea, and China.

There is some assurance that manufacturing capability will significantly improve in the US, Europe, and Ukraine as of 2025. Russia’s current level of military activity is in question, especially if the US and EU are able to stop China and Iran from more aiding Moscow.

However, even in the most optimistic scenario of continued investments in the social West’s defence industry and growing financial and operational difficulties in maintaining Russia’s security field, a game-changing shift in the balance of power is undoubtedly doubtful in the near future.

Russia holds the action, for presently

In contrast, Russia, at the moment in any case, however has distinct manpower advantages. In light of the depleted Russian air defense systems, it also enjoys air supremacy and has the necessary operating speed on the battle. If something, Russia will then double down on its latest offensive drives.

It will want to hit home these benefits before Ukraine’s threats are bolstered by the appearance of military support and, possibly, more US defense advisors.

A final place that should be reiterated is that the West is also at risk of experiencing a significant security issue. The US House of Representatives voted in favor of military aid for Israel and Taiwan, probably granting them access to a combined$ 100 billion budget at the same time that the US House of Representatives approved its support costs for Ukraine. The long-term viability of such assistance deals is in doubt, and not just during a possible second Trump administration, given the current$ 34 trillion national debt balance, which increases by$ 1 trillion every 100 days.

All of this, combined, probably means that the odds that Ukraine will defeat Russia in a year are at best overly optimistic and at worst dangerously delusional. A more accurate assessment would be that Kyiv will have a chance to strengthen its negotiating position when the two parties finally convene to put an end to this conflict because of the resolve the West appears to be rediscovering more of in its support for Ukraine.

Even this might turn out to be illusory. Another forever war might have just become more manageable, at least for the time being, given the rhetoric of victory in Moscow and Kyiv.

At the University of Birmingham, Stefan Wolff is a professor of international security.

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

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Disbarred lawyer admits siphoning more than S$527,000 from client with borderline intellectual functioning

SINGAPORE: A disqualified attorney started a consulting business and finally took money from a customer.  

Soraya Hafsa Ibrahim, 58, extorted money from a customer who had borderline academic working, requesting that he mark checks for money that she used to pay off her debt.  

On Monday ( April 22 ), Soraya admitted guilt to two of her three criminal breaches of trust as an attorney, as well as one count of accepting fees while being unauthorised while preparing legal documents.  

The attorney’s sentencing cost for the remaining count of unlawful breach of trust may be taken into account, which has been postponed.  

In total, the charges involve about S$ 527,000 ( US$ 386,900 ).  

According to the court, Soraya was summoned to the table in 1994 but was expelled on January 20, 2020 for a problem separate from the recent legal fees.  

Soraya was Soraya H Ibrahim &; ultimate attorney at the time. Co.

She deregistered the legislation firm a fortnight after being removed from the roll, but she opened SHI Consultancy on October 21, 2020.  

While at the firm, Soraya received a consumer who needed help with managing his dying mother’s estate. A cover board level, an insurance policy scheme, and bank records were included in this.  

The buyer, a 34-year-old guy, was deemed to possess borderline academic functioning. The Institute of Mental Health, but, determined that he was fit to manage the property of his late mother.  

After being unhappy with the primary law firm working for the same company, the lawyer’s caregiver introduced him to Soraya. Soraya was well aware of this lawyer’s mental incapacity.  

The customer then retained Soraya to assist him with property law issues involving his late family’s estate from April to May 2019.

She made arrangements to open an house bank account for this purpose. Money from the landowner’s assets were deposited into this accounts, with the customer as the ultimate member.  

Soraya began considering using the money from the bank account to relieve her economic woes after opening the bill.  

She asked the client to sign cheques and used them to make withdrawals, depositing more than S$ 527,000 of the ill-gotten gains into her own bank account.  

Trusting Soraya, and believing that she had his best interests at heart, the person signed the payments.

Eventually, Soraya used the majority of the money to pay off her personal expenses, including bank bills and friend loans.  

In August 2019, the gentleman reported to the authorities.  

The client later sued Soraya, who was ordered by the High Court to pay S$ 456,473. 21 to the consumer. Soraya paid the sum at some point after the final verdict was rendered, and she has since made whole compensation.  

Individually, a 36-year-old guy engaged Soraya in September 2021 to help reveal his family as the legal owner of his late father’s level.  

