Monday, September 2, 2019
Inside America's Meddling Machine destabilizing the world order
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Sunday, September 1, 2019
'Maju' together for true Merdeka
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Collective responsibility: We need to sacrifice for the good of society so that the next generation can have a better life.
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Tajuddin was scathing and uncompromising in his words. I quote – "Malaysia is on a certain road of destruction…" and he continues with this damning pronouncement – " I can definitely say that Malaysia is a failure".
If we are honest with ourselves, we must admit that the failure that is Malaysia is ours. You and me. Not someone else's. We collectively failed. We did not do enough, and we did not do it early enough to right the wrongs. We did not do say no and stop when we should have.
We cannot blame politicians for being politicians. We cannot blame religious charlatans for being charlatans. We cannot blame opportunists and extremists to do what they do. They will do what they do because we allow them to and today we reap what we sow.
The fact is Malaysians have had it good. We got our Independence when the British Empire was in decline, washed up after two world wars and really wanted out. Even when we fought the communists the British were still here helping us along the way. In no way does that diminish the contributions of our heroes but we, as a society, never needed to see the prolonged cruelty, bloodshed and loss of a war for independence. Indonesia did. India did, a war of attrition like no other. We just did not.
We let others do the “fighting” for us and they managed to get it as best they could, and we continue to make a living from this natural paradise called Malaysia. We compromise our ideals because "let'’s not make waves and hurt our rice-bowl".
Well, more and more of our rice bowl is being taken away and more and more of our opportunity and dignity are being crushed because we didn't want to stand and be counted for what is right. Lo and behold, those that we left to do the fighting for us are the ones that seem to be taking them away and giving them to those who are making the most noise. Am I right or am I right?
Because we are selfish. We just care about what happens to us and not to those around us. We don'’t have the tradition of sacrificing for the good of society so that the next generation can have a better life or building a better society because we never needed to really fight for it.
Ours is – let me take care of me and mine, and then we blame others for the loss that we must face. Ladies and gentlemen, human beings are inherently selfish if you allow them to be.
Less than 50 years ago, the blacks in America had to adopt Ghandian civil disobedience, march together with liberal whites for years and years just so they can vote, go to schools and universities together. They were beaten, some to their deaths. Their leaders were shot and killed.The blacks in America had to adopt Ghandian civil disobedience, march together with liberal whites for years and years less than 50 years ago just so they can vote, go to schools and universities together. They were beaten, some to their deaths. Their leaders were shot and killed.
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From ground up: Only a few Malayans had to
take arms in the nation's struggle for freedom, like these local women
who joined the Malayan Home Guard troops during the height of the
Malayan Emergency in the 1950s. - National Archive
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We complained at home and we kept quiet outside of our home. We allow the violence that was May 13 to shut all of us up and every truth was swept under the carpet. And we wonder why we are today, instead of living in a more equitable society, worse off and less equal. While the politicians live in luxury, and the religious charlatans and extremists roam free. Tepuk dada tanyalah selera.(To each his own.) This Merdeka, one year past the euphoria of May 9, again I say, I am convinced more than ever, that looking at politicians will not be the answer to the salvation of this nation. I believe the salvation for Malaysia will come from a class of citizens who, despite the prejudiced environment and the institutionalised discrimination we must live in, see the world for what it could be rather than what it is now.
These are the people who have decided that they are going to make the necessary changes to obliterate these divisions in their private and public lives. These people are the moderates, the liberals and the progressive thinking individuals, cutting across all racial and religious lines.
If you are one of these individuals then MAJU (Malaysian Action, Justice and Unity Foundation) is where we will organise and change Malaysia. Imagine a million such people under a wide tent, literally putting their names behind the movement. Imagine the resources at our disposal and the decibels of our collective voice under this one banner. We can change Malaysia.
This is how we change our society. We cannot wait for others to agree with us. We cannot expect politicians and elected officials to lead us. We must be the ones to take the initiative and mobilise and show a different narrative for this nation.
We must show the narrative of what it means to live in a society where freedom of religion is real, not where you say there is freedom and yet you stop others from exercising theirs. A narrative where Islam is kind and compassionate, and not dogmatic and judgmental. We must show how we can build a science-centric society that will take Malaysia to the next level.
