MUHARRAM 21,1440 AH MONDAY, OCTOBER 1, 2018
Max 41º 28 Pages Min 2٤º 150 Fils Established 1961
ISSUE NO: 17645 The First Daily in the Arabian Gulf www.kuwaittimes.net
Kuwait Airways launches flights ‘We fell in love’: Trump Saudi Arabia embraces yoga From Syria to Innsbruck, 3 to GCC states from new terminal 6 swoons over Kim letters 19 in pivot towards ‘moderation’ 26 cyclist’s amazing journey
Amir, Saudi Crown Prince discuss common Gulf action
Prince Mohammad bin Salman arrives on official visit to grand welcome
KUWAIT: HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah receives Saudi HH the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah welcomes Saudi Crown Prince Mohammad bin Salman at the Crown Prince Mohammad bin Salman at Bayan Palace yesterday. — KUNA airport yesterday.
KUWAIT: HH the Amir Sheikh Sabah Al-Ahmad Al- Prime Minister and Foreign Minister Sheikh Sabah Al- Prince Mohammad is also expected to discuss the Jaber Al-Sabah held official talks with visiting Saudi Khaled Al-Hamad Al-Sabah and Minister of Amiri resumption of oil output from the Neutral Zone, which Kuwait Times, Saudi Crown Prince, Deputy Premier and Defense Minister Diwan Sheikh Ali Jarrah Al-Sabah. Prince Mohammad the kingdom shares with Kuwait, a source familiar Mohammad bin Salman bin Abdulaziz yesterday on was earlier received at the airport by HH the Crown with the matter told Reuters. Prince Mohammad is efforts to support common Gulf action. HH the Amir, Prince Sheikh Nawaf, Foreign Minister Sheikh Sabah accompanied by Energy Minister Khalid Al-Falih dur- Ministry of Media in accompanied by HH the Crown Prince Sheikh Nawaf Al-Khaled and senior state officials. ing his trip to Kuwait, two separate sources said. Al-Ahmad Al-Jaber Al-Sabah, and Prince Mohammad A Gulf Arab official told Reuters the conflict with Senior officials have been trying for months to resolve historic partnership bin Salman said support of common Gulf action was Qatar will be on the agenda in the talks. Saudi Arabia, the closure of the Neutral Zone’s jointly operated oil- within the solid bonds among the Gulf Cooperation the United Arab Emirates, Bahrain and Egypt have fields, mainly Khafji and Wafra. It was not clear KUWAIT: Kuwait Council (GCC) countries. imposed sanctions on Qatar accusing it of cozying up whether the renewed talks on the Neutral Zone would Times is excited to They also discussed ways of boosting bilateral rela- to Iran - their arch regional rival - and supporting ter- result in the resumption of oil production from the announce an official tions in all domains, as well as regional and international rorism. Doha denies the accusations. Kuwaiti mediation area, one of the sources said. partnership with the developments. The meeting was attended by acting efforts have failed so far to end the crisis. Continued on Page 24 Saudi Ministry of Media. The coopera- tion was agreed upon warnings came that the eventual toll could reach thou- News in brief under the umbrella of Indonesia mourns sands. “The casualties will keep increasing,” said Kuwait hosting the visit national disaster agency spokesman Sutopo Purwo of Saudi Crown Prince Nugroho, whose agency announced the jump in the toll Military officer arrested Mohammed bin Salman as quake death from 420 earlier. “Today we will start the mass burial of Al-Saud and as part of victims, to avoid the spread of disease.” KUWAIT: Kuwait enlisted the aid of Interpol to the Saudi Vision 2030, toll jumps to 832 Rescuers on Sulawesi island raced against the clock arrest a military officer accused of stealing public Crown Prince Kuwait Times Deputy Editor- and a lack of equipment to save those still trapped in funds, the interior ministry said yesterday. The inte- Mohammed’s vision for in-Chief Ziad Al-Alyan PALU, Indonesia: The death toll from Indonesia’s the rubble, with up to 60 people feared to be under- rior ministry worked closely with the global police developing Saudi quake and tsunami disaster nearly doubled to 832 yes- neath one Palu hotel alone. Rescuers said they heard body to repatriate one of the suspects involved in Arabia and the region. terday and was expected to rise further, prompting voices and a child’s cries from under the rubble. the squandering of public funds to ensure that he During a meeting yesterday between Kuwait authorities to announce mass burials