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Indonesia’s investment chief expressed optimism about the future of China’s massive One Belt One Road (OBOR) infrastructure initiative in his country, despite lingering domestic criticism about Beijing’s growing economic influence.
President Joko “Jokowi” Widodo has made improving Indonesia’s dilapidated infrastructure a priority, and during his first term embraced Chinese investment and attended the initiative’s 2017 unveiling in Beijing. Multibillion-dollar projects under the OBOR banner in Indonesia feature the construction of a high-speed rail link and dams.
Thomas Lembong, chairman of the National Investment Coordinating Board, said this week he believed that “the Chinese leadership will do whatever it takes to make Belt and Road a success.”
“Well, I’m very happy, because it’s going in the right direction, as far as I’m concerned,” he told foreign correspondents in Jakarta on Wednesday.
Lembong also praised Chinese President Xi Jinping for what he described as “a stunningly humble posture” in responding to criticism about OBOR.
Soon after Indonesia’s presidential and legislative elections in April, Lembong accompanied Vice President Jusuf Kalla to the second international OBOR forum in Beijing. Kalla witnessed the signing there of 23 agreements between Indonesia and China, which Jakarta has described as business-to-business deals.
The president who just won reelection – according to unofficial “quick-count” projections by independent pollsters – highlighted his infrastructure push during a major post-electoral speech on Thursday. In it, he announced plans to unveil tougher reforms aimed at boosting the economy, as well as lifting Indonesia to developed nation status by 2045.
“First and foremost is infrastructure. Equal development must be achieved. Without it, don’t ever dream of Indonesia progressing to be a country with the world’s fourth or fifth economy,” Jokowi told the National Development Planning Conference in Jakarta, according to Indonesian news outlet Tempo.
Because he was heading into his second and last term in office due to term limits, he said he was no longer burdened by elections.
“So I will do whatever it takes for the country’s sake,” Bloomberg quoted him as saying.
Opposition politicians and conservative Muslim groups have accused Jokowi of being too soft on China by opening doors to Chinese investment in Southeast Asia’s largest economy and, with it, Chinese workers.
A modern-day Silk Road
OBOR, Chinese leader Xi’s signature policy, is an estimated U.S. $1 trillion-plus initiative that stretches across 70 countries. It aims to become a 21st century Silk Road by weaving a network of railways, ports and bridges, linking China with Africa, Europe and Southeast Asia.
Beijing’s globe-spanning project has drawn criticism domestically and abroad, amid accusations that China is engaging in a “debt-trap diplomacy” by extending excessive credit with the alleged intention of extracting economic or political concessions from the debtor country.
Economists contend that the initiative forces emerging economies to take on unsustainable levels of debt to fund Beijing-backed projects. They highlight concerns by pointing out that a Chinese state-owned company took over a majority stake in Sri Lanka’s Hambantota port after Colombo struggled to repay its loans from China.
In Indonesia, the perceived influx of Chinese workers has spawned criticism and was a key issue during campaigning for the April 17 presidential election. The opposition camp tapped into historic sentiment against the country’s ethnic Chinese minority and whipped up fears about eroding sovereignty.
“It can’t be denied that the Chinese have built a lot of bridges, dams, factories and other infrastructure in recent years,” said Achmad Sukarsono, an analyst at Control Risks, a Singapore-based consultancy.
“These things may not be of high quality, but the Chinese get the jobs done, in places where Japanese and Western investors won’t take a second look,” he told BenarNews, , an RFA-affiliated online news service.
“The Jokowi government favors the arrangements with the Chinese because they aren’t too legalistic, with less attention paid to things like human rights, as long as they deliver and both sides’ interests align,” he said.
There were occasional tensions in projects where Chinese nationals are employed as menial workers, foremen and managers, Achmad said.
Economist: Benefit to local economy ‘minimal’
Indonesia’s infrastructure needs cannot be financed by the state budget alone and OBOR is an attractive financing mechanism, said Bhima Yudhistira, an economist at the Institute for Development of Economics and Finance.
“But Chinese investment often comes with workers, raw materials, machinery and technology, with the pretext that they aren’t readily available here. So the benefit to the local economy is often minimal,” Bhima told BenarNews.
Despite its embrace of OBOR, the government has insisted that any infrastructure project under the scheme should be profitable and conducted on a business-to-business basis.
Lembong, the Indonesian investment chief, acknowledged that the Jokowi government had “burned untold amounts of political capital” with its decision to welcome Chinese investment.
“Supporting Chinese investment in Indonesia exposes us to this hoax and attacks that we’re somehow an offshoot of the Communist Party, or secretly Chinese, or openly Chinese, and or secretly pro-China or what have you,” he told reporters.
