Malay Muslim woman to be Singapore President

Agencies
September 11, 2017

Singapore, Sep 11: There are no Muslim Malays in the top echelons of Singapore’s army, and few among the senior ranks of its judiciary, but a member of its poorest ethnic minority is set to become the first woman President of the Southeast Asian city state this week.

Halimah Yacob, a former speaker of Parliament, will be formally named to the mostly ceremonial post on Wednesday, media reported, after other candidates fell short of the criteria set for contesting the election. Ms. Yacob (63) was born to an Indian Muslim father and a Malay mother.

As per decree

Aiming to strengthen a sense of inclusivity in the multicultural country, Singapore had decreed the presidency would be reserved for candidates from the Malay community this time.

Ms. Yacob’s experience as house speaker automatically qualified her under the nomination rules.

Of the four other applicants, two were not Malays and two were not given certificates of eligibility, the elections department said.

The last Malay to hold the presidency was Yusof Ishak, whose image adorns the country’s banknotes.

Yusof Ishak was President between 1965 and 1970, the first years of Singapore’s independence following a short-lived union with neighbouring Malaysia, but executive power lay with Lee Kuan Yew, the country’s first Prime Minister.

The separation of Singapore from Malaysia gave ethnic Malays a clear majority in Malaysia, while ethnic Chinese formed the majority in independent Singapore.

Preserving harmony

Leaders of both countries, however, recognised that peace and prosperity depended on preserving harmony between the two groups.

But living in a Muslim-dominated neighbourhood, with Malaysia and Indonesia next door, Singapore’s leaders have long worried about the risk of conflicted loyalties among Malays.

“You put in a Malay officer who’s very religious and who has family ties in Malaysia in charge of a machine-gun unit, that’s a very tricky business,” the late Lee Kuan Yew was widely quoted as saying in 1999.

For Lee, whose son, Lee Hsien Loong, is now Prime Minister, the answer to social cohesion lay in creating a culture of meritocracy, rather than adopting policies of positive discrimination to boost the chances of advancement for Singapore’s Malay and Indian minorities.

Grumble of discrimination

Still, a government report published in 2013 found Malays felt they were sometimes discriminated against and had limited prospects in some institutions, such as the armed forces.

Singapore’s economic success and education policies have helped swell the ranks of middle-class Malays, but the last census in 2010 showed they lagged other ethnic groups on socio-economic measures such as household incomes and home ownership.

Malays, who form just over 13 per cent of Singapore’s 3.9 million citizens and permanent residents, also underperform on measures such as university and secondary school education.

Despite being the establishment candidate, Ms. Yacob wears a hijab, which is banned in state schools and public sector jobs that require uniforms. But she has seldom spoken publicly on the issue and there is little sign of change in official attitudes.

'Room for improvement'

Farid Khan, one of the unsuccessful candidates and the chairman of marine services firm Bourbon Offshore Asia, told Reuters more Malays now hold political office, and some are making their way in the corporate world, but “there is still room for improvement.”

The prospect of a Malay President is by itself unlikely to resolve concerns over under-representation, but analysts and advocates say it could help foster trust among communities.

Yet the reserved election has also injured some pride.

“It cheapens the credibility of a Malay person that it requires a token election for us to be President,” said Malay comedian and television personality Hirzi Zulkiflie. “Some people intending to run are very capable.”

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News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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News Network
February 4,2020

Kuala Lumpur, Feb 4: Malaysia said on Tuesday that India's move to cut back on palm oil purchases is "temporary" and will be resolved amicably between the two nations.

Last month, India restricted imports of refined palm oil and asked importers to avoid purchases from Malaysia after its criticism of actions in Kashmir and a new citizenship law.

"Having long-standing bilateral ties, the two nations will overcome the current challenges, and prevail towards mutual and beneficial outcomes," the Malaysian Palm Oil Council said in a statement, citing Primary Industries Minister Teresa Kok.

Malaysia's push to implement B20 biodiesel starting this month will also help sustain high crude palm oil prices, the statement read.

