Category Archives: BUSINESS

Can Thailand’s junta manage the election’s outcome?

Author: James Ockey, University of Canterbury

For Thailand’s junta, the 2019 election is to be carefully managed so that the government can return to power with enhanced legitimacy, both among its own people and the international community. Yet the National Council for Peace and Order (NCPO) may have miscalculated its ability to control the elections effectively and so enhance its legitimacy.

Thailand’s Prime Minister Prayut Chan-o-cha talks with a man as he visits Lumphini Park ahead of the general election, in Bangkok, Thailand, 20 March 2019 (Photo: Reuters/Soe Zeya Tun).

” data-medium-file=”https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-20T012759Z_144472007_RC1CB94A4BE0_RTRMADP_3_THAILAND-ELECTION-400×267.jpg” data-large-file=”https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-20T012759Z_144472007_RC1CB94A4BE0_RTRMADP_3_THAILAND-ELECTION-600×400.jpg” title=”Thailand’s Prime Minister Prayut Chan-o-cha talks with a man as he visits Lumphini Park ahead of the general election, in Bangkok, Thailand, 20 March 2019 (Photo: Reuters/Soe Zeya Tun).” src=”https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-20T012759Z_144472007_RC1CB94A4BE0_RTRMADP_3_THAILAND-ELECTION-400×267.jpg” alt=”Thailand’s Prime Minister Prayut Chan-o-cha talks with a man as he visits Lumphini Park ahead of the general election, in Bangkok, Thailand, 20 March 2019 (Photo: Reuters/Soe Zeya Tun).” width=”400″ height=”267″ srcset=”https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-20T012759Z_144472007_RC1CB94A4BE0_RTRMADP_3_THAILAND-ELECTION-400×267.jpg 400w, https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-20T012759Z_144472007_RC1CB94A4BE0_RTRMADP_3_THAILAND-ELECTION-150×100.jpg 150w, https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-20T012759Z_144472007_RC1CB94A4BE0_RTRMADP_3_THAILAND-ELECTION-768×512.jpg 768w, https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-20T012759Z_144472007_RC1CB94A4BE0_RTRMADP_3_THAILAND-ELECTION-600×400.jpg 600w, https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-20T012759Z_144472007_RC1CB94A4BE0_RTRMADP_3_THAILAND-ELECTION-300×200.jpg 300w, https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-20T012759Z_144472007_RC1CB94A4BE0_RTRMADP_3_THAILAND-ELECTION-100×67.jpg 100w, https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-20T012759Z_144472007_RC1CB94A4BE0_RTRMADP_3_THAILAND-ELECTION-500×333.jpg 500w” sizes=”(max-width: 400px) 100vw, 400px”>

The constitution and electoral laws were carefully designed to disadvantage the two large parties, Pheu Thai and the Democrats. Meanwhile, the junta leaders are allowed to appoint the 250 senators who will join with elected MPs to choose the prime minister. The constitution also allowed junta leader Prayut Chan-o-cha to be nominated for prime minister without membership in a party. This gives him greater flexibility in seeking the additional 126 elected MPs whose support is necessary for him to remain in his current position.

While writing a favourable constitution and electoral laws proved possible, managing the campaign process is much more difficult. Yet strong efforts are being made. Elections are under the purview of the Election Commission of Thailand (ECT). PNet, an NGO that independently monitors the election process, recently awarded the ECT …continue reading

    

What’s next after the Trump–Kim summit in Hanoi?

Author: Vu Minh Khuong, NUS

The Hanoi summit between US President Donald Trump and North Korean leader Kim Jong-un did not produce the results many had hoped for. But it did strengthen three factors essential for shaping the foundation of any meaningful long-term partnership between the United States and North Korea: mutual understanding, respect, and a shared vision of the future.

North Korean leader Kim Jong Un and US President Donald Trump listen to questions from the media during their one-on-one bilateral meeting at the second North Korea-US summit in the Metropole hotel in Hanoi, Vietnam 28 February 2019 (Photo: Reuters/Leah Millis).

