Singapore couple challenge annulment of marriage after sex change

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Prime Minister Lee Hsien Loong
Prime Minister Lee Hsien Loong

Singapore couple challenge annulment of marriage after sex change

ASEAN+ April 02, 2018 14:36

By Agence France-Presse
Singapore

A Singaporean couple have launched a legal challenge after authorities annulled their marriage because the husband underwent a sex change, a lawyer said Monday.

The city-state voided the marriage last year, saying the operation made their partnership a same-sex union that is illegal under Singapore law.

Singapore is a modern and vibrant society in many ways but attitudes towards homosexuality are still conservative and Prime Minister Lee Hsien Loong has said the country is not yet ready for same-sex marriage.

The couple, Faith and Bryce Volta, married as man and woman in 2015, the Straits Times newspaper reported.

Faith, the husband, then underwent sex change surgery and updated her national identity card to read “female”, the paper said.

Six months later the government’s Registrar of Marriages met the couple to discuss the sex change and later informed them the marriage would be annulled.

The couple have now asked the High Court to review the decision taken by the registrar, confirmed lawyer Eugene Thuraisingam, whose law firm is representing them for free.

Authorities previously cited the country’s laws which state marriage is a union between a man and a woman as the reason for annulling the union.

Singapore maintains legislation dating back to British colonial rule making sex between men a criminal act, although it does not actively enforce the law.

Nevertheless support for gay rights is growing due to more relaxed views among the younger generation and the large expatriate community.

Wira – the choice of car thieves

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Wira – the choice of car thieves

ASEAN+ April 02, 2018 14:33

By Petaling Jaya – The Proton Wira, which has little value in the used car market, is surprisingly a hot item among thieves.

The Star Asia News Network

Last year, statistics showed this model was number one on the stolen cars list. A total of 654 cars were reported stolen.

General Insurance Association of Malaysia (PIAM) chief executive Mark Lim said the cars were definitely stolen for the parts.

“We believe the stolen vehicles were cannibalised and the parts sold as production of spare parts for this model has been stopped and the parts are difficult to obtain in the market,” he said in an interview with The Star.

A Proton spare parts dealer in Jalan Ipoh in Kuala Lumpur said many of the Wira’s interior items are no longer in production.

These include the dashboard, instrument panel, control panels, cushions, speedometer, handbrake lever, steering and other smaller items inside the car.

“The parts are scattered and difficult to find in the market. Even if they are available, the items could be the last few from the old stock.”

He said many Proton Wira spare parts were becoming more difficult to find as the items were no longer in production.

The industry, he said, had been told by Proton Wira spare parts manufacturers that the company planned to cease the production of parts for this model by the year’s end as it is no longer economically viable to make it.

The only option, he said, was to find the spare parts at the “potong-kereta” outlets. Proton Wira was produced between early 1993 and June 2009.

In its 16 years production, 952,216 units were sold. It has been estimated that at least 85% of the models are still on the road.

A second-hand car dealer, James Lim, said a Proton Wira in good condition could fetch between RM2,000 and RM4,500 each, depending on the year the car was manufactured and its model – either automatic or manual, hatchback or saloon.

“The value of the model offered by second-hand dealers is definitely much lower than the market price. Some dealers are only offering as much as RM1,000 for the model.”

He said many second-hand dealers were reluctant to trade this model as they found it difficult to dispose of the vehicles as buyers have to pay cash for the car.

“The model is too old, spare parts are difficult to find and banks have refused loans. Even many insurance companies would not want to insure the vehicles. If they do, Proton Wira car owners have to pay a higher premium and additional loading for it,” he said.

He said the model had been tagged as “high-risk cars for the second-hand market”.

However, a Sungai Besi junkyard operator, who only wanted to be identified as Lim, said the model still had value, either as scrap metal or second-hand parts.

A Proton Wira could fetch between RM5,000 and RM7,000 if the vehicle was cannibalised.

The gearbox and engine alone can fetch between RM1,000 and RM2,500 each, depending on its model and year the vehicle is ma­­nufactured.

“The speedometer and other gadgets on the dashboard can fetch good prices as many are no longer or easily available in the market,” he said.