We must change draconian and cruel laws. We must have laws that protect the weak and the marginalised instead of continually having our weakest sacrificed at the altar of commercial interests. We must make our society fair and equitable for all without regard for race or religion. That is the beauty of democracy. It is meant to perfect a better union. Do not wait until democracy is usurped and theocracy reigns in Malaysia.
It is imperative that progressives, moderates and liberals of Malaysia organise. We must be bold in our vision but we must conduct activism within the limits of what the law provides; and that is what standing on a platform together as citizens afford us.
We intend to change how civil liberties and humanitarian concerns are addressed, not on piece-meal basis but over an encompassing agenda. To do that we need the weight of numbers of our citizens behind us. You need to stand and be counted. You can no longer be anonymous. We must have the courage of our convictions. And with that we can even change the face of politics and political discourse in Malaysia. Time is not on our side. We must have a sense of urgency. Come with me and let’s build a progressive tent no one could ever dream of in Malaysia. Let us MAJU together and truly MERDEKA.
The views expressed here are entirely the writer's own and do not necessarily reflect those of Sunday Star. Source link
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Saturday, August 31, 2019
A meaningless Merdeka
https://youtu.be/J7gFNCkMV0o
 |
| This Merdeka is a meaningless Merdeka for the nation as it entrenches itself into old political mindsets. A meaningless Merdeka ...mysinchew.sinchew.com.my |
By Prof Dr. Mohd Tajuddin Mohd Rasdi
After 21 years of writing ideas, criticisms and advice for Malaysians, Malays and those in power in academic, religious and political institutions, I have no more to give. Malaysia is on a certain road of destruction with the Malay Muslims driving it to the ground. I have looked hard and deep into many other ways than I have mentioned and I have no more ideas to bring to the table.
This is the most difficult article to write for me and I have thought many times to just call up Sin Chew and refuse a requested writing for the first time in my entire career as an academic. I see no more hope for this country. The Malays will eventually destroy itself and others with it. The only hope for the idea of a Malaysia lies in the nations of Sabah and Sarawak. If these two quit the partnership, then the idea of Malaysia is just a joke. If I were younger by three decades, I would take my family outside this country and resettle in others or at least in neighboring Singapore and the nations of Sabah and Sarawak. At least they still have teh tarik there.
With muftis sounding like gangsters in a terrible movie plot and unchecked by their patrons, the Malays will continue to be educated in that manner. With veteran Malay politicians and businessmen helming the fate of the country, the Old Malaysia has just been given a new lease of life by a heart-bypass. With academia still counting their H-indexes and SCOPUS papers, these institutions of learning will continue to be irrelevant entities to social and political development getting fat by the tax payers money and their own sense of self grandeur. Religion, academia and politics of the Malays are safely entrenched to bring the country to a precipice of oblivion.
The editors of this article wants to know from me what can be changed? Well, I no longer have any more ideas except to say…save yourself and your family by hunkering down, tightening the stomach and strategically plan for the children to be placed outside this country.
I have now begun to seriously think about such a strategy for two of my children. There is nothing here in Malaysia that would be anything of a dignified existence of a person.
When a mufti with extremely low knowledge on the history of the Indian people can make simplistic and racist statements about them, and get away without any reprimand or reminder from his patrons, then the game is ended. When he calls on hardworking and dedicated groups of Chinese educationist to be outlawed without measuring their six decades of contribution, what dignity is there left? Worse, when a peddler of religious capitalism comes to this country blaring insults not only to other religions but also the presence of our own community of generations of people, ministers have dinner with him with smiling photo ops. Susah-lah ini macam.
Then there is a political party with Islam as its name spew venoms of Islamic brotherhood being more important than citizenry and that those who oppose the peddler of religious evangelism from another country as enemies of Islam, and the police sits quietly without any reaction. Apa lagi nak cerita?
I have trained myself to be an expert at identifying success and failure in everything I do. I can also expertly predict success and failure in some things others do. I can definitely say that Malaysia is a failure. It was failing badly before May 9th 2018, it has failed even worse after merely over a year.
In the beginning, this failure was caused by a reluctance of the Malay voters to change. Then, this failure was fueled by the marriage of the two discredited Malay parties. Now, the trust of the people has been totally betrayed by the smallest and least ideological party which happens to helm the leadership and is engineering a 1990s come-back formula.
