South Korea’s main parties hold emergency talks as impeachment vote looms

According to reports that MPs may propose a voting to impeach President Yoon Suk Yeol over Tuesday night’s briefed martial law declaration, South Korea’s major events are holding emergency sessions.

The main opposition party t is cu r claims that the vote could take place as soon as it can guarantee that the motion’s passage is approved. It is currently scheduled for Saturday.

The chief of Yoon’s ruling party demanded his immediate expulsion on Friday, claiming that he posed a “great harm” if he remained in power, the first indication his own party could then ballot with the criticism.

To get the 200 votes needed for the prosecution movement to go, the opposition needs the backing of at least eight ruling group MPs.

Han Doong-hoon, chief of the People Power Party ( PPP ), had earlier said his party would not support the opposition’s impeachment motion.

But on Friday he said said there was” reliable information” that Yoon had ordered the arrest of important politicians on “anti-state fees” on Tuesday.

He expressed worry that “extreme steps”, such as the military law declaration, may be repeated if Yoon remained in business.

The Republic of Korea and its citizens are in excellent danger as a result of these, they say.

He added that his group was aware of ideas to detain opposition leaders in a detention facility in Gwacheon, a area north of Seoul.

His statements are the first sign that the president’s personal political party may support his impeachment.

Earlier on Friday, followers of the criticism assembled on the actions of congress, armed with banners and demanding the president’s treatment.

Yoon’s attempt to impose military law shocked the nation and inseduced South Korea’s friends and financial markets.

He cited risks from “anti-state makes” and North Korea. However, it quickly became clear that his decision had been motivated by his own private social problems rather than by external threats.

After 190 Members made it into the legislature and rejected it, the attempt was immediately changed, some of them climbing gates and breaking barricades to enter the chamber.

Legislators in the opposition are concerned about a further effort to enact martial law. Some of them previously told the BBC that they were staying close to the National Assembly’s basis so they could immediately reject any like charter.

However, ruling party MP Cho Kyung-tae became the first decision group MP to formally words support for Yoon’s prosecution.

Lawmakers are tasked with making the decision between standing up for the people and supporting the troops that imposed military law, Cho said on Friday.

” I hope that all the officials of the Women’s Power will stand on the side of the people”, he added.

The money, Seoul, has seen more than two weeks of street demonstrations demanding Yoon’s departure, while police said he is being investigated for “insurrection”.

Individuals have also been flooding PPP politicians with text messages, urging them to vote for Yoon’s impeachment, according to North Korean media reports.

One MP, Shin Sung-bum, received more than 4, 000 like messages on Facebook, The Chosun Daily reported.

A survey conducted by the native poll Realmeter on Thursday revealed that more than seven out of ten South Koreans supported the impeachment.

Before his attempt to bring the nation under military rule, Yoon had been plagued by small ratings for his acceptance, corruption allegations, and a government led by the opposition that had made him a lame-duck innovator.

Hosu Lee in Seoul and Fan Wang in Singapore both provided more investigating.

Continue Reading

HSBC confirms Asia, Middle East leadership under new structure | FinanceAsia

HSBC has confirmed a number of top positions in Asia and the Middle East as a result of its global restructuring to four running products. &nbsp,

Luanne Lim and Diana Cesar will continue to lead HSBC Hong Kong and Hang Seng Bank, according to the London-based bank’s chief executive officer ( CEO ), Georges Elhedery. Maggie Ng, mind of wealth and personal finance, Hong Kong, and Frank Fang, mind of commercial finance, Hong Kong and Macau, did report directly to Lim covering financial &amp, money submission and the commercial banking businesses both. The Hang Seng Bank business leaders did report immediately to Cesar.

In a December 5 news, the banks also confirmed that Selim Kervanci, who is now chief executive of Turkey, may become CEO of the Middle East from January 1, 2025, pending regulatory acceptance. Stephn Moss, HSBC’s mind of Middle East, North Africa and Turkey, is leaving the business at the end of the time.

Mohammed Marzouqi will continue as CEO of the United Arab Emirates, Kee Joo Wong may be as CEO of India, Mark Wang may be as CEO of mainland China, and Hitendra Dave may be as CEO of the United Arab Emirates.

