Bring corrupt culprits to court fast

MINISTER in the Prime Minister’s Department Datuk Paul Low recently told the Dewan Rakyat that the Malaysian Anti-Corruption Commission (MACC) detained 1,011 civil servants and 26 executives of government-linked companies (GLCs) for alleged corruption and money-laundering between 2014 and September this year.

Assets amounting to almost RM172mil were seized and frozen in relation to these cases.

The government officers nabbed outnumbered the GLC executives by nearly 40 to one, but that is no reason to focus less on the fight against corruption in the GLCs.

The GLCs are in many ways a special class of companies.

A GLC is like any other company in the sense that its primary objective is to make money from commercial activities.

At the same time, a GLC is controlled by the Government (usually through majority shareholding) and is thus an extension of the Government.

But that is not the only way that a GLC is like a government department or a statutory body.

Often, GLCs serve as instruments of public policy.

For example, they undertake huge projects that drive the country’s development. They are in industries that are strategic to national interests — aviation, finance, telecommunications, natural resources, automotive, ports and power.

They tailor certain aspects of their operations, such as human resources and procurement, to suit objectives set by the Government. And they champion causes that support what the authorities want to do.

As such, we have every reason to be dismayed if a GLC is not run with integrity and efficiency.

Do we derive comfort from the MACC’s detention of two GLC top men over the past week?

On Nov 10, the Commission picked up the general manager of a GLC at his house in Seremban to assist in a corruption probe.

And on Monday, a director of a GLC was detained for alleged abuse of power and corruption back when he was chief executive officer of another GLC.

We can view these developments as encouraging signs of the MACC stepping up its efforts to combat corruption in GLCs.

But the feel-good factor will not last if the investigations are not followed by swift and successful prosecution.

Hauling up people for questioning and freezing assets is only half the job.

The culprits must be brought to court and people need to see justice delivered without fear or favour.

If this does not happen, it only serves to bolster the longstanding argument that government has no business being in business.


 By The Star Says - The Star analyses the issues and developments of the day, and offers a viewpoint.

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It pays to learn from China

Malaysia can achieve high income nation through Belt and Road initiative, says minister

https://youtu.be/IjEEOkPW8Zc

MALACCA: Malaysia can learn from China which is skilled in attracting and profiting from the knowledge and skills of its human capital, said Datuk Seri Dr Wee Ka Siong.

The Minister in the Prime Minister’s Department said China was creating an innovative economy and not just a high-income one driven by strong domestic consumption.

“China’s leadership is building on ambitious growth targets based on equality, efficiency and evaluation. We need to emulate this trait,” he said. Dr Wee was speaking at the opening ceremony of the 8th World Chinese Economic Summit (WCES)

WCES is organised by the Asian Strategy and Leadership Institute (Asli) with the aim of promoting global and regional dialogue on the emergence of China as the world’s largest economy and bringing together the global Chinese diaspora.

Dr Wee said that Malaysia, through its participation in China’s Belt and Road initiative, would be able to achieve its aim of becoming a high-income economy by 2020.

Movers and shakers: Dr Wee (centre) flanked by former Taiwan President Ma Ying-jeou (Wee’s right) and WCES founder and patron and Country Heights Group of Companies founder Tan Sri Lee Kim Yew cutting ribbons at the opening ceremony of the 8th WCES in Malacca. Also joining them are (from left) WCES co-chairmain Datuk Seri David Yeat, Asli CEO Tan Sri Michael Yeoh, Asli and Sunway Group chairman Tan Sri Jeffrey Cheah, Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong, former Indonesian President Susilo Bambang Yudhoyono, Malacca Chief Minister Datuk Seri Idris Haron, former Australian Prime Minister Kevin Rudd, former Pakistani Prime Minister Shaukat Aziz, former Thai Deputy Prime Minister Dr Surakiart Sathirathai, Quest International University Perak chief operating officer Nicholas Goh, Mah Sing Group marketing and innovation general manager Lily Lee and Star Media Group Bhd editor-in-chief Datuk Leanne Goh.

“China can appeal to a variety of demographics within Malaysia. By utilising the diversity and skills of the multi-ethnic Malaysian workforce, China can further capitalise on business ventures in the region.

“This can include leveraging on the country’s Mandarin-speaking citizens in order to effortlessly conduct business, or using Malaysia’s large Muslim population to expand investment into the Middle East,” Dr Wee said.