Unless a miracle happens, Malaysia will be the first country to be listed as the ‘fourth world’ of a three world category. We will go nowhere, be no ‘thing’ and simply become stuck to the ground with our old ideas about economy, education, religion and having no sense of dignity to others and the world. When one day, Muslims will be rejected entry into most countries of the world as with their favorite penceramah, then the old Malay proverb of sudah jatuh ditimpa tangga or sudah jatuh baru tertenggadah becomes a stark reality.
What is this miracle that may reignite the fires of Malaysia? Only three things. First, by a stroke of miracle, the civil society restrategize itself with other existing political parties and puts up 70 independent candidates to oust the cancerous elements in PH and combine with the dignified parties of Sarawak and Sabah, then there may be a chance.
How hard is it to find 70 credible candidates of all races dedicated to nation building? The names are already on my computer list. The civil society, good and nation-conscious NGOs can work together with the grassroots of rejuvenated veteran parties that lost their shorts in the last election. Those civil leaders appointed by the PH must return to the fold when the time of GE15 draws closer.
The second miracle would be 100,000 Malay children and more to come out of their UEC education and these children must be tracked and given support so that they can be the savior of a nation from the old bigotry of Muslims and Malays in the public schools.
That is why Malay political parties despise the UEC as the new Malays who are trilingual and globalized networked with China and the West will reformulate new national constructs based on their times with the other communities in the UEC schools.
Regardless of whether the PH government will recognize or not, I see the UEC as the only savior of this nation. The sons and daughters rejected by the majority of their own race will come back to revive the idea of Malaysia and thus, we Malaysians must ensure that the UEC survives and thrive.
Those of our sons and daughters educated in the international schools with international curriculum would be the other force that can cure an ailing nation, and that too must be protected and expanded so that it becomes affordable to send our children too. Leave the public schools entrenched in its own issues and problems.
The third miracle would be the private education tertiary institutions. These institutions have gone through the economic gauntlet and is now secure with a mixed group of academics to lead the nation where public universities fail in their own ethno-centric constructs of self-delusion and irrelevant academia. If these private universities can wake up to fill the minds of young Malaysians with the right mind set and ideas to lead the future, than the future can be theirs for the taking.
Private universities must get out of their balance sheet mindset and show that they can take over what was left out by the big brother universities and strike out on their own. The private university academics can form their own Professor Council and produce strategies for real impactful research and ideas that can move Malaysia 50 years into the future and pool its student talents to research and recharge industries linking the world. The future industries are in a mapless world and do not require a Malay Majlis Perbandaran to give the okay to start a factory. The new ‘factories’ are in cyberspace and offshore. Countries will work with these students who do not display any sense of ethnic or religious superiority complex and shun those that do. The world belongs to the private enterprise as government fails to change because of Old Politics.
The third miracle would be the pooling of resources by private companies and enterprises across a maples world to provide financial and infra-structure backings to clear thinking and hard working graduates and young skilled individuals freeing itself from any governmental ‘requirements’. Again, governments do not control cyberspace and off shore dealings. Malaysians will be everywhere in the world working, living, playing and worshipping while still rooted to their ‘tanah tumpah darah ku’.
This Merdeka is a meaningless Merdeka for the nation as it entrenches itself into old political mindsets. But this Merdeka is a new Merdeka for all Malaysians who love the idea of living with deep respect to each other’s faith and cultures and working with each other for mutual prosperity.
What we need is a Merdeka from the old rules of the game towards a new game play of global dimension that frees us from the old 90s ball and chains.
To save this Malaysia, our children must ‘leave the present Malaysia’ and embrace the future Malaysia that lies beyond its shores into a global and universal construct rooted in our traditional faiths and cultures.
(Professor Dr. Mohd Tajuddin Mohd Rasdi is Professor at UCSI University.)