The entire original seats, if in good condition, could be disposed of for RM200 a set.

The junkyard operator said Proton Wira spare parts were considered a hot item in the second-hand market as there are still many cars of this model on the road.

“It was one of the robust cars, where many of its parts and engines were directly imported from Japan, to be assembled locally when it was first introduced to the market.”

Businessman and wife admit to threesome with dead Dutch model

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  • File photo : Ivana Esther Robert Smit

Businessman and wife admit to threesome with dead Dutch model

Breaking News April 02, 2018 14:20

By The Star
Asia News Network

19,712 Viewed

Petaling Jaya – The American Businessman and his Kazakh wife who were last seen with Ivana Esther Robert Smit, admitted to having a threesome with the Dutch model who was found dead on Dec 7 last year.

Alex Johnson, 44, and his wife Luna, 31, admitted that they had sex with Smit three weeks earlier and on the day she was found dead. Smit had fallen to her death from the balcony of an apartment in Jalan Dang Wangi.

The Johnsons also admitted in an interview with British tabloid Daily Mail that all three of them had been drinking heavily and that Ivana had been taking drugs.

The couple had met Smit at a nightclub in Kuala Lumpur in October last year, where they were introduced by a mutual acquaintance.

“She asked me to stand up and dance with her. We weren’t kissing, but we were doing sexy moves,” said Luna.

“She was beautiful, charming, confident. I was already melting,” added Luna.

The three of them even set up a WhatsApp group among themselves, which contained explicit flirting.

They had a threesome in a five-star hotel in November. On the day Smit was found dead, the three had been out all night partying before coming back in the wee hours of the morning.

The Johnsons’ daughter got up and Luna says she and Smit had breakfast with her.

“Ivana was hammered. I kept talking to her as I got my daughter ready for school. Ivana lay down while I took her there,” said Luna who went out for about 30 minutes.

Luna said she returned, her husband and Smit were on their bed, although Johnson was asleep.

After that, both Luna and Smit got intimate, before Luna went back to her bedroom where she lay down with her husband. When she came out of the room at about 10am, she found Smit  ‘wandering around, talking to herself and giggling.

“I was so tired after all this partying. At 10.15 I went back to the bedroom. When my head hit the pillow, I passed out,” said Luna.

Luna said she then woke at 1.25pm and saw that Ivana’s clothes, shoes, bag and phones were in the lounge/kitchen, but thought she had vanished for a photoshoot. The Johnsons were then woken up by the police at 5pm.

The Johnsons have maintained innocence in the matter, saying that there were footprints on the balcony and on to the top of the air-conditioning units.

Johnson said he has received numerous death threats since the murder claim was publicised, and claimed there was even an attempt to kidnap his five-year-old daughter:

“A man phoned our nanny, Maha, saying he was Luna’s father and would be picking her up from school. Luna’s father died before she was born.”

“We never intended to make the details of our marriage public. Now we fear our own lives are in danger, and we have no choice,” he said.

On Sunday, Smit’s family lawyer also told Dutch newspaper De Telegraaf that the teen had sex in the hours prior to the discovery of her body.

According to an online portal, he said this was based on “new information” that was corroborated by the findings from the second post-mortem conducted on Smit in the Netherlands.

Lawyer Sébas Diekstra added that pathologist Dr Frank van de Goot, who carried out the second autopsy, had previously detailed finding “male DNA” in Smit’s body and held the opinion that it likely occurred in the last hours of her life.

“In the Netherlands, you can be prosecuted if you commit sexual acts on someone who is unconscious or under reduced consciousness,” Diekstra told the daily.

De Telegraaf also reported that Smit family spokesman Fred Agenjo believed his niece was not in control of herself nor her actions in the hours before her death.

“There were huge amounts of drugs found in Ivana’s body. She was no longer competent.

“If anyone still had sex with an 18-year-old girl who was in that condition, that’s not good. They should stay away from someone under such circumstances,” he was quoted as saying.