One of the projects that came into the picture as an effect of Belt and Road was the Melaka Gateway that attracted an investment of RM43bil from China.

China’s southern province of Guangdong, which has established a friendly state and province relationship with Malacca, has expressed its interest in investing RM8bil in an energy project in the state that will create between 5,000 and 20,000 jobs for the locals, Dr Wee said.

On e-commerce, which currently contri­butes 16% to the GDP, he said that only 55% of local consumers use the Internet for shopping.

The appointment of Chinese Internet billionaire Jack Ma of Alibaba Group as the Government’s digital economy adviser will help tap the vast potential of that market.

The e-commerce market (excluding e-services) in Malaysia for this year was expected to reach US$991.1mil (RM4.3bil) in revenue, while the global e-commerce industry was projected to surpass US$3.5 trillion (RM15.3 trillion) within the next five years, said Dr Wee.

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Regional issues today developed from the past to predict the future, the winds of change in Asia

In "civil liberties"

The new China Syndrome: don't tell Chinese balik Tongsan, Tongsan coming to Malaysia

That is what is sorely needed to improve MCA’s chances of winning back the Chinese vote in the next general election, which is Najib’s ultimate challenge to the party.

May the goodwill generated from the Middle Kingdom’s investments coming our way be infectious.

NO doubt about it – the love is back. MCA is basking in its renewed affection and appreciation as a useful partner to Barisan Nasional.

That was supremely obvious in Prime Minister and BN chairman Datuk Seri Najib Tun Razak’s glowing speech at MCA’s annual general assembly on Sunday.

In the three years since the devastating general election in 2013, MCA has worked hard at rebuilding itself and has regained some of its mojo.

And it showed at this year’s assembly, which was very different from the mood and tone of the AGM post-GE13, when the party was still smarting from the anger and disappointment of its coalition partner.

Najib, feeling terribly let down by the lack of Chinese support, had lashed out at the community, calling their massive support for the Opposition a “Chinese tsunami”.

Not only that, he defended a Ma­lay newspaper’s front-page head­line: Apa lagi Cina mahu? (What else do the Chinese want?).

That year at its annual general assembly, he pointedly told MCA, whose parliamentary seats had been reduced to a mere seven and state seats to 11, half of what it won in the 2008 general election, that it needed “political Viagra” to raise its flagging spirit.

It was indeed a horribly low point for MCA. There were calls for the party to leave BN, but the leadership soldiered on, refusing to give up a long-established partnership.

A year later, at the MCA AGM, Najib did not mince his words again when he urged the party delegates to stop fighting among themselves because he found the factions confusing and tiresome.

All that has changed. On Sunday, he declared that there was no more Team A or B, only Team MCA, in recognition of Datuk Seri Liow Tiong Lai’s leadership in bringing unity and transforming the party.

But there was another feel-good factor at work at the AGM: the afterglow from Najib’s successful visit to Beijing a week earlier.

The Chinese government really rolled out the red carpet for Najib and his delegation, which included Liow, MCA deputy president Datuk Seri Dr Wee Ka Siong and other MCA leaders, during a six-day visit that netted investment deals amounting to RM144bil, covering bilateral trade, education, culture and defence.

Beijing’s warm relationship with Putrajaya and China’s position as Malaysia’s largest trading partner did not happen overnight.

China has always remembered Malaysia for being the first Asean country to establish diplomatic relations with it when communism was still seen as a threat to the region.

That was thanks to Najib’s father, second Prime Minister Tun Abdul Razak Hussein, who made that historic visit in 1974.

But it was the Malaysian Chinese community that went on to deepen and strengthen those ties. Again, this is something China remembers and is grateful for: Malaysian Chi­nese businessmen who invested in China in the late 1970s when Deng Xiaoping had just opened its doors to foreign investment.

Among them is the stellar tycoon Robert Kuok, said to wield great influence with the Chinese leadership, whose long-standing admiration for him culminated in CCTV, Chi­na’s state TV broadcaster, bestowing on him the China Econo­mic Per­son of the Year Lifetime Achievement Award in 2012.

Among the stories told include how Kuok earned the Chinese government’s trust and affection after he, the renowned Sugar King, secretly helped China overcome a severe sugar shortage in the early 1970s.