” data-medium-file=”https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-01T102845Z_243325333_RC1CA46BF930_RTRMADP_3_APPS-THREATS-COLUMN-1-400×257.jpg” data-large-file=”https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-01T102845Z_243325333_RC1CA46BF930_RTRMADP_3_APPS-THREATS-COLUMN-1-600×386.jpg” src=”https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-01T102845Z_243325333_RC1CA46BF930_RTRMADP_3_APPS-THREATS-COLUMN-1-400×257.jpg” alt=”North Korean leader Kim Jong Un and US President Donald Trump listen to questions from the media during their one-on-one bilateral meeting at the second North Korea-US summit in the Metropole hotel in Hanoi, Vietnam 28 February 2019 (Photo: REUTERS/Leah Millis).” width=”400″ height=”257″ srcset=”https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-01T102845Z_243325333_RC1CA46BF930_RTRMADP_3_APPS-THREATS-COLUMN-1-400×257.jpg 400w, https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-01T102845Z_243325333_RC1CA46BF930_RTRMADP_3_APPS-THREATS-COLUMN-1-150×97.jpg 150w, https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-01T102845Z_243325333_RC1CA46BF930_RTRMADP_3_APPS-THREATS-COLUMN-1-768×494.jpg 768w, https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-01T102845Z_243325333_RC1CA46BF930_RTRMADP_3_APPS-THREATS-COLUMN-1-600×386.jpg 600w, https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-01T102845Z_243325333_RC1CA46BF930_RTRMADP_3_APPS-THREATS-COLUMN-1-300×193.jpg 300w, https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-01T102845Z_243325333_RC1CA46BF930_RTRMADP_3_APPS-THREATS-COLUMN-1-100×64.jpg 100w, https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-01T102845Z_243325333_RC1CA46BF930_RTRMADP_3_APPS-THREATS-COLUMN-1-500×322.jpg 500w” sizes=”(max-width: 400px) 100vw, 400px”>

Largely positive news coverage of the summit in North Korea may help shift the country’s image of the United States from an ‘evil empire’ to a potential long-term partner and source of hope. For a communist regime rife with hateful propaganda of state enemies, this could be seen as a paradigm shift toward mutual understanding. Similarly, while Trump’s tough but clear stance crucially communicates that North Korea will be unable to escape its existing gridlock through small commitments, the United States also now understands North Korea better.

Trump’s generous praise of Kim is an unorthodox approach. While its political cost is high — he already faces heavy domestic criticism — the strategy promotes respect and could be rewarding. North Korea is full of national pride and aspiration, so respect is critical for any partnership. Adopting an approach focused …continue reading

    

What’s next after the Trump–Kim summit?

Author: Vu Minh Khuong, Lee Kuan Yew School, NUS

The 12 June Trump–Kim summit has turned something that was only recently unthinkable into a plausible future scenario: a completely denuclearised North Korea that is working rapidly towards global integration and economic development.

North Korean leader Kim Jong Un and US President Donald Trump listen to questions from the media during their one-on-one bilateral meeting at the second North Korea-US summit in the Metropole hotel in Hanoi, Vietnam 28 February 2019 (Photo: Reuters/Leah Millis).

” data-medium-file=”https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-01T102845Z_243325333_RC1CA46BF930_RTRMADP_3_APPS-THREATS-COLUMN-1-400×257.jpg” data-large-file=”https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-01T102845Z_243325333_RC1CA46BF930_RTRMADP_3_APPS-THREATS-COLUMN-1-600×386.jpg” title=”North Korean leader Kim Jong Un and US President Donald Trump listen to questions from the media during their one-on-one bilateral meeting at the second North Korea-US summit in the Metropole hotel in Hanoi, Vietnam 28 February 2019 (Photo: Reuters/Leah Millis).” src=”https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-01T102845Z_243325333_RC1CA46BF930_RTRMADP_3_APPS-THREATS-COLUMN-1-400×257.jpg” alt=”North Korean leader Kim Jong Un and US President Donald Trump listen to questions from the media during their one-on-one bilateral meeting at the second North Korea-US summit in the Metropole hotel in Hanoi, Vietnam 28 February 2019 (Photo: REUTERS/Leah Millis).” width=”400″ height=”257″ srcset=”https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-01T102845Z_243325333_RC1CA46BF930_RTRMADP_3_APPS-THREATS-COLUMN-1-400×257.jpg 400w, https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-01T102845Z_243325333_RC1CA46BF930_RTRMADP_3_APPS-THREATS-COLUMN-1-150×97.jpg 150w, https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-01T102845Z_243325333_RC1CA46BF930_RTRMADP_3_APPS-THREATS-COLUMN-1-768×494.jpg 768w, https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-01T102845Z_243325333_RC1CA46BF930_RTRMADP_3_APPS-THREATS-COLUMN-1-600×386.jpg 600w, https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-01T102845Z_243325333_RC1CA46BF930_RTRMADP_3_APPS-THREATS-COLUMN-1-300×193.jpg 300w, https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-01T102845Z_243325333_RC1CA46BF930_RTRMADP_3_APPS-THREATS-COLUMN-1-100×64.jpg 100w, https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-03-01T102845Z_243325333_RC1CA46BF930_RTRMADP_3_APPS-THREATS-COLUMN-1-500×322.jpg 500w” sizes=”(max-width: 400px) 100vw, 400px”>

For a major change to take place in a country, three driving factors — receptivity, pressure and enablers — must reach certain critical levels. While none of these driving factors are currently very strong in North Korea, they have far surpassed any previously observed levels.