in a desperate Desperate survivors, now facing a third straight night ultimately stands trial, the ministry said in a state- Times Deputy Editor-in-Chief Ziad Al-Alyan and attempt to stave off disease. As shattered survivors sleeping outdoors, turned to looting shops for basics ment. It emphasized that the misuse of public funds Nada Al-Tuwaijri, advisor at the Saudi Ministry of scoured make-shift morgues for loved ones, and like food, water and fuel as police looked on, unwilling is punishable under the rule of law, vowing to pursue Media, the two sides agreed to develop a program authorities struggled to dig out the living or assess the or unable to intervene. and bring to justice anybody involved in such nefari- of cooperation that includes editorial and media scale of the devastation beyond the city of Palu, grim Continued on Page 24 ous practices. —Hanan Al-Saadoun cooperation, digital media development, youth train- ing programs and outreach. “We are delighted to be partnering with our PART ready for rainy season Saudi counterparts to develop a stronger, more The Public Authority for Roads and proactive and digital-focused media that tells KUWAIT: Transportation (PART) affirmed yesterday full Kuwait and Saudi stories to the outside world,” said readiness for the rainy season this year. Director- Ziad Al-Alyan. Kuwait Times, the oldest English-lan- General of PART Ahmed Al-Hassan said there will guage newspaper in the Gulf region, serves the be regular inspection visits to check the readiness country’s English-reading community as well as the of rainwater pumps, stressing he will personally hold growing population of bilingual Gulf youth and the an inspection tour. Hassan noted that the capacity of international community interested in Kuwait and one pump is 225 liters per second and this indicates Gulf affairs. the high performance of the pumps. - KUNA “Saudi Arabia and Kuwait are historic allies and we look forward to working with Kuwait Times for a long and fruitful partnership,” said Nada Al-Tuwaijri. “This cooperation comes as part of His Highness the UAE approves $16.4bn budget Crown Prince’s vision for developing and expanding ABU DHABI: The UAE yesterday approved a zero- ties, including media relations, with our neighbors in deficit 60.3 billion dirham ($16.4 billion) budget for order to support his Vision 2030 for Saudi Arabia’s 2019, up 17 percent from this year’s budget and the future.” largest in the country’s history. Over 40 percent of The planned cooperation will be outlined in an next year’s budget will go towards community official memorandum of understanding to be signed development, 17 percent towards education and 7 by the two sides at a later date. The cooperation percent to healthcare. The UAE’s Vice President comes in line with Kuwait’s long and historical ties Sheikh Mohammed bin Rashid Al-Maktoum said with neighboring Saudi Arabia. Yesterday, HH the the cabinet also approved a 180 billion dirham Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber budget for the next three years. “Fifty-nine percent Al-Sabah hosted Prince Mohammed at Bayan Palace of [the three-year budget] will go towards educa- during the crown prince’s historic visit to Kuwait. PALU, Indonesia: Rescue personnel evacuate earthquake survivor Ida, a food vendor, from the rubble of a col- tion and social development,” Sheikh Mohammed, lapsed restaurant yesterday. — AFP also the ruler of Dubai, tweeted yesterday. — AFP 2 Established 1961 Local Monday, October 1, 2018 Amir receives top officials at Bayan Palace
KUWAIT: His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah received Sabah received Acting Prime Minister and Minister of Foreign Affairs received His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al- National Assembly Speaker Marzouq Ali Al-Ghanem. Sheikh Sabah Khaled Al-Hamad Al-Sabah. —KUNA photos Jaber Al-Sabah.
His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al- His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al- His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah Sabah received Deputy Prime Minister and Minister of State for Cabinet Sabah received Deputy Prime Minister and Minister of Interior Sheikh received Acting Prime Minister and Minister of Foreign Affairs Sheikh Affairs Anas Al-Saleh. Khaled Al-Jarrah Al-Sabah. Sabah Khaled Al-Hamad Al-Sabah.