Co-chief professionals Surendra Rosha and David Liao, who oversee HSBC’s Asia and Middle East businesses, are in charge of the company’s Middle East and Asia Pacific operations. In his power as Asia and Middle East’s key business agent, Phillip Fellowes will continue to support Liao and Rosha with a focus on the Hong Kong company.

For the bank’s new arm, Corporate and Institutional Banking ( CIB ), Jo Miyake, interim CEO and chief commercial officer, HSBC Global Commercial Bamking, has been named head of banking, Asia and Middle East, overseeing client relationships and driving collaboration across regions and businesses. She may start in January.

Sir Danny Alexander will be based in London as the company’s CEO of equipment financing and conservation. &nbsp,

Even in Asia, Kai Zhang has been appointed&nbsp, as head of global success and top banks, Asia. Zhang is currently the head of South and Southeast Asia’s wealth and personal banking ( WPB).

Annabel Spring CEO, world private banks and riches, is leaving the bank at the end of the year to “pursue another possibilities”, while Nicola Moreau will remain as CEO, property management, and Ed Mocreiffe as CEO, plan. &nbsp,

For the complete list of changes at the London-headquartered banks made in the news, see below.

Click here for more FinanceAsia people movements. &nbsp,

¬ Plaza Media Limited. All rights reserved.

Continue Reading

Leftwing populists and far right teamed up to topple French PM – Asia Times

France’s shortest-lived state has fallen in a vote of no confidence triggered by a dispute over now-departing excellent secretary Michel Barnier’s resources.

The far-right Rassemblement National ( RN ) supported the vote in an act that Barnier described as a” conjunction of opposites,” led by the left-wing populists La France Insoumise.

The condition is burial, according to Barnier, and it will only get worse if the government is unstable and the institutions are dysfunctional. As President Emmanuel Macron moves to remove Barnier, all involved, from state to opposition, really consider how they arrived at this scenario.

The political parties of France’s officials ‘ persistent dynamic and majoritarian tendencies caused this issue. They should then take that France’s situation will only be improved by a change in this kind of tradition.

Following his group’s disappointing performance in the European Parliament elections, Macron immediately suspended the National Assembly and called for first parliamentary elections in June.

Competent parties devised a joint strategy to stop it, anticipating that the RN might have won a clear majority in the National Assembly based on its election results in the first round ( where it received 32 % of the vote ). They organized a “republican top,” which brought together center-right, centrist, and far-left legislators.

In the first and second rounds of voting, the alliance’s parties made an electoral pact that allowed one party to withdraw their applicants where it would allow another to avoid the RN from winning the desk.

This technique resulted in the RN narrowly missing being in office for the first time after years of steady help growth. Additionally, it deposed France of a lot and created three roughly equal social clusters in the legislature, each of which could not stand alone.

However, while Macron’s party was content to work with the others to stay the RN from taking office, these noble sentiments vanished when it came to power. Each party’s financial ideology was very various for them to come up with a common ground. Otherwise, the moderates created a minority government, a move that Macron’s moderates made possible by agreeing to abstain from voting in the government’s investiture in order to obstruct its course.

Brinkmanship

The RN, which had become the kingmaker due to the government’s budget approval, continued to exercise its strong dynamic instincts when it faced the current crisis.

To address a colossal public debt and correct a yawning deficit, Barnier’s budget to the parliament was difficult: €60 billion ($ 63.5 billion ) needed to be discovered. To the president’s breaks, it tried to spread the pain consistently ( though not likewise ) across the board through a mix of tax rises and spending cuts.

A compromise would need to be reached between the government and the RN in order for the budget to be passed. But here again, a strict majoritarian logic was at play.

The RN alleged that the government was being kept out of the open and that it wasn’t being heard. In that respect, the RN was correct. Barnier himself proclaimed to be open to conversation but not to bargaining.

The RN drew its red lines and issued its demands, focusing on the measures that would be most immediately felt by voters, knowing that the key to ratifying the budget was to be found. It wished to stop the reintroduction of electricity taxes and make a U-turn on the proposed reductions in medical prescription reimbursements. Additionally, it demanded that pension payments be immediately indexed.

