Home Blog Page 795

Nuggets’ challenges

The Nuggets’ first game without Aaron Gordon was not without drama. Even as they were fresh off a win in which their starting forward managed to burn rubber in only the first four minutes of the contest, they knew they had to be at their best against the Thunder. After all, it’s one thing to emerge victorious against the hapless Raptors, and quite another to keep pace with the Western Conference pacesetters sans a vital cog — two, actually, with Jamal Murray likewise sidelined due to concussion protocols. Despite the challenges, however, they wound up with their third win in five starts at home, and fifth in eight matches overall.

To be sure, the Nuggets aren’t projected to be among the National Basketball Association elite in the face of significant changes to their roster since they claimed the championship in 2023. Rotation regulars Bruce Brown and Jeff Green were gone that summer, with leading perimeter defender Kentavious Caldwell-Pope following suit a year later. Meanwhile, Murray has been a shell of his former self, putting up atrocious numbers in the immediate past playoffs and doing no better so far this season.

Fortunately, the Nuggets still have Nikola Jokic to lean on. Through eight games in their 2023-24 campaign, the three-time Most Valuable Player awardee has arguably never been better. And not only are his stats at all-time highs across the board; he’s amassing them with greater efficiency. Never mind that he has become even more of a focal point of the opposition’s defensive schemes, what with Murray’s continued regression and Michael Porter Jr.’s poor play. Granted, they managed to snag Russell Westbrook from free agency; the flipside, of course, is that the nine-time All-Star possesses a Hyde side invariably angling to overcome better judgment.

Bottom line, the Nuggets will go only so far as Jokic can take them. If nothing else, yesterday’s set-to provided further proof of their utter reliance on him — enabling them to once again eke out a close one. And if he needs to exert extraordinary effort this early in the season just for them to stay competitive, there’s no telling how much he will have left in the tank when the playoffs arrive. The concern may not be unique to them, but if they’re truly bent on contending for the hardware, they would do well to weigh the efficacy of pushing for short-term gains at the expense of longer-term objectives.

 

Anthony L. Cuaycong has been writing Courtside since BusinessWorld introduced a Sports section in 1994. He is a consultant on strategic planning, operations and human resources management, corporate communications, and business development.

Kamala Harris concedes but vows to fight on

DEMOCRATIC presidential nominee US Vice-President Kamala Harris reacts as she delivers remarks, conceding the 2024 US presidential election to President-elect Donald Trump, at Howard University in Washington, US, Nov. 6, 2024. — REUTERS

WASHINGTON — US Vice-President Kamala Harris vowed to keep fighting for the ideals that powered her presidential campaign on Wednesday in a concession speech that acknowledged President-elect Donald Trump’s win while warning of potential dark times to come.

“While I concede this election, I do not concede the fight that fueled this campaign,” she told supporters, many of them in tears, at her alma mater Howard University, a historically Black college in Washington.

Ms. Harris, her voice at times wavering, pledged to continue fighting for women’s rights and against gun violence and to “fight for the dignity that all people deserve.”

She said she had called Mr. Trump, congratulated him on his triumph in Tuesday’s presidential election and promised to engage in a peaceful transfer of power.

“The outcome of this election is not what we wanted, not what we fought for, not what we voted for, but hear me when I say — hear me when I say: The light of America’s promise will always burn bright,” she said.

The somber mood was in striking contrast to the homecoming celebration a few weeks ago on the Howard campus when thousands of students and alumni gathered ahead of what they hoped would be the election of the country’s first graduate of historically Black Colleges and Universities as president.

Ms. Harris addressed a crowd on Wednesday that included former House Speaker Nancy Pelosi, aides in President Joseph R. Biden’s White House and thousands of fans. Ms. Harris’ campaign anthem, Beyoncé’s “Freedom,” played as she entered the stage.

Her running mate, Minnesota Governor Tim Walz, joined the crowd.

“A fundamental principle of American democracy is that when we lose an election, we accept the results. That principle, as much as any other, distinguishes democracy from monarchy or tyranny, and anyone who seeks the public trust must honor it,” Ms. Harris said, in a nod at Trump’s efforts, before he won, to sow doubt about the legitimacy of the election.

Mr. Trump claims falsely that he won the 2020 election, which he lost to Biden.

Ms. Harris encouraged her supporters, especially young people, not to give up even in their disappointment and said: “Sometimes the fight takes a while. That doesn’t mean we won’t win.”