Interestingly, when Chinese leaders visit Kuala Lumpur or Singapore, they invariably choose to stay at Kuok’s Shangri-La hotel and that includes former president Hu Jintao and his successor, Xi Jinping, which is surely a measure of their continuing esteem for Kuok.

While the magnitude of the new investment deals raised eyebrows, China’s getting involved in building and funding major infrastructure projects isn’t new. After all, it was a Chinese construction company, CHEC, and a cheap Chinese government loan that helped build the second Penang bridge.

Granted, people have the right to be cautious and demand to know the details of such deals, and that should be respected. But there is no doubt that China has come to the rescue of Malaysia at a time when our economy needed a huge boost.

More importantly, Najib’s administration knows the role MCA leaders played in helping seal the deals.

After all, many of the MoUs signed concerned the development of transport infrastructure like the East Coast Rail Link and ports, which are under Liow’s portfolio as Transport Minister.

As reported, Liow made frequent trips to Beijing for meetings and wooed the Chinese to invest in Port Klang. Not only that, he was always on hand to host visiting Chinese dignitaries, like his counterpart Yang Chuantang, and Prime Minister Li Keqiang.

All the hard work came to fruition with the huge investments and the affirmation of trusted friendship between the two nations.

As Najib said, he continued to look east, like former prime minister Tun Dr Mahathir Mohamad’s Look East policy, because China was the world’s biggest economy. But frankly, there isn’t any other direction to look for big investment.

The realisation of China’s importance to Malaysia is fast taking root; so much so, the Red Shirts which, just a year ago tried to storm Kuala Lumpur’s Chinatown, have stopped their outright anti-Chinese attacks after Ambassador Dr Huang Huikang made it clear that Beijing would not stand for “incidents which threaten the interests of the country, infringe upon the rights of its citizens in doing business, or disrupt the relationship between Malaysia and China”.

But now that Najib has warmed up again to MCA and the Chinese from China are all the rage, it would really, really be nice if that love and goodwill could be spread around to Malaysian Chinese who have long invested in this place they call home and helped build it into a modern, progressive, successful nation.

It is time to stop making the Chinese community the convenient whipping boy and the bogeyman to frighten the Malays for political expediency. And no more allowing groups and individuals to spew hate speech and dangle the threat of another May 13.

This type of divisive politics has gone so bad that Liow reiterated his call for a National Reconciliation Council to strengthen the two pillars of national unity and cultural diversity, which he said had come under attack.

That is what is sorely needed to improve MCA’s chances of winning back the Chinese vote in the next general election, which is Najib’s ultimate challenge to the party.

As the joke that is going around now: no point telling the Chinese to balik Tongsan (go back to China) because Tongsan is coming to Malaysia.

By June H.L. Wong, So Aunty, So What? The Star/Asian News Network

Aunty was determined not to write about Donald Trump but she must mention she was gobsmacked by his five-year-old granddaughter’s ability to speak Mandarin.


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Xi, Trump discuss China-US cooperation

Working together 'only correct choice', Chinese leader tells president-elect

President Xi Jinping said on Monday that "there are a lot of things" China and the United States need to, and can, cooperate on, in a phone call congratulating Donald Trump on his US presidential election victory.

"Facts have proved that cooperation is the only correct choice for China and the United States," Xi told Trump, noting that the past 37 years of diplomatic relations have brought concrete benefits to the people of the two countries, as well as facilitating global peace and stability.

Since China and the US now have important opportunities and great potential for cooperation, Xi said the two countries should better coordinate in promoting the economic development of both countries and the world, and expand exchanges in all fields to bring bilateral ties forward.

"During the call, the leaders established a clear sense of mutual respect for one another," a statement from Trump's presidential transition office said. "President-elect Trump stated that he believes the two leaders will have one of the strongest relationships for both countries moving forward."

The two leaders also agreed to keep in close contact and meet at an early date.

Tao Wenzhao, a researcher of Sino-US relations at the Chinese Academy of Social Sciences, said mutual interests between the US and China will not be subject to US political changes. Both US parties subscribe to developing relations with Beijing.

Tao said it will take time to see how Trump's China policy develops after he takes office, though the new administration "will not necessarily resort to a trade war with China", despite his statements during the campaign and pressure from many US politicians for greater containment of China.