Soraya, who had already been struck off the roll, collected a fee of S$ 10,000 from the man. She informed him that she was operating a consulting and not practicing law.  

She did not inform him that she had been unfair, and she was therefore unable to handle the situation.  

Additionally, Soraya created the necessary paperwork to request letters of administration from her client. The client presented these with their signed copies in front of a commissioner of oath.  

After learning that Soraya had been charged in court with embezzlement, the man made a police report on October 28, 2022.  

He also felt that despite paying the fee, there was little progress in the matter for which he had engaged Soraya. For about two months, Soraya had been neglecting to update his case properly.  

” LOOK AT ACCUSED AS A MOTHER”: DEFENCE 

The prosecution requested an unspecified “high” fine and a jail sentence lasting between 60 and 80 months.  

Soraya was described by deputy public prosecutor Gladys Lim as a” seasoned lawyer” who disregarded the high standards of trust, honor, and integrity that a legal professional should a lawyer have.  

In court documents, Ms. Lim and Deputy Public Prosecutor Niranjan Ranjakunalan claimed that the accused’s crimes were grave, showed a complete disregard for the very interests her lay clients had trusted her to protect, and disregarded the legal profession.  

Ms. Lim cited the abuse Soraya had made of a vulnerable victim who she knew had a borderline intellectual functioning.  

Soraya’s lawyer, Mr Shashi Nathan, made an impassioned plea for the court to consider Soraya’s personal circumstances, for which he said differentiated her case from others.  

” Greed is often a motivation but in the present case, this is not here,” said Mr Nathan.  

He said that Soraya had three children, two of whom had done well but the third, a son, fell on “bad times” and mixed with the wrong company.  

This son fell into debt “in excess of S$ 600,000”, said Mr Nathan.  

” This is not Soraya as a lawyer, this is Soraya as a mother. She looked at what was happening to her son, she looked out at her (other ) two other children, she felt compelled to do something,” said Mr Nathan.  

She pondered how do I save my son, and this is why she committed this crime. She was having guests enter the house and bother her and her family. As his client looked over to her family in the gallery and wiped her tears, Mr. Nathan declared,” She was genuinely concerned about her family.”  

Soraya had handled hundreds of pro bono cases before she became a prominent lawyer at Syariah Court, according to Mr. Nathan.  

She lived in a very comfortable house. She did n’t have to get into this situation. She never sought to accept client funds, but a family tragedy altered everything. Perhaps out of desperation, perhaps out of a need to survive,” he added.

Mr Nathan sought no more than 34 months ‘ jail and a fine of S$ 3,000 for his client.  

Judge Jill Tan, the first district judge, adjourned the case until May 3 because she felt the sentencing would need some time.  

A criminal breach of trust as an attorney could result in a 20-year prison sentence and a fine.  

For preparing legal documents while unauthorised, a person could be fined up to S$ 10,000, or in default of payment to imprisonment, be jailed up to three months on a first offence.  
 

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Racial wart on Myanmar's revolutionary troika - Asia Times

Myanmar’s political opposition intricate is celebrating its three-year anniversary of the military coup that ended in 2021, but its progress has been at best subpar and at worst an absolute failure.  

The National Unity Consultative Council ( NUCC), an appointed executive body for the National Unity Government ( NUG), and the Committee Representing Pyidaungsu Hluttaw ( CRPH), a group of parliamentarians from the National League for Democracy ( NLD ) elected in the 2020 nationwide election that was overturned by military coup-makers, are the three groups that make up the complex.

There are 204 members and a more 230 spectators. The Second People’s Assembly, which was convened by the NUCC on April 4 through April 4, was held for three weeks amidst heated discussion, sparking long-standing conflicts between these groups.

The last day was likely the result of a contentious discussion between attendees that resulted from procedural irregularities and division of responsibilities, long-standing personal animosities, dramatic accusations of a NUG-sponsored attack on a well-known People’s Defense Force ( PDF) leader, and disagreements over the movement’s future priorities.

All in all, there was n’t much “unity ” on display.