The government conceded, first over the electricity prices, then over prescriptions, until Barnier finally decided that was enough. The government was unable to advance without halting its plans to restructure public spending and without losing face to blackmail.

And this is essentially what the entire exchange was about. The RN’s demands were also a form of repentance for the leftists and a rehashing of its earlier threats to lower the government.

Barnier has a thorough understanding of the game to which he was subjected, and is a seasoned politician. Therefore, he chose to make the vote about the “responsibility of the government” rather than the budget. In order to do this, he cited a constitutional provision that permits the government to pass laws without the approval of the parliamentary majority.

He did this because he knew the opposition parties ‘ only way to stop him would be to hold a confidence vote and to overthrow the government. The RN welcomed the motion, which was brought forward by the left-wing New Popular Front.

Why would Barnier’s plan to obliterate the government in this way? To re-engage the RN and make it confront the risks that its own behavior carries was a constant display of the competitive and majoritarian logic.

What happens next?

The RN now has to navigate the unknown waters that it has pushed the nation. The government has fallen, but fresh elections can’t take place until July. In the interim, a technocratic caretaker government will be in power, causing political stagnation in France.

However, this paralysis has shook the credit markets and caused the French government’s borrowing costs to rise. If the electorate believes it to be responsible, it is a problem for the government, but it is also a problem for the RN.

Many of the RN’s core supporters have an anti-system attitude. Because it is a part of an establishment, they always will be opposed to the government.

But the RN will never win office, and certainly not the presidency, by relying solely on this core base. It needs support from moderate centre-right voters, including those with economically liberal inclinations, who prize economic stability above all. Alienating them is not an option.

As Barnier had intended, the budget dispute has highlighted these internal tensions and harmed the RN’s prospects.

In the hope that Macron can only do so much as resign, the RN’s most likely response is to try to shift the blame back onto the government. Le Pen is waiting in the distance.

Simon Toubeau is an associate professor at the University of Nottingham’s School of Politics and International Relations.

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

Continue Reading

South Korean president under pressure as impeachment vote looms

As parliament draws nearer to a ballot on his impeachment, South Korean President Yoon Suk Yeol is under increasing pressure to resign as president of the country for his failed attempt to impose martial law.

A second evening of street protests in the capital Seoul demanded Yoon’s departure while police claimed he was being looked into for “insurrection.”

Even though the president’s party has stated that they oppose it, the criticism is pressing for a ballot on the Yoon impeachment movement on Saturday.

To complete the motion’s two-thirds lot in the 300-seat parliament, it needs at least eight Yoon’s group members to support his impeachment.

When Yoon made the unexpected declaration of martial law later on Tuesday night, South Korea was in democratic upheaval.

He cited risks from “anti-state makes” and North Korea. But, it quickly became apparent that his decision was spurred by his own private social problems rather than by external threats.

Six hours later, Yoon reversed the charter after MPs rejected it. Some legislators jumped over barriers and barricades to pass safety forces in order to join in parliament and revoke Yoon’s decree.

His attempt to impose martial law has sparked outrage and city demonstrations in the media. He has not spoken out in public since early on Wednesday when he reversed his choice.

Prior to his attempt to bring the nation under martial rule, Yoon had been plagued by small ratings for his acceptance, corruption allegations, and an opposition-led government that had rendered him a lame duck head.

More anti-Yoon demonstrations are expected to take place in Seoul afterwards on Thursday. As individuals join in after school or function, they are anticipated to get bigger. There have also been a few demonstrations in his name, but they have been significantly smaller.

In the event that Yoon attempts to revoke another military rules order, some politicians are also staying close to the National Assembly to make sure they are prepared to do so.

According to Woo Jong-soo, head of the National Investigation Headquarters of the National Police Agency, authorities have begun an investigation into Yoon for admitted uprising following a complaint from the criticism. Beyond political resistance, rebellion is passible to death.

On Thursday, the National Assembly began its investigation into the military law charter.