But Indonesia would miss out tremendously if it abstained from Chinese investment, Lembong said.
“What happens then is that Chinese investment will just go next door, to Malaysia, to Thailand, to Cambodia and eventually Myanmar, maybe even the Philippines at some point, and all of them will see enhanced competitiveness, and we will not,” he said.
Sino-Indonesian trade grew almost tenfold from 2003 to 2010 alone, when the volume reached 524 trillion rupiah (U.S. $36.1 billion), according to the International Institute for Sustainable Development, a Canada-based independent think-tank.
China was Indonesia’s third largest investor after Singapore and Japan in 2018, with investment worth $2.4 billion.
“The government has said all along that we won’t meddle except for facilitating and issuing necessary regulations,” said Wijayanto Samirin, an economic adviser to Kalla, the vice president.
“We have learned from the experience of other countries and conveyed to President Xi Jinping that China must respect our independence,” he told CNBC Indonesia last April.
OBOR’s flagship project in Indonesia, a U.S. $6-billion high-speed railway linking the city of Bandung in West Java and the capital Jakarta, went through initial setbacks after it was launched by Jokowi in 2016 to much fanfare.
Construction resumed last year after a delay for more than two years.
Lembong blamed the delay on “good old-fashioned mismanagement and incompetence” and said the problems were being fixed and the consortium building the railway was now being led by “a younger and more energetic” chief executive.
“The project has been in difficulty,” he said, “but I’m confident it’s now being fixed.”
A China-backed hydropower project in Indonesia already is under the spotlight amid concerns that it could threaten the world’s rarest orangutan species.
The U.S. $1.6 billion hydropower plant in the Batang Toru rainforest on Sumatra Island will divide the habitat of about 800 Tapanuli orangutan and increase the risk of their extinction, environmental groups and scientists have said.
Other OBOR projects include a hydroelectric project in North Kalimantan – in the Indonesian section of Borneo – estimated to cost 363 trillion rupiah (U.S. $25 billion) and a series of coal-fired power plants estimated to cost 174 trillion rupiah (U.S. $12 billion).
Achmad, of Control Risks, said problems in securing land also contributed to the delay in the high-speed train project.
But he said smaller Chinese-backed projects in remote places in the archipelago were mostly completed on time.
Jokowi is expected to continue courting Chinese investments in his second term, Achmad said. An official preliminary count after the April 17 election showed Jokowi poised for a second term with a 10-percentage-point lead.
“The Chinese are here to stay and their role is unlikely to be reduced,” he said, “because they have contributed so much to Jokowi’s programs.” (RFA)
Amitabh Bachchan is adored by the public for his unforgettable on-screen performances as well as his magnetic demeanour. Not only do fans love Amitabh Bachchan's outstanding performance, but the actor's heartwarming words are also highly regarded. A much moved Amitabh Bachchan, during his speech to the crowd of over 80,000 people at the Reliance Industries' annual event, said that the legacy left by Dhirubhai has had a positive impact on millions of people's lives worldwide.
When Bollywood superstar Amitabh Bachchan became bankrupt in the late 1990s, Dhirubhai Ambani stepped forward to give him financial assistance. In his speech, Bachchan remembered that Dhirubhai had sent Anil Ambani to offer him financial assistance during the crisis, which he had respectfully declined. Lenders began knocking on his door, losses mounted, and his bank account dwindled to nothing. He said, "Dhirubhai's money might have gotten me out of the problem quickly. However, I respectfully declined his offer and gradually began to find work again, which let me pay off my debt."
Amitabh Bachchan is adored by the public for his unforgettable on-screen performances as well as his magnetic demeanour. | Flickr
Later, after Bachchan had recovered from the bankruptcy, one day he was invited to an event at Dhirubhai's residence; Bachchan added, "Dhirubhai was standing and having a chat with his industrialist friends when he saw me there, he called me, firstly I felt shy even to present myself in front of such big industrialists but then, I went there, and Dhirubhai declared in front of all of them that 'This young man had fallen but managed to get back up on his own, I have a lot of respect for him because of that.' Those words of his were worth much more to me than any amount of money that he could have offered me."
It was the "Reliance Family Day" event and was attended by members of the Ambani family from all generations. The event commemorated the company's 40-year journey since its inception. It also celebrated the 85th birthday of the late Dhirubhai Ambani, RILs (Reliance Industries Limited) founder.
