Moves to curb military power will carry on

Pheu Thai senator Prayuth Siripanich’s attempt to push for a so-called “anti-coup costs” has been met with criticism from critics and is unlikely to win support from parliament, social observers say.

Following widespread criticism, Pheu Thai list MP Mr. Prayuth announced he would remove the bill to be revised and that it would be resubmitted to parliament once it is available.

Mr. Prayuth insisted at a group meeting on Thursday that he wasn’t backing down and that a better version of the bill would become re-introduced to legislature in accordance with Section 77 of the law.

Mr. Prayuth said he thinks the army’s influence needs to be limited in order to maintain stability in the nation.

Prayuth: Bill unlikely to gain House aid

Prayuth: Bill unlikely to gain House aid

The Defence Ministry under the direction of Sutin Klungsang was the first to create the expenses that Mr. Prayuth intends to remove.

The bill, which seeks to amend the Defence Ministry Administration Act, was proposed under Section 133 ( 2 ) of the charter and, as such, does not need to be endorsed by a party meeting, he said.

While the group’s support isn’t required, Pheu Thai may probably animal the plan before it is submitted to congress for further consideration.

At least two coalition parties, including the opposition Palang Pracharath Party ( PPRP ), Bhumjaithai and United Thai Nation ( UTN), both publicly criticized the bill and pledged not to back it if it is introduced in parliament.

Pheu Thai MP Linthiporn Warinwatchararoj, Pheu Thai assistant secretary-general, acknowledged that some Pheu Thai MPs also disagreed with the proposed bill, which would give the government the power to choose the appointment of generals after a committee made up of the defence secretary and the chiefs of the military forces.

Under Section 25, the expenses added requirements that must be satisfied for all candidates to be generals, including those who are known for having connections to illegal drugs, human smuggling, or the destruction of natural resources and the atmosphere.

In addition, the bill attempts to amend Area 35 by enforcing a ban on the use of military force or military personnel in situations where the government’s managerial authority is seized or under control.

Additionally, it was stated that soldiers who were ordered to carry out such serves had the right to refuse to do so and that they could be seen as a witness to a military-military criminal offense.

Additionally, it increases the penalties for officials who temporarily suspend them in order to conduct an investigation as directed by the prime minister.

In contrast, under the act, the prime minister would be the Defence Council president instead of the defence secretary.

On December 2, Parliament conducted an opinion poll about the costs on its website.

The study will close on January 1.

One of three proposals to alter the Defence Ministry Administration Act was made by the main opposition party, the Defence Ministry, while Mr. Sutin was in charge, with Mr. Prayuth’s act one of three.

Military transformation force

Mr. Prayuth told the Bangkok Post that while he has no ill will against the defense, he is attempting to reform the armed forces through the legislative method to improve their effectiveness.

” I have little specific against the military. The war has served as the world’s security gates.

When a nation is affected by natural disasters, “military personnel often step in and lend a hand.”

However, Mr. Prayuth said,” I want to push through the legislative process for the armed forces reformation.”

Because of some shortcomings that still need to be fixed, such as giving the government more authority over general appointments, he decided to withdraw the expenses for revision.

The plan has been compared to the appointment of officers generals, which does not demand a similar support, according to a celebration source.

Deterrent to uprisings

The request for a so-called anti-coup rules is a symbolic gesture that reflects the government’s attitude toward military coups, according to a political science expert who contacted the Bangkok Post who requested anonymity.

” Any upcoming coups that may occur are likely to encounter backlash from the general public.

” An anti-coup act represents a barrier to military dictatorships, “he said.

He even made a comparison between the PP’s proposed and Prayuth bill, saying the PP is determined to push for its own expenses because it wants people and parliamentary debate on issues relating to military transformation.

The scientific said,” Pheu Thai presented a bill after the PP had proposed it, just to prevent criticism and losing popularity if it had not introduced its own bill.”

He claimed that Pheu Thai and the PP’s charges both aim to give a civilian government a higher power than the military forces.

A civil government should be established in an appropriate democracy, he said, and a civilian government should be chosen over the armed forces, he said.

However, Thailand’s elected government has actually promote power with political party vested interests like bureaucrats and the armed forces.

He claimed that” the notion that a state must be above the military cannot be applied in Thailand.”

Shield against revolt

Wanchai Sornsiri, a former legislator, echoed the view that pushing for the anti-coup costs is no solution to military coups.

According to him,” the best way to stop military dictatorships is for the government to run the land with dignity in the people’s best interests.”

” The government may remain free of corruption to gain people’s reputation.

The people will work as a shield preventing military coups, Mr. Wanchai told the Bangkok Post.” If it can do so, the folks will work as a weapon protecting the state against any military uprisings.”

Playing with fire

He criticized officials who had proposed the anti-coup bills, claiming they were attempting to elicit hostility from the defense and are unlikely to garner widespread support.

Wanchai: MPs want to stir up trouble

Wanchai: MPs want to stir up trouble

Wanwichit Boonprong, a social science professor at Rangsit University, told&nbsp, the Bangkok Post that Pheu Thai is playing with fire.

He said,” The decision to change the Defence Ministry Administration Act is intended to test the waters.”

Mr. Wanwichit argued that Phumtham Wechayachai’s choice to replace Sutin Klungsang as defense secretary is an attempt to keep a tight grip on the military.

As defence minister, Mr Sutin took a” soft approach “in dealing with the armed forces, while Mr Phumtham, a close associate of former prime minister Thaksin Shinawatra, widely known to be the de facto leader of Pheu Thai ( and father of Prime Minister Paetongtarn ) will also try to ensure no military coups.

There should be no issue if politicians are aware of the military’s internal workings, but the anti-coup act push is clearly intended to stifle political activity, he said.

” Finally, the bill is expected to be rejected by partnership events as well as the Senate,” Mr Wanwichit said.

Wanwichit: ' Soft method' is needed

Wanwichit: ‘ Soft method’ is needed

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Gukesh Dommaraju: Indian teen,18, becomes youngest-ever world chess champion

Gukesh Dommaraju, an American girl, defeated defending hero China’s Ringing Liren on Thursday in a dramatic turn, making him the youngest-ever world chess champion.