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News Network
May 30,2020

Washington, May 30: President Donald Trump said Friday he would strip several of Hong Kong's special privileges with the United States and bar some Chinese students from US universities in anger over Beijing's bid to exert control in the financial hub.

In a day of concerted action, the United States and Britain also raised alarm at the UN Security Council over a controversial new security law for Hong Kong, angering Beijing which said the issue had no place at the world body.

In a White House appearance that Trump had teased for a day, the US president attacked China over its treatment of the former British colony, saying it was "diminishing the city's longstanding and proud status."

"This is a tragedy for the people of Hong Kong, the people of China and indeed the people of the world," Trump said.

Trump also said he was terminating the US relationship with the World Health Organization, which he has accused of pro-China bias in its management of the coronavirus crisis.

But Trump was light on specifics and notably avoided personal criticism of President Xi Jinping, with whom he has boasted of having a friendship even as the two powers feud over a rising range of issues.

"I am directing my administration to begin the process of eliminating policy that gives Hong Kong different and special treatment," Trump said.

"This will affect the full range of agreements, from our extradition treaty to our export controls on dual-use technologies and more, with few exceptions," he said.

Secretary of State Mike Pompeo on Wednesday informed Congress that the Trump administration would no longer consider Hong Kong to be separate under US law, but it was up to Trump to spell out the consequences.

China this week pressed ahead on a law that would ban subversion and other perceived offenses against its rule in Hong Kong, which was rocked by months of massive pro-democracy protests last year.

US restricts students

In one move that could have long-reaching consequences, Trump issued an order to ban graduate students from US universities who are connected to China's military.

"For years, the government of China has conducted elicit espionage to steal our industrial secrets, of which there are many," Trump said.

Hawkish Republicans have been clamoring to kick out Chinese students enrolled in sensitive fields. The FBI in February said it was investigating 1,000 cases of Chinese economic espionage and technological theft.

But any move to deter students is unwelcome for US universities, which rely increasingly on tuition from foreigners and have already been hit hard by the COVID-19 shutdown.

China has been the top source of foreign students to the United States for the past decade with nearly 370,000 Chinese at US universities, although Trump's order will not directly affect undergraduates.

Critics say Trump has been eager to fan outrage about China to deflect attention from his own handling of the coronavirus pandemic that has killed more than 100,000 people in the United States, the highest number of deaths of any country.

Chuck Schumer, the top Democrat in the Senate, called Trump's announcement "just pathetic."

Eliot Engel, a Democrat who heads the House Foreign Affairs Committee, noted that Trump treaded lightly on Hong Kong during last year's protests as he sought a trade deal with Xi.

"Now, the president wants to shift the blame for his failures onto China, so he's doing the right thing for the wrong reason," Engel said.

Trump's order could also trigger retaliation. China in March expelled US journalists after the Trump administration tightened visa rules for staff at Chinese state media.

Clash at UN

The United States and Britain earlier in the day urged China to reconsider the Hong Kong law during talks at the UN Security Council, where China wields a veto -- making any formal session, let alone action against Beijing, impossible.

The Western allies raised Hong Kong in an informal, closed-door videoconference where China cannot block the agenda.

They said China was violating an international commitment as the 1984 handover agreement with Britain, in which Beijing promised to maintain the financial hub's separate system until at least 2047, was registered with the United Nations.

"The United States is resolute, and calls upon all UN members states to join us in demanding that the PRC immediately reverse course and honor its international legal commitments to this institution and to the Hong Kong people," said US Ambassador Kelly Craft, referring to the People's Republic of China.  

China demanded that the United States and Britain "immediately stop interfering in Hong Kong affairs," saying the law did not fall under the Security Council's mandate.

"Any attempt to use Hong Kong to interfere in China's internal matters is doomed to fail," warned a statement from China's UN mission.

"There was no consensus, no formal discussion in the Security Council, and the US and the UK's move came to nothing," it said.

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