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16
May

A computer generated image of Lusail Stadium that will host the 2022 FIFA World Cup final, with seating capacity of 80,000, in Lusail City, north of central Doha, Qatar. Qatar Supreme Committee for Delivery and Legacy/Handout via REUTERS - 

 

 

The Asian Football Confederation (AFC) confirmed on Sunday that North Korea has pulled out of next month's qualifying tournament for the 2022 World Cup finals in Qatar.

The move comes after the country had already withdrawn from the Olympic Games in Tokyo this summer because of concerns over the COVID-19 pandemic.

South Korea is due to host the remaining matches in Group H of the second round of Asia's preliminary tournament in June, but North Korean officials informed their southern counterparts of their intention to withdraw this month.

Prior to the withdrawal, North Korea were in fourth place in the standings after five matches, level on eight points with the South Koreans, who have played one game fewer.

Turkmenistan currently lead the group, which is completed by Lebanon and Sri Lanka.

The AFC said it will refer North Korea's withdrawal to governing body FIFA, with a decision on how the country's exit from the competition will affect the group standings to be announced in due course//CNA

16
May

A ball of fire erupts from a building housing various international media, including The Associated Press, after an Israeli airstrike on Saturday, May 15, 2021 in Gaza City. (Mahmud Hams /Pool Photo via AP) - 

News organisations demanded an explanation on Saturday (May 15) for an Israeli airstrike that targeted and destroyed a Gaza City building housing the offices of the Associated Press, broadcaster Al-Jazeera and other media outlets.

AP journalists and other tenants were safely evacuated from the 12-storey al-Jalaa tower after the Israeli military warned of an imminent strike. Three heavy missiles hit the building within the hour, disrupting coverage of the ongoing conflict between' Gaza’s Hamas rulers and Israel. At least 145 people in Gaza and eight in Israel have been killed since the fighting erupted on Monday night.

“The world will know less about what is happening in Gaza because of what happened today,” AP president and CEO Gary Pruitt said. He said the American news agency was seeking information from the Israeli government and engaging with the US State Department to learn more.

Mostefa Souag, acting director-general of Al-Jazeera Media Network, called the strike a “war crime” and a “clear act” to stop journalists from reporting on the conflict. Kuwait state television also had office space in the now-collapsed Gaza City building.

“The targeting of news organisations is completely unacceptable, even during an armed conflict. It represents a gross violation of human rights and internationally agreed norms,” Barbara Trionfi, the executive director of the International Press Institute, said.

In a standard Israeli response, the military said that Hamas was operating inside the building, and it accused the militant group of using journalists as human shields. But it provided no evidence to back up the claims.

Israeli military spokesman Lt Col Jonathan Conricus claimed that Hamas used the building for a military intelligence office and weapons development. He alleged “a highly advanced technological tool” that the militant group used in the fighting was “within or on the building".

But Conricus said he could not provide evidence to back up the claims without “compromising” intelligence efforts. He added, however: “I think it’s a legitimate request to see more information, and I will try to provide it.”

Pruitt, the AP's CEO, said the news agency had been in the building for 15 years and “we have had no indication Hamas was in the building or active in the building”.

"We have called on the Israeli government to put forward the evidence," he said. “This is something we actively check to the best of our ability. We would never knowingly put our journalists at risk.”

Some press freedom advocates said the strike raised suspicions that Israel was trying to hinder coverage of the conflict. The New York-based Committee to Protect Journalists demanded Israel “provide a detailed and documented justification” for the strike.

The Washington-based National Press Club called the strike “part of a pattern this week of Israeli forces destroying buildings in Gaza that house media organisations" and also questioned whether the assaults seek to “impair independent and accurate coverage of the conflict”//ANT

15
May

A man wearing a protective mask is seen inside the Shanghai Stock Exchange building, as the country is hit by a new coronavirus outbreak, at the Pudong financial district in Shanghai, China February 28, 2020. REUTERS/Aly Song - 

 

 

 

The number of China's new investors grew in April at its slowest pace in 13 months, hit by a lack of upside momentum for the stock market and persistent worries over policy tightening.

The number of new investors for the A-share market increased by 1.7 million in April, or 3.1per cent year-on-year, its slowest since March 2020, data from the China Securities Depository and Clearing Corporation Limited (CSDC) showed.