Dommaraju, who is 18 years old, is four decades younger than Grandmaster Garry Kasparov, who was 22 when he won the title in 1985.

The Chennai native has long been a household name in the game industry, having earned the title of master at the age of 12 at the age of 18.

However, he was perceived as the opponent heading into the final match of this year’s FIDE World Chess Championship suit in Singapore.

Playing on dark, Dommaraju won the game after an under-pressure Thump made a rare error while in a good place, activity critics observed.

The 18-year-old’s victory came at the end of a weekend where game fans around the world strongly followed the pair’s matches with scores of 7.5 to 6.5.

Ding had faced strain over his shape all year, possibly since winning the 2023 name.

The Taiwanese person had never won a long-format” traditional” match since January and was seen to be avoiding other top-level events.

But he had put in a solid opening match and won the second-last suit against Dommaraju, suggesting speed.

Going into the last game on Thursday, both athletes had two triumphs every and eight draws.

Ding moved his raven to a fatally poor position, giving Dommaraju an opportunity to capitalize on after hours of strong play.

Ding slumped onto the board without a second thought after recognising his error.

” Ding seemed to have a risk-free chance to push for a gain but rather liquidated into a pawn-down endgame”, Chess.com wrote in its post-game description. ” It should have been drawn, but Ding blundered as the stress grew”.

It was final from it. Three more moves after, Dai resigned.

As the place erupted in cheers from fans, Dommaraju immediately burst into tears.

According to reports, he claimed,” I definitely got so emotional because I didn’t really expect to get that placement.”

He is only the next Indian person to surpass Viswanathan Anand, who won the tournament five times, to be world chess champion at the age of 18.

Prime Minister of India, Narendra Narendra Modi, was one of the first numbers to offer compliments.

” Ancient and exceptional”! he posted on X. ” Gratitude to Gukesh D on his extraordinary success. This is the outcome of his unmatched skills, hard work and unwavering dedication”.

The FIDE World Chess Championship carries a$ 2.5m ( £1.96m ) prize fund.

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Trump’s BRICS threat adds fuel to de-dollarization drive – Asia Times

Donald Trump’s resumption of electricity is regaining his trademark bluntness to the international stage of economic activity. &nbsp,

The BRICS, an economic alliance led by Brazil, Russia, India, China, and South Africa, which has information members like Saudi Arabia and the UAE, is one of his earliest targets. They are considering the development of a coin to challenge the US currency’s status as the dominant dollar. &nbsp,

Trump’s threats of 200 % taxes and a complete ban from US areas for any Multilateral member state attempting to de-dollarize have rekindled debates about the economy’s supremacy’s future.

Trump’s conservative money protection appears to strengthen its status as the world supply money, a position it has held since World War II. &nbsp,

However, a closer examination suggests that these strategies may have a negative impact, leading to efforts by nations like China to lower their emphasis on and holdings of the dollar.

China has spent the past century laying the groundwork for an alternative economic future, now wary of Washington’s commitment to use the money as a political tool. &nbsp,

Through bilateral trade treaties and expanded collaborations under its Belt and Road Initiative, it has aggressively promoted the use of its yuan abroad. &nbsp,

Also, China’s central banks has been diversifying its international resources, shifting away from dollar-denominated resources to gold and other assets. &nbsp,

For Beijing, Trump’s language is hardly a deterrent—it’s a call to action. Unexpected effects have already been a result of Trump’s preference for taxes and sanctions as financial diplomacy tools.

The extreme application of these steps has grown in distrust between the United States ‘ trade partners and enemies. &nbsp, By turning the money into a crossbow, the US mistakenly pushes regions to seek alternatives. &nbsp,

China and Russia, often targets of American sanctions, have been at the frontline of this change. They have signed deals to exchange regional economies and increased participation within organizations like the BRICS. These moves does not depose the dollar immediately, but they’re chipping away at its supremacy.

While still a distant and economically difficult proposition, the development of a BRICS currency is a sign of a general desire to create economic systems that are less vulnerable to American influence.

Trump’s risks does stifle or impede these efforts in the near future, but they also confirm the fears that the US uses its economic power without considering the security of the global financial system for the long run.

For China, this isn’t just about dollars and cents, it’s about securing its status as a worldwide power. A unipolar monetary system would lessen Beijing’s risk to the US economy, giving Beijing more freedom to pursue its strategic goals. &nbsp,

China’s digital yuan experiment—the world’s most advanced central bank digital money project—is portion of this broader motivation. If successful, it may offer an alternative to dollar-dominated cross-border pay systems, particularly in emerging markets.

Trump’s method, ironically, accelerates the styles he claims to be trying to combat. By doubling down on taxes and punishment, he amplifies the belief that the US is a liar and untrustworthy manager of the global financial system.

This view has implications for allies in Europe and Asia, many of whom have expressed concerns about over-reliance on the dollar. It also has an impact on adversaries like China and Russia. &nbsp,

This growing uneasiness is reflected in work like the European Union’s press for greater use of the euro in power industry.

In the end, the supremacy of the dollar depends on faith: confidence in the US’s ability to lead the world economy responsibly and confidence in the stability and accessibility of dollar-denominated assets. &nbsp,

By weaponizing the money, Trump risks eroding that faith, not just among America’s enemies but also its allies. And as that faith diminishes, so too will the dollar’s carry on its prized supply currency status.

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Crusader against military coups

Prayuth: Wants to amend defence act
Prayuth: Wants to alter military action

Prayuth Siripanich, a list-member of the Pheu Thai Party, has come under fire for his plan to update the Defence Ministry Administration Act to lessen the government’s authority to carry out coupsd’etats.

Mr Prayuth’s act is one of three– the other two were proposed before by the Women’s Party and past defence secretary Sutin Klungsaeng. The consumer can then vote on the proposed bill on the parliament website until January 1st.

Mr. Prayuth is regarded as a sincere and steadfast legislator who always pushes his plans ahead.

