China megaport paves way into Latin America as wary US looks on

Reuters A crane moves a container at the new megaport being built by China's state-owned Cosco Shipping in Chancay, PeruReuters

China has really taken significant action to strengthen its position in Latin America as the world waits to see how Donald Trump’s returning will shake relations with Beijing.

Trump won the US presidential poll with tariffs as high as 60 % on Chinese-made items. Farther north, though, a new China-backed megaport has the potential to create complete new trade routes that will pass North America completely.

This year saw the opening of the Chancay interface on the Peruvian coast by President Xi Jinping himself, a sign of how seriously China views the situation.

For the Asia-Pacific Economic Co-operation Forum ( APEC ) annual meeting, Xi was in Peru. However, Chancay and what it says about China’s growing confidence in a place that the US has usually seen as its sphere of influence were all in the public’s minds.

Washington is now paying the price for decades of disregard for its neighbors and their needs, as experienced spectators may have predicted.

” The US has been excluded from Latin America for so much, and China has moved in thus quickly,” says senior fellow at the Washington Peterson Institute for International Economics, Monica de Bolle.

She tells the BBC,” You have the neighborhood of America engaging immediately with China.” ” That’s going to be problematic”.

Reuters A person works near stacked containers at the new megaport being built by China's state-owned Cosco Shipping in Chancay, PeruReuters

Even before it opened, the$ 3.5bn ( £2.75bn ) project, masterminded by China’s state-owned Cosco Shipping, had already turned a once-sleepy Peruvian fishing town into a logistical powerhouse set to transform the country’s economy.

China’s national Communist Party paper, the People’s Daily, called it” a justification of China-Peru win-win co-operation”.

Peru’s President Dina Boluarte was equally passionate, describing the megaport as a “nerve center” that would provide” a point of connection to access the giant Asian business”.

The effects extend far beyond the riches of one little Peruvian country. When Chancay is fully operational, items entering Shanghai and other Eastern ports are anticipated to pass through it from Chile, Ecuador, Colombia, and actually Brazil.

China currently has extensive appetite for the country’s exports, including Portuguese soybeans and Chilean copper. This new harbor will now be able to handle larger ships and shorten the duration of delivery by 35 to 23 nights.

Nevertheless, the new interface may favour goods as well as exports. Chile and Brazil have eliminated tax exemptions for specific clients on low-value foreign purchases as evidence increases that an flow of cheap Chinese goods purchased online may be affecting local market.

Reuters A harvester unloads soybeans into a truck at a farm during a record soybean harvest season in Não-Me-Toque, Rio Grande do Sul, Brazil, 3 April 2024Reuters

As nerve US defense hawks have pointed out, if Chancay can provide ultra-large box vessels, it can also control Chinese ships.

Gen. Laura Richardson, who recently retired as the head of US Southern Command, which covers Latin America and the Caribbean, has issued the most severe instructions.

She has accused China of “playing the’ much game’ with its development of dual-use sites and facilities throughout the region”, adding that those sites may offer as “points of potential multi-domain access for the]People’s Liberation Army ] and strategic maritime chokepoints”.

Reuters A member of the Chinese People's Liberation Army (PLA) Navy stands guard on the Shijiazhuang, a Type 051C guided-missile destroyer, as the Navy opens warships for public viewing to mark its upcoming 75th founding anniversary, at the port in Qingdao, Shandong province, China 20 April 2024Reuters

Even if that prospect never materialises, there is a strong perception that the US is losing ground in Latin America as China forges ahead with its Belt and Road Initiative (BRI).

Joe Biden, the incoming US senator, made his initial and final trip to South America during his four-year word, and he was one of the officials at the Apec conference. He reportedly shaved a smaller amount than China’s Xi, according to internet observers.

The London School of Economics ‘ Global South Unit’s Director, Prof. L. Varo Méndez, points out that Xi was often visiting the area and cultivating good relationships there.

China just needs to be a little bit better to get through the doorway, he claims because the US has set the bar so low.

The BRI targets Latin America, of training, as well as other regions of the world. Since 2023, China’s extraordinary infrastructure splurge has pumped money into roughly 150 countries globally.

Some projects are still unfinished, and many developing nations that signed up for Beijing’s money have ended up in debt as a result.

Perhaps so, left-wing and right-wing governments everywhere have cast aside their first concerns of China, because” their passions are aligned” with those of Beijing, says the Peterson Institute’s Ms de Bolle:” They have lowered their shield out of sheer necessity”.

Reuters People walk at the venue of the Asia-Pacific Economic Co-operation (Apec) summit in Lima, PeruReuters

Given that Beijing has now “established a pretty strong grip” in the region at a time when President-elect Trump wants to “rein in” China, Ms de Bolle claims that this turn of events is a warning to US interests.

She adds that most nations want to stay on the right part of both great power, and that” we will eventually start to see the US putting stress on Latin America.”

The place is told that it has no choice but to be forced, which would be very foolish.

Due to the diplomatic free trade agreements that Trump may try to renegotiate or even renounce, South American nations like Peru, Chile, and Colombia would be under pressure in the future.

They will closely watch the United States-Mexico-Canada Agreement ( USMCA ), which will be reviewed in July 2026 but will be the subject of negotiations in 2025.

Whatever happens, Prof Méndez of the London feels that the place needs more co-operation.

” It should n’t be that all roads lead to Beijing or to Washington. He says Latin America needs a clear local strategy and needs a more tactical approach, not to mention the difficulty of getting 33 nations to agree on a common strategy.

Eric Farnsworth, vice-president at the Washington-based Council of the Americas, feels that there is still much kindness towards the US in Latin America, but the country’s “massive wants” are not being met by its northern ally.

According to him,” the US needs to up its activity in the region because individuals would choose it if there was a viable alternative to China.”

He sees some trust from the incoming Trump presidency, particularly with Marco Rubio’s appointment as secretary of state, unlike many others.

Rubio claims that there is a real need to make economic connections with the Western Hemisphere in a way that has n’t been done in a while.

However, Latin America has historically been seen as a largely illegal immigration and illegal drugs for subsequent US presidents. There is little evidence that the US will change its mind anytime soon, especially given that Trump is so fixated on ideas to arrest record numbers of immigrants.

Latin America is gearing up for a slippery four decades, just like the rest of the world, and it is vulnerable if US and Chinese trade negotiations break out.

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Minimum wage to ‘hit B400 as NY gift’

As a New Year’s Day present for employees, the Labour Ministry wants to raise the everyday wage to 400 ringgit per person on January 1.