Ms. Harris rose to the top of the Democratic ticket in July after Mr. Biden stepped aside. She brought newfound enthusiasm and cash to the effort, but she struggled to overcome voters’ concerns about the economy and immigration.

“I know many people feel like we are entering a dark time, but for the benefit of us all, I hope that is not the case. But here’s the thing: America, if it is, let us fill the sky with the light of a brilliant, brilliant billion of stars… the light of optimism, of faith, of truth and service,” she said.

Thousands had gathered at the school on Tuesday night for what they hoped would be a historic victory for the first woman to become president. They came back on Wednesday to show their support and rue her loss.

Jamela Joseph, 31, a doctoral student at Howard, said: “America had its opportunity to move forward in a progressive and intentional manner, and as a nation it has, you know, shown that it’s going to repeat itself and its history and its legacy of upholding white supremacy racism, in terms of treating women as second-class citizens.”

Donna Bruce, 72, said she had come to show love and respect for what Ms. Harris had done. She noted she had just seen a little girl with a T-shirt that said: “A Black girl will save the world.”

“I still believe that,” Ms. Bruce said. “It may not be this Black girl, but I believe a Black girl will.” — Reuters

Late sultan’s Filipino heirs fail in bid to challenge French ruling on Malaysia dispute

REUTERS

PARIS — France’s highest civil court on Wednesday rejected an appeal by the heirs of a former sultan who sought nearly $15 billion from Malaysia’s government, drawing a line under a lengthy legal battle stemming from an 1878 land deal.

Malaysia’s law minister described the ruling as a “historic victory,” while Paul Cohen, a lawyer for the heirs, said they were disappointed by the decision as it made “no sense.”

Malaysia had been left stunned when the Filipino heirs of the last Sultan of Sulu won a $14.9-billion award in a French arbitration court in 2022, prompting them to go after Malaysian assets.

But a Paris court later upheld the Malaysian government’s challenge against enforcing a partial award. The Cour de Cassation on Wednesday confirmed the decision, ruling that the award was inapplicable and void.

The 1878 deal signed between European colonists and the Sultan of Sulu for use of his territory, which spanned islands in the southern Philippines and parts of present-day Malaysia on Borneo island.

Independent Malaysia had paid a token sum annually to the sultan’s heirs to honor the agreement but stopped in 2013, after supporters of the former sultanate launched a bloody incursion to try to reclaim land from Malaysia.

The heirs have maintained they had no involvement in the incursion and sought arbitration over the suspension of the payments.

In a Facebook post late on Wednesday, Malaysia’s law minister Azalina Othman Said said the ruling would “definitively settle the matter in favor of the Malaysian people.”

The heirs have instituted a claim against the Spanish government for alleged interference, their lawyer Mr. Cohen said in a statement to Reuters.

The Spanish arbitrator who had awarded the $14.9 billion to the heirs was convicted of contempt of court earlier this year. — Reuters

Canada orders shutdown of TikTok’s Canadian business

CANADA on Wednesday ordered Chinese-owned TikTok’s business in the country to be dissolved, citing national-security risks, but added the government was not blocking Canadians’ access to the short-video app or their ability to create content.

“The government is taking action to address the specific national security risks related to ByteDance Ltd.’s operations in Canada through the establishment of TikTok Technology Canada Inc,” Innovation Minister Francois-Philippe Champagne said in a statement.

Ottawa last year began reviewing TikTok’s plan to invest and expand its business in Canada. ByteDance is TikTok’s Chinese parent company.

Under Canadian law, the government can assess potential risks to national security from foreign investments, such as the TikTok proposal. The law prevents the government from revealing the details of such investments.

“The decision was based on the information and evidence collected over the course of the review and on the advice of Canada’s security and intelligence community and other government partners,” Champagne added.

TikTok said it will challenge the order in court.

“Shutting down TikTok’s Canadian offices and destroying hundreds of well-paying local jobs is not in anyone’s best interest, and today’s shutdown order will do just that,” a TikTok spokesperson said in a statement.

Canada has banned the TikTok app from government-issued devices, saying it presents an unacceptable level of risk to privacy and security.

TikTok and ByteDance sued in US federal court in May, seeking to block a law signed by President Joseph R. Biden.

