The tree doesn’t fall far from the fruit. That’s what, more or less, came to my mind as soon as the map of Florida bled in bright red on the giant Fox News screen in the middle of Times Square in New York. Only hours earlier, I playfully told friends that we should celebrate Hillary Clinton’s impending victory in the US presidential election in nearby Trump Tower along Fifth Avenue.
Perhaps I will be equally surprised after next week's presidential election. But that night in 2016, with dazed eyes and horrified faces latched onto a mostly red map of America – depicting the Republican Party's unexpected victory – a tinge of deja vu washed over me. I swiftly realised that the same populist wave that took over my country just months earlier had now conquered the world’s greatest democracy. All of a sudden, America's politics seemed to be mimicking that of its former colony, the Philippines.
Donald Trump’s victory was greeted with widespread optimism in the Philippines and elsewhere – a rich contrast to many poor New Yorkers who broke into tears on that fateful election night. Millions of Filipinos saw in the new US President a powerful vindication of their own controversial choice at home, which unsurprisingly invited an avalanche of sneer and derision among the chattering classes.
Countless Filipino-Americans, including a few relatives, were ecstatic, having proudly voted for the former reality show star and self-proclaimed billionaire. Unsurprisingly, as America’s credibility cratered throughout the world, Mr Trump still managed to remain immensely popular in the Philippines as well as India and Vietnam. But what exactly explains this phenomenon?
Why are so many denizens of these faraway post-colonial nations so enamoured with the most divisive and unpopular American President in recent memory? The answer lies at intersections of history, democracy fatigue and geopolitics.
Bromance of the Century
Throughout 2016, a year that changed history, global media branded the Philippines’ populist President Rodrigo Duterte the “Trump of the East”. But for me, especially as a Filipino, it was Mr Trump who was, at least chronologically speaking, the “Duterte of the West”.
For the next four years, the two mavericks would unleash a torrent of disinformation and chaos at home, upending once vibrant democracies with unfathomable determination. They also shook up the global geopolitical landscape with thunderous rhetoric and notoriously disruptive policies.
Mr Duterte quickly became the Philippines’ first openly pro-China leader, even (falsely) claiming to be of Chinese descent, while swearing at the outgoing American president Barack Obama and threatening to end the two nations' century-old alliance.
Equally dramatic, albeit on a far larger scale, Mr Trump deployed his own fire and fury by lashing out at allies, threatening neighbours and becoming America’s most openly anti-China President in recent history. Almost single-handedly, the populist in the White House triggered a "new Cold War" by targeting not only Chinese exports, but even sanctioning the latter’s national champions and most high-profile global companies.
While Mr Trump pressed his campaign slogan, “Make America Great Again” – an astute rebranding of a long-established “America First” tradition – Mr Duterte promised to make the Philippines truly “independent” by exploring alternative partners in the East.
And yet, as I predicted just days after Mr Trump’s election, the two populists, one a self-proclaimed “socialist” and the other a New Cold Warrior, would build an unusual rapport. On a personal level, this made perfect sense.
Psychoanalytically speaking, here were two "macho" leaders and alpha males, who mirrored each other in a narcissistic embrace. Ideologically, both men successfully ran on an anti-establishment and proudly illiberal agenda against what they saw as a snobbish and deracinated "globalist" elite.
Touting law and order, Mr Trump would oversee draconian anti-immigration policies, while Mr Duterte would obsess over his scorched-earth drug war. In a personalised cult of action, they found a shared catharsis for national salvation.
Together, they formed the core of a right-wing "populist internationale" stretching from Budapest to Brasilia.
Interestingly, their bromance is shared by their core supporters. From Guam to mainland America, numerous Republicans, as soon as they realised my nationality, openly shared their admiration for Mr Duterte as a “strong leader”, especially his tough rhetoric on crime.
The Opium of Populism
In the Philippines, where there are no real ideological divides or genuine political parties, praise for Mr Trump is far more democratic, including from those who despise Mr Duterte. There are three key reasons for this seemingly strange phenomenon.
First, what we are witnessing across the world is what I have described as a “strongman syndrome”, namely the enduring yet naive belief that a single-minded and decisive leader can solve complex 21st-century challenges with sheer political will.
A century earlier, German sociologist Max Weber foresaw such “charismatic” leaders, who, in the eyes of their devout supporters, “[are] endowed with supernatural, superhuman, or at least specifically exceptional powers or qualities".
In a world of rapid change and deep uncertainty, existential anxiety is driving millions of people into the embrace of strongmen and father figures, who promise stability and safety in times of rapid transformation.
