You Are Browsing ‘Asia360 News (Singapore)’ Category

Bridge Over Troubled Waters (News Report)

The fate of Bangladesh’s biggest infrastructure project hangs in the balance DHAKA — Asian funding agencies, The Asian Development Bank (ADB) and Japan International Cooperation Agency (JICA) provided much needed, albeit temporary relief to the government on July 31 choosing not to cancel their loan for the US$2.9 billion Padma bridge project, for another month. The Padma bridge project has been in peril...

Embracing the Last Resort (News Report)

India’s anti-graft crusaders hint at taking the fight against government into the political arena NEW DELHI — Marking a departure from its traditional stand of staying “completely apolitical”, India’s ongoing anti-corruption movement on July 31 appeared to lean towards formation of a political alternative. Addressing a crowd of thousands at Jantar Mantar Square in New Delhi, Prashant Bhushan, eminent...

Forgetting Nehru

Forty eight years after India’s first prime minister passed on, Jawaharlal Nehru is remembered when expedient and forgotten when convenient. Nehru’s chequered legacy is used selectively by no less than his own party, the ruling Indian National Congress (INC).  Putting an abrupt end to his socialist programs with economic liberalisation policies in 1991, the Congress party nonetheless chose to kick-start...

At the Stroke of Capitalism

1991 goes down in history as the year that marked the ideological defeat of socialism in India at the hands of economic realism. After more than four decades of socialism, India was days away from bankruptcy and forced to turn to the International Monetary Fund (IMF) for a bailout. The condition? That India abandon its socialist economic structure and pursue capitalist reforms. There was little choice. India’s...

To Each His Own Parenting

There is no one perfect way to raise model children I must admit I am terribly scared of leaving my one-year-old daughter alone with my wife. And I blame Yale Law School professor Amy Chua for my paranoia. My little one was born barely three months after Chua horrified the Western world with her parenting memoir, “Battle Hymn of the Tiger Mother”, which unapologetically presumed the superior efficacy of...

Marching On With the Times

For the young activist in Malaysia, idealism has acquired a sheen of pragmatism For much of the month of April, student groups in Malaysia marched in the streets of Kuala Lumpur, demanding the abolition of the National Higher Education Fund (PTPTN), a student loan scheme that the protesters criticised as an exploitative, anti-poor commercial scheme. Instead of loans with high interest rates, they wanted free...

Weapon of Peace

India allays fears over its latest ballistic missile launch A week after successfully testing its maiden Long Range Ballistic Missile (LRBM) Agni-V, India sought to downplay the regional security implications of the launch by dubbing the missile as a “weapon of peace”. “We were asked to develop a national deterrent as part of a government policy and we did it. That’s it. These are weapons of peace. If...