KUWAIT: His Highness the Amir Sheikh Sabah Al- Al-Hamad Al-Sabah. prosperity for his country. HH the Crown Prince Sheikh Ghanem at Bayan Palace. HH the Crown Prince also Ahmad Al-Jaber Al-Sabah yesterday received His Later, HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Nawaf Al-Ahmad Al-Jaber Al-Sabah and HH the Prime received Acting Prime Minister and Minister of Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Sabah sent a cable of congratulations to President Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah Foreign Affairs Sheikh Sabah Khaled Al-Hamad Al- Al-Jaber Al-Sabah at Bayan Palace. HH also received Mokgweetsi Masisi of the Republic of Botswana on its also sent similar cables to Botswana’s President. Sabah, Deputy Prime Minister and Minister of Interior National Assembly Speaker Marzouq Ali Al- national day. HH the Amir congratulated Masisi on his Moreover, HH the Crown Prince Sheikh Nawaf Al- Sheikh Khaled Al-Jarrah Al-Sabah, and Deputy Prime Ghanem. HH later received Acting Prime Minister country’s national day, wishing him perpetual good Ahmad Al-Jaber Al-Sabah yesterday received the Minister and Minister of State for Cabinet Affairs and Minister of Foreign Affairs Sheikh Sabah Khaled health and wellness, as well as further progress and Speaker of the National Assembly Marzouq Ali Al- Anas Al-Saleh. —KUNA
Kuwait health ministry opens new building Kuwait relations ‘distinct’ in all fields: Jordan PM AMMAN: Jordan’s Prime Minister Dr wider areas of cooperation to serve Omar Al-Razzaz yesterday stressed on the interests of both countries on vari- the depth of “historical and brotherly” ous regional and international issues. relations between Jordan and Kuwait “The Jordanian-Kuwaiti economic in all fields. This came during Al- relations are an example of Arab Razzaz’s meeting with Kuwait’s cooperation in all fields”, he said, not- Ambassador to Jordan Aziz Al-Dehani, ing that Kuwaiti investments in Jordan where they discussed methods to rank first among Arab and foreign strengthen Jordanian-Kuwaiti ties, a investments. For his part, Ambassador statement by Jordanian Prime Minister Al-Dehani told KUNA he conveyed bureau said. the greetings of the Kuwaiti political The relations between the two leadership to the Jordanian Prime countries have been bolstered by the Minister and emphasized on the his- support of the senior political leader- toric depth of relations between the KUWAIT: The opening ceremony of the new licensing building by the Kuwait Health ship led by King Abdullah II of Jordan two countries and keenness to Minister of Health Sheikh Dr Basel Al-Sabah Ministry. — KUNA photos and His Highness the Amir of Kuwait strengthen them in various fields. Al- Sheikh Sabah Al-Ahmad Al-Jaber Al- Dehani also emphasized Kuwait’s Sabah, the statement said. Al-Razzaz determination to back up Jordan and stressed Jordan’s keenness to develop bilateral relations between the strengthen bilateral relations and open two countries. —KUNA
KUWAIT: Minister of Health Sheikh Dr Basel Al-Sabah attended the inauguration ceremony. He praised the efforts of all those who con- AMMAN: Jordan’s Prime Minister Dr Omar Al-Razzaz meets with Kuwait’s opening of the new licensing building yesterday. “The new licensing tributed to the planning, construction and equipping of the building. Ambassador to Jordan Aziz Al-Dehani. —KUNA building marks the beginning of a new stage in work development The minister emphasized that the project aims to encourage invest- procedures for health licenses,” the minister said in a statement at the ments, upgrade procedures and partnerships in Kuwait. — KUNA
