IHT COLUMNS BY PHILIP
BOWRING
Hongkong:
Neighbors may need to worry as much about Korean nationalism
as about China.
Revanchism and xenophobia are as Korean as electronics and Ban
Ki Moon. For
full story click here
Chita,
Russia: On the Trans-Siberian near China and Mongolia
history has served many surprises. What's next for this
mineral rich land of Russians and Buryats? For full story click
here
Hongkong:
Developing Asia has mostly itself to blame for the soaring
price of oil. It is the main source of new demand thanks in part
to
its consumption subsidies. For
full story click here
Hongkong:
Corn is soaring but sugar is dirt cheap. Subsidies and
trade restrictions explain the panic over food supplies and
the obstacles to efficient
farming. For full story click here
Hongkong:
Tsunami and earthquakes in Sumatra, cyclones in Bangladesh
give insights into the human role in losses from natural disasters
in Sichuan and Burma. For
full story click here
Hongkong:
Following the rice price surge, Asia
is awash with un-neighbourly and counter-productive proposals.
Badly
needed
is more rice trade,
and fewer subsidies. For full story click here
Hongkong:
The Olympic torch relay shows the Hongkong government
excelling at bringing politics into sport,
and bangs a drum of
ethnic identity as well as nationalism. For full story click here
Hongkong:
The rice price spike is more than a passing problem.
Land, labour, water and environment are output restraints not
shared by all other food staples. For
full story click here
Kuala
Lumpur: The struggle for UMNO leadership and the future
role of Anwar Ibrahim make exhilarating post-election politics
but with fears as well as hopes. For
full story click
here
Hongkong:
Tibetans have a strong case but mixing it with the Olympics and
Darfur threatens nationalist reaction and enhanced trade and international
tensions. For
full story click here
Hongkong:
Ma Ying-jeou's election significance lies as much in
economic and foreign policy issues and the end of legislative
deadlock as in cross-straits ones. For
full story click here
Ho
Chi Minh: Vietnam is now paying the price in inflation
and falling stocks for 2007over-exuberance.
More financial stress lies ahead but the longer term is still positive.
For full story click here
Hongkong:
Troubles in Tibet, more probably in Xinjiang
and perhaps with Koreans. Communist centralism, Han chauvinism
and security issues impede compromise. For full story click here
Hongkong:
Malaysia's election may decide if Abdullah Badawi's
gets stronger or even weaker but wont solve the problem of a
static, race-based political system. For
full story click here
Hongkong:
Western support for Kosovo independence worries an Asia
with its own potential Kosovo's and like the Balkans still struggling
with old imperial borders. For
full story click here
Hongkong:
Thailand again has an elected prime minister but the
truce between pro- and anti-Thaksin forces is uneasy and dubious
names cloud Samak's ministry. For
full story click here
Hongkong:
Media obituaries of Suharto are over the top, a focus
on brutality and corruption being out of perspective and at odds
with most local perceptions. For
full story click here
Hongkong:
Tax boosts and interest cuts in the US boost markets
but delay global adjustment and increase the
threat of protectionism which
will
hurt Asia. For full story click here
Hongkong:
Thaksin's surrogate People Power Party victoryis a blow
to the conservative camp but a Samak-led government may be little
advance for democracy. For full story click here
Hongkong:
The landslide KMT victory was a verdict on Chen Shui-bian.
But Ma Ying-jeou cannot be sure that voters want a KMT president
as well as parliament. For
full story click here
Hongkong:
Benazir's killing adds to the problem of
Musharraf. But neither she nor Nawaz Sharif had political careers
which inspired hope for improved government. For full story click
here
Hongkong:
The US and EU are opening the money supply
spigots even further. But their Asian
creditors need beware of inflation eroding paper assets. For full
story click here
Sydney:
Prime minister Rudd is quick to embrace Kyoto and brings
new attitudes to foreign policy. But cutting carbon is tough
and foreign policy options limited. For
full story click here
Hongkong:
A mass demonstration by Malaysia's Indians raises the
domestic temperature and the likelihood of its racial policies
becoming
an international issue. For full story click here
Hongkong:
ASEAN's charter and fortieth anniversary summit are a
flop. The lowest common denominator (Burma) and empty declarations
rule the meeting. For
full story click here
Hongkong:
Macau and Hongkong money machines are becoming the
cockpit for a struggle for the soul of an increasingly corrupt
Chinese
party
leadership. For full story click here
Hongkong:
Malaysia's weak leadership by Abdullah Badawi is exposing
deep problems arising from an outdated race-based political
and privilege structure. For full story click here
Hongkong:
US ability to influence its friends, let alone its enemies,
has been seriously eroded by Iraq and other policies as rebuffs
in India, Japan and Korea illustrate. For full story click here
Jakarta:
Indonesia needs to play a larger role in regional and
international affairs. It has much to teach others about diversity
in Islam,
pluralism and democracy. For full story click here
Hongkong:
The Chief Executive's agenda for his new term suggests
a push for patriotism and One Country rather than leveraging
its Two Systems advantages. For
full story click here
Hongkong:
It should not be as dfficult as assumed to revive North
Korea's once industrialized economy. But Kim Jong-il remains fearful
of the neccessary steps. For
full story click here
Hongkong:
Western outrage over Burma's brutal regime is justified
but change will only come with luck,
many carrots and
the leadership
of Asian neighbors. For full story click here
London:
The financial crisis in the west is a reminder
of the Asian crisis. But the US resists the same nasty but necessary
medicine it once prescribed for Asia. For full story click here
Hongkong:
Philippine Ex-president Estrada has been found guilty.
But do not imagine that this is the beginning of a general clean-up
of political
corruption For full story click here
Dalian:
China is beginning to export inflation.The
era of falling goods prices is over as food and energy plus a rising
Yuan
feed into wages and export prices For full story click here
Hongkong:
The APEC summit in Sydney may be the last to attract
so many heads of state. Bilateral meetings take precedence over
the group's
vapid agenda. For full story click here
Hongkong:
Malaysia has much to celebrate after 50 years of independence.
But it has a lot to do to create a real Malaysian identity transcending
race and religion. For full story click here
Hongkong:
Asia has sneezed violently following the US credit crisis.