The law, signed by Mr. Biden on April 24, gives ByteDance until Jan. 19 to sell TikTok or face a ban. The White House has said it wants to see Chinese-based ownership ended on national-security grounds but not a ban on TikTok. — Reuters

US suppliers, importers prepare for Trump’s promised tariffs

IMAGE VIA THE PORT OF LOS ANGELES

LOS ANGELES — Some US businesses are activating plans to protect their businesses from President-elect Donald J. Trump’s promise to slap new and potentially hefty tariffs on a wide swath of goods from countries including China and Mexico — the top US trading partners.

Mr. Trump proposed a 10% tariff on all US imports and a 60% levy on Chinese-made products, which if enacted would affect the entire economy by pushing consumer prices higher and stoking retaliatory levies on American exports. Trump also threatened to impose a 25% tariff on all imports from Mexico.

Economists warn that Mr. Trump’s tariff plans, likely his most consequential economic policy, would push US import duty rates back up to 1930s-era levels, stoke inflation, collapse US-China trade, draw retaliation and drastically reorder supply chains.

Hong Kong-based M.A.D. Furniture Design will ramp up by 50% shipments of its Chinese-made, modern-style chairs, tables and lighting to its Minneapolis warehouse “to buy ourselves some time to react after the election,” co-founder Matt Cole said.

In Chicago, Joe & Bella co-founder Jimmy Zollo already has quadrupled orders for the online retailer’s best-selling Chinese-made shirts and doubled orders for its most popular pants for adults who have trouble dressing themselves due to arthritis, dementia or being in a wheelchair.

“Given the uncertainty around tariffs, we wanted it delivered before Chinese New Year” on Jan. 29, Mr. Zollo said of that merchandise.

That’s because Chinese factories close for two to four weeks to give workers a chance to travel home for New Year festivities with their families. When work resumes, orders from small businesses like Mr. Zollo’s often get pushed to the back of the line, he said.

During his 2017-2021 presidency, Mr. Trump imposed waves of tariffs on products like steel, washing machines, solar panels and consumer goods from China. US importers responded by rushing in goods ahead of those tariffs.

This time, Mr. Trump’s new proposal affects far more goods and US seaports could get swamped if US businesses repeat the early import strategy known as front-loading.

That protective measure requires substantial resources to cover the cost of goods and extended storage, business owners told Reuters.

As a result, some small business owners are opting out.

“We are not ordering goods early given the overhead of storage, expedited shipping, and other associated costs,” said Hilla Hascalovici, chief executive officer of New York-based Periodally, which sells Chinese-made heating patches for menstrual cramps that employers stock in bathrooms next to the pads and tampons.

Campaign promises can diverge from the policies enacted once a president takes office, said Max Lemper-Tabatsky, co-founder of Denver-based Oaktree Memorials, which sells cremation urns made in Asia and Europe.

“Rather than committing substantial capital upfront based on hypothetical tariff scenarios, we are opting for a wait-and-see approach,” he said.

Alan Baer, president of OL USA, which handles freight shipments for clients, expects that Mr. Trump will follow through on at least part of his plan.

“Tariffs in shipping are bad no matter how you look at it,” said Mr. Baer, who added that Mr. Trump’s win likely means his firm could “have less stuff to move and need less people.” — Reuters

[B-SIDE Podcast] What does the US election outcome mean for the Philippines and Asia?

Follow us on Spotify BusinessWorld B-Side

The 2024 U.S. presidential election is capturing attention worldwide as Vice President Kamala Harris and former President Donald Trump face off in a closely contested race to the White House. With the U.S. wielding the world’s largest economy and military, this election’s outcome will undoubtedly have far-reaching global implications. But what’s at stake specifically for the Philippines and the broader Asia and Indo-Pacific region?
In this B-Side episode, I will be speaking to Josue Raphael Cortez, a diplomacy instructor at the De La Salle-College of St. Benilde’s School of Diplomacy and Governance.

Interview by Edg Adrian Eva
Editing by Jayson Mariñas

Follow us on Spotify BusinessWorld B-Side

Uncertainty prevails as top exporter Vietnam braces for volatility with Trump

A VIETNAM DONG note is seen in this illustration photo May 31, 2017. — REUTERS

HANOI – Vietnam faces trade volatility with a new Trump presidency, officials and supply chain experts told Reuters, as the country could benefit from increased U.S.-China trade tensions but may also become “collateral damage” of U.S. protectionist measures.

