Thousands without power as storm lashes Sydney

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Thousands without power as storm lashes Sydney

Breaking News February 09, 2019 14:03

By Agence France-Presse
Sydney

2,068 Viewed

Thousands of Sydney homes were without power Saturday after severe storms hit Australia’s largest city, causing transport hold-ups, inundating vehicles with floodwater and delaying a national football match.

Heavy rains and lightning storms lashed parts of Sydney late Friday, with close to 60 millimetres (nearly two and a half inches) of rain falling in some areas.

In Sydney’s west, which experienced some flash flooding, one suburb saw nearly 42 millimetres fall in a short downpour lasting just 30 minutes.

“It was a slow-moving storm with that warm humid air moving along the coast… that allowed for that increase of moisture,” Byron Doyle from the New South Wales Bureau of meteorology told AFP.

Images of cars submerged in floodwaters on main roads, broken traffic lights and fallen trees circulated on social media.

Energy companies reported that more than 40,000 customers were affected by power outages at the peak of the storm overnight, with more than 5,000 still without power early Saturday.

Emergency services fielded over 1,000 requests for assistance, including nine flood rescues in the Sydney area.

The rescues were “all for vehicles in flood water,” a New South Wales state emergency services spokesperson told AFP.

Flights were delayed at Sydney’s airport, while the storm caused havoc on some of the city’s train lines.

The start of a national Australian rules football women’s match was delayed twice, pushed back 45 minutes as heavy rain and lightning pummelled the oval.

Several light towers then went out mid-match during the live television broadcast, temporarily stopping the game during a reported blackout.

The Sydney storm comes as recovery efforts continue in Australia’s flood-ravaged northeastern state of Queensland, which over the past week has seen record-breaking rainfall, forcing hundreds of evacuations and thousands of requests for help.

Extreme heatwaves during the southern hemisphere summer have also led to temperature records being broken in some towns.

Eastern inland areas have been experiencing a severe drought, while firefighters in the country’s southern states have been recently battling bushfires.

High temperatures are not unusual in the Australian summer, but climate change has pushed up land and sea temperatures and led to more extremely hot days and severe fire seasons, scientists say.

Trump’s World Bank pick echoes calls for reform from other critics

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Trump’s World Bank pick echoes calls for reform from other critics

ASEAN+ February 09, 2019 12:29

By Agence France-Presse
Washington

2,211 Viewed

President Donald Trump’s choice to lead the World Bank is a firebrand critic of the world’s largest anti-poverty lender — an institution he has called wasteful, corrupt and overly generous to China.

Those criticisms are similar to those expressed by others in the development community. But that does not mean they have found a new ally in David Malpass, the senior US Treasury official who has pledged to reform the bank.

Nancy Pelosi, the newly reinstalled Democratic speaker of the US House of Representatives, says Trump’s choice threatens to “undermine the institution’s mission.”

And Liberia’s former minister of public works W. Gyude Moore tweeted that “an incorrigible arsonist will now be our fire chief.”

Still Malpass’s many criticisms of the Washington-based lender echo familiar refrains.

Many activists have long called for reforms at the World Bank, citing a litany of alleged human rights failures and scandals, and saying projects all too often left the world’s poorest even worse off, harmed the environment or entrenched the power of oligarchies and despots.

Those critics might well have nodded their heads in accord in 2017 when Malpass said international financial institutions such as the World Bank “spend a lot of money” but are “not very efficient.”

“They are often corrupt in their lending practices and they don’t get the benefit to the actual people in the countries,” he said in congressional testimony.

However, when pressed for examples, he cited situations in Venezuela and South Africa, countries that do not have programs with the World Bank.

Internal audits and outside reports have tied World Bank funds to forced labor in Uzbekistan, death squads in Honduras and a Chadian oil pipeline that enriched the undemocratic local government all while child mortality rose, to name just a few examples.

So is Malpass a kindred spirit?

Analysts and activists say probably not.

David Pred, head of Inclusive Development International, which has accused the World Bank of back-door financing for coal-fired energy in Asia that is likely to spur global warming, questioned Trump’s choice.

“While some of Malpass’s past critiques of the World Bank may be valid, the former chief economist of a financial institution whose recklessness helped blow up the global economy in 2008 is one of the last people we can count on to make the bank more accountable,” he told AFP.

Malpass served as chief economist at the former investment bank Bear Stearns, whose collapse marked the start of the global financial crisis.

‘Fundamentally opposed’?

Malpass is not viewed simply as a critic.

Moore, the former Liberian minister, told AFP that Malpass’ opposition to lending to China could be incompatible with the bank’s business model.

