Algerians abroad return home, seeing hope in protest movement

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Algerians abroad return home, seeing hope in protest movement

Breaking News April 06, 2019 19:21

By Agence France-Presse
Algiers

For weeks, expat Algerians have been streaming home, some just for the weekend, to play their part in the historic changes sweeping the country.

“I took unpaid leave to come and march in Algeria, to be here physically,” said Chahrazade Kaci, who arrived back from London just days before president Abdelaziz Bouteflika resigned in the face of huge protests.

“It’s a duty,” said Kaci, 52, who has spent almost half her life in the British capital since going into exile at the height of Algeria’s 1990s civil war.

Sports shoes on her feet and an Algerian flag draped over her shoulders, she held aloft a sign in English: “Call to all Algerians living abroad — return home and support our citizens in their struggle to build the 2nd republic.”

Kaci was one of many returnees among the immense crowd that filled the streets of Algiers on Friday, the first mass demonstration since Bouteflika announced on Tuesday he was stepping down after two decades in power.

Flying in from Europe, the Gulf and North America, some have used up annual leave or taken extra time off work to take part.

“Since February 22, I haven’t been able to sleep,” Kaci said, referring to the day of the first mass protests against Bouteflika’s bid for a fifth term in office.

“I’m addicted to the internet, I follow developments 24 hours a day and I don’t miss anything on social media,” Kaci said.

She was joined in the crowd by her former husband Salah Allali, who had flown in from Qatar, while her daughter Nada, who was born in Britain, and nephew Yazi Nait-Ladjemil had both come from London to take part in the protest.

Kaci herself arrived back in Algiers the previous Friday and “joined the march right from the airport”, she said.

Following Bouteflika’s resignation, protestors are now pressing on with calls for sweeping reforms and the departure of key figures in the 82-year-old’s entourage.

Bouteflika’s departure was “just the beginning,” Kaci said. “Still to come is the departure of the rest of the ‘gang’ and the building of a second republic.”

Protestors say they want to see the resignations of the powerful “3B” — Senate speaker Abdelkader Bensalah, head of the constitutional council Tayeb Belaiz and Prime Minister Noureddine Bedoui.

– Return and ‘rebirth’ –

Born in Algiers, Kaci studied marine biology, but like many Algerians, left the country when it plunged in the early 1990s into a decade-long civil war that left at least 200,000 people dead.

Back in Algiers, returned expats say they are surprised by the country’s new-found freedom of speech and the strong presence of women at the vast, largely peaceful marches.

Kheira, 65, also took unpaid leave from her job as a teacher in Montreal to take part in “these historic marches”.

She had moved to Canada in 2000, to be reunited with her children after sending them there at the height of the civil war.

“My children have everything there, but they are ready to come work and invest in their country,” she said.

Former trade unionist Salah Allali, who also sought refuge in Britain in the 1990s, took an extra week of holiday without pay to be able to head home.

“The regime must understand that this revolution must end with its departure,” he said.

Yazid Nait-Ladjemil, who has lived in London for the past two years, took part in several demonstrations organised by Algerians in the British capital, but also returned home to play a role in the protests on the ground.

He said he would not rule out a return to his country.

“It’s a rebirth — before, (Algeria) was a bit depressing,” he said. The demonstrations “give me a sense of hope.”

Indonesia’s desperate housewives chase selfies on election trail

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Indonesia’s desperate housewives chase selfies on election trail

ASEAN+ April 06, 2019 14:34

By Agence France-Presse
Sragen, Indonesia

Tears stream down Lilis Hastirini’s mascara-smudged face after she waited hours to snap a selfie with Indonesia’s president, only to be thwarted by a crush of other female fans with the same idea.

It is a take-no-prisoners battle on the election trail in this selfie-mad nation, where few shots count more than a close up with “everyman” leader Joko Widodo, a former furniture salesman who rose from a riverside slum to high office.

Hastirini was among some 10,000 other desperate housewives, mostly aged between 20 and 50, who braved searing heat as they screamed and jostled, pushing past security guards to reach Widodo at an event in Sragen on Java island this week.

“I’m sad, I couldn’t get a picture with him,” the 37-year-old told AFP as she sobbed and wailed.

“He seems like such a nice person, kind of fatherly.”