However, this proposal could raise tensions between Pheu Thai and the military, as well as among coalition events or even group members.

On Oct 18, 2013, when Yingluck Shinawatra was prime minister, Mr Prayuth, as deputy chairman of the House committee on reviewing the asylum bill, proposed amending Content 3 to grant asylum to people involved in political groups, problems or those accused of wrongdoing by organizations established after the revolt from Sept 19, 2006, to Aug 8, 2013, regardless of whether they acted as perpetrators, supporters or leaders.

Political opponents opposed the proposed type, saying it was meant to benefit former prime minister Thaksin Shinawatra, who had been living in self-imposed exile since 2008.

The parole bill at the time heightened tensions, causing widespread unrest among different groups and causing people to take to the streets. In 2013, Yingluck after announced the dissolution of parliament.

This incident served as a motivator for the social unrest that led to Gen Prayut Chan-o-cha’s 2014 military coup.

Mr. Prayuth has spent a long time in Thai elections. Born on Sept 30, 1945, in Maha Sarakham, he gained a bachelor’s degree in law from Ramkhamhaeng University.

Since 1979, he has been an MP for Maha Sarakham for eight term. Prior to the death of Montri Pongpanich, he served as the Social Action Party’s secretary-general.

He even held supervisory positions in many governments.

In 2010, Mr. Prayuth was chosen as Pheu Thai’s assistant leader. He and several other members of the executive council resigned in April 2011.

During the Yingluck state, he was made an assistant to assistant leading Plodprasop Suraswadi.

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Pheu Thai’s Prayuth, crusader against military coups

Prayuth: Wants to amend defence act
Prayuth: Wants to alter military action

Prayuth Siripanich, a member of the Pheu Thai Party list, has been in the limelight since his proposal to alter the Defence Ministry Administration Act to lessen the government’s authority to carry out coupsd’etats.

Mr Prayuth’s act is one of three– the other two were proposed before by the Women’s Party and past defence secretary Sutin Klungsaeng. The consumer can then vote on the proposed bill on the parliament website through January 1st.

Mr. Prayuth is regarded as a brave and sincere politician who will not back down and keeps moving forward with his ideas.

However, this proposal may raise tensions between Pheu Thai and the military, as well as among coalition functions or even group members.

On Oct 18, 2013, when Yingluck Shinawatra was prime minister, Mr Prayuth, as deputy chairman of the House committee on reviewing the asylum bill, proposed amending Content 3 to grant asylum to people involved in political groups, problems or those accused of wrongdoing by organizations established after the revolt from Sept 19, 2006, to Aug 8, 2013, regardless of whether they acted as perpetrators, supporters or leaders.

Political opponents opposed the proposed type, saying it was meant for former prime minister Thaksin Shinawatra, who had been living in self-imposed exile since 2008, in particular.

The parole bill at the time heightened tensions, causing widespread unrest among different groups and causing people to take to the streets. Eventually, Yingluck announced the dissolution of parliament in 2013.

This incident served as a catalyst for the social unrest that led to Gen Prayut Chan-o-cha’s 2014 military coup.

Mr. Prayuth has spent a long time in Thai elections. Born on Sept 30, 1945, in Maha Sarakham, he gained a bachelor’s degree in law from Ramkhamhaeng University.

Since 1979, he has been an MP for Maha Sarakham for eight conditions. He again held the position of Social Action Party secretary-general under the command of the later Montri Pongpanich.

He even held supervisory positions in many governments.

In 2010, Mr. Prayuth was chosen as Pheu Thai’s assistant leader. He and several other members of the executive council resigned in April 2011.

During the Yingluck state, he was made an assistant to assistant leading Plodprasop Suraswadi.

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BNY hires Apac head of global markets trading, makes UAE appointment | FinanceAsia

Ashvin (Ash) Parkash has joined BNY on December 9 as head of global markets trading for Asia Pacific (Apac). 

The global bank has handed Parkash responsibility for accelerating its global markets trading services to clients across the Apac region, according to the a media release. 

Parkash (pictured) will continue to be based in Singapore and is joining BNY from Nomura, where he was responsible for electronic distribution across fixed income and FX. With 25 years of industry experience, in addition to Nomura, Parkash has held leadership roles at BNP Paribas, Citibank, and Lehman Brothers.

Parkash will report to Jason Vitale, BNY’s head of global markets trading, and Nelius De Groot, BNY’s head of markets international.

BNY is looking to grow its global markets trading business internationally and this latest move follows  the establishment of its EU trading desk, and the appointment of Bianca Gould as head of fixed income and equities for EMEA, earlier this year.

In the media release, Vitale commented: “A continues to present real opportunities for our business, as we see growing demand from our clients looking for differentiated execution services and high-quality solutions to streamline their operating model.”

Vitale added: “I’m thrilled to welcome Ash, whose track record in growing businesses and experience in product strategy make him an ideal fit as we deliver high-quality solutions for our clients across markets.”

UAE appointment

BNY has also appointed Madiha Sattar as managing director and Growth Ventures partner, in a newly created global role based in the United Arab Emirates (UAE).

Sattar has joined the leadership team of BNY’s Growth Ventures business, which oversees new businesses that sit between technology, data, and investment solutions.

Last year, BNY invested in Abu Dhabi-based financial tech firm Alpheya, which is developing an end-to-end wealth management platform for wealth and asset managers in the Middle East.

As Growth Ventures partner, Sattar will play a strategic role working with clients in the region to build and invest in regional and global opportunities across financial markets data and analytics, wealth technology, and alternative assets data and distribution.

With over 20 years’ experience across operating and strategy roles, Sattar joins BNY from Careem, a MENA super app sold to Uber in 2019 for $3.1 billion, where she built and led several new businesses. Prior to that, Sattar spent time at JP Morgan Chase and McKinsey in New York.

BNY has been operating in the UAE for over 26 years and was recently granted a category 4 license by the Financial Services Regulatory Authority to expand its offering to clients within the Abu Dhabi Global Market. 