But that is partly because of its own liquidity. Expect a bad
cold when the US gets pneumonia. For
full story click here
Hongkong:
Japan remains out of fashion but at a time of credit crisis it
is wel to remember that low interest rate, low goal Japan is the
safest rich country on earth. For full story click here
Hongkong:
Obsessing about the Middle East while ignoring Asia and
ASEAN, the US is disappointing its friends and neglecting its long-term
interests. For full story click here
Hongkong:
Sovreign Wealth Funds are in vogue. But rising nationalism
and the sheer size of east Asian and oil-exporter reserves limit
them as investment vehicles. For full story click here
Hongkong:
With a new constitution to be put to voters, normalcy
may be returning to Thailand. But do not count on it. Too many
similarities to 1992 exist -- plus Thaksin. For
full story click here
Hongkong:
Ten years after the crisis, Asia has learned
lessons but the west fails to see how similar
are now its debt, asset bubble and currency mismatches. For
full story click here
Taipei:
Contrary to fears, Taiwan elections and the Beijing Olympics may combine to improve cross strait rerlations
and boost Taiwan's economy, currency and stocks. For full story
click here
Hongkong:
Expectations then determine today's handover scorecard.
No disaster and an OK economy. But missed opportunities,
cronyism and erosion of autonomy. For full story click
here
Hongkong:
Arrests in Indonesia, arrests and releases
in Singapore suggest success in the war on terror. But fog abounds
while bigger local wars continue.
For full story click here
Hongkong:
A major but unspoken reason for China to avoid pricking the stock
bubble is that IPOs are the easiest legal way for party insiders
to get rich very quick. For full story click here
Kuala
Lumpur: Court decisions in Malaysia (on religion) and
Thailand (on Thaksin) are blows by entrenched political interests
against
liberal and plural democracy. For full story click here
Hongkong:
The US-China Strategic Economic Dialogue needs to focus
more on what they can do to safeguard the global trading and
financial systems. For
full story click here
Kyoto:
East Asia's abysmal birth rates suggest
it may have something to learn from North European welfare systems,
and even from women's sexual independence. For
full story click here
Kyoto:
The Philippine mid-term election has no chance of
inducing change. The
electoral system
reinforces feudal structures and promotes celebrity status over
policy. For full story click here
Hongkong:
The focus of Shinzo Abe's Washington visit on the issues
of 70 years ago shows his failure to use Japan's US links to raise
its
own global role. For full story click here
Hongkong:
Wen Jiabao's Japan visit demonstrates China's finesse in hiding
hard realism while using soft power and Wen's modest charm to
good effect. For full story click here
Hongkong:
Charges of lese majeste are again being wheeled
out in Thailand as the junta endeavours to stifle criticism. In
the
longer run
the monarchy could be the loser. For full story click here
Hanoi:
Vietnam's investment attractions could
be damaged by a flood of foreign money, driving up stock prices
and perhaps
endangering a half-reformed banking system. For full story click
here
Hongkong:
The US-Korea Free Trade Agreement may bring the two
short term benefits but proliferation of FTAs are a danger to
the world trading system. For
full story click here
Hongkong:
Chosen by a tiny electorate, Chief Executive Tsang will
need to show that he is not entirely a creature of self-serving
business and
bureaucratic interests. For
full story click here
Macao:
The once sleepy enclave has lost its charm as it rivals
Las Vegas. The gamblers are coming but hotel and shopping investments
are an outsize gamble. For
full story click here
Hongkong:
Most of Asia has kept its
eyes shut and hoped for the best rather than taking pre-emptive
action to limit theimpact of an inevitable
US recession. For full story click here
Hongkong:
Steep falls in global markets started in Shanghai but
China's role is exaggerated. The US and Japan are more
to blame
for global asset bubbles. For full story click here
Sydney:
Australia's tradition of cutting "tall poppies" down to
size is fast disappearing as money trumps mateship and egalitarianism
gives
way to inquality. For full story click here
Sydney:
John Howard's criticism of Barack Obama over Iraq is hypocritical,
focuses attention on Australia's policy failings and will help
rising Labor star Kevin Rudd. For full story click here
Hongkong:
A decade after the handover not too much has changed.
Even on a 30 year scale it has developed rather
than being transformed like many Asian cities. For full story click
here
Hongkong:Optimism
about India has boiled over. The economy
and stocks are over-heated and hubris is behind buying big foreign
names rather than investing at home. For full story click
here
Hongkong:
The Bank of Japan's failure to raise interest rates is
prolonging the carry-trade and global financial bubbles and
doing nothing
to spur local consumption. For full story click here
Hongkong:
Viewing Davos 2007 from afar suggests nothing has changed
in its western, trend following focus. It is fun for participants
but over-hype by the media. For
full story click here
Hongkong:
China's satellite destruction may signal the start of
the overt militarisation of space. The US may respond by stepping
up efforts to protect its space assets. For full story click
here
Hongkong:
The ASEAN and East Asia summits in Cebu underline the
low profile in the regional of a Mid-east focused US. As a result,
China scoresmany points. For full story click here
Hongkong:
A dubious rape conviction of a US marine underlines
the downside of the US miitary presence and the deep split in
Philippine attitudes to the US. For full story click here
Hongkong:
Thailand has made a mess of trying to rein
in the baht with currency controls but Japanese
and Chinese currency policies
are the root cause of disorder. For full story click here
Hongkong:
A new king for Malaysia and survival doubts for Nepal's
king reminds that Asian monarchs rise and fall. And some wait
in hope of restoration. For
full story click here
Hongkong:
The Paulson led delegation to Beijing suggests a US obsession
with the China trade deficit to the exclusion of other issues and
countries. For full story click here
Bangkok:
The King's Birthday and Constitution
Day remind of the instability of Thai institutions and the metropolis'
uncertain commitment to democracy. For full story click here
Hongkong:
Failure to tackle pollution threatens Hongkong
and reveals a political system beholden to money. In Indonesia
too money trumps the environment.For full story click here
Hongkong:
The Delhi China-India summit says more about their views
of themselves as global players than reflecting mutual commercial
or political interests. For full story click here
Hongkong:
The APEC summit's focus on a strategic issues -- North Korea --
not crucial trade and economic onesemphasises its lack of a real
role. For full story click here
Hongkong:
The US mid-term election results offers promise and problems
for Asia -- a move away from unilateralist politics, but also towards
protectionism. For full story click here
Hongkong:
The summit of African leaders in Beijing reminds of Chou
Enlai's 1964 drive for African friends. China is now more powerful
-- but
others are too. For full story click here
Hongkong:
North Korea's goal? The bomb aims of Pyongyang and would-be
national hero Kim Jong-il are psychological: face, glory and
US recognition. For
full story click here
Hongkong:
The mania for Chinese bank
shares not only looks a dubious investment but defines the excess
global liquidity created
by the US & China. For full story click here
Hongkong:
The Malay elite is giving Islam and Malaysia a bad name,
clinging on to racial privileges and silencing
those who claim NEP goals have been reached. For
full story click here
Hongkong:
International alarm over the North Korean nuclear test is not reflected
by financial markets, even in east Asia. The markets are most likely
right. For full story click here
Hongkong:
Asia will welcome Abe's desire for Japan to play a larger
role. History and current interests explain why most do not share
the fears of China. For
full story click here
Hongkong:
A stronger central government (and Communist
Party) may be needed to address China's pollution, water, corruption
and wealth distribution issues. For full story click here
Hongkong:
The Thai coup is the result of the failure of three parties
to follow democratic rules. One is Thaksin, another the Democrats
and the third: a power hungry palace. For
full story click here
Jakarta:
President Yudhoyono's first two years have seen
unity and stability achieved by balancing forces.