The lanky, heavy-metal music-loving 57-year-old, best known as Jokowi, seems happy to oblige housewives and other key voters — including millenials who account for about one-third of the electorate — as he fights to keep a wide lead in the race for the presidency on April 17.

Some 192 million Indonesians are set to cast a ballot in the world’s third-biggest democracy, with a record 245,000 candidates vying for positions from the presidency and parliamentary seats all the way down to local council jobs.

And garnering support on social media is essential. Indonesia is one of Instagram and Facebook’s biggest markets globally, with some 62 million and 130 million users, respectively.

Jokowi’s sole rival is Prabowo Subianto, a retired military general and son-in-law of the late dictator Suharto, who has ditched his trademark suit and tie for a campaign-casual khaki safari suit with sunglasses.

Prabowo, as he is known, is also trying to win over women voters and fans online, balancing his strongman image with an Instagram account of him and his cuddly cat, Bobby.

The 67-year-old and vice-presidential candidate Sandiaga Uno — a youthful 49-year-old business magnate — have generated online fan clubs including the Housewives Party in Support of Prabowo-Sandiaga, the Militant Housewives’ Force and even the Voluptuous Housewives Who Fight for Prabowo-Sandi.

Both candidates are regularly mobbed by adoring female fans — though Jokowi appears more at home performing in front of the crowds.

Back in Sragen, Hastirini almost reached Jokowi as he was exiting the arena when someone stepped on her seven-year-old daughter’s foot.

In leaping to help her little girl, she had missed her moment with Jokowi.

Also empty-handed was high school teacher Mariana Wahyu, who said she never bothered to get a selfie with her-then neighbour Jokowi back when he was mayor of Solo city.

“O Allah, had I known then that he would become president, I would have taken a lot of pictures with him,” she said in Central Java’s Sukoharjo city.

Brussels boy to pee-cycle after landmark leak inquiry

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Brussels boy to pee-cycle after landmark leak inquiry

ASEAN+ April 06, 2019 14:25

By Agence France-Presse
Brussels

Brussels’ famous landmark, the Manneken-Pis, is an insouciant celebration of going with the flow — but even carefree little boys can go too far.

City authorities recently discovered that a fault in the 400-year-old statue’s plumbing was causing him to pee away 2.5 tonnes of water a day.

In 2019, such waste is an environmental no-no.

A missing part in the guttering under the diminutive statue’s fountain sent his public urination directly down the drain.

It may not be the most overwhelming torrent, but it was building up over time — to the equivalent daily water use of five Belgian households.

No-one is quite sure how long Brussels’ celebrity has been suffering the leak. “We prefer to look to the future,” says city engineer Regis Callens.

And the future is recycling. Henceforth, the Manneken’s pee will loop through a recuperation tank to be pumped back through his bronze bladder.

“So it’s really a closed circuit. There’s no more waste,” says Callens, giving journalists a tour of the hidden pipework.

Brussels was able to detect the anomalous overflow thanks to new electronic monitors dotted around the municipal system.

“We want to develop a real policy of limiting waste,” said the city’s new mayor, Benoit Hellings, from the green Ecolo party.

– Peeing on a powderkeg –

“We want to say to Brussels folk, to Belgians and to all Europeans: ‘If the Manneken-Pis is able to stop wasting drinking water, you can too.’

“The Manneken-Pis has become a responsible eco-consumer.”

Some accounts date the incontinent cherub’s origin to the 14th century, but the best records suggest the 55-centimetre (22-inch) bronze nude was cast in 1619.

The boy seen today at a street corner in Brussel’s tourist-thronged old city is a copy, with the original now in the city museum, safe from theft or vandalism.

One legend recounts that the child saved the city from an explosion by peeing on a flame that threatened a gunpowder arsenal in the 17th century.

He is now a municipal symbol and tourist draw, and plays a full role in the evolving cultural life of the Belgian capital.

He is often dressed up in colourful outfits, including football kits to mark the start of the World Cup.

Venezuela’s Guaido calls demo to maintain pressure on Maduro

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Venezuela’s Guaido calls demo to maintain pressure on Maduro

ASEAN+ April 06, 2019 14:16

By Agence France-Presse
Caracas

Venezuela’s opposition leader Juan Guaido urged his supporters to demonstrate in the streets Saturday to maintain pressure on his rival President Nicolas Maduro, amid rising anger over the collapse of public services.