According to a supply at the Ministry of Labour, details have been made about the government’s plans that have increased the minimum daily income to 400 baht throughout the country.

According to the cause, the department plans to put this strategy into action starting January 1. Establishing a new bilateral income section to remove the existing one has been decided in the running procedure.

On Tuesday, the government will make a proposal to the case for two new authorities representatives.

One of them will reflect the Ministry of Finance, replacing a previous Bank of Thailand professional.

If the government approves the proposed members, the new committee will join its first meet, possibly in December, to finalise details based on recommendations from the municipal compensation committee.

The goal is to bring the proposed date’s implementation of the new minimal income to its conclusion.

The labor secretary, according to the cause, has already reviewed the information and is expected to present them to the cupboard by the start of the year.

He added that there might not be a consensus at the organization’s first meeting in December. Therefore, a second conference is anticipated to result in a choice being reached by the month’s end.

According to the Finance Ministry, assistant permanent secretary Akkaruth Sandhyananda may get nominated as the agency’s agent.

The director-general of the Department of Labour Protection and Welfare will also be chosen to serve on the commission along with representatives from the employee and employer businesses.

The labor minister has strict control over the situation to ensure compliance with all applicable laws, so this plan is expected to go forward without issue, according to the cause.

While the new wage will apply nationwide, exceptions will be made for small and medium-sized ( SME) businesses which will be given a one-year adjustment period, said the source.

Former prime minister Thaksin Shinawatra stated in a statement on Thursday that the Pheu Thai-led government wants to reduce the country’s debt, raise the minimum daily salary to 400 baht, increase it to 700 baht, and increase the maximum monthly salary from 1500 to 25, 000 baht.

That will occur under the present state, he said.

According to Deputy Prime Minister and Minister of Defense Phumtham Wechayachai, the prime minister’s decision to implement the 400 ringgit stage before the year’s end is dependent on the president.

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All the reasons Trump should fire the Fed’s Powell – Asia Times

October’s jobs report helps clarify Donald Trump’s disaster electoral victory. For the first time since the post-Covid treatment, secret payments decreased.

American families, especially lower-income households, were crushed by inflation rates twice the officially reported levels. Nowadays, jobs are drying up. Standard readouts indicate that the economy is much worse than expected.

By awarding billion in so-called signal checks after the US market had now begun to recover from the 2020 Covid crisis, Biden set the worst inflation rate since the 1970s and probably since the US Civil War.

The Federal Reserve poured oil on the fire after pretending inflation was a problem for a year before jacked up interest charges. It should soon lower the federal funds rate by 2 percentage points, easing the burden on communities and the expenditure.

Graphic: Asia Times

Government statisticians claim that higher private use is to blame for the US economy’s continued expansion, but investment in both businesses and homes has remained stagnant. The American public did n’t buy the official version, because it just is n’t so.

Graphic: Asia Times

Somehow, Americans have managed to increase “real personal consumption expenditures” ( the calculation of consumption in the gross national product series ) without buying anything.

True financial profits, as reported by the Census Bureau, have been falling since 2021, while private consumption keeps rising. The actual retail sales report’s and the private consumption estimate’s are the largest ever gap ever found.

The US market is much weaker than federal researchers state, which is the most likely reason and one that corresponds to the experience of most American families. Private consumption is significantly lower and inflation-adjusted use is significantly higher.

So, Trump may now be living in a crisis as a result of the Biden administration. And it is continually being given by the Federal Reserve.

The current prices is NOT the result of excessive credit generation, as opposed to the prices of the 1970s. According to the Bank for International Settlements, which releases weekly data through March 2024, the US personal sector’s complete record has decreased over the past few years.

Biden’s campaign to pay voters with massive subsidies contributed to this inflation.

Graphic: Asia Times

When the cost of higher interest payments to American homes is added in, Lawrence Summers, the Treasury Secretary for Barack Obama and Lawrence Summers, the former president of Harvard University, calculated prices at 18 % in 2022. It still rises to 8 % today.

Graphic: Asia Times

Credit card debt outstanding exploded after Covid, rising from about$ 800 billion to nearly$ 1.1 trillion. Higher interest rates, however, were the actual kick. Between 2021 and 2023, the average interest rate on revolving credit increased from 14 % to 22 %.

Graphic: Asia Times

When the interest charge on revolving credit is divided by the outstanding balance, it becomes clear that average home interest payments on credit accounts increased from about$ 100 billion in 2020 to approximately$ 225 billion in 2023.

The New York Federal Reserve’s study of consumer credit shows that past-due credit card balances now exceed 11 % of the full, the highest degree in 10 years, while criminal car loans are about 5 % of the total.

Graphic: Asia Times

Additionally, prices caused higher taxes on income earners by putting them in higher tax brackets. Personal income tax revenues increased significantly more quickly than the minimum GDP.

At the top of 2020 prices, US citizens were paying$ 400 billion a year more in federal income taxes than the level of GDP do had predicted.

Graphic: Asia Times

The Fed’s whipsaw is also the main cause of budget considerations. Interest obligations on federal loan doubled as a result of Biden’s spending spree and Fed’s excessive reaction.

Graphic: Asia Times

Jerome Powell, the main perpetrator of the monetary policy blunder, has declared that he wo n’t step down from office before 2026.

It’s not clear whether President Trump will be able to inspire Powell to left sooner. However, the President-elect needs to explain to the British people why they are in this mess and who was responsible for them.

Observe David P Goldman on X at @davidpgoldman

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Snap Sri Lankan election poses test for new leader

Reuters Polling officials and police officers carry election materials after collecting them from a distribution centre Reuters

Sri Lanka’s 17.1 million voters head to the elections once on Thursday to vote in snap legislative elections, scarcely seven weeks after choosing a new president.

More than 8, 800 individuals are in the battle in an vote marked by a low-key plan.

Voting begins at 07: 00 local time ( 01: 30 GMT ) and ends until 16: 00 ( 10.30 GMT ). The benefits are anticipated on Friday and will begin the night counting.

Out of 225 votes in the legislature, 196 MPs will get directly elected. The remaining candidates had been chosen by political parties based on equal representation’s vote count.

Getty Images People queue at a polling station before casting their ballots to vote in Sri Lanka's parliamentary election in ColomboGetty Images

” Over 8, 800 individuals belonging to 49 political parties and 284 separate teams are contesting the votes but only around 1, 000 individuals have deliberately campaigned”, Rohana Hettiarachchi, senior director of ballot monitoring group Women’s Action for Free and Fair Elections, told the BBC.