Akash Shah, chief growth officer and global head of growth ventures at BNY, said, “We are excited to welcome Madiha, who brings deep experience to the business and will play a strategic role as we accelerate the GCC’s ambitions to become a global centre of technology and financial services.”

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Al-Golani: New face of Syria has  million bounty on his head – Asia Times

Who speaks for Syrians now that President Bashar al-Assad’s concept has come to an end after 50 years of brutal royal rule?

Hayat Tahrir al-Sham, which led the opposition improve that toppled Assad under the command of Abu Mohammad al-Golani, is one organization making a significant say to that position.

But what does the organization represent? And who is al-Golani? The Conversation turned to Sara Harmouch, an analyst on Islamist violent parties, for answers.

What is Hayat Tahrir al-Sham?

The Syrian civil war, which started in 2011 as a famous revolt against the Assad regime, is where Hayat Tahrir al-Sham is from.

The organization was founded as an outgrowth of the Nusra Front, Syria’s established al-Qaida online. Hayat Tahrir al-Sham was immediately praised for its fight effectiveness, commitment to international jihadist ideology, and support for tight Islamic rule in the Muslim world.

The Nusra Front officially ended relations with al-Qaida in a 2016 move by adopting the new title Jabhat Fateh al-Sham, which means” Front for the Conquest of the Levant.”

It merged with a number of other Arab parties the next year to be Hayat Tahrir al-Sham, or the” Organization for the Independence of the Levant.”

This marketing aimed to walk away from al-Qaida’s international jihadist plan, which had limited the group’s charm within Syria. It allowed Hayat Tahrir al-Sham to focus on problems specific to Syria, such as local governance, financial troubles and humanitarian assistance.

Despite these changes, Hayat Tahrir al-Sham’s fundamental philosophy is still rooted in jihadism with the main goal being to overthrow the Assad government and establish Muslim law in Syria.

Who is al-Golani? How main is he to the team’s success?

Abu Mohammed al-Golani was born Ahmed al-Sharaa in 1982 in Saudi Arabia.

Al-Golani spent his early centuries in Damascus, Syria, after his family returned from Saudi Arabia in 1989. His ideology career began in Iraq, where he joined soldiers aligned with al-Qaida after the 2003 US-led war.

In 2011, under the path of Iraqi extremist and then-al-Qaida in Iraq head Abu Bakr al-Baghdadi, al-Golani was tasked with establishing the Nusra Front in Syria.

Within the Syrian civil war, the party quickly developed into a formidable power.

It was under al-Golani’s command that Hayat Tahrir al-Sham sought to present itself as rational, less focused on global terrorism and more on governance concerns in the region of Idlib, Syria’s largest insurgent enclave.

This change in strategy is a result of al-Golani’s effort to change the perception of his as a jihadist head into a more politically viable determine in Palestinian politics.

Al-Golani’s change toward a more logical approach, especially post-2017, has been crucial in helping Hayat Tahrir al-Sham power territories and proclaim itself as a local governing pressure.

His latest actions, such as adopting a more reasonable image and engaging in conventional public service, reflect al-Golani’s key role in the defense and Hayat Tahrir al-Sham’s political evolution, which both support the organization’s efforts to regain legitimacy both locally and internationally.

Men hand out of a car saluting to a nearby crowd.
Syria celebrate the ouster of President Bashar al-Assad following military demonstrations led by Hayat Tahrir al-Sham. Photo: Omer Alven / Anadolu via Getty Images/ The Talk

How did the organization rise to power in Syria?

Hayat Tahrir al-Sham used a variety of tactics to maintain control over the lands it controlled, including establishing management systems that could provide security and services while promoting their legitimacy in the eye of local populations.

The team’s leaders came to the conclusion that it needed to win over the international community in order to reduce international criticism and properly collaborate with the broader Arab innovative motion. They were trying to expand and get more territory.

Working with different Syrian actors was a part of this effort to create a more appealing entry for international observers and potential allies. To do that directly, Hayat Tahrir al-Sham brought some groups within Syria under its power. Locally and abroad, it reshaped its image through open relationships campaigns, such as engaging in social solutions.

Idlib, which was the last big fortress for various rebel groups since 2017, has been the dominant power there since Hayat Tahrir al-Sham retakes control of Aleppo after government forces retake control of the city in December 2016.

Despite reports of human rights violations, the organization has since strengthened its grip in the area by acting as a quasi-governmental body, providing legal services, and overseeing native matters, such as collecting responsibilities on commercial trucking and controlling highways.

In recent years, Hayat Tahrir al-Sham’s advertising has focused on defending Syria’s individuals from the Assad government. This has improved the organization’s standing among local people and different rebel parties.

In an effort to further shine its picture, Hayat Tahrir al-Sham ramped up its public relations work, both at home and abroad. For instance, it has partnered with global media and charitable organizations to discuss and document aid deliveries to the regions it governs.

By demonstrating this, Hayat Tahrir al-Sham gained some local support, establishing itself as a proponent of Sunni Muslim pursuits.

In addition, Hayat Tahrir al-Sham strengthened its military might by creating professional forces capable of carrying out coordinated and proper attacks. They did so by creating a military academy, restructuring its units, and establishing a more conventional military structure. The latest advancement appears to be evidence that this method has worked.

What does the US consider of the group and al-Golani?

Al-Golani and the Nusra Front have been designated as separate international criminal organizations by the US for a while.

Hayat Tahrir al-Sham was included in the US State Department’s expansion of this title in May 2018. As a result of these classifications, the team and its users face legal restrictions, travel bans, resource freezes and bank restrictions.

Also, the State Department’s Benefits for Justice system is offering up to US$ 10 million for details on al-Golani.

However, it has been reported that the US is considering dropping the$ 10 million bounty on the Hayat Tahrir al-Sham leader, while the UK is considering dropping the organization from its terror list.

What happens if al-Golani emerges as a post-Assad head?

Initially, we should notice that these are very first time, and it remains unclear what Syria will look like post-Assad.