Thousands of opposition supporters are expected to march through the capital Caracas from 11:00 am on Saturday as Venezuela’s power struggle is exacerbated by massive blackouts and the collapse of water supplies.

Guaido, recognized as interim president by more than 50 countries, said in a Twitter message on Friday: “Let’s remain firm in the streets, this fight is for the lives of all Venezuelans.”

Maduro, who blames US-backed sabotage on recent blackouts that deprived millions of power, has also called a pro-government march in Caracas, urging his supporters onto the streets for a “March in defence of peace.”

Guaido said earlier this week he feared abduction by government agents after pro-Maduro lawmakers stripped him of his parliamentary immunity on Tuesday and authorized the country’s top court to prosecute him for proclaiming himself president.

The United States, among the first countries to recognize Guaido when the National Assembly leader proclaimed himself interim president on January 23, meanwhile kept up the international pressure on Maduro to step down.

Vice President Mike Pence announced fresh sanctions against 34 vessels belonging to Venezuela’s state oil company and two companies that ship crude to Cuba.

“The United States will continue to exert all diplomatic and economic pressure to bring about a peaceful transition to democracy,” Pence said in a speech in Houston, Texas.

“Venezuela’s oil belongs to the Venezuelan people,” he said.

“Those looking on should know this: All options are on the table. And Nicolas Maduro would do well not to test the resolve of the United States of America,” he said.

– Crumbling economy –

The action is the latest by the United States as it tries to choke off revenue for the cash-strapped leftist government, which has nonetheless held onto power and enjoys backing from China and Russia.

It comes ahead of a meeting of the UN Security Council next Wednesday, called by the US to discuss the worsening humanitarian crisis in the Latin American country.

“The United States will urge the world to reject Maduro’s failed regime, to stand with the Venezuelan people, and to help us bring the humanitarian crisis to an end.”

Venezuela’s oil economy has crumbled under the collapse of crude exports and international sanctions against Maduro.

The socialist president is viewed by the US and its allies as illegitimate since taking the oath of office in January for a second six-year term, following elections last May seen as deeply flawed.

Malnutrition and disease are on the rise as living conditions plummet in Venezuela, which is spiraling ever deeper into economic chaos during the protracted political crisis.

The blackouts have knocked out water supplies as well as transport and communications.

“We are tired but we have to go out on the street because it is the only way to get these people out,” said Verony Mendez, 48, adding that his household has been without water for two months.

Maldives ex-leader makes comeback in landmark vote

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Maldives ex-leader makes comeback in landmark vote

Breaking News April 06, 2019 14:07

By Agence France-Presse
Malé, Maldives

The Maldives on Saturday held its first parliamentary election since former strongman leader Abdulla Yameen was forced to stand down, with his arch-rival expected to make a big comeback in the vote.

Mohamed Nasheed, another former president, is the highest profile candidate up for election for the 87-member People’s Majlis, or parliament.

He returned from an enforced exile abroad after Yameen lost an election in September to Nasheed’s deputy, Mohamed Ibrahim Solih.

Solih said he expected Saturday’s poll to return a strong legislature led by his Maldivian Democratic Party (MDP).

“I want to stress that I would like the next parliament to be made up of members who are familiar with our policies, and fully support it,” Solih told a campaign rally on Thursday night.

Nasheed is widely expected to play a key role in the new legislature.

He was jailed for 13 years on a controversial terrorism charge when Yameen was in power. However, the conviction was overturned last year after the presidency changed.

The opposition coalition that helped Solih win has come apart, with constituent parties going their separate ways for Saturday’s election.

Election commissioner Ahmed Shareef told reporters preparations had been completed for Saturday’s vote and there had been no complaints of irregularities.

Voting will take place for overseas Maldivians in neighbouring India and Sri Lanka, as well as London.

Former president Yameen is not a candidate, but his Progressive Party of Maldives is seen as the main challenger to the MDP.

Last week, the High Court ordered authorities to lift a freeze on Yameen’s bank accounts holding about $6.5 million. But it said a money laundering case against him would proceed.

Yameen received the payments just before he lost his re-election bid. Since then, all dissidents have returned to the Indian Ocean archipelago and most have had their convictions quashed.

The Maldives was on the verge of being slapped with Western-led sanctions before Solih won the presidential election on a pledge to end corruption in the country best known for its luxury tourism.