Source link
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Education Minister Dr Maszlee Malik comes under more fire over intake quota and Mandarin requirement for jobs
*A meaningless Merdeka*: by Prof Dr. Mohd Tajuddin Mohd Rasdi
https://youtu.be/J7gFNCkMV0o
|
| This Merdeka is a meaningless Merdeka for the nation as it entrenches itself into old political mindsets. A meaningless Merdeka ...mysinchew.sinchew.com.my |
By Prof Dr. Mohd Tajuddin Mohd Rasdi
After 21 years of writing ideas, criticisms and advice for Malaysians, Malays and those in power in academic, religious and political institutions, I have no more to give. Malaysia is on a certain road of destruction with the Malay Muslims driving it to the ground. I have looked hard and deep into many other ways than I have mentioned and I have no more ideas to bring to the table.
This is the most difficult article to write for me and I have thought many times to just call up Sin Chew and refuse a requested writing for the first time in my entire career as an academic. I see no more hope for this country. The Malays will eventually destroy itself and others with it. The only hope for the idea of a Malaysia lies in the nations of Sabah and Sarawak. If these two quit the partnership, then the idea of Malaysia is just a joke. If I were younger by three decades, I would take my family outside this country and resettle in others or at least in neighboring Singapore and the nations of Sabah and Sarawak. At least they still have teh tarik there.
With muftis sounding like gangsters in a terrible movie plot and unchecked by their patrons, the Malays will continue to be educated in that manner. With veteran Malay politicians and businessmen helming the fate of the country, the Old Malaysia has just been given a new lease of life by a heart-bypass. With academia still counting their H-indexes and SCOPUS papers, these institutions of learning will continue to be irrelevant entities to social and political development getting fat by the tax payers money and their own sense of self grandeur. Religion, academia and politics of the Malays are safely entrenched to bring the country to a precipice of oblivion.
The editors of this article wants to know from me what can be changed? Well, I no longer have any more ideas except to say…save yourself and your family by hunkering down, tightening the stomach and strategically plan for the children to be placed outside this country.
I have now begun to seriously think about such a strategy for two of my children. There is nothing here in Malaysia that would be anything of a dignified existence of a person.
When a mufti with extremely low knowledge on the history of the Indian people can make simplistic and racist statements about them, and get away without any reprimand or reminder from his patrons, then the game is ended. When he calls on hardworking and dedicated groups of Chinese educationist to be outlawed without measuring their six decades of contribution, what dignity is there left? Worse, when a peddler of religious capitalism comes to this country blaring insults not only to other religions but also the presence of our own community of generations of people, ministers have dinner with him with smiling photo ops. Susah-lah ini macam.
Then there is a political party with Islam as its name spew venoms of Islamic brotherhood being more important than citizenry and that those who oppose the peddler of religious evangelism from another country as enemies of Islam, and the police sits quietly without any reaction. Apa lagi nak cerita?
I have trained myself to be an expert at identifying success and failure in everything I do. I can also expertly predict success and failure in some things others do. I can definitely say that Malaysia is a failure. It was failing badly before May 9th 2018, it has failed even worse after merely over a year.
In the beginning, this failure was caused by a reluctance of the Malay voters to change. Then, this failure was fueled by the marriage of the two discredited Malay parties. Now, the trust of the people has been totally betrayed by the smallest and least ideological party which happens to helm the leadership and is engineering a 1990s come-back formula.
Unless a miracle happens, Malaysia will be the first country to be listed as the ‘fourth world’ of a three world category. We will go nowhere, be no ‘thing’ and simply become stuck to the ground with our old ideas about economy, education, religion and having no sense of dignity to others and the world. When one day, Muslims will be rejected entry into most countries of the world as with their favorite penceramah, then the old Malay proverb of sudah jatuh ditimpa tangga or sudah jatuh baru tertenggadah becomes a stark reality.
What is this miracle that may reignite the fires of Malaysia? Only three things. First, by a stroke of miracle, the civil society restrategize itself with other existing political parties and puts up 70 independent candidates to oust the cancerous elements in PH and combine with the dignified parties of Sarawak and Sabah, then there may be a chance.
How hard is it to find 70 credible candidates of all races dedicated to nation building? The names are already on my computer list. The civil society, good and nation-conscious NGOs can work together with the grassroots of rejuvenated veteran parties that lost their shorts in the last election. Those civil leaders appointed by the PH must return to the fold when the time of GE15 draws closer.