Keywords: Bollywood, Reliance, Amitabh Bachchan, Dhirubhai Ambani, event
In comparison to adults, children are prone to getting traumatized by troubling events easily, and this makes it important for parents to help their children when the times are tough. It could be a brutal accident, an unprecedented pandemic, a violent crime, or other disasters but with the right parental support, children have a higher chance of coming out stronger from an awful situation.
Anuja Kapur, Psychologist shares few tips wherein you can assist your child when tough times comes calling:
Every child responds differently to disturbing events: What children feel about a current disaster in their life and how they react to it can come and go in waves. Children can act moody and withdrawn at times, struck with sorrow and fear at other times. There's no absolute "right" or "wrong" way to feel after a traumatic event so make sure not to dictate what your child or how your child should feel and react to the event.
Children can act moody and withdrawn at times, struck with sorrow and fear at other times. | Photo by Kat J on Unsplash
Encourage your child to be transparent: Just make sure you let your child know that whatever feelings they're experiencing is normal. The unpleasantness will pass if your child opens up about it and that the phase is temporary. While many teens may be reluctant to talk about their feelings with a parent, encourage them to confide in another trusted adult such as a family friend, relative, or a counselor and teacher. It's important to talkeeven if it's not with you.
Just make sure you let your child know that whatever feelings they're experiencing is normal. | Photo by Sebastián León Prado on Unsplash
Deter your child from reliving the disturbing event: Dwelling over, watching the footage, or imagining the event can be overwhelmingly stressful for children and this stress can even block their nervous system. However, to negate such things from happening encourage activities that keep your child's mind occupied so they're not obsessive about the event. You could encourage your children to read, play games together, or simply watch an uplifting movie.
Dwelling over, watching the footage, or imagining the event can be overwhelmingly stressful for children and this stress can even block their nervous system. | Photo by Юлія Дубина on Unsplash
Cocoon your child with warmth: In order to reassure your child that they are safe with you and feel secure, that the worst is over your physical affection is important in making them feel safe again. Teens may try to be tough through it and avoid being held, but they still need the proximity.
In order to reassure your child that they are safe with you and feel secure, that the worst is over your physical affection is important in making them feel safe again. | Photo by adrianna geo on Unsplash
Maintain routines. Establishing a predictable structure and schedule for your child's life can help to make the world seem more stable again. Try to maintain regular times for meals, homework, and family activities. Make sure your child accommodates time and space for rest, play, and fun. Keeping up with a schedule can help countercheck the obnoxious feeling of stress and worry in children about the future being dark, hopeless, and unpredictable.
Try to maintain regular times for meals, homework, and family activities. | Photo by Paico Oficial on Unsplash
Acknowledge and validate your child's concerns. The disastrous events in life may give place to unrelated fright and concerns in your child. However, understanding and accepting your child's present state is a comfort for the child. If at any point the child blames himself for the event make sure to make it clear and crisp the event was not their fault, you love them, and it's okay for them to feel upset, angry, or scared but not guilty.
Understanding and accepting your child's present state is a comfort for the child Photo by Jeremiah Lawrence on Unsplash
Irrespective of the age of your child, it is vital for parents to offer that extra support and assistance following an unsettling event. The traumatic event may bring up unrelated fears and issues in your child. However, by accepting their thoughts and replacing their fear with your love and direction, the ominous feelings will start to fade away. Eventually, the child will be able to return to a normal and healthy life. (IANS/ MBI)
Keywords: Kids, Help, stress, cope, routine, warmth, understanding, encourage, psychology, children
The European Commission, the executive arm of the European Union (EU), has announced plans for smartphone and other electronics manufacturers to fit a common USB-C charging port on their devices in an effort to reduce waste. In addition to phones, the rules will apply to other devices like tablets, headphones, portable speakers, videogame consoles, and cameras, reports The Verge. The decision will have a huge impact on Apple, as the company still uses its own Lightning connector to charge iPhones. The proposals only cover devices using wired, not wireless and a USB-C port is only mandatory for devices that charge using a cable.
"Chargers power all our most essential electronic devices | Photo by Solen Feyissa on Unsplash
"Chargers power all our most essential electronic devices. With more and more devices, more and more chargers are sold that are not interchangeable or not necessary. We are putting an end to that," the report quoted EU commissioner Thierry Breton as saying.
The Commission also wants to unbundle the sale of chargers from the sale of electronic devices, which it says will improve the consumers' convenience. "With our proposal, European consumers will be able to use a single charger for all their portable electronics - an important step to increase convenience and reduce waste." In addition, the Commission will require manufacturers to provide relevant information about charging performance. (IANS/MBI)
Keywords: Electronic Devices, Chargers, Cable, smartphone, Adapters, Charging Cord