Kim Jong Un attends rare concert by South Korean pop stars

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  • North Korean leader Kim Jong-Un (2nd line C) and his wife Ri Sol-Ju (2nd line 6th L) posing with South Korea’s Culture, Sports and Tourism Minister Do Jong-whan (3rd line 3rd R) and South Korean musicians after a rare concert by SK musicians.//AFP
  • North Korean leader Kim Jong Un (L) and South Korea’s Culture, Sports and Tourism Minister Do Jong-whan (R) during a rare concert by South Korean musicians at the 1,500-seat East Pyongyang Grand Theatre in Pyongyang on April 1.//EPA-EFE
  • orth Korean leader Kim Jong Un (centre L) speaking to South Korean musicians as his wife Ri Sol-Ju (far L) and South Korea’s Culture, Sports and Tourism Minister Do Jong-whan (centre R) look on,.//AFP

Kim Jong Un attends rare concert by South Korean pop stars

ASEAN+ April 02, 2018 10:12

Seoul – North Korean leader Kim Jong Un Sunday attended the first concert in Pyongyang for over a decade by South Korean entertainers, including a K-pop girlband, the latest gesture of reconciliation before a rare inter-Korean summit.

The visit, described by many as a cultural charm offensive by the South, came as a diplomatic thaw quickens on the peninsula after months of tensions.

The 120-member group — 11 musical acts as well as dancers, technicians and martial artists — gave one concert on Sunday with another set for Tuesday.

Kim and his wife, a former singer herself, came to watch Sunday’s show, making him the first leader of the North to attend a concert by South Korean performers.

Kim shook hands and took photos with the stars backstage, saying inter-Korean cultural events should be held more often and suggesting another event in the South Korean capital this autumn, pool reports said.

The young couple were seen clapping their hands during the two-hour event — also attended by Kim’s powerful sister, Kim Yo Jong, and ceremonial head of state Kim Yong Nam.

“Please tell (South Korean) President Moon Jae-in how great an event like this is… I am grateful for a gift like this (concert) to the people of Pyongyang,” Kim told visiting Seoul officials.

Kim also showed “great interest in the songs and lyrics (of South Korean singers) during the concert,” Do Jong-hwan, Seoul’s culture chief and the head of the delegation, told reporters.

The South’s taekwondo athletes also staged a performance before an audience of 2,300 in Pyongyang on Sunday ahead of a joint display of the Korean martial art with the North’s practitioners on Monday.

The ongoing rapprochement was triggered by the South’s Winter Olympics, to which the North’s leader Kim Jong Un sent athletes, cheerleaders and his sister as an envoy.

A North Korean art troupe staged two performances in the South in February to celebrate the Games.

Kim followed up by agreeing to a summit with Moon, and offering a face-to-face meet with US President Donald Trump. Kim also met Chinese President Xi Jinping in Beijing last week during his first overseas trip.

The inter-Korean summit, the third after meetings in 2000 and 2007, will be held on April 27. No date has been set for the US-North Korean summit although it is expected before the end of May.

In another sign of eased tensions, an annual US-South Korean military exercise which got under way in the South Sunday will last for just one month compared to some two months normally.

This year’s drills feature fewer strategic weapons such as nuclear-powered aircraft carriers, Seoul’s military has said. Such deployments during past drills has frequently drawn an angry response from Pyongyang.

 

– ‘Let’s do our best’ –

 

Sunday’s concert to a packed audience at the elaborately decorated 1,500-seat East Pyongyang Grand Theatre ended with a standing ovation after a finale in which all the stars appeared on stage to sing a song about unification.

One of the most closely watched acts was Red Velvet, part of the South’s hugely popular K-pop phenomenon that has taken audiences in Asia and beyond by storm in recent decades.

Before the concert, even the leader Kim joked: “There was so much interest in whether I’d come to see Red Velvet or not.”

The five-member girlband — known for its signature K-pop mix of upbeat electronic music, stylish fashion and high-voltage choreography — performed two of their hits, “Bad Boy” and “Red Flavour”.

“The North’s audience applauded to our performance much louder than we expected and even sang along to our songs… it was a big relief,” band member Yeri told reporters.

“I told myself, ‘let’s do our best even if there’s no response (from the audience)… but they showed so much reaction,” added a member called Wendy.