The second miracle would be 100,000 Malay children and more to come out of their UEC education and these children must be tracked and given support so that they can be the savior of a nation from the old bigotry of Muslims and Malays in the public schools.
That is why Malay political parties despise the UEC as the new Malays who are trilingual and globalized networked with China and the West will reformulate new national constructs based on their times with the other communities in the UEC schools.
Regardless of whether the PH government will recognize or not, I see the UEC as the only savior of this nation. The sons and daughters rejected by the majority of their own race will come back to revive the idea of Malaysia and thus, we Malaysians must ensure that the UEC survives and thrive.
Those of our sons and daughters educated in the international schools with international curriculum would be the other force that can cure an ailing nation, and that too must be protected and expanded so that it becomes affordable to send our children too. Leave the public schools entrenched in its own issues and problems.
The third miracle would be the private education tertiary institutions. These institutions have gone through the economic gauntlet and is now secure with a mixed group of academics to lead the nation where public universities fail in their own ethno-centric constructs of self-delusion and irrelevant academia. If these private universities can wake up to fill the minds of young Malaysians with the right mind set and ideas to lead the future, than the future can be theirs for the taking.
Private universities must get out of their balance sheet mindset and show that they can take over what was left out by the big brother universities and strike out on their own. The private university academics can form their own Professor Council and produce strategies for real impactful research and ideas that can move Malaysia 50 years into the future and pool its student talents to research and recharge industries linking the world. The future industries are in a mapless world and do not require a Malay Majlis Perbandaran to give the okay to start a factory. The new ‘factories’ are in cyberspace and offshore. Countries will work with these students who do not display any sense of ethnic or religious superiority complex and shun those that do. The world belongs to the private enterprise as government fails to change because of Old Politics.
The third miracle would be the pooling of resources by private companies and enterprises across a maples world to provide financial and infra-structure backings to clear thinking and hard working graduates and young skilled individuals freeing itself from any governmental ‘requirements’. Again, governments do not control cyberspace and off shore dealings. Malaysians will be everywhere in the world working, living, playing and worshipping while still rooted to their ‘tanah tumpah darah ku’.
This Merdeka is a meaningless Merdeka for the nation as it entrenches itself into old political mindsets. But this Merdeka is a new Merdeka for all Malaysians who love the idea of living with deep respect to each other’s faith and cultures and working with each other for mutual prosperity.
What we need is a Merdeka from the old rules of the game towards a new game play of global dimension that frees us from the old 90s ball and chains.
To save this Malaysia, our children must ‘leave the present Malaysia’ and embrace the future Malaysia that lies beyond its shores into a global and universal construct rooted in our traditional faiths and cultures.
(Professor Dr. Mohd Tajuddin Mohd Rasdi is Professor at UCSI University.)
Source link
Related posts:
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Let’s talk economy – the sequel of education
Design engineers at fault in landslide tragedy, act against negligent engineers
 |
| Design engineers at fault in landslide tragedy | The Star Online |
GEORGE TOWN: The State Commission of Inquiry (SCI) tasked with investigating the Tanjung Bungah landslide in October 2017 has found the design engineer of the slope primarily responsible for the incident that claimed 11 lives.
The SCI, in its 116-page report made public, has recommended that the engineer be investigated by the police under Section 304A of the Penal Code for gross negligence.
Besides the engineer, the commission found another design engineer responsible for being “contributorily negligent” for allowing excavation to be carried out without design, engineering calculations and supervision.
Chief Minister Chow Kon Yeow said the commission found that the slope failure was a man-made tragedy and entirely preventable if those in charge had taken necessary and proper steps to ensure the stability of the slope and the safety of the workers.
“The landslide did not develop overnight, it was a disaster waiting to happen over a period of time.
“There were ample warnings which were sadly unheeded or inadequately heeded,” Chow said of the report at a press conference at his office in Komtar here yesterday.
Chow said the report, dated July 22 this year, was a result of public hearings conducted over 26 days with testimonies from 28 witnesses.
“The commission also considered voluminous documents, reports, photographs and drawings, as well as the opinions of six expert witnesses.
“The report provides further analysis of the background facts, excerpts of testimonies recorded during the hearings and findings on liability against several parties,” he said.
