Trump squeeze coming for vulnerably sandwiched South Korea – Asia Times

The Bank of Korea is often at the center of global financial discussion.

Despite Governor Rhee Chang-yong’s leadership, the team’s focus is on the US and Chinese economies’ respected markets and their respective markets, which are the two biggest imponderables for 2025.

Of program, Donald Trump’s returning to the White House ensures these two giants may meet, maybe creating a second unknown: a massive trade conflict the likes of which the globe has never seen before.

Rhee’s BOK is already on the spot thanks to local factors in Beijing and Washington, but both are already doing so. The chances of a US Federal Reserve rate cut at its policy meeting on November 28 are fluctuating, and they are decreasing day by day.

In any case, signs that US jobs growth may be slowing and that China’s home issue is continuing to cause depreciation support the case for a Fed easing walk.

Asian prices, meanwhile, is holding well below the BOK’s 2 % destination. According to the Korea Development Institute, a state-run think tank, “it appears that easing of monetary legislation through interest rate increases has been successful in reducing high prices since 2022.”

Yet Rhee’s selection is complicated by developments at home, especially near-record home loan amounts.

According to Ashok Bhundia, an analyst at the Institute of International Finance,” the central bank is in a difficult position where domestic demand is slower and inflation is below goal.” However, the decision is influenced by concerns about economic balance caused by high household leverage.

Bhundia’s bottom line is that “delaying the second level reduce will allow more time for evaluating the approaching US administration’s policy agenda and its possible impact on global trade, which had affect&nbsp, Korea’s growth and inflation outlook for 2025”.

As Trump 2.0 launches a 60 or more taxes on China, that plan may have a significant impact. And as Trump’s group slaps 20 % cover, across-the-board taxes on all products worldwide.

Trump’s government picks — including Robert&nbsp, Lighthizer, past and possible future business king — are mulling moves to degrade the dollar. This could be accomplished unilaterally by using aggressive currency market intervention or another” Plaza Accord” maneuver.

The dollar-yen pact that was used in this case was referenced in 1985. The top industrialized nations worked together to create it at Trump’s former hotel, the Plaza Hotel. Trump also wants to reduce the Federal Reserve’s independence, giving his White House influence over interest rate decisions. &nbsp,

Trump claimed in August that the Federal Reserve had “kind of gotten it wrong” in a number of ways. He continued,” I believe the president should have at least had a say, yeah. I feel that strongly. I think that, in my case, I made a lot of money. I was very successful. And I believe I have a better sense of instinct than those who would frequently serve as the chairman of the Federal Reserve.

More than a Group of Seven central bank, this is more typical of China.

Trump has previously mentioned avoiding paying the government’s debt. In 2016, while running for president the first time, Trump said this about US government debt:” I would borrow, knowing that if the economy crashed, you could make a deal. And if the economy was good, it was good. So therefore, you ca n’t lose”.

Remember that Trump filed for bankruptcy six times as a businessman. In light of trade tensions, the Trump 1.0 White House considered robbing Beijing of its debt. It is obvious why a financial earthquake of historical magnitude could result from the US national debt being twice the size of the Chinese GDP.

China, meantime, is juggling dueling crises in property, local government finances, high youth unemployment, rising in-person protests and weak retail sales. With all of this, Beijing now has a mix of both fiscal and monetary stimulus.

It’s a concern, though, that” China’s response to deflationary challenges remains cautious”, says Jonathan Garner, an equity strategist at Morgan Stanley. Even before Trump arrives, this will restore enormous trade conflicts.

How Rhee balances Korea’s current challenges with what’s to come in 2025 — whatever that might be — is an open question. And one that goes beyond the BOK headquarters ‘ decisions in Seoul.

Korea’s sizable, open and trade-reliant economy often serves as a weathervane for global inflection points. That’s why Korea’s” sandwiched” reality these days is raising more than a few red flags.

This predicament was arguably coined in 2007 by then-Samsung Group head Lee Kun-hee. At the time, Lee described Asia’s fourth-biggest economy as sandwiched between wealthy Japan and low-cost China.

Now, though, Korea is caught in the middle of something of a quadruple-decker sandwich. It’s squeezed between a Japan that’s raising rates, a China that’s slowing and an imminent” Trump trade” causing extreme dollar volatility.

Economists who are considering policy options concur that a case could be made for the BOK to ease next week but also that it should wait until January.

Recent Korean data, according to Capital Economics economist Shivaan Tandon, “was somewhat encouraging because it suggested that the worst is probably over for domestic demand.”

Others are less sanguine. Dave Chia, an economist at Moody’s Analytics, thinks soft third-quarter GDP results are” concerning and could lead to South Korea missing the BOK’s 2024 GDP growth target of 2.4 %”.

Seoul, though, must accelerate moves to batten down the hatches as the Trump vs Xi brawl begins. Korea Inc. will suffer significant collateral damage, despite China’s immediate immediate target.

A blanket global US tariff of 20 % would be disastrous for Korea, which generates 40 % of gross domestic product ( GDP ) via exports. Then there’s how the Trump revenge tour might imperil key Korean industries, not least autos.

Trump has threatened 100 % taxes on all Mexican-made vehicles. If Korean President Yoon Suk Yeol does n’t agree to big trade concessions, Trump might widen those levies to include Korean vehicles. Japanese autos, too.

In an effort to maintain the peace, Korea Inc. might try to placate Trump in the same way Japan did in 2017.

” If tariffs get raised, the first alternative firms can consider will be raising direct investment and on-site production”, Korean Trade Minister Cheong In-kyo tells Reuters. ” There are ongoing investments already, and there is a possibility that investment could accelerate, followed by an increase in US-bound exports by small and medium-sized parts manufacturers”.