Myanmar, Bangladesh on common ground regarding Rohingya repatriation: Don

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Thai foreign minister Don Pramudwinai
Thai foreign minister Don Pramudwinai

Myanmar, Bangladesh on common ground regarding Rohingya repatriation: Don

ASEAN+ April 06, 2019 01:00

By Supalak Ganjanakhundee
The Nation

Bangladesh and Myanmar have both shown positive signs of repatriating thousands of Rohingya refugees, Thai Foreign Minister Don Pramudwinai said on Friday.

The two countries have agreed to ensure the safe return of Rohingya who have been taking shelter at the Bangladesh-Myanmar border since August 2017, the minister said upon returning from Dhaka, where he had gone on a working visit on Wednesday and Thursday.

Thailand has provided Bt5 million in aid via the World Food Programme for the refugees, he added.

Don, in his capacity as Asean chair, was in Myanmar for the same purpose on March 7-8, when he met key officials in Nay Pyi Taw, including de facto leader and his counterpart Aung San Suu Kyi.

“It is a very good sign, based on the spirit of cooperation, as the two countries want to see an end to the repatriation stalemate,” he said.

The first batch of 2,000 refugees was set to return to Rakhine state in mid-November, but they resisted out of fear for their safety.

The latest conversation with Myanmar authorities indicated that Nay Pyi Taw would only take back screened refugees, he said, adding that they would receive verification documents.

“But these papers are not national IDs,” he said. “This issue will be have to be addressed later as it’s a complicated one that will take time to solve.”

More than 700,000 Rohingya fled from Rakhine in August 2017 after militants attacked Myanmar security outposts, prompting a “clearance operation”. Thousands were killed, while many others suffered from atrocities including arson, torture, murder and gang rape. The United Nations found elements of ethnic cleansing in Myanmar’s actions and tried to refer cases of “genocide” to the International Criminal Court and other special tribunals.

However, Asean – of which Myanmar is also a member – decided in a Singapore summit in November to participate on a humanitarian basis and help coordinate and facilitate the repatriation.

The Asean Emergency Response and Assessment Team visited Rakhine state from March 4 to 13 and should have a report on the visit soon, Don said.

Senior Asean officials will meet later this month to discuss their role in the repatriation, he said, noting that both Myanmar and Bangladesh appreciated the bloc’s actions.

“We might need quiet diplomacy to get the work done,” he said.

Malaysia in U-turn on war crimes court

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File photo : Prime Minister Mahathir Mohamad //AFP
File photo : Prime Minister Mahathir Mohamad //AFP

Malaysia in U-turn on war crimes court

ASEAN+ April 05, 2019 16:58

By AFP

Kuala Lumpur – Malaysia’s government did a U-turn Friday on its decision to join the International Criminal Court, the prime minister said, after a backlash from a powerful Islamic ruler and opposition politicians.

The Southeast Asian nation announced in March it was joining the world’s only permanent war crimes tribunal after a reform-minded government came to power last year.

But the move sparked an outcry from opposition politicians and the powerful sultan of southern Johor state, who were furious the country’s revered Islamic royals would not be exempted from potential prosecution by the court.

Malaysia’s decision not to join the ICC is a severe blow to the tribunal in The Hague, which has been under pressure following high-profile acquittals, while Burundi became the first country to quit the court in 2017.

    “We have made a decision that we will not recognise the Statute of Rome,” Prime Minister Mahathir Mohamad told a nationally televised press conference, referring to the ICC’s founding treaty.

“(Opposition politicians) have been able to create confusion in the minds of the people, that this law negates the rights of the Malays and the rights of the rulers.”

Ethnic Malay Muslims are the country’s majority group, while the rulers refers to the country’s Islamic royal households.

Nine of Malaysia’s states are ruled by Islamic royalty and the households take it in turns to provide the national monarch, in a unique system.

While they do not have any formal powers, the Islamic rulers are greatly respected by Malays, and criticising them is strictly forbidden.

The new government has been attacked for not doing enough to protect Malays, who have traditionally enjoyed privileges such as preference for civil service jobs and discounts on buying property.

Malaysia had already signed the Rome Statute but still had to ratify it to formally become a member of the court.

It is the government’s latest policy flip-flop. It comes fives months after they did a U-turn on signing a UN treaty against racial discrimination after Malays expressed concerns it could erode their privileged position.