Returns from those loans provide helps to fund for assistance to low-income countries, many of which are now concentrated in Africa, he said.

“He’s never put forth an alternative about how the bank is going to grow its reserves,” Moore said.

“To have a person who is fundamentally opposed to the way the bank does business raises questions for me and is alarming.”

The bank did not respond to Malpass’s criticism in 2017 but it touts the precipitous drop in extreme global poverty — which it says fell to 10 percent from 36 percent between 1990 and 2015 — as evidence of its success.

The global lender also routinely blacklists corrupt companies and says it scrutinizes projects for corruption risk.

Malpass told reporters last week that the bank had changed since his 2017 testimony.

“There were criticisms that I had that were addressed in the reform package” of 2018, he said, adding that he wanted to focus on the bank’s “core mission” of poverty eradication.

The bank’s board will accept nominations for through mid-March, but under an unwritten rule Washington has anointed World Bank’s president since its creation following World War II — a practice that faces mounting opposition.

Elana Berger, executive director of the Bank Information Center, which scrutinizes World Bank lending, also is dubious about Malpass, despite sharing some of his concerns.

“I agree that the World Bank frequently falls short of achieving its mission because its projects are very often not well targeted” towards the goal of poverty reduction, she told AFP.

But it was unclear whether Malpass shares the bank’s goals.

In accepting Trump’s nomination last week, Malpass hailed the bank’s new Saudi-supported Women Entrepreneurs Finance Initiative, spearheaded by the president’s daughter and advisor Ivanka Trump.

Berger said that $1 billion fund represented “a drop in the bucket” compared to the billions the bank spends in a given year.

Trump says summit with Kim to take place in Hanoi

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In this file photo taken on June 11, 2018 North Korea's leader Kim Jong Un (R) walks with US President Donald Trump (L) during a break in talks at their historic US-North Korea summit, at the Capella Hotel on Sentosa island in Singapore./AFP
In this file photo taken on June 11, 2018 North Korea’s leader Kim Jong Un (R) walks with US President Donald Trump (L) during a break in talks at their historic US-North Korea summit, at the Capella Hotel on Sentosa island in Singapore./AFP

Trump says summit with Kim to take place in Hanoi

ASEAN+ February 09, 2019 10:28

By Agence France-Presse
Washington

2,961 Viewed

US President Donald Trump announced Friday that his upcoming summit with North Korean leader Kim Jong Un will take place in Hanoi on February 27 and 28.

“My representatives have just left North Korea after a very productive meeting and an agreed upon time and date for the second Summit with Kim Jong Un. It will take place in Hanoi, Vietnam, on February 27 & 28. I look forward to seeing Chairman Kim & advancing the cause of peace!” Trump tweeted.

“North Korea, under the leadership of Kim Jong Un, will become a great Economic Powerhouse,” he added.

“He may surprise some but he won’t surprise me, because I have gotten to know him & fully understand how capable he is. North Korea will become a different kind of Rocket – an Economic one!”

Humbled Goldman Sachs still faces questions on 1MDB

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Humbled Goldman Sachs still faces questions on 1MDB

ASEAN+ February 09, 2019 10:07

By Agence France-Presse
New York

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Goldman Sachs’s decision to potentially cut bonuses for top executives over the 1MDB scandal reflects an acknowledgement at shareholder and public outrage over the debacle.

The prestigious investment bank announced last week that it could withhold millions of dollars in bonuses to former Chief Executive Lloyd Blankfein and two other retired executives depending on the outcome of ongoing probes into the Malaysian fund.

The bonuses were first approved in 2011 and the annual payouts depend on the firm’s performance over the ensuing eight years. In Blankfein’s case, the bonus began at $7 million and nearly doubled, according to US securities documents.

Beyond the bonuses, Goldman also said it could claw back compensation from current chief executive David Solomon and two other current senior executives, president John Waldron and chief financial officer Stephen Scherr.

Solomon was paid $23 million last year, including $15.4 million in stock options.

The announcement on bonuses was intended as a message for shareholders who are upset at how the corruption scandal has tarred the bank’s image at a time when it is working to build up its consumer banking business through the online platform Marcus, according to two people familiar with the matter.

The board of directors wants shareholders to know it is not blind to the gravity of the situation, said one of the sources, adding that the message was not meant to be an admission of wrongdoing.

Besides Solomon, who also serves as chairman, Goldman’s 13-member board includes ArcelorMittal chief executive Lakshmi Mittal.

Experts say Goldman Sachs could face a fine of perhaps $2 billion under a criminal case related to 1MDB.