The Southeast Asian industrial hub is a major exporter to the United States and had a 90-billion-dollar trade surplus with Washington as of September, the fourth largest after China, the European Union and Mexico.

The Communist-run country has been a top beneficiary of a hike in U.S. tariffs on China, which Donald Trump started in his first presidency.

Trump has threatened to impose 60% tariffs on U.S. imports of Chinese goods in his second presidency, which would pose major growth risks for the world’s second-largest economy.

However, ahead of the U.S. elections Vietnamese officials said they would had preferred an expected status quo in trade policy under another Democratic president, rather than Trump’s unpredictability, two senior officials said.

The main reason for concern, officials said, is the big trade surplus with Washington, which is partly the result of Vietnam being used as an assembling site for components still largely made in China – which occasionally has led to U.S. sanctions over illegal transhipment.

Trump has also threatened tariffs up to 20% for all imports.

Vietnam “could easily be a target for such protectionist measures and become collateral damage”, said Leif Schneider, head of international law firm Luther in Vietnam.

However, additional protectionism could accelerate the shift of supply chains from China to other markets, with Vietnam likely remaining a preferred destination for companies relocating production outside of China, Schneider added.

Vietnam’s main stockmarket rose on Wednesday on news of a possible Trump win, driven by stocks of industrial parks, and extended its gains on Thursday morning.

LNG, PLANES, GOLF DIPLOMACY?

The large trade surplus could be reduced to ease tensions with the U.S. with purchase of big-ticket items from the United States, a senior Hanoi-based diplomat noted, pointing at imports of Liquified Natural Gas (LNG) and the possible purchace of Lockheed Martin C-130 Hercules military transport.

It may also help that The Trump Organization has recently partnered with a Vietnamese company to develop a $1.5 billion golf course and hotel project in Vietnam, a Vietnam-based foreign investor said.

However, uncertainty prevails, as the new Trump administration “presents both opportunities and challenges for Vietnam,” said Koen Soenens, marketing director at DEEP C industrial parks in northern Vietnam.

“While a second Trump presidency is expected to recalibrate American trade policy, the actual impact on Vietnam would heavily depend on the specific scope and targets of those policy changes,” said Dan Martin, a Hanoi-based business advisor with investment consultancy Dezan Shira & Associates.

“The potential for Vietnam to attract more companies relocating from China remains strong, yet tariffs and trade restrictions may jeopardize these gains,” Schneider added. — Reuters

Empowering Filipino businesses: PayMongo launches Soundbox to elevate in-store payment solutions

PayMongo, a leading digital financial service for Filipino entrepreneurs, announces the launch of its latest innovation: the PayMongo Soundbox.

This in-store payment device is designed to make quick response (QR) payments more seamless and accessible for businesses of all sizes, helping merchants streamline operations and offer cashless transactions tailored to the everyday habits of Filipino consumers.

With the Soundbox, PayMongo introduces a new way for merchants to accept digital payments confidently. The device provides real-time, audible notifications for successful transactions, eliminating doubts about payment status and reassuring merchants and customers.

This makes it especially effective in high-traffic environments like supermarkets, convenience stores, restaurants, and retail shops, where quick and smooth payment processing is essential to delivering great customer experience.

Simplifying digital payments for Filipino market

As the first fintech company in the Philippines to launch such a solution, PayMongo builds on its expertise to enable thousands of merchants to succeed in the digital economy.

The Soundbox leverages the experience gained from similar successful deployments in India by platforms like PayTM, Google Pay, and PhonePe, allowing PayMongo to introduce a consumer-friendly product, and encouraging more Filipino businesses to adopt QR payments over cash.

“Our mission is to empower growing businesses with reliable, scalable solutions aligned with customer behavior,” said Jojo Malolos, CEO of PayMongo. “With the Soundbox, we’re providing merchants with the tools to accept payments more efficiently and focus on what truly matters — offering an exceptional customer experience. 

Supporting Growth and Scalability for SMEs

Designed to handle high transaction volumes effortlessly, the Soundbox provides scalability for fast-growing small and medium-sized enterprises (SMEs).

Its ability to automate payment confirmation helps reduce operational complexity, freeing business owners to focus on scaling operations rather than daily transactional concerns.

Through this launch, PayMongo strengthens its commitment to empowering Filipino businesses with solutions that foster growth and operational efficiency.