Cheong emphasized that Seoul would increase efforts to foster trade diplomacy. ” We can only respond to the new administration’s policy”, Cheong noted. ” Nevertheless, we will make efforts for trade to remain smooth, with not only the United States but also China”.

In 2023, Korea’s trade surplus with Washington hit a record$ 44.4 billion, Seoul’s biggest imbalance anywhere. That’s unlikely to go unnoticed in Trump World.

With his approval rating&nbsp, around 20 % &nbsp, at the halfway point of his five-year term, it’s not clear how much latitude Yoon has to cave in to Trump’s demands for trade concessions.

And what if, as many believe, Trump’s real goal with tariffs is to force China into a “grand bargain” trade deal? On the one hand, if Korea can avoid the financial havoc that will come with a new trade war, that could be good for the country. A US-China deal might, on the other hand, leave Korea with no one to watch out for.

Politically, being left out of a US-China deal could be just as bad for Yoon’s support rate as the economic hit from Trump’s tariffs.

Then there are the ways China might retaliate, including driving the yuan lower. Apple, Walmart, and other important US companies could always be subject to a manufacturing tax from Xi.

Beijing could also dump&nbsp, large blocks &nbsp, of its$ 770 billion of US Treasury securities. Yes, China would be reborn as a result of the US debt yield surge. However, Xi might speculate that as Washington’s borrowing costs soar as the dollar falls, the US would lose more.

Korea— and the Kospi stock index — would be in the crossfire more than most export-driven economies. These dangers and other factors contribute to Rhee’s BOK staff’s potential dread of 2025. Yoon’s administration, too, as its lack of urgency in implementing vital reforms comes back to haunt it.

Unfortunately, Yoon is but the latest Korean leader to win power pledging a supply-side Big Bang only to fall short. &nbsp,

Over the last 15-plus years, Korean government after government got sidetracked by political squabbling and short-term concerns. Leader after leader turned to the BOK to repair economic flaws rather than rebalancing growth engines to increase competition and productivity.

If only Yoon’s predecessor Moon Jae-in had put some notable wins on the scoreboard to rein in the family-owned conglomerates, or chaebols, towering over the economy. Moon talked a great game of pivoting toward” trickle-up economics”, but achieved little.

The same went for Park Geun-hye, president from 2013 to 2017. Korea’s first female leader promised to build a more” creative economy” and reduce the economic power of chaebols.

She made a promise to make room for startups to start generating their own economic energy instead of going the way of the top. Park, too, achieved little.

Before her, Lee Myung-bak, president from 2008 to 2013, had his own bold plan to generate 7 % growth and make Korea one of the&nbsp, seven largest economies&nbsp, via disruptive reforms. It was all talk.

Korea ca n’t bring bold policies to level playing fields, boost productivity, empower women, and inspire young entrepreneurs to take bold risks in the last 15 years.

Despite all the excitement surrounding Korea’s startup scene, the chaebol-heavy business climate provides only limited economic support for businesses to grow.

Korea is currently dealing with an issue with its economy’s speed at the same time. China, for all its troubles, has been speeding up Asia’s economic clock — and increasingly so.

China continues to invest big in dominating the future of semiconductors, electric vehicles, aerospace, renewable energy, biotechnology, artificial intelligence, robotics and green infrastructure. &nbsp,

As China’s production capabilities increase, Korea is having a harder and harder time keeping pace with the region’s top export power and revamping its policy mix accordingly.

It’s not saying or articulating a precise plan for the moment if the Yoon administration understands this challenge.

Why Japan Inc. has such a difficult time adapting to rapidly changing global dynamics is if we overlook the fact that things are moving more quickly outside of its walls. Korea must do a better&nbsp, job keeping an eye on the time.

Seoul wo n’t waste a second when Trump and China are scheduled to invade Asia in two months.

Follow William Pesek on X at @WilliamPesek

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Deep Dive Podcast: Does the vet industry need greater oversight?

If you’re very sick and you do n’t have money, definitely you will be able to get treatment somewhere- it is illegal not to give you any treatment, right? And if you can pay for it, you can go for ( more expensive ) treatment. &nbsp,

Steven Chia, network: &nbsp,
But people will argue with you and say,” These are people versus animals, they are not the same” .&nbsp,

Angeline: 
As a society, we have to decide, do we treat ( animals ) like family or commodity? &nbsp,

Crispina Robert, network: &nbsp,
Recalling the rising prices, we learned that centres were being repurchased by private equity firms. Thus, Mars, a chocolate manufacturer, owns Mount Pleasant Hospital and the Animal Incident and Specialty Hospital. If the large kids are in the photo, they are going to prioritise income, right? Would that be a concern? &nbsp,

Steven:
But they could also reduce costs (using scale )? &nbsp,

Diana Chee, chairman at AVS: &nbsp,
Let me leap in these. I believe that most clinics offer a special rate to those who attend shelters or ( community ) cat feeders. &nbsp,

So those who are rescuing wildlife would likely receive a specialized rate from unique clinics. &nbsp,

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Locad raises US mil for smart digital logistics engine to expand globally

  • By Q4 2024, money may enable rise into the UAE and Saudi Arabia.
  • Since Series A, Locad has scaled its concept across SEA, Australia &amp, China

Locad cofounders (Left to Right: Shrey Jain, CTO, Constantin Robertz, CEO & Jannis Dargel, COO

Locad, a leading intelligent electronic logistics motor empowering consumer businesses with its Cloud Supply Chain-as-a-Service for international distribution, announced a US$ 9 million ( RM40 million ) Pre-Series B campaign co-led by Global Ventures and Reefknot Investments. Other traders include Sumitomo Equity Ventures, Antler Elevate, Febe Ventures, and JG Summit.