The NUCC’s post-assembly statement about the controversiously controversial 1982 Citizenship Law good addressed one question. Of the three “decisions ” passed by the assembly, the third “determined that the ( law ) would be abolished…implemented in accordance ( w )ith ( sic ) Chapter ( 5 ) ‘Interim Legislature ’ of the Federal Democracy Charter. ”

The guiding record of innovative Myanmar, released in March 2021, states in Chapter 5 that:” the provisions and policies in this Charter are the fundamental guidelines that may be used to implement the issues relating to the time government and time constitutional arrangements that will come quickly. ”

Little has changed in more than three years, and the repeal of the biased citizenship law has been largely accepted platitudes. Whilst the FDC has become the Rosetta Stone of the anti-SAC social movement, especially the NUG/CRPH/NUCC structures, it has n’t served the other minority and stateless people of Myanmar. Why has n’t the citizenship rules been repealed?

For such a controversial equipment, it is amazing the legislation has endured. It becomes even more illogical because it was actually the founder of tyrant Ne Win.

His speech releasing the policy, published on the front page of the Working People’s Daily on October 8, 1982, is a nakedly racist diatribe, justifying a law that broke citizenship into three categories, “( r )acially, only pure-blooded nationals will be called citizens”, Ne Win vowed, formalizing the concept of taingyintha or official “ethnic nationalities. ” The two lower classes, naturalized and associate people, had “mixed body ” and deserved lesser right, according to the law.

The army was engaging in rigorous war atrocities against ethnic communities in Karen, Shan, Kachin, Arakan, and many other fight areas when South Asians were expelled from then-Burma following the military coup of 1962, anti-Chinese protests, and the first large-scale abuse on Rohingya Muslims in 1978.

Ethnic Lisu women wait for the arrival of pro-democracy leader Aung San Suu Kyi at the Hsiseng township in Shan state, Myanmar September 5, 2015. REUTERS/Soe Zeya Tun - RTX1R83F
Aung San Suu Kyi will arrive at the Hsiseng town in Shan position, Myanmar, on September 5, 2015. Soe Zeya Tun is a member of the Reuters/Asia Times Files.

The concept of taingyintha was established with the classification of 135 regional races, a record so excessively manufactured it should have been discredited and scrapped centuries ago.

But the rules persisted, being used by trivial bureaucrats to control access to education, employment, release of ID cards, passports and company subscription for Rohingya, Tamils, Chinese, Punjabis, Gurkhas, Telugus, Bengalis and smaller ethnic minorities living in remote areas. It was not just a tool of domestic repression, it also contravened Myanmar’s obligations to international treaties, especially on child rights.

The Kofi Annan-formed Rakhine Advisory Commission report of 2017 contained a significant section on the subject and solid recommendations for reform, but it also included a more opportune suggestion to “set in motion a process to review the law. ” It also contained a more cautionary suggestion to “set in motion a process to review the law. ”

2019’s International Commission of Jurists produced a thorough report with compelling arguments for reforming the law. Numerous academic articles on the subject have been written by authors like Elizabeth Rhoads and Nyi Nyi Kyaw. According to Rhoads, the Myanmar state “uses various measures to strip, delay, and defer citizenship of racialized and minoritized populations. ” ”

Between 2016 and the coup attempt in 2021, the Aung San Suu Kyi administration’s alleged worsening of these measures. Her NLD was resistant to legal reform. Looking Familiar, Remaining Strangers, a 2023 report from the think tank Mosaic Myanmar, documented the experiences of “unofficial minorities ” both before and after the coup, the capricious and corrupt nature of local administrators, and how the lack of documentation particularly affected younger people and the working poor.

As the anti-coup” Spring Revolution” began, people were hoping that the law would be repealed in accordance with the FDC’s fine principles. On June 3, 2021, the NUG released a “Policy Paper on the Rohingya in Rakhine State”, which promised to treat all minorities as equal citizens and pledged a “process of repealing, amending, and promulgating laws, including the 1982 Citizenship Law, by the new constitution when the drafting is complete. ”

So legal reform and minority rights are held hostage to elite NUG/CRPH/NUCC inertia? Senior opposition officials frequently make reform promises, but they are never followed by action.

When the NUG Ministry of Foreign Affairs was asked directly, aloof from the concerns of the international community, to hold its first press conference ever in 2023, they completely ignored the question. Aung Kyaw Moe, a highly regarded Rohingya activist, was appointed as deputy minister of human rights in the middle of the NUG’s most encouraging move in 2023.