Amazon’s Bezos, wife reach biggest divorce deal in history

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In this file photo taken on July 10, 2013, Jeff Bezos, founder and CEO Amazon.com, and his wife Mackenzie Bezos arrive for morning session of the Allen
In this file photo taken on July 10, 2013, Jeff Bezos, founder and CEO Amazon.com, and his wife Mackenzie Bezos arrive for morning session of the Allen

Amazon’s Bezos, wife reach biggest divorce deal in history

ASEAN+ April 05, 2019 13:41

By AFP

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NEW YORK: Amazon founder Jeff Bezos and his wife, MacKenzie, finalised the biggest divorce settlement in history on April 4, leaving him with 75% of their stock in the tech giant and giving her nearly US$36bil (RM146.95bil) in shares.

MacKenzie Bezos said she would give all of her stake in The Washington Post and the space exploration firm Blue Origin to her husband – the world’s richest man – as well as voting control of her remaining Amazon stock.

Jeff Bezos, 55, and MacKenzie, 48, a novelist, married in 1993 and have four children. Jeff Bezos founded Amazon in their Seattle garage in 1994 and turned it into a colossus that dominates online retail.

In a filing with the US Securities and Exchange Commission, Amazon, which has a market capitalisation of some US$890bil (RM3.63tril), said MacKenzie Bezos will control 4% of the company’s outstanding common stock.

At Amazon’s current share price that would be worth some US$35.6bil (RM145.31bil).

According to Forbes magazine, the divorce settlement makes MacKenzie Bezos the third wealthiest woman in the world after L’Oreal heiress Francoise Bettencourt Meyers and Walmart’s Alice Walton.

Jeff Bezos, who now owns 12% of Amazon, remains the world’s richest man and the largest shareholder in the company with an estimated fortune of US$110bil (RM449.02bil), Forbes said, ahead of Microsoft co-founder Bill Gates and Berkshire Hathaway chairman Warren Buffett.

Jeff and MacKenzie Bezos announced their separation in January and posted Twitter messages on April 4 revealing the divorce settlement.

“Grateful to have finished the process of dissolving my marriage with Jeff with support from each other and everyone who reached out to us in kindness,” MacKenzie Bezos wrote.

“Happy to be giving him all of my interests in the Washington Post and Blue Origin, and 75% of our Amazon stock plus voting control of my shares to support his continued contributions with the teams of these incredible companies,” she said.

“Excited about my own plans. Grateful for the past as I look forward to what comes next.”

‘Partner, ally, and mother’

Jeff Bezos, in a Twitter message of his own, said his wife had been “an extraordinary partner, ally, and mother”.

“She is resourceful and brilliant and loving, and as our futures unroll, I know I’ll always be learning from her,” he said.

“I’m grateful for her support and for her kindness in this process and am very much looking forward to our new relationship as friends and co-parents,” Bezos added.

Bezos has largely kept his personal life private during his years steering Amazon.

But it was thrust into the spotlight with the announcement in January that he and his wife were divorcing after 25 years of marriage and the revelation by the National Enquirer that he had been having an affair with a former news anchor, Lauren Sanchez.

When the National Enquirer, controlled by President Donald Trump’s ally David Pecker, threatened to release lurid, intimate pictures of Bezos and Sanchez, Bezos fought back by releasing the details of his exchanges publicly.

“Rather than capitulate to extortion and blackmail, I’ve decided to publish exactly what they sent me, despite the personal cost and embarrassment they threaten,” Bezos wrote in a blog post.

A lawyer for the National Enquirer denied that the supermarket tabloid had tried to extort and blackmail the Amazon founder.

Trump has been a frequent critic of the Post, which Bezos purchased in 2013, claiming that the newspaper is biased against him and calling it the “Amazon Washington Post”.

Amazon shares closed down 0.1% at US$1,818.86 (RM7,424.59) on April 4.

