The DailyBrief

Friday June 9, 2017

UK election shock: British Prime Minister Theresa May is facing calls to quit on Friday after her snap election gamble to win a stronger mandate backfired, reports Alastair Macdonald. No single UK political party has a clear claim to power and European Union leaders now fear this will delay Brexit talks, due to start this month, and raises the risk of negotiations failing.

Trump and Millwall: The notoriously tough nature of South London football club Millwall, with its fan chant “No-one likes us. We don’t care”, was exemplified by a supporter who, as he fought three knife-wielding terrorists at London Bridge last week, shouted ““F**k you, I’m Millwall.” David P. Goldman argues that Donald Trump, by being the first Western leader to truly stand up and announce that the whole sick business of terrorism has to stop, has become as disliked as Millwall but, nonetheless, the American president is iterating towards the right thing.

Abe, hype misguided? Many analysts are now reporting that Prime Minister Shinzo Abe’s revival program is finally firing on all cylinders and is bringing back growth and optimism to Japan’s economy. Yet, writes William Pesek, the average Japanese household is actually not feeling any groundswell of progress and media headlines in the months ahead will instead start reflecting disappointment that deflation isn’t going anywhere.

Vietnam-Competing With Giants: Tan Hiep Phat Beverage Group hopes to increase its revenue to US$3 billion by 2027 and its focus is almost entirely on targeting Vietnamese consumers in an increasingly sophisticated domestic market. Kenny Hodgart writes that family-owned THP has, since formation in 1994, grown to be second only to Coca Cola in Vietnam by selling market-leading teas and energy drinks and also by learning how to savvily compete, in terms of capital and resources, with global giants.

Understanding Myanmar’s Buddhists: Many observers have misunderstood the true nature of Myanmar’s Buddhist ‘nationalist’ group, Ma Ba Tha, writes Matthew J Walton. Since Ma Ba Tha’s founding, it and similar groups have regularly been the subjects of misleading media reporting, reflecting an inability or unwillingness to really understand the underlying popularity these groups have as defenders of the faith.