According to opposition Democratic Party lawmaker Kim Seung-won,” the Yoon Suk Yeol government’s declaration of disaster military law caused excellent confusion and fear among our people.”

Yoon’s defence secretary, Kim Yong-hyun, resigned on Thursday and took full responsibility for the military law declaration.

Interior Minister Lee Sang-min told the legislature hearing that Kim had suggested military law to Yoon. Similar studies have been reported in South Asian media.

During the reading, it became apparent that some people knew about Yoon’s program. The evil defence secretary, Kim Seon-ho, said he learnt about it on the media.

Army captain Park An-su claimed that the language of the martial law recognize had only been delivered to him on Tuesday night.

” We were four of us who were going through the document,” the author said. We are specialists in the military, but we are not professionals in martial law. What should we do, what should we do, and when should we do it? he told MPs.

Late on Wednesday, a movement to oust Yoon was filed in parliament, and North Korean law mandates that it be put to a vote within 72 hours.

The Democratic Party, the main criticism, is urging people to cast ballots on Saturday night.

If the senate is approved, the president may be instantly suspended from company, while the prime minister becomes acting president.

A test will then be held before the Constitutional Court, a nine-member committee that oversees South Korea’s branches of government. The process could take up to 180 times.

If six of the court’s people vote to preserve the prosecution, the president may be removed from office.

Continue Reading

South Korea’s sloppy coup attempt: Why’d Yoon do it? – Asia Times

Editors seeking a tale typically concentrate on answering the “five Ws,” but in South Korea that has often been challenging.

That was undoubtedly the case during a time of military rules in the 1970s and 1980s, when the military-backed authorities had all the means to terrify Asian editors. Federal officials were known to use wiretaps to spie on international journalists, and they even blackmailed some of them after being caught in honey traps with sexual partners.

The nation has become more transparent since it first became a republic in 1987, and a shoddy coup attempt by President Yoon Suk Yeol failed before any judges from the coup plotters ‘ group may prevent the world from learning the fairly completely compiled responses to four of the five W questions regarding the incident: the who, the what, the when, and the where.

It appears that Yoon colluded with some members of the military by appointing General Park An-su, the chief of staff of the Republic of Korea Army, to be in charge of military rules. But, in the National Assembly in Seoul on Tuesday ( December 3 ), with soldiers in battle gear trying to get in and shut down the country’s parliament, Yoon’s own civilian party leader turned on the president.

Yoon had stacked the defense with loyalists. but he hadn’t protected his civil side. He had decreed military laws, but his order was rejected in congress.

We’re still waiting to see if the public and his quick boss, Defense Minister Kim Yong-hyun, who are reportedly held responsible by the leader for poor advice, resign, and how the whole situation ends up having an impact on the president’s reputation, who is apparently very unhappy halfway through a five-year elected term.

Some people will feel justified in joke describing the situation as a ludicrous returning to 1980s politicians from responses to those four Ws. As Karl Marx said: First moment drama, next day comedy.

But in reality we don’t hear quite enough to be certain that’s a good judgment. The second W, or “why,” is what has been lacking in this story thus far. Yoon did it for what reason?

Begin with the description he gave in his televised statement announcing martial law on Tuesday night in Seoul:

I therefore declare crisis martial law to protect a liberal South Korea from the dangers posed by North Korea’s communist troops and to stop anti-state groups from plundering people’s freedom and happiness.

This give the president the benefit of the doubt and believe, for the moment, for purposes of figuring things out, that he was advised to do so by his troops.

Retired US Marine Colonel Grant Newsham, who frequently writes for Asia Times about military issues, says in an message that he is” curious to know why he did it and why the army went down.” In response to Yoon’s mention of” challenges posed by North Korea’s socialist causes, Something specific? If not, not a good move”.

Let’s find out why the defense minister and the army under General Park continued to support Yoon’s plan until National Assembly lawmakers stood up and voted to reject the presidential order.

First, there is, indeed, a history here. The military-backed regime rolled back in the 1970s and 1980s by using an alleged heightened threat from North Korea as a pretext for grabbing power.