On its receptivity to change, just like China and Vietnam before their economic reforms, North Korea has learned the costly lesson that a command economy and economic isolation lead only to disappointing results, regardless of how much corrective effort is made internally. Moreover, the impressive success of China and Vietnam has proven that making decisive change through economic reforms and global integration is the only way for a country to not …continue reading

    

Thai developer to invest further 100 billion Yen in Hokkaido ski resort

On February 4, Thai real estate developer Property Perfect announced plans to invest 100 billion Yen in their Kiroro Resort in Hokkaido over the next 10 years. The plans include expanding their ski facilities and building new luxury villas.

In December 2019 the developer will finish construction of a 108-unit resort condominium called Yu Kiroro. One-bedroom, 62 sqm (667 sq.ft) apartments in Yu Kiroro are pried from 76 million Yen (approx. 682,000 USD). In the future there will be a new 150-room hotel and high-end villas.

Property Perfect acquired the Kiroro Ski Resort in 2012 for 1.9 billion Yen (approximately 24 million USD at the time). The resort opened in 1991 and includes two hotels with 422 rooms and sits on a 48 hectare site. After the acquisition, the hotels were rebranded as the Sheraton Hokkaido Kiroro Resort and the Kiroro Tribute Portfolio Hotel Hokkaido. The resort is 55 kilometers from downtown Sapporo.

Yu Kiroro. A ski-in ski-out condominium due for completion in December 2019.

Sources:
The Nikkei Shimbun, February 5, 2019.
The Zaikei Shimbun, February 5, 2019.

…continue reading

    

Investing in care key to boosting economic growth

Authors: Elizabeth Hill, Marian Baird and Michele Ford, University of Sydney

The need to increase women’s labour market participation and economic security is on the ‘to do’ list of most governments and major global institutions. By 2025, global GDP could increase by 26 per cent — US$28 trillion — if women participated in paid work to the same extent as men.

Women take part in a women-only financial seminar named Kinyu Joshi (Finance Women) in Tokyo, Japan, 4 October 2018 (Photo: REUTERS/Issei Kato).

” data-medium-file=”https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-01-08T221325Z_1702001312_RC124768B400_RTRMADP_3_JAPAN-INVESTMENT-WATANABES-400×269.jpg” data-large-file=”https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-01-08T221325Z_1702001312_RC124768B400_RTRMADP_3_JAPAN-INVESTMENT-WATANABES-600×404.jpg” title=”Women take part in a women-only financial seminar named Kinyu Joshi (Finance Women) in Tokyo, Japan, 4 October 2018 (Photo: REUTERS/Issei Kato).” src=”https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-01-08T221325Z_1702001312_RC124768B400_RTRMADP_3_JAPAN-INVESTMENT-WATANABES-400×269.jpg” alt=”Women take part in a women-only financial seminar named Kinyu Joshi (Finance Women) in Tokyo, Japan, 4 October 2018 (Photo: REUTERS/Issei Kato).” width=”400″ height=”269″ srcset=”https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-01-08T221325Z_1702001312_RC124768B400_RTRMADP_3_JAPAN-INVESTMENT-WATANABES-400×269.jpg 400w, https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-01-08T221325Z_1702001312_RC124768B400_RTRMADP_3_JAPAN-INVESTMENT-WATANABES-150×101.jpg 150w, https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-01-08T221325Z_1702001312_RC124768B400_RTRMADP_3_JAPAN-INVESTMENT-WATANABES-768×517.jpg 768w, https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-01-08T221325Z_1702001312_RC124768B400_RTRMADP_3_JAPAN-INVESTMENT-WATANABES-600×404.jpg 600w, https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-01-08T221325Z_1702001312_RC124768B400_RTRMADP_3_JAPAN-INVESTMENT-WATANABES-300×202.jpg 300w, https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-01-08T221325Z_1702001312_RC124768B400_RTRMADP_3_JAPAN-INVESTMENT-WATANABES-100×67.jpg 100w, https://www.eastasiaforum.org/wp-content/uploads/2019/03/2019-01-08T221325Z_1702001312_RC124768B400_RTRMADP_3_JAPAN-INVESTMENT-WATANABES-500×337.jpg 500w” sizes=”(max-width: 400px) 100vw, 400px”>

But if this goal is achieved, who will look after the children, the elderly, the disabled and ill? Although both women and men participate in care, global estimates show that women assume responsibility for around three-quarters of all unpaid domestic and community labour.

Tensions between women’s participation in paid work and unpaid care work are especially acute in Asia and the Pacific. In this region, women perform more than four times as much unpaid labour as men. Managing this unpaid workload makes it difficult for women to increase participation in paid employment at a level commensurate with their increasing levels of education and training.

Home to over half the world’s population, the Asia Pacific is diverse and changing rapidly, with economic growth delivering new opportunities for women. Hundreds of millions of young rural women have been drawn into factory work, English-speaking women are employed in call centres and back-office processing centres, and highly educated women …continue reading