Under scrutiny

In January, Solomon apologized to Malaysia over the scandal and the involvement of former Goldman partner Tim Leissner, who had pleaded guilty to violating US anti-bribery and money laundering laws.

Solomon’s statement stood out in tone from that of Blankfein, who said during the height of the financial crisis in 2009 that he was “doing God’s work” in helping companies raise capital.

US authorities have accused a Malaysian financial intermediary, Low Taek Jho, along with Leissner and another former Goldman banker, Ng Chong Hwa, of conspiring to launder billions of dollars from 1 Malaysia Development Berhad, a sovereign wealth fund set up for development of the country. Goldman garnered $600 million in fees and revenues from 1MDB bond transactions.

US officials maintain that more than $2.7 billion in funds went to kickbacks and bribes.

Pointed questions facing Goldman Sachs include revelations it proceeded with its first transaction with 1MDB to finance a $1.75 billion purchase of power plants despite being warned by rival bank Lazard that the deal looked suspicious, according to a source.

Also, a division of the investment bank agreed to do business with Low Taek Jho even though he was rejected in 2011 from opening an account because bank officials could not determine the source of his wealth, a person familiar with the matter told AFP.

“The due diligence functions at Goldman Sachs fell apart,” said Richard Bove, analyst at Odeon Capital and a frequent Goldman critic.

“If you’re going to raise $6 billion for someone you better know everything there is to know about that someone.”

The three transactions were presented to the bank’s investment committees for Asia and firm-wide, which required 1MDB to pay a larger-than-usual fee because 1MDB was opposed to a syndicated loan, saddling Goldman with all of the risk, a source said.

Goldman declined comment and Lazard did not respond requests for comment.

US envoy to meet with North Korea again ahead of Trump-Kim summit

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US envoy to meet with North Korea again ahead of Trump-Kim summit

Breaking News February 09, 2019 07:09

By Agence France-Presse
Seoul

The US State Department announced Friday that the special US envoy for North Korea will meet again with North Korean officials before a second summit between President Donald Trump and Kim Jong Un — hours after he returned to Seoul from talks on the summit’s agenda.

In a statement, the State Department said talks during Stephen Biegun’s three-day trip explored Trump and Kim’s “commitments of complete denuclearization, transforming US-DPRK relations and building a lasting peace on the Korean Peninsula” in preparation for the much-anticipated summit in Vietnam on February 27 and 28.

Biegun landed at Osan US Air Base Friday evening, foreign ministry spokesman Noh Kyu-duk told AFP.

The State Department confirmed Biegun agreed to meet his North Korean counterpart Kim Hyok Chol again before the summit.

Biegun is expected to share details of his Pyongyang meetings with his South Korean counterpart Lee Do-hoon and Foreign Minister Kang Kyung-wha on Saturday.

Attention will focus on whether the US team have offered to lift some economic sanctions in return for Pyongyang taking concrete steps towards denuclearisation.

Discussions on declaring an end to the 1950-53 Korean War could also have been on the table, with Biegun last week saying Trump was “ready to end this war.”

The three-year conflict ended in an armistice, not a peace treaty, leaving the two Koreas still technically at war, with the US keeping 28,500 troops in the South.

The US envoy was also likely to have discussed with his counterpart protocol and security matters for the upcoming Trump-Kim summit.

At their landmark summit in Singapore last year, the mercurial US and North Korean leaders produced a vaguely-worded document in which Kim pledged to work towards “the denuclearization of the Korean peninsula.”

But progress has since stalled, with the two sides disagreeing over what that means.

Experts say tangible progress on Pyongyang’s nuclear weapons will be needed for the second summit if it is to avoid being dismissed as “reality TV.”

One dead, four injured in Spanish train collision

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One dead, four injured in Spanish train collision

ASEAN+ February 09, 2019 07:07

By Agence France-Presse
Madrid

A train driver died and four people were seriously injured in northeast Spain Friday when two trains collided head-on outside Barcelona, the rail company and emergency services said.

The crash occurred during the after-work rush hour, near Castellgali some 50 kilometres (31 miles) from the Catalan capital, national rail company Renfe said in a statement.

The collision claimed the life of a 26-year-old driver and severely injured four passengers, while another 100 suffered minor injuries, the emergency services said on Twitter.

Sixty-five people were unharmed.

Renfe said an investigation was opened into the crash.

In November, one person died and 49 others were injured on the same line when a landslide caused a train to derail.

Plastic bag causes death of whale shark in Sabah

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Plastic bag causes death of whale shark in Sabah

Breaking News February 09, 2019 01:00

By The Star
Asia News Network

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KOTA KINABALU: A whale shark was found dead in waters off the Tanjung Aru beach in Menumbok, some 140km from here.