One of the two authors in the article you’re reading, who is asking today if the Seoul Hilton concierge is still holding his gas mask and helmet in preparation for the following round, was directly involved in this situation.

The North did not resist the temptation to move militarily south in large enough units to be found after the assassination of South Korean President Park Chung Hee on October 26, 1979, at a time when there was great conflict in the South. Some of the reports coming out of Seoul to the contrary were pure lies created by the forces supporting ailing Major General Chun Doo-hwan’s ultimately successful power grab.

South Korean government officials were caught red-handed by reporters from the Baltimore Sun Tokyo bureau in fabricating a report that claimed Northern plans to invade the South appeared to be taking off.

Prime Minister Shin Hyon-hwak claimed that a” close ally” had informed the government that North Korea’s infiltration-trained Eighth Army Corps had been a long distance from intelligence surveillance in a briefing with South Korean journalists on May 10, 1980. The unit might show up in South Korea, perhaps between May 15 and May 20.

At the time, South Korea had only two” close allies”, the United States and Japan. Thus it was a simple matter to check, and to report in the Sun the next morning, that neither ally had provided this information.

Instead, the Japanese said the South Koreans had been trying to peddle the “intelligence” to them, claiming it came from China – a country that certainly was not a close ally. A Japanese source blatantly stated,” The South Korean inquiry appeared to be something of an advertising balloon.

With this historical background, it should have been no surprise on early on Wednesday when the military announced that no unusual North Korean movements had been detected after the South Korean special forces soldiers assigned to enforce martial law had left the premises and the mission had been abandoned.

What do you believe Kim Jong Un will accomplish? asks Stanford’s Daniel Sneider, whose Asia Times byline is familiar to you, dear readers. ” Sit tight and enjoy the show, I imagine”.

In fact, Kim Jong Un of North Korea doesn’t believe it’s time to act now that the recent events on Seoul’s streets don’t sound remotely sufficient.

Korean Military Academy loyalists dispute the claim that North Korean forces even actively participated in the Gwangju uprising a little later in May 1980, when Seoul’s streets were on fire.

They contend that Chun and his sidekick Roh Tae-woo, both of whom were honorable KMA graduates and later became president, would not have oppressed the populace in the manner that those two and their special forces subordinates were, and that doing is said to have contributed to the uprising.

History as guidance has its limits. Before the soldiers who enforce martial law stood down at the National Assembly, Sneider noted in an email that” we will have to see how much of the army follows the orders.” ” This is not 1979 or 1980″. &nbsp,

Moving on, and again giving Yoon the benefit of the doubt, note that, in the president’s justification for martial law, he tied North Korea to “anti-state” elements at home.

Yoon has been a significant critic of pro-North groups who he believes are attempting to politically overthrow South Korea with some success. We all seem to be at odds with South Korea and its allies that this is a serious issue. The Asia Times has long been making it known.

However, it is not a new problem. Moon Jae-in’s five-year noticeably pro-North presidency immediately preceded Yoon’s taking up residency in the Blue House. And Kim Jong Un did not occupy South Korea at the time.

We are not aware of the evidence if the issue has reached the certifiable Fifth Column stage and needs to be recognized as an emergency that warrants the establishment of a new military dictatorship.

One more element of this subject might be involved here. Very likely, there was no measurable, more significant threat from North Korea. The entire world was furious at the deployment of North Korean troops to Russia, allegedly even to the Kursk frontline, so Yoon made the perfect hints at one.

Oh, and add one more thing: Yoon and the military may have intended to stop Trump from speaking with Kim again. What does the not-quite new background tell us about Yoon’s motivation to pull the martial law stunt at this specific time, though?

Here we must get into purely domestic politics. Yoon has a history of fighting with his own party leader Han and rules against an opposition majority in parliament. With a tight budget, the opposition wants to stifle him, and they’ve got to go after his wife on corruption charges as well.

Meanwhile, apparently the drill is to take a leaf out of ancient South Korean 1970s and 80s history, hype the North Korean threat and rule by decree. Yoon’s move had some potential success, as the president had stacked the military against rebellious anti-North Korean sympathisers. But the venture failed.

