VN banks hope to lure foreign investors after restructuring

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VN banks hope to lure foreign investors after restructuring

ASEAN+ June 23, 2018 01:00

By VIET NAM NEWS
ASIA NEWS NETWORK
HANOI

DESPITE the current increasing foreign investment inflows, merged and acquired banks will consider selling stakes to foreign investors after completing the restructuring to up the attractiveness of sales, bank officials said.

After the merger and acquisition (M&A) process, most banks such as Saigon Commercial Bank (SCB), Sacombank, Saigon-Hanoi Bank (SHB), and Maritime Bank said they are now still focusing on promoting restructuring.

CEO of the Saigon Commercial Bank (SCB) Vo Tan Hoang Van said his bank’s financial situation had improved remarkably under the restructuring process as it accelerated bad debt settlement and cleaned its balance sheet.

SCB will consider selling shares in 2019 after the restructuring is completed, Van said, expecting that the move to attract foreign investment next year would bring more advantages to SCB as the bank’s business performance will be much better than currently.

The Saigon-Hanoi Bank (SHB) is taking the same route. Do Quang Hien, SHB chairman, said that many foreign investors are interested in buying SHB’s stakes. However, the bank would make sure the investors it attracts are those who have long-term investment demands and the ability to support the bank in enhancing governance.

SHB’s board of directors wants foreign strategic shareholders to be economic organisations that have long-term investment demand as well as clear management and governance policies to participate in the bank’s governance and provide technological support to ensure the bank’s sustained development, Hien said.

The bank expects to co-operate with financial groups and foreign investment funds to accelerate its retail segment, exploit capital sources and invest in Vietnamese projects and businesses, he said.

This strategy will set the stage for SHB to make a breakthrough in 2018 and the following years, facilitating profit and revenue growth, Hien said.

Banking experts said it is reasonable for some merged or acquired banks to be cautious and wait for good opportunities to find foreign partners and target strategic partners.

Singtel racks up over $530m in cyber revenues

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Singtel racks up over $530m in cyber revenues

ASEAN+ June 23, 2018 01:00

By THE STRAITS TIMES
ASIA NEWS NETWORK
SINGAPORE

SINGTEL’S push into the digital realm continues to see “considerable progress” as it gears up against cyber threats, expands its digital marketing strategy and strengthens its core telecoms business in a “challenging” operating landscape.

In its latest annual report, Singtel said that digital and information and communications technology (ICT) businesses now contribute to some 24 per cent of group revenue, with cyber revenues amounting to more than S$530 million in fiscal 2018.

Singtel is continuing to build out its new digital businesses of cybersecurity and digital marketing, and its core consumer businesses across Singapore and Australia have done well, group chief executive Chua Sock Koong said in the report.

The telco now has 10 “advanced security operations centres” across Asia Pacific, Europe and the Americas and some 2,000 cyber security professionals working under its global cyber security unit.

Ms Chua highlighted that Singtel has also integrated its cybersecurity assets into a single unit to better secure against cyber threats and has partnered with SoftBank, Telef?nica and Etisalat to create the Global Telco Security Alliance, which offers companies access to a range of cyber security services.

She noted, however, that “high quality mobile and broadband, compelling content and competitive pricing” will continue to remain at the heart of Singtel’s value proposition.

In India, Chua added associate company Bharti Airtel has been feeling the heat from “an aggressive new operator” which had caused market disruption and price erosion, in a possible reference to Reliance Industries’ Jio, whose bold marketing moves forced market rivals to lower consumer costs.

Despite the tough competition, she believes “fair regulatory policies and sector consolidation should lead to a more stable market structure in the mid term.”

In Australia, Singtel put A$1 billion (S$1 billion) towards improving and expanding mobile coverage in rural and regional parts of the country. Australian subsidiary Optus also launched 5G trials at the recent Commonwealth Games in the Gold Coast.

The group’s investment in marketing technology company Amobee is also paying off, crossing S$1.1 billion in revenue as Ebitda turned positive for the first time, she added.