Postmortem results showed the shark had died of starvation and indigestion as it had a huge plastic bag stuck in its stomach.

Sabah Wildlife Department director Augustine Tuuga said the department sent a team to check on the carcass after being informed by a teacher who stumbled across it on Tuesday (Feb 5).

“When we heard the news, I directed our Wildlife Rescue Unit (WRU) to investigate,” he said in a statement issued on Friday (Feb 8).

Augustine said the team did not find any other beached carcasses but the postmortem found the large plastic bag in the whale shark.

“The plastic bag, measuring 46cm in length by 32cm in width, caused a physical obstruction in its gastrointestinal tract,” he said.

WRU manager Dr Sen Nathan said it was evident the cause of death was due to intestinal obstruction leading to starvation and death.

He said plastic pollution in our oceans is a very serious threat to marine wildlife.

“This should be a grave reminder to us that disposing of plastic correctly or, even better, not using plastic bags and other plastic paraphernalia at all is the best solution in protecting our ocean’s inhabitants,” Dr Sen said.

Plastics are often mistaken for jellyfish and other food sources by marine creatures, and have been found to be the source of death in many of them.

Marzuki: I will leave it to the PM to decide

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File photo : Deputy Foreign Minister Datuk Marzuki Yahya
File photo : Deputy Foreign Minister Datuk Marzuki Yahya

Marzuki: I will leave it to the PM to decide

ASEAN+ February 09, 2019 01:00

By The Star
Asia News Network

2,730 Viewed

PETALING JAYA: Deputy Foreign Minister Datuk Marzuki Yahya, whose academic credentials have come into question, says he will leave it to Dr Mahathir Mohamad to decide his fate.

“I will leave it to the Prime Minister to decide on my positions as deputy foreign minister, Bersatu secretary-general and other party roles,” he said in his first statement since the scandal broke.

Dr Mahathir is the chairman of his party, Parti Pribumi Bersatu Malaysia.

Marzuki recently said his degree was from Cambridge International University in the United States, not the University of Cambridge, the prestigious UK institution.

In his statement Friday (Feb 8), Marzuki said he has never inserted any information on his education qualifications in his Wikipedia page, and also did not order anyone to edit it.

“Wikipedia can be edited by anyone at any time. Honestly, I have never inserted any information with regard to my education in Wikipedia.

“I also never asked anyone to do it.

“When I was asked by the media, I clearly said that my degree came from Cambridge International University (CIU) in the United States and not the University of Cambridge (of the United Kingdom),” he said.

“It was never my intention to pretend I was educated in the University of Cambridge,” said Marzuki.

However, a July 19, 2018 Bernama press release announcing Marzuki’s appointment as senator said he had pursued “a Bachelor’s degree in business administration, majoring in logistics via a long-distance learning programme at the University of Cambridge.”

There was no attempt to correct the information at the time, either by Marzuki or his office.

While the UK-based University of Cambridge has no such distance-learning programme, the US-based CIU only offers online, distance-learning programmes, with the total cost of a degree course coming in at only US$5,000 (about RM20,000), with fees payable via PayPal.

Marzuki said he started his studies at CIU in 2002, 17 years ago.

“There were no systemised and proper university rankings at that time or lists of ‘bogus universities’.

“I also completed all assignments as requested,” he said.

Along with the press statement, Marzuki also attached transcripts of his degree.

“It never crossed my mind that I would one day hold a top position in the government,” he said.

CIU states on its website that it is not accredited. Since Marzuki’s admission he got his degree from the US and not the UK institution, CIU has come under intense scrutiny and increasing suspicion that it is a “diploma mill” that awards degrees with little or no study.

It claims to offer 150 programmes, but only has 12 faculty members and 13 adjunct faculty members listed on its website, which is currently down.

Furthermore, pictures of many of its faculty members seem to be stock images, while one carries the watermark of an online dating site.

Attempts by The Star to email multiple faculty and adjunct faculty members for clarification failed when the mail delivery subsystem noted that these email addresses could not be found or the server was unable to receive mail.

In his statement Friday, Marzuki said that he had pursued the course at CIU merely to gain knowledge on logistics as he was the chief executive officer of a logistics company in Penang then.

Why VN for Trump-Kim meet?

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US President Donald Trump (right) meets North Korean leader Kim Jong-un at the start of their US-North Korea summit in Singapore on June 12.//AFP
US President Donald Trump (right) meets North Korean leader Kim Jong-un at the start of their US-North Korea summit in Singapore on June 12.//AFP

Why VN for Trump-Kim meet?