Where do we go from there in this argument? Even deeper into domestic politics, probably. Stay tuned for that.

” This is an act of political suicide”, says Newsham. ” Yoon did a shoot, ready, aim sort of thing. He’s right about pro-NK and pro-CCP elements in the opposition. But, man, this doesn’t look good. Hard to put the egg back together. It’s not difficult to imagine a few parties who can benefit from this turn of events if one is a chess player.

Uwe Parpart&nbsp, is publisher and editor-in-chief of Asia Times. Follow him on X @uwe_parpart

Associate Editor Bradley K. Martin covered the democratization movement in South Korea for Newsweek and the Baltimore Sun before moving on to the Baltimore Sun. Follow him on X @bradleykmartin

Continue Reading

Commentary: Parents, encourage your children to learn chess – but be clear about its benefits

RESEARCHDOESN’T BACK UP OUR Values

However, it’s crucial to harbor a healthy dose of skepticism in relation to these seemingly natural values. Just as in game, one may assess positions honestly and understand also “obvious” moves and captures.

Amazingly, there are only a handful of thorough and well-designed study studies on the effects of games on children. And they suggest no consequence when it came to focus, concentrate or imagination.

The research at Monash University, led by Associate Professor Lee Wang Sheng, one of my previous Raffles Institution game teammates and one of the best people in Asia at his time, focused on primary school students in Bangladesh in 2016. The kids who learned learned to assess threats more effectively and were less risk-averse than those who did not.

There is no conclusive evidence that reading or studying game improves one’s scientific skills, despite the findings of the Monash University research and another major trial conducted on over 4, 000 children in England.

Chess, along with other games like solitaire and weiqi, are associated with better mental health in adults, lowering the risk of dementia and halting cognitive decline. The majority of the research studies published today are smaller and do not attempt to establish a causal relation.

Continue Reading

India’s K-4 missile a nuclear shot across China’s bow – Asia Times

India’s strategic nuclear arsenal took a bold leap forward with the first operational trial of a new submarine-launched ballistic missile, setting the stage for intensified rivalry with China and Pakistan in the Indian Ocean.

Last month, Indian Research Defence Wing (IDRW) reported that the INS Arihant, India’s first nuclear-powered ballistic missile submarine (SSBN), successfully tested the K-4 submarine-launched ballistic missile (SLBM).

The K-4 SLBM has a range of approximately 3,500 kilometers and represents a substantial upgrade over the K-15 missile, which has a range of only 750 kilometers. The IDRW report notes the trial marked a crucial step in integrating long-range SLBMs into India’s underwater strategic forces, enhancing the nation’s nuclear second-strike capability.

The K-4’s tests were conducted from submerged platforms, ensuring the missile’s effectiveness in realistic underwater launch scenarios, the IDRW report said. The successful trial underscores India’s commitment to maintaining a credible minimum deterrent while adhering to its no-first-use nuclear doctrine.

The K-5 SLBM, which is under development and has a range of over 5,000 kilometers, will further bolster India’s strategic capabilities.

In a September 2024 article for the Bulletin of Atomic Scientists, Hans Kristensen and other writers mention that the K-4’s capabilities are similar to those of the Agni-III intermediate-range ballistic missile (IRBM).

Kristensen and others say that India’s Defense Research and Development Organization (DRDO) claims the K-4 reaches “near zero circular error probability,” although they view that statement skeptically. They assess that the K-4 can hit all of Pakistan and most of China from protected bastions in the northern Bay of Bengal.

They write India’s SSBNs have launch tubes that carry one K-4 or three K-15 SLBMs. While they note rumors and speculation that the K-4 SLBM has multiple independently targetable re-entry vehicle (MIRV) warheads, this seems unlikely, given the missile’s limited capability.

However, that may change soon. In March 2024, Asia Times reported that India had successfully conducted its first flight test of the Agni-5 missile equipped with MIRV technology, marking a significant advancement in its strategic defense capabilities.

The test, carried out on Abdul Kalam Island in the Bay of Bengal, positions India among the elite nations with MIRV technology, including the US, UK, France, China, Russia and Pakistan.

