The Hiyaa social housing flats remains one of the most iconic housing projects in the Maldives. With over 7,000 housing units, the Hiyaa social housing flats was set to alleviate the situation surrounding the housing crisis in the capital city of the Maldives and provide a temporary solution for the residents of Malé city.
Since its construction began during President Abdulla Yameen’s administration, then opposition Maldives Democratic Party (MDP) pushed several false narratives surrounding the Hiyaa flats. The initial narrative was that the flats would only be given to members of then ruling Progressive Party of Maldives (PPM).
However, this was debunked as according to the official flat list, of the 7,000 people who got a flat, 3,591 were from then opposition Maldives Democratic Party (MDP), 517 people were members of other smaller parties and 933 were not registered under any political party. It was also revealed that only 1,959 people registered under the Progressive Party of Maldives (PPM) were on the Hiyaa flat list.
Then came November 2018 and president Abdulla Yameen peacefully handed over the powers of the state to incumbent President Ibrahim Mohamed Solih. The change in administration and subsequent evaluation by the senior members of the current administration ended with the Hiyaa flats being labelled as “pigeon coops”.
While this was intended to associate a negative stereotype to the Hiyaa flats, it struck a different chord with the public. As senior members of the ruling party engaged in negative stereotyping the Chinese built Hiya flats as low quality, the term “Pigeon coops” became synonymous with the public’s struggle to gain a roof over their head. Ordinary people who had been systematically at a disadvantage and suffering for decades joined the struggle under the banner of “Pigeon coop”.
Two and a half years later, the current administration finally opened up for the public to visit and assess the Hiyaa Housing Flats. It was evident by the lack of tiling and doors that the current administration had done little to no work since the change in administration back in November 2018.
This erupted many questions on why the current administration refused to hand over the Hiyaa flats.
While the anti-campaigns continue to target and scrutinize the Hiyaa Housing flats, the ordinary people who received units from the Hiyaa Social housing flats are overjoyed.
However, if we look beneath the racism, classism and politicizing of a key social issue, we see that it all leads back to business. Rumors and allegations of real estate tycoons and businesses fueling anti-social housing hysteria and paying for certain local media to publish such contents has been floating for some time now.
This is only further exacerbated by the fact that incumbent President Ibrahim Mohamed Solih’s family business, Pan Real Estate is the first and one of the biggest real estate companies in the Maldives and it will face major obstacles and losses to their operations if the Hiyaa flats are handed over to the public.
If we compare the current rates by Maldives’ first and biggest real estate company Pan Real Estate, it is evident that they are set to lose a lot once the rent prices in the capital city drops after the public moves into the Hiya flats. The Hiyaa flat units which has a median floor area of 580.85sqft were originally meant to have a rent of MVR 6,500.00 while companies like Pan Real Estate are currently renting similar two-bedroom 592sqft apartment for MVR 14,000.00.
According to the last national census, 26,739 households were recorded in the Maldives. It is a well-known fact that the overwhelming majority of these households are constructed through financing from local financial institutions which carry a heavy interest rate. This leads to an ever-growing rent hike in the Maldives.
This itself leads to a myriad of other social issues as the majority of the residents of the capital Malé city live paycheck to paycheck renting apartments.
A sudden loss of rent from 7,000 tenants from amongst those 26,739 household would account for a 26.17% loss on income for the real estate sector. This would cause a considerable hardship on those who have built their homes through financing from financial institutions with the aim of paying back the home construction loans through rent money.
While this would put the real estate sector in a difficult position, it would also simultaneously alleviate the living conditions of 7,000 families.
Ultimately, the baseless accusations against senior members of the previous administration and the racist stereotyping by members of then opposition MDP are nothing more than the manifestation of the anxiety from those who are set to lose a quarter of their income from the suffering of the people.
Guest Opinion: U.S. should lift people’s living standards, not inflation
As the world’s largest economy, the United States must shoulder its responsibilities for world economic recovery, rather than push up inflation in developing countries.
by Xin Ping
BEIJING, June 7 (Xinhua) — The United States has tasted the bitter fruit of hyperinflation, which has stayed above 6 percent since the beginning of this year.
While attributable to the sharp rise in global energy, food and commodity prices caused by the Ukraine crisis, the hyperinflation is essentially a result of the unreasonable and irresponsible policies of the United States itself, such as massive bouts of quantitative easing, trade war against China, global supply chain disruptions, as well as escalating the Ukraine crisis and providing huge fiscal subsidies for the pandemic response at home.