But more
decisive leadership is also needed. For full story click here
Jakarta:
Sending 1,000 peacekeepers to Lebanon is evidence
of Indonesia's desire to projectitself and Muslim moderation and
pluralism in the Middle East. For
full story click here
Hongkong:
Malaysia's identification of Malays with Muslims looks
increasingly at odds with Islam and national unity, particularly
vis a vis Sabah and Sarawak For full story click here
Cebu:
A dirty war between the government and NPA
rebels is less noticed than Muslim insurgency but is
more dangerous to democracy and the rle of law. For full story
click here
Cebu:
As Doha stumbles, APEC members needs to face trade reality
not take refuge in the "noodle bowl" of competing so-called
Free Trade Agreements. For
full story click here
Hongkong:
Australia's John Howard is to fight yet another election. But is
he pushing his luck a little too far given the possibility of an
early end to a golden decade? For full story click here
Hongkong:
China needs bolder steps to slow investment.Forcing
profitable state companies to pay dividends to fund social
spending would help greatly. For full story click here
Hongkong:
Near collapse of the Doha Round is very dangerous
given trade imbalances, a plague of bilateral
deals and the demands of global demographics. For full story
click here
Hongkong:
Japan and the US have got a verbal UN condemnation of
Pyongyang's missile tests. But Japan's domestically hard-line
irritates Seoul and Beijing. For
full story click here
Tokyo:
After years of no inflation, Japan is exceptionally competitive.
It is only a matter of time before the Yen makes a desirable great
leap forward of 25% or more. For full story click here
Tokyo:
Japan's is looking to boost its birth rate. But economics
as much as social policies may be to blame for low fertility
in almost all industrialised countries. For
full story click here
Taipei:
President Chen will survive noisy
politics but under the table deals and all-party
corruption in
the legislature
sully
Taiwan's economy and democracy. For full story click here
Hongkong:
King Bhumipol's 60-years should be a reminder of the
unresolved issues of the succession and the relationship between
monarchy and democracy. For
full story click here
Hongkong:
China is channelling new religious fervour in ways which do not
threaten the supposedly Marxist state.Buddhism
is best
but national Catholics are OK too. For full story click here
Hongkong:
The vanishing toothfish tale is a reminder of the
destruction of the stocks of the South China Sea and western
Pacific by uncontrolled fishing. For full story click
here
Manila:
Economic optimism reigns despite coupe threat thanks
to fiscal and current account gains. But feeble investment and
social stress cloud the longer term. For
full story click here
Hongkong:
Singapore's PAP has won another sweeping election victory. But
the voting suggests growing uncertainty of the regime future
after Lee Kuan Yew. For full story click here
Manila:
The Asian Development Bank is trying to
play a more active role in regional trade and financial issues,
including a warning against the plethora of FTAs. For full story
click here
Hongkong:
Friction between Japan, China and Korea over uninhabited
islands reminds of the dangers of nationalism as US hemgemony in
NE Asia recedes. For full story click here
Hongkong:
Maoist chaos in Nepal has reminded prompted Manmohan
Singh to focus on India's growing problems with Naxalites
in backward north central provinces.
For full story click here
Hongkong:
Despite good intentions Abdullah
has done little to reverse racial privilege and religious intolerance
and make Malaysia competitive
in a secular world. For
full story click here
Sydney:
Wen Jiabao's visit is a reminder of the increasing complexity
of Australian policy as it tries to balance relations with the
US, China, Japan, Indonesia. For
full story click here
Hongkong:
China and the US could ease economic frictions if
they recognised that currency issues are global and
avoided FTA competition which damages the WTO. For full story click
here
Hongkong:
The visit of Bangladesh prime minister to Delhi is an
overdue sign that the subcontinent, especially India, can put economic
interests before political squabbles. For full story click
here
Kuala
Lumpur: Two years on, Abdullah
has failed to capitalise on his election triumph. But the 9th
Malaysia Plan provides an opportunity to match words with deeds.For
full story click here
Hongkong:
China's measures to reduce urban/rural income
gaps is a palliative. The cure lies in freeing up movement
of people, and allowing peasants to sell their land. For full story
click here
Hongkong:
Bush's visit to India and Pakistan shows how improving
bilateral relations can be counterproductive
for big issues -- nuclear proliferation and Kashmir. For
full story click here
Hongkong:
Fed chairman Bernanke's theory about excess Asian savings
causing the US trade deficit will be exposed by Japan and rising
Asian consumption. For
full story click here
Hongkong:
Manila, again in turmoil, has lessons for Thailand in
what not to do to promote constitutional democracy and the rule
of the ballot box and the law. For
full story click here
Hongkong:
Bi-partisan US opposition to Dubai's P&O ports purchase
reveals much ignorance and prejudice and raises questions about
US financial commitments. For
full story click here
Hongkong:
An Asian should be the next UN Secretary General. But
no candidate so far is ideal and national rivalries could mean
Asia misses out to an east European. For
full story click here
Doha:
East Asia and India have good reason to want to cool
western hostility to Iran. Their dependence on gulf oil far exceeds
the US and even Europe and is rising. For
full story click here
Doha:
Oil money is funding new ideas and buildings. But the
Middle East lacks the cooperation, demographics and manufacturing
links to create needed jobs. For
full story click here
Davos:
The World Economic Forum accurately reflects western
perceptions of the world and the China/India surge but other
perspectives are missing, For
full story click here
Davos:
Low interest rates are supposed to be beneficial for
economic growth. But they are creating assetbubbles today and
pension crises tomorrow. For
full story click here
Hongkong:
The Iran nuclear issue is exposing the weakness of the
west as energy needs drive the clout of China and India who can
live with a nuclear Iran. For
full story click here
Hongkong:
Australia is least noticed of the big Anglo-Saxon debtors.