Total investors stood at 185.6 million by April, up 12.5per cent on the year, it added.

The benchmark CSI300 index closed up 2.4per cent on Friday, but was 14per cent off an all-time high hit on Feb. 18, as worries over lofty valuations, policy tightening and Sino-U.S. tension weighed on sentiment.

The index has been trading in narrow ranges since early March, when it tumbled as much as 17per cent from its record high, dampening investor appetite for equities.

Analysts and traders said the stock market would probably remain rangebound, given inflation worries and the central bank's tightening bias, thanks to a solid economic recovery from the coronavirus outbreak.

The central bank tightening will not be very strong in the short term, although inflation expectations will still dampen market sentiment to some extent, Vanho Securities analysts said in a note.

Chinese money and lending data on Wednesday showed bank lending and broader credit slowed more than expected in April as the central bank gradually scales back pandemic-drive stimulus//CNA

15
May

The entrance gate of Changi Prison. (File photo: Singapore Prison Service) - 

 

 

 

About 5,000 inmates, staff and partners at Changi Prison will be tested for COVID-19 over the next few days after a cook working there was confirmed to have the infection.

All inmates' face-to-face visits and tele-visits will also be replaced by phone calls with effect from May 17 until further notice, the Singapore Prison Service (SPS) said on Saturday (May 15).

The cook who is a confirmed case is a contract staff working in the prison kitchen located at Institution A5 in Cluster A of Changi Prison, said SPS. He is employed by SATS Food Services.

The man, known as Case 63160, was reported as an unlinked community case by the Ministry of Health (MOH) on Friday. He is fully vaccinated.

The 39-year-old last reported to work on Wednesday. He felt unwell after work, developing a fever and runny nose, and sought medical treatment at a general practitioner clinic where he received a polymerase chain reaction (PCR) test for COVID-19. His test result came back positive the next day.

SPS said it immediately ceased kitchen operations at Institution A5 and started contact tracing among staff and inmates upon confirmation of his infection.

All close contacts of the man have been isolated or placed in quarantine pending issuance of a quarantine order, said the service.

Affected inmates will serve their quarantine orders in prison, isolated from the rest of the inmate population. Staff, vendors and volunteers will serve theirs at MOH's designated quarantine facility//CNA

15
May

People wearing protective face masks wait for the metro amid the COVID-19 pandemic in Taipei on May 11, 2021. (File photo: Reuters/Ann Wang) - 

 

 

Taiwan raised its COVID-19 alert level on Saturday (May 15) in its capital, Taipei, and the city around it, bringing curbs for a period of two weeks that will shut many venues and restrict gatherings in the wake of 180 new domestic infections.

The new rules will not mean that offices, schools or restaurants have to close, but will cause the shutdown of cinemas and other entertainment spots, while limiting family get-togethers to five people indoors and 10 outdoors.

Taipei's government has already ordered bars, nightclubs and similar venues to shut.

Since the pandemic began, Taiwan has reported fewer than 1,500 cases among a population of about 24 million, most of them imported from abroad, but a recent rise in community transmissions has spooked residents.

The island has never gone into a full lockdown, and its people are used to life carrying on near normal, despite the pandemic ranging in many other parts of the world.

Late on Friday, several universities, including the elite National Taiwan University, said they would immediately switch to remote learning, telling students to stay away from campuses.

"As COVID-19 is still wreaking havoc, please be reminded to wear a mask at all times when you go out, wash hands frequently and keep appropriate social distancing," National Taiwan University said in a statement.

The Taipei Fine Arts Museum, outside which people have queued for a hugely popular exhibition by Japanese artist Shiota Chiharu that opened this month, said it would close from Saturday to comply with the city's COVID-19 prevention rules.

"The re-opening date will be announced according to the epidemic situation and city regulations," it said.

Taipei's National Palace Museum, home to one of the world's best and most extensive collections of Chinese art, said it too would close from Saturday//CNA

15
May

Funding for new coal projects drying up fast in Southeast Asia as climate pressures mount - 

 

 

An exodus of financing for new coal projects in Southeast Asia is heaping pressure on new regional coal power projects and the companies and governments hoping to persist with burning fossil fuels for energy. 