The commission also found the Occupational Safety and Health Department negligent for failing to take adequate steps to ascertain the extent of the danger posed by the unsafe slope, by not promptly issuing a prohibition notice after its visit to the site on Aug 18, 2017, which was two months before the fatal incident.
Chow said copies of the report would be sent to the police, Attorney General’s Chambers, Board of Engineers Malaysia and other authorities involved.
“The report also contains nine recommendations that the commission hopes will serve as guidelines and prevent such incidents from recurring,” he added.
On Oct 21, 2017, a temporary slope in the construction site of a high-rise apartment block in Tanjung Bungah collapsed while workers were trying to stabilise it. Tonnes of earth crumbled, killing 11 workers.
The full SCI report can be bought at Level Three, Komtar, for RM50 per copy between Sept 3 and 30. For more details, call 04-650 5480.- Source link
Chow: Agencies have to act against negligent engineers
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| Penang chief minister Chow Kon Yeow |
“It is up to the agencies and the police to take action as recommended by the State Commission of Inquiry (SCI).
“I have also directed the Town and Country Planning Department, Penang Island City Council, Seberang Prai Municipal Council and other related agencies to come up with recommendations to improve hill development.
“It was discussed at the State Planning Committee meeting and I have directed state housing, town and country planning and local government committee chairman Jagdeep Singh Deo to head the committee and come up with the recommendations within a month, ” said Chow at Komtar here yesterday.
It was reported that the SCI tasked with investigating the Tanjung Bungah landslide in October 2017 had found the design engineer of the slope primarily responsible for the incident that claimed 11 lives.
The SCI, in its 116-page report made public, had recommended that the engineer be investigated by the police under Section 304A of the Penal Code for gross negligence.
Besides the engineer, the commission found another design engineer responsible for being “contributorily negligent” for allowing excavation to be carried out without design, engineering calculations and supervision.
Penang Island City Council engineering director A. Rajendran, who was also present at the press conference, said the stop-work order on the project was lifted after the developer completed mitigation works.“However, different engineers have been overseeing the project since work resumed some time ago, ” said Rajendran.
On Oct 21,2017, a temporary slope at the construction site of a high-rise apartment block in Tanjung Bungah collapsed while workers were trying to stabilise it.
Tonnes of earth crumbled, killing 11 workers. - Source link
Read more:
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Penang landslide, whose faults?
Huge landslide in Tg Bungah hill
Landslide tragedy caused by slope instability, was a Construction mishap, not landslide!
Landslide nation, Malaysia ranks highly for landslides
Penang landslide tragedy, why it happened?
Penang Landslide occured days after remedial works started
Penang floods and landslides, looking beyound natural causes!
Cracked drain causes road cave-in, house nearby on brink of callapse
Penang govt rapped over hill slope development
Invalid drainage and construction damaged nearby houses since 2014 must complete its mitigation quickly!
Penang floods, support pours in for dialogue
Penang Paya Terubong Residents living under shadow of fear!
Call to reassess Penang hillside projects, councillor addresses full council meeting of MBPP
Hills, landslides, floods and damaged houses: What to do?
Penang landslides & flooding are natural disasters man-made?
Has Penang Island’s growth & development become a hazard to life?
Tuesday, August 27, 2019
Is Trump insane? Escalating trade tension woos equity bears to Asia
Trump Says He's Lost Billions Being President
https://youtu.be/EAO9eO1Nh1E
President Trump: I don't blame China, I blame past leadership
https://youtu.be/Dzvlysi7zOQ
Departure of U.S. companies from China will hurt U.S. economy
https://youtu.be/-ooTKeqwsbo
A Lot of Confusion in China on U.S. Motives, Says AmCham China’s Stratford
https://youtu.be/gysFIV8327w
Escalation of China-U.S. trade tension
https://youtu.be/3pCXrJtm1W4
Markets sink as Trump presses US companies to leave China
https://youtu.be/eutPdwk19Ac
Stocks fall amid fresh tensions in US-China trade war
https://youtu.be/sio9xZtR4gA
Locally, the FBM KLCI stayed in negative territory for the whole of yesterday, before paring losses to close 8.8 points or 0.55% lower at 1,600.53 points. Before the closing, the index hovered below 1,595, falling 1.17% to an intraday low of 1,590.51.
