Saturday, January 21, 2023

Prime Minister Anwar Ibrahim's Malaysia Madani similar to Islam Hadhari

Madani – a humane concept

PUTRAJAYA: A country that believes in humanity and values like fair, just and effective governance – that is the Malaysia that Datuk Seri Anwar Ibrahim envisions.

Calling it the Malaysia Madani concept, the Prime Minister said it was to ensure an equitable economy as well as good governance where leakages are prevented and public funds are prudently and justifiably spent.

Anwar said he did not intend to introduce a new vision or build a new “monument”, but the Malaysia Madani concept would be for leaders and the people to realise their responsibility towards the country.

ALSO READ: Anwar: No more racist or unfair policies

“Our aim is not just to strengthen the economy but also to ensure that the core values of ethics and morality that are accepted and propagated by all religions are practised,” he said when launching the concept at the Putrajaya International Convention Centre yesterday.

“I have great confidence that, with cooperation between the political leadership and the civil service, Malaysia will be able to regain its good name on the global stage.

“We do not want scandals, problems or racial and religious disputes.“Malaysia must be known as a Madani nation that is prosperous, fair and rejects any form of cruelty towards any individual or race.

ALSO READ: A good concept, but it has to work, say Johor folk

“It must be a nation that is known for its renewed spirit,” he said when unveiling the Malaysia Madani concept.

Madani is an acronym for a policy that embraces six core values – keMampanan (Sustainability), KesejAhteraan (Prosperity), Daya Cipta (Innovation), hormAt (Respect), keyakiNan (Trust) and Ihsan (Compassion).

Anwar said the unity government’s plans took into account the global realities of today where there were uncertainties, complexities, contradictions and chaos.

He said the Madani concept was part of a strategic framework that was comprehensive and could absorb the changes in these post-normal times.

ALSO READ: Zahid: Efforts can take nation back to glory

“The time has come for us to stop measuring human progress and successes just on economic growth.

“Growth and development must be attained through a larger context, through the humane economy which prioritises the needs of the people, especially the poor and the marginalised.

“They must be released from the clutches of poverty in a capitalist system that breeds inequality in wealth and living standards,” the Prime Minister said.

He expressed confidence that a democratic market economy based on social justice could help achieve this goal.

The issue of a humane economy had been deliberated in his The Asian Renaissance book more than two decades ago.

“Fast forward to 2023, I believe the theme is still relevant and, in fact, imperative to achieve a sustainable economic growth that cares for the people and can save the country,” he said.

On governance, Anwar said that while each political bloc that had governed the country had its own strengths, it was more important to eliminate the weaknesses.

He said bad management and the enrichment of small groups were the biggest weaknesses.

“I am confident that if there is good governance, we will be able to tackle the economic storm with confidence,” he said, adding that one way to stop leakages and mismanagement was for ministers to review the Auditor-General’s Report and rectify issues.

“If the political leadership and civil servants work hand-in-hand, between RM5bil and RM6bil of public funds can be saved, just from the Auditor-General’s report alone,” he said.

To boost the economy, the system and laws of the country must be upheld, with no favouritism or discrimination.

“If the government machinery functions optimally, and we resolve the issue of governance, God willing, the wheels of the economy will turn faster. We will see better and greater growth,” he said.

Also present at the launch were Deputy Prime Ministers Datuk Seri Dr Ahmad Zahid Hamidi and Datuk Seri Fadillah Yusof, Cabinet ministers and senior civil servants.

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PETALING JAYA: Prime ministers come and go. And so do the snappy slogans that come with each leader.

Taglines such as Wawasan 2020, 1Malaysia, Malaysia Prihatin, Keluarga Malaysia, and now Malaysia Madani are not just punchy but important to present a prime minister’s brand and mark their legacy.

ALSO READ: Madani – a humane concept

The slogans are used to identify a prime minister’s policies and political philosophy as well as encapsulate their image or brand, says National Council of Professors senior fellow Datuk Dr Jeniri Amir.

