Monday, January 23, 2017
The Trumpera Begins….
Well. a very wealthy man is now President of the world's wealthiest country - at least in GNP term. It's the realisation of the epitome "Cash is King". He is not even interested in taking the Presidential emoluments for he earns more than that. Probably his private jet is more comfortable than the US Air Force One and his wife looks like Jacky Kennedy.
His first move is to pull the US of A out of the Trans-Pacific Trade Agreement, so that the US will focus attention more on the promotion of its own internal trade. Trade with other countries will be conducted on a one-to-one basis, depending on whether that country meets US expectation. That's a good way of saying "trade on our terms" and "we have no obligation to trade with you."
That says a lot about US' future foreign policy. The Trumpera has already begun.
Malaysia might not feel threatened by the new US trade policy since it has found a new trade partnership - China. Billions of rinngit in investment had been promised and it looks like the NT50 plan will be financed principally by the new trade partner. Even the safety of our borders and the Malaysian shoreline will be based on the technology developed by the new partner.Well, we are still in line with the "Look East" policy although the model to be emulated is different. I only hope that the Malays in Malaysia will start to emulate the business models adopted by the wealthy Chinese towkays in this country. That can certainly transform the country into a trade-hub as Malacca used to be in the olden days.
In the meantime, some new thinking among the leaders of this country are bugging the common man-in-the-street. There is talk about banning the light two-wheelers from entering KL to ensure smoother traffic flows in the city. What a bright idea if everyone living in the city can already afford to buy a car. Then the traffic jams will increase like crazy and you can ban the cars from entering the city. To decrease the use of non-biodegradeable plastic begs, supermarkets and shops are charging 20 sen for a beg. That's considered non-burdensome although people go shopping everyday and the amount spent on plastic begs can be quite substantial. More importantly, the use of plastic begs will not be reduced at all.
happy new year
In any case the Chinese New Year is approaching. Happy CNY to all.