- Policy announcements: Prime Minister Lawrence Wong has announced policies to support the middle class, address societal concerns, and maintain social stability in Singapore.
- Housing Affordability: Enhanced subsidies and adjusted income ceilings aim to make public housing more accessible for middle-income families, addressing the rising costs of private housing.
- Healthcare and Social Security: Increased healthcare subsidies and expanded CPF contributions are designed to ease the financial burden on the middle class, particularly in the face of rising medical costs.
- Education and Skills Development: Expanded subsidies for skills upgrading and lifelong learning seek to boost middle-class workers’ adaptability in a rapidly changing economy, ensuring continued upward mobility.
- Cost of Living Relief: Targeted financial relief, such as utility bill rebates and tax reliefs, aims to mitigate the pressures of rising living costs on middle-income households.
- Social Cohesion and Inequality: These policies aim to address middle-class disillusionment and prevent social fractures by ensuring economic opportunities remain accessible and social harmony is maintained amidst growing inequality.
Author: PPM Team
When Politicians and Food Don’t Mix: A Recipe for Awkwardness
The viral video of JD Vance’s awkward campaign stop at a donut shop sparked a lively discussion about food as a political prop. In politics, every gesture is scrutinised, every word dissected, and every bite savoured. Yet, despite the high stakes, politicians across the globe continue to venture into the treacherous territory of public dining as part of their electoral charm offensive. The result? Occasionally, it’s less of a gourmet experience and more of a farce.
Continue reading “When Politicians and Food Don’t Mix: A Recipe for Awkwardness”Navigating the Backlash Against Mass Tourism: briefing note
In recent years, the growing backlash against mass tourism has become a significant issue for many of the world’s top travel destinations. Cities and countries that have long benefited economically from tourism are now grappling with its negative consequences, from environmental degradation to social tensions. In response, many local governments have implemented measures to curb overtourism, such as banning short-term rentals, imposing higher tourism taxes, and limiting the number of cruise ships allowed to dock. These actions, while necessary to protect local communities and ecosystems, have also brought new challenges, particularly in the realm of local politics.
Continue reading “Navigating the Backlash Against Mass Tourism: briefing note”Bangladesh: situation update
Summary
Bangladesh has experienced significant political unrest and violence, with the following key events have taken place in the past 24 hrs:
- Violence and Clashes: The protests, initially driven by demands for electoral reforms and an end to the quota system for government jobs, have escalated into violent clashes between protesters and security forces. Over 80 people, including at least 13 police officers, have been reported killed in these confrontations. Authorities have imposed a curfew and restricted internet access in an attempt to control the situation.
- Prime Minister Resigns: Prime Minister Sheikh Hasina has resigned and reportedly fled the capital, Dhaka, amid the escalating violence. This development has intensified the political crisis, with opposition parties and protesters calling for the establishment of an interim government to oversee the next elections.
- General Waker-uz-Zaman assumes control: The military, led by General Waker-uz-Zaman, stepped in to restore order, imposing a curfew and restricting internet access. General Waker-uz-Zaman announced the military’s takeover in a press conference, emphasising the need to address the protesters’ demands and promising to stabilise the situation.
Far-right violence in the UK: situation brief
Summary
- Recent riots in England, triggered by a mass stabbing in Southport, have been driven by far-right groups and exacerbated by misinformation and xenophobic rhetoric.
- Public figures associated with the far-right like Tommy Robinson and Nigel Farage have been accused of inflaming tensions, with Farage questioning the authorities’ transparency and Robinson criticising government and police responses.
- Refugees have been targeted in the violence, with far-right protesters attacking hotels housing asylum seekers and using nationalist slogans to incite further unrest. Muslims have also been significant targets, facing Islamophobic slurs and violent actions, particularly outside places of worship during protests.
- Authorities and community leaders are working to restore order and promote social cohesion, but the persistence of far-right rhetoric remains a significant challenge to these efforts.
The Trump-Vance Ticket — populist economics to the fore : situation update
Summary
- The selection of JD Vance as Donald Trump’s vice-presidential nominee signals a potential shift or reinforcement of certain economic and trade policies.