However, based on my years of study of Hayat Tahrir al-Sham and Muslim record, I’m willing to make some educated guesses. Generally, Islamic empires have used different governance frameworks to push their expansion and administration, which may tell Hayat Tahrir al-Sham’s approach to mirroring these powerful strategies.

Second, I believe al-Golani will make an effort to establish a true spiritual management, positioning himself as a leader whose piety and adherence to Islamic principles are in line with the general opinion of the populace.

Hayat Tahrir al-Sham may add more depth by highlighting the significance of Sunni Islam in Syria’s express features and incorporating spiritual legal practices into the country’s rules.

Successful management may be a pillar of Hayat Tahrir al-Sham management, just as it has been established on a localized level. In Idlib, for instance, the group established methods for taxes and society wedding. This is crucial for fostering trust, particularly among recently underrepresented groups.

Also, by allowing some independence for areas within Syria, Hayat Tahrir al-Sham may lessen the risk of unrest, balancing tight Muslim law enforcement with Syria’s cultural and ethnic diversity.

In general, we might anticipate a governance system that aims for a blend of traditional Islamic governance and modern statecraft, attempting to unify and stabilize the diverse and war-torn nation, under the leadership of Hayat Tahrir al-Sham and al-Golani.

However, the group’s contentious status and history of militant activities could present significant difficulties in gaining widespread international support and recognition.

Sara Harmouch is a PhD candidate in public affairs, American University

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

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Trump’s BRICS ultimatum won’t deter de-dollarization – Asia Times

The US President-elect is undoubtedly concerned about what the BRICS countries might have in business for the US dollar as Donald Trump prepares for a second term in the White House.

And, not surprisingly, Trump is threatening big-time fines for any hint of de-dollarization among Brazil, Russia, India, China, South Africa and the grouping’s novel people, including Saudi Arabia and the United Arab Emirates.

Trump recently posted to his Truth Social system, saying that the notion that the BRICS countries are trying to walk away from the money while we watch and watch is over.

We demand a commitment from these nations that they won’t create a new BRICS money, nor will they support any other money to replace the powerful US money, or that they will be subject to 100 % tariffs, and that they should anticipate saying goodbye to selling into the wonderful US market.

Never simply a delightful bed from the Trump 2.0 group. Trump’s affected tariffs on the BRICS may only serve as fuel for the” International South” to look for or develop a buck alternative.

According to Michael Wan, senior currency analyst at MUFG Research, it’s unclear how 100 % tariffs on a group of nations that make up 37 % of global GDP would actually occur.

Additionally, it’s unclear how the BRICS’ sky-high taxes would benefit the world’s largest economy. But as Deutsche Bank argues, Trump’s preoccupation with a powerful money appears greater than ever.

” This seems to further show that money strength is an concern for the new leadership, unlike Trump 1.0″, when the US took a less ambitious approach, Deutsche researchers wrote.

Development countries have plenty of reason to be concerned about the dollars with US government debt exceeding US$ 36 trillion and Trump countering enormous budget-busting tax cuts. Washington, after all, only has one AAA record score left — from Moody’s Investors Service.

Morgan Stanley, for one, is advising that it might be time to sell the dollars. According to scientist David Adams,” a lot of the great news for the USD” has already been priced, with the majority of them having “largely internalized the US outperformance storyline” based on Trump’s pledges to impose their tax and trade policies. Businesses, though, may become “overestimating the rate, depth and scale” of those swings.

” We sense investment attitude on the whole is very productive on the franc, suggesting asymmetrical risks for a’ problems trade,’ in the months ahead”, Adams noted.

Trump World has made it clear the US Federal Reserve’s democracy, a key component in global confidence in the greenback, is also on the board come January. The” Project 2025″ system that his Democratic party cooked up for Trump 2.0 includes treatments for curbing the Fed’s much-vaunted freedom.

The Fed almost escaped Trump 1.0 unhurt. Trump placed the pressure on his hand-picked Fed Chairman Jerome Powell first and frequently during his first term in office, which spanned from 2017 to 2021.

Trump attacked the Powell-led Fed in statements, press events and on social media. Trump also mulled firing Powell. The Fed started adding liquidity to an business that didn’t have any additional assistance in the same year.

In October, Trump mocked Powell’s policy staff over. ” I think it’s the greatest job in government”, Trump told Bloomberg. Everyone talks about you like a god when you say, “let’s say turn a gold,” and you show up to the office once a month.

But&nbsp, Trump&nbsp, even defends the right of the leader to persuade the Fed into lowering costs. In August, Trump said,” the Federal Reserve&nbsp, is a very fascinating thing and it’s sort of gotten it wrong a bunch”.

Trump added,” I feel the leader should have at least stayed there, yeah. I feel that clearly. I think that, in my situation, I made a lot of money. I was extremely prosperous. And I believe I have a better impulse than those who, in many cases, may become chairman of the Federal Reserve.

For Asian officials and politicians, it’s a truly personalized abuse on the Fed’s position. The largest US Treasury supplies ever held by Eastern central bankers are held by the world’s largest central banks. Japan only holds$ 1.1 trillion&nbsp, of US loan, China$ 770-plus billion.

More broadly, Asia’s largest holders of dollars are sitting on about$ 3 trillion worth. It all implies that a Trump 2.0 administration would put a lot of Asian state success in danger.

Actually so, Trump is trying to wrench up tariff-induced problems for any country — or economic bloc — brave to champion a penny alternative.

The coming Treasury Department, however, was apply currency manipulation charges, trade controls or levies on trade beyond anything Trump has previously suggested or announced.

Trump appears to be prepared to punish allies who look to conduct bilateral trade in currencies other than the dollar, as well as adversaries. In March, Trump told CNBC that he “would not allow countries to go off the dollar”, as it would be” a hit to our country”.

Yet de-dollarization has moved to the center of the BRICS agenda, particularly since the grouping’s 2023 summit. Both Trump’s and US President Joe Biden’s fingerprints are present in this backlash.