The funding may accelerate Locad’s global expansion, starting in the UAE and Saudi Arabia in Q4 2024 as part of its” Grow Global, Go Native” strategy for businesses, and further enhance its AI-driven shipping functions. Locad aims to build modern supply chain infrastructure, connecting manufacturers to customers in development areas through a integrated, cloud-based transportation system.

Through a seamless operating system and supply chain infrastructure as a support, Locad’s sky supply chain makes wise online shipping and empty trading possible for client companies. The company allows brands to join all sales channels in e-commerce and wholesale to a single share of stock and a bright logistics system, managed via its Control Tower orchestration platform, which provides real-time visibility, analytics, and AI-enhanced workflow automation.

Constantin Robertz, CEO and co-founder of Locad, said,” We are on a mission to enable smart digital logistics for consumer brands. In APAC, we have developed a cloud supply chain platform over the past four years that enables brands to integrate their omnichannel distribution and access localized fulfillment in growth markets in SEA and AU. We are now looking forward to expanding our business to other countries by expanding our footprint to the US and joining the GCC to facilitate brand distribution.

Noor Sweid, founder and managing partner of Global Ventures, said,” We are delighted to lead Locad’s funding round. With our goal of decentralized and resilient supply chains that are in line with our vision, Locad’s innovative engine is changing the way brands manage supply chains, enabling faster and more effective customer reach.

” Locad exemplifies this shift, offering localised, efficient solutions. We are confident it is well-positioned to capitalise on opportunities in evolving markets like MENA, embodying the future of agile, sustainable logistics”, he added.

Marc Dragon, managing director of Reefknot Investments, said,” We are excited to co-lead this oversubscribed round and deepen our commitment to Locad as they expand globally. Since our Series A investment, Locad has scaled its asset-light fulfilment model across Southeast Asia, Australia, and China while enhancing AI-driven features like demand, inventory, and carrier analytics &amp, optimisation”.

We are confident that Locad’s global expansion and innovation focus will add significant value to brands looking to expand internationally and improve customer experiences, he added.

Shrey Jain, co-founder and CTO of Locad, said,” By combining smart digital logistics with AI-driven insights, we empower brands to optimise supply chains by positioning inventory closer to demand, reducing delivery times, and improving customer satisfaction. In light of this fundraise, we can increase the efficiency and support brands in a dynamic business environment, further strengthening our tech-enabled logistics ecosystem.

Since its Series A round in 2023, Locad has grown significantly in size and scope, supporting over 300 consumer brands in Southeast Asia and Australia. The business improves customer experiences and operational efficiency by offering innovative digital logistics solutions. Its logistics engine seamlessly integrates with leading e-commerce platforms like Shopify, Shopee, Amazon, and TikTok, helping brands optimise inventory and delivery management across multiple sales channels.

Brands can expand their distribution through Locad’s platform as more markets are opened up by the GCC and the USA.

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Fox companies Good Foodie Media and Involve Asia are driving the MarTech industry forward

  • MarTech-driven e-commerce projected to reach US$ 7.88B by end-2024
  • Both businesses are driving business growth through MDEC’s Wolf Programme

Rene Menezes, president and co-founder of Involve Asia (1st from right) and Lim Pinn Yang, co-founder and CEO of Good Foodie Media (2nd from left) were panellists at the recent Endeavor Future Forum 2.0. (Picture credit: MDEC)

The evolving integration of technology across a range of industries to stay ahead is what is driving the modern economy’s transformation. With Malaysia’s aim for the digital economy to contribute&nbsp, 25.5 % to the nation’s GDP by the end of 2025, it underscores the crucial role of businesses including marketing technology ( MarTech ) and digital creative content in driving this upward trajectory.

The digital creative content segment alone generated an impressive US$ 1.2 billion ( RM5.6 billion ) in 2021 and the ecommerce sector, driven by MarTech, is expected to reach US$ 7.88 billion ( RM35.2 billion ) by the end of the year.

The Malaysia Digital Economy Corporation ( MDEC )’s national strategic initiative, which offers a myriad of enabling incentives for Malaysian businesses and Rakyat to play a leading role in the global digital revolution and digital economy, is a catalyst for the growth of these crucial digital economy segments.

The Founders Centre of Excellence ( FOX ) program, a bespoke program designed for specific businesses that showcase high-growth growth with the potential to become the next scaleup tech icons, has also been introduced in conjunction with the MD initiative. Important MarTech industry players, such as MD standing companies Good Foodie Media and Involve Asia, have been identified by MDEC as being at the forefront of the digital revolution and using their expertise to form and shape the online landscape.

The electronic economy is inventive

The expansion of information development during the pandemic opened up new opportunities for collaboration with in-demand designers. Through a varied approach that involves both publishers and articles creators, Good Foodie Media, a media company focused on food and cooking online content, has benefited from this synergy to assist brands promote their products. Consumer reliance on digital communication was further increased as a result of the pandemic, increasing Good Foodie Media‘s reputation as a reliable source of high-quality content.

The team behind Good Foodie Media unwinding at their recent company annual dinner after a successful year (Picture Credit: Foodie Media)

” During the epidemic, there were movements power purchases,” according to our advertising section. We changed our websites so that internet marketing could be implemented. In doing so, we were able to increase our profit and survive the challenging time. This has taught us to use our already-available tools in times of difficulty, according to Nicholas Lim Pinn Yang, co-founder and CEO of Good Foodie Media.