Another member, Seulgi, appeared red-eyed as she bid farewell to the audience at the end of the concert, apparently overcome with emotion.

 

– ‘Maze of Love’ –

 

Despite the North’s isolation and strict curbs on unauthorised foreign culture, enforced with prison terms, K-pop and South Korean TV shows have become increasingly popular there thanks to flash drives smuggled across the border with China.

The emcee of Sunday’s concert was a popular member of K-pop band Girls’ Generation, Seohyun, who had performed with the visiting North Korean singers during their Seoul concert in February.

Legendary South Korean singer Cho Yong-pil, who held a solo sell-out concert in Pyongyang in 2005, was another star of the show.

Kim’s late father and longtime ruler, Kim Jong Il, was known to be a fan of the 68-year-old Cho.

Another famous singer, Choi Jin-hee, also performed for the fourth time in the North and sang “Maze of Love” — a hit in both Koreas and another of the late Kim’s favourites.

But not all onlookers were receptive to the K-pop offensive.

During the taekwondo event, a previously-enraptured audience turned stone-faced during a performance combining K-pop dance and Taekwondo routines to a hit song by the ultra-popular boyband BTS.

The stiffened crowd refused to respond to the athletes who asked them to clap their hands to “Fire” — an intense electro-dance score peppered with rapid-fire rap delivered in both Korean and English. //AFP

Baby who lost an eye, new symbol of Syria’s woes, arrives in Turkey

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Baby who lost an eye, new symbol of Syria’s woes, arrives in Turkey

ASEAN+ April 02, 2018 07:32

By Agence France-Presse
Ankara

A baby boy who lost an eye in a Syrian regime air raid has arrived in Turkey, after his plight was highlighted by social media, the Turkish Red Crescent said.

“Alhamdulillah (Praise be to God… baby Kerim is safe now,” Kerem Kinik, head of the Turkish Red Crescent tweeted.

The child, who was just five weeks old when he was injured, will “survive on behalf of all innocent children of Syria” and “remind us that we have a conscience as humanity,” he added.

President Recep Erdogan personally greeted little Karim Abdallah, now six months old, and surviving members of his family after their arrival in the Turkish border province of Hatay, according to Turkish media.

Karim lost his left eye in an air raid last October, in the opposition-held area of Eastern Ghouta, which also killed his mother.

The damage to his frontal lobe and left eye will likely leave him suffering long-term effects, said the brain surgeon who treated him and who identified himself as Abu Jamil.

“The frontal lobe plays an essential role in a human being’s comprehension, intelligence, and memory,” said the 50-year-old doctor who added that it could be “treatable with behavioural and cognitive therapy and cosmetic surgery, but not in Ghouta”.

A final deal appeared to have been reached Sunday for fighters and civilians to leave the last opposition-held area of Eastern Ghouta, paving the way for Syria’s regime to retake all of the one-time rebel enclave near Damascus.

More than 45,000 rebels and their families have been evacuated from Eastern Gouta since March 22 to be relocated in Idlib, according to Syrian authorities.

Two degrees no longer seen as global warming guardrail

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Two degrees no longer seen as global warming guardrail

ASEAN+ April 02, 2018 07:04

By Agence France-Presse
Paris

Limiting global warming to two degrees Celsius will not prevent destructive and deadly climate impacts, as once hoped, dozens of experts concluded in a score of scientific studies released Monday.

A world that heats up by 2C (3.6 degrees Fahrenheit) — long regarded as the temperature ceiling for a climate-safe planet — could see mass displacement due to rising seas, a drop in per capita income, regional shortages of food and fresh water, and the loss of animal and plant species at an accelerated speed.

Poor and emerging countries of Asia, Africa and Latin America will get hit hardest, according to the studies in the British Royal Society’s Philosophical Transactions A.

“We are detecting large changes in climate impacts for a 2C world, and so should take steps to avoid this,” said lead editor Dann Mitchell, an assistant professor at the University of Bristol.

The 197-nation Paris climate treaty, inked in 2015, vows to halt warming at “well under” 2C compared to mid-19th century levels, and “pursue efforts” to cap the rise at 1.5C.

UN Secretary-General Antonio Guterres on Thursday said climate change was “the most systemic threat to humankind”.