But its 6% of GDP current deficit despite huge terms of trade
gains is shocking. For
full story click here
Hongkong:
Western views of economic freedom and competitiveness
are often bizarre.indices putting HK and Singapore on top ignore
basic domestic realities. For
full story click here
Hongkong:
Badawi's efforts to push a inclusive, modern Islam suitable
for Malaysia's ethnic mix is in trouble from entrenched religious/political
interests. For
full story click here
Hongkong:
China's GDP revise is no surprise and the boom will
continue for now. But the Soviet Union and Brazil remind that
stunning growth spurts do not all endure. For
full story click here
Hongkong:
The WTO ministerial made scant progress against EU
intransigence but developing country unity and commitment to freer
trade was a silver
lining. For full story click here
Hongkong:
The first East Asia Summit was a defeat for China.
India and Australia inclusion and spats with Japan were reminders
of why the US still matters. For full story click here
Bangkok:
The King has lectured Thaksin on tolerance
of criticism. But underlying this is a conflict between liberal
and authoritarian
populist democracy. For full story click here
Geneva:
Economics,
technology and demographics spur increasing migration.
But few governments face up to hard issues of choice and
cohesion. For full story click
here
Hongkong:
Remittances matter to hundreds of millions of the poor.
But crude and ineffective anti-terror, anti-money laundering
rules
are
a huge burden. For full story click here
Hongkong:
30-years on, another attempt is being made to develop
a Non-Aligned News Network. News diversity is needed but not
from state propaganda machines. For
full story click here
Hongkong:
Summits in Busan, Dhaka and KLshow up the weakness of
regional groupings and emphasise why the WTO meeting is vital
and needs higher level support. For
full story click here
Hongkong:
Singapore has a large underclass, mostly non-Chinese.
At the bottom, foreign domestic helpers who may now be entitled
to one day off a month! For
full story click here
Hongkong:
Media scares stories that bird flu will likely mutate
and cause a pandemic killing millions are more alarmism than
science. Fear is the bigger threat. For
full story click here
Hongkong:
The EU farm position is not just threatening Doha but
shows it unable to negotiate as a single entity.Trade
partners may need to re-think how to deal with it. For
full story click here
Sydney:
Australian plans for further "anti-terror" legislation
are a major threat to liberties.With Labor silent, former Liberal
PM Malcolm Fraser is unlikely lead critic For
full story click here
Hongkong:
Chief Executive Tsang should be closely quizzed by US
and British hosts on trade, competition, environment, autonomy
and constitutional issues. For
full story click here
Hongkong:
Treasury Secretary Snow has again missed the point.
China is just part of global trade and currency imbalances which
involve the whole of East Asia. For
full story click here
Hongkong:
The UN's migration report is mostly waffle -- a missed
opportunity to get to grips with one of the world's biggest,
most complex issues. For
full story click here
Hongkong:
Taiwan's failure to buy promised US arms is straining
the relationship. It must overcome misgivings and show willingness
to defend itself. For
full story click here
Dandong,
China: Korean reunification? Think Shenzhen not Germany.The
economic cost to the South need not be as great as usually assumed. For
full story click here
Hongkong:
Mammon trumps ethics. Yahoo's kowtow to China threatens
freedom of information and compounded by its push to have it
own correspondents. For
full story click here
Hongkong:
Talk of another Asian economic crisis is nonsense. High
oil prices hurt and subsidies should go but external positions
are
strong and stimulus needed. For full story click here
Hongkong:
Long term global fall-out from US response
to Katrina is likely. Will it end the housing/consumption boom,
bring back thrift or spur protectionism? For full story click here
Yalu
River: The 100th anniversary of
the Russo-Japanese war end is reminder of power shifts in NE
Asia and the dangers of frustrating new powers. For
full story click here
Hongkong:
Korean effort to raise fertility reminds that
demographics in Confucian NE Asia are even worse than Europe. But
SE Asia is different. For full story click here
Hongkong:
Sino-Russian military excercises are not so much a sign of friendship
but an opportunistic display which underscores US over-stretch.
For full story click here
Hongkong:
China's currency policy
remains a puzzle. An announced basket suggests very slow appreciation.
But the yuan is not following the basket. For
full story click here
Kuala
Lumpur: Forty years after Singapore's expulsion from Malaysia
the two are wider apart but still have enough common interests
to
stay friendly enough rivals. For full story click here
Kuala
Lumpur: Abdullah Badawi has been slow to make changes.
But UMNO, Ringgit and Proton show that there is now momentum
behind reform. For full story click here
Hongkong:
How will a rising China use
its power? For southeast Asia, the 600th anniversary of
Zheng He's voyages reminds of Ming imperial tendencies. For
full story
click here
Hongkong:
China's de-pegging is
the belated start of Asian currency adjustment to reflect
economic power. But timidity and mercantilism still impede change.
For
full story click here
Bangkok:
Thaksin's extraordinary powers in the
South deserve and get strong criticism. Corruption
and autocratic methods are also under attack by a revived
opposition.