Trump’s meddling with the Fed, hints at defaulting on US debt, and fiscal excesses affected dollar perceptions significantly. When Fitch Ratings revoked Washington’s AAA status, it&nbsp, cited the Capitol Hill chaos on&nbsp, January&nbsp, 6, 2021, as a “reflection of the deterioration in governance” imperiling US finances.

Biden-led efforts to impose economic sanctions on Russia, including accusations of “weaponizing” the dollar, exacerbated the problem.

” The United States ‘ ability to hobble Russia to this extent, without firing a shot, highlights the sovereignty of the United States and the dollar in the global economy”, argues George Pearkes, an analyst at the Atlantic Council’s GeoEconomics Center.

” In this case”, Pearkes noted,” sovereignty is the degree to which a currency issuer can dictate the use of that currency”. But, he added,” by using the power of dollar sovereignty, dollar sovereignty risks endangering the reserve status, which allows it to be weaponized”.

To be sure, Pearkes noted that “aggressive use of dollar weaponization has been signaled repeatedly by US policymakers to achieve US goals in the current Ukraine dispute.”

Although this would have a significant impact on Russia, he noted that “negative feedback on dollar sovereignty will be measured in decades rather than years— and will unavoidably come.”

According to Pearkes,” the ability to restrict access to financial markets is significantly more powerful than it has historically been.” What’s more, he noted,” the weaponized dollar” was “already a fact of life in global affairs” before Russia invaded Ukraine.

Pearkes noted that” the governments of Cuba, Iran, North Korea and Venezuela can all attest to that fact, as can their civilian populations. In all four countries, dollar sovereignty has been weaponized in a contemporary context”.

Trump is, however, steadfast in his desire to avoid the risk that the Global South might lose the dollar. &nbsp,

There is no way the BRICS will ever replace the US dollar in global trade, and any nation trying should wave goodbye to America, Trump said via social media.

Trump has recently shook markets with plans to impose 25 % tariffs on Canada and Mexico as well as additional levies on China up and above the 60 % he has already threatened.

Curiously, Trump said he’s had contact with Chinese leader Xi Jinping in recent days. Over the weekend, Trump told NBC that “we’ve had communication”.

At the Group of 20 summit in Japan in June 2019, Trump and Xi had their final in-person meeting. Trump stated to NBC,” I had an agreement with President Xi, who I got along with very well.

Still, Trump World is clearly steeling for a Trade War 2.0 with Xi’s Communist Party. Last week, Trump buttressed his” Tariff Man” street cred by naming uber-China hawk Peter Navarro as his top trade adviser. Navarro, &nbsp, who in 2011 co-authored a book titled” Death by China”, rarely misses a chance to accuse Xi’s party of “robbing us blind”.

Trump also appointed aggressive China critic Marco Rubio as secretary of state, and padded his next trade negotiations team with extremists like Jamieson Greer and Robert Lighthizer.

Trump 2.0’s supporters contend that tariffs are merely a tactic used to bring Xi’s party to consensus. Yet Xi’s inner circle seems unsure of Trump’s sincerity concerning a new “grand bargain” trade deal.

Case in point: Beijing’s move to limit the sales of key components used to build drones to the US and Europe. While bad news for Ukraine’s defense against Russia, it also serves as a sign of upcoming broader export restrictions.

China also opened an investigation into US chipmaker Nvidia this week following concerns that the business might have violated its anti-monopoly laws. This is also being interpreted as a sign of targeted Chinese trade war retaliation measures. Nvidia is at the center of Nvidia’s efforts to rule the artificial intelligence market.

Earlier this year, the BRICS added Egypt, Ethiopia, Iran, Saudi Arabia and the UAE to its ranks.

Mariel Ferragamo, a member of the Council on Foreign Relations, said,” The addition of Egypt and Ethiopia will amplify voices from the African continent.” Egypt also shared close political ties with Russia and close business ties with China and India. As a new BRICS member, Egypt seeks to&nbsp, attract more investment&nbsp, and improve its battered economy”.

According to Ferragamo,” the addition of Saudi Arabia and the UAE would bring in the Arab world’s two biggest economies, as well as the second and eighth top oil producers globally.”

Yet the most powerful connector among BRICS members, old and new, is stepping out of Washington’s financial orbit. As such,” we think the bloc&nbsp, has &nbsp, the most potential to forward its de-dollarization agenda in&nbsp, FX reserves and fuel trade”, said Chris Turner, global markets head at ING Bank.

Turner noted that the BRICS bloc controls 42 % of global central bank currency reserves, likely contributing to the global de-dollarization process.

The BRICS is “gaining more and more visibility as a trade partner for other emerging markets, particularly in the fuel trade,” adding that it is “gaining more and more ground in regional trade.” BRICS accounts for 37 % of the EM fuel trade, a key area of interest for de-dollarization”, he said.

The BRICS , Turner noted, “is actively de-dollarizing its financial flows from above-average levels, as seen through declining shares of US dollar in their cross-border bank claims, international debt securities, and broader external debt”.

The BRICS , according to Turner, “has a much smaller global presence in those areas that limits the impact of its regional de-dollarization on the global role of the US dollar.”

Even so, the BRICS are causing the dollar to pivot, despite Trump’s efforts to stifle the process. Perhaps the better course of action would be to improve the US financial system.

But that seems unlikely as Trump eyes additional multi-trillion-dollar tax cuts sure to push America’s national debt toward an eye-watering$ 40 trillion over the next four years.

Trump may also be using the reserve currency to defy de-dollarization advocates. With the BRICS cast playing the role of a spoiler, the dollar will likely be a major battleline in the Trump 2.0 era.

Follow William Pesek on X at @WilliamPesek

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Vietnam quiet, firm and resilient in the South China Sea – Asia Times

With overlapping states from various nations convergent in the resource-rich and strategically important canal, the South China Sea has long been a pot of stress and motivation. The conflicting and generally content relationship between Vietnam and China is at the center of the geopolitical debate.

The two countries previously allied during the Cold War are now at odds with one another in an escalating regional debate. Their adversaries ‘ conflict and hostility are clearly portrayed in the competing stories and power plays that determine their competitiveness in the conflicted waters.