The 21 recommendations and proposals from the NUCC included strong calls for reform, including the creation of a “special commission on minority affairs, ” a pledge to “eliminate all discrimination against ethnicity, religion, and the crucial final point, to amend or repeal laws that violate the values of women’s and human rights. ”

Rohingya refugees walk after crossing the Naf river from Myanmar into Bangladesh in Whaikhyang.Photo: AFP/Fred Dufour
Refugees from Rohingya in Whaikhyang walk across the Naf River from Myanmar to Bangladesh. Photo: Asia Times Files / AFP / Fred Dufour

What laws have the NUG/CRPH/NUCC addressed in the past three years? Only one law has been abolished: the Myanmar Police Force Maintenance of Discipline Law in 2022 ( Law 1/2022 ). Three laws have been enacted. The first appointment, which came on February 9 and came on the same day as the CRPH was established, was the State Counsellor of State ( Law 1/ 0121 ), which gave Aung San Suu Kyi the authority to provide advice to the citizens and the interests of the state in ways that are not incompatible with the constitution. ”

That is the constitution of 2008 that the majority of revolutionary movements oppose. The NLD prioritized the appointment of their leader just a week after the coup, much like the party did in 2016, when Suu Kyi’s inaugural State Counsellor Law, which enraged the Myanmar military leadership, was the first piece of legislation to enact effective head of state status. The other two laws were the Union Taxation Law ( Law 6/2021 ) and the People’s Police Force Law ( Law 2/2022 ).

The five amended laws involved taxation, public debt management, gambling and the state counsellor law. For a stable and effective government, this would be a shockingly unimpressive legislative record.

The symbolic amendment or repeal of repressive laws should be merely a keystroke away, however, for the CRPH, which operates in a virtual Zoomtopia. They could have made sweeping, dare one say revolutionary, symbolic reform to the tangled, nasty web of the Myanmar legal system, with a priority being the Citizenship Law, therefore laying the ground for future revolutionary implementation.

One strategy might be to use the laws the SAC is enforcing against domestic dissention. SAC Order No. was issued by the regime. 29/2024 on April 17, remitting sentences of convicted prisoners, except for murder or rape or offensives from several laws that included the Unlawful Association Act and 2014 Counter Terrorism Law, but also absurdly the 1878 Arms Act, the 1924 Shan State Arms Order, and the 1948 Arms ( Emergency Penalty ) Act.

This would be police-state parody if it was n’t so repulsively repressive. And yet the “legitimate” NUG/CRPH/NUCC continues to threaten people with prosecution using some of these laws.

The NLD/NUG/NUCC/CRPH inner circle of foreign advisors, who publicly deny their involvement in the ongoing military and bureaucratic oppression of all nationalities, share a collective responsibility for failing to demand the repeal of the citizenship law.

Why do they fight a supposedly legitimate government that has abdicated its fundamental right to defend the rights of others? How can foreign donors provide millions in federal funding for a so-called “revolution” that still believes in racial hierarchies?

The balking of the “revolutionary troika ” to prioritize basic legal change is rank cowardice. This failure stems from a culture of bureaucratic infighting, personality vendetta, moral inertia, political hubris and the ingrained imperiousness of NLD political culture, a personality cult that fuels servility.

This crippling culture has been largely ignored by the NUG and CRPH. This is in part due to their poor performance and declining popularity. Entitlement, alas, is not a strategy.

David Scott Mathieson is an independent analyst working on conflict, humanitarian, and human rights issues on Myanmar

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5m seniors must work to live

NSO says several have formal training

5m seniors must work to live
In the Chatuchak area, a mature fruit and vegetable merchant. ( File photo: Onnucha Hutasingh )

According to the National Statistical Office ( NSO ), more than 5 million senior citizens still need to work to make a living, and the majority do not have formal education.

NSO lieutenant director  Suwannee Wangkan reported that Thailand had 13 according to the benefits of its annual study, which was conducted in July and August of last year. 64 million people aged over 60 years old, or on 19. 5 % of the government’s 66 million people.

Of them, 5. 11 million, or about 37. 5 %– 48. 1 % people and 29. 4 % females– had labor, an increase from 4. 74 million in 2022, Ms Suwannee said.

Most older people lived in the east, northern and southern regions, she said. In Bangkok, about 25 % of the older people is employed, she added.