Tao said that is "because he is a smart businessman, and a trade war surely impacts both sides".

Fu Mengzi, a Sino-US relations researcher at the China Institute of Contemporary International Relations, said there should be a distinction between Trump's statements during the campaign and his policies as president.

"He knows the importance of China-US relations. He will find some 'China hands' to draft his policies toward China," he said.

At a daily news conference on Monday, Foreign Ministry spokesman Geng Shuang said China has remained in close communication with the US side, including Trump's team.

Geng also said that China expects to expand cooperation with the new US administration at all levels and in various fields, including infrastructure construction .

"The fundamentals of China-US relations will not change in the future, even though frictions may occur," Fu said.

Tao said the Chinese government will continue to cooperate with the Obama administration, citing the 27th China-US Joint Commission on Commerce and Trade coming up in Washington, DC.

By Mo Jingxi | China Daily.


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Stop bitting the helping hand

Many of the negative responses over the deals with China seem to be politically motivated, stemming from ignorance and, in some cases, ethnic prejudice against all things Chinese.

Pivotal moment: The PM in talks with President Xi Jinping during a meeting at Diaoyutai state guesthouse in Beijing.

YOU can be angry with Datuk Seri Najib Tun Razak but let’s not lose our objectivity. The Prime Minister brought in RM144bil worth of deals signed between Malaysia and China.

Many Asean countries are eyeing that kind of money from China but strangely, some Malaysians’ sense of rationality is becoming warped, even perverted, and they feel it is prudent to go into senseless name-calling and mindless smearing of China.

We have to be careful here – remarks like Malaysia indulging in yellow culture, selling our soul to China and comments which smacks of racism are surely not the way to treat a friendly superpower nation like China.

Those making such disparaging remarks are doing a disservice to Malaysia. It’s akin to throwing sand into our rice bowl.

Hate the PM as much as you want as this is how democracy works. But do some of us need to lash out with political rhetoric against China?

It is one thing to score points against our political rivals but surely, there must be a line drawn – let’s not bite the hand that is trying to help us at a time when Malaysia needs to secure more foreign investment to shore up our flagging revenue from oil and gas.

Many of the negative responses over these deals with China seem to be politically motivated, stemming from ignorance and, in some cases, ethnic prejudice against all things Chinese, whether it has to do with mainland China or Chinese Malaysians.

Let’s look at the numbers – foreign investors (including the US) are net sellers of stocks in Bursa Malaysia and have reportedly dumped RM948.1mil in stocks although some have said it is even more.

Malaysia can no longer depend on traditional foreign direct investments from the US and other Western countries.

The reality is that China invested as much as US$84bil (RM370bil) in 2012, establishing it as the world’s third largest outward investor after the US and Japan. China has aggressively eclipsed other nations.

The shift towards China, according to one study, is obvious as the republic emerged as Malaysia’s largest trading partner, enjoying a 13.8% share of Malaysian trade since 2012.

Malaysian firms (especially those owned and managed by Malaysians of Chinese descent) have also been actively investing in China since it liberalised its economy in 1979. Some of these firms played a crucial role in attracting mainland Chinese firms to invest in Malaysia, according to studies.

Everyone knows that China has the money. And Malaysia has an edge over other Asean countries because of the link between Chinese Malaysians and China that has given us an advantageous position, especially when China increasingly sees Singapore as a US ally.

There are some who are unhappy with China’s purchase of 1MDB’s energy assets in Edra Global Energy Bhd for RM9.83bil by the state-owned China General Nuclear Power Corp recently, suggesting that the republic was only helping Najib out in the 1MDB controversy.

But let’s look at other investments – even before the recent trip by the PM. China has put in a multi-billion ringgit purchase of a substantial equity stake in Bandar Malaysia via China Railway Construction Corporation.

China Railway Engineering Corporation has announced plans to set up its multi-billion regional headquarters in Bandar Malaysia, which will host the main terminal for the proposed KL-Singapore High Speed Rail project.

It has been reported that the Chinese government has started buying more Malaysian Government Securities (MGS) and this inflow of new money could possibly rise to RMB50bil (about RM30bil) in total or 8.5% of Malaysia’s total outstanding MGS as of early April.

Those who have been grumbling should answer if there’s any big money coming from the US, Australia or Britain.