The Asian Development Bank (ADB) delivered yet another blow to regional coal financing when it announced last Friday (May 7) that it would conditionally cease funding new coal-fired power stations as well as coal mining and oil and natural gas production and exploration.

It follows a raft of Southeast Asian banks and development banks and export credit agencies (ECAs) from China, Japan and South Korea pulling their support for dirty energy generation, as ambitious climate change targets filter through the sector.

“The money is drying up. Coal financing has fled, globally. Insurance, debt, equity, everywhere. The last man standing was the ECA’s of China, Japan and Korea,” said Tim Buckley from the Institute for Energy Economics and Financial Analysis (IEEFA).

“If these banks all stop financing, coal is dead because coal is not bankable without government subsidised finance,” he said.

ADB announced a major - but expected - shift in policy following mounting demands for it to cease supporting projects not aligned with tackling climate change. 

"Coal and other fossil fuels have played a large part in ensuring access to energy for the region's economic development, but they have not solved the energy access challenge, and their use harms the environment and accelerates climate change," the bank said in its new draft energy policy, while not ruling out supporting natural gas projects in the future, under certain conditions.

The development bank said that it has invested US$42.5 billion in the energy sector across the region between 2009 and 2019, but last invested in a new coal plant eight years ago in Pakistan. Last month, it pledged to target US$80 billion in climate financing by 2030.

It follows pledges from the Japanese and South Korean governments to end or tighten the financing of overseas fossil fuel plants, which includes projects in the ASEAN region, as both countries upped their climate change target commitments last month.

Globally, coal funding is on life support - funding for new projects dropped in 2019 to the lowest levels seen in a decade. Yet Southeast Asia remains a holdout on the trend, contributing to the growth of a commodity fast reaching its expiry date.
It means that some countries will continue to persist with coal as long as they can. And despite all the financial headwinds, Fitch Solutions analysis does not predict coal demand to peak until 2028, and new coal projects still account for more than an estimated 40 per cent of total power capacity in Asia’s power project pipeline.

“Coal will remain the dominant generation source in the regional power mix, despite its share falling slightly over the coming decade,” said Sabrin Chowdhury, a senior commodities analyst at Fitch Solutions.

“This is largely due to several governments across the region retaining an ongoing commitment to coal, as it remains the most practical means to stimulate affordable electricity generation growth at the pace and scale needed by many emerging markets in the region at present,” she said//CNA

15
May

Maoula Jan, 52, who is British and originally from Afghanistan receives his second dose of the Pfizer coronavirus vaccine from volunteer vaccinator Steve Kriss, at a vaccine centre in the Swaminarayan School in Neasden, north London, Saturday, May 1, 2021. (Photo: AP/Matt Dunham) - 

 

 

Prime Minister Boris Johnson said on Friday (May 14) Britain would accelerate its COVID-19 vaccination programme, to try to contain a fast-spreading variant first identified in India that could knock a re-opening of the economy off track.

The United Kingdom has delivered one of the world's fastest inoculation campaigns, giving a first shot to almost 70 per cent of the adult population and a second to 36 per cent, helping to reduce infection rates and deaths.

But the emergence of the B16172 variant in parts of northern England and London has prompted some scientists to call for the reopening to be delayed, and a rethink on the speed of the vaccine rollout.

"I believe we should trust in our vaccines to protect the public whilst monitoring the situation very closely because the race between our vaccination programme and the virus may be about to become a great deal tighter," Johnson told a news conference.

He said the government would accelerate remaining second doses to the over 50s and those clinically vulnerable to just eight weeks after the first dose, and would prioritise first doses for those eligible who had not yet come forward.

Even so, the spread of the variant could disrupt Britain's progress out of lockdown, making it more difficult to move to the final stage of a staggered reopening of the economy in June, he said.

Johnson had aimed to lift all restrictions on Jun 21, after allowing people in England from Monday to hug again, meet in small groups indoors and travel abroad.

Chris Whitty, England chief medical officer, said there was now confidence that B16172 was more transmissible than the "Kent" variant that fuelled England's second wave of infections. He said B16172 could come to dominate in Britain.