For full
story click here
Hongkong:
The EU may be in trouble but
few doubt its relevance. ASEAN is a different story as Myanmar
tests whether it is more than a geographical expression. For
full story click here
Hongkong:
Arroyo is badly
wounded by the desertion of cabinet, Cory and business. But all
is not lost thanks to Ramos. Constitutional change may be the
silver lining. For
full story click here
Hongkong:
Claiming the Islamic world's is in particular denial of AIDS
is bigoted and contradicted by realities in Asia
where Burma, India and China score worst. For full story click
here
Hongkong:
Sharks and whales are an East-West dispute
over what is proper to eat. Dogs, pangolins and horses are also
issues of taste, emotion and conservation. For full story click
here
Hongkong:
Cardinal Sin played major roles in the removal of
Marcos and Estrada. But this political priest was a major obstacle
to badly needed family planning. For full story click here
Hongkong:
CNOOC's bid for Unocal underscores both the contradictions
in US/ China attitudes to each other and the dangers
of their giant trade imbalance. For full story click here
Hongkong:
The failure of the of the EU constitution is reminder
that that Asia is several sub-continents, not one,
and that regional
pacts must
have popular support. For full story click here
Hongkong:
Arroyo is hoist on the same petard as her predecessor
-- jueteng. The problem lies with the Philippine constitution as
well as with the political class. For full story click here
Hongkong:
The "election" of
Donald Tsang by 800 voters is not just a foregone conclusion.
It is showing up his authoritarian instincts and flexible principles.For
full story click here
Hongkong:
Australian popular reaction
to the trial and conviction of a young women drug smuggler shows
the country at its arrogant worst. For full story click here
Meanwhile Singapore: English
usage in Asia may be peaking. But what can replace it? Chinese,
maybe. But Malay and or even Tamil may thrive. For full story click
here
Phuket:
Insurgency not jihad. See southern Thai Muslim/Malay
troubles as a product of history and Bangkok policies from Pibul
to Thaksin. For
full story click here
Hongkong:
Chinese export tariffs are one of many current political
assaults on the WTO and multilateralism in trade. The trend must
be reversed. For
full story click here
Hongkong:
Taiwan's election suggests little change in the political
balance despite the high profile visits of Lien Chan and James
Soong to China. For
full story click here
Dhaka:
Bangladesh's economy is a paradox -- or the triumph
of individual effort and group social initiative over nature
and corrupt, incompetent government. For
full story click here
Hongkong:
KMT leader Lien Chan's visit is a propaganda coup for
Beijing but do not expect a cross-straits breakthrough or big
shift in Taiwan's stance. For
full story click here
Hongkong:
China and the US are on a collision course as hubris
and over-expectations blind both to sustainable economic and
trade policies.For
full story click here
Hongkong:
Australia's relations with Asia provide an insight into
the jockeying for position as some countries seek to balance China's
role in the region. For
full story click here
Dhaka:
Problems of political violence, fundamentalism and
corruption have been growing. But overall Bangladesh remains a
secular, open society. For
full story click here
Hongkong:
China's verbal onslaught on Japan contrasts with smooth
words in South Asia. But India will also suffer from lack of Security
Council
expansion. For full
story click here
Dhaka:
Wen Jiabao's south Asian tour highlights
dilemmas for India in dealing with its neigbors, particularly
a Bangladesh feeling Delhi is a bully. For
full story click here
Bangkok:
Most of ASEAN at last is impatient with a Myanmar which
is embarassing them. But the generals are stubborn and do
not lack for
friends. For full story click here
Hongkong:
Condi Rice's tour of Asia underlines the
conflicting elements of US foreign policy with too many agendas
and a Mideast bias. For full story click here
Hongkong: Black
is white in
interpreting Hong Kong's Basic Law. The HK succession shows
that for Beijing convenience matters more than words. For
full story click here
Hongkong: Cricket
and a bus service in
Kashmir are hopeful signs. But the Indus waters may be the
biggest barrier to Indo-Pak cooperation. For full story click here
Hongkong:
The political system's faults are glaring. How to
get a better leader than Tung Chee-hwa able to deal with Beijing
and tycoons? For full story click here
Hongkong:
The joint US/Japan reference to the Taiwan issue highlights
the likely costs to Beijing of placing Taiwan too high on its agenda
For
full story click here
Bangkok:
Pres. Yudhoyono's visit to KL underlines
the scope, difficulties and opportunities of income
and demography-driven migration within ASEAN. For full story
click here
Hongkong:
The Thai election is
not about the result. Will Thaksin learn wisdom or further his
tendencies to a money-centric populist authoritarianism.For
full story click here
Hongkong:
The Dhaka SAARC summit postponement
says a lot about India's inability to put bright regional prospects
above bilateral disputes . For full story click here
Davos:
Western bias forgets there
are more Muslims in the east than the Middle East and Asia has
different priorities than Iran's nukes or Israel/Palestine. For
full story click here
Davos:
World Economic Forum is
a misnomer. It is mainly a meeting of Europeans and North Americans.
Asian giants are conspicuously absent. For
full story click here
Hongkong:
Zhao Ziyang's death is
a reminder that the causes of
Tiananmen are again evident. So current leaders will continue
to fear liberalism. For
full story click here
Hongkong:
Debt relief is
a bad way to help tsunami-hit nations But
it opens the way for similar help for other countries hurt by
natural calamities. For
full story click here
New
Delhi: The tsunami has been a
reminder of India's neglect of its eastern seaboard and the role
that twin coastlines should play for the nation. For
full story click here
Sydney:
Howard may
be a very ordinary man but his near record stretch as PM says
much about his understanding of a conservative, suburban electorate.
For full story click here
Hanoi:
Vietnam is doing well enough. But it
must raise its game to keep up with neighbours and face the reforms
associated with WTO membership. For
full story click here
New
Delhi: India is emerging from
its Pakistan obsession, more confident and aware of its strategic
need to build Asian links and economic power. For full story
click here
Hongkong:
The 2004 ASEAN summit has
avoided awkward issues and ignored currency values. But
it has been another win for Chinese diplomacy. For full story
click here
Meanwhile Hochiminh:
The scale of old Saigon is
giving way to overpowering high rises. Better to
follow other Asian cities by
creating
new
districts For full story click here
Hongkong:
Euro-Asia
exchange rates are moving to centre stage. Europe is
hurting but Asian currencies are beginning to reflect economic
strength.