- Vance, known for his populist stances and advocacy for the working class, aligns closely with many of Trump’s economic viewpoints.
- This partnership likely suggests a future direction characterised by protectionist trade policies and a focus on reviving American manufacturing.
- It indicates a strong desire among the electorate for policies that reclaim economic sovereignty, which is also reflected by the overlap between populist right and left economic policies
Situation brief: Kenya’s Finance Bill 2024
Summary
- Necessity for Fiscal Reforms: Kenya’s Finance Bill 2024 aims to address fiscal deficits through tax reforms and align with IMF-supported economic stability measures.
- Strong Public Opposition: The Bill has sparked widespread protests, reflecting deep dissatisfaction among Kenyans due to increased costs of living and perceived punitive tax measures.
- Government Advocacy vs. Public Sentiment: President Ruto promotes the bill as essential for economic health, contrasting sharply with the negative public perception and overwhelming opposition revealed in polls.
- Government Response to Protests: In response to intense public backlash, the government amended the Bill to remove some controversial taxes, highlighting the impact of civic engagement on policy.
- Protest violence: Protests against Kenya’s Finance Bill 2024 have intensified, resulting in violent confrontations between the police and demonstrators, predominantly young adults. The police response, involving tear gas, water cannons, and live ammunition, has led to numerous injuries and arrests, and notably, one fatality.
- Lessons on Public Policy: The situation underscores the importance of public buy-in for successful policy implementation, effective communication, and balancing international standards with local economic realities.
The Rise of Protectionist Economic Policies: A Response to Populism and Alternative Political Movements
Recently, advanced economies have witnessed a significant shift towards protectionist economic policies. While this is often framed in terms of geopolitical competition, especially involving China, this trend should also be understood as a response to the growing influence of populism and the surge in support for alternative political parties. To grasp this phenomenon, it is essential to examine the underlying causes and the interplay between populist sentiments and economic policy changes.
Continue reading “The Rise of Protectionist Economic Policies: A Response to Populism and Alternative Political Movements”Chinese electric vehicles & soft power: situation update
Summary
- Tariff Increase: The Biden administration is set to increase tariffs on Chinese electric vehicles (EVs) from 25% to potentially 100%, significantly raising the cost of Chinese EVs in the US market.
- Geopolitical Strategy: This move aims to curtail China’s dominance in the global EV market and protect the nascent US clean energy sector from a flood of subsidised Chinese imports.
- Domestic Industrial Policy: The tariffs are part of Biden’s broader strategy to boost American manufacturing, specifically in the EV and clean energy sectors, to ensure national security and economic growth.
- Labour and Employment: The tariff policy is designed to support American jobs, particularly in the auto industry, resonating with labour unions and blue-collar workers in key battleground states.
- Electoral Strategy: With the 2024 presidential election approaching, Biden’s move to raise tariffs helps distinguish his trade policy from that of former President Trump, who has also advocated for high tariffs on Chinese goods.
India’s Election: Situational Update
Summary
- Congress’s “Nyay Patra” Manifesto: Focuses on social justice with promises for jobs, financial aid for women, and a controversial wealth redistribution survey based on caste and minority status, sparking debates about its potential to deepen social divisions.
- BJP’s “Abki Baar 400 Paar” Campaign: Led by Prime Minister Narendra Modi, targets over 400 seats with a platform emphasising national security, economic growth, and Hindu cultural nationalism. Criticises Congress’s manifesto as threatening national security and stability.
- Controversial Aspects of Congress’s Manifesto: Includes a wealth redistribution plan and a caste census, which have been criticised for potentially fostering economic disincentives and social unrest.
- Modi’s Rhetoric Viewed as Anti-Muslim: Accusations against Congress for pandering to Muslim interests, using divisive language, and linking Congress policies to historical adversaries like the Muslim League.
- Electoral Strategies and Implications: BJP’s campaign focuses on a strong nationalistic approach, while Congress aims for transformative social justice measures. The election presents a stark choice between two contrasting visions for India’s future.