Even before the latest escalations – Israel’s invasion of Lebanon and Iran’s missile barrage, which it said was in retaliation for Israeli attacks – conflict in the Middle East was the top security issue for people in South-East Asia.
Published in April, the State of South-East Asia 2024 Survey found that 46.5 per cent of respondents named Israel’s war in Gaza as their government’s top geopolitical concern – higher even than the aggressive behaviour in the South China Sea. The latter may be far closer to home, but as 250 million Muslims constitute 40 per cent of the region’s overall population, the result should not have been too surprising.
Over the weekend, Bernama, Malaysia’s national news agency, published a report saying that the country “expressed deep regret over Israel’s barbaric actions following the assassination of Hezbollah leader Hassan Nasrallah”. Speaking at the UN in New York, Malaysian Foreign Minister Mohamad Hassan demanded that the Security Council impose an immediate arms embargo against Israel. “They have already crossed the line, and we need to take drastic action to curb their barbarism,” he said.
Also speaking at the UN after the bombings that killed the Hezbollah leader, Indonesian Foreign Minister Retno Marsudi asked if the Security Council would take action to stop “Israel’s atrocities” only when all Palestinians were displaced or if 100,000 had been killed. Referring to what she called the “unprecedented massive air-attacks on Beirut”, she said “[Israeli] Prime Minister [Benjamin] Netanyahu wants the war to continue”. She was echoing Indonesian President Joko Widodo, who had already called on the UN “to provide a quick response to prevent more victims from Israeli attacks”.
Lebanon does not have quite the resonance that Palestine does in South-East Asia. And there is considerable ambivalence about Hezbollah. Nevertheless, there have been several voices of criticism of the killing of Nasrallah.
The widespread consternation and anger felt about Israel’s murderous campaigns in Gaza and the West Bank have only been deepened by the horrors it is now inflicting upon Lebanon. No one here would describe Israel’s explosion of Hezbollah members’ handheld devices that blinded, maimed and killed people as “that amazing thing with the pagers”, as the UK Conservative party’s leadership contender Kemi Badenoch did so tastelessly on Monday.
The question is what effect all this will have on the region as a whole. Israel has diplomatic relations with most of the 10-member Association of South-East Asian Nations, and a strong security partnership with Singapore, in particular. It has been reported that Indonesia was planning to normalise ties, beginning with the proposed establishment of mutual trade offices last October. That is off the table in the current atmosphere. Only on Monday, the Indonesian Ulema Council issued a statement urging people to “never stop the boycott” of Israeli goods “because the genocide has not stopped either”.
As for Brunei and Malaysia, anti-Israel sentiment – always strong – is now so vehement that even if Israel agreed to establish a Palestinian state on pre-1967 borders, and all the other Arab states normalised ties, it wouldn’t surprise me if Kuala Lumpur delayed joining them.
Asean’s foreign ministers issued a strong statement in July expressing “grave concern over the dire humanitarian situation in Gaza”, condemning the attacks on civilians and civilian infrastructure, calling for a ceasefire, and bringing to an end “as rapidly as possible the unlawful presence of the state of Israel in the occupied Palestinian territory”. At the end of this year, Malaysia will become the group’s chair, and Prime Minister Anwar Ibrahim – at his most confident and commanding in foreign affairs – is likely to use the opportunity to push the association to take an even stronger stance against Israel.
Anwar will doubtless face pushback in Asean meetings from members with beneficial ties with Israel. But the tide may be in his favour
He can’t, and won’t, try to interfere with any member country’s internal politics. That is neither the Asean nor the Malaysian way. But expect those wielding the pen in Kuala Lumpur to draft far harsher Asean statements on Israel and for Mr Anwar to use the platform to urge more concerted international action against what he has called “a rogue and pariah state”. On Wednesday, he posted on social media: “This escalation is plainly aimed at keeping Israel’s current political leaders in power and out of prison, sacrificing innocent lives at the altar of one man’s political career.”
Mr Anwar will doubtless face opposition in Asean meetings from members with beneficial ties with Israel. But the tide may be in his favour, and among South-East Asians of all faiths. Older generations in Vietnam are said to see a parallel between the destruction of Gaza and that visited on them by the US decades ago. In July, Singaporean Defence Minister Ng Eng Hen said of Israel and its apparently limitless backing by the US: “I think across many countries, we’ve lost the young on this.” Even in Singapore, he said, “the young are particularly incensed about the violence and the fact that nothing is done to stop it”.
Why should they think otherwise? And what on earth could persuade them to take a more benign view of either Israel’s actions or Washington’s enabling? The young people in Malaysia I have talked to view the issue as completely black and white. Over the past year, I have heard only one (older) South-East Asian tell me they discovered they had a friend who was pro-Israel. Her response? “I blocked her immediately.”
