Malaysia’s prime minister says globalization needs fixing

Malaysia Prime Minister Mahathir Mohamad speaks during the APEC CEO Summit 2018 at the Port Moresby, Papua New Guinea, 17 November 2018. (REUTERS)
Updated 17 November 2018
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Malaysia’s prime minister says globalization needs fixing

  • Malaysian PM: “The trade war between the US and China has amplified further the disruption to our trade and commerce”

PORT MORESBY: Malaysian Prime Minister Mahathir Mohamad on Saturday said nations needed to reevaluate globalization and economic integration because it was leaving some people behind and fueling inequality.
Speaking at the Asia Pacific Economic Co-operation (APEC) summit in Papua New Guinea, Mahathir called for a more level playing field on trade between rich nations and the developing world.
“The benefits of free and fair trade and economic integration have been ruptured, exemplified by Brexit and trade wars between major economies,” Mahathir said.
“The trade war between the US and China has amplified further the disruption to our trade and commerce.”


Cambodia seizes record 3-ton haul of African ivory

This photo taken on December 13, 2018 shows Cambodian Customs and Excise Officials looking at ivory seized from a shipping container at the Phnom Penh port. (AFP)
Updated 50 min 3 sec ago
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Cambodia seizes record 3-ton haul of African ivory

  • Demand from China and Vietnam has fueled the growth of illegal wildlife trafficking via Cambodia

PHNOM PENH: Cambodia seized more than 3.2 tons of elephant tusks hidden in a storage container sent from Mozambique, a customs official said Sunday, marking the country’s largest ivory bust.
The discovery Thursday of 1,026 tusks at the Phnom Penh Autonomous Port followed a tip from the US embassy, the official said, and highlights Cambodia’s emergence as a key regional transit point for the multibillion dollar trade in illicit wildlife.
“The elephant tusks were hidden among marble in a container that was abandoned,” Sun Chhay, director of the Customs and Excise Office at the port, told AFP.
He said the ivory was sent from the southern African nation of Mozambique and arrived at the port last year.
The unidentified owner of the shipment did not arrive to pick up the cargo.
Pictures of the massive haul showed long rows of confiscated tusks spread out on the ground at the port.
Sun Chhay said he did not know whether the shipment was destined for markets in other countries.
Demand from China and Vietnam has fueled the growth of illegal wildlife trafficking via Cambodia.
Weak law enforcement and corruption attract wildlife smugglers, especially at a time when neighboring Thailand is cracking down on the banned trade.
Ivory is prized for its beauty while the market in traditional medicine has led to the smuggling of rhino horn and pangolin scales.
Cambodia has a minuscule elephant population but its emergence as a new trafficking hub has resulted in several headline-grabbing busts over the past five years.
The largest before this week occured in 2014, when Cambodian customs seized about three tons of ivory hidden in a container of beans at the southwestern port of Sihanoukville.
Last year, Cambodia also seized nearly a ton of ivory hidden in hollowed-out logs discovered inside an abandoned container, owned by a company based in Mozambique.