For full story click here
Meanwhile: Hongkong's
grand cultural vision
to many looks like a massive apartment project with
the terms rigged for favored developers. For
full story click here
Meanwhile:
The death of the Far
Eastern Economic Review is cause for much lament and soul searching
about originial regional journalism. For full story click here
Hongkong:
The deaths of 84 Thai Muslims is
not a local affair. Thaksin's attitudes invite extremism
and threaten relations with Malaysia and ASEAN. For full story
click here
Hongkong:
Chinese are getting bigger but so is the
rural-urban physique gap. Obesity and road deaths offset
many advances
in nutrition. For full story click here
London:
Britain has woken up to its pensions gap. But
like Europe and unlike Asia will not face the issue of how to
raise the
birth rate. For full story click here
Hongkong:
Japan's more forward defense posture
is under fire, especially by China. But
it is a realistic response to China and a changing NE
Asia.
For
full story
click here
Hongkong:
Shanghai's Grand Prix and
the Party's latest platform point up the
contradictions of Chinese "socialism" -- and its
new ideology, patriotism. For
full story click here
Seoul:
Ideology
and exhortation are no way to stop nuclear proliferation.
Only self-interest can trump the inevitable growth of know-how. For
full story click here
Hongkong:
The winner will lose the
Hongkong election.Victory is assured for narrow interest groups.
The better democrats do the more difficult Beijing may be. For
full story click here
Hongkong:
Which Anwar has been released? Will
he improve on his
mixed record on human rights, religion , reform and money politics.
For full story click here
Hongkong:
Philippines needs a financial
crisis to force it and and its lenders to face fiscal
reality -- or will get a much bigger one later. For full
story click here
Hongkong:
Recent Asian history has been re-written by politicians.But
Koreans may not be the only one to find that truth can catch
up. For full story click here
Hongkong:
Can Lee Hsien Loong lead
Singapore into a freer, more entrepreneurial, innovative future
or is he stuck with his father's
system and institutions? For full story click here
Hongkong:
Malaysia's reputation for
modernity could be in danger from pro-Muslim laws and lack
of free choice. Pro-Malay economic policies complicate the issue.
For full story click here
Hongkong:
China's steep grain price
increase could be as important as oil, minerals
and easy money in sparking a new inflation which will reach the
west. For full story click here
Hongkong:
Philippine nationalism and populism lie
behind decision to succumb to threats and pull troops from Iraq
despite the cost to US relations. For full story
click here
Hongkong:
The crown jewels of
corporate Korea have mostly fallen into foreign hands. But a
weak currency and local rules are the main culprit.For
story click here
Hongkong:
The Malay world is
now largely democratic. Could populist Malay
self-awareness revive Maphilindo and create new regional dynamics?
For full story click here
Hongkong:
The July 1 demonstration again
surprised Beijing but local misgovernment lies at the root of
the demand for democracy. For full story click here
Sydney:
The coming election might have echoes of 1966 and 1972 landslides
linked to foreign policy.More likely marginal differences on domestic
issues will decide it. For
full story click here
Hongkong:
The EU's fixation with Burma and Suu Kyi is hypocritical and arrogant.
It angers ASEAN while simultaneous silence over Zhao Ziyang and Singapore
is deafening. For
full story click here
Hongkong:
The G8 summit is
outdated, irrelevant and arrogant. The world today needs a G10 with
China, India, Brazil and S.Africa, or G15 with Indonesia, Korea, Mexico
etc. For full story click
here
Hongkong:
Currency revaluation
not credit controls or interest rates hikes is the way for Asia, especially
China to offset the high oil price and stimulate consumption. For
full story click here
Manila:
Arroyo's has a mandate and six years to tackle a tax averse elite,
issues-averse politicians and family planning averse church. Can she
reverse national decline? For
full story click here
Manila:
International migration is Asia-centric. Governments
mostly ignore its evils, but demographics and economics ensure it
will flourish and on balance be positive.
For full story click here
Hongkong:
India's election surprise
is more a usual reaction against incumbents than a rural protest.
Elsewhere in Asia rural voters matter but don't make the agenda. For
full story click here
Hongkong:
Belt-tightening by Beijing does not spell trouble for Asia. The
new China myth ignores the region's diversity and underlying export
and savings strengths. For
full story click here
Hongkong:
Indonesia's legislative election has gone smoothly.The results
show good sense: Megawati is the loser, Golkar is stalled and clean
government is in demand. For
full story click here
Meanwhile:
Hongkong: Hong Kong, Xianggang, etc are the tip of an iceberg
of confusion over Romanisation and translation of state and city names
and spellings. For
full story click here
Hongkong:
Britain says it is fighting for democracy in Iraq but does nothing
to protect Hongkong's liberties and self-government promised in the
Joint Declaration. For
full story click here
Hongkong:
Blaming el-Qaida for all revolts by oppressed Muslims is the Arab
fanatics' best recruiting tool. It has few natural allies, but Bush
is creating them. For
full story click here
Hongkong:
Electoral
politics is getting messy (Taiwan and Korea) or may produce little
benefit (Philippines, Indonesia). But it still beats China's system.
For full story click here
Jakarta:
Outsiders may be
obsessed about Islamic extremism, but in democratic Muslim southeast
Asia Islamic issues take a back seat to secular battles for power
and spoils. For
full story click here
Sydney:
The Spanish election
has shocked Howard's government. Iraq and a combative new Labor leader
pose a threat to Bush's closest non-European ally. For
full story click here
Hongkong:
The NPC
shows that leaders understand China's key problem but are making scant
progress in addressing power and income imbalances. For
full story click here
Hongkong:
Their passport histories
show the hypocrisy of leading businessmen now claiming to be Chinese
patriots. They are a danger to Hongkong.
For full story click here
Hongkong:
Asians should
be beginning to worry about the security of their gigantic holdings
of US debt. History shows that obligations are subject to rules changes.
For full story click
here
Meanwhile:
SARS, ebola
etc are sparking out-of-proportion responses. So did plague in the
19th century. An earlier Bowring's views on useless but despotic quarantines.
For full story click here
Hongkong:
Beijing's resort to "patriotism" to
fight Hongkong's demands for representative government shows Leninism
runs deep in the Communist party. For
full story click here
Hongkong:
Abdullah Badawi's
early days as PM show a quiet determination to clean house.. But elections
will show if he can build a new consensus. For
full story click here
Hongkong:
Prime Minister Thaksin has
many admirers in Asia countries with less dynamic leadership, but
after three years success may be going to his head.