Chua earned $6.11 million in fiscal 2018 with $5.94 million paid out, comprising her fixed salary, variable bonuses, benefits and contributions to CPF, the national retirement savings scheme. The total remuneration was a slight decline from the $6.56 million that was earned in 2017, for which $5.89 million was paid out.

In his message to shareholders, chairman Simon Israel said that Singtel’s push in digitalising the core of its operations by incorporating data analytics, machine learning and artificial intelligence has provided critical insight and helped position the group for the Internet of Things era.

Over 3 million – or some 20 per cent of customers in Singapore and Australia – routinely use the My Singtel and My Optus apps to buy roaming packages, subscribe to value-added services and pay bills, Singtel said.

It also highlighted that nearly 20 per cent of all sales transactions in Singapore are now done online.

Unilever Indonesia parts with spreads businesses

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Unilever Indonesia parts with spreads businesses

ASEAN+ June 23, 2018 01:00

By THE JAKARTA POST
ASIA NEWS NETWORK
JAKARTA

PUBLICLY listed consumer goods manufacturer PT Unilever Indonesia agreed to sell its food spreads businesses to KKR & Co during a shareholders’ meeting on Thursday.

The buyout is worth a reported 2.92 trillion rupiah (US$ 210 million).

“This business separation marks the next step in reshaping and sharpening our portfolio for long-term growth,” Unilever Indonesia president director Hemant Bakshi said in a release after an extraordinary shareholders meeting.

“The sale will allow the spreads businesses to stand alone, focusing on growth and innovation,” he said.

The businesses would be handled by KKR subsidiaries.

The decision was made by Unilever Indonesia following KKR’s recent offer to Unilever’s global management – Unilever NV and Unilever Plc – in December last year.

The offer included the purchase of spreads commercialised by Unilever Indonesia.

“As part of the Unilever corporation, which operates around the world, the company [Unilever Indonesia] must always align with Unilever’s strategy and global policy for commercialized trademarks in Indonesia,” said Hemant.

The spreads businesses that Unilever Indonesia sold to KKR comprise intangible assets of global trademark Frytol, Blue Band Master and Blue Band and the domestic trademarks for Samin Oil and Blue Band Gold.

Unilever Indonesia would also sell its tangible assets such as production assets, equipment, inventory and its factory building in Cikarang, West Java, that is used to produce butter and margarine products.

The deal between the two companies is expected to be finalised in July.

AEC Feed

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AEC Feed

ASEAN+ June 23, 2018 01:00

By Asia News Network

Noble says 5% shareholders to offer US$100m facilities

Noble Group has secured a binding commitment for US$100 million (S$135.93 million) of trade finance facilities from a consortium of existing shareholders, the commodity trader announced yesterday before the stock market opened.

The consortium comprises Value Partners, Pinpoint Asset Management and other shareholders with a combined equity interest of 5 per cent who have irrevocably agreed to vote their interests in favour of Noble Group’s restructuring plan.

The extension of the additional US$100 million of three-year trade finance facilities to Noble remains subject to the execution of final detailed documentation.

Noble said that the finance facilities will provide for the expansion of its trading activities, particularly in high-growth opportunities identified in the liquefied natural gas (LNG) industry.

In exchange for the facilities, the consortium will receive US$7.5 million of new asset company bonds, US$7.5 million of new trading company bonds, US$10 million of new trading holding company bonds and an arrangement fee of US$5 million as the company undergoes a restructuring exercise.

Noble said that some US$7.5 million of new asset company bonds that were to be issued to its existing senior creditors will be re-allocated to this consortium. Its existing senior creditors will be issued an additional US$7.5 million in new trading company bonds. That will raise the total amount of new trading company bonds to US$700 million and the total amount of new trading holding company bonds to US$270 million. – The Straits Times

Antitrust body sets sights on ‘anticompetitive’ sectors

The Philippine Competition Commission (PCC) is set to probe “anticompetitive” sectors in the manufacturing industry, specifically those that have a high impact on consumers.