China, with its sweeping “nine-dash line” claim, has aggressively pursued its goal of turning the South China Sea into what many see as a” Chinese lake”.

Beijing has transformed previously uninhabited islands into fierce military outposts thanks to enormous land reclamation tasks and the development of artificial islands with runways, weapon systems, and radar facilities.

These attempts, combined with regular naval patrols and political strong-arming, underscore China’s determination to argue supremacy over the area.

Vietnam, but, refuses to rear down. Vietnam is slowly but securely asserting its sovereignty, despite Beijing’s activities receiving a lot of media attention and frequently portraying the South China Sea dispute as a conflict between China and the United States or China and the Philippines.

Nowhere in the world is this more obvious than in the Spratly Islands, where Hanoi has increased its military presence in direct opposition to China’s wide states.

Vietnam’s approach is multi-faceted. On the one hand, it involves the design and development of military installations on the territory of its handle.

Vietnam had made significant progress toward land restoration in the Spratly Islands by the middle of 2024, growing roughly half as much territory as China did during the development of seven military installations between 2013 and 2016 compared to the start of 2016. This significant increase demonstrates Hanoi’s resolve to advance its proper position in the South China Sea.

Hanoi is upgrading its airstrips as well as fortifying its fortified troops with modern weapons and protective structures built to withstand potential attacks.

Vietnam is substantially expanding its security capabilities by using radar and maritime patrols to track activity in its disputed waters. These moves signal a calculated reply to China’s military, demonstrating Vietnam’s handle to protect its territorial dignity.

This confidence is rooted in Vietnam’s traditional experience. Vietnam views its independence with a strong sense of pride after enduring decades of Chinese dominance.

The South China Sea dispute, therefore, is not just about geographical boundaries or exposure to fish and undersea sources, it is a matter of national identity and traditional justification.

What makes Vietnam’s position particularly powerful is the David-versus-Goliath character of the conflict.

Vietnam has benefited from its strategic location, strong diplomatic ties, and expanding security partnerships to punch above its weight despite lacking the economic and military strength of its north neighbor.

Countries like the United States, Japan, and India have all recognized Vietnam’s crucial role in balancing China’s control in Southeast Asia. This has resulted in more military cooperation and arms deals that strengthen Hanoi’s defence capabilities.

Vietnam’s growing anger with ASEAN’s repeated delays and lack of cohesion in creating a bound Code of Conduct for the South China Sea has prompted Hanoi to map its own training in response to China’s extreme coastal growth.

Vietnam continues to support ASEAN as a foundation of regional diplomacy, but the bloc’s inability to form a unified front has made it difficult for it to confront a dominant and assertive power like China.

In response to this, Vietnam has adopted a dual strategy: promoting regional cooperation while pursuing independent actions to defend its sovereignty.

By constructing and upgrading bases, deploying advanced surveillance systems, and expanding its naval and air defense capabilities, Hanoi has significantly increased its military and strategic presence in tense areas, such as the Spratly and Paracel Islands.

It has also deepened partnerships with global powers, including the United States, Japan, India, and Australia, to counterbalance China’s influence and access advanced defense technologies. These alliances strengthen Vietnam’s military readiness and demonstrate its strategic significance in preserving a free and open Indo-Pacific.

Vietnam continues to support ASEAN as a foundation of regional diplomacy, but the bloc’s inability to form a unified front has made it difficult for it to confront a dominant and assertive power like China.

At its core, Vietnam’s approach reflects a pragmatic recalibration of its priorities, balancing regional multilateralism with self-reliance. This approach draws inspiration from its historical resilience in the face of larger adversaries, which demonstrates its unwavering support for its own interests and resistance to unilateral actions.

Vietnam’s assertive behavior sends a clear message to Beijing: it will not remain a passive observer while trying to reshape the South China Sea in its favor.

By adopting decisive measures, Hanoi is strengthening its position as a key player in the region’s geopolitical dynamics by upholding both solidarity and individual resolve. It is also urging others to acknowledge that collective security in Southeast Asia depends on both solidarity and individual resolve.

However, Vietnam’s actions are not without risk. Its strategic maneuver in the Spratlys could lead to a new escalation with China, whose military is significantly more sophisticated and sophisticated than Vietnam’s.

The future of the region, therefore, depends on the delicate balance of power between local actors like Vietnam and international players like the US, who both have vested interests in preserving freedom of navigation and preventing unilateral control by any one country.

In this complex geopolitical puzzle, Vietnam’s resilience stands out. By asserting its right to bear arms in the South China Sea, Hanoi is also sending a powerful message about how crucial it is to stand up to aggression no matter the odds.

One thing is certain: Vietnam is determined to chart its own course in one of the world’s most contested maritime regions. Whether this approach will lead to a peaceful resolution or further conflict is yet to be seen.

James Borton is the author of” Dispatches from the South China Sea: Navigating to Common Ground” and a non-resident senior fellow at Johns Hopkins/SAIS Foreign Policy Institute.

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Philippines to match China’s gray zone tactics in South China Sea – Asia Times

Tensions are high in the fiercely contested South China Sea, which the approaching US leader could intensify or ease in the event that he decides to go after Donald Trump’s subsequent inauguration.

Once more, the Philippines and China are at odds with one another over the long-distanced Scarborough Shoal, with their sea forces dangerously close to a near-clash in the contested waters.

Chinese coastguard ships fired water cannons and side-swiped a ship from the Philippines ‘ Bureau of Fisheries and Aquatic Resources ( BFAR ), which is tasked with surveying and securing Philippine fisheries resources in the country’s exclusive economic zone ( EEZ ). &nbsp,

The near-clashes also involved a dangerous encounter between a Chinese navy vessel and Philippine coastguard counterparts, which, according to Philippine official sources, faced, “blocking, shadowing and dangerous maneuvers” from the People’s Liberation Army-Navy ( PLAN ) vessel.

China’s Coast Guard maintained that its actions were “professional, uniform, reasonable and lawful” and immediately shifted the responsible by maintaining” the duty lies entirely with the Spanish side”.