Collective faith in democratic institutions and economic globalisation has virtually collapsed across the world. The upshot is a Freudian "regression", namely the infantilisation of masses in the shadow of charismatic leadership.
According to a 2017 Pew survey, a majority of respondents in places such as the Philippines, India and Indonesia are open to an authoritarian leader, who can provide swift and decisive solutions. In the Philippines, Asia’s oldest democracy, only 15 per cent categorically supported representative democracy.
The number was even lower in Indonesia (12 per cent) and India (8 per cent), both under populist leaders, as well as in Vietnam (8 per cent), where the communist regime remains popular. As in his populist counterparts from Mr Duterte of the Philippines to Narendra Modi of India, Mr Trump is a masterful self-promoter who enjoys wide global appeal among those who yearn for the clarity of one-man rule.
The second factor is the enduring social conservatism in places such as the Philippines, extending even to the Filipino-American diaspora. After three centuries of Spanish "friarocracy" and a century of American domination, many Filipinos tend to be socially conservative and economically libertarian, namely sceptical of both big government and progressive reforms.
No wonder then, Mr Trump’s right-wing republicanism remains deeply appealing to many Filipinos both in the US and across the Pacific Ocean. In fact, it’s in the Philippines, where the American populist enjoys the highest approval ratings in the world (69 per cent), while Filipinos are his biggest supporters among Asian-Americans.
The final key factor is China. In the past decade, Beijing has expanded its military footprint across its borders, from the Himalayas to the South China Sea, fuelling growing anti-China sentiments from New Delhi to Hanoi and Manila.
Mr Trump’s tough talk, trade war and growing military deployments across China’s adjacent waters seem to resonate with a vast majority of people in frontline states such as the Philippines, Vietnam and India. What I found most fascinating are the pro-Trump sentiments even among liberal friends and social media followers, who are fans of neither Mr Duterte nor Mr Modi but see China as an existential threat to global freedom.
In Mr Trump, even Asian liberals seem to have found their "knight in shining armour" against the new communist colossus. And thus, while increasingly unpopular at home, Mr Trump remains a premier brand among Asia’s oldest democracies, the Philippines and India, and China’s communist brethren, Vietnam.
Richard Javad Heydarian is a Manila-based academic, having taught political science at Ateneo De Manila University and De La Salle University, Philippines
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Five famous companies founded by teens
There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:
- Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate.
- Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc.
- Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway.
- Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
- Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
Company%20Profile
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Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
Company profile
Company name: Dharma
Date started: 2018
Founders: Charaf El Mansouri, Nisma Benani, Leah Howe
Based: Abu Dhabi
Sector: TravelTech
Funding stage: Pre-series A
Investors: Convivialite Ventures, BY Partners, Shorooq Partners, L& Ventures, Flat6Labs
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
COMPANY%20PROFILE
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Schedule:
Sept 15: Bangladesh v Sri Lanka (Dubai)
Sept 16: Pakistan v Qualifier (Dubai)
Sept 17: Sri Lanka v Afghanistan (Abu Dhabi)
Sept 18: India v Qualifier (Dubai)
Sept 19: India v Pakistan (Dubai)
Sept 20: Bangladesh v Afghanistan (Abu Dhabi) Super Four
Sept 21: Group A Winner v Group B Runner-up (Dubai)
Sept 21: Group B Winner v Group A Runner-up (Abu Dhabi)
Sept 23: Group A Winner v Group A Runner-up (Dubai)
Sept 23: Group B Winner v Group B Runner-up (Abu Dhabi)
Sept 25: Group A Winner v Group B Winner (Dubai)
Sept 26: Group A Runner-up v Group B Runner-up (Abu Dhabi)
Sept 28: Final (Dubai)
Company Profile
Name: JustClean
Based: Kuwait with offices in other GCC countries
Launch year: 2016
Number of employees: 130
Sector: online laundry service
Funding: $12.9m from Kuwait-based Faith Capital Holding
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.”
Company%20profile
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Biog
Mr Kandhari is legally authorised to conduct marriages in the gurdwara
He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada
Father of two sons, grandfather of six
Plays golf once a week
Enjoys trying new holiday destinations with his wife and family
Walks for an hour every morning
Completed a Bachelor of Commerce degree in Loyola College, Chennai, India
2019 is a milestone because he completes 50 years in business
The specs
Engine: 4-litre twin-turbo V8
Transmission: nine-speed
Power: 542bhp
Torque: 700Nm
Price: Dh848,000
On sale: now
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Muslim Council of Elders condemns terrorism on religious sites
The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.
It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.
“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.
The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.
Other acts on the Jazz Garden bill
Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.
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