By properly integrating native consumer behavior with regional consumer behavior in the food and beverage sector, the system that seamlessly integrates articles with commerce has gained widespread support.

The platform has seen considerable success over the years thanks to the major success it has experienced since Lim’s founding in 2017 and several other co-founders since then. After receiving their first cash from an angel investor, they expanded into Kuala Lumpur, expanding from a 1, 000-strong fan base focused on the Penang cooking field to over 30 million users today.

With the major traction we had, we were able to rapidly rise up the ranks and gain access to Johor. He continues,” We therefore diversified our platforms to different verticals to meet people in different consumer demands, including Malaysia Homie, Bangkok Foodie, ChiHou, and Halal Foodie,” he adds.

” We’re working on creating a software program that seamlessly combines commerce and content with the goal of streamlining local consumer behaviour in the F&amp, B room,” according to our strategic hinge. With our 30 million-strong captive audience, we see this as a key opportunity to create an integrated experience that enhances engagement and drives growth in this sector” ,&nbsp, Lim said.

The second installment of Good Foodie Media’s advertising campaign, which partnered with Funding Societies, was launched in association with Maybank and PayNet in 2024. To time, Good Foodie Media has aided over 15, 000 MSME.

In the same year, MDEC gave Good Foodie Media the distinction of being a significant person in the country’s modern economy.

The online advertising market is on the rise.

The most popular online marketing and partner control program in Southeast Asia through the Squirrel program, Involve Asia, has revolutionized how brands and advertisers collaborate with publishers and influencers to create performance-based advertising campaigns. The platform has empowered over 500 brands to reach millions of consumers through its network of 400, 000 affiliate partners, driving a total transaction value of over US$ 1.5 billion ( RM6.7 billion ) since its establishment a decade ago.

Rene Menezes, president and co-founder, Involve Asia (2nd from right) receiving the Malaysia’s Affiliate Marketing Pioneer Award from Amiruddin Abdul Shukor, head of Corporate Services of MDEC. (Picture credit: MDEC)

” What sets Involve Asia off is its&nbsp, commitment to transparency, performance monitoring, and data-driven insight, making it a trusted partner for organizations looking to expand their digital footprint across the place”, says Rene Menezes, president and co-founder of Involve Asia.

Backed by popular opportunity capital and private equity firms like 500 Startups, OSK Technology Ventures, and Bintang Capital Partners, the company has established a solid presence across Asia, with offices across six countries including Malaysia, Indonesia, and Thailand.

Last year alone, Involve Asia raised over US$ 10 million ( RM44.6 million ) in funding to fuel its expansion and product development. The company’s remarkable achievement led to a 150 % annualised growth rate from its beginning stages to pre-IPO success.

The potential of MarTech has been successfully used by Involve Asia to spur growth and spur innovation in digital marketing. By integrating sophisticated equipment, Involve Asia optimises strategy management, enabling detailed targeting and real-time efficiency analytics. These abilities have enabled the business to implement effective strategies that have constantly yielded higher ROI for their clients, including data-driven influence marketing campaigns and highly personalized affiliate programs.

Their creative thinking and creative use of technologies have not only provided thousands of SMEs with new opportunities, but they also established new standards for the environment. The MarTech and online innovative industries act as catalysts for a more diverse and robust digital economy in addition to being growth drivers. These companies are maximizing the full potential of these sectors with MDEC’s proper support, ensuring overall financial growth. &nbsp,

These organizations are poised to remain at the forefront of the online business, supporting progress and enabling businesses to grow in an extremely competitive and technologically connected world as they continue to embrace and progress with the most recent developments in MarTech and electronic information.

For Malaysian online standing companies, MDEC offers a variety of programs. Work for this Malaysia Digital Status.

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pitchIN launches Malaysia’s first equity crowdfunding-focused microfund campaign 

  • Provides high-growth opportunities for Angel and Advanced owners
  • Supports M’sia’s rely on other money for early-stage businesses

From left: Lai Kai Bin, head of Equity Crowdfunding, pitchIN, Sam Shafie, CEO and co-founder, pitchIN, Christopher Wong Zhi Yi, director and founding partner, Spartan Ives Capital, Marcus Tan Kian Han, director and founding partner, Spartan Ives Capital and Linx Yap Ling Sze, associate, Spartan Ives Capital

pitchIN, Malaysia’s digital fundraising and investment hub, has announced the launch of Malaysia’s first Equity Crowdfunding (ECF ) -focused microfund campaign by Spartan Ives Capital, a registered Venture Capital firm with the Securities Commission Malaysia, managing US$ 61.5 million ( RM275 million ) in Assets Under Management ( AUM).

The Spartan Elevation Fund, which offers high-growth expense opportunities with minimal capital commitments solely to Angel and Advanced investors, was highlighted in a speech by pitchIN. Previously, participation in a venture capital fund was limited to Sophisticated investors, requiring a minimum investment of US$ 56, 000 ( RM250, 000 ).

We’re combining cutting-edge systems with conventional investment strategies by establishing a novel and visible investment opportunity with the Spartan Elevation Fund. This microfund lowers the restrictions for investors, enabling them to back some of Malaysia’s most convincing high-growth companies led by visionary and hard-working companies”, said Christopher Wong, producer and founding partner of Spartan Ives Capital.

By connecting traders with the next generation of business leaders,” we believe this account will not only enable local businesses but also contribute to Malaysia’s economy’s economic growth,” he added.

