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Operator
Good afternoon, everyone, and welcome to the Credit Acceptance Corporation Second Quarter 2021 Earnings Call. [Operator Instructions] A webcast and transcript of today s earnings call will be made available on Credit Acceptance website.
At this time, I ll now turn the call over to Credit Acceptance s Chief Treasury Officer, Doug Busk. Sir, you may now begin.
Douglas W. Busk
Chief Treasury Officer
Thank you. Good afternoon, and welcome to the Credit Acceptance Corporation Second Quarter 2021 Earnings Call. As you read our news release posted on the Investor Relations section of our website, at ir.creditacceptance.com, and as you listen to this conference call, please recognize that both contain forward-looking statements within the meaning of federal securities law. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control and which could cause actual results to differ materially from such statements. The
Is Malaysia Really a ‘Maritime’ Nation?
Despite its close connection to the maritime domain, Malaysia still thinks and behaves strategically like a continental power.
By
May 25, 2021
The Royal Malaysian Navy and Malaysian Maritime Enforcement Agency take part in maritime training exercise with the U.S. Navy and U.S. Coast Guard, August 16, 2019.
Credit: U.S. Navy photo by Mass Communication Specialist 2nd Class Tristin Barth
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In its first Defense White Paper, published in 2019, Malaysia proclaimed itself to be a “maritime nation with continental roots.” Indeed, the nation has a unique geography: peninsular Malaysia is connected to the larger Eurasian continent via the Isthmus of Kra, while East Malaysia consists of two states – Sabah and Sarawak – located far off on the island of Borneo, together with Brunei and Indonesia’s Kalimantan. Malaysia has long coastlines, large maritime Exclusive Economic Zones (EEZs), and contine
Ultimately PLA overseers hope to “command” the China seas and a protective belt of the Pacific, wresting complete, permanent control from the U.S. Navy and allied fleets such as the Japan Maritime Self-Defense Force or Taiwan Navy.