Despite the fall, the local index was among the least affected by the regional selldown, compared with other Asian indices. The biggest loser among the regional indices was Japan’s Nikkei 225, falling 2.17% to 20,261.04. This was followed by Hong Kong’s Hang Seng Index and the Taiwan Stock Exchange, down 1.91% and 1.74% respectively. India’s Sensex notably closed 2.16% higher.
In Southeast Asia, Singapore’s Straits Times Index was the biggest decliner, down 1.45% at 3,065.33, and the Jakarta Composite index closed 0.66% lower at 6,214.51.
Last Friday, US President Donald Trump announced an additional duty on some US$550 billion worth of targeted Chinese goods, following China’s move to hike trade levies on US$75 billion worth of US goods.
Trump said US tariffs on US$250 billion of Chinese imports will increase from 25% to 30% on Oct 1, while an additional 5% tax on US$300 billion worth of Chinese goods — raising the tariff to 15% from 10% — starts on Sept 1.
The president made it clear that the US was responding to China’s threat of additional tariffs on US$75 billion of goods including soybeans, automobiles and oil.
“This looks like a tit-for-tat [response] and I don’t see an easy resolution to the trade war, as there seems to be no middle ground between the US and China. It is very unsettling for the market because there is no direction from day to day,” said Inter-Pacific Securities Sdn Bhd research head Pong Teng Siew.
However, the tensions eased a bit towards the later part of yesterday, as Chinese Vice Premier Liu He said China was willing to resolve the trade dispute through calm negotiations, stating the nation was against the escalation of the conflict.
Trump responded positively to China’s suggestion and, on the sidelines of a summit in France, had hailed Chinese President Xi Jinping as a great leader and welcomed the latter’s desire for calm negotiations.
It remains to be seen how the trade dispute will be resolved, given the constant retaliatory tariffs between the two economic behemoths since early last year.
Several trade talks between the two nations have not brought any solutions to the trade war, still affecting investor sentiments towards global markets. For the KLCI, the trade war remains a major factor affecting analysts’ forecasts.
Kenanga Research said the index’s underlying trend remains bearish but does not discount the possibility of a technical rebound as the KLCI has been in oversold territory for about a month. “Look out for overhead resistance levels at 1,630 and 1,650. If selling pressure continues, the key support levels to keep an eye on are 1,570 and 1,550,” Kenanga Research wrote in a note yesterday. - Source link
Read more:
Clout eroded as US shirks intl duties
I think it's necessary to include something Liu once said that also applies here, “The world needs a new America. It needs an America that is free of prejudice and intolerance. It needs an America that understands respect, that matches words with deeds, that understands the principles of benevolence, righteousness, propriety, wisdom, and faithfulness. The world would be lucky if the new America could become such a country.”Why are the Chinese brushing aside Trump's tweets?
Trump has turned Twitter into a stage for his political show, where he says things to gain votes for reelection. He repeats what he has done for the US – to provide Americans welfare, and to “make America great again.” But he is actually damaging the interests of his own country and people.
China unfazed by swaying US policies
In today's world of production patterns, no country can marginalize China anymore. Whichever country forcibly cuts economic ties with China will only harm itself. After Trump tweeted, he received almost one-sided opposition and doubts, which showed how inappropriate was his unrealistic proposal.Former U.S. treasury secretary criticizes policies of Trump administration
https://youtu.be/s9ZeIhimLqM
American expert accuses Western countries of double standard in HK affairs
https://youtu.be/M6YUjfwPVxs
Poking its nose into other countries' affairs is an American obsession
The past few months have been sad and depressing for those who live in Hong Kong. The safety guaranteed on the streets of Beijing and Xi'an should be available to the people of Hong Kong. China should not be asked to compromise its sovereignty. If Americans want to boycott anyone, they should do so with their politicians who support the Hong Kong unrest.
West will shed no tears for Hong Kong
Many Hongkongers are confusing right from wrong while Western public opinion constantly delivers the ideological energy that the radical protesters need. The West has shed no tears for Iraq, Syria and Ukraine, which had gone through similar hardships. Now, it is turning Hong Kong into the forefront of the struggle with China, and, as usual, they will shed no tears for the city's misery.Related posts:
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