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| China will likely fail in its CPTPP bid — but it’s a ‘smart’ move against the U.S |
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Posted by: superadmin - 09-27-2021, 03:11 PM - Forum: Politics
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China will likely fail in its CPTPP bid — but it’s a ‘smart’ move against the U.S., say analysts
- China said it applied to join CPTPP, an 11-nation trade pact formed in 2018 after the U.S. withdrew from the Trans-Pacific Partnership a year earlier.
- Beijing needs the approval from all 11 CPTPP signatories to join CPTPP, and it may not succeed given its strained relationships with some member countries, said analysts.
- Beijing may also have difficulties fulfilling the mega trade pact’s demands for a level playing field in areas such as state-owned enterprises, labor rights and cross-border data flows, said analysts.
- Nevertheless, China’s application to join CPTPP stands in contrast to the U.S.′ lack of economic policy in Asia-Pacific, analysts said.
China will likely fail in its bid to join the Comprehensive and Progressive Trans-Pacific Partnership — but its move to submit an application highlighted the lack of U.S. economic policy in Asia-Pacific, said analysts.
CPTPP is an 11-nation mega trade pact formed in 2018 after Donald Trump pulled the U.S. out of the Trans-Pacific Partnership a year earlier.
President Barack Obama had negotiated the TPP to deepen U.S. economic engagement in Asia-Pacific and counter China’s growing influence in the region.
All 11 signatories of the CPTPP must agree to China’s request to join before it can be admitted as a member. The countries in the CPTPP are: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
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| 12MP: Only Bumiputeras will be able to buy Bumi firms, shares, says PM |
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Posted by: superadmin - 09-27-2021, 03:04 PM - Forum: Politics
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KUALA LUMPUR – Soon, Bumi-owned companies and shares can only be sold to fellow Bumiputera consortiums, firms and individuals, as the government bids to further empower the community under the 12th Malaysia Plan (12MP).
Prime Minister Datuk Seri Ismail Sabri Yaakob said a safety net framework will be introduced to ensure sustainable equity ownership.
He added that the ownership and disposal of Bumiputera companies will soon be regulated by the relevant ministries and agencies.
“In an effort to coordinate all these initiatives, a Bumiputra Prosperity Division will be set up with a clearer mandate and function by reassigning officers from all government ministries and agencies,” he said in tabling the 12MP in the Dewan Rakyat today.
“A Bumiputera development action framework will be announced at the end of this year, and will detail several key initiatives in realising our aspiration to improve the socio-economic status of this group.”
Ismail Sabri said the country has to date failed to achieve its target of Bumiputeras owning 30% of corporate equities.
As of 2019, he added that equity ownership among this group only makes up 17.2%, with non-Bumiputeras owning 25%, foreign investors with 45.5% and the remaining 12.3% are nominal ownership.
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| 30% Bumiputera equity yet to be achieved, says PM |
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Posted by: superadmin - 09-27-2021, 02:56 PM - Forum: Politics
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KUALA LUMPUR: The government’s target to raise Bumiputera equity ownership to 30% has yet to be achieved, prime minister Ismail Sabri Yaakob said today.
Ismail said as of 2019, it stood at 17.2%, while non-bumiputeras held 25%, and foreigners 45.5%. The remaining 12.3% is held by nominees.
The 30% target was set as part of the New Economic Policy (NEP), following the events of May 13, 1969 due to the economic disparity between the races.
Bumiputeras currently account for some 64% of the population.
“To ensure sustainable equity holdings by Bumiputeras, an equity safety net will be introduced to ensure that sales of shares or Bumiputera firms will only be sold to Bumiputera companies, consortiums or individuals,” he told the Dewan Rakyat when tabling the 12th Malaysia Plan (12MP).
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| German elections: Centre-left narrowly wins against Merkel's party |
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Posted by: superadmin - 09-27-2021, 12:59 PM - Forum: Politics
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Germany's centre-left Social Democrats (SPD) have narrowly won the country's federal elections, beating the party of outgoing Chancellor Angela Merkel, according to preliminary results.
The SPD secured 25.7% of the vote, while the ruling conservative CDU/CSU bloc gained 24.1%.
The Greens achieved the best result in their party's history, coming in third with 14.8% of the ballot.
A coalition must now be created to form a government.
SDP leader Olaf Scholz earlier said his party had a clear mandate to rule, as his party started to edge into the lead.
Exit polls predicted a dead heat, but this election has been unpredictable from the start, and the result was never going to be the end of the story. For one thing, the outgoing chancellor is going nowhere until the coalition is formed - and that may have to wait until Christmas.
The successor's task is to lead Europe's foremost economy over the next four years, with climate change at the top of voters' agenda.
Mr Scholz's SPD supporters greeted him in raptures, but it was only later when his party edged into the lead that he told a televised audience the voters had given him the job of forming a "good, pragmatic government for Germany".
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| Liz Cheney rebukes Republican critics: Trump 'doesn't believe in the rule of law' |
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Posted by: superadmin - 09-27-2021, 12:47 PM - Forum: Politics
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Washington (CNN)GOP Rep. Liz Cheney, one of just two Republicans on the select committee investigating the January 6 insurrection, brushed off her GOP detractors in a new interview, stating pointedly that former President Donald Trump "doesn't believe in the rule of law."
