Brett Kavanaugh: Casting a Shadow over SRI Investing?

Posted on July 28, 2018 by admin

Journal of Political Risk, Vol. 7, No. 7, July 2018

Bhakti Mirchandani

Co-founder of the Global Microentrepreneurship Awards

The potential for President Trump’s Supreme Court nominee Brett Kavanaugh to weaken investor, employee, and consumer protections[1] and reverse Roe v. Wade[2] is widely covered. More critical for the $8.7 trillion US assets that are invested according to sustainable, responsible, and impact (all three together and inclusive of ESG investing, “SRI”) strategies[3] is Brett Kavanaugh’s opposition to a key driver of SRI momentum: administrative agency rulemaking.

Continue reading →

China’s Military Visits Endanger Philippine Sovereignty and Democratic Alliances

Posted on July 22, 2018 by admin

Journal of Political Risk, Vol. 7, No. 7, July 2018

Japan Maritime Self-Defense Force guided missile destroyer JS Chokai (DDG-176) launches a missile as part of Rim of the Pacific, 2016. China’s newest development, still under construction, is its own missile destroyer, the probable Type 052D (DDGHM). However, the Chinese media recently released ground photos of the destroyer with reports suggesting that vessels of this class are ready to be handed over to the People’s Liberation Army Navy (PLAN). Source: U.S. Pacific Fleet via Flickr.

Anders Corr, Ph.D.

Publisher of the Journal of Political Risk

On the night of July 16, four days after the second anniversary of the July 12 Permanent Court of Arbitration win by the Philippines against China in the Hague, a Chinese missile tracking ship with 远望 Yuan Wang 3 (YW-3) emblazoned on the side, eased up to Sasa Wharf in Davao, Philippines. Davao is the home turf of President Rodrigo Duterte, now in Malacañang Palace, and the ship was likely visiting at his personal invitation. The Chinese characters for Yuan Wang (远望) mean “gazing into the distance”, and are sometimes translated as “long view”.

Last month, two People’s Liberation Army Air Force (PLAAF) Ilyushin-76 (IL-76) military cargo planes visited Davao. They were called a “personal favor” by President Duterte to China, and surprised the Philippine military. The visits were not covered by treaty.

Only the U.S. and Australia have visiting forces agreements that allow, and legally constrain, U.S. and Australian military presence. China has no such public constraints, and for that reason as well as others detailed below, poses a risk to Philippine sovereignty. Last year, Davao also hosted a People’s Liberation Army Navy (PLAN) guided missile destroyer, guided missile frigate, and replenishment ship.

Continue reading →

China’s Targeting of Overseas Chinese for Intelligence, Influence and Drug Trafficking

Posted on July 21, 2018 by admin

Journal of Political Risk, Vol. 7, No. 7, July 2018

Davao City Vice Mayor Paolo Duterte (L), son of Philippine President Rodrigo Duterte, and the president’s son-in-law, Manases Carpio (R), take an oath as they attend a senate hearing in Manila on September 7, 2017.
Paolo Duterte and the president’s son-in-law, Manases Carpio, appeared before the inquiry to deny as “baseless” and “hearsay” allegations linking them to large-scale illegal drugs smuggling. Source: Flickr.

Anders Corr, Ph.D.

Publisher of the Journal of Political Risk

On June 12, Philippine protesters staged coordinated protests against China in Los Angeles, San Francisco, and Vancouver. Protest organizer Ago Pedalizo said, “Duterte’s government pursues the ‘sell, sell, sell’ approach to sovereignty as a trade-off to all kickbacks he’ll get from the ‘build, build, build’ economic push of China.” His protest group, Filipino American Human Rights Advocates (FAHRA), charged that “Duterte is beholden to the $15-billion loan with monstrous interest rate and China’s investments in Boracay and Marawi, at the expense of Philippine sovereignty. This is not to mention that China remains to be the premier supplier of illegal drugs to the country through traders that include the son, Paolo Duterte, with his P6 billion shabu [methamphetamine] shipment to Davao.”

Paolo Duterte has denied the allegations. Philippine and Chinese government offices did not reply to requests for comment.

Continue reading →

Alleged Corruption in Mongolia’s Resource Extraction Sector

Posted on July 18, 2018 by admin

Journal of Political Risk, Vol. 7, No. 7, July 2018

Dump trucks operate in an open pit at the Oyu Tolgoi copper-gold mine, jointly owned by Rio Tinto Group’s Turquoise Hill Resources Ltd. unit and state-owned Erdenes Oyu Tolgoi LLC, in Khanbogd, the South Gobi desert, Mongolia. Mongolia exported 817,000 tons of copper concentrate in the first half of the year compared with 663,800 tons a year earlier, an increase of 23.1 percent. Source: Flickr.

Indra Tsatsral

Oxford Brooks University

The year is 2008 and Ulaanbaatar, the capital city of Mongolia, still resembles a gritty Soviet satellite state with its deteriorating apartment blocks and a statue of Lenin standing bold. Fast-forward a mere four years later and the apartment blocks have deteriorated further while a dazzling 25-story hotel overlooks the shadow of the recently removed statue. Today, with a plethora of Western companies ranging from luxury brands such as Rolex to the familiar Pizza Hut sprouting all over the city, you will be forgiven for mistaking Ulaanbaatar as one of the Four Asian Tigers. Unlike the Four Asian Tigers, which flourished predominately through industrialisation, however, Mongolia’s rapid ‘development’ is mainly attributed to the country’s colossal mineral wealth.

Continue reading →