High inflation, food and fuel shortages precipitated a political crisis in 2022 which led to the ousting of President Gotabaya Rajapaksa. His successor Ranil Wickremesinghe managed to negotiate a bailout package worth $3bn with the International Monetary Fund – but many Sri Lankans continue to feel economic hardship.

” We continue to deal with the issues that we once faced. We still do n’t have financial help even to fulfil our daily needs”, 26-year-old garment factory worker Manjula Devi, who works in the Katunayake Free Trade Zone near Colombo, told the BBC.

In Sri Lanka, there are currently 25.9 % more people living below the poverty line than there are. The World Bank projects a 2024 economic growth rate of merely 2.2 %.

” Sri Lanka has still not recovered from the 2022 financial problems, even with the IMF loan”, Raisa Wickrematunge, assistant director of Himal Southasian publication, told the BBC.

The Sri Jayawardenapura General Hospital, a public hospital, is turning off its fans and lighting in an effort to lower skyrocketing energy prices.

The nation made its initial default on its foreign debt in 2022, obliging it to get debt restructuring agreements.

Spectators expect a multi-cornered competition in the general election, which may eventually thorn the chances of President Anura Kumara Dissanayake’s group, Janatha Vimukthi Peramuna, enacting ambitious reforms.

He does struggle to find two-thirds, according to experts, and may need coalition support. This may make his task much more hard”, says Raisa Wickrematunge.

There have n’t been any reports of poll-related deaths or significant misuse of government resources during the election campaign, which has largely been peaceful.

” Violence is small compared to previous votes. It will be quiet votes”, hopes Rohana Hettiarachchie.

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Good time to recall what exactly makes a republic – Asia Times

With concerns over oligarchy, mob rule, a breakdown of equal protection under the law, and the supremacy of citizens ‘ ability to decide the fate of the country, the US presidential election of 2024 was viewed as a crucial test for the country’s political system.

There is no justification for the United States to be immune from full falls throughout history. That fear frequently leads to a passing glib mention of the Greek democracy or the Roman Republic’s close.

But there’s a deeper story: States came into being much earlier in Middle Eastern and Mediterranean societies. And as we try to understand the issues and opportunities, we can use many more examples to guide our understanding.

A real state is a social system without king or focus political energy in any office, branch, or personal. With individual branches of government providing checks and balances, elected representatives represent people and influence decisions on their behalf. In the early days of nations, a far wider range of power structures emerged in contrast to the traditional republics.

Republikas gradually gained popularity as the international standard after World War I, and the majority of previous German colonies formally recognizing their independence in the following century. Nazi and communist countries, which centralized strength in people or ruling events, likewise reduced in quantity.

Despite their concentration of power, however, some fascist and socialist states claimed the title of republics, and while 149 countries out of 193 identify as republics now, much less retain democratic principles and mix them properly with politics. Considering the nations ‘ historical evolution, which ones are best suited to serve as the most resilient modern example?

In sparsely populated economic cultures, states require frequent meetings and assemblies, which makes it difficult to establish them, and empires typically concentrate power very greatly for self-rule. It was in smaller city-states, especially trade-focused people, where citizens may kind factions, exchange ideas, and control government decisions and rules for business.

Some of the earliest experiments with republican governance appeared in ancient Sumerian city-states ( 4500–2000 BC ), centered in modern-day Iraq. Kingships shared energy with royal families and groups, as well as with regular citizens, more as negative arbitrators than rulers. In Kish, residents may appoint a new monarch during catastrophes, while in Uruk, meetings of townsmen and elders had to accept big military decisions.

The Sumerian city-states fell to the Akkadian and Babylonian Empires by 1750 BC, but Phoenician city-states, emerging about 250 years afterward in what is now Lebanon, revived democratic principles. A trader class and citizen council were frequently tasked with a dynastic power in this country. Ancient records from the middle of the fourteenth century BC mention alliances and help requests from the “men of Arwad” and “elders of Irqata” as well as Egyptian records that show Ancient cities sending delegates to symbolize citizens more than monarchs.

By the 6th century BC, the Ancient city of Tyre had functioned for seven years without a king, governed rather under suffetes, or courts, elected for little words. In Chios, a “people’s council” allowed citizens to debate laws and hold officials accountable.

However, beginning in the 9th century BC and continuing over the next few centuries, Phoenician city-states were successively conquered or subjugated by the Assyrian, Babylonian, Persian, and Macedonian Empires.

Like other civilizations, Phoenicians established colonies and trading posts. Carthage, founded by Tyre in 814 BC in modern Tunisia, grew into a powerful city-state with its own republican features.

The monarchy had been replaced by two elected suffetes from aristocratic families in the early 7th century BC. While younger merchants could gain influence and a popular assembly gave citizens the opportunity to voice their opinions on important decisions, they were governed alongside an aristocratic Senate. Additionally, religious and military leaders had a lot of power.

Republican ideals were n’t confined to Mesopotamia and the Mediterranean. In ancient texts, including the Maha Parinibbana Sutta, Indian republics called Gana-Sanghas were mentioned in 6th-century BC.

Some adopted republican styles of government, while others formed republican confederations, like Sumerian and Phoenician city-states, to make decisions collectively and protect against larger threats. The Indian republics were gradually absorbed by the Maurya Empire ( 321–185 BC ) and other entities.

Ancient Greek city-states also developed republican ideals. Although Parta was largely monarchical throughout the region, it still had a constitution and popular assembly as of 600 BC. Athens established a direct democracy in 507 BC, known as demokratia, meaning “people” and “rule”.

Greece’s slave-based economy allowed some citizens time to participate in politics, though this limited political fairness. In 431 BC, Attica, the region surrounding Athens, had an estimated population of 315, 000, of which only 172, 000 were citizens, and just 40, 000 male citizens could vote.

Still, Athens’s democratic system allowed these citizens to frequently debate, deliberate, and vote. The Council of Five Hundred, which was chosen annually by lot to draft laws and oversee administration, supervised them.

However, following Athens ‘ Golden Age, 4th century BC Greek critics like Plato and Aristotle and later historians like Polybius criticized the system for ineffectiveness and vulnerability to charismatic leaders, which sparked irrational policy decisions.