On the sidelines of a public forum, PCC Chair Arsenio Balisacan told reporters that the antitrust body would look into a study that listed priority sectors most exposed to anticompetitive behavior. The study was led by Erlinda Medalla, a renowned research fellow at the Philippine Institute for Development Studies (PIDS).

These sectors include those that produce: refined petroleum products, fertilizers and nitrogen compounds, milk-based infant and dietetic food, dairy products, agricultural and forestry machinery, pens and pencils, sports and energy drinks, refractory ceramic products, power-driven hand tools, cement and sugar.

The list also included the cement sector, which has been under PCC investigation since January last year.

In listing these high-risk manufacturing sectors, Medalla considered, among other factors, market concentration and high price cost margins.

Balisacan, however, said that the list still needed to be vetted using other considerations, particularly their impact on consumers and a probe’s “probability of success.”

He said the list would just help PCC in knowing which sectors to prioritize, since the commission has “very limited resources.”

“We’ll have to bring in other data to supplement data we’ve seen here,” he told reporters.

“If this sector has high probability [of] anticompetitive practices, the next question you ask is how important is that [sector] to consumers [and] to the overall economy,” he said. – Philippine Daily Inquirer

Record activity at Cambodia’s exchange

The Cambodia Securities Exchange (CSX) experienced a whirlwind of activity early this week that saw almost 300,000 shares traded in five days, breaking the record for average daily volumes.

In a press release on Thursday, CSX said the uptick began on June 13 when 24,713 shares traded hands. On Tuesday that number jumped to 64,666 before skyrocketing to 131,279 on Wednesday.

Before this period of rapid trading, the average amount of shares traded daily this year was only 7,845.

Explaining the sudden spike in activity, Lamun Soleil, the director of marketing operations at CSX, said a new order-facilitation system called market order (MO) had been implemented which allowed for faster trades in higher amounts.

“If we want to buy or sell tens of thousands of shares, we use MO as it works faster. When using it, we do not focus much on the price but on sell-out and buy-in,” he said.

MO is an operational tool that allows investors to trade shares at the best market price. – Phnom Penh Post

Mahathir gunning for $4.5 bn 1MDB funds

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Mahathir gunning for $4.5 bn 1MDB funds

ASEAN+ June 23, 2018 01:00

By THE STAR
ASIA NEWS NETWORK
KUALA LUMPUR

MALAYSIA will seek to recoup US$4.5 billion of funds that were potentially lost through 1MDB, as well as fees paid to Goldman Sachs Group, according to Prime Minister Mahathir Mohamad.

“We have to prove ownership of the money,” Mahathir, said in an interview on Bloomberg Television yesterday.

“The previous government, in order to avoid accusation of some wrongdoing, decided that the money was not theirs, so they’re not making any claims. But we know the money is ours. It’s from 1MDB.”

The scandal surrounding the troubled investment company has spawned worldwide investigations, with US officials saying that more than US$4.5 billion flowed from 1Malaysia Development Bhd through a web of opaque transactions and shell companies.

The allegations of corruption helped propel Mahathir’s coalition to a surprise election win in May to oust former Prime Minister Najib Razak, whose coalition had ruled for about six decades.

In the interview, Mahathir raised concern over the large commission paid to Goldman Sachs, which made $593 million for arranging three bond sales for 1MDB.

The state fund paid a 10 per cent fee to the bank for its role and accepted a 6 per cent interest rate, he said, adding that the borrowing cost for the government should be closer to 3 per cent.

“What we earned from the debt transactions reflected the risks we assumed at the time, specifically movement in credit spreads tied to the specific bonds, hedging costs and underlying market conditions,” said Edward Naylor, a Hong Kong-based spokesman for Goldman Sachs.

“Comparisons to ‘fees’ from plain vanilla underwritings, which involve far less risk, are not relevant.”

The government would pursue legal action against Goldman Sachs “if there’s a case,” Mahathir said, adding that the attorney general would make a decision on whether to proceed.