Breaking News February 09, 2019 01:00

By AFP

2,647 Viewed

Communist-run but with capitalist leanings, and a friend to both the US and North Korea, Vietnam will host the next summit between US President Donald Trump and North Korean leader Kim Jong-un from February 27-28.

Like North Korea, Vietnam was once locked in a bloody and bitter war with the US.

But unlike Pyongyang, Hanoi now counts Washington among its closest allies, emerging from the ravages of war to become one of the fastest growing economies in Asia – and one of the most diplomatically savvy.

Here are a few reasons why it was chosen to host the second Trump-Kim summit:

Does it make logistical sense?

Vietnam ticks a lot of boxes. It is a short enough flight from Pyongyang for Kim, who otherwise travels by armoured train.

It is also home to both US and North Korean embassies to help with pre-summit arrangements.

Hanoi enjoys friendly ties with both countries and is considered “neutral” territory, unlike, say, the US state of Hawaii, which was also rumoured as an option.

Security in the communist country is tight even during normal times. Authorities will carefully control media access and crowds for an event where the choreography between the leaders will be closely watched across the world.

Why is Kim on board with Vietnam?

Vietnam is one of a handful of countries with which North Korea has good relations.

Diplomatic ties between Hanoi and Pyongyang date back to 1950, and North Korea sent air force personnel to the communist North during the Vietnam War.

The last top North Korean leader to visit Vietnam was Kim Jong-un’s grandfather Kim Il-sung in 1958, though several senior officials have visited since then.

While trade has dipped in the wake of UN sanctions against Pyongyang, it reached $7 million in 2017.

Kim’s trip to Vietnam – it will be his first – could also be a chance for him to learn from Vietnam’s post-war economic transformation.

“[Kim] would be interested in seeing the Vietnam story for himself, that can be a good source of inspiration and reflection for him to think about the way he should take North Korea forward,” said Le Hong Hiep, a Vietnam expert at Singapore’s ISEAS-Yusof Ishak Institute.

What about Washington?

Vietnam might also be a strategically important location for the US, which is currently locked in a trade war with China – one of North Korea’s closest allies.

Trump could use Vietnam to “signal to Beijing that North Korea is not in your hands, we have a counterbalance to Chinese influence in this area”, said Cheon Seong Whun, a visiting research fellow at the Asan Institute for Policy Studies in Seoul.

Washington is also keen to show off Vietnam’s economic success story, touted by US Secretary of State Mike Pompeo during a visit to the country last year.

“Your country can replicate this path. It’s yours if you’ll seize the moment,” Pompeo said in remarks aimed at Kim.

“It can be your miracle in North Korea as well.”

Why is Vietnam keen to host?

Vietnam is eager to showcase its diplomatic gravitas on a global stage, following on from the Asia-Pacific Economic Cooperation (Apec) summit in 2017 and a regional World Economic Forum meeting last year.

The Trump-Kim meet could pay off in more ways than one.

Hosting the box-office summit could boost “Vietnam’s status in the international community, which helps the country attract tourism and foreign investment”, said Vu Minh Khuong, a policy analyst at the Lee Kuan Yew School of Public Policy in Singapore.

Fire in Brazil kills at least 10 in Flamengo youth football facility

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  • Flamengo team logo
  • The fire happened at the Flamengo’s state-of-the-art centre (Twitter Photo)

Fire in Brazil kills at least 10 in Flamengo youth football facility

ASEAN+ February 08, 2019 19:45

By AFp

2,491 Viewed

Rio de Janeiro – Fire swept through a training facility for Brazil’s most popular football club Flamengo Friday, killing at least 10 people, authorities said.

The pre-dawn blaze in Rio de Janeiro hit a building that housed youth-category players aged 14 to 17, firefighters said. In addition to the deaths, three people were injured in the fire. The cause was not immediately known.

Globo TV broadcast aerial footage of the fire, which it said had been brought under control after it burned for two hours.

The fire broke out at 5 am in the Vargem Grande district of Rio in a modern facility where the top-flight professional Flamengo squad also trains, the news website G1 said.

    The dead were six players and four team staff, the channel Sportv said.

The main team had been due to practice at the same facility later in the morning.

Youth league teams also train at the facility, known as Ninho do Urubu.

Flamengo is the most popular club in football-crazed Brazil.

Distraught relatives rushed to the facility seeking information about loved ones, TV footage showed.

The training camp is in an area of western Rio that was hit by a huge storm Wednesday night. Six people were killed.

Because of those heavy rains the football facility remained without electricity or water Friday as the fire broke out, G1 reported.