They emphasized balancing public, aristocracy, and monarchical roles to avoid the typical political cycle of chaos and order: first, a strong leader unites a restive society under a monarchy, which evolves into tyranny. It is overthrown and replaced by an aristocracy, which reduces into oligarchy. The cycle is resurrected by democracy after it eventually takes its place but turns into mob rule.

Invasions further weakened Greece’s republican and democratic systems, including in 338 BC, when Greece fell under the control of the Macedonian Empire, ending the independence of many city-states. Despite this, Greek republics created republican confederations to shield themselves from threats, including the nearby Roman Republic.

The term republic derives from the Roman res publica, meaning “public affairs”, emphasizing shared governance, civic participation, and checks and balances. Since its founding in 509 BC, the Roman Republic’s political structure had evolved considerably.

Two consuls were elected and held executive power, as opposed to an aristocratic senate, in Rome, where two tribunes were elected annually to represent the common citizens.

Romans were skeptical of Greek democracy, especially in Athens, due to its instability, infighting, and mob rule. Carthage’s republic sounded overly commercial and lacking in the civic fervor the Romans valued.

This loyalty was central to Rome’s military, staffed by a citizen army motivated by shared rewards. In contrast, Carthage’s strong, citizen-led navy protected trade routes, but its reliance on mercenaries for land campaigns made them costly and unpredictable.

The ability to rebel against Roman rule was diminished by these circumstances. By 146 BC, Rome defeated both Greece and Carthage, cementing its dominance and expanding political system. Polybius suggests that Rome’s success over Carthage was partially due to its powerful, aristocratic Senate, while Carthage’s policies were increasingly shaped by popular influence. He argued that the majority in Carthage favored the influence of the elites over Rome’s decisions.

Yet by this time, Rome was approaching its Late Republic phase. The scholar Harriet Flower’s research argues that the Roman Republic was n’t a single entity but a series of six republics, each with unique political characteristics. The idea of a single Roman Republic has also been criticized by some, dividing it into three distinct periods with changing power structures.

The Early Republic ( 509–367 BC ) was marked by tensions between patricians (aristocratic elites ) and plebeians ( common citizens ). Significant reforms were resulted from the fight for plebeian rights, including the establishment of tribunes, which were frequently elected by the Concilium Plebis to represent common interests.

During the Middle Republic ( 367–133 BC ), the Licinian-Sextian laws of 367 BC were passed to again alleviate tensions between patricians and plebeians, limiting patrician land ownership, providing debt relief for plebeians, and ensuring that at least one of the two consuls was a plebeian. However, political power increasingly concentrated in the Senate, undermining these reforms.

Rome’s military victories over rivals in the Late Republic, which occurred between 133 and 31 BC, coincided with the rise in the number of regular citizens serving in court, particularly jurors. Yet the republic was plagued by social conflict, corruption, and civil unrest.

Sulla’s march on Rome in 88 BC and his curtailing of the tribunes ‘ power exemplified rising instability. After, figures like Pompey in the’ 70s BC and Julius Caesar in 59 BC began consolidating power, further undermining republican values. In 27 BC, Augustus formally transitioned Rome into an empire, while maintaining the illusion of republican traditions.

By backing Augustus, supporting dictatorial powers, and reluctance to impose legal rules during times of crisis, Roman orator Cicero, a well-known proponent of the Republic, unintentionally contributed to its demise, highlighting the dangers of sacrificing republican ideals to manage unrest. For the next few centuries, republican ideals were largely sidelined.

Feudalism and monarchies spread throughout the former Yugoslavian Empire’s territories and peripheral areas after its collapse in 476 AD. This instability nonetheless allowed new republics to emerge, such as Venice, founded in 697 AD.

It maintained a 1, 100-year run as a republic through a political system that encouraged merchant participation and representation, shrewd diplomacy, social mobility, community cohesion, and an extensive trade network. In 1797, France finally conquered it.

During the Italian Renaissance ( 14th to 17th centuries ), urbanization, advancements in communication, and Enlightenment ideals enabled the rise of new city-states. Republican systems were established by merchant classes and other groups as alternatives to European monarchies elsewhere.

However, they were ultimately overthrown by empires, partly because they were unable to take advantage of the expanding Atlantic trade routes, which had diminished the importance of the Mediterranean.

Republics were not confined to Europe. When Chinese settlers recruited by local sultans for mining formed companies to protect their interests, the Kongsi Republics in modern-day Malaysia, particularly the Lanfang Republic, were established.

They eventually developed into autonomous regions with elected leaders and various levels of democratic control. The Lanfang Republic was eventually overthrown by Dutch colonial forces in 1884, with the remainder being absorbed by treaties or militarily overthrown by the end of the century.

The large-scale republican state resurrected following the founding of the United States. The US officially became a constitutional republic in 1787, attempting to end the monarchy while avoiding a tumultuous direct democracy.

The founding fathers established a mixed system, balancing the right to the vote and protecting the aristocracy with the right to demand the government’s consent ( though it was only for white male landowners ). Similar discussions in post-Revolutionary France after 1789 followed the ongoing debates over constitutional amendments and democracy expansion.

Today, many republics exist, but their authenticity and stability can be compromised. Being conquered imposes outside authority, while others pursue foreign expansion themselves, centralizing control and subjugating other territories.

Republics such as those in 16th century Netherlands, 17th century England, and 18th century US and France grew into empires or reverted to monarchies, adapting in ways whose lessons are still relevant today. These expansionist policies, often justified as essential for wealth and security, led to the abandonment of certain republican and democratic principles.

Republics can also shift toward authoritarianism, with modern policymakers perceiving more open democratic systems as unstable and vulnerable to manipulation.

In recent years, China and Russia have seen reductions in public accountability, civil liberties, meaningful political participation, and concentrations of power behind Xi Jinping and Vladimir Putin.

In North Korea, power has been concentrated in the leader’s office since its founding, with leadership passed within the Kim family. Since the 1990s, there has been a dynasty under the Aliyev family in Azerbaijan, with concerns that Turkmenistan may follow.

Countries with strong presidential systems, common in the Americas, risk concentrating power in the executive branch. Fixed terms limit the removal of unpopular leaders, since, unlike in parliamentary democracies, no” confidence vote” mechanism exists for crisis situations. Partisan loyalty can also weaken checks and balances, and coups can be common.

For representation and collective decision-making, alliances and federations of Greek city-states, such as the Achaean and Lycian Leagues and the Native American Iroquois Confederacy, influenced concepts like the US Constitution and European Union ( EU).