For full story click here
Meanwhile
in Hongkong: The maiden voyage
of the QM2 is exactly 32 years after the death the Queen Elizabeth
in a still mysterious fire while C.H. Tung was aboard. For
full story click here
Taipei:
Mr Bush's scolding is
an embarassment, but President Chen's referendum issue has shifted
the center of Taiwan politics. Beijing and the US must take note.
For full story
click here
Jakarta:
Aceh presents a
grim picture. But do not expect domestic or international pressures
to have much impact on a democratic Indonesia set on unity above all
else. For full story click
here
Hongkong:
World concern
about China's exporting might is being matched by China's concern
about its resources needs.Strategic and financial implications are
huge. For full
story click here
Hongkong:
Resounding defeat
for pro-government parties and a high voter turnout show that people
want democracy, and a check on crony and bureaucratic power. For
full story click here
London:
Bush's visit
is divisive, weakening strong trans-Atlantic bonds. He commands little
respect and reminds Britons of their own subservience to his Iraq
policy. For full story
click here
Hongkong:
Philippine democracy
is in trouble. A move against the chief justice is the latest problem.
The president is weak but it is the structure which is the root cause.
For full story click here
Mahe,
Seychelles: Former Marxist
Albert Rene is still President 26 years after his coup. But a currency
black market signals problems and maybe time for change.
For full story click here
Kuala
Lumpur: Dr Mahathir is finally leaving. A
look at the what drove his remarkable career, and why his successor
Abdullah Badawi is so different. For
full story click here
Kuala
Lumpur: Malaysia has focussed
the OIC summit on business and modernisation,and given a reminder
that most Muslims do not live in the Middle East. For
full story click here
Hongkong:
ASEAN is never
lacking for long term free trade visions. But nationalism dominates
current issues such as currencies. The APEC summit is unlikely to
help. For full story
click here
Hongkong:
The failure at Cancun
and Asian currency valuations put China in a key position to to end
the WTO impasse and avoid currency driven a trade war. For
full story click here
Hongkong:
Foreign media
assumptions of the guilt of alleged Islamic terror leader Abu Bakar
Basyir ignore the evidence, anger Indonesians and help extremists.
For full story click here
Beijing:
Yuan revaluation will
come before long but the US would do better to explain the benefits
for China, and the need for the rest of east Asia to follow. For
full story click here
Hongkong:
The death of the governor of Sahkalin is a setback for efforts
to revive the Russian far east. Oil and gas are the base but mining
and tourism could come too.
For full story click here
London:
A "perfect storm" is brewing as the young are threatened
by the excessive benefits, too-early retirement and underfunded pensions
of the baby boomers. For
full story click here
Hongkong:
Hambali's capture is a bonus. But its significance is exaggerated
and US unwillingness to hand him over for trial in Asia is counter-productive.
For full story click
here
Hongkong:
Thailand's repayment of IMF loans signals of how far the wheel
of fortune has turned since 1997. But Asia must not be smug about
the West's excesses. For
full story click here
Hongkong:
The Yuan's value has
become central to resolving huge US and global trade imbalances. Where
China's undervalued currency goes, Asia will follow. For
full story click here
Hongkong:
Australia's foray into the Solomons is more than a police action.It
reflects a US-centric shift which is undermining its efforts to link
closer to Asian. For
full story click here
Hongkong:
The July
1 demonstration was a quiet revolution against unrepresentative
as well as incompetent government. Beijing has kept cool but has real
worries. For full
story click here
Hongkong:
Half a million people
on the streets. Premier Wen Jiabao missed the demo but got the message
of Tung's incompetence and the implications for the mainland. For
full story click here
Hongkong:
Closer Economic Partnership Arrangment (CEPA) with
China is a feel-good deal which has minimal benefits and undermines
Hongkong's trade autonomy. For
full story click here
Geneva:
Developing countries
must unite against the EU. The Franco-German stitch-up of its Common
Agricultural Policy threatens the whole Doha trade agenda. For
full story click here
Hongkong:
Detention of Aung San Suu Kyi
is an affront to foreign efforts at conciliation. ASEAN must distance
itself from Myanmar's junta and its bizarre economics. For
full story click here
Manila:
Mrs Arroyo's
standing has been raised by her US visit and lack of attractive presidential
may induce her to run in 2004. But governance problems in the Philippines
run deep. For full
story click here
Hongkong:
Hysteria is rising
as SARS and terror threats are blown out of proportion by media and
officialdom. Lack of perspective on risk is a global danger. For
full story click here
Flash backs: In response
to a reader's accusation of being "wise after the event"
of financial sector disasters, two 1999 IHT columns which were previously
not posted on this site are now here. They concern investment bank/broker/auditor/media
etc conflicts of interest in promoting the bull market. For November
1999 column click here and for March
1999 column click here
Manila: Mrs Arroyo's
state visit to the US is reward for support for the Iraq and terrorism
wars. But there are dangers for both sides, and she is lame duck.
For full story click
here
Hongkong: Asian undervaluation,
now partly SARS-drive, has been exacerbated by the rise of the Euro
etc. Appreciation of Yen, Yuan etc is unavoidable to shrink the US
deficit.For
full story click here
Hongkong:
The biggest danger of SARS
may be economic-- impact on the one previously robust region of growth,
Asia.Foreign over-reaction is partly responsible.
For full story click here
Hongkong:
Reactions to SARS have
shown varying characteristics of government and society in Asia. Will
they learn from the drawbacks of secrecy or hysteria? For
full story click here
Hongkong:
The WHO
is in the forefront of the SARS battle but it has another on its hands
too -- a US food industry trying to sabotage its anti-obesity campaign.
For full story click
here
Hongkong:
The Iraq war was unpopular
throughout Asia, but its impact on strategic thinking in Asia will
now depend more on US post-war policies and attitudes.For
full story click here
Hongkong:
Over-reaction to
the SARS virus could be at least as dangerous as the virus itself.
Fear of the unknown exceeds the virulence of the virus. For
full story click here
Hongkong:
Reponse to the pneumonia epidemic is just the latest example of
failure by an incompetent, self-serving, mean and racist administration.
For full story click here
Hongkong:
Why are anglophones keen on war with Iraq? Could the dominance
of English have led to imperialist assumptions on the part of Australia
and Britain? For
full story click here
Geneva:
Europe has a crisis
of demography, asylum seeking and immigration. But events post 9/11,
and now the Iraq war, are holding up a realistic approach to it.
