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Showing posts with label Security. Show all posts
Showing posts with label Security. Show all posts

Thursday, 11 September 2025

Defence diplomacy the best option for Malaysia

Photo: Xinhua via AP


 CHINA’S Victory Parade on Sept 3 (pic) was more than pageantry; it was a warning shot about the future of war. With cyber, space and information warfare now centre stage, Malaysia must turn to its greatest strength – defence diplomacy.

Our ability to build trust, balance powers and shape regional security will determine whether South-east Asia remains stable amid intensifying rivalry.


The parade held in Beijing was more than a spectacle of power. It was a statement, a declaration that the People’s Liberation Army (PLA) is no longer simply modernising; it is also redefining warfare itself.


For Malaysia and Asean, the lesson is unmistakable – the battlefield of tomorrow will extend far beyond land, sea and air. It will be fought in cyberspace, outer space and the invisible realm of information.


The response must not be passivity but strategy and, above all, defence diplomacy.


For the first time, China showcased three new branches. The Information Support Force, the Cyberspace Force, and the Aerospace Force. These are not symbolic formations.

They signal the elevation of data and algorithms, satellites and electronic warfare to the same status as tanks, ships and aircraft.


China’s message is clear; victory will belong to those who dominate information, not just territory. It is a pivot from platform-centric power to information-centric warfare, an approach that mirrors Nato and US doctrines of multi-domain operations.


Military parades are theatre, but in Beijing theatre is strategy. To its people, China portrays: “We are secure and advanced.” To Washington, it signals: “We can fight across every domain.”


To its neighbours, the message is unmistakable: “We are no longer only a regional power; we are a global power.”


Malaysia can draw at least three key lessons from this signal. First, cyber and space resilience must become national priorities. Our financial systems, communications and power grids remain exposed to sophisticated cyberattacks.


Satellites and networks are potential first targets in any conflict. The upcoming Second Phase of Defence White Paper (2026 – 2030) must treat cyber and space security as essential pillars of national defence.


Second, strategic balancing has become a non-negotiable requirement.

Malaysia cannot afford to be ensnared in a great power rivalry, but we also cannot afford to remain silent. Defence diplomacy has emerged as a fundamental strategy. Engaging China, the United States, Japan, South Korea, Australia and others is the instrument that protects our sovereignty and Asean’s neutrality.


Third, innovation in defence is an urgent imperative. The National Defence Industry Policy (DIPN) and Industrial Collaboration Programme (ICP) must prioritise dual-use technologies such as artificial intelligence, drones, cybersecurity solutions and satellite applications. Without innovation, resilience will remain out of reach.


The lesson from Beijing is not that Malaysia should embark on an arms race. It is that we must strengthen defence diplomacy as the first line of security. Defence diplomacy is about building trust with partners, engaging competitors with clarity, and using dialogue to prevent miscalculation.


It means engaging in joint exercises, officer exchanges, technology collaboration and transparent communication.


For our country, it also means positioning ourselves as a bridge, a country trusted enough to convene conversations between rivals, but firm enough to defend our national interests.


China’s parade revealed a military ready to fight across every domain. But Malaysia’s strength does not lie in matching missile for missile. Our strength lies in building coalitions, shaping norms and leading through diplomacy.


The real contest of this century is not only about who parades the largest arsenal but who builds the most resilient, cooperative and stable security architecture. That is the contest where Malaysia, through defence diplomacy, must lead.


RAEISS ILMY RAMLY Dengkil, Selangor


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Friday, 5 September 2025

How US is eroding its own financial power with a crisis of trust in the dollar


Once hailed as the bedrock of global finance, the US dollar now teeters on the precipice of a crisis of trust. The era of "dollar exceptionalism," where the currency stood invincible, is rapidly crumbling under the weight of Washington's own missteps, which have continuously pushed the world to look for alternatives.

A careful examination of the dollar from the perspective of currency's four basic functions, namely world currency, stores of value, payment and circulation, reveals a startling reality.

From "dollar privilege" to "global enemy"

The US dollar is being pulled into a crisis of trust by its very own mastermind. Bert Flossbach, co-founder and chief investment officer of Germany's largest independent asset management firm, Flossbach von Storch, said: "The US government's chaotic tariff policy has undermined the dollar's safe haven status."

At the heart of the dollar's fall is America's weaponization of its financial system. Since the outbreak of the Ukraine crisis, Western countries froze $300 billion in Russian reserves and expelled Russia financial institutions from the SWIFT system. These drastic measures, intended to crush adversaries, instead triggered a mass exodus from the dollar.

Many countries have accelerated efforts to de-dollarize. Even Saudi Arabia, long the guardian of the oil-dollar nexus, has started accepting other currencies for oil transactions.

In one fell swoop, the very weapon the US used to maintain its financial dominance has turned into its Achilles' heel, splintering the global financial system and hastening the decline of the dollar.

From "safe assets" to "devaluation traps"

The US dollar's stability once rested on two pillars: a robust US economy and the nation's unwavering commitment to its credit. But today, both foundations are crumbling. The US national debt has soared past $36 trillion, with debt-to-GDP ratios hitting nearly 120 percent. The Federal Reserve's response has been to print more money, fueling inflation while simultaneously weakening the dollar.

The consequences are already evident. Countries that once trusted US debt now find themselves trapped in US dollar devaluation, even traditional allies like Japan and Saudi Arabia are offloading their stakes in American debt. Worse yet, the exportation of US inflation to emerging economies, through the "dollar tidal wave" has pushed countries like Argentina and Egypt to the brink of financial bankruptcy, igniting a worldwide movement away from dollar-based reserves.

In short, the American currency has become a ticking time bomb and a "devaluation trap" rather than a safe store of value.