The statement that the US is” a republic, not a democracy” reflects the original aim to keep political power within the states rather than the federal government. However, authority has increasingly centralized in Washington, DC, reducing state sovereignty, tensions mirrored in the EU between individual states and Brussels.

The influence of billionaires and corporations on the political process, government corruption, and the decline of social mobility are also possible causes of political apathy and extremism. Social media platforms offer a greater level of political participation, but they are becoming more vulnerable to disinformation from big tech and political actors, which opens up new ways for democracies to veer away from mob rule.

Countries still navigating the governance structures in their own contexts reflect the historical diversity of republics today. Kazakhstan, initially authoritarian, has seen some shift toward a more balanced system with a more powerful parliament following popular protests in 2022, though it remains less democratic.

Similarly, Singapore, often described as authoritarian, is still considered a republic due to some checks and balances, maintaining a blend of controlled leadership and political structure.

An informed and engaged citizenry, supported by a strong economic base, is essential for a successful republic. Citizens must feel the benefits of their system, and these must endure through fair elections, the rule of law, and due process. Wide-ranging trade networks and adaptable alliances are essential to successful foreign policy, as is a strong military and avoiding military overreach or falling into the trap of foreign conquest.

Historically, empire and monarchy have been more common than republics, shaping world order through hierarchical and anarchic systems. Republikas can govern more democratically by cooperating in a manner akin to that of ancient confederations, which is intended to support the sovereignty and equality of nations.

The Achaean League and Lycian League consisted of states with varying political systems cooperating within a loose, republican-style confederation. Countries can work together under common principles and gain a voice in the global system through modern blocs like the EU, ASEAN, and the African Union.

Direct democracy has meanwhile increased in domestic politics in the 2010s as more popular referendums on legal and constitutional issues have been conducted around the world, especially in Europe.

Direct democracy is becoming more evident at regional and local levels, even though larger republics like the US, Germany, and India still largely avoid national-level votes on important issues. Due to the rushed nature of ballot initiatives in states like California and Arizona, which give little time for meaningful discussion, deliberation and integration still suffer.

These referendums have recently become more popular and offered a substitute for traditional political processes thanks to modern citizen assemblies, which are based on those that were founded thousands of years ago.

They have influenced major policy changes, such as climate policies in France to abortion laws in Ireland, with assemblies, typically convened by legislative bodies in partnership with nonprofits, designed to reflect demographics. While they have led to concrete policy shifts, some recommendations have not been adopted, with lawmakers citing the importance of expert-led decision-making.

With the US election behind us, reassessing republican ideals, both domestically and globally, is crucial. How the GOP implements policies will ease or amplify concerns as it potentially takes control of all three branches of government in a divided country.

The US’s ability to influence the world and implement its influence in accordance with democratic principles will determine the country’s future.

John P Ruehl is an Australian-American journalist living in Washington, DC, and a world affairs correspondent for the Independent Media Institute. He is a contributor to several foreign affairs publications, and his book, Budget Superpower: How Russia Challenges the West With an Economy Smaller Than Texas ‘, was published in December 2022.

Human Bridges provided the Independent Media Institute with permission to republish this article.

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​Biden funding request will tell the tale for Ukraine’s future – Asia Times

President Joe Biden will beg Congress for more funding for Ukraine, according to Jake Sullivan, the national safety council’s leader. &nbsp, The death of this demand, if it is really put forward, will likely be a bellwether&nbsp, for Ukraine’s potential.

No exact numbers have been provided for a request for money from Ukraine by the White House or the NSC thus far.

With a still-family-friendly Congress, Biden and his officials hope to pass a assess for Ukraine. &nbsp, It is, however, not at all sure he can become powerful.

If the estimate is submitted and rejected, or just not acted on, Zelensky in Ukraine may be faced with a tough three-way choice: deal with the Russians, come down in flames or withdraw from office.

The present Congress has shown a respectable support for Ukraine, having supported at least one and possibly both chambers under Democratic control in January. &nbsp, Past actions have passed both the Senate, which now is controlled by Democrats but will be Republican-dominated starting in January, and the House of Representatives, which is led by Republicans and expected to continue that approach. &nbsp,

Trump’s support for the president will be a crucial factor yet before he takes business. Trump may question his Republican colleagues to just drop to proceed a measure in the House, largely postponing its consideration until his administration takes office if he opposes more Ukraine aid, which is a real possibility.

According to this article, support for Ukraine is still accessible for roughly$ 3 billion in funding approved by Congress.

In January of this year, Biden requested an additional&nbsp,$ 60 billion &nbsp, in emergency funding to support Ukraine. This act was part of the&nbsp,” supplemental investing” &nbsp, bundle, which also included funding for various government interests such as disaster relief, border security and defense investing. The&nbsp,$ 60 billion &nbsp, was particularly allocated for Ukraine’s ongoing military and humanitarian assistance.

The essential parts of the invoice included:

  • $ 24 billion &nbsp, in&nbsp, military aid, including ammunition, weapons systems ( fighter jets, air defense systems, etc ), training and logistics support,
  • $ 14 billion &nbsp, in&nbsp, economic aid&nbsp, to stabilize Ukraine’s economy and help maintain essential government functions,
  • $ 8 billion &nbsp, in&nbsp, humanitarian assistance&nbsp, for refugees, displaced persons, and medical aid, and
  • additional funding for energy system, restoration and bolstering Ukraine’s long-term security features.

Voting in the House of Representatives

The&nbsp, House&nbsp, of Representatives, particularly under the leadership of&nbsp, Speaker Mike Johnson&nbsp, ( who took over after Kevin McCarthy’s ousting in October 2023 ), faced fierce debates over the Ukraine funding. By January 2024 criticism from within the&nbsp, Republican Party, specifically from more traditional parties, &nbsp, had solidified around ending or reducing US aid to Ukraine.

Vote outcome: The&nbsp, House voted 216-212&nbsp, to approve the$ 60 billion Ukraine funding package as part of a broader supplemental funding bill.

  • Republican criticism: A considerable number of&nbsp, Republican&nbsp, people voted against the support offer, especially those from the&nbsp, Freedom Caucus&nbsp, and other conservatives who opposed continued international investing. They argued that US national priorities should be prioritized over domestic issues like debt reduction, inflation, and border security.
  • Democratic support: Most&nbsp, Democrats&nbsp, voted in favor of the package, with Ukraine aid being a central issue for them as part of their broader foreign policy priorities.

The vote in the House was &nbsp, extremely close. The administration made the claim that Ukraine was triumphing in the war at the time of the vote. The national security community holds the position that Ukraine will have to negotiate with Moscow, and that claim is no longer valid.