Finance Minister Lim Guan Eng told The New York Times last week that he would seek restitution from the bank.

Najib denial

Mahathir previously said that Najib would be charged with bribery and embezzlement of public funds. Najib has repeatedly denied wrongdoing, and told Reuters this week that he knows nothing about money from 1MDB appearing in his personal account. Najib’s spokesman couldn’t immediately be reached for comment, the Bloomberg report said. Charges may be imminent in the renewed probe into 1MDB after Attorney-General Tommy Thomas began reviewing documents submitted by the Malaysian Anti-Corruption Commission.

He has set up teams to study possible criminal prosecution and civil proceedings.

The scope of the new investigation includes potential abuse of power by Najib.

That includes a probe into fraudulent investments made by 1MDB, funds flowing into his personal account, and criminal breach of trust in a letter of support from the Ministry of Finance, a post that Najib held.

Anxious wait for relatives of Indonesia ferry disaster missing

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  • A member of a rescue team looks at information displayed on satellite pictures showing the search and rescue activities for a ferry that capsized on June 18, at Lake Toba ferry port in the province of North Sumatra on June 21.//AFP
  • Family members attend a prayer for their missing relatives, victims of a ferry that capsized on June 18, at Lake Toba ferry port in the province of North Sumatra on June 21.//AFP
  • A woman shows photographs of her missing family members at the Lake Toba ferry port in the province of North Sumatra on June 19, 2018, after a boat capsized on June 18.//AFP

Anxious wait for relatives of Indonesia ferry disaster missing

Breaking News June 22, 2018 18:55

Simalungun, Indonesia – Among the grief-stricken Indonesians keeping a daily vigil at the shore of a volcanic lake which swallowed a ferry packed with people, some fear they have lost more than a dozen relatives, including children, in the disaster.

    Jadianto Nainggolan has barely touched food or got a decent night’s sleep since he got word that the ferry was carrying 12 relatives — including a nephew who was just three years old — headed home after a party on Monday.

“As soon as I heard I was in shock — I couldn’t eat, I couldn’t sleep,” he told AFP.

The overloaded boat capsized on Sumatra’s Lake Toba in what could be one of the country’s deadliest maritime disasters.

Days later, Nainggolan, a power plant worker, cannot believe that four of his siblings and their children could be at the bottom of one of the world’s deepest lakes.

The 40-year-old Nainggolan made an arduous 24-hour journey from his home in Jambi province to the picturesque tourist destination after he got a panicked call from his sister.

Now, he is one of hundreds of heartbroken relatives who turn out at search posts or on the lakeshore every morning, praying for news about missing loved ones.

“As soon as we wake up we are thinking about our family,” he said.

Just three passengers have been confirmed dead, but official estimates listed 193 others — including children — as missing.

The vessel is believed to have been operating illegally with no manifest or passenger tickets and authorities have struggled to pinpoint the exact number onboard when it went down in bad weather.

Many bodies could be trapped inside the sunken ferry, with officials saying that the traditional wooden vessel may have been carrying five times the number of passengers it was built to hold, along with dozens of motorcycles.

Despite a massive search operation involving some 400 personnel, the vessel has still not been located. Toba is some 500 metres (1,600 feet) deep in parts, hampering search efforts. Anxiety — and anger — is growing among those desperate for news.

Marasi Gultom said 13 of her family members, including seven brothers, were on the ferry. “It’s not normal that there could have 200 people on board and the motorcycles are not allowed,” she said.

“That’s the fault of the officers — it was a fatal mistake. Why did they let them board?”

On Friday, authorities turned to sonar technology in a bid to pinpoint the boat’s location.  Survivor Juwita Sumbayak, who was on the ferry when it went down, said he was reeling from the accident. “My two children are still missing,” he told AFP at an area hospital.

Another survivor, Hernando Lingga, 24, recalled the terrifying final moments before the boat disappeared. “Suddenly, water started rushing into the boat,” he said.

“Passengers began to panic (and) some screamed hysterically, then the ship began to shake and sunk.”

