( 3 mins read ) Over the weekend, the People’s State Power Party (Palang Pracharath, PPRP), which leads the government coalition, selected General (ret.) Prawit Wongsuwan as party leader and Anucha Nakasai as secretary general. Prawit was the number two
( 4 mins read ) Of the large Southeast Asian economies, the Philippines and Indonesia continue to grapple with the highest absolute number of new daily coronavirus diagnoses, and the trend is still unclear as to whether either country has
( 3 mins read ) Former prime minister Mahathir Mohamad and People’s Justice Party (PKR) leader Anwar Ibrahim have over the past few days hardened their respective positions on becoming the opposition’s candidate for prime minister. Each one insists, seemingly
( 3 mins read ) On Monday, a local court found prominent journalist and administration critic Maria Ressa guilty of cyber-libel and ordered that she pay a fine and damages of roughly USD 8,000, and sentenced her to a minimum
( 5 mins read ) Confidence is weak in the government’s immediate ability to manage the public health risks. The only government stimulus program so far is equal to 1.1% of GDP, with the administration’s economic team resisting a legislative
( 5 mins read ) President Rodrigo Duterte’s signature law-and-order narrative may become less valuable politically should a serious economic slowdown ensue. While this will not manifest in immediate instability, it could weaken the government’s ability to pass legislation and
( 5 mins read ) Indonesia is allocating a substantial amount of stimulus money to its state-owned enterprises. The government likely sees state firms as playing an important role in maintaining economic stability. The longer-term outcomes could be mixed, however,
A 7 point enforcement guidelines on article 43 of #NSL was passed at the 1st national security committee meeting today, allowing HK police on national security cases to:
1) search premises with approval from a police force director instead of a court warrant
La oferta del canje generó optimismo en el mercado. Algunas acciones suben hasta 20% y bonos entre 4 y 5%.
Muy buena propuesta de Canje.
Con niveles de NPV aceptables para los acreedores y acordes a las posibilidades del país.
Muy buen diseño de los incentivos, desalentando el ser holdout.
Una propuesta justa que debiera tener una alta participación.
Para el turno mañana, ya salió un nuevo episodio del podcast semanal "la economía en 3 minutos". La Argentina a contramano en el Mercosur. @prbondnews
Despite her ignominious tenure as defense minister, Inada Tomomi wants to run in the next leadership election -- although admits that it may be difficult to secure the necessary 20 endorsements. https://digital.asahi.com/articles/ASN765H1FN76UTFK00C.html
First Telegram, now WhatsApp: messaging apps say they won’t comply with court ordered requests in #hongkong pending a review following #NationalSecurityLaw . Full WhatsApp statement below: https://www.google.com/amp/s/uk.mobile.reuters.com/article/amp/idUKKBN2471E5
From a friend: Friends in Beijing report that this morning, local time, Professor Xu Zhangrun was formally detained. Some ten police vehicles and dozens of police officers were involved in the operation.
Extremely interesting interview by @CarolineGruyter with Guy Abeille, the inventor of the 3% deficit rule. Many people think that the 3% deficit and 60% debt limits are grounded in German economic orthodoxy. It was in fact a French invention in 1981 (thread) https://twitter.com/CarolineGruyter/status/1280048973122809856
De fameuze 3 procent-regel voor begrotingstekorten “heeft geen enkele economische basis,” zegt de uitvinder ervan, Guy Abeille. “Het is een politiek getal.” https://www.nrc.nl/nieuws/2020/07/06/limiet-van-3-procent-was-een-arbitrair-formuletje-a4005054
Nevertheless, the president enjoys broad public support for his COVID-19 response. In its July survey, @Poliarquia_ found 62% of Argentines approve of the public health measures, though that's down from 84%.
Will be interesting to see if other countries end up emulating China here, or if they will be content to rely on stockpiling and Chinese supply post pandemic.
Seems clear that Chinese supply will be there ...
Great work as usual by @KeithBradsher