And many of us are also wary about money coming in from the Saudis – some are alleging that they are exporting radical Islamic values to Malaysia. Do we need this?

Like it or not, China, apart from being Malaysia’s largest trading partner which takes up 19% of its exports, is presently one of the top five foreign investors in the country.

Investments from China in the manufacturing, construction, infrastructure and property sectors are at significant levels now.

According to official data, China’s investments in the manufacturing sector here from 2009 to 2015 totalled RM13.6bil, creating 24,786 jobs.

Malaysia also needs more Chinese tourists to visit our country and we hope to attract two million Chinese tourists by the end of the year. Our tourism industry has seen a growth of 23% in arrivals from China since the e-visa entry programme was introduced in March this year.

China is the third largest source of tourists for us after Singapore and Indonesia. Malaysia targets eight million Chinese tourists by 2020.

Only 10% of China’s population travelled out of their country and yet they have spent US$229bil (RM1tril) globally last year. They easily beat the number of many Western countries put together!

They spend more than other tourists and they travel in bigger numbers. We all know that in Western countries, Chinese-speaking shop assistants are specifically hired to engage with this segment of customers.

Malaysia is not on the radar of Chinese tourists but more young Chinese tourists have chosen to visit Sabah because of its beautiful sea and lush forests.

Chinese tourists spent US$215bil (RM948bil) abroad last year, 53% more than in 2014, according to a World Travel & Tourism Council report, a figure which is more than the annual economic output of Qatar. Chinese tourists are now spending way more than anyone else, including the Americans.

The number of Chinese tourists travelling globally has more than doubled to 120 million over the last five years, according to data from the China National Tourist Office and WTTC. That means one in every 10 international traveller now is from China.

Malaysia is missing out on this action, unfortunately. For a start, we can make travelling into Malaysia easier for them and having more direct flights will help.

Let’s give credit where credit is due. Najib has done well, from his recent trip to China.

It will even be better if our own Air Asia gets to fly into more Chinese cities as this will surely help boost Chinese tourist arrivals.

Let’s get real, all of us.

Certainly we have the right to express our concerns over the terms of some projects, and to seek clearer details, but let’s not drag in unnecessary elements which strain bilateral ties.

By Wong Chun Wai

Wong Chun Wai began his career as a journalist in Penang, and has served The Star for over 27 years in various capacities and roles. He is now the group's managing director/chief executive officer and formerly the group chief editor.

On The Beat made its debut on Feb 23 1997 and Chun Wai has penned the column weekly without a break, except for the occasional press holiday when the paper was not published. In May 2011, a compilation of selected articles of On The Beat was published as a book and launched in conjunction with his 50th birthday. Chun Wai also comments on current issues in The Star.

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Lonely South Korean President Park Geun-hye faced mounting pressures to resign

https://youtu.be/kbQtyJk1k-Q

https://youtu.be/ffqaQ4BBz4Q

Angry lot: People chanting slogans during a rally demanding Park step down, in central Seoul. — Reuters

SEOUL: South Korean President Park Geun-hye faced mounting calls to step down as a record number of people at a massive rally criticised her as unfit to rule over allegations she allowed a friend to meddle in state affairs and wield influence.

The protest rally in downtown Seoul drew more than half a million people, according to its organisers, many of whom were ordinary citizens who packed the main streets running through the city centre including a 12-lane thoroughfare.

They came with family, and students and young parents pushing strollers were among the crowd as were people in wheelchairs and crutches, in a sharp contrast from some previous rallies often dominated by militant unions and civic groups that had turned violent and clashed with police.

They chanted “Step down, step down, you must step down.”

“Of course she must step down,” Jung Sun-hee, a 42-year-old homemaker who attended the rally with her husband and two pre-teen daughters, said.

“I believe we need a new person to break through this situation, who will be better than this one.”

The crowd has been given a go-ahead by the court to march later in the evening to within a few blocks of the presidential Blue House compound, which had been previously disallowed by the police, citing security reasons.

It was the third weekend protest rally since Park’s first public apology on Oct 25 where she admitted she had sought the advice of her friend, Choi Soon-sil, which only fuelled public anger and suspicion over the secret confidant who apparently held no official government position.

Choi Soon-sil mobbed by reporters
https://youtu.be/wZrBDi-3ZeQ

Another apology by Park and an offer to work with the parliamentary opposition to form a new Cabinet and relinquish some power failed to calm public anger, prompting her opponents to say she did not grasp the gravity of the crisis at hand.