Time to adapt

With only one degree of warming so far, Earth has seen a crescendo of droughts, heatwaves, and storms ramped up by rising seas.

Voluntary national pledges made under the Paris pact to cut CO2 emissions, if fulfilled, would yield a 3C world at best.

The treaty also requires that — by the end of the century — humanity stop adding more greenhouse gases to the atmosphere than oceans and forests can absorb, a threshold known as “net zero emissions”.

“How fast we get to a 2C world” is critical, Mitchell told AFP.

“If it only takes a couple of decades, we will be in trouble because we won’t have time to adapt to the climate.”

Among the conclusions found in the new studies:

Economic growth

Researchers led by Felix Pretis, an economist at the University of Oxford, predict that two degrees of global warming will see GDP per person drop, on average, 13 percent by 2100, once costly climate change impacts are factored in.

A 2C world will also “show significant negative impact on the rates of economic growth,” Pretis told AFP. Under a 1.5C scenario, he added, growth projections “are near indistinguishable from current conditions.”

Rising seas

Under a 2C scenario, oceans rise about half a metre over the course of the 21th century, but well over a metre by 2300, another study found.

“When the planet warms, it takes the ocean hundreds, if not thousands, of years to fully respond,” lead author Rober Nicholls, a professor of coastal engineering at the University of Southampton, told AFP.

That’s bad news for 500 million people living in “highly vulnerable” low-lying deltas, mainly in Asia, along with some 400 million people in coastal cities, many of which are already sinking due over-construction or collapsing water tables.

Even in a 2C world, the number of people affected year by flooding could approach 200 million by 2300, the study calculated.

Food, water stress

Two degrees of warming would spare humanity much misery compared to our current trajectory, but would still lead to increased drought, flooding, heatwaves and the disruption of weather patterns.

Some regions will be hit worse than others, as will countries with rainfall-dependent agriculture, a team by Richard Betts, head of climate impacts research at the University of Exeter found.

The countries that show “the greatest increase in vulnerability to food insecurity when moving from the present-day climate to 2C global warming are Oman, India, Bangladesh, Saudi Arabia and Brazil,” he told AFP.

1.5C vs. 2C

A draft “special report” by the UN climate science panel to be unveiled in October, obtained by AFP, concludes that “holding warming at 1.5C by the end of the 21st century (is) extremely unlikely.”

At current rates, the greenhouse gas emissions putting that goal out of reach will have been released within 10 to 15 years.

Meanwhile, CO2 emissions — after remaining stable for three years, raising hopes that they had peaked — rose by 1.4 percent in 2017, the International Energy Agency said this week.

But every tenth-of-a-degree counts, said Mitchell.

“Even if we can’t limit global temperature increase to 1.5C, but can limit it to 1.7C or 1.8C, this is still hugely more beneficial than just giving up,” he told AFP.

“We can still keep temperatures well below 2 degrees,” said Myles Allen, a professor of geosystem science at the University of Oxford a co-author on several of the studies.

But doing so requires that “we start now and reduce emissions steadily to zero in the second have of the century,” he told AFP.

AEC Feed

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AEC Feed

ASEAN+ April 02, 2018 01:00

By Asia News Network

Ride-hailing companies meet Jokowi as drivers protest payments

Grab Indonesia, a ride-hailing application provider, is planning to take measures to increase the income of its drivers in response to their protests last week.

“We will study this. We all agree to make a joint effort to increase the income [of the drivers],” said Grab Indonesia managing director Ridzki Kramadibrata at the Presidential Palace in Jakarta on Wednesday as reported by kontan.co.id.

Ridzki and a representative of Go-Jek, another ride-hailing application provider, were at the palace at the invitation of Presidential chief of staff (KSP) Moeldoko to discuss the issue, following a meeting between President Joko “Jokowi” Widodo and representatives of the protesting drivers last Tuesday.

Jokowi received the drivers’ representatives after thousands of drivers hit the streets on Tuesday morning to demand the tariff increase, which was 1,600 rupiah (Bt3.6) per kilometre.

During the meeting, Jokowi promised mediation between the drivers and the ride-hailing application providers.

Riszki said he would soon announce the results of the study and get ready to talk to government officials.

“The government has shown goodwill by asking us to negotiate [with the drivers]. We have already understood the problem. It is about income. But the drivers have to understand that tariffs are not the only factor in increasing their incomes,” he said.

Meanwhile, Moeldoko said the drivers demanded the tariff be increased to 4,000 rupiah per km from 1,600 rupiah.

He said the Transportation Ministry had also made calculations about the new tariffs that would be proposed in the mediation meeting. – The Jakarta Post

Malaysian importers ordered to dispose of sub-standard appliances

Four importers of home electrical appliances have been ordered to dispose of products for failing to meet safety requirements, including not having a SIRIM label. More than 10 types of microwaves of various brands, cooker hoods, four types of washing machines and dryers worth more than 100,000 ringgit (Bt808,000) were destroyed in Shah Alam and Puchong warehouses.

The Energy Commission of Malaysia issued the orders failure to meet electrical requirements including some without the label of SIRIM, a premier industrial research and technology organisation in Malaysia.

Kosium Trading (M) Ltd Co imported microwave from Italy that failed screening test conducted by SIRIM as one of the parts in the certificate of approval was not listed under a safety test report.

The washing machine and dryer imported by Signature Obicorp Co Ltd also did not meet the requirement as parts used in the products differed from the sample listed in the safety report.

The commission said cooker hoods imported by BSH Home Appliances from Germany failed to secure certification from the importer.

Lee Hin Company was ordered to destroy a total of 174 electrical items including blenders, microwaves, refrigerators, cookers, electrical pots, hot pots, irons, rice cookers, vacuum cleaners and washing machines. The products valued above 30,000 ringgit were imported from China and have since kept in a warehouse in Shah Alam.

The electrical safety monitoring unit under SIRIM said all imported electrical products are to have certificates of approval and abide by relevant requirements. The parts of electrical items are to be similar to those stated in the safety test report.

Electrical items without safety labels are not allowed to be sold in the Malaysian market. They are either sent back to the country that produced the items or disposed of. If those products have been sold to consumers, the importer would have to call back the products through advertisement placed in newspapers. – Sin Chew Daily

VN ranks 7th in world in consumer confidence

Vietnamese consumer confidence finished 2017 on a high note, nudging the country into ranking as the 7th most optimistic country in the world.

According to the Conference Board Global Consumer Confidence survey, consumer confidence in Vietnam in Q4 2017 decreased by one point compared to the previous quarter to 115 points.

“Overall, we saw a stable and high confidence level among the Vietnamese consumers throughout 2017,” said Nguyen Huong Quynh, managing director, Nielsen Vietnam. Nielsen collaborated in the conference board’s survey.

According to Quynh, the optimism of the Vietnamese consumers can be attributed to the good momentum of economic growth across industries, combined with positive signals of foreign investment flows, increasing household income and growth-oriented Government policies.

Besides this, Quynh said, the consistent trend could be influenced by the build-up of positive sentiment towards personal finance status as well as immediate spending intentions in recent years.

Consistent with many past quarters, after covering essential living expenses, the Vietnamese consumers in the fourth quarter of 2017 were eager to spend on big-ticket items to enhance the quality of life. Nearly half of the consumers were willing to spend their spare cash on new clothes (49 per cent) and vacations (44 per cent). Some two in five persons spent on new technology products (40 per cent), out-of-home entertainment (41 per cent) and home improvements (42 per cent).

However, the Vietnamese consumers still had a strong affinity towards saving. Close to three-quarters of the population (72 per cent) put their spare cash into savings (compared to 66 per cent in the previous quarter). The report also revealed that saving was an integral part of Southeast Asian consumer choices, with 66 per cent of the respondents putting their spare cash into savings.

In this quarter, the top five concerns among the Vietnamese consumers remained the same as in the previous quarter. Job security continued to top the list (46 per cent), followed by health (40 per cent), work/life balance (27 per cent), the economy (21 per cent) and parents’ welfare and happiness (19 per cent).