According to the Chinese beach guard,” China imposed controls on Spanish ships that attempted to enter the territorial waters of China’s Huangyan Dao [Scarborough Shoal ]”. &nbsp,

The most recent tragedy was quickly downplayed by notable Chinese authorities. According to the Global Times state spokesperson, Ding Duo, a deputy director of the Chinese National Institute for Maritime Law and Policy,” The Philippines is trying to fuel the South China Sea issue by continually creating trouble so as to generate fresh discourse materials for the mental war of building the” China threat “rhetoric.”

China’s maritime forces simply conducted routine operations and “necessary control measures” to defend the Asian nation’s maritime claims based on the so-called “nine-dash line,” a sprawling map that an international court at The Hague rejected as “illegal” in 2016 under the auspices of the UN Convention on the Law of the Sea ( UNCLOS).

China rejected the 2016 judicial tribunal decision, which lacked an enforcement system.

” We consider that a steep increase on the part of the People’s Republic of China”, Jonathan Malaya, a Philippine National Security Council director, told the media, underscoring the growing feeling of concern in the Philippines.

The Philippines even cautioned that it reserves the right to take more drastic measures in response. Vice Admiral Jose Ma Ambrosio Ezpeleta of the Spanish Navy, for his part, has suggested that the country could use its own “gray area” strategy to combat China while doubling down on conventional military prowess with allies.

The Philippines ‘ important supporters were quick to show support and, consequently, condemn China’s latest actions.

Another alarming record of harmful actions by Chinese warships against Asian vessels close to Scarborough Shoal. Such steps raise conflicts and the risk of misunderstanding. ]Britain ] urges adherence to International Law and underlines the primacy of UNCLO S”, the UK Ambassador to Manila, Laure Beaufils, said on her X account.

Japan ‘s&nbsp, adviser to Manila, Endo Kazuya, criticized China’s “use of ocean gun and obstructed tactics undermine the health of ship and crew” and reiterated that” Japan upholds the rule of law and opposes any steps which increase conflicts”.

” Risky behavior against PCG and BFAR boats undermine Indo-Pacific stability and security. ]Germany ] recalls UNCLOS and the 2016 arbitrary award and calling for the value to international law”, German Ambassador Andreas Pfaffernoschke, who has overseen a major rise in bilateral security ties in the past year, wrote on his X accounts. &nbsp,

However, US Ambassador MaryKay Carlson criticized China’s “unlawful usage of water guns and dangerous manoeuvres” that” stricken a Spanish sea operation on December 4 and put lives at risk. She reiterated that the US will support a rules-based get in the area alongside its convention allies.

The Philippines ‘ most recent joint naval exercises with Japan and the US in the South China Sea coincided with these new conflicts. The training brought up the Spanish Navy send BRP Andres Bonifacio and a C-90 little aircraft, a US Navy P-8A Poseidon aircraft and Japan’s Murasame-class battleship JS Samidare.

According to the AFP and US Indo-Pacific Command, their most recent training are “in accordance with international law and with due consideration for the protection of transportation and the rights and interests of different says.” &nbsp, The allies emphasized the need to “uphold the right to&nbsp, freedom of navigation&nbsp, and overflight]and ] other lawful purposes of the sea and international airspace”.

It’s no obvious what is simply driving China’s latest activities. However, some experts believe that the Asian power is trying to create favorable conditions and a certain level of dominance before confronting the incoming Trump 2.0 administration, which may decide to use a more aggressive or transactional strategy based on the forces ‘ balance.

As Kyiv and Moscow work to design the terms of any upcoming “peace deal” under Trump, a similar, but more perilous scramble has already been occurring in Ukraine.

China even seems troubled with Manila’s foreign policy way in recent years under President Ferdinand Marcos Jr, most notably his administration’s decision to network, if not attain, the US state-of-the-art Typhon weapon system, already positioned in a northern Philippine province facing Taiwan.

In a recent editorial, the state-backed China Daily accused the Philippines of provocation, saying,” The mid-range missile launch system, which is capable&nbsp, of firing both Tomahawk cruise missiles and the SM-6 surface-to-air and surface-to-surface missiles, is aggressive in intent as it puts not only&nbsp, southern Chinese military bases within range, but also the Taiwan Strait, and a large part of the South China Sea”.

For the Philippines, on the other hand, the status quo is increasingly unsustainable. It is currently considering the use of naval assets for routine patrol missions, a powerful move that could stoke new tensions and entice China’s much larger navy to use forcefully.

Vice Admiral Ezpeleta has also discussed the potential use of unconventional tactics to better defend Philippine claims.

” We have to support the actions of our white ships, such as our coastguard. Another]method ] is we have to enhance our maritime domain awareness”, the navy chief said at a recent Senate hearing.

” I would also like to point out that one of the ways to leverage is to make friends with our allies or our like-minded navies. We have a lot of efforts, especially in our modernization, let’s say for deterrence purposes”.

The Philippine naval chief declined to provide more information about the country’s upcoming actions. The Philippines might consider using physical force without weapons to avenge harassment by Chinese marine forces, similar to India, which has been engaged in numerous clashes with Chinese forces in disputed territories in the Himalayas.

It might also think about deploying more auxiliary forces as well as receiving more assistance from civil society organizations in the disputed areas.

Additionally, a greater reliance on drones, large transport ships, and fast patrol boats is likely to be considered in order to support Philippine resupply missions that China has previously harassed in disputed waters. It is also known that the option would be to welcome direct joint patrols and an expanded over-the-horizon American military presence.

Ultimately, however, the Philippines will likely rely on support from its major allies, most notably the US. In fact, Manila is anticipated to press the incoming Trump 2.0 administration for more assurances of the mutual defense treaty in the event of a crisis as well as the transfer of high-tech weapons systems like the Typhon.

Philippine authorities are determined to hold the line until Trump is in charge to stop China from occupying the territory Manila claims as part of its EEZ.

Follow Richard Javad Heydarian on X at @Rich Heydarian

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