For full story click here
Geneva: Forget el-Qaida,
the big threat to rich and middle income nations is not terrorism
or smoking. Poor diet is causing a pandemic of diabetes and circulatory
diseases. For full story
click here
Hongkong:
US troops in Sulu may help Bush image at home but not aaborad.
It will exacerbate bigger insurgency problems and underlines Arroyo's
weakness. For full story
click here
London:
The
Blair government's attitude from everything from hunting with
dogs, to democracy, to truth to war on Iraq reflects Orwell's Animal
Farm, 1984, Burmese days etc. For
full story click here
London:
East and West
are drifting apart. Iraq, the UN, Davos, Porto Alegre are showing
how interests differ and how Asia's economic self-confidence is influencing
attitudes. For
full story click here
Davos:
North Korea's nuclear moves
are serious but they could well be the prelude to major change, if
other countries pay hefty bills to prop Kim's economic reform.
For full story click here
Dhaka:
Relations with India
are strained as Hindu communalism, border problems and fallout from
Afghanistan put pressure on a secular, moderate Muslim Bangladesh.
For full story click
here
Meanwhile:
Dhaka: Things
are looking up in Asia's poorest mega city. Pollution has been slashed
and crime is down thanks to controversial draconian measures.For
full story click here
Bangkok:
Taksin's
two years in office have seen economic progress and increased political
stability. But one is a legacy and the other a source of unsettling
intolerance. For
full story click here
Hongkong:
President Arroyo's
decision not to run in 2004 is both a reminder of the problems created
by the way she came to power, and an opportunity to try to make reforms
work. For full story
click here
Hongkong:
Cautious regional unity
shown by China, Japan, South Korea and Russia in response to North
Korea has benefited the US and set an example over Iraq. For
full story click here
Hongkong:
A greater maturity in Asia has been shown by disperate events
-- Korean election, possible peace in Aceh and other acceptance of
outside mediation. For
full story click here
Hongkong:
Currency tensions
are building as the dollar falls,Japan wants a weaker yen, China sticks
to a dollar peg which squeeze the rest of Asia. Needed: a new Plaza
accord.For full story
click here
Sydney:
Comfort and prosperity
assumptions have been shaken by drought and Bali. Australia thinks
about Muslims, multiculturalism and migration policy. For
full story click here
Hongkong:
Anti-subversion legislation
is needed by the Basic Law but vague wording says more about Hongkong's
crony-based political structure than about Beijing pressure. For
full story click here
Hongkong:
As the Korea
demonstrates, deterrence and alliances, not pre-emption, are the best
security against the unstoppable spread of weapons of mass destruction.
For full story click here
Hongkong:
Convincing prosecution
of the real Bali culprits is needed to overcome local plot theories,
western prejudices and regional use of the tragedy for political ends.
For full story click
here
Hongkong:
EU horse trading on
agriculture is a major blow to farm trade reform and hence to developing
country acceptance of freer trade, and a blow to EU economies. For
full story click here
Meanwhile: A victim
of the Bali bombers, Ed Waller,26, was their antithesis:- friend to
all, optimist, enthusiast, internationalist. Follow his spirit: keep
going to Bali, to bars. For
full story click here
Kuala
Lumpur: Asian belief in globalization
is waning because of external events -- China, OECD, waning FDI --
rather than ideology. Do substitutes exist? For
full story click here
Hongkong:
There is almost
no support in Asia for Bush's Iraq policies, and concern that the
shift from deterrence to pre-emption will cause problems for Asian
allies. For full story
click here
Petropavlovsk-Kamchatsky:
The eastern tip of Eurasia,
once a closed area, may get an boost from tourism and mining. But
questions remain over Russia's long term hold. For
full story click here
London:
Tony Blair's
zeal for following President Bush on Iraq keeps him on the world stage
but could add to domestic failings and be his undoing.
For full story click here
Hongkong:
On the September 11
anniversay, Asians find their sympathy for the US eroded by time,
by Iraq and other aspects of unilateralism.
For full story click here
Seoul:
Korea's stock
market recovery could stall in the short term, but lower investment,
emphasis on profits, and pension reform could give it a golden decade.
For full story click
here
Sydney:
Australia offers much that Asians can admire and profit from.
But over-eagerness to play a global role in tune with America limits
its regional clout. For
full story click here
Hongkong:
Brazil underlines
the fickle behaviour of international banks and US talk of Saudi asset
freeze may frightens others, especially China, into selling US assets.
For full story click
here.
Hongkong:
The "war on terror"
looks ragged. Indonesian Islamic extremism is exaggerated while the
NPA and MILF gain ground in the Philippines. The US should stay out.
For full story click here
Seoul:
Resumption of dialogue
between North and South and major economic changes by Pyongyang are
very significant, forcing the US to move beyond "axis of evil"
talk. For full
story click here
Hongkong:
Wall Street's tumble
has been mild by Asian standards. Cycles imply reversion to a mean.
The Dow and Dollar were in orbit. Now they are re-entering reality.
For full story click
here
Hongkong:
Washington has woken
up to China's increasedability to threaten Taiwan.. But its post September
11 agenda is too diverse for a focussed, long term China policy. For
full story click here
Hongkong:
North Korea is nuisance for the South and useful "evil"
for the US, but it is a bigger headache for friend and neighbour.
Can China change anything there? For
full story click here
Kuala
Lumpur: Mahathir is committed to retire. But will be use his last
months to build party unity or for a final push for modernisation
of Malays by reducing their preferences.For
full story click here
Hongkong:
Brazil could be the latest
emerging market casualty. Has nothing been learned since the Asian
crisis? Its past time to address the failings of the system.
For full story click here.
Hongkong:
The World Cup
has come the occasion for short sighted policies in defence of local
vested interests: trying to criminalise rather than capitalise on
internet betting. For
full story click here
Hongkong:
Big powers
should avoid small wars. The India-Pakistan confrontation and the
Abu Sayyaf illustrate the uses and abuses of overwhelming US power.
For full story click
here
Moscow:
Fear of Islam has created
a bond between Russia, China and the West with several immediate benefits.But
economic advances must now have priority if Russia's relations with
the west are to be cemented. For
full story click here
Hongkong:
East Asia has its difficulties
but it looks to have fewer fundamental political problems than other
regions and economies which are proving their worth. The World Cup
will provide