Integrating MIRV technology enhances India’s second-strike capability, complicating adversaries’ missile defense strategies and reinforcing its no-first-use nuclear policy.

Further, Kristensen and others mention that senior Indian defense officials have stated that the DRDO is planning to develop a 5,000-kilometer-range SLBM based on the land-based Agni-V. This would enable Indian submarines to strike targets across Asia as well as various regions of Africa, Europe and the Indo-Pacific area, including the South China Sea.

Debak Das mentions in an April 2024 Bulletin of Atomic Scientists article that India’s sea-based nuclear arsenal, possibly equipped with MIRV SLBMs, will be the cornerstone of its second-strike capability and could seek to nullify China’s recent advancements in missile defense. He notes that MIRV-ed SLBMs will bolster the Indian Navy’s “continuous at-sea deterrence” capability, ensuring survivable nuclear force during a first strike.

China is unlikely to ignore such developments. In June 2024, Asia Times mentioned China’s growing naval presence in the Indian Ocean.

China’s potential utilization of its economic influence to secure base access at Gwadar in Pakistan and Hambantota in Sri Lanka, thereby strengthening its sole overseas military installation in Djibouti, could contest India’s supremacy in the Indian Ocean and heighten India’s concerns regarding encirclement.

While China’s base in Djibouti can facilitate its naval operations in the Indian Ocean, it is situated at the terminus of fragile supply lines, isolated and operationally constrained due to the lack of mutual support from other Chinese military installations in the Indian Ocean.

However, China’s dual-use commercial facilities at Gwadar and Hambantota have emerged as significant nodes for its naval operations.

Due to its geographic location, military significance and the involvement of a Chinese port operator, Gwadar has the potential to serve as a long-term rest and replenishment site for China’s People’s Liberation Army – Navy (PLA-N).

Further, certain factions within the PLA perceive Chinese access to the Gwadar base as effectively secured, with one PLA officer reportedly remarking, “The food is already on the plate; we’ll eat it whenever we want to.”

Hambantota is likely to become China’s next military base in the Indian Ocean. China has direct control of the facility, constituting its most significant port investment overseas.

From a military perspective, Gwadar and Hambantota can facilitate a sustained Chinese naval presence in the Indian Ocean, potentially threatening India’s sea-based nuclear deterrent.

However, the US may also factor in this negative Indian Ocean feedback loop. In a May 2024 report for the National Bureau of Asian Research (NBR), Rajeswari Rajagopalan mentions that India’s nuclear program has been driven more by threats from Pakistan than China.

Rajagopalan says that China’s accelerated modernization of its nuclear forces—marked by the development of long-range, land-based missiles and a potential arsenal expansion to thousands of warheads—has raised alarm in India.

She states this growth threatens India’s doctrine of minimum deterrence and could pressure India to reconsider its no-first-use policy, especially as China’s nuclear strategy moves toward parity with the US as the latter modernizes its nuclear arsenal.

She mentions these implications extend to border disputes, where a more assertive Chinese nuclear posture might encourage China to escalate conventional conflicts with India, such as their ongoing border dispute in the Himalayas.

Continue Reading

Australian social media ban on under-16s approved by Senate

Australia will ban children under 16 from using social media, after its Senate approved the world’s strictest laws.

The ban – which will not take effect for at least 12 months – could see tech companies fined up to A$50m ($32.5m; £25.7m) if they don’t comply.

Prime Minister Anthony Albanese says the legislation is needed to protect young people from the “harms” of social media, something many parent groups have echoed.

But critics say questions over how the ban will work – and its impact on privacy and social connection – have been left unanswered.

This is not the first attempt globally to limit children’s social media use, but it involves the highest age limit set by any country, and does not include exemptions for existing users or those with parental consent.

“This is a global problem and we want young Australians essentially to have a childhood,” Albanese said when introducing the bill to the lower house last week. “We want parents to have peace of mind.”

Having passed the Senate by 34 votes to 19 late on Thursday, the bill will return to the House of Representatives – where the government has a majority meaning it is sure to pass – for it to approve amendments, before becoming law.

