Southeast Asia doesn’t really care who wins the U.S. election: Expert

first_imgHe was responding to a question on whether Southeast Asia would prefer Democratic presidential candidate Joe Biden to win the election.“Actually, to be frank, I don’t think Southeast Asians really care,” he told CNBC’s “Squawk Box Asia” on Wednesday. “Southeast Asians have already experienced an enormous boom in bilateral trade with China.”- Advertisement – – Advertisement – SINGAPORE — The U.S. is important geopolitically, but China is the “real game” in terms of business for Southeast Asia, according to the founder of a political risk consultancy.“It’s quite clear that China matters so much more than the U.S.,” said Karim Raslan of KRA Group. – Advertisement – – Advertisement – Vietnam’s Foreign Minister Pham Binh Minh addresses a live video conference during the Association of Southeast Asian Nations (ASEAN)-US Ministerial Meeting.Nhac Nguyen | AFP | Getty Images Asked what America can offer to the region, Raslan pointed to the continued inclusion of Indonesia in its Generalized System of Preferences, which waives duties on products from developing countries.He said there is “some capacity,” but that America’s investments — by Facebook into e-commerce company Bukalapak, or from Google into ride-hailing platform Gojek — have paled in comparison to China’s.“These numbers are dwarfed by the Chinese investment in nickel smelting in eastern Indonesia,” Raslan said. “As I say, billions and billions of U.S. dollars have been pumped over there.” “The U.S. is a sideshow. It’s important for geopolitics, but the real game in terms of business — and these are mercantilist nations — is China.”Raslan noted that Southeast Asia is China’s largest trading group, after surpassing both the U.S. and the European Union this year.“I think what we’ve got to bear in mind is that the perception of U.S. power, U.S. influence, has diminished enormously,” he said. I think what we’ve got to bear in mind is that the perception of U.S. power, U.S. influence, has diminished enormously.last_img read more

Ireland slip to Bangladesh defeat

first_imgShakib Al Hasan put in a match-winning performance as Bangladesh saw off Ireland in a World Twenty20 warm-up clash in Fatullah. The all-rounder clubbed 58 from 32 balls as part of Bangladesh’s first-up 179 for three, and then took two for 13 as the Irish were seen off by 44 runs. Bangladesh had been in some trouble at 63 for three when Shakib and captain Mushfiqur Rahim joined each other at the crease, but a partnership of 116 (Rahim 59 from 30) saw them post a healthy total. Ireland opener Ed Joyce scored a run-a-ball 44 and Stuart Thompson contributed 35 lower down the order but Bangladesh were comfortable winners. center_img Press Associationlast_img read more