Information undersecretaries of Yemen coalition hold coordination meeting RIYADH: Undersecretaries of ment in order to confront the Houthi Information from member states of and Iranian media in the region and the coalition to restore legitimacy in the world, Al-Ghamdi said. Moreover, Yemen met yesterday in Riyadh to it is designed to work out “a mecha- discuss ways for “coordinating infor- nism to activate the joint media dis- mation efforts.” Saudi course of the coalition members and Undersecretary for External Media enhance cooperation among them”. at the Information Ministry, Dr Al-Ghamdi has noted that the dis- Khaled Al-Ghamdi, said, in his cussions will focus on the develop- address to the conferees, that the ment of joint mechanisms to confront meeting is a follow-up gathering to any hostile media outlets and support the coalition information ministers’ media institutions in the coalition meeting which was held in Jeddah countries. Kuwaiti Undersecretary of last June. Information Tariq Al-Mizrim and Yesterday’s meeting is scheduled Assistant Undersecretary for external to follow up on the ministerial meet- media in Information Ministry Faisal ing recommendations and “adopt Al-Mutlaqim also attended the meet- executive mechanisms,” Al-Ghamdi ing with the agenda to address coop- added. The meeting also aims to sup- eration with the Yemeni Ministry of RIYADH: Information undersecretaries of Yemen coalition at the coordination meeting. — KUNA photos port the legitimate Yemeni govern- Information. —KUNA 3 Local Monday, October 1, 2018 Kuwait flag carrier launches flights to GCC countries via new terminal The number of passengers using T4 will reach between 4.5 to 5m annually
KUWAIT: Kuwait Airways chairman Yousef Al-Jassem speaks to the press. Passengers and staff busy on the opening day of the new T4 passenger terminal. — Photos by Yasser Al-Zayyat
By Faten Omar
KUWAIT: Kuwait Airways Corporation (KAC) began operating all its flights to Gulf Cooperation Council (GCC) countries yesterday from the new T4 passenger terminal. KAC Chairman Yousef Abdul Hameed Al- Jassem said: “We hope from mid-November to fully operate and expand flights to the rest of the Arab nations, Europe, US, the Indian subcontinent and South East Asia.” Jassem added operation of all flights is in coordina- tion with the General Administration of Civil Aviation of Kuwait, Incheon, the Korean company operating the terminal, the ministry of interior and the General Administration of Customs, pointing out that the num- KAC CEO Abdullah Al-Sharhan ber of flights through T4 will reach 184 with the expan- sion of Kuwait Airways. day. “We will operate a maximum of 34 flights per day. He predicted the number of passengers using T4 will After a week to 10 days, flights to other countries will reach between 4.5 to 5 million annually, noting that gradually move from the old airport to T4, and full Kuwait Airways has not faced any problem since the operations will start by the end of 2018,” he said. first day of operation of T4. “The company’s market Meanwhile, the Director General of Kuwait’s General share increased with the increase in bookings. Kuwait Directorate for Civil Aviation Yousef Al-Fouzan told Airways will make efforts to enhance this share among KUNA that flights to GCC destinations have success- competing companies,” he said. Jassem expressed his fully been launched out of the new terminal. He pointed thanks and gratitude to HH the Amir Sheikh Sabah Al- out that a team of experts is evaluating flight operations Ahmad Al-Jaber Al-Sabah and HH the Crown Prince in an effort to pinpoint any hurdles that could encumber Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah for the travel at the newly opened terminal. Kuwait’s continuous support of Kuwait Airways. International Airport has seen a spike of up to 10 per- KAC CEO Abdullah Al-Sharhan said 28 flights cent in passenger traffic with the completion of the arrived and departed from T4 to GCC countries yester- sprawling terminal.