"Those who think that by ignoring Trump, he will go away, have been proven wrong," Cheney told CBS News' "60 Minutes" in an interview that aired Sunday.
"And in my view, the American people, they deserve better than having to choose between what I think are the really disastrous policies of Joe Biden -- in a whole range of areas, really bad for our economy," she said. "From a national security perspective, what's happened, what he's done in Afghanistan: very dangerous policies for the country. But the alternative cannot be a man who doesn't believe in the rule of law, and who violated his oath of office."
She also took a swipe at House Minority Leader Kevin McCarthy, calling his actions after January 6 "unforgivable."
"What he's done is embrace Donald Trump. And if I were doing what he's doing, I would be deeply ashamed of myself," Cheney said.
She continued: "There are people who supported Donald Trump because of his policies. But there's a difference between somebody who voted for Donald Trump and being the Republican leader after an insurrection, and setting all of that aside and going to Mar-a-Lago, and rehabilitating him, bringing him back in. That to me is unforgivable."
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| campaign highlights colourful Afghan clothing to protest Taliban dress code |
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Posted by: superadmin - 09-27-2021, 12:40 PM - Forum: Politics
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Social media campaign highlights colourful Afghan clothing to protest Taliban dress code
![[Image: 000_9NG8Q6.jpg]](https://media.thevibes.com/images/uploads/covers/September_2021/_large/000_9NG8Q6.jpg)
AFTER seeing photos of black-clad Afghan women in full face veils at a pro-Taliban rally in Kabul, Bahar Jalali, an Afghan-American historian, launched a campaign highlighting the vibrant colors of traditional Afghan dresses.
"I was very concerned that the world would think that those clothing worn by those women in Kabul was traditional Afghan clothing, and I don't want our heritage and culture to be misrepresented," said Jalali, who lives in Glenwood, Maryland, about an hour's drive from Washington.
Jalali, 56, created the social media hashtags #DoNotTouchMyClothes and #AfghanistanCulture, which quickly became popular, with women posting photos of themselves wearing colorful, embroidered Afghan clothing and smiling for the camera.
"Afghan women don't wear hijab," Jalali told AFP.
"We wear a loose chiffon headscarf that reveals the hair. And anybody who's familiar with Afghanistan history, culture, knows that the clothing worn by those women have never been seen before in Afghanistan," she said, referring to demonstrators at the pro-Taliban protest at a university lecture in Kabul earlier this month.
About 300 women – covered head-to-toe in all black in accordance with strict new dress policies for women in education under the Taliban – waved Taliban flags, as speakers railed against the West and expressed support for the hardline Islamists.
"Afghan women don't dress that way. Afghan women wear the colorful dresses that we showed the world."
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| Ex-manager loses job, has no money for food or rent |
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Posted by: superadmin - 09-27-2021, 12:28 PM - Forum: Business. Economy and Investment
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Quote:Those who wish to help Alexander and his family, can make a donation to his Maybank account at 1070-4103-3817 or contact him at 013-3254491.
PETALING JAYA: Recently, a cartoon illustrating how a dedicated employee had fallen on hard times, went viral on social media.
The cartoon told the story of how one Lex had lost his job and was now appealing to kind Malaysians to help him and his family get through some of their darkest days brought on by the Covid-19 pandemic.
The “Lex” in question is Alexander Maria Soosai, 58, a former employee of Nicsmann 1940s, who became unemployed after the restaurant was forced to shut due to the numerous lockdowns.
Alexander may be a familiar face to the residents of Damansara Utama, as he was the outlet manager of Nicsmann 1940s at Starling Mall.
A veteran of the food and beverage industry, he has been serving customers with a smile ever since the 1980s and under his watchful eye, no diner ever went home dissatisfied.
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| Vote for a government that is not corrupt |
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Posted by: superadmin - 09-27-2021, 11:58 AM - Forum: Politics
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From Moaz Nair
Corruption at any level of society is dishonourable and unlawful. It is a symptom of a deep problem in society that can cause many conflicts which indirectly affect the economy, investment, enforcement, the legal process, and even ethnic division. It results in poor civic consciousness among the people that will in due course debase the whole society.
Unfortunately, there are politicians and officials who still consider corruption an acceptable way of life. Insatiability has blinded them when it comes to money and wealth.
Corruption is now perceived to be strappingly rooted in the nation’s culture. A very senior politician was once quoted as saying, “Corruption is a form of lubricant. It helps work get done faster.”
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![[Image: 106060791-1565038763500xi.jpg?v=1632374634&w=740&h=416]](https://image.cnbcfm.com/api/v1/image/106060791-1565038763500xi.jpg?v=1632374634&w=740&h=416)
![[Image: 26092021_-_KUL_-_Ismail_Sabri-10-PMO-pic.JPG]](https://media.thevibes.com/images/uploads/covers/_large/26092021_-_KUL_-_Ismail_Sabri-10-PMO-pic.JPG)
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![[Image: Voters-PRK-Slim-SK-Aminuddin-Baki-290820-FMT-1.jpg]](https://s3media.freemalaysiatoday.com/wp-content/uploads/2020/08/Voters-PRK-Slim-SK-Aminuddin-Baki-290820-FMT-1.jpg)