Whether a business is transitioning from traditional cash-based systems to digital payments or looking to scale operations with advanced tools, the Soundbox is a powerful enabler in shifting toward a digital-first economy.

Leader in payment innovation

PayMongo’s introduction of the Soundbox underscored its leadership in the fintech space, providing merchants with the edge needed to thrive in a competitive market.

As the first mover in the Philippines, PayMongo continues to create meaningful partnerships and opportunities for businesses ready to embrace secure, cashless payments as a key to their growth.

 


Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com.

Join us on Viber at https://bit.ly/3hv6bLA to get more updates and subscribe to BusinessWorld’s titles and get exclusive content through www.bworld-x.com.

China says it respects America’s choice, congratulates Trump

RAWPIXEL

 – China expressed respect for the U.S. election result and congratulated Donald Trump on his victory, and an official newspaper called for a “pragmatic” approach to bilateral differences as U.S. tariff threats loomed.

Trump, a Republican who has promised to implement stiff tariffs, recaptured the White House with a sweeping victory over Democrat Kamala Harris in Tuesday’s election. He will take office in January.

“We respect the choice of the American people and congratulate Mr. Trump on his election as president,” a Chinese foreign ministry spokesperson said in a statement late on Wednesday.

China-U.S. relations have been fraught for years, notably around trade and security including Taiwan and the South China Sea.

Mr. Trump’s win could revive issues from his 2017-2021 first presidency, when he started a trade war with the world’s second-largest economy and imposed tariffs.

Chinese state-run newspaper China Daily in an editorial on Wednesday portrayed Mr. Trump’s second presidency as a potential “new beginning in China-U.S. relations if the chance that has been offered is not wasted.”

The Biden administration did not dismantle Mr. Trump’s trade policies and continued to target China’s state-driven industrial practices.

In September, it locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, 50% on solar cells and 25% on steel, aluminum, EV batteries and key minerals, in a bid to protect strategic American industries.

The next U.S. administration can strengthen dialogue and communication with China to handle differences, China Daily said.

But a threat by Mr. Trump to impose 60% tariffs on U.S. imports of Chinese goods poses major growth risks for China.

Not only are the threatened tariffs much higher than the 7.5%-25% levied on China during Trump’s first term, the Chinese economy is also in a much more vulnerable position as it faces a steep property downturn, burdensome local government debt and weak domestic demand.

U.S. policies and “misconceptions” towards China have posed significant challenges for relations, China Daily said.

“A pragmatic approach to bilateral relations is essential in navigating the complexities of global challenges.”

The proper handling of China-U.S. relations, which the newspaper called the world’s most important bilateral relationship, “not only serves the common interests of both countries but also will inject greater certainty and stability into the world.” – Reuters

2024 will be world’s hottest on record, EU scientists say

VECTORJUICE-FREEPIK

 – This year is “virtually certain” to eclipse 2023 as the world’s warmest since records beganthe European Union’s Copernicus Climate Change Service (C3S) said on Thursday.

The data was released ahead of next week’s U.N. COP29 climate summit in Azerbaijan, where countries will try to agree a huge increase in funding to tackle climate change. Donald Trump’s victory in the U.S. presidential election has dampened expectations for the talks.

C3S said that from January to October, the average global temperature had been so high that 2024 was sure to be the world’s hottest year – unless the temperature anomaly in the rest of the year plunged to near-zero.

“The fundamental, underpinning cause of this year’s record is climate change,” C3S Director Carlo Buontempo told Reuters.

“The climate is warming, generally. It’s warming in all continents, in all ocean basins. So we are bound to see those records being broken,” he said.

The scientists said 2024 will also be the first year in which the planet is more than 1.5C hotter than in the 1850-1900 pre-industrial period, when humans began burning fossil fuels on an industrial scale.

Carbon dioxide emissions from burning coal, oil and gas are the main cause of global warming.

Sonia Seneviratne, a climate scientist at public research university ETH Zurich, said she was not surprised by the milestone, and urged governments at COP29 to agree stronger action to wean their economies off CO2-emitting fossil fuels.

“The limits that were set in the Paris agreement are starting to crumble given the too-slow pace of climate action across the world,” Ms. Seneviratne said.

Countries agreed in the 2015 Paris Agreement to try to prevent global warming surpassing 1.5C (2.7 degrees Fahrenheit), to avoid its worst consequences.