Malaysia : Govt to ban foreign cooks, only locals allowed to cook in restaurants

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File photo : M Kulasegaran
File photo : M Kulasegaran

Malaysia : Govt to ban foreign cooks, only locals allowed to cook in restaurants

ASEAN+ June 22, 2018 18:30

PETALING JAYA: The Human Resource Ministry wants all restaurants in the country to only recruit locals as cooks from July 1, says its Minister M Kulasegaran.

He was however quoted by Bernama as saying that all operators would be given up to the end of the year to ensure only local cooks work in their restaurants.

He said a new regulation would only permit locals as cooks in all restaurants effective Jan 1, 2019.

“So we want locals to be employed as cooks. There will be no compromise … we are giving you notice to do it by Dec 31. If you don’t do it we can’t help it,” he told Bernama News Channel here on Thursday.

Earlier, Kulasegaran held a meeting with the Indian Restaurant Operators Association (Prisma) in Petaling Jaya.

He said the ministry would be holding more meetings with Prisma as well as the Indian Muslim Restaurant Operators Association (Presma) soon on the implementation of local cooks in restaurants.

Kulasegaran said the move would be able to reduce dependence of local restaurants on foreign labour and ensure the quality of local food.

He said the ministry would follow the footstep of the Penang state government in banning foreigners as cooks in food shops, restaurants as well as stalls around the island.

Since 2014, the Penang state government prohibited foreigners from working as cooks at hawker stalls in an effort to protect the national food heritage.

Commenting on the statement, Prisma president P. Muthusamy said the decision was quite shocking and would have major implications to operators.

“In the past few years, we have been facing problems of manpower. In fact more than 500 restaurants had closed during the period due to the shortage of workers,” he said.

Muthusamy said he hopes the ministry would hold further discussions with food shop operators nationwide before implementing the decision.

Presma president Ayub Khan said the problem of workers in restaurants was getting more serious as no locals want to work in restaurants.

“We advertised, offering a salary of up to RM2,500, but no one came. It is not easy to find local workers for restaurants,” he said.

Wary of hacks, World Cup teams get serious on cybersecurity

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A man walks past a hammer and a sickle adorning a wall in Kazan on June 21, 2018 during the Russia 2018 World Cup football tournament.//AFP
A man walks past a hammer and a sickle adorning a wall in Kazan on June 21, 2018 during the Russia 2018 World Cup football tournament.//AFP

Wary of hacks, World Cup teams get serious on cybersecurity

sports June 22, 2018 16:27

Bronnitsy, Russia – Fearful of data breaches and keen to avoid embarrassing images surfacing in the home of ‘kompromat’, several teams at the World Cup in Russia have enforced rigid guidelines to shield their players from hacks.

Whereas in past tournaments teams went to extraordinary lengths to keep the paparazzi at bay, the stars of Russia 2018 have a more high-tech approach to guarding their privacy.

The Australian football federation is one of several to use its own mobile internet connection while in Russia, in theory to make it harder to access information contained on the devices of players and staff.

The Socceroos are forbidden from joining unprotected Wifi networks and must instead connect via one of the team’s own VPN-fitted 4G mobile routers.

Team official Adam Mark told AFP the players had been told “just to be smart about while they’re here, i.e. not logging on to public Wifis.”

“Cybersecurity is something that we are concerned about,” said Croatia team official Tomislav Pacak. “Concerning security in general, we don’t share anything with any media or the public other than what is said during press conferences.”

The anxiety to avoid hacks at this World Cup is so great in some camps that several teams sought advice from their national security services before leaving for Russia.

England were briefed by Britain’s GCHQ intelligence service and players’ smartphones and other connected devices have been fitted with special encryption software for the tournament.

Guillaume Poupard, the head of France’s information security agency Anssi, told AFP his organisation had advised the national team on online safety while in Russia.

“It was rather general advice, a bit like what we tell people travelling for business… pay attention to where you connect, don’t take all your personal data with you,” Poupard said.