The Spartan Elevation Fund invests in nearby businesses hosted on the pitchIN platform to promote development. The bank maintains the flexibility to look into and follow another high-potential ventures outside the pitchIN ecosystem despite its core strategy focusing on ECF investment opportunities. This approach enables a sensible investment strategy by combining adaptability to broader market opportunities with focused support for crowdfunding companies.

This ECF-focused microfund is a delight to be included on our system. This program demonstrates our commitment to enhancing trader access to high-potential startups”, said Sam Shafie, co-founder and CEO of pitchIN.

The VC handles this on their behalf, so the microfund plan not just allows Angel and powerful owners to create a diversified portfolio, but it also eliminates the laborious process of identifying investment opportunities. He continued,” This strategy gives investors a more smooth and effective investment experience while accelerating the growth of Malaysia’s innovative ecology.”

The introduction of the Spartan Elevation Fund coincides with Malaysia’s growing commitment to supporting entrepreneurial endeavors and providing other financing options for early-stage businesses. Traders can learn more about the bank on pitchIN’s system.

To explore more about the Spartan Elevation Fund, visit its campaign website at https ://www.pitchin.my/equity/spartan-elevation-fund

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Mumbai, Bengaluru, Delhi: Why it is so difficult to walk in Indian cities

Getty Images A woman walks past a wall mural reading 'I love Mumbai' along a street in Mumbai on August 31, 2023. (Photo by Indranil MUKHERJEE / AFP) (Photo by INDRANIL MUKHERJEE/AFP via Getty Images)Getty Images

In India, if you ask a commuter how many hurdles they’ve encountered on a road, they may not be able to count them- but they’ll definitely remind you that most roads are in bad condition.

Arun Pai claims to have learned this when he began enquiring about people’s experiences while walking through Bengaluru ( formerly Bangalore ) in southern India.

This quarter he set up a “fun problem”- called the’ country’s longest road work ‘- which invited people to walk or run on an 11km ( 8 miles ) extend of footpath and make a note of all the obstacles they encountered, like hawkers, garbage or broken slabs of concrete. Then, they were asked to give a score of one to five to the road.

” When you have details, it gets easier to ask the authorities to take action. Instead of telling your local lawmaker” the trails are poor”, you can ask him or her” to correct certain places on a road,” Mr Pai says.

Mr Pai, who is the leader of Bangalore Walks, a non-profit that supports walking, is among many member protesters who are pushing to make the country’s streets more pedestrian-friendly.

In India’s money, a journey company called Delhi by Cycle has been advocating for making the city more cycle-friendly and accessible. These running enthusiasts are organizing consciousness marches, developing walking apps, and lobbying for change in the legislature.

Proper roads are rare even in India’s largest towns, and they frequently are overrun by stallholders, parked cars, and even cattle. In some places, they double up as homes for the weak.

Even today’s trails are frequently poorly maintained or built to a common. It can be difficult to navigate transportation and crowds on foot.

Getty Images NEW DELHI, INDIA - JUNE 18: A View of Street vendors business not Customers are not able to come out to shop in the scorching heat at Red Fort Road on June 18, 2024 in New Delhi, India. There are more than two lakh street vendors in Delhi. They stand in open whole day braving extreme heat but business is slow due to heatwave in city. (Photo by Sonu Mehta/Hindustan Times via Getty Images)Getty Images

Last month, Walking Project, a politician’s party in India’s financial capital, Mumbai, released a ‘ pedestrian statement ‘ ahead of Maharashtra state elections to identify the bad condition of the city’s roads and promote local politicians to take action.

In addition to reaffirming the manifesto’s demands for better parking, designated hawking areas, pedestrian-friendly corridors along arterial roads, and making footpaths more accessible for those with mobility challenges, the manifesto also included recommendations for better parking.

” Government statistics show that almost 50 % of the city’s population relies on walking, which is far greater than the 11 % that uses private transport and the combined 15 % that uses tuk-tuks and buses,” says Vendant Mhatre, convener of Walking Project.

” Pedestrians are the most underappreciated group of users when it comes to developing policies around transportation or road safety,” he continues.

According to the latest government estimates on road accidents, pedestrian fatalities were the second-highest after those of two-wheeler riders. In 2022, over 10, 000 pedestrians lost their lives on national highways across the country, with around 21, 000 more sustaining injuries in accidents.

Authorities frequently use band-aid techniques to stop road accidents, such as installing speed bumps or providing a signal. But what is really needed is inter-connected footpaths that can accommodate high footfall,” Mr Mhatre says.

According to research, addressing the issues of this forgotten group of road users can benefit a number of parties.

In 2019, researchers in the southern city of Chennai studied the impact the construction of new footpaths on 100km (62 miles) of the city’s streets had on the environment, economy and the health and safety of citizens.

They discovered that the new footpaths promoted walking among 9 % to 27 % of those surveyed, which reduced particulate matter and greenhouse gases. Additionally, they discovered that women and lower-income groups had new opportunities thanks to the footpaths, which also helped them save money.

The survey highlighted how accessibility and equity might be improved because people with disabilities and women might have nuanced requirements for footpaths.

Getty Images MUMBAI, INDIA MAY 2: Hawkers encroach the footpath and the road outside the station, at Andheri (West), on May 2, 2023 in Mumbai, India. (Photo by Vijay Bate/Hindustan Times via Getty Images)Getty Images

” Very often, people do n’t have a benchmark for footpath quality, especially if they have n’t travelled abroad or been exposed to places that have good facilities for pedestrians,” Mr Mhatre says. He argues that this is the cause of the country’s lack of footpath quality.

He adds that the majority of people view walking as an exercise or leisure activity. And so do they think about the infrastructure that comes with walking through parks or walking tracks. In reality, however, people walk to various destinations daily, so the scope of walking infrastructure is far broader.