The world has not breached that target – which refers to an average global temperature of 1.5C over decades – but C3S now expects the world to exceed the Paris goal around 2030.

“It’s basically around the corner now,” Mr. Buontempo said.

Every fraction of temperature increase fuels extreme weather.

In October, catastrophic flash floods killed hundreds of people in Spain, record wildfires tore through Peru, and flooding in Bangladesh destroyed more than 1 million tons of rice, sending food prices skyrocketing. In the U.S., Hurricane Milton was also worsened by human-caused climate change.

C3S’ records go back to 1940, which are cross-checked with global temperature records going back to 1850. – Reuters

New Zealand’s government introduces bill to reinterpret founding document

KERIN GEDGE-UNSPLASH

New Zealand’s center-right government on Thursday introduced a bill aimed at reinterpreting the country’s founding agreement, triggering protests by Indigenous Maori groups who said it would undermine their rights.

The Treaty of Waitangi, first signed in 1840 between the British Crown and more than 500 Maori chiefs, lays down how the two parties agreed to govern. The interpretation of clauses in this document guide legislation and policy today.

Associate Justice Minister David Seymour said the purpose of the Treaty Principles Bill is for Parliament to define the principles of the treaty, provide certainty and clarity, and promote debates on its place in constitutional arrangements.

“The principles of the Treaty are not going anywhere. Either Parliament can define them, or the courts will continue to meddle in this area of critical political and constitutional importance,” Seymour said in a statement.

The legislation is a policy of Seymour’s ACT New Zealand party, which garnered 8.6% of the party vote at the 2023 election.

ACT has criticized the sharing of some governance matters between the state and Maori, arguing non-Indigenous citizens are losing out because of policies designed to uplift Maori, who make up about 20% of the country’s 5.3 million people.

Coalition partners, the National Party and New Zealand First, has agreed to support the legislation through the first of three readings but have said they will not support it to become legislation. The first reading is scheduled next week.

Protesters marched in Auckland, New Zealand’s biggest city, holding signs reading “Shame” and “Equality”, and gathered outside Seymour’s office, while a small group converged outside the parliament in the national capital of Wellington.

Maori leaders described the government’s move to introduce the bill more than a week earlier than expected and without consulting them as “dishonorable”, New Zealand media reported.

Prime Minister Christopher Luxon said it was not unusual to move the bill earlier as the government was aiming to submit several pieces of legislation before Christmas.

“It was drafted and the legislation was ready to go. We move legislation around all the time and so it’s not unusual at all,” Mr. Luxon told reporters. – Reuters

Australia proposes ban on social media for children under 16

ARPAD CZAPP-UNSPLASH

 – Australia Prime Minister Anthony Albanese said on Thursday the government would legislate for a ban on social media for children under 16, a policy the government says is world-leading.

Australia is trialing an age-verification system to assist in blocking children from accessing social media platforms, as part of a ban that could come into force as soon as the end of next year.

“Social media is doing harm to our kids and I’m calling time on it,” Mr. Albanese told a news conference.

Mr. Albanese cited the risks to physical and mental health of children from excessive social media use, in particular the risks to girls from harmful depictions of body image, and misogynist content aimed at boys.

“If you’re a 14-year-old kid getting this stuff, at a time where you’re going through life’s changes and maturing, it can be a really difficult time and what we’re doing is listening and then acting,” he said.

Legislation will be introduced into parliament this year, with the laws coming into effect 12 months after being ratified by lawmakers, he added.

The opposition Liberal Party has expressed support for a ban.

There will be no exemptions for children who have parental consent, or who already have accounts.

“The onus will be on social media platforms to demonstrate they are taking reasonable steps to prevent access,” Albanese said. “The onus won’t be on parents or young people.”

Communications Minister Michelle Rowland said platforms impacted would include Meta Platforms’ Instagram and Facebook, as well as Bytedance’s TikTok and Elon Musk’s X. Alphabet’s GOOGL.O YouTube would likely also fall within the scope of the legislation, she added.

TikTok declined to comment, while Meta, Alphabet and X did not respond to requests for comment.

A number of countries have already vowed to curb social media use by children through legislation, though Australia’s policy is one of the most stringent.

France last year proposed a ban on social media for those under 15, though users were able to avoid the ban with parental consent.

The United States has for decades required technology companies to seek parental consent to access the data of children under 13, leading to most social media platforms banning those under that age from accessing their services. – Reuters