Senate vote

The&nbsp, Senate, which has traditionally been more supportive of Ukraine’s defense efforts, passed the same$ 60 billion aid package with greater bipartisan support, though there were still some Republicans who voted against it.

  • Vote outcome: The&nbsp, Senate voted 74-22&nbsp, in favor of the bill, with&nbsp, bipartisan support&nbsp, largely coming from the&nbsp, Democratic caucus&nbsp, and moderate Republicans.
  • Republican opposition: While the opposition was still significant in the Senate, especially from conservative Republicans such as Senators&nbsp, Rand Paul, &nbsp, Josh Hawley and&nbsp, J. D. Vance, who have become vocal critics of U. S. involvement in the Ukraine conflict, the majority of Republicans voted in favor of the package.
  • J. D. Vance is now the Vice-President Elect.
  • Democratic support: Most&nbsp, Senate Democrats&nbsp, voted in favor of the bill, consistent with their support for Ukraine.

If Republicans were to win more money for Ukraine, it’s not clear whether that would be a majority in the Senate. Trump might argue that he needs the most control over Ukraine and ask that the Senate and House prevent the Senate from approving any funding measure at this time.

Money bills traditionally have to originate in the House of Representatives. The Senate might never consider the Biden request if the House moves a funding measure.

Consequences

Under current conditions, President Biden’s funding request for Ukraine is unlikely to be approved, at least not now. &nbsp, Even if the money becomes available, the US has few weapons it can afford to share with Ukraine. &nbsp, &nbsp,

What weapons do allies occasionally need from the US? &nbsp, For example, in late 2020, the US authorized the sale of 64 ATACMS and 11 HIMARS M142 launchers to Taiwan. &nbsp, Following adjustments to its defense priorities, Taiwan later increased its order, ordering an additional 18 HIMARS systems and raising its ATACMS order from 64 to 84 units.

The first ATACMS missile deliveries for HIMARS have already been made to Taiwan, according to this report. The HIMARS launchers arrived in early November. Other countries including&nbsp, Estonia, Latvia, Lithuania and Morocco also have requested&nbsp, HIMARS and ATACMS missiles. While the Pentagon and White House claim&nbsp, there are enough HIMARS and ATACMS, &nbsp, the fact is that if an actual conflict occurred elsewhere, particularly in the Pacific, HIMARS and ATACMS missiles would be needed.

Likewise there are shortages of anti aircraft systems, missiles for Patriot and ammunition in various calibers .&nbsp, It will take some time, measured in years, to replenish stocks of ammunition and weapons.

The US could hand over its weapon ‘s&nbsp, stockpiles in Europe, but doing so would effectively disarm US troops and weaken NATO crucially. &nbsp, Therefore doing that is highly unlikely.

In the end, Biden’s request is mostly a Hail Mary pass before he is replaced in late January.

Zelensky will undoubtedly realize that American support for Ukraine is at a turning point, and that Washington’s efforts to woo Ukraine wo n’t succeed in getting more. We’re not sure whether that will convince him to talk to the Russians. But as Ukraine is on the verge of collapse, Zelensky may take the diplomatic route, or he may resign.

Former US deputy undersecretary of defense Stephen Bryen is a recognized authority on security strategy and technology. This article originally appeared on his Substack, Weapons and Strategy. It is republished with permission.

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Issuing limits for Singapore government securities, Treasury bills raised to S.5 trillion

FISCAL POSITION IS NOT APPLICABLE RAISING LIMIT.

Additionally, he claimed that government expenses are not funded by the proceeds from these assets ‘ release.

According to him,” the government does not use for systemic spending needs, so as not to burden our upcoming generations who will have to pay the debt incurred by current and former generations.”

The president’s fiscal location is not affected by the increase in the spending cap.

Under the Significant Infrastructure Government Loan Act ( SINGA ), Singapore only borrows money to finance nationally significant infrastructure projects, unlike other nations do so for recurring spending.

Less than 2 % of the total amount borrowed by SINGA is actually made up by the state, and SINGA has a different loans cap. &nbsp,

Mr Chee added that Singapore’s total debt-to-GDP amount may seem large, but it does not fully reveal the country’s economic position as it does not regard Singapore’s assets, which outweigh its debts.

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Rubio brings China Realism to the State Department – Asia Times

Marco Rubio will be the next Secretary of State in the following Trump presidency, according to press reports.

The senior senator from Florida offers as a vocal China hawk, like the whole of his Democratic gathering, but with a essential difference: In September, Rubio published a 60-page statement,” The World China Made“, with a complete and painstakingly researched study of China’s financial success.

Some observers have already speculated that Nixon’s 1972 China trip might be influenced by the hiring of a seasoned China hawk like Rubio.

According to this theory, Secretary of State Rubio could negotiate with China without making any claims that he would sell out, and Secretary of State Rubio could do the same. Without second-guessing the incoming president’s negotiating strategy with China, Rubio’s published thoughts about China speak for themselves.

Full disclosure: the report cites Asia Times and this writer in particular, including our groundbreaking analysis of China’s export success in the Global South. By creating supply chains for Vietnam, Mexico, India, and other nations for export to the United States, China evaded Trump and Biden tariffs by building factories in third countries.

A bright line divides realists from Utopians among Washington’s China hawks. According to neoconservatives like Dan Blumenthal, well-known figures like Gordon Chang and Peter Zeihan, and real believers like former US Secretary of State and CIA director Michael Pompeo, China is about to collapse, and the US should prepare to do so militarily and economically.

If the US had shut down ZTE, he claimed, he would have led a group of unemployed engineers to march on Beijing and toppled Xi Jinping. A senior official from the first Trump administration told this writer in 2018 that the then-president had made a mistake by agreeing to that deal.

Realists on the other side of the coin may despise China and accuse it of scheming, but they acknowledge that it has made significant progress in both domestic and international trade. Rubio dismisses the utopian vision in the report’s conclusion as the best-informed among the realists:

Commentary on China’s economy swings wildly between extremes. On the one hand, the Chinese economy is often portrayed as deeply troubled, perhaps even on the verge of collapse. Stories in this vein emphasize China’s very high debt burden, slowing growth, distressed real-estate sector, and aging population—all real problems. In an interview with Time magazine in June, President Joe Biden made the claim that China’s economy is “on the brink.” ‘ …

China’s export- and manufacturing-oriented development model may have been successful enough in the short term to push the country toward the cutting-edge of technology, but not enough to enable it to overcome its structural issues over the long term. Many in Washington favor this narrative because it brings back our Cold War victory.