Public Health England said on Thursday there had been 1,313 cases in England of B16172 in a week, more than double the previous week's figure, with four confirmed deaths.

Whitty said so far there had not been a significant increase in hospitalisations from the variant, which may be because more people had been vaccinated.

But both Johnson and Whitty said it was still early days, and scientists would need to scrutinise data over the next two or three weeks to truly see the impact of the variant.

Britain put India on a travel "red list" in April, meaning all arrivals from India - now suffering the world's worst wave of COVID-19 - would have to pay to quarantine in a government-approved hotel for 10 days.

Media reports at the time suggested that, because the quarantine requirement was announced four days in advance, many people had sought to fly beforehand. Britain has a large South Asian community.

Even with new variants, the government is likely to want to avoid repeating the regional curbs used last year, which ultimately failed to prevent two further national lockdowns.

At the national level, infections are still low, and fell for a fifth consecutive week in England, Office for National Statistics (ONS) figures showed on Friday//CNA

12
May

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A number of tenants of a high-end office block in Myanmar that the United Nations said is built on military-owned land have moved out or are reviewing their leases, including McKinsey, Coca-Cola and Reuters, the companies said.

Activist group Justice for Myanmar last month called on commercial tenants of the Sule Square complex of offices and shops in the heart of Myanmar's commercial hub of Yangon to stop indirectly supporting the army.

"Sule Square has big-name tenants that continue to lease office space in the building, indirectly supporting the army," Justice for Myanmar said in a report in which it identified 18 of the tenants.

Reuters approached all of the companies named in the report. Of the six that said they had moved or were reviewing office plans, only one cited the military link. Others cited various reasons including business prospects.

 

Business has collapsed in the Southeast Asian country since a Feb. 1 coup that prompted widespread protests and strikes, during which the army has killed hundreds of civilians and arrested thousands.

Opened in 2017 near the historic Sule Pagoda, Sule Square was developed by a local affiliate of Hong Kong listed Shangri-La Asia (0069.HK), which also manages the building and an adjacent hotel.

The site was leased from the military, according to a 2019 fact-finding mission established by the United Nations to investigate the army's economic interests, media and human rights groups.

As the basis for its conclusion that the land is owned by the military, the mission in its report cited what it called digital records. One of the authors of the report, human rights consultant Chris Sidoti, said the material had been archived and was not immediately available.

 

On Tuesday, Reuters made a request to the United Nations to get access to the records.

Shangri-La, which said in 2017 it had invested $125 million in the development, declined to comment on Reuters' questions about land ownership.

A spokesman for Myanmar's junta did not answer calls seeking comment. Reuters could not independently verify details of the land lease deal.

Myanmar's military, which directly ruled for almost 50 years after taking power in a 1962 coup, owns large tracts of land and controls conglomerates that span everything from mining to banking.

 

McKinsey & Company terminated its lease of serviced office space in Sule Square in early 2021, said Melissa Yeo, director of reputation and communications, Southeast Asia, at the consultancy, without elaborating.

In an emailed statement, Coca-Cola (KO.N) said it would not be renewing its lease when it ends in mid-June citing "changing business requirements".

When contacted for comment, a spokesperson for Reuters (TRI.TO), which was not one of the companies named in the report, said it is not currently using its Sule Square office and was reviewing its tenancy. The spokesperson did not comment on the building's possible military ties.

 

BUSINESS IMPACT 

Singapore-based private equity firm Emerging Markets Investment Advisors said it had moved out of Sule Square after its lease ended in March, while Norwegian fertiliser firm Yara said it had started looking for alternative office space.

Of the companies that said they had moved or were reviewing office space, only Yara (YAR.OL) cited the military ownership.

"We have only recently been made aware that the landlord is owned by a company who pays land lease to the military," said Josiane Kremer, director, external relations at Yara.

She did not elaborate on how Yara became aware of the ownership details.

 

Norwegian state-owned telecoms firm Telenor (TEL.OL) said it had been aware of the military-owned land under Sule Square before it moved in but it had picked the location due to factors such as safety.

Telenor did not comment on its future office plans nor did it elaborate on how it became aware of the ownership.