It’s high time our leaders gave walking infrastructure as much thought as it does public transportation, according to Mr. Mhatre, because it’s the most economical and environmentally friendly way to navigate a city.

According to Geetam Tiwari, a professor of civil engineering, the main issue is that too much attention is paid to reducing road congestion caused by cars.

” To improve the flow of traffic, authorities often narrow down footpaths or eliminate them entirely,” she says. This approach, according to Ms. Tiwari, is problematic because it makes it difficult for pedestrians to use public transportation, such as buses and metros, which can relieve traffic pressure.

She claims that allowing the congestion to continue and concentrating on improving the infrastructure for pedestrians will ultimately help solve the traffic issue.

Ms. Tiwari also contends that the federal government should require states to adhere to the recommendations made by the Indian Road Congress, a national organization that establishes standards for road and highway design.

She says that cities can also implement their own Non-Motorised Transport Policy (NMTP) to create better infrastructure for cyclists and pedestrians.

It’s time more cities step up and experiment with a NMTP, she says, but only a small number of cities in India have done so so far.

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Maori haka in NZ parliament to protest at bill to reinterpret founding treaty

In protest of a contentious act that sought to redefine the country’s founding agreement with Mori people, MPs performing a haka temporarily slowed down the country’s parliament.

After being questioned whether her party was in favor of the bill, which had its first vote on Thursday, Hana-Rawhiti Maipi-Clarke, the classic royal group dance began.

At the same time, a hīkoi- or quiet opposition february- organised by a Māori rights team is continuing to make its approach towards the money, Wellington.

The 10-day protest against the expenses, which started at the top of New Zealand on Monday and ended in a flurry in Auckland on Wednesday, has previously attracted thousands of spectators.

Although the nation is frequently regarded as a leader in indigenous right, the bill’s critics fear that the same rights will be endangered by it.

The political group that introduced the bill, Act, contends that the 1840 Treaty of Waitangi’s essential rules must be legally defined.

The key principles of the agreement have, over time, been woven into New Zealand’s regulations in an effort to remedy the bad done to Māori during invasion.

Danielle Moreau A group of people holding flags is seen walking from behindDanielle Moreau

However, Act, a small member of the country’s ruling centre-right alliance, claims that this has led to racial division, and that the bill will make it easier for the treaty to be interpreted more pretty through parliament than the courts. The group’s president, David Seymour, has dismissed critics as wanting to” mix up” anxiety and department.

Critics, however, say the policy will divide the country and lead to the unravelling of much-needed aid for some Māori.

Following a 30-minute bust, the second reading was approved by all of the coalition’s constituent parties. Maipi-Clarke was suspended from the home.

Because Act’s coalition partners have indicated they wo n’t back it, a second reading is unlikely.

But this has not placated those worried about the bill, and its impact, with the hikoi still making progress along its 1, 000km ( 621-mile ) route.

Danielle Moreau A smiling woman takes a selfie with her two sonsDanielle Moreau

In Auckland, it took an estimated 5,000 marchers two hours to cross the harbour bridge. Officials had closed two lanes, the New Zealand Herald reported, to allow them to continue along the route.

Danielle Moreau, who is Māori, walked over the Harbour Bridge with her two brothers, Bobby and Teddy, and told the BBC she “was hoping it]the hīkoi] may be great but it was much more spectacular than I expected”.

” I marched to make the place that Te Tiriti]the Treaty of Waitangi] is very important to our national identity”, said Winston Pond, who likewise took part in the march on Wednesday.

Our multicultural society is based on a intercultural foundation, which cannot be altered.

Juliet Tainui-Hernandez A family of three smiles at the camera, while people wave flags in the backgroundJuliet Tainui-Hernandez

Juliet Tainui-Hernández, from the Māori community Ngāi Tahu, and her Puerto Rican lover Javier Hernández, brought their daughter Paloma to the hīkoi.

Ms Tainui-Hernández said those who turned out in support did but” for the courteous and diverse country we want Aotearoa]New Zealand ] to be for our tamariki mokopuna- our kids and grandchildren”.

Kiriana O’Connell, who is also Māori, said that the present treaty rules were now a sacrifice for her people, and she would never support a “rewrite”.

Under the proposed legislation, the convention rules that would be defined in law are:

  • that congress has the full power to pass legislation and that the government has the power to manage.
  • that the Crown upholds Mori’s constitutional right
  • that everyone has the same rights as everyone else in terms of law and safety.

Act head Seymour, who is also New Zealand’s associate justice secretary, claims that judges have been able to develop concepts that have been used to support activities that are against the equality process because the principles have never been properly defined legally.

He says these contain “ethnic quotas in public organizations” that go against the spirit of fairness for all New Zealanders.

Prime Minister Christopher Luxon, nevertheless, has called the act “divisive”- despite being part of the same partnership.

EPA David SeymourEPA

However, the Waitangi Tribunal, which was set up in 1975 to check alleged breaches of the Treaty of Waitangi, notes the act “purposefully excluded any conversation with Māori, breaching the concept of association, the Crown’s good-faith obligations, and the Crown’s responsibility to actively protect Māori rights and interests”.

Additionally, it claimed that the bill’s tenets “misinterpreted the Treaty of Waitangi” in a” important way” and that this” caused major prejudice to Mori.”

The government’s a number of methods that have had an impact on Mori have been implemented with the release of the Treaty Principles Bill.

They include the closing of the Māori Health Authority, which was set up under Jacinda Arden’s Labour government to help make health equity, and reprioritising English over Māori when it comes to the standard calling of federal agencies, for instance.