Then, a revolutionary, dynamic, and capitalist United States triumphed over a repressive regime with a dysfunctional, gerontocratic political class and a failed communist economic system incapable of navigating the information age. Our country’s past success has led to a similar triumph, which is tempting to believe. We win, they lose. But an invincible belief in one’s own success is a recipe for complacency. And increasingly, this belief is at odds with the evidence in front of our faces.

Let’s say the United States ca n’t be complacent about Communist China if this report serves as a message. Think-tank scholars and economists may bank on China’s coming collapse. The wager is being flipped by Beijing. It believes that manufacturing, exports, and ‘ new quality productive forces’ are the keys to regime survival and indeed to the “great rejuvenation of the Chinese nation”. It thinks that modern technology and production will help it maintain its communist system while achieving wealth.

It has succeeded so far in establishing an alternative development path. But suppose today is the high-water mark of China’s power. Even in such a promising world, the CCP will continue to be a real, existential threat to American workers and industry for years to come. Additionally, Communist China will continue to be a formidable adversary unlike anything the US has ever faced. The CCP’s project’s critics, who claim that it is doomed to fail, should bear the burden of proof at this point.

Some highlights from Rubio’s report include:

  • In terms of industrial robot installations, China is the world’s top installers, with more installed in 2022 than the rest of the world combined.
  • Given the size of China’s manufacturing workforce and wage levels in comparison to those of the United States, China’s robot density exceeded our own in 2021, a remarkable achievement.
  • China’s extensive 5G telecommunications network, which consists of more than 3 million 5G base stations, makes it a leader in smart manufacturing.
  • Chinese entrepreneurs are assisting China in overcoming its reliance on imported tools and robots. Despite record installations, China’s imports of industrial robots have declined the past two years. This is due to Chinese companies ‘ steadily expanding business, which are thought to have had a 35.5 % domestic market share. share in 2022, up from 17.5 % a decade ago. China’s position is even stronger in the incredibly fragmented machine-tool market, wherein Chinese manufacturers will account for nearly a third of global production in 2022.
  • Chinese businesses are establishing sophisticated factories that will enable them to enter foreign markets and halt criticism of export practices.

Rubio’s message is that the United States must make extraordinary efforts to stay ahead of China and that it should n’t believe that a pen-waving device can stop this technological behemoth.

It is not difficult to draw any conclusions about foreign policy based on this analysis.

Follow David P Goldman on X at @davidpgoldman

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Budget 2025: Falling short on economic dignity

  • Capex products: What the government will choose to spend money on and what the state will get.
  • Unless SMEs become more successful, pay will stay low for most staff

Often, we hear of the mismatch in salary expectations of fresh job seekers and starting salaries. The sad truth is that 60.8% of fresh graduates earned RM2,000 or less in 2010, and by 2021 – a good 11 years later – starting salaries were still RM2,000 or less for 59.6% of fresh graduates.

Budget 2025: Falling short on economic dignityThe 2025 resources is full of opinions and observations. What else can I contribute to what has already been said, then?

Maybe a reminder of what a resources, beyond the great bright numbers, really ought to reflect.

The latest administration, which had already established its principles in the Malaysia Madani perspective, emphasize six fundamental principles: sustainability, prosperity, development, respect, trust, and compassion, is currently in transition. However, Malaysia Madani was an “effort to travel and reestablish Malaysia’s dignity and splendor,” according to Prime Minister Anwar Ibrahim right away. “.

Anwar’s next year in business, with this being his second expenditure as prime minister and finance minister, was just one month away from releasing the 2025 Budget. The budget’s central point should then be financial dignity, &nbsp.

The typical prevent most commentaries pick on is the minimal fiscal room, with never-ending treatments of what the government ought to do to lessen the imbalance.

Despite our best efforts, we should remember that opex, which is the government’s obligation to pay for its businesses, including salaries and pensions, may be decreased in the near future. No matter how much, these obligations may be paid for. Therefore, the only series items that are of genuine effect moving forward would be the budget items – what the state is choosing to spend on, and what the nation will experience in return.

Choice issues, and the decisions made by this administration should be measured against the key factor, which is respect.

restoring what really counts

Lasting income:

The average wage of the bottom 50% of wage earners only went up by RM56 annually between 2010-2019. Economically speaking, this is society clearly signaling a depreciation for human capital.

Only the best 30 % of homeowners spend on ambitious goods and services, according to a recent statement from Khazanah Research Institute. If 70 % of us are merely trying to survive day by day, we may have a successful business.

Typically, we hear of the imbalance in earnings expectations of new job seekers and starting salaries. The sad truth is that 59.6 % of new graduates ‘ starting salaries were still RM2, 000 or less in 2010 and that 60.8 % of them earned less than that in 2021, which is still reasonably optimistic. Employers ( Okay, boomers ): are quick to point out that Gen Z are merely being impossible.

However, when inflation and living expenses are taken into account, we are basically telling our younger generation that they are for about half what they were in the previous century. Another depressing statistic is that between 2010 and 2019, the average salary for the lower 50 % of wage earners only increased by RM56 yearly. Financially speaking, this is community plainly signaling a loss for human funds.

The government attempts to control this by establishing a minimum wage, which is proposed in Budget 2025 to be increased to RM1, 700 per month starting on February 1st, 2025. Although RM1 700 is still far below what is considered to be a respectable wage, employers are now retaliating, as is expected.

]RM1 = US$ 0.227]

Most commentators fail to take into account the fact that pushing for higher wages is eventually hurt labor by encouraging companies to automate tasks that were previously performed by low-skilled workers ( For more information, see Alesina et al. Chu et al. ( 2018 ) ( 2020 ), Eckardt and Steffen ( 2021 ).

The state will need to reinvest yet more money in replacing the employees who have been replaced, which is a complex cycle. Although this should not serve as a cause for people to remain in low-skilled jobs, it does reduce the options for government legislation.

On the flip side, one should also consider if companies are only penny-pinching. According to data from the Department of Statistics Malaysia’s 2023 database, a fairer view may suggest that 96.9 % of our business organizations are unable to get much-needed capital.

Consider the fact that, according to Bank Negara Malaysia’s Monthly Highlights &amp, Statistics release, there were RM5.98 billion in mortgage programs for the manufacturing industry overall in September 2024. That is a RM2 billion gap in needed cash in just one month. It follows a similar style across various industries and through time.