“Every time a new prime minister comes along, he will come up with his own slogan,” he said.

So far, no prime minister has chosen to continue with his predecessors’ slogans.

The practice of having a slogan or brand for a prime minister began with Datuk Seri (now Tun) Dr Mahathir Mohamad when he launched his Wawasan 2020, which envisioned a Bangsa Malaysia (Malaysian nationality).

ALSO READ: Anwar: No more racist or unfair policies

His successor, Tun Abdullah Ahmad Badawi, had his Islam Hadhari, followed by Datuk Seri Najib Razak’s 1Malaysia.

Tan Sri Muhyiddin Yassin’s Malaysia Prihatin was the most recent, followed by Datuk Seri Ismail’s Sabri’s Keluarga Malaysia.

The latest – Datuk Seri Anwar Ibrahim’s Malaysia Madani – is very much on-brand with Anwar’s Islamic background, identity and philosophy.

ALSO READ: A good concept, but it has to work, say Johor folk

“Anwar has chosen a theme similar to that of the Islam Hadhari. Both have Islamic elements,” said Dr Jeniri.

He said Anwar’s challenge would be to realise his brand effectively, and he would need the media and his communication teams to play their roles well.

While taglines are an important political marketing tool, they also bring an extra burden on the public purse to promote them, said Universiti Malaya’s Prof Dr Awang Azman Awang Pawi.

“For example, the Keluarga Malaysia slogan saw a lot of public spending to promote various related aspects throughout the tenure of the ninth prime minister’s (Ismail Sabri),” he said.

Awang Azman said slogans could leave a lasting and deep impression depending on the length of the prime minister’s tenure.

“Tun Dr Mahathir Mohamad introduced the Wawasan 2020 concept in 1991. It left a deep impact because he was in power for a very long time, and it was even picked up by his successors to some extent,” he said.

Universiti Sains Malaysia professor of political sociology Prof Sivamurugan Pandian said the practice of using slogans was also done in other countries such as India and the United States.

“Slogans are important to set an agenda for any leadership, and the expectation is for others to react in order to understand the way forward, vision and mission through the tenure of any leadership.”

Thursday, January 19, 2023

Here's a diet to help you live a long life

The sooner one starts eating healthy, the better, but research shows that even making the appropriate dietary changes in one’s 80s can lead to a longer life. — dpa

Humans have sought the fountain of youth and long life for millennia.

For longevity at least, scientists think they’ve found a potent intervention: proper nutrition, which, in contrast to our genetic makeup and certain living conditions, is alterable.

And it appears that not only what and how much we eat is important, but also when.

In an article published in the journal Cell, gerontologists Professor Dr Valter Longo and Dr Rozalyn Anderson examine hundreds of ageing and nutrition studies on simple organisms, laboratory animals and humans, and combine them with their own studies to come up with a “longevity diet”.

Lovers of calorie bombs such as burgers, chips and cola, or comfort foods like white chocolate, will be disappointed.

The two experts link limited calorie intake and periodic fasting to a lower disease risk and longer life expectancy.

Their longevity diet calls for 45%-60% of calories from non-refined complex carbohydrates, 10%-15% from mostly plant-based proteins, and 25%-35% from mostly plant-based fats.

Translated into practical terms, this means: “Lots of legumes, whole grains and vegetables; some fish; no red meat or processed meat and very little white meat; low sugar and refined grains; good levels of nuts and olive oil, and some dark chocolate,” says Prof Longo.

While meat lovers may turn their noses up at the sound of the diet, his recommended “recipes for longevity” include couscous with mixed fish, tomatoes, almonds and garlic; Tuscan bread salad; and pasta with eggplant and tomato sauce topped with ricotta salata, which hardly sound unpalatable.