– Public at risk? –

While this sounds like good advice no matter where high-profile millionaires such as footballers ply their trade, it is not just the players that may be at risk in Russia, known for the practice of kompromat — gathering compromising personal material for nefarious means.

Russian hacking group Fancy Bear, for example, published emails of the International Olympic Committee in 2014 after Russia was banned from competing in this year’s Pyeongchang Winter Olympics for its doping programme.

Such an attack on tournament organisers FIFA, for example, “would have a significant impact on its image”, according to Chris Hodson, of cybersecurity firm Zscaler.

Yet the most common targets of online hacks and scams remain members of the general public, and Anssi has launched an awareness campaign to coincide with sport’s biggest event.

Cybersecurity firm Checkpoint last week uncovered a phishing campaign, whereby users are tricked into handing over their personal details via fraudulent emails, camouflaged as a World Cup matches wall chart.

“With so much anticipation and hype around the World Cup, cybercriminals are banking on employees being less vigilant in opening unsolicited emails and attachments,” said Checkpoint’s Maya Horowitz.

“As such, it is critical that organisations take steps to remind their employees of security best practices to help prevent these attacks being successful.”

Internet users have been advised to be wary of streaming matches on pirate feeds that may contain malware, and to avoid unofficial ticketing sites.

For Nicola Caproni, consultant at web security firm Sekoia, internet users need to be vigilant but not obsessive over their data during the tournament in Russia.

“Don’t take business data with you, don’t leave your telephone or computer at the hotel, be careful with your devices, don’t just connect to any Wifi hotspot, and use a VPN.”//AFP

Indonesia : Aman Abdurrahman’s death sentence won’t provoke retaliation: BIN

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Guilty: Police officers escort terrorism defendant Aman Abdurrahman to enter a court room at the South Jakarta District Court to attend his hearing on June 22. The court's judge panel sentenced him to death in the hearing.
Guilty: Police officers escort terrorism defendant Aman Abdurrahman to enter a court room at the South Jakarta District Court to attend his hearing on June 22. The court’s judge panel sentenced him to death in the hearing.

Indonesia : Aman Abdurrahman’s death sentence won’t provoke retaliation: BIN

Breaking News June 22, 2018 16:18

By The Jakarta Post
Asia News Network

The death penalty handed down to Islamic State (IS) ideologue Aman Abdurrahman will not provoke other jihadist movements to retaliate, State Intelligence Agency (BIN) deputy chief Lt General Teddy Lhaksmana has said.

“I suppose it won’t [cause a retaliation] and [such attacks] can be anticipated,” Teddy told journalists in Jakarta on Friday. “[However] staying vigilant is a must for everyone,” he went on.

(Read also: Pro IS cleric gets death for inspiring terror attacks in Indonesia)

Aman, the de facto leader of Jamaah Ansharut Daulah (JAD), a local affiliate of the IS terror group, was found guilty of inciting several terror attacks in Indonesia and was given a death sentence by the South Jakarta District Court in a hearing on Friday.

The judges found him responsible for inciting others to carry out at least five terror attacks in Indonesia, including the Thamrin attacks in Central Jakarta in 2016 and the Kampung Melayu bombings in East Jakarta last year. Aman’s teachings were behind the terror attacks, the judges said.

Aman denied that he was involved in the attack, despite admitting that he had urged his followers to go to Syria to join the IS in its quest to establish a global caliphate.

Activists rethinking tactics to counter China’s annual dog meat festival

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File photo : Humane Society International activist Peter Li holds a protest banner near the Yulin government office in Beijing on June 10, 2016.//AFP
File photo : Humane Society International activist Peter Li holds a protest banner near the Yulin government office in Beijing on June 10, 2016.//AFP

Activists rethinking tactics to counter China’s annual dog meat festival

Breaking News June 22, 2018 16:08

As South Korea moves closer to banning dog meat, diners tuck into bowls of stewed canine in southern China, where activists are rethinking their tactics to counter a notorious festival that butchers thousands of dogs.