According to the most recent census, about 18 % of New Zealand’s population consider themselves to be Mori, but many still face challenges in comparison to the general population based on indicators like health outcomes, household income, education levels, and incarceration and mortality rates. There remains a seven-year gap in life expectancy.

The Treaty of Waitangi is an agreement between the British and many, but not all, Māori tribes, which was signed in 1840.

Because it was only a spoken language until colonization, it is contentious because it was written in both English and Mori, and the two versions have fundamental differences in terms of land ownership.

Although the treaty itself is not a legal document, its principles have been incorporated into various laws over time.

A select committee will now be hearing the bill for a six-month period of public hearings.

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Hasan.VC kicks off Cohort 002 of Accelerator Programme

  • The first group included 42 companies, 12 of which secured financing
  • 7-week program designed to support early-stage Halal &amp, social companies

Hasan.VC kicks off Cohort 002 of Accelerator Programme

Hasan. Software for Cohort 002 of the Accelerator Programme are now available, according to VC, an essential component of the Ethis Group. Starting on 6th January 2025, this seven-week online initiative aims to support early-stage Halal and honest business owners. Following the successful release of its annual group, which saw 42 startups participating, with 12 securing financing, this circular invites online applications from founders with ambitions to range within Southeast Asia’s high-growth region.

The Hasan. VC Accelerator is a seven-week online programme offering early-stage startups a support package that includes pre-seed funding of up to US$ 60, 000 ( RM268, 000 ), mentorship from top-tier trainers and successful Muslim founders, and access to a network of over 500 angel investors. Individuals will also benefit from a group of like-minded founders, exposure to a lover collection of over 60 million Muslims, and state funding matching possibilities.

The Accelerator empowers companies to level their businesses with advice and resources that are specifically tailored to their needs in order to address the unique issues faced by business owners in Southeast Asia’s high-growth area. To day, the program has helped launch modern businesses, such as Synbiozymes, Reyhut Automation, and GoBarakah.

The Accelerator program aims to maintain fostering a founder-centered ecology where business thrives, according to our mission statement. We are committed to supporting various founders, mainly Muslim and feminine entrepreneurs, who have previously been overlooked in conventional venture capital spaces”, said Umar Munshi, managing partner of Hasan. VC and Group MD of Ethis. This Accelerator is more than just money; it’s about building a network of entrepreneurs who collaborate to create innovative, morally sound companies.

” This program was built for members by members. We want to support businesses who want to succeed in their organizations in a supportive environment with people who are aware of their particular difficulties. South Asian startups are particularly important to us, according to Hasan’s main Mohd Akhtaar. VC.

He continued, citing Southeast Asia’s shift toward more honest and purpose-driven company culture as an outstanding opportunity for startups to succeed in the Halal economy.

The second wave of creative founders who want to create businesses that are socially responsible, ethical, and in line with Halal values are needed, according to Mohd Akhtaar, who is leading the action to change the face of entrepreneurship.

The Hasan. Ten startups may be chosen by VC Accelerator to get equity funding from each cohort. Each company will also benefit from ongoing assistance, yearly evaluations, and publicity to potential administrative and angel investors. A Demo Day, where members present their development to a network of traders and funding partners, is the program’s climax.

Owners and companies are invited to apply to the programme to acquire opportunities for growth, engagement, and expense. With limited games obtainable, this project presents a chance for early-stage, purpose-driven endeavors to scale impactfully in Southeast Asia’s vivid and expanding Halal business.

Click here for more information.

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Two Chinese news veterans sued over S0,000 ‘loan’ for failed Mandarin language business

SINGAPORE: The head of Mediacorp’s Chinese news team and a former news veteran at Singapore Press Holdings ( SPH) daily Lianhe Zaobao are being sued by a businessman, who wants a purported loan of S$ 990, 000 ( US$ 740, 500 ) to be returned to him.

According to Mr. Ren Xin Wu, Mr. Chua Chim Kang and Ms. Lee Kuan Fung were using Homing Holdings, a holding firm for two companies that offered education and were experts in Mandarin-language occurrences, as working money.

Mr. Ren asserts that the money was refunded in three years starting with the date of the grant, but Mr. Chua and Ms. Lee’s attorneys allege that there was n’t a contract.

It is also alleged that in 2020, when the company was in severe islands, Ms Lee paid S$ 40, 000 in Homing Holdings money to a third-party firm called Goldciti.

Mr. Chua introduced the business to her, and the amount allegedly served as consulting services.

The celebrations alleged that this deal was fake because Homing Holdings wanted to funnel money away from the company and avoid paying its creditors.

At the same time, brokers for Homing Holdings, which has failed, are suing Ms Lee for supposedly breaching her moral obligations as chairman of the business, with Goldciti as a second accused.

The High Court on Tuesday ( Nov 12 ) held a civil trial for the two suits, with Mr. Chua and Ms. Lee’s attorneys arguing that the case lacks sufficient evidence to support their claims.

History OF THE CASE

According to her LinkedIn profile, Ms. Lee is a media former who worked for SPH for 18 years before leaving in May 2017. Mr. Chua serves as Mediacorp’s head and chief editor of Chinese media and current politics, as well as the organization’s Youth Editorial Initiative.

Mediacorp is CNA’s family business, too. &nbsp,

He joined Mediacorp in 2018, but he originally held positions like managing director of the company’s Chinese Media Group.

Mr. Muthu Kumaran Muthu Santhana Krishnan of Kumaran Law and Mr. Salem Ibrahim, the pair’s attorney, are defending them.

According to the accused ‘ opening speech, Mr Ren, a Chinese member and French citizen, second met Mr Chua in 2015, when Mr Chua was an administrative with SPH.