The longevity diet also calls for restricting eating to an 11-12 hour timeframe daily and a few yearly cycles of five-day fasting-mimicking diets – a low-calorie meal plan developed at the Longevity Institute that’s formulated to simulate the body’s fasting state.

Must be adapted

Prof Longo and Dr Anderson emphasise that their longevity diet should be adapted to individuals based on sex, age, lifestyle, health status and genetics,

This is as no diet is equally suited, say, to a physically fit 20-year-old and a 60-year-old with a metabolic disorder.

People over age 65 may need to increase protein intake to prevent frailty and diseases resulting from reduced bone or muscle mass, or low blood cell counts, they write.

According to German Institute of Human Nutrition Department of Nutrition and Gerontology head Dr Kristina Norman, modifications of this kind are very important.

“It’s often difficult in old age to ingest sufficient protein, too little of which can cause muscle loss and increase the risk of falling and breaking a bone.

“Eating somewhat more meat than generally recommended can therefore be advisable.”

She sees many parallels in the proposed diet with familiar dietary recommendations, e.g. those of the German Nutrition Society (DGE), as well as an eating plan aimed at healthy – and environmentally responsible – nutrition proposed by scientists some time ago.

“Contrary to popular belief, recommendations on healthy eating don’t change every few years – for the most part, they’re highly stable,” she notes.

“The Longo study can be regarded as old hat, but the matter has been reassessed and backed by stronger evidence.”

Never too late

In the view of Dr Bernhard Watzl, former head of Hamburg-based Max Rubner Institute’s Department of Physiology and Biochemistry of Nutrition, which advises Germany’s Federal Ministry of Food and Agriculture on consumer health protection in the nutrition sector, the overarching finding in the Cell review is that the quantity and quality of nutrition are key to long life.

“It’s better to consume too few calories than too many,” he says, adding that “The more demands that are placed on a system, the greater the wear it’s subjected to.”

So it’s important, he says, to keep demands at low levels.

As regards fasting, Dr Watzl is less convinced by the available data than Prof Longo and Dr Anderson are.

“Fasting is only for people unable to limit their calorie intake,” he says.

In such people, temporary abstinence from food can help to resensitise certain receptors in the body.

While he stresses it’s never too late in life to start eating healthily, Dr Watzl says sooner is better than later when it comes to preventing diseases that develop gradually over decades.

Prof Longo cited a Norwegian study that found even 60- to 80-year-olds gained several years in life expectancy when they followed many of the recommendations that are also part of the longevity diet.

The biggest gains, according to the study, came from eating more legumes, whole grains and nuts, and less red and processed meat.

Dr Watzl sees the dietary trend towards more wholemeal bread and muesli positively, but says “too much cheese or sliced sausage is often put on the bread – or white bread is eaten.”

He’s also critical of heavily-processed foods, not only because of the additives, but also the quick nutrient availability, which he says overtaxes metabolism.

ALSO READ: Ultra-processed foods are bad for your mind, heart and life

To optimise their longevity diet, Prof Longo and Dr Anderson advise personalising it in consultation with a nutrition specialist.

They also recommend focusing on smaller, more tolerable changes, rather than large ones that cause major weight loss followed – when the diet is abandoned – by a rapid “yo-yo-like” regain of fat.

“We propose that the longevity diet would be a valuable complement to standard healthcare and that, taken as a preventative measure, it could aid in avoiding morbidity, sustaining health into advanced age,” they write. – By Gisela Gross/dpa

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Wednesday, January 18, 2023

US the biggest obstructer of global recovery in 2023, Ballooning US debt a ticking time bomb for world economy

llustration: Chen Xia/Global Times

The IMF said in its latest staff report that after decades of increasing global economic integration, the world is facing the risk of fragmentation, which could reduce global economic output by up to 7 percent. And with the addition of technological "decoupling," the loss in output could reach 8 to 12 percent in some countries, it warned.