Israel’s expansion of its war to Lebanon and Mr Netanyahu’s recklessness will only firm up her conviction, and almost certainly persuade others to accept Mr Anwar’s characterisation of Israel: as “a rogue and pariah state”. Israel is losing ground badly in South-East Asia – and it’s dragging the US with it.
Rankings
ATP: 1. Novak Djokovic (SRB) 10,955 pts; 2. Rafael Nadal (ESP) 8,320; 3. Alexander Zverev (GER) 6,475 ( 1); 5. Juan Martin Del Potro (ARG) 5,060 ( 1); 6. Kevin Anderson (RSA) 4,845 ( 1); 6. Roger Federer (SUI) 4,600 (-3); 7. Kei Nishikori (JPN) 4,110 ( 2); 8. Dominic Thiem (AUT) 3,960; 9. John Isner (USA) 3,155 ( 1); 10. Marin Cilic (CRO) 3,140 (-3)
WTA: 1. Naomi Osaka (JPN) 7,030 pts ( 3); 2. Petra Kvitova (CZE) 6,290 ( 4); 3. Simona Halep (ROM) 5,582 (-2); 4. Sloane Stephens (USA) 5,307 ( 1); 5. Karolina Pliskova (CZE) 5,100 ( 3); 6. Angelique Kerber (GER) 4,965 (-4); 7. Elina Svitolina (UKR) 4,940; 8. Kiki Bertens (NED) 4,430 ( 1); 9. Caroline Wozniacki (DEN) 3,566 (-6); 10. Aryna Sabalenka (BLR) 3,485 ( 1)
Can NRIs vote in the election?
Indians residing overseas cannot cast their ballot abroad
Non-resident Indians or NRIs can vote only by going to a polling booth in their home constituency
There are about 3.1 million NRIs living overseas
Indians have urged political parties to extend the right to vote to citizens residing overseas
A committee of the Election Commission of India approved of proxy voting for non-resident Indians
Proxy voting means that a person can authorise someone residing in the same polling booth area to cast a vote on his behalf.
This option is currently available for the armed forces, police and government officials posted outside India
A bill was passed in the lower house of India’s parliament or the Lok Sabha to extend proxy voting to non-resident Indians
However, this did not come before the upper house or Rajya Sabha and has lapsed
The issue of NRI voting draws a huge amount of interest in India and overseas
Over the past few months, Indians have received messages on mobile phones and on social media claiming that NRIs can cast their votes online
The Election Commission of India then clarified that NRIs could not vote online
The Election Commission lodged a complaint with the Delhi Police asking it to clamp down on the people spreading misinformation
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MATCH INFO
Uefa Champions League quarter-final second leg:
Juventus 1 Ajax 2
Ajax advance 3-2 on aggregate
MATCH INFO
Manchester City 2 (Mahrez 04', Ake 84')
Leicester City 5 (Vardy 37' pen, 54', 58' pen, Maddison 77', Tielemans 88' pen)
Man of the match: Jamie Vardy (Leicester City)
The specs
Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder
Power: 220 and 280 horsepower
Torque: 350 and 360Nm
Transmission: eight-speed automatic
Price: from Dh136,521 VAT and Dh166,464 VAT
On sale: now
25%20Days%20to%20Aden
%3Cp%3EAuthor%3A%20Michael%20Knights%3C%2Fp%3E%0A%3Cp%3EPages%3A%20256%3C%2Fp%3E%0A%3Cp%3EAvailable%3A%20January%2026%3C%2Fp%3E%0A
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
The%20US%20Congress%2C%20explained
%3Cp%3E-%20US%20Congress%20is%20divided%20into%20two%20chambers%3A%20the%20House%20of%20Representatives%20and%20Senate%3C%2Fp%3E%0A%3Cp%3E-%20435%20members%20make%20up%20the%20House%2C%20and%20100%20in%20the%20Senate%3C%2Fp%3E%0A%3Cp%3E-%20A%20party%20needs%20control%20of%20218%20seats%20to%20have%20a%20majority%20in%20the%20House%3C%2Fp%3E%0A%3Cp%3E-%20In%20the%20Senate%2C%20a%20party%20needs%20to%20hold%2051%20seats%20for%20control%3C%2Fp%3E%0A%3Cp%3E-%20In%20the%20event%20of%20a%2050-50%20split%2C%20the%20vice%20president's%20party%20retains%20power%20in%20the%20Senate%3C%2Fp%3E%0A
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
Match info
Athletic Bilbao 0
Real Madrid 1 (Ramos 73' pen)
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
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