The annual Yulin dog meat celebration opened without a hitch on Thursday, a day after a South Korean court announced it had ruled that the slaughtering of dogs for meat was illegal.

Activists say the ruling could pave the way for the outlawing of dog meat consumption in South Korea, but there is less progress in China where advocates fear their tactics have been counterproductive.

Eating dog to mark the summer solstice is a tradition in China’s Guangxi region, where the festival has been held since 2009 to mark the occasion in the town of Yulin.

Despite rumours last year that Yulin authorities would ban dog meat sales altogether, many restaurants advertised the controversial offering this week with the veiled moniker of “fragrant meat”.

Carcasses were on display for purchase in the city’s open-air markets — though there were fewer of them than in previous years, locals said.

The Dongkou wet market downtown bustled with shoppers meandering past piles of dogs laid out atop butcher stalls for them to inspect. Others hung from hooks, their faces locked in a rigid grimace.

Market workers pulled in cartfuls of dead dogs while sweaty men blow-torched the fresher carcasses to remove any remaining fur. On the street, a man transported two live mutts in a cage on the back of his scooter.

As police patrolled outside the market premises, one woman bought a full dog for 662 yuan ($102), saying she would eat it with her family to celebrate the summer solstice.

“It’s very tasty,” another local surnamed Chen told AFP, insisting “they’re all strays — strays and pets are different”.

Chen did not consider it cruel to consume the meat during what the Chinese zodiac system deems the Year of the Dog, quipping: “don’t you eat chicken in the year of the rooster, and pork in the year of the pig?”

But vendors were more discreet than usual.

They cooked in narrow alleys or inside their restaurants instead of preparing dog dishes in front of patrons, ushering diners inside and not serving outdoors.

Mao dog ban 

Thousands of dogs are butchered during the event, the animal protection organisation Humane Society International estimates — a fraction of the more than 10 million consumed each year in China.

Animal rights activists have typically attended the festival to purchase ill-fated dogs and save them from slaughter, said Qiao Wei, an activist from the Si Chuna Qiming Animal Protection Centre.

But now they feel that working to establish a general ban on the dog meat trade would be much more effective.

“We have no hope that we can bring change just by going to Yulin,” he said. Simply buying dogs “doesn’t help”.

International animal rights groups concur, saying that focusing so intensively on dog meat consumption in just one city at an annual event risks becoming counterproductive.

“It would be far better to have a holistic campaign that works collaboratively across the country, engaging the government and public to acknowledge animals as our friends, not food,” said Jill Robinson, founder of the Hong Kong-based Animals Asia Foundation.

Chinese leader Mao Zedong had banned dog ownership for being bourgeois, but the ranks of China’s rising middle-class are now full of proud and loving dog owners.

This year, the foundation set up an online portal where Chinese citizens can report restaurants that operate illegally.

Tipsters have already flagged some 1,300 restaurants in 153 cities, with over 200 of them shut down, forced to stop selling the meat, or issued warnings, said Robinson.

Before the festival, animal protection groups from around the world submitted a letter with 235,000 signatures to Beijing, calling for the event’s abolishment.

Changing ways 

The tide appears to be turning against dog meat consumption elsewhere in Asia, and Chinese animal lovers like Zhang Huahua, a 62-year-old retired lecturer-turned-activist, sense change is in the air.

Zhang came to Yulin all the way from her home in the southern province of Guangdong to submit a letter with recommendations to the local government.

Her hope is to save dog lives by changing the system itself.

In South Korea, where one million dogs are believed to be eaten annually, a court ruled that meat consumption was not legitimate grounds for killing canines, after an animal rights group accused a dog farm operator of slaughtering dogs “without proper reasons” and violating building and hygiene regulations.

Last April, Taiwan banned the consumption, purchase and possession of both dog and cat meat, with offenders facing a fine of up to Tw$250,000 ($8,170).

But many in Yulin viewed the news with a shrug.

“They can do what they want,” said a resident surnamed Huang, who nonetheless wasn’t fond of the taste of dog himself.//AFP