Interpol red notice: global arrest system at risk of abuse

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File photo : Bahraini soccer player with Australian refugee status Hakeem Al-Araibi (2-L) is escorted out of court by Thai prison officers following an extradition hearing at the Criminal Court in Bangkok on February 4.//EPA-EFE
File photo : Bahraini soccer player with Australian refugee status Hakeem Al-Araibi (2-L) is escorted out of court by Thai prison officers following an extradition hearing at the Criminal Court in Bangkok on February 4.//EPA-EFE

  Interpol red notice: global arrest system at risk of abuse

ASEAN+ April 05, 2019 13:26

By AFP

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Lyon – The red notice, the best-known weapon in the arsenal of Interpol in snaring criminals, still risks being misused by authoritarian regimes despite an overhaul of the controversial system, observers say.

    The red notices are issued by the international police organisation to authorities worldwide asking for the arrest of individuals pending their extradition to the member state that wants to detain them.

But rights groups have repeatedly complained the system has been abused by government to nab dissidents, as well as dangerous criminals, and say problems remain despite a major revamp.

Russia, China and also Turkey — which stepped up a crackdown on wanted fugitives in the wake of the 2016 failed coup bid against President Recep Tayyip Erdogan — are regarded as the most egregious abusers of the red notice.

    But they are now being joined by a growing number of autocratically-ruled Latin American and Middle Eastern states.

– ‘No detailed information’ –

“There isn’t detailed public information around which states issue the most politically motivated or abusive Red Notices,” complained Alex Mik, Campaigns and Networks Director of the justice NGO Fair Trials.

“As well as Russia, China and Turkey, we’ve seen examples from Egypt, Azerbaijan, UAE, Venezuela, Iran, Indonesia, Bahrain, and more.”

After persecution and torture at home on Egypt, Sayed Abdellatif fled his home country and sought asylum in Australia in 2012.

But he was detained on the basis of an Interpol red notice issued by Interpol at Cairo’s request and spent five years held in a refugee detention centre before the warrant was lifted.

Footballer Hakeem al-Araibi, who was granted refugee status and residency in Australia in 2017 after fleeing his native Bahrain, was arrested while on honeymoon in Thailand in November on an Interpol notice.

Following a spell in detention that raised questions about the neutrality of Interpol, he was eventually allowed to go back to Australia.

Turkish-German writer Dogan Akhanli was unable to leave Spain for several months in 2017 after being briefly arrested on the basis of a red notice issued by Turkey.

– ‘Cases are reexamined’ –

From late 2014, the Secretary General of Interpol Juergen Stock launched a reform imposing new controls aimed at better ensuring the system was not abused by member states.

It also reviewed the working of its Commission for the Control of Interpol’s Files (CCF) which allows the examination and contestation of red notices.

The controversies come during a turbulent period for the group that saw its previous president, a former Chinese police official arrested by his home country, and his potential replacement by a Russian official raise fears of Kremlin meddling.

Financier Bill Browder, once a key investor in Russia who has hounded the Kremlin since the death in a Moscow prison of his lawyer Sergei Magnitsky in 2009, has been the target of repeated notices and even called a best-selling book about his experience “Red Notice”.

In comments to AFP, Stock defended the system, saying that “the review of notices and diffusions is done based on the information available at the time the request is made.”

“Whenever new and relevant information is brought to the attention of the General Secretariat, the case is re-examined,” he said.

– ‘Preposterous situations’ –

But Alain Bauer, professor of criminology at France’s National Conservatory of Arts and Crafts (CNAM), said greater and faster oversight was needed.

“There needs to be a speeding up of the timescale in which the CCF is used, with a kind of referral procedure for particularly preposterous situations.”

But Bauer argued completely ending the controversies is a near impossible task.

“Otherwise you will end up destroying what the whole machine was set up for in the first place. Interpol is an institution for transmitting information. And there are also true criminals in dictatorships”.

Also controversial are countries’ recourse to Interpol diffusions, which are less formal than a Red Notice but still serve as an international alert mechanism.

Stock insisted that Interpol is not “blind to the realities of shifting geopolitical situations. Interpol was created because of them.”

“It is precisely our efforts in supporting international police cooperation, especially where diplomatic relations do not exist, or when armed conflicts rage, which makes Interpol a vital part of global security.”

Asean payment connectivity a major step towards cutting transaction costs

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Bank of Thailand (BOT) Governor Veerathai Santiprabhob at a press conference in Chiang Rai
Bank of Thailand (BOT) Governor Veerathai Santiprabhob at a press conference in Chiang Rai

Asean payment connectivity a major step towards cutting transaction costs

ASEAN+ April 05, 2019 01:00

By WICHIT CHAITRONG
THE NATION
CHIANG RAI

MIGRANT WORKERS, tourists and small and big businesses will be able to cut the cost of their financial transactions in Asean after regulators, bankers and non-bank operators decided to integrate and upgrade their financial services across the region.