Members of main opposition parties joined the rally calling on Park to resign, indicating there was a growing opinion in parliament to take action to remove her from power, although there was no formal move yet to launch impeachment proceedings. — Reuters

South Korea’s president said tragedy and “loneliness” drove her to rely on a shadowy female confidante

Since I arrived in the presidential office, I've lived a lonely life.
https://youtu.be/NufGEVbwaUk

In a deeply contrite apology, South Korean president Park Geun-hye said today (Nov. 4) she alone was responsible for the current scandal engulfing her presidency, and denied allegations that she was involved with a cult or had performed shamanistic rituals at the presidential Blue House.

South Korea has been rocked by the revelation that Choi Soon-sil, the daughter of a Christian cult leader, had been advising the president on policy matters, editing her speeches (without holding any office), and leveraging their close relationship for influence and personal gain. Choi is also said to have a spiritual hold over the president and has given her advice based on mystical beliefs, including on auspicious colors to wear.

Park’s approval rating has plunged to 5% (link in Korean) according to the latest Gallup poll—a record low for a South Korean president and breaching the 6% rating of president Kim Young-sam during the Asian financial crisis in the late 1990s. Park offered a deeply emotional apology that referenced her own tragic upbringing. During it, the president did not have her usual confident bearing, and instead looked small, dejected, and diminished.

“Living on my own, I had no one to help me with the many private affairs that needed taking care of, so I turned to Choi Soon-sil, whom I have known a long time for help,” Park said, adding that it was the “loneliness” she felt after cutting ties with her remaining family that drove her to lean on Choi. Park, who has never married, said she distanced herself from her remaining family after she became president “in case any untoward thing were to happen.”

“[Choi] was the person that stood by me during my hardest times, so I had my guard down. Looking back, I now see this all came about because I trusted our relationship and did not scrutinize things carefully,” Park added.

Choi Soon-sil’s father was extremely close to Park’s father, the dictator Park Chung-hee–who presided over a rapid economic boom that lifted millions of Koreans out of poverty. Park Chung-hee was assassinated by his bodyguard in 1979 when Park Geun-hye was 27. Her mother died in a previous assassination attempt on her husband. Because of these events, the current president cuts a deeply tragic figure in Korea, and there is still sympathy for her.

Kim Sun-chul, an assistant professor of Korean studies at Emory University in Georgia, said that since both her parents were killed when she was young, Park Geun-hye “doesn’t have much confidence in herself… and didn’t have much of a social life.”

“There are even parts I can understand. The daughter of a president and an ordinary university student, it’s not a typical meeting, fate, to become friends and stay friends for 40 years, so the two of you must have leaned on each other and helped one another materially,” veteran Korean news anchor Kim Joo-ha said in a letter she read on TV in October (link in Korean). Kim later faced harsh criticism and harassment for her letter, for implying that the president was a victim.

Sympathy for Park is strongest among the elderly in Korea, although even there it is not widespread. Park has a 13% approval rating among people aged 60 and above, the Gallup poll found.

“The older generation lived through the brutal assassination of her parents,” said Katharine Moon, a professor of political science at Wellesley College in Massachusetts. “It just became part of their daily life, the tragedy that that family went through… it’s not possible for some of the older generation to separate Park Geun-hye and her life from the tragedy that befell her.” - http://qz.com/

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Disruptive Donald J.Trump, US president-elect policies

US president-elect Donald Trump gives a speech during election night at the New York Hilton Midtown in New York on Nov 8, 2016. PHOTO: AFP

I was going to write about disruptive technology but the whole week was taken up with the disruption that Donald J Trump caused in upsetting the US establishment by winning the Presidential elections.

The establishment was so confident of a Hillary win that the New York Times predicted 85 per cent chance of her winning and the Economist magazine showed a cover picture with Hillary as America and the rest of the world’s best hope.

Trump’s victory repeated the Brexit phenomenon that the elites don’t get it.

The voters are angry and even if Hillary had the support of women, African Americans and Latinos, it was not enough.

Trump basically tapped into the anger in the dominant American white voter that life has not been good in the last 30 years, attributing this to globalisation, immigration, disruptive technology and mostly, the failure of the elites to listen.