The legislation does not specify which platforms will be banned. Those decisions will be made later by Australia’s communications minister, who will seek advice from the eSafety Commissioner – an internet regulator that will enforce the rules.

Gaming and messaging platforms are exempt, as are sites that can be accessed without an account, meaning YouTube, for instance, is likely to be spared.

The government says will it rely on some form of age-verification technology to implement the restrictions, and options will be tested in the coming months. The onus will be on the social media platforms to add these processes themselves.

However digital researchers have warned there are no guarantees the unspecified technology – which could rely on biometrics or identity information – will work. Critics have also sought assurances that privacy will be protected.

They have also warned that restrictions could easily be circumvented through tools like a VPN – which can disguise a user’s location and make them appear to be logging on from another country.

Children who find ways to flout the rules will not face penalties, however.

Polling on the reforms, though limited, suggests it is supported by a majority of Australian parents and caregivers.

“For too long parents have had this impossible choice between giving in and getting their child an addictive device or seeing their child isolated and feeling left out,” Amy Friedlander, who was among those lobbying for the ban, recently told the BBC.

“We’ve been trapped in a norm that no one wants to be a part of.”

But many experts say the ban is “too blunt an instrument” to effectively address the risks associated with social media use, and have warned it could end up pushing children into less regulated corners of the internet.

During a short consultation period before the bill passed, Google and Snap criticised the legislation for not providing more detail, and Meta said the bill would be “ineffective” and not meet its stated aim of making kids safer.

In its submission, TikTok said the government’s definition of a social media platform was so “broad and unclear” that “almost every online service could fall within [it]”.

X questioned the “lawfulness” of the bill – saying it may not be compatible with international regulations and human rights treaties which Australia has signed.

Some youth advocates also accused the government of not fully understanding the role social media plays in their lives, and locking them out of the debate.

“We understand we are vulnerable to the risks and negative impacts of social media… but we need to be involved in developing solutions,” wrote the eSafety Youth Council, which advises the regulator.

Albanese has acknowledged the debate is complex but steadfastly defended the bill.

“We all know technology moves fast and some people will try to find ways around these new laws but that is not a reason to ignore the responsibility that we have,” he has said.

Last year, France introduced legislation to block social media access for children under 15 without parental consent, though research indicates almost half of users were able to avoid the ban using a VPN.

A law in the US state of Utah – which was similar to Australia’s – was overturned by a federal judge who found it unconstitutional.

Australia’s laws are being watched with great interest by global leaders.

Norway has recently pledged to follow in the country’s footsteps, and last week the UK’s technology secretary said a similar ban was “on the table” – though he later added “not… at the moment”.

Additional reporting by Tiffanie Turnbull in Sydney

Continue Reading

Capital Group appoints Apac MD for global financial institutions | FinanceAsia

Capital Group, an active asset manager with over US$2.8 trillion in assets under management (AUM), has appointed Marketa Dvorak as managing director, global financial institutions (GFI) in Asia Pacific (Apac).

Dvorak (pictured) will continue to be based in Singapore and reports to London-based Nick Shaw, head of client group, GFI, who oversees GFI operations in both Asia and Europe.

Dvorak started earlier this month on November 11 and was previously managing director, global wealth management, Apac, at Wellington Management, according to her LinkedIn prodiles.

The aim is for Dvorak to deepen and expand Capital Group’s relationships with major financial institutions based across Apac, according to a media release. Her responsibilities will include working with local client groups, including global and regional distributors, supoporting strategic objectives and support clients in the region with value-added services beyond investing, according to the release.

Shaw said in the release: “We hear from global financial institutions that they want fewer partners and expect more from their asset manager. We’re committed to supporting our partners across the region to meet their needs and their clients’ financial goals. Apac is a key growth market for Capital Group where we have been serving investors for more than 40 years.”

Dvorak commented, “I’m excited to join Capital Group in this role, dedicated to growing and establishing strategic relationships with global financial institutions in the Apac region. I look forward to collaborating with our team around the world to further build upon the momentum with GFI partners both globally and locally, and support more investors in the region.”

For more FinanceAsia people moves click here


¬ Haymarket Media Limited. All rights reserved.

Continue Reading