This is in line with the rise in alternative fundraising ( i .e., peer-to-peer lending, equity crowdfunding, and venture capital ), which was valued at RM3.8 billion in 2023. The Securities Commission views this as a good, and rightfully so, but let’s also make sure we understand that these are RM3.8 billion worth of required funds that our businesses were never willing to fund.

The danger that lenders were unwilling to bear for P2P borrowing has now been transferred to the individual investors, who typically fall into the upper middle class and are above that level. Since P2P’s inception in Malaysia in 2017, regular people have provided SMEs with RM5.96 billion in total, with 98 % of the loans being working capital, compared to 2 % for business expansion. This may be no comfort if you are struggling with your pay test, but odds are your company is struggling also.

In summary, most of our workers wo n’t make much money unless our SMEs gain access to more capital and become more productive. Other than the request to restore small and medium banks, the budget specifically addresses these issues. The online banks may possibly fill these gaps, as several of them have announced the oncoming release of their company bank solutions specifically for SMEs.

Unsustainable family debts

The finance ministry is n’t all that worried, though, as our household debts totaled RM1.57 trillion as of June 2024, which is about 83.8 % of GDP. Countries like Australia, South Korea and Canada have household bills that exceed 100 % of GDP. However, no all debts are created equal.

Debts can be used as leverage to increase money for high-wage workers. With more Malaysians taking on next work, debt is good being used to finance fundamental needs. The funds grants additional cash assistance through the BUDI MADANI software despite numerous attempts to address this problem. One of a long series of overlapping social welfare programs, including those led by multiple functions, is this one. The best-case situation is these programmes provide some inhaling room but only a big programme like a Universal Basic Income can help restore the economic disparity within our society.

Given that our debt to GDP is now close to the self-imposed cap, the cost of funding for a program may be lower. I can just quote John Maynard Keynes ‘ wise statement,” Anything we can do, we may afford.”

Tax as an opportunity opposed duty as a sentence

Economics has a well-known proverb that says you get less from what you income. The idea is based on the idea that some activities can be dissuaded by income. By imposing levies on certain activities or goods, the government properly increases their charge, making them less appealing to individuals and businesses.

  1. Respect at work

Consider the proposal to provide a tax incentive for employers who adopt flexible working arrangements. Employees are clear that they strongly prefer flexible work arrangements. However, the findings are inconsistent. This is the a-wine-a-day research conundrum, in my opinion. For every research that says a glass of wine is good for you, you will be able to find another research that says otherwise. There are so many more benefits to providing a flexible work arrangement by default than just offering an office maintenance fee, the cost of commuter work, and the time and cost savings saved by parents with care-giving responsibilities. Instead of paying taxes on the ( few ) that choose to offer these incentives, the government should tax those who do n’t.

  1. Increasing productivity by maximising our human capital

Additionally, imposing a tax penalty will help with hiring women to work again. We should tax bad behavior rather than encourage good behavior. Not hiring a person because she has not worked for a certain period and has a gap in her resume is discrimination. Another issue is the specific tax incentive that applies to software costs when “implementing flexible work arrangements” is implemented. The government should n’t encourage remote employee monitoring with intrusive software.

  1. Carbon tax

The carbon tax’s introduction is both opportune and welcomed. With the introduction of the EU Carbon Border Adjustment Mechanism ( CBAM ), particularly for our steel industry, carbon taxes will be a burden on us in some way or another.

If we are going to have to pay, we might as well collect it ourselves. It is proposed that the proceeds from this carbon tax will support the development of decarbonization research. Without any information on the tax rate, it is impossible to predict the amount of revenue this will generate. Singapore imposes a carbon tax of SG$ 25/tCO2e currently, but started off at just SG$ 5/tCO2e. If we introduce a rate of RM5/tCO2e ( which is incredibly low ), the energy sector will receive about RM1.4 billion in tax revenue based on emissions from 2022.

The Federation of Malaysian Manufacturers ( FMM) has already expressed concern about the potential rise in electricity tariffs, but more details on the carbon tax should be forthcoming. &nbsp,

I do n’t understand how energy producers can absorb this without passing some of it on to consumers, given that 81 % of our electricity still comes from fossil fuel sources. Given that our energy mix is so low in carbon, there may be a carbon tax that can be levied at the production, distribution, or consumption stages.

Other areas worth mentioning

The Budget 2025 participants in the EV infrastructure industry probably feel a little underwhelmed. Other than the announcement of a sub-RM100k EV, there was no mention at all on further incentives for building out our EV charging infrastructure.

  1. Charge Point Operators experience no love.

The Budget 2025 participants in the EV infrastructure industry probably feel a little underwhelmed. Other than the announcement of a sub-RM100k EV, there was no mention at all on further incentives for building out our EV charging infrastructure.

I’ve previously covered the industry gripes, but my colleagues have a different perspective. A transition to electric vehicles is almost unavoidable, it is safe to say. That being so, we should be able to anticipate that all these vehicles need to be charged while idle ( i. e. overnight, while parked ), and not during transit.

I doubt any of these players will realize a return on their investments due to the rush to construct EV chargers along highways and in public spaces. Most people do n’t seem to understand this, but imagine a time when all EVs will be used in cars. Everyone is going to expect that they can charge their vehicles overnight, the same way we charge our phones and laptops to have it ready to go again the next day.

The main issue will be having enough energy capacity to charge millions of cars overnight, despite the fact that we can outfit every parking bay in every condominium and apartment building in the nation. Energy production and grid capacity are both at issue, not charging-pillar issues.

Ecological fiscal transfer gets a boost

    Half of the Ecological Fiscal Transfer Fund allocation - RM125 million- will be contingent on the performance of state government expenditures related to environmental preservation.

    The Ecological Fiscal Transfer Fund is proposed to increase from RM200 million to RM250 million, which is a 25 % increase, in Budget 2025. This boost is intended to aid state initiatives to protect wildlife and forests. Half of the allocation ( RM125 million ) will be contingent on the performance of state government expenditures related to environmental preservation. Additionally, the Orang Asli community received RM80 million to train and hire 2,500 forest rangers. a positive move.

    Overall, I feel the government is attempting to be bold but is doing it in liberal doses. Will this budget encourage everyone’s economic dignity and help them hit the reset button? Not entirely. In fact, I think many people will have further concerns on how the subsidy rationalisation will affect them, partly self-inflicted by announcements of the plan, without the actual plan itself in place.

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