In addition to the COVID-19 pandemic, high inflation, geopolitical conflict, and regional economic uncertainty, among others, the IMF report actually points to one of the biggest worries for the global economy in 2023. At a time when the US push for the technological "decoupling" and abnormal transfer of industrial chains is "killing" globalization, it seems that fragmentation of the global supply chains and trade has become an inevitable trend, which is bound to seriously affect the global economic recovery.

The US is to blame for the current anti-globalization trend of the global economy. Over the years, the US has been trying to promote the returning of manufacturing jobs through various policies. During the process, these policies are gradually deviating from the principles and rules of free trade time and again as Washington increasingly doesn't care whether it hurts the interests of the rest of the world, such as requiring TSMC and South Korean chipmakers to shift production to the US.

For example, at the "relocation ceremony" of TSMC's first plant in Arizona last month, TSMC founder Morris Chang said that globalization and free trade are "almost dead," while US President Joe Biden claimed "American manufacturing is back" in his speech. This is perhaps the perfect manifestation of the US' disdain for globalization.

Against this backdrop, there is an increasing tendency that factors determining global industrial chains and resource allocation are politicized, deviating from economic considerations. Some countries have a strong desire to strengthen their domestic industries and become wary of international cooperation, which may be the biggest crisis to globalization.

By distorting and politicizing industrial policy, the US may be able to see a certain degree of manufacturing recovery in the short term, but in the long run, it will lead to a significant increase in the costs, creating unnecessary chaos in the global industrial chain.

Moreover, with the excuse of improving the so-called supply chain security and resilience, the US has been seeking to isolate China from global supply chains, which is another important reason for the growing trend of industrial fragmentation. In the semiconductor sector, for example, the US has been hamstringing China with export bans for years, and it announced in October escalated measures to cut China off from certain semiconductor chips made anywhere in the world with US equipment. The US is also reportedly in discussions with Japan, the Netherlands and South Korea over restricting semiconductor exports to China.

The move affects not only China, but also the global semiconductor industrial chain, shattering the traditional consensus on the global division of labor that has developed over the past few decades. Everyone is a loser in the US-led "decoupling" drive, including American companies. The third quarter of last year alone saw more than $1.5 trillion wiped from the combined market value of American-listed chip businesses, according to an Economist report.

Indeed, the US is pursuing its global strategy aimed at containing China not just in the semiconductor sector, but also in such industries as photovoltaic and electric cars. By adopting various legislations targeting China, it has tried to wean its economy off or reduce its reliance on Chinese supply chains, so as to undermine China's economic momentum.

Yet, China's industrial chain and supply chain is an inseparable part of the world, also an important driving force of the global economy. It is widely expected that China's economic recovery will become a major source of optimism for the global economy in 2023. Washington's attempt to construct a global supply chain that excludes China and to contain China's rise will cause disruption to this chain and will have a major impact on the global economy and globalization, which is obviously not in line with the interests of most countries in the world, including the US. Global economic recovery needs China's supply chain. There is no substitute. If the US continues on the path of industrial fragmentation, it will be the number one obstructer of the global economic recovery.

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Ballooning US debt a ticking time bomb for world economy

Illustration: Chen Xia/Global Times

The US policymakers seem to have steered the world's largest economy into unchartered territory, as it now faces multipronged challenges including persistently elevated inflation running at a 40-year high, a sputtering economy dragged down by a technical recession in the second quarter this year, and an enlarging federal debt which exceeded $31 trillion as of October 4 - a ticking time bomb for America and the world as well.

For the first time in history, the US' public debt outstanding has surpassed $31 trillion, data from the country's Treasury Department showed. A trillion dollars of debt was added in the past eight months alone, and it is close to reaching the $31.4 trillion debt ceiling that the US Congress set for the Biden administration's borrowing until early 2023.