At the time, Mr Chua had been in the internet business for about 15 times. Mr. Ren stated during a luncheon that he wanted to promote and raise the profile of an occasion sponsored by China Minsheng Investment Group.

Mr. Chua finally introduced Ms. Lee to Mr. Ren in order to help him achieve his objectives.

Ms. Lee worked for Lianhe Zaobao as well as the Central Integrated Newsroom as a “new development” editor in 2015, according to her people LinkedIn profile.

In its beginning speech, the defense claimed that Mr. Ren after had a successful project with SPH.

Eventually, the trio met to enjoy the trio’s success and exchange lunches, where Mr. Ren allegedly persuaded the two news veterans to form a partnership.

Homing Holdings was incorporated in June 2017. It served as the holding company for Lulele Learning Space and Luminaries Holdings, its operating business.

By acquiring nurseries and institutions, managing events and concerts, and promoting Mandarin, Luminaries was established.

Lulele Educational Services specialized in intellectual mentoring and tuition matching services.

” Chua was satisfied with his new work,” he said. However, he never took a full-time or an active part in Homing. On the other hand, Lee took the plunge”, said the military.

Mr. Ren purportedly insisted that Mr. Chua be given a 35 % stake in the business, despite the lawyers ‘ claims that he had no desire to be involved in daily operations and that he did not participate or own shares.

According to the defense, Ms. Lee later held those shares, which she also held as a chairman of the subsidiary companies.

According to the army, Mr Ren wanted Ms Lee to keep her work with SPH and get full-time, and this came to fruition.

Company was first good, but revenue dived when COVID-19 hit in 2020, the military said.

The attorneys claimed that Ren became angry and quickly requested that he return his$ 990,000 in Homing as a convertible product. &nbsp,

WHAT MR REN, HOMING HOLDINGS ARE SEEKING

Mr Ren and Homing Holdings, which is in forced liquidation, are represented by Mr Harry Zheng Shengyang and Ms Jasmin Kang from Kelvin Chia Partnership.

Ms. Kang claimed in her opening statements that her case involved the siphoning of funds from the original by Ms. Lee.

Homing Holdings is suing Homing Holdings for the$ 40,000 that was paid for companies that were never provided as a result of the alleged fake contract, as well as for Ms. Lee’s inability to discharge her professional duties as the company’s director.

Additionally, Ms. Lee’s involvement in Ms. Kang’s event led to the economic damage of Homing Holdings, which she also claimed was the result of.

Ms. Kang said she will testify in court that Ms. Lee and Goldciti exchanged “repeatedly deceptive” information about how she and her husband had handled their liquidations.

Ms. Kang claimed that her client had provided Homing Holdings with a working capital loan of S$ 990,000 as part of Mr. Ren’s following lawsuit.

The business had to repay the loan after three times, or parties may have negotiated an improvement, reached a separate contract on settlement, or converted the payment into ownership.

But, when the loan was due, Ms Kang alleged that Ms Lee and Mr Chua failed, refused or neglected to get the product returned, in violation of their partnership with Mr Ren.

Ms. Kang cited the defense’s declare that Mr. Ren had” all kinds of tactics to press them” into paying the loan, saying that Mr. Ren was entitled to demand and demand payment.

Nothing more than Mr. Ren enforcing his constitutional rights, according to Ms. Kang, was the defense’s claim of so-called harassment.

Ms. Lee and Mr. Chua’s attorneys cited a notice of demand from Mr. Zheng, Mr. Ren’s attorney, that was publicly displayed on the wall next to Ms. Lee’s residence in 2020.

Ms Lee filed a complaint with the Law Society of Singapore ( LawSoc ) over this, and Mr Zheng was sanctioned.

But Ms Kang said this debate was “nothing more than a ruse” and a red fish. As LawSoc had now determined, Mr. Ren’s attorney did not purposefully humiliate Ms. Lee or engage in unfair behavior on purpose.

Ren’s lawyer was given a warning for for unwisely posting the demand on Lee’s back door without having the email first put in an envelope, according to Ms. Kang.

She claimed she had demonstrate during the test that Ms. Lee and Mr. Chua had agreed that they were bound by the terms of the agreement” by their do.”

Ms. Kang alleged that they had agreed to have the company pay Mr. Ren’s product back but failed to do so.

Mr Chua had apparently agreed to repay the loan physically, but likewise failed to do so, said the lawyer.

These activities caused Mr Ren to suffer damage and deterioration, said Ms Kang.

She wants Ms Lee and Mr Chua to return the$ 990,000 to Mr Ren, as well as a claim that Ms Lee harmed Homing Holdings by breaking agreements with other businesses to the detriment of Homing Holdings.

In the option, she asked for problems to be assessed against Ms Lee, with interest and fees.

Mr. Salem, who is bringing the case against Ms. Lee and Mr. Chua, claimed that Mr. Ren’s claim will not be supported by any of the judge’s witness’s video evidence.

He claimed he would support the court by conducting cross-examination rather than making “allegations or shaved statements”.

He claimed that there was a” set-up” in order to convince Mr. Chua to agree to pay for the loan and refinance his home and that he” may not be able to move away from what he said in the letters or in the WhatsApp markets.”

Mr. Salem called this incident” an abuse of process” and claimed that some businesses lost money throughout COVID-19, causing some businesses to continue to suffer today.

The lawyer claimed that Mr. Ren may be suing for breach of fiduciary responsibility even if there was proof that Ms. Lee had breached her contract. The company in liquidation should file a complaint about it, according to the lawyer.

The test continues.

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