“It is observed that there was a little movement in the concern for job security and state of economy. These concerns slightly strengthened in the last quarter of 2017, which can make consumers cautious about their spending habits and thus motivate them to curb their daily expenses,” Quynh said.

Besides, she noted, as consumers wanted to strive for a better life and had high aspirations of securing their children’s future, owning a house or high-tech products and having more frequent local or overseas holidays, the feeling of cautiousness in spending was likely to continue, which could make them save more and prioritise their spending. — Viet Nam News

Banks on alert after Malaysians foil cyberheist

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Banks on alert after Malaysians foil cyberheist

ASEAN+ April 02, 2018 01:00

By Philippine Daily Inquirer
Asia News Network
Manila

THE PHILIPPINES’ financial system was put on to heightened alert against laundered cash just as the country entered into its long Easter holidays, at the request of the Malaysian central bank, which said it had foiled a major cyber heist attempt last week.

In a press statement late on Thursday, the Bank Negara Malaysia said it had detected and stopped “a cybersecurity incident involving attempted unauthorised fund transfers using falsified Swift messages”.

The plot is reminiscent of the $1-billion (Bt31 billion) hack on the Bangladeshi central bank in 2016, of which $81 million found its way into the Philippine financial system.

Bangko Sentral ng Pilipinas (BSP) governor Nestor Espenilla Jr sounded the alarm to the Bankers Association of the Philippines on Wednesday after receiving the alert from his Malaysian counterparts.

He noted parallels in the modus operandi of the foiled hack attempt on the Bank Negara last week and the successful one on the Bangladeshi central bank two years ago.

“Hackers tend to take advantage of long holidays anywhere in the world, similar to the timing when they hit Bangladesh Bank,” he said, referring to the original incident in 2016, which was hit just ahead of a three-day Chinese New Year weekend.

Back then, investigators noted that hackers – now widely suspected to be acting on behalf of North Korea – used the long weekend, when bank transactions are processed with less scrutiny, to move the stolen Bangladeshi funds to the accounts with the Rizal Commercial Banking Corp.

“We now take extra precautions during such long holidays as standard operating procedure,” the BSP chief said. “The Bank Negara Malaysia incident is another reminder of need for vigilance.”

Espenilla said that, based on preliminary reports, there was no indication that the hackers would have laundered any stolen funds in the Philippine financial system had their plot been successful.

“The Bank Negara just sounded general alert to the central banking community,” he said, explaining the BSP’s precautionary alert bulletin to local banks. “In turn we alerted our own banking community. These are all in line with our international cooperation protocol.”

The Malaysian central bank did not disclose how much the hackers tried to steal through the Swift international transaction system – the same method used during the Bangladesh Bank attack. However, it said that “all unauthorised transactions were stopped through prompt action in strong collaboration with Swift, other central banks and financial institutions”.

“The bank did not experience any financial loss in this incident,” the Bank Negara said. “There was also no disruption to other payment and settlement systems that the bank operates.”

It added that it is now conducting a comprehensive investigation in collaboration with local and international law-enforcement agencies into this incident.

“The bank is pleased to note that, to date, all risk-control measures in place are effective to curtail this incident,” the Malaysian financial regulator said.

“However, the bank has taken additional safeguards to protect its stakeholders. The bank will also remain on high alert and always be on a state of readiness as future incidents will likely involve a higher degree of sophistication and design.

“Financial institutions are also advised to be vigilant of the heightened risk in cybersecurity and continue to strengthen their security safeguards against these incidents,” the Malaysian central bank said.

Energy and mines growth boost Lao

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/asean-plus/30342215

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Energy and mines growth boost Lao

ASEAN+ April 02, 2018 01:00

By Vientiane Times
Asia News Network

THE LAO government says the country will earn increased revenues from the energy and mines sector this year on the back of continued growth.

Laos has 53 hydropower plants with installed capacity of 7,082 megawatts (MW) that are able to generate 37,028 million kilowatt hours (kWh) of electricity a year.

“Another 47 plants are under construction or about to start construction and all are expected to be functioning in 2020-2021. Then the country will comprise 100 hydropower plants with an installed capacity of 13,062MW and be able to generate 66,944 million kWh a year,” Energy and Mines Minister Dr Khammany Inthirath reported at the annual energy and mines sector meeting in Vientiane last week.

“However, around 85 per cent of the total will be exported,” he said

As development and the economy expands, Laos still needs more electricity for domestic supply especially in special and specific economic zones, the Laos-China railway project, mining and processing, energy construction projects and SMEs promotion as well as infrastructure development, rural development and communication projects.

In the next five years, the government expects the demand for electricity in the industrial sector to cover about 50-60 per cent of the total demand, Khammany said.

The government has also signed cooperation agreements for feasibility studies in electricity trading with neighbouring countries Thailand, Vietnam, Cambodia, Myanmar and China.

Laos has agreed to sell 9,000MW of electricity to Thailand, and is currently able to export 4,260MW and will supply 7,000MW in 2020 and 9,000MW by 2025, Khammany said.

The country’s feasibility study agreement for electricity trading with Vietnam is for about 5,000MW and at present the country exports around 250 MW annually which is expected to increase to 1,000MW in 2020, 3,000MW in 2025 and 5,000 by 2030, he noted.

The country also agreed to sell 100MW of electricity to Malaysia via Thailand and is now able to supply 100 per cent under a model project for other Asean countries which includes plans for sales to Singapore by 2020.

The government also agreed to assign electricity via 22kV and 115kV systems to Cambodia and Myanmar as well as continuing to develop transmission lines and stations in order to ensure domestic supply and exports, Khammany said.

“At present, 95 per cent of households around the country have access to electricity and 88 per cent of villages are using electricity,” he added.

The minister noted that the mines sector was also developing following effective green and sustainable policies.

Ore production from mining investment projects approved by the central government reached 10.4 trillion kip (about Bt39 billion) last year, an increase of 6 per cent compared to 2016.

Philippines eyes bond float to fund agri projects

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/asean-plus/30342214

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Philippines eyes bond float to fund agri projects

ASEAN+ April 02, 2018 01:00

By PHILIPPINE DAILY INQUIRER
ASIA NEWS NETWORK
MANILA

THE PHILIPPINE government is planning to issue bonds to raise funds for the completion of the Department of Agriculture’s farm-to-market roads (FMRs) and its farm and fisheries mechanisation programmes, Agriculture Secretary Emmanuel Pinol said.

Speaking at the Philippine Agricultural Journalists (PAJ) awarding ceremonies where he was guest speaker, Pinol said that a bond flotation was necessary to complete the agency’s network of FMRs before the end of President Duterte’s term.

He said the agency would need 140 billion pesos (Bt83.66 billion) to finish some 13,000 kilometres of FMRs all over the country, while another 60 billion pesos (Bt35.86 billion) would be required to finance the mechanisation of farms and fishing communities nationwide.

Pinol said the proposed bond issue was already welcomed by Finance Secretary Carlos Dominguez III and Bangko Sentral ng Pilipinas governor Nestor Espenilla, along with Eastern Samar representative Ben P Evardone, who chairs the House of Representatives’ bank and finance committee.

“Both [Dominguez and Espenilla] said that the measure would utilise the vast resources of private and commercial banks that are required by law to lend 25 per cent of their loan funds to the agriculture and fisheries sector,” Pinol said.

“Mechanisation will cut down post-harvest losses especially in rice and corn, and even in the fish catch.

“The country loses 16 per cent of its grains harvest because of the lack of post-harvest facilities while 40 per cent of the fishermen’s catch is spoiled because of the absence of ice-making plants and cold storage,” he added.

Evardone added that the proposed bond flotation would allow banks to comply with the agri-agra law that requires them to set aside 25 per cent of their loanable funds for agricultural and agrarian reform financing.

At present, banks lend little to the farm sector. To comply with the law, financial institutions simply invest in government securities that are eligible as substitutes for agricultural loans.

“I have discussed this concept of bond flotation with Secretary Dominguez and he believes floating bonds to finance the construction of this vital road network is a good investment in the future of our rural areas,” Evardone said.

For 2019, the DA is hoping to get a budget of more than 200 billion pesos. This is on top of the 1.5 billion pesos that will come from the US government as part of its overseas aid scheme known as the Public Law 480 fund.