Additionally, the NSO found a rise in the number of elders who work and reside alone, she said.

Of the 5. 11 million elderly who need to operate, 68. 1 % never attended college or completed secondary school, 15. 6 % previously completed primary school, 11. 3 % previously completed secondary institution and 5 % previously completed school, she said.

More than half, or 59. 3 %, function in the agriculture and fishing industries, 30. 10 % in the service industry and 5 % in the food industry. 2 % in production, she said.

In terms of repayment, the common aged employee earns 12,151 ringgit per month, but the common for those in crops is 5,796 ringgit, she said.

Additionally, the NSO discovered that 86 percent of seniors are casual workers without social security benefits. 8 % of them experiencing employment volatility.

According to Ms. Suwannee, the NSO suggests that state organizations, including the labor ministry, come up with plans to help the growing number of older workers in order to give them better opportunities for employment, including equal pay, and better opportunities for employment.

In the meantime, the NSO has carried out its 2023 Household Economic and Social Situation Survey, which showed that families nationwide earned 29 ,030 ringgit on average each month, with 70. 5 % coming from regular income, pay, business income and land produce, and 14. 5 % coming from non-monetary options.

It furthermore found that homeowners spent an average of 23,695 bass monthly. Consumer goods like food and water topped the list of top three expenses ( 35 ). 3 % ), housing and rent payments ( 21. 9 % ) and travel-related costs like automobile payments ( 16 % ).

The average family has 197,255 ringgit in overall debt, of which 77. 7 % is in enclosure, which includes loan for the purchase or hire of a house and/or land, bills for consumption, and education loan, the NSO said.

The final 22. Investments and another factors account for 3 % of the loan.

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Chinese woman pushed off cliff by husband in 2019 reunites with rescuers

Chinese woman pushed off cliff by husband in 2019 reunites with rescuers
Wu Nan, 37, savors tears of joy as she embraces one of the four rescuers in Ha Taem National Park’s Ubon Ratchathani state on June 9, 2019, after her partner pushed her off a cliff. ( Photo: Office of the Pha Taem National Park )

In Kong Chiam region in 2019, a Chinese woman apparently was pushed off a cliff by her father, but unexpectedly survived and had her unborn child be thanked four national park officials for her rescue.

On Saturday, Wang Nan, 37, cried out of joy and love as he hugged each of the four female rescuers at the Pha Taem National Park office. They are Pairote Phew-oon, Sakulthai Chansook, Sorawit Mingman and Sataporn Phima.

On the morning of June 9, 2019, Ms Wang, next three months pregnant, and her father Yu Xiaodong, next aged 33, visited the rock, famous for its stone drawings, near Pha Taem Stance to see the moon rise. Although her father apparently pushed her off the rock, she and her unborn baby miraculously survived after being pushed 34 meters by trees.

Mr Wang suffered injuries in her left knee, left shoulder, left collar bone, shoulder bone and knees. She was discovered seriously injured by a Thai tourists on a path and called park officials. The four volunteers immediately transported her to Kong Chiam area hospital where she received first support.

Five years ago, Ms. Wang expressed gratitude and applauded everyone’s rapid response at the reunion. She gave good coffee to the team as a token of appreciation.

About a week after the collapse, Thai authorities arrested Yu on an attempted murder charge, citing the lack of funds as the case.

Ms. Wang claimed in an interview with the South China Morning Post that Yu gently kissed her on the cheek and said,” Go to hell,” before pushing her over the edge.  

Yu apparently had a bill and was addicted to gambling. He requested Ms. Wang to give him a sum of 2 million yuan, but his wife only gave him 1 million, telling him to take the rest of the money.  

According to the Islands Times, Thailand’s Supreme Court sentenced Yu to 33 years and 4 months in jail. Additionally, the report stated that her newborn child did not survive the drop, and it was not immediately possible to ascertain whether this was the case.

On Saturday, Ms. Wang, left, presents the staff at the Ga Taem National Park office in Ubon Ratchathani. ( Photo: Office of the Pha Taem National Park )

A female Chinese girl who fell from a rock at the Ha Taem National Park in the Khong Chiam city of Ubon Ratchathani state on June 9 helped by park rangers. ( Photo taken in Pha Taem National Park )

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