electronic newspaper Ali Abdulfatah, said KUNA chief Spokesperson of the Ministry of Information Dr Abdullah Al-Maghlooth. The Kuwaiti side at the meet- ing consisted of KUNA board members, Deputy receives Saudi Director General for Financial and Administrative Affairs Abdulhameed Malak, Chief Editor Saad Al-Ali, Crown Prince’s the director of the general director’s bureau Nayef Al- Otaibi and the director of marketing and public rela- tions Esam Al-Rowayeh. The two parties discussed media delegation their significant media relations and ways of strength- ening these ties to include all media sectors. KUWAIT: Chairman and Director General of Kuwait On his part, Sheikh Mubarak Al-Duaij said “the News Agency (KUNA) Sheikh Mubarak Duaij Al- Crown Prince’s visit to Kuwait is very important in Ibrahim Al-Sabah received the media delegation light of the challenges that the Arab region is facing, in accompanying Saudi Crown Prince Mohammad bin addition to the two countries’ keenness on consulta- Salman Al-Saud at KUNA’s headquarters yesterday. tion and coordination on various causes, regionally The delegation, headed by Chairman of Saudi Press and internationally.” While Al-Hussain affirmed in a Agency (SPA) Abdullah Bin Fahad Al-Hussain, includes statement to KUNA his keenness to regularly meet chief editor of Aljazeera newspaper Khaled Al-Malek, with Sheikh Mubarak Al-Duaij Al-Sabah, noting such chief editor of Al-Watan newspaper Othman Bin that a gathering constitutes an opportunity to benefit Mahmoud Al-Seeny, their counterpart at Al-Madina from Sheikh Mubarak’s long media expertise at the newspaper Fahad Al-Aqran, editor-in-chief at Sabq local, Gulf and Arab levels. —KUNA
KUWAIT: Chairman and Director General of (KUNA) Sheikh Mubarak Duaij Al-Ibrahim Al-Sabah receives Chairman of (SPA) Abdullah Bin Fahad Al-Hussain. —KUNA
Public Works Ministry Kuwait’s embassy in focusing on projects Japan warns Kuwaitis in Northern Kuwait of typhoon Trami KUWAIT: Ministry of Public Works said yesterday that it TOKYO: Kuwait’s embassy in Japan has warned is now focusing on projects in the northern region of Kuwaitis visiting or residing in Japan to take precau- Kuwait such as Boubyan Island and Al-Harir City’s devel- tionary measures against the tsunami that swept opment project. Spokesman of the Ministry Abdulmuhsen through the southern region of the Far East Asian Al-Enizi told KUNA that the northern region’s develop- country, and is now heading towards the capital ment project includes linking Boubyan Island to Subiya Tokyo. The embassy called on Kuwaitis to comply area, stating that the entire project is a part of Kuwait’s with safety instructions issued by the local Japanese 2035 vision. Sheikh Jaber Bridge, which will link Kuwait City to areas in the north of the country over Kuwait Bay, authorities, urging them to communicate with the is also one of the main components of the state develop- embassy in case of required assistance or an emer- ment project, he said. Boubyan Island and Al-Harir City’s gency. The embassy provided the following contacts: development project will be at a total cost of KD 30 bil- Phone number: 03-3455-0361 Email: lion (approximately USD 100 billion). —KUNA [email protected] 4 Established 1961 Local Monday, October 1, 2018
Photo of the Day
KUWAIT: Great Cormorant birds fly in the sky of Jahra Natural Reserve. —KUNA photo ABK sponsors Teddy Bear Hospital initiative for the third consecutive year
KUWAIT: Building on a successful partnership, and with a view to engage with its community, Al Ahli Bank of Kuwait (ABK) sponsored the ‘Teddy Bear Hospital’ initiative for the third consecutive year. The event, held at 360 Mall from 27- 29 September, was organized by student volunteers from the Faculty of Medicine at Kuwait University. ABK’s support for the worldwide ‘Teddy Bear Hospital’ initiative aims to promote early-learning- through-play, in an impactful manner for children of all ages. This year’s event saw a large number of children interacting with young doctors in an approachable and interactive environment over a three-day period. These students were given the opportunity to experience the atmosphere of a hospital and under- stand the compassion and knowledge required to become a medical professional, without being patients themselves. The Teddy Bear Hospital Kuwait is a local version of an international project, which aims to reduce childhood anxiety and fear factor about medical environments, procedures and professionals, through an educational, fun and inter- active project. Fawzy Al Thunayan, Sahar Al Therban and Fajer Al Kandari with student volunteers from the Faculty of Medicine during the opening of the Teddy Bear Hospital at 360 Mall.