Since Barack Obama took office in January 2009, the US' aggregate borrowings have kept galloping, with the current reading of $31 trillion nearly tripling $10.6 trillion worth of debt in early 2009. When Donald Trump came to the White House in early 2017, he inherited $19.9 trillion debt. And, when Biden took office in January 2021, the federal debt was $27.8 trillion. It is widely expected that the US national debt will hit a minimum of $50 trillion by 2030, according to estimations by some American institutions.

Like Japan, the US is increasingly becoming a heavily-indebted economy, with its national debt now accounting for approximately 140 percent of last year's GDP. Whether the US is going to face "two lost decades" of Japan-style anemic economic growth is unknown yet, but an incessantly bulging federal debt will definitely pose more problems for American policymakers, while chipping away at the US dollar's global reserve currency status, because a foundering US economy will inevitably reduce the importance of the greenback.

To make things worse, with inflation still running at more than 8 percent, the Federal Reserve has vowed to continue to raise interest rates in the coming months to tame stubborn price rises. Higher interest rates means that the US government will have to pay more for its huge borrowings, which raises questions about Washington's ability to service its debts, including the principal and increasingly larger interests.

As interest rates on US Treasury bonds rise, so will the federal government's borrowing costs. The US was able to borrow cheaply to respond to the COVID-19 pandemic because interest rates were at historically low in 2020. Now, interest rates on 20-year US Treasury bonds have grown to around 4 percent, meaning the US government will have to pay added interest costs of about $100 billion this year as the US central bank has raised rates from zero to 3-3.25 percent now. In May, the Congressional Budget Office (CBO) projected the US' annual interest costs will reach $399 billion this year, which is forecast to surge to $1.2 trillion in 2032.

The long-haul fiscal challenges facing the US are mounting. Since the 2008-09 global financial crisis, the US government has relied on quantitative easing (QE) monetary policy, through heavy borrowing from home and abroad, to maintain a relatively fast economic growth, in addition to maintain lavish spending on its military, medical care and other social welfare projects. However, the structural imbalance between spending and revenues that existed before the pandemic has been intensifying, causing American federal debt levels rapidly piling up.

If the US national debt exceeds $50 trillion, while its GDP struggles at around $25 trillion, then the world's largest economy will be truly thrust into a big trouble. US GDP this year is estimated to be flat against last year's figure. It may recede in 2023 and 2024, as the Fed's higher rates chip in, while Trump's tariffs war plus Biden's semiconductors tussle with China will further dim the US' economic prospects.

And, there will be fiercer and also uglier partisan fighting in Washington on congressional appropriations in the coming months, because the federal government will be constrained by the lawmakers and American public to borrow more to fund defense, infrastructure, education, medical care, elderly's pensions and other initiatives. For many years, US presidents, both Republican and Democratic parties, have avoided making hard choices about the budget, failing to put it on a sustainable path.

With a ballooning national debt and a struggling economy, the US policymakers will get to find that the global reserve currency of the dollar is set to erode, as the country's growing budget deficits will naturally raise concerns about the ability of Washington to pay back the debt. If the US government continues to sell more Treasury bonds or even parachuting printed money to American households and enterprises, investors will take caution and avoid buying the bonds. In the past several years, more central banks have begun to reduce their holdings of US dollar-denominated assets.

Once their faith in buying the US Treasury bonds is undermined, or if the US government further bundles its policies to cause a fiscal default one day, more foreign countries will join the rush to de-dollarize by dumping the US assets.

Is the Biden administration able to stop the US national debt from swelling? The chances are very slim. In 2021 and 2022, the US debt has expanded by more than $3.2 trillion under Biden's watch. The debt count is expected to surge to $35 trillion when Biden completes his current term in January 2025. So, the country's fiscal sustainability will draw more close scrutiny by investors both domestically and around the world.

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In 2023, China will speak with facts.

Hu Says: China opened its border on Sun, and the dynamic zero-COVID policy which protected the Chinese people for three years has passed into history. China will return to the world as an engine of global economic growth with new economic and political influence.

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