Eight Asean countries agreed on Asean Payment Connectivity, which aims to cut transaction fees for migrants, tourists and businesses, during the meeting of Asean Finance Ministers and Central Bank Governors in Chiang Rai Wednesday.

Bank of Thailand (BOT) Governor Veerathai Santiprabhob and Perry Warjiyo, governor of Bank Indonesia (BI) signed the memorandum of understanding on Cooperation in the Area of Payment Systems and Financial Innovation.

Veerathai and Bank of Laos governor Sonexay Sitphaxay also signed an MoU on Cooperation in the Areas of Financial Innovation and Payments Systems. The MoU targets enhanced collaboration on financial innovations and payment services to promote more efficient and secured domestic and cross-border transactions as well as to promote the use of local currencies.

The two central banks are working together to develop interoperable QR Code for payments and real-time remittance to facilitate cross-border retail payment services between Laos and Thailand.

“Our financial institutions have been collaborating to offer cross-border QR payments to enable easy and convenient payments for Lao and Thai tourists, as well as for SMEs [small and medium-sized enterprises] in both countries to receive payments in an efficient, convenient way. Progress was also achieved in the area of corporate funds transfers between the two countries using blockchain technology,” said a BOT statement.

Thanachart Bank (TBANK) has already joined the initiative for cross-border QR payment. TBANK has partnered with BCEL (Banque Pour Le Commerce Exterieur Lao Public), the largest commercial bank with the biggest market share in electronic banking in Laos, to launch QR payments for Lao tourists visiting Thailand.

“The two banks will officially launch QR payment services for Thai tourists visiting Laos,” said Anuwat Luengtaweekul, executive vice president of TBANK.

The Thai central bank also agreed to cooperate with central banks in Cambodia, Malaysia Myanmar, Philippines and Singapore on financial connectivity.

Banks and non-bank operators in Asean have joined the bandwagon.

“Today, we have witnessed collaboration among banks, non-banks and card companies to develop cross-border payment services using modern technologies, ranging from interoperable QR Code, Blockchain technology, Application Programming Interface [API], and card networks. These new services can serve the needs of different customer segments; improve efficiency of the regional financial system; facilitate business transactions and international trade; reduce the cost of service providers and customers; and enhance financial inclusion for a broad range of Asean population,” said Veerathai.

“The cooperation will cut the cost of exchange-rate risk and streamline financial transactions,” said BOT assistant governor Siritida Panomwon na Ayudhya.

Currently, migrants who send money back to their hometowns face high service fee for remittances. For example, people in Thailand transferring US$500 (Bt16,000) out of the country are charged a $36.40 service fee while the fees in Singapore and Malaysia are $16 and $15.50 respectively, she added.

Among Asean financial institutions, CIMB Group is already providing a cross-border money transfer service. CIMB has introduced the so-called SpeedSend for some years and plans to aggressively expand this market segment this year.

The group’s money transfer service uses API technology. It is an international remittance service offered at affordable fees and attractive rates, the group said. Not only does SpeedSend connect the 10 Asean countries, it also connects Asean with 31 other countries worldwide. This has been achieved through the adoption of API technology and establishment of partnerships and strategic alliances with financial institutions and other money transfer operators.

Currently, the majority of transactions originating at CIMB Thai are money transfers to Philippines.

“Customers will enjoy speedy delivery with our vast network and can collect the money in just minutes. Our large network base and same-day delivery for cash-to-cash service will enable your family and friends to collect money within 10 minutes, with service fee starting at Bt150 per transaction ” said Paisan Thumpothong, executive vice president at CIMB Thai Bank.

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U Kyaw Kyaw Maung, governor of Myanmar Central Bank, said migrant Myanmar workers – estimated to number 3 million in Thailand – would benefit from the remittance service provided by Krung Thai Bank and Myanmar-based Shwe Bank.

Ravi Menon, managing director of the Monetary Authority of Singapore, said that Thailand and Singapore will next year link Thai PromptPay and Singapore’s PayNow, which are payment systems that tie bank accounts with mobile phones, allowing customers to use mobile application for financial transactions.