The World Bank, which also has an office in Sule Square, said it was "assessing the situation in Myanmar, according to internal policies and procedures". It did not elaborate on its plans.

French container shipping firm CMA CGM said it was "conducting further investigations" and Canadian realtor Colliers International Group Inc (CIGI.TO) said its Myanmar business was run by an independent franchisee and declined to comment further.

 

Japan's Sony Corp (6758.T) said it previously had a representative in Myanmar but its office had closed "due to the local situation" and it now sold only through distributors.

Several other groups named in Justice for Myanmar's report, including the American Chamber of Commerce in Myanmar and British insurer Prudential either did not respond to a request for comment or declined to comment.

The University of Reading and Mastercard were named in the Justice for Myanmar report but told Reuters they did not rent offices in Sule Square. Reuters could not independently confirm that. (Reuters)

12
May

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Myanmar's army needs to cooperate to end the crisis since the Feb. 1 coup and Southeast Asian countries should keep pressing it to show restraint and start dialogue with its opponents, Singapore's foreign minister said on Tuesday.

Members of the Association of Southeast Asian Nations (ASEAN) said after meeting junta leader Min Aung Hlaing last month they had reached consensus on five points including an end to violence, talks between Myanmar's rivals and a visit by an ASEAN envoy.

But the civilian death toll has continued to rise as the army tries to suppress protests. The junta has also said it will not agree to the envoy's visit before it restores stability and has branded its opponents as a terrorist group.

"This will not be an easy process. The cooperation of the Tatmadaw will be needed," said Singapore's foreign minister Vivian Balakrishnan in a response to parliamentary questions, using the widely used name for Myanmar's army.

 

"ASEAN will also have to continue to speak collectively to urge the Myanmar military authorities to uphold the consensus – particularly to exercise maximum restraint and begin meaningful dialogue with all parties concerned."

Balakrishnan's comments were one of the clearest public responses from an ASEAN country since Myanmar's army appeared to distance itself from the consensus at the meeting in Indonesia's capital.

A shadow National Unity Government set up by the junta's opponents has also voiced scepticism over the ASEAN deal and has said there can be no talks until thousands of political prisoners are freed - including elected leader Aung San Suu Kyi.

Balakrishnan said ASEAN should continue to call for the release of Suu Kyi and others.

 

Some of ASEAN's 10 countries have urged the junta in Myanmar - a member state - to free the political prisoners. But freeing prisoners was not part of the consensus agreed at last month's meeting.

The United Nations human rights body said on Tuesday that more than 780 people had been killed by the army since the coup. (Reuters)

12
May

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The Philippines has detected its first two cases of a coronavirus variant first identified in India, its health ministry said on Tuesday, even as confirmed daily COVID-19 infections fell to a near eight-week low.

The World Health Organization has classified the coronavirus variant, known as B.1.617, as a variant of global concern with some preliminary studies showing that it spreads more easily. read more

The variant had been confirmed in two Filipino seafarers who returned in April, Alethea De Guzman, director of the ministry's epidemiology bureau, told a news conference

"We need to continually monitor what other variants we may be able to detect locally, as well as monitor the spread of the variants we have already detected," De Guzman said, adding that the seafarers were isolated on their return and had both recovered.

 

Separately, the health ministry reported on Tuesday 4,734 new coronavirus infections, the lowest single-day tally since March 17, bringing total cases to more than 1.11 million.

The number of daily infections in the Philippines, which is battling one of the worst outbreaks in Asia, has fallen from a peak of 15,310 on April 2, but has stayed above the daily average of roughly 1,700 cases for 2020.

The drop in cases, if sustained, will buoy hopes that tougher restrictions imposed on March 29 will be relaxed to help the economy, which contracted 4.2% in the first quarter.

In a bid to prevent the entry of variants, the Philippines has temporarily barred travellers coming from India, Pakistan, Sri Lanka, Nepal and Bangladesh from entering the country.

 

Indonesia and Malaysia this month reported the first cases of the B.1.617 coronavirus variant. The Philippines has also previously recorded cases of a variant first detected in Britain and another first discovered in South Africa, as well as a homegrown P.3 variant.

The Philippines has the second-highest number of COVID-19 cases and casualties in Southeast Asia, next to Indonesia. (Reuters)