From "everywhere" to "restricted"

The dollar's omnipresence in global trade is retreating. America's control over the SWIFT payment system, once a crucial artery for cross-border transactions, is not as reliable as it once was. Alternatives have emerged: China's CIPS system, Russia's SPFS and the EU's INSTEX are facilitating cross-border transactions without relying on US dollars.

The most significant blow, however, may come from the "petrodollar" system. For decades, oil trading has been anchored in US dollars, cementing its dominance. But countries like Iran, Venezuela, and even the UAE are shifting toward the acceptance of other currencies for oil transactions. This transformation could be the death knell for the dollar's privileged position in the global economy.

On top of this, the rise of central bank digital currencies (CBDCs) is set to further undermine the dollar's supremacy. As countries develop their own digital currencies and enter into cross-border alliances, the dollar's role as the global middleman in trade could be rendered obsolete sooner or later.

America's self-inflicted wounds

While Washington may feel emboldened by its ability to weaponize the financial system, the consequences will ultimately be self-destructive. For one thing, the erosion of trust in US debt will raise borrowing costs for the federal government, exacerbating the already crippling national debt. Secondly, the decline of the dollar as the world's reserve currency will shrink US income from "seigniorage," the revenue generated by printing money. 

For another, as the dollar's dominance erodes, America's geopolitical influence will fade. The loss of its financial leverage means that Washington's ability to impose sanctions or exert pressure on nations will diminish, weakening its role as the global leader.

The message is clear: The world no longer wants a single currency, particularly one that is the symbol of hegemony and is increasingly wielded as a tool of coercion.

The future belongs to a more diversified monetary system: where multiple currencies, including the euro, Chinese yuan, and potentially even gold or digital currencies, will all play a larger role. This shift may be uncomfortable for America, but it is in line with the trend of history.

The dollar's downfall should be a wake-up call for the US. If Washington continues down its current path, it risks turning itself into an isolated financial island, cut off from the very system it once cultivated and ruled.

The time has come for America to take a more collaborative, less confrontational approach, or risk witnessing its global influence slip away.

The author is a commentator on international affairs, writing regularly for Xinhua News, Global Times, China Daily, CGTN etc. opinion@globaltimes.com.cn 

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Monday, 1 September 2025

Global power converge in Tianjin: SCO summit

 China hosts a star-studded summit to showcase its glowing influence


In this photo provided by Indian Prime Minister's Office, Indian Prime Minister Narendra Modi, left, and Chinese President Xi Jinping, right, hold a meeting on the sidelines of the Shanghai Cooperation Organization (SCO) summit in Tianjin, China Sunday, Aug. 31, 2025. (Indian Prime Minister's Office via  AFP  https://www.youtube.com/watch?v=ZfDuPX3p9Y0

President Xi Jinping gathered the leaders of Russia and India among dignitaries from around 20 Eurasian countries for a showpiece summit aimed at putting China front and centre of regional relations.

Security was tight in the northern port city of Tianjin, where the Shanghai Cooperation Organi­sation (SCO) summit is being held until today, days before a massive military parade in the capital Beijing to mark 80 years since the end of World War II.

The SCO comprises China, India, Russia, Pakistan, Iran, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Belarus – with 16 more countries affiliated as observers or “dialogue partners”.

Russian President Vladimir Putin touched down in Tianjin yesterday with an entourage of senior politicians and business representatives. 

Meanwhile, Xi held a flurry of bilateral meetings with leaders from the Maldives, Azerbaijan, Kyrgyzstan and one of Putin’s staunch allies, Belarusian President Alexander Lukashenko.

He also met India’s Prime Minister Narendra Modi, Xinhua news agency reported.

China and Russia have sometimes touted the SCO as an alternative to the Nato military alliance. This year’s summit is the first since US President Donald Trump returned to the White House.

In an interview published by Xinhua on Saturday, Putin said the summit will “strengthen the SCO’s capacity to respond to contemporary challenges and threats, and consolidate solidarity across the shared Eurasian space”.

“All this will help shape a fairer multipolar world order,” Putin said.

As China’s claim over Taiwan and Russia’s invasion of Ukraine have seen them clash with the United States and Europe, experts say that Beijing and Moscow are eager to use platforms such as the SCO to curry favour.

“China has long sought to present the SCO as a non-Western-led power bloc that promotes a new type of international relations, which, it claims, is more democratic,” said Dylan Loh, an assistant professor at Singapore’s Nanyang Technological University.

More than 20 leaders including Iranian President Masoud Pezeshkian and his Turkish counterpart Recep Tayyip Erdogan are attending the bloc’s largest meeting since its founding in 2001.

“The large-scale participation indicates China’s growing influence and the SCO’s appeal as a platform for non-Western countries,” Loh added.

Beijing, through the SCO, will try to “project influence and signal that Eurasia has its own institutions and rules of the game”, said Lizzi Lee from the Asia Society Policy Institute.

“It is framed as something different, built around sovereignty, non-interference, and multipolarity, which the Chinese tout as a model,” Lee said.

Putin needs “all the benefits of SCO as a player on the world stage”, said Lim Tai Wei, a professor and East Asia expert at Japan’s Soka University. — AFP

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SCO Tianjin Summit showcases the charm of genuine multilateralism: Global Times editorial

The SCO has not only inherited and advanced the multilateral framework represented by the UN but has also innovated and reshaped its concepts and pathways under new circumstances. The SCO has become both a staunch defender and a benchmark practitioner of multilateralism at a time when this principle of international engagement is under severe erosion worldwide.


14 hours ago — The aircraft carrying the Prime Minister and his wife Datuk Seri Dr Wan Azizah Wan Ismail landed at the Tianjin Binhai International Airport.


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 professor and East Asia expert at Japan’s Soka University. — AFP