There was something quite Darwinian about the US elections.

Here was an alpha male challenging the establishment, both on the Republican and Democratic sides.

Against all odds, he defeated the Bush dynasty and the Republican party leadership to win the nomination.

Then he crushed the alpha female (Hillary), partly because somehow no one could quite trust what she really stood for.

Certainly, Wall Street would have benefited most, being her major supporter.

But no one quite trusts banksters these days.

Trump put the Clinton/Obama dynasty into its place.

We are likely to see some major changes affecting Wall Street.

Remember how in 1934, newly elected President Franklin Roosevelt sent Joseph Kennedy Senior to go after Wall Street?

How did Trump get there?

Firstly, as a businessman, he understood that the old model was broken because he read the signals right – the average American voter was angry and wanted their issues fixed.

Secondly, he knew that the mainstream establishment media was against him but they didn't get what his pollsters were reading.

The Web traffic was showing that his outrageous statements were touching raw nerves.

Politics ultimately is about the gut rather than the rational mind.

Thirdly, the pollsters were reading the old tea leaves, not appreciating how voters were refusing to show their hand till the last minute.

An American friend had this insight – most of his friends refused to tell anyone that they supported Trump.

They did not want to appear politically incorrect to support a ranting candidate that was not playing to the traditional songs.

But they wanted change – and Obama did not deliver what they wanted.

What next for Trump and for Asia?

Based upon his campaign language, Trump is likely to be quite tough on allies and competitors alike.

American military support wouldn’t come free for allies and he is also likely to be tougher on his foes.

This means essentially that everyone will have to look after their own interests.

The election also showed that what concerns the voter most is the need for good jobs.

This is where globalisation and technology disruption have upset the status quo.

Jobs either go abroad where wages are cheaper or technology is such that most manufacturing can be done onshore, but robotics are replacing grunt labour.

Hence the only Tech Age solution is proper education and training on the job.

In the tech age, governments cannot assume that the market will provide the jobs without state help.

Employers need to be aware that you can’t shed labour without investing in people.

Universities and schools have been disrupted by the Internet, because the best teaching is now accessible online and mostly free.

Massive Open Online Curriculum (MOOC) means that anyone can access the best online lecture course by some of the top lecturers at the best universities, fully up to date.

Who needs uninterested local professors who are still teaching out-dated texts they learnt thirty years ago?

​Digital divide

The Digital Divide means the line between those who are digitally connected and those who are not.

Increasingly, societies are networks across which goods, services, information and value are traded, exchanged and created.

Those who have access to these networks grow wealthier, outstripping those who are not.

Hong Kong is a perfect example of how cities become successful by being a free port, where there are low transaction costs, with rule of law and access to free information.

Having superior marine port, airport and road and now rail connection to the Mainland of China made Hong Kong not just the entrepot centre for Chinese trade with the world, but also a globally connected city.

But making money through trade, finance and real estate is no longer viable when every business is disrupted by technology.

Alibaba, Amazon, Google and Facebook are just a bunch of smart people that integrate multiple markets using their digital platform.

Their cost expense ratios are a fraction of the traditional bricks and employee business of Walmart, real estate developers, banks and newspapers.

They have global reach, especially the young and mobile.

All this means that as America becomes strong under Trump (which he promised), every country or city needs to compete even more fiercely in the digital age.

Cities have better chances of getting their acts together to get the government, business and civil society to work together and achieve how they really want to compete in the digital age.

I was in Shenzhen last month looking at how they are coping with the digital age.

Shenzhen is now green and dynamic, with showcase drone technology, Huawei telecommunications and genomic technology that are at the cutting edge of innovation.

No one I talked to cared about the angst that was going on in Hong Kong, where the young and old are still squabbling over their own identities.

Shenzhen was moving to compete head-on with Silicon Valley, Bangalore, Shanghai and Hangzhou. And this is a city that thirty years ago had no university of its own and no serious manufacturing to speak of. This is an immigrant city par excellence finding its own place in global technology.

Disruption comes from sheer willpower. Either you disrupt or you become disrupted.

Trump and Shenzhen are showing the way. Everyone else please wake up.

By Andrew Sheng, Asia News Network/The Star

The writer, a Distinguished Fellow of Hong Kong-based think-tank Fung Global Institute, writes on global issues from an Asian perspective.

 

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