When inflation became too high to bear, the United States chose not to address its root cause, but to switch to aggressive quantitative tightening. The Federal Reserve has raised interest rates twice this year, including a record hike of half a percentage point, the first of that size since 2000. The Federal Reserve also announced that it would start to unwind the balance sheet in June. All these measures have failed to curb inflation significantly, and the U.S. price surge remains in a historically high range.
Inflation does not stop at the water’s edge. As indicated by recent statistics, hyperinflation in the United States is spilling over fast, and Southeast Asia has taken the brunt, where inflation rates of many countries have climbed to new highs.
The rate in Laos reached 9.9 percent in April, when Indonesia witnessed a five-year high. Singapore saw its inflation at a 10-year high of 5.4 percent in March, coinciding with a 14-year CPI record, a roughly 5.7-percent rise from the previous year, in Thailand.
After a 4.9-percent year-on-year CPI hike in April, the Philippines suffered the worst inflation since December 2018. Judging by the current numbers, the situation in other Southeast Asian countries may seem relatively better. But experts have warned that Malaysia, Cambodia and Vietnam will see inflation hit new records in the near future. The big family of Southeast Asia is sharing the woes. According to FocusEconomics, an information service company, the regional inflation rate rose from 3 percent in February to 3.5 percent in March.
Southeast Asian countries are mostly developing countries where food consumption accounts for a relatively large portion of overall national expenditure. Therefore, in addition to increasing people’s living costs, high inflation may also lead to a higher risk of social unrest, as pointed out by Mohamed Faiz Nagutha, an ASEAN economist at Bank of America Securities.
The high inflation rates in Southeast Asian countries have naturally evoked unpleasant memories.
The Asian financial crisis in 1997 following the interest rate upsurge and dollar appreciation in the United States took its toll on the economic growth of Southeast Asian countries. Foreign exchange and stock markets plummeted like dominoes. Indonesia and Thailand suffered the most severe losses, with their GDP shrinking by 83.4 percent and 40 percent respectively within two years.
In the 2008 global financial crisis ignited by the U.S. subprime mortgage crisis, the financial systems of Southeast Asian countries were hit hard again. The Singapore Strait index fell by more than 45 percent. The Indonesian stock market had to be frozen indefinitely after a continuous sharp decline. More than 8 million overseas workers from the Philippines faced the threat of job loss and income reduction. And about 1 million workers in Thailand lived on the edge of unemployment.
Now the Federal Reserve’s aggressive interest rate hikes will again exert pressure on developing economies in multiple aspects. First of all, the rate hikes will further raise financing costs and trigger capital flight, both impacting the economic fundamentals of developing countries and complicating their post-COVID economic recovery. Secondly, the higher cost of the U.S. dollar may add a greater burden to debt-ridden countries, as underdeveloped nations tend to have a higher foreign debt ratio. Thirdly, in the foreign exchange market, the rising dollar index may create depreciation pressure on other currencies, thus triggering further inflation in other countries.
U.S. hyperinflation is seriously affecting the faltering world economy. Developing countries need to brace themselves for its long-term impact. Many of them, including Southeast Asian countries, have already felt the pinch of the surge in commodity prices, compounded first by the pandemic, and then by the U.S. interest rate hike and balance sheet reduction.
As the world’s largest economy, the United States must shoulder its responsibilities for world economic recovery, rather than push up inflation in developing countries.
Journalism: Drifting Dangerously
A picture speaks a thousand words. The image of rescuers retrieving Palestinian journalist Shireen Abu Akleh’s motionless body – perhaps lifeless too at that point of time – from the homicide site in occupied West Bank’s Jenin does point to an alarming truth. Journalism has become the most dangerous profession in the world today, with practitioners – labelled as “soft targets” – being widely considered as fair game. From gunmen, both State authorized and proscribed, to propagators of jingoistic politics, everybody seems to have developed a penchant for targeting journalists.
Who can forget Czech President Milos Zeman brandishing a replica of an AK-47, with “for journalists” inscribed in it, in a press conference? Early last year political protestors scratched “murder the media” on the door of the US Capitol – the seat of American democracy, and six months later, in July, members of Afghanistan’s Taliban militia brutally executed on-duty Pulitzer award-winning Indian photojournalist Danish Siddiqui, holed up in a Mosque to evade heavy gunfight during an assignment. Like Shireen, Danish too was in his press vest. Ironically, this was supposed to be the century of the media, and yet we ended up having a dangerous ecosystem where news gatherers are frequently turning into news themselves.
The UN reported fifty-five journalists and media professionals casualty last year, with nearly nine in ten killings since 2006 still remaining unresolved. “Far too many journalists paid the ultimate price to bring truth to light” lamented UNESCO Director-General Audrey Azoulay. She underscored the dire need of independent, factual information in a conflict-ridden world more than ever before.
Despite the UNESCO chief’s concern over systematic targeting of journalists, for the UN and western world in general, Shireen is just another number in the list of victims who perished while contributing to freedom of expression, promotion of democracy and ushering of peace in these turbulent times. Her sacrifice will be remembered, the calculated risk she took to disseminate truth will be applauded, but her death will remain a collateral casualty – mortality from occupational hazards to be precise. Israel’s aversion to a criminal investigation into Shireen’s death lay bare the duplicity of the West, paying lip service to the call for closure. As Danish’s family learnt the hard way, while fighting a legal battle in the International Criminal Court, justice for these crusaders will not come easy. After all, we live in a world where destructive rhetoric has taken a toll on people’s ability to emotionally relate to the pains of fellow humans.
I do not know if Shireen and Danish knew each other, but both flew on the wings of honest truth-telling to try and shape the narrative and discourage society from travelling along a dead-end path to nowhere. Their zeal for capturing the underlying messages of life was unparalleled, and they excelled in it too. Shireen covered the harsh realities of occupied life with meticulous dedication. She never deviated from revealing the human cost of occupation. Countless statistics, faceless people, heart wrenching stories of separation found place in Shireen’s reporting. Helpless parents struggling to ensure children’s treatment for want of special permit, individuals prevented from attending relatives’ funeral, mothers giving birth at check point, students missing examination and scholarship, patients losing the fight for life due to travel restrictions – innumerable stories of tragedy and personal losses from the embattled Palestinian territory continues to evoke strong emotion. Shireen documented such anguish without losing objectivity – never allowing her Palestinian identity to overshadow the journalistic instinct and etiquettes, which made her a public icon. A beacon to the rookie scribes back home, her narrative remained inextricably linked to that stuffy experience of growing up in a territory which is prison-like in ambience. Shireen’s brush with death during earlier assignments remains a testimony to the dangerous working conditions of Palestinian journalists and their grit as well.
The intense urge to be the voice of the voiceless, who are deliberately silenced and remain unheard, made journalists like Shireen take risk time and again while reporting on the Gaza wars, Intifada, enforced eviction from homes, indiscriminate killings of Palestinian youths, detention without charge and continuous expansion of Jewish settlements in Palestinian territory. In her death, Shireen eventually succeeded in bringing back the focus of the world to the necessity of a quicker political settlement to the Palestine issue so that no more talents are sacrificed in such a gruesome manner.
Danish, too, used his lens to create instant visual imprints on the human brain, concerning events happening around us that shake societal conscience, and in the process ruffled too many feathers. His pandemic photographs, the controversial Citizenship Act protest images from the heart of the Indian capital or that famous snap of frenzied mob beating a Muslim man ruthlessly during the 2020 Delhi riots, which shed light on the entrenched Islamophobia in society, enraged the Hindu right wing forces in India. Danish was on the hit list of majoritarian fanatics, but escaped fatality, only to fall into Taliban’s hands eventually.
Danish, like Shireen, might have been a victim of targeted killing, but both were consumed by hate, which blurs our vision and detaches us from sanity and rational thinking. Taliban guerrillas not only pumped bullets into Danish’s chest indiscriminately but also ran him over to mutilate the body further. Incidentally, methodical demonization of journalism through name calling has heightened risk factors and led to plummeting of trust in recent times. As journalists are frequently hunted down and murdered in cold blood for disseminating awkward facts, one wonders, what is the remedy to this ailment? To bring a perceptible change in the situation and reverse this dangerous trend, there is a need for greater awareness and stronger public defence of journalism’s true value for society. That can only happen when journalists do not shy away from telling their own stories of harassment to the world aggressively. Besides, judicial activism can help prosecute attacks against journalists.
We lose dozens of Shireen and Danish regularly. Is there an effective answer to such criminal assault on an essential pillar of democracy? Can the formation of an UN mandated high-powered investigation committee, to resolve those hundreds of cold cases of journalists killed for doing their job honestly, act as a deterrent? Three more reporters were killed around the world along with Shireen in the second week of May. It is an authoritarian world that we live in where even practicing democracies rely on subtle constitutional censorship to muzzle the press. Only legal retribution can send a stern message that the work and life of a journalist is priceless. The big question is, who will bell the cat to protect independent journalism and bring closure to the families of the dead?
‘Indo-Pacific Economic Framework’ not a blessing to Asia
Aurthor: Xin Ping
The U.S. has been trumpeting that its “Indo-Pacific Economic Framework” (IPEF) will bring prosperity to the region. But its sole purpose is to advance the “Indo-Pacific Strategy” and key interests of the U.S. instead of driving post-pandemic recovery, development and prosperity of the region. Asian countries need to brace themselves for the negative impact brought on by the framework which could be summed up as “four Ds.”
IPEF is created to encourage regional economies to “decouple” from the Chinese market by leading them to alternative supply chains, a step that Washington believes will help exclude China from the regional trading and supply systems.
This would essentially install a closed, exclusive and confrontational arrangement within this region designed with clear geopolitical and ideological intentions, which runs counter to the principles of multilateralism.The U.S. Trade Representative Katherine Tai has openly described the IPEF as an “arrangement independent of China.”
Given China’s economic size and influence in the region and the possible consequences of artificially splitting the trading system and cutting off supply chains, such an arrangement would not be conducive to the unity and regional economic integration of the Asia-Pacific.
There are speculations that as far as ASEAN countries are concerned, the U.S. is trying to recruit Indonesia, Malaysia, Singapore and Vietnam to join IPEF, while leaving out Cambodia, Laos, Myanmar and Brunei, which will undoubtedly affect the development of the ASEAN Community and undermine the unity of ASEAN.
The U.S. claims to support the centrality of ASEAN, yet IPEF apparently takes little heed of ASEAN’s preferred way of inclusive regional cooperation. A framework like this would only weaken and damage ASEAN’s centrality in the regional architecture.
IPEF’s proclaimed high standards in the fields of digital economy, labor, market supervision, environmental protection and anti-corruption are way higher than the standards set by domestic laws in some ASEAN countries and even by international conventions.
The Lane Xang EMU train arrives at the northern Laos’ border town of Boten, after passing by the China-Laos borderline, October 15, 2021. /Xinhua
In a sense, the U.S. could be forcing these countries to adopt certain domestic economic policies to serve U.S. interests. The exclusive and even punitive provisions contained in IPEF may contradict the commitments made in regional free trade agreements such as the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Putting forward IPEF is one of the 10 core tasks of the U.S. “Indo-Pacific Strategy.” The U.S. potentially aims to use IPEF to supplement its “Indo-Pacific Strategy” and establish a unilaterally dominant economic cooperation arrangement, rather than a true free trade agreement with mutual open market access and tariff exemption as desired by the regional countries.
It is, therefore, a deviation from the principles of openness, inclusiveness, equality and reciprocity that multilateral mechanisms and arrangements in the region have long followed.
The U.S. might hope to use IPEF to get regional allies and ASEAN countries on board to encircle China, but this is unlikely to materialize.
China and ASEAN are each other’s largest trading partners. Japan’s exports to China are roughly the same as those to the U.S., and imports twice as much from China as from the U.S. South Korea’s trade with the U.S. is only half of its trade with China. With RCEP having entered into effect early this year, the cooperation potential among regional countries will only be further unleashed.
The U.S. has repeatedly reneged on its words about Asia-Pacific economic and trade cooperation: the Obama administration had pushed forward the concept of the Trans-Pacific Partnership (TPP) before the Trump administration exited from it after taking office. Now the Biden administration has come up with IPEF. Inconsistency in Washington’s policy-making will only make regional countries question U.S. credibility and policy continuity.
As Mary Lafley, a senior researcher at the Peterson Institute for International Economics, pointed out, “Asian allies, still reeling from the unpredictable and destabilizing policies of the Trump administration, may be reluctant to invest much in new structures that can be as easily blown away as houses of straw.”
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