of the state’s Public GCC housing Authority for Housing Speaking to KUNA after the meeting, she said Welfare in a press release. Council of Arab that the council has been instrumental in providing undersecretaries Conferees agreed on the Arab women with business opportunities in a infeasibility of continuing to Businesswomen appoint region that still remains highly patriarchal. She update the GCC housing went on to say that the Council of Arab adopt joint action database now that a spe- Sheikha Hessa as chief Businesswomen, which has received much global cialized and inclusive statis- acclaim as of late, aims to fund development proj- tics’ center is available, he CAIRO: The Council of Arab Businesswomen has ects pioneered by women in the wider Arab region. strategy noted. Furthermore, Al- unanimously elected Kuwait’s Sheikha Hessa Al- Sheikha Hessa revealed that a “huge conference” Wugayyan said that Sabah as their president for the next four years. The will take place in Kuwait in the near future, citing KUWAIT: A joint action strategy was adopted by the research papers that won announcement came amid the council’s sixth session other plans including visits to major European 19th meeting of undersecretaries of the Gulf the GCC housing award Bader Al-Wugayyan in the Arab League’s headquarters based in the nations as part of the efforts to encourage women Cooperation Council (GCC) housing ministries, an offi- would be honored on the Egyptian capital. to break the glass ceiling. —KUNA cial said yesterday. “Kuwait presided over the prepara- sidelines of the ministerial tory meeting held earlier yesterday, as recommendation meeting. He also pointed out that a workshop held earlier were forwarded to the 16th GCC ministerial meeting, this month (September 9 to 11) on the best experiences due today” said Bader Al-Wugayyan, director general on house financing was a major success. —KUNA
with the US army. The contract is for seven and a half KGL wins $230m years as a maximum time period and will be signed this week, the company said in a statement published on Boursa Kuwait website yesterday. car rental contract The expected revenue of the leasing cost for KGL is about five percent, said the statement, adding that with US army the percentage could rise or drop during the con- tract’s execution time period. KGL was established KUWAIT: Kuwait and Gulf Link Transport Company in 1982 and was enlisted in Boursa Kuwait in 2000 announced that its subsidiary company KGL Car with a capital of KD 27.7 million (about USD 91.41 Rental won a leasing contract worth USD 230 million million). —KUNA 5 Established 1961
Local Monday, October 1, 2018 Kuwaiti divers retrieve sunken wooden ship from Kuwait Bay
Only three vessels of this type were ever manufactured in the Gulf
KUWAIT: Kuwaiti divers retrieve the old wooden sunken ship from Kuwait Bay. —KUNA photos
KUWAIT: Professional Kuwaiti divers, aided by volun- ‘Baghlah’. ‘Baghlahs’ were traditional Kuwaiti sailing ves- teers and advocates of environment protection, lifted a sels which were used for travel from Kuwait to India and 25-meter-long, sunken wooden ship from south of East Africa as well as Aden and Basra, indicating that this Kuwait Bay. The chief of the diving team, Waleed Al- ship is extremely rare as only three vessels of this type Zaid Al-Azmi said that his team has filed 53 citations Fadhel, told KUNA yesterday that the team used air were ever manufactured in the Gulf. Fire in Salmiya flat and dealt with five complaints regarding bachelors’ bags and water pumps to float the ship to the water’s The vessel was built in Kuwait using traditional meth- residing amongst families in the month of August. He surface and later would be towing it to Doha coast for ods (baghlah) and is a large deep-sea dhow. A traditional kills parents; maid added that the team also made 63 warning notices for maintenance works and to ensure the future safety of Arabic sailing vessel, the name “baghla” means “mule” in violating public property, 28 for violating public facili- sea-goers of Kuwait Bay. Arabic and is similar in type to Portugese ships used in ties’ safety and security conditions, 12 warning notices The ship was considered a threat due to the dispersal the 17th century. Al-Fadhel stressed that the Kuwaiti and kids in hospital for using property for purposes other than those in the of some of its parts in the sea during high tide. So it Dive Team strives to protect the marine environment license, 16 for violating shop window regulations, needed to be removed in order to ensure the safety of through its voluntary activities and help sea-goers to By Hanan Al-Saadoun removed 1506 illegal ads and arrested 43 illegal sea-goers in addition to containing fuel and oils which recover their ships and boats in the event of drowning. It butchers. could adversely affect the marine environment, he added. also contributes actively to spreading the culture of vol- KUWAIT: A fire broke out in a Salmiya flat yester- He explained that the recovered ship is locally called a unteering and fruitful community participation. —KUNA day, killing the parents while leaving the maid and two CSC systems kids in severe condition. Security sources noted that Informed sources at the Civil Service Commission the father and mother was killed while the housemaid said all ministries and government entities are obligat- KUNA, said that the three- and his two kids suffered from severe smoke inhalation ed to link together the fingerprint systems within the and were rushed to Mubarak hospital for emergency day meeting would focus CSC. They said the decision by the remaining govern- DGCA partakes in treatment. on the latest developments ment bodies to link their systems with CSC is a “com- within the aviation safety pulsory move.” They said this move aims at enabling regional aviation domain both on regional Fire on sixth ring road A vehicle caught fire along the sixth ring road, the concerned authorities at CSC to follow up on data and international levels. security sources said yesterday. Firemen from the and make sure everything remains in compliance with safety meeting The DGCA’s delegation will Farwaniya district rushed to the scene where they be headed by chairman the rules and standards circulated by the commission. managed to control the fire before it spread. No casu- The sources said a new automated system will be Sheikh Salman Sabah Al- alties were reported at the scene. KUWAIT: The Directorate General of Civil Aviation Humoud Al-Sabah. The applied to ministries and government bodies that will (DGCA) will partake today in a regional meeting on civ- Saudi General Authority of Citations filed commit all those who did not link the fingerprint sys- il aviation safety in Riyadh, Saudi Arabia, said a state- Civil Aviation (GACA) will The capital municipality emergency team leader, tem with CSC to quickly rectify this and link it. ment yesterday. A statement by the DGCA, obtained by host the meeting. —KUNA
Arms dealer arrested in his Jahra residence ATC sponsors ‘Green & KUWAIT: Weapons detectives arrested a Gulf national and Clean Environment’ Expo accused him of firearms possession following a raid on his house. The suspect resisted arrest at first, but was eventually brought KUWAIT: Advanced Technology Company under control. Detectives received tips about the suspect trading (ATC), a company specialized in supplying in arms and an investigation was carried out on him. After con- and installing medical equipment and surgery firming the location of his residence, the raid was carried out on theatres and building and sanitizing hospi- his house in Jahra. Preliminary investigations revealed his arm tals, announced sponsoring the ‘Green & trading deals. Clean Environment Forum’ to be organized by the Leaders Group Company for Expats dumping furniture Consultancy and Development in collabora- Environment police are looking for two expats who dumped tion with EPA and a number of relevant min- leftover furniture on the side of Khairan area road. A citizen who istries and bodies at Jaber Al-Ahmed witnessed this happening became angry and filmed the action Cultural Center on Oct 2 and 3. and then later posted it on social media. The identity of the ATC deputy CEO for strategic operations bystander was later found out and he is being summoned to be Ahmed Jaradi stressed the company was Ahmed Jaradi questioned about the two expats. motivated by keenness on taking part in var- ious environment-focused activities, adding that ATC is focused on using green building techniques. Jaradi said Car thief or good Samaritan? ATC also uses solar power in illuminating corridors in a number of An Indian told police his car was stolen after he left it running hospitals and plans to expand solar power use to limit the use of elec- on the side of the road. Police then later found the car parked tricity by using alternative resources with less emissions, as instructed properly and legally in a parking lot. After this discovery, the by HH the Amir, who ordered 15 percent of the energy used in Kuwait owner was called and they found the car in sound condition and to come from renewable energy resources by 2030. with the car keys still inside. The car was taken to the police sta- Further, Jaradi hailed the state’s efforts in this regard, noting that tion for further investigation. Al-Shaqaya Renewable energy project involves building the first pow- er plant generating 70 megawatts of electricity from renewable Tablets and herbs resources. Moreover, Jaradi reiterated that ATC is working on using A citizen and an Egyptian were sent to the Drugs Control new water treatment technology in hospitals to make them 100 per- General Department, as police arrested them with 12 Tramadol cent safe and reuse the treated water for irrigation to help improve air tablets and strange herbs suspected of being marijuana. The quality of those buildings. He also noted that ATC plans to display its arrest was made in a cooperative parking lot, when police new equipment used in safe disposal of medical waste during the responded to a call and discovered the two in an abnormal con- exhibition. dition. The drugs were later found on their persons. — Al-Rai, Al-Anbaa International MONDAY, OCTOBER 1, 2018 Macedonia votes on new name to end Greece row Indonesians turn to Facebook in desperate hunt for loved ones Page 9 Page 8
PYONGYANG: This undated picture shows North Korea leader Kim Jong-un attending a photo session with teachers and researchers of Kim Chaek University of Technology in Pyongyang. — AFP US, North Korea leaders ‘in love’ Pyongyang gifts dogs to South Korea’s Moon
WASHINGTON: US President Donald Trump said he and North on edge. Last August, after US media reported Pyongyang had received them Thursday,” the South’s presidential office said in Korea’s Kim Jong-Un have fallen “in love”-their bromance successfully miniaturized a nuclear warhead to fit into a missile, a statement. fuelled by “beautiful letters” he received from the leader of the Trump warned Pyongyang not to threaten the United States or The canines, both aged around one, were handed over via nuclear-armed state. Trump on Saturday elevated his recent it would face “fire and fury like the world has never seen.” the truce village of Panmunjom with three kilograms of dog food praise of Kim to new heights, at a West Virginia rally in support Kim had earlier compared comments by Trump to the bark to “help with their adaptation”, it added. Known for its loyalty of local candidates for his Republican Party. of a “rabid dog,” and Trump derided Kim as a “sick puppy”- and cleverness, the Pungsan breed-a hunting dog with thick, “And then we fell in love-OK? No really. He wrote me beau- before the apparent outbreak of puppy love. Trump met Kim in creamy white coat, pointy ears and hazel eyes-is one of the tiful letters and they’re great letters. We fell in love,” Trump told Singapore in June for the first-ever summit between the two National Treasures of North Korea. The canine gifts come after the crowd. On Monday at the United Nations General Assembly countries that have never signed a peace treaty. The summit led a September meeting between Moon and North Korea leader Trump lauded the North Korean strongman-who is accused by to a warming of ties and a halt in Pyongyang’s missile launches, Kim Jong Un in Pyongyang, at which Kim agreed plans to shut- the UN and others of widespread human rights abuses-as “ter- but there has been little concrete progress since. North Korea’s ter a missile-testing site and visit Seoul. rific”, one year after Trump eviscerated Kim from the same plat- foreign minister Ri Yong Ho on Saturday told the UN there was North and South Korea also announced that they would form. Trump followed those comments by saying Wednesday he “no way” that his country would disarm first as long as the US jointly bid for the 2032 Olympics. Former South Korean had received an “extraordinary letter” from Kim, and sounded to push for tough enforcement of sanctions against Pyongyang. President Kim Dae-jung had also received a pair of Pungsan optimistic about prospects for a second summit between the pups after his landmark summit in Pyongyang with then North two leaders “fairly quickly.” Pyongyang’s gifts Korean leader Kim Jong Il in 2000. The dogs were kept at the Trump used his debut address at the UN General Assembly In another development, South Korean President Moon Jae- Seoul Grand Park and both died of natural causes in 2013 after 12 months ago to threaten to “totally destroy” North Korea and in received a pair of North Korean indigenous hunting dogs giving birth to 21 puppies. The newly arrived pooches will belittle its leader as “rocket man,” prompting Kim to respond by from Pyongyang, his office said yesterday, the latest token of reside at the presidential office with Moon-an animal lover who SEOUL: This undated handout photo released by South calling the president a “mentally deranged US dotard.” Those the rapidly blossoming friendship on the peninsula. “Cheong Wa already owns a Pungsan dog named Maru, a former shelter cat Korea’s presidential Blue House shows a one-year-old were among a series of playground-type slurs the leaders of the Dae (the presidential office) was offered a pair of Pungsan dogs called Jjing-Jjing, and Tory, a black mutt he adopted after tak- Pungsan breed dog gifted from North Korea. — AFP two nuclