Thai royal wealth draws spotlight as transition nears

2016 ◽  
Keyword(s):  
Prime Minister ◽  
Central Point ◽  
Land Market ◽  
The Political ◽  
Content Type ◽  
Royal Patronage ◽  
Personal Wealth ◽  
Economic Influence ◽  
Financial Portfolio

Subject Outlook for the Crown Property Bureau. Significance The Crown Property Bureau (CPB), which manages the financial portfolio of the monarchy as well as the king's personal wealth, holds estimated assets equivalent to 10-15% of Thai GDP. As the health of King Bhumipol Adulyadej continues to deteriorate and the nation prepares for a royal transition, the CPB could become a central point of controversy, particularly in the political camp of former Prime Minister Thaksin Shinawatra and his populist 'red shirt' followers. Impacts The land market will remain particularly skewed as long as the CPB exists. The CPB will attract greater scrutiny as debates about inequality gain more political traction. Moreover, further economic liberalisation will gradually reduce the economic influence of royal patronage.

Sirisena win spells change and challenge for Sri Lanka

2015 ◽  
Keyword(s):  
Prime Minister ◽  
Policy Reform ◽  
The Political ◽  
Potential Game ◽  
Content Type ◽  
Turn On ◽  
Growth Prospects ◽  
Election Results ◽  
Game Changer

Significance Sirisena's victory is a potential game-changer: instead of entrenching the autocratic tendencies of his predecessor Mahinda Rajapaksa's administration, the election results hold out the promise of democratic consolidation under a new government with a robust mandate for constitutional and policy reform. However, the diversity of the coalition backing Sirisena and the sharing of power with newly appointed Prime Minister Ranil Wickremasinghe augur a period of volatility. Impacts If Tamil parties emerge as 'kingmakers' in April, governance of war-torn Northern and Western provinces is likely to be overhauled. Delhi, Washington and Brussels will welcome the political transition. Long-term growth prospects will turn on the precise rebalancing of budgetary allocations.

Thai charter vote foreshadows post-transition politics

2016 ◽  
Keyword(s):  
Democratic Party ◽  
Political System ◽  
Prime Minister ◽  
Status Quo ◽  
The Political ◽  
Content Type ◽  
Parliamentary Elections ◽  
Authoritarian State ◽  
The Status ◽  
The Military

Subject Outlook for the post-transition political system. Significance The August 7 constitutional referendum will be conducted under tightened controls on political organisation, making a 'yes' vote more likely. Although the Democratic Party criticises the draft for its attempt to return Thailand to a semi-authoritarian state, efforts by deposed former Prime Minister Thaksin Shinawatra's 'red-shirt' supporters to organise protests offer the only real opposition to the junta's plan. This struggle foreshadows the political system that is likely to emerge after the next parliamentary elections. Impacts Regulatory risk to investors post-transition would be limited: the military, the Democrats and the PTP are pro-business. China will not alter the status quo in its Thai relations, but will need to invest in building ties with the next monarch. Washington will tolerate most eventualities, except a violent crackdown against the military's opponents.

Insecurity and drought undermine Madagascar president

2016 ◽  
Keyword(s):  
Interest Rate ◽  
Prime Minister ◽  
Commodity Prices ◽  
Southern African Development Community ◽  
Political Elite ◽  
The Political ◽  
Gdp Growth ◽  
Content Type ◽  
African Development ◽  
The Government

Significance Rifts within the political elite are deepening, evidenced by the departure of former Prime Minister Jean Ravelonarivo -- and his cabinet -- last month. However, the installation of a new administration does not portend stability. Impacts The central bank's decision to cut its benchmark interest rate to 8.3% from 8.7% will facilitate borrowing by firms and households. This is unlikely to boost GDP growth given the countervailing effects of political volatility and low commodity prices. The UN secretary general's appeal (on an official trip earlier this month) for the government to tackle graft is unlikely to be heeded. If Madagascar experiences another coup, the Southern African Development Community bloc will likely expel it -- again.

Opposition boycott tactics are destabilising Albania

2017 ◽  
Keyword(s):  
Political Institutions ◽  
Democratic Party ◽  
Prime Minister ◽  
Socialist Party ◽  
Political Crisis ◽  
The Political ◽  
Content Type ◽  
Eu Integration

Significance The governing Socialist Party (PSSh) under Prime Minister Edi Rama is expected to win again. This implies policy continuity by what has hitherto been a successful reformist government. However, the decision by the opposition Democratic Party (PDSh) to boycott the elections creates significant uncertainty about the process and aftermath. Impacts PDSh’s boycott of parliament is blocking the completion of judicial reforms that require approval by a two-thirds majority of deputies. A PDSh boycott of elections would constitute a failure of political institutions and halt Albania’s progress towards EU integration. Disenfranchising a large constituency would escalate the political crisis and could lead PDSh supporters to resort to violence.

Prospects for India to end-2016

2016 ◽  
Keyword(s):  
Prime Minister ◽  
The Political ◽  
Content Type ◽  
Economic Diplomacy ◽  
Bharatiya Janata Party ◽  
Regional Elections

Subject Prospects for India to end-2016. Significance Policymakers are counting on improved agrarian performance, cheaper credit and economic diplomacy to drive growth in coming months. On the political front, after a modest triumph in the last round of regional elections, Prime Minister Narendra Modi and his Bharatiya Janata Party (BJP) are emboldened but still politically encumbered.

Peacekeeper withdrawal advances Abe's defence agenda

2017 ◽  
Keyword(s):  
Prime Minister ◽  
The Political ◽  
Security Cooperation ◽  
Content Type ◽  
Peacekeeping Operations ◽  
Un Peacekeeping ◽  
Political Impact ◽  
The Government ◽  
Cover Up ◽  
Self Defence

Subject Japan's participation in UN peacekeeping operations. Significance Prime Minister Shinzo Abe’s administration will withdraw Japan's Ground Self Defence Force (GSDF) mission from the UN peacekeeping operation (UNPKO) in South Sudan in May. The decision follows accusations that the government covered up evidence of the dangers the troops were facing, and raises potential questions about Japan’s commitment to its policy of a ‘proactive contribution to peace’. Impacts The announcement of withdrawal will reduce the political impact if there are casualties. Defence Minister Tomomi Inada will probably survive accusations of a cover-up, with ministry officials taking the blame. Japan will contribute personnel to UNPKOs again in future, to gain experience and earn goodwill internationally. There will be minimal implications for Japan's other security cooperation efforts, which focus on deterring China and North Korea.

Malaysia's Najib faces continuing challenge from 1MDB

2015 ◽  
Keyword(s):  
Civil Society ◽  
Prime Minister ◽  
The Political ◽  
Investment Fund ◽  
Content Type ◽  
The Government ◽  
National Investment ◽  
National Organisation

Subject Malaysia's political outlook following the Bersih 4 protests. Significance Former Prime Minister Mahathir Mohamad is to be officially questioned about his presence at the 'Bersih 4' mass protests organised by the Coalition for Clean and Fair Elections (Bersih) on August 29 and 30, local press reports said today. By allowing the rallies to proceed peacefully, Prime Minister Najib Razak had sought to extend the political respite brought by his July 28 cabinet reshuffle. His position nationally and within the governing United Malays National Organisation (UMNO) is under threat amid political difficulties relating to the 1Malaysia Development Berhad (1MDB) national investment fund. Impacts The Malaysian parliamentary opposition's weakness means civil society will provide most opposition to the government for now. The Bersih movement's mostly urban support limits its challenge to the government, which enjoys strong rural support. Public doubts about the effectiveness of Malaysian anti-corruption frameworks will stunt their development.

Pakistan’s Sharif may call snap polls to save future

2017 ◽  
Keyword(s):  
Law Enforcement ◽  
Prime Minister ◽  
Political Elite ◽  
Military Coup ◽  
The Political ◽  
Content Type ◽  
The United Kingdom ◽  
Joint Investigation ◽  
Political Impact ◽  
The Government

Subject The political impact of the 'Panamagate' scandal. Significance A five-member Supreme Court bench on April 20 ordered the constitution of a Joint Investigation Team (JIT) to probe the legitimacy of the offshore assets (mostly in the United Kingdom and Qatar) of Prime Minister Nawaz Sharif and his family. In coming months, the Court bench will monitor and oversee the investigation in which both civilian law enforcement and military intelligence will participate. Impacts The government will avoid challenging the military’s foreign policy this year. The scandal will increase pressure on the political elite to ensure public probity. A military coup is highly improbable at present.

Algerian army will try to guard fiefdom in transition

2019 ◽  
Keyword(s):  
Prime Minister ◽  
Political Process ◽  
Energy Sector ◽  
Military Leadership ◽  
The Political ◽  
Foreign Investors ◽  
Content Type ◽  
Constitutional Order ◽  
Formal Power ◽  
The Military

Significance The military leadership has seized control of the political process, but has shown little interest in assuming formal power, often demonstrating sympathies with protesters while preserving the constitutional order. Impacts The prime minister and interim president may be pushed to quit as a concession. Elections planned for July 4 may be postponed if unrest grows. The economy may suffer as tourism will decline and foreign investors will hesitate to become involved in an uncertain energy sector.

Disparate new Montenegrin government looks fragile

2020 ◽  
Keyword(s):  
Democratic Party ◽  
Prime Minister ◽  
The Political ◽  
Content Type ◽  
Political Landscape

Significance Decades of one-party rule by the Democratic Party of Socialists (DPS) ended at the August 30 elections, which delivered a stinging rebuke to veteran strongman Milo Djukanovic. For 30 years he has dominated the political landscape, alternating between the roles of prime minister and president, occasionally exercising power from behind the scenes. Impacts Brussels in particular will seek reassurance that the new government will adhere to Djukanovic’s generally pro-Western line. The election shows that, contrary to external assessments, democracy is alive in Montenegro and even a long-standing autocrat can be ousted. Despite its leaders’ protestations, the coalition’s composition suggests a closer relationship with Serbia and Russia. The change from the familiar Djukanovic regime with its favoured client links can be expected to weaken FDI, already reduced by COVID-19. Attacks on Bosniaks in Montenegro may lead to demonstrations by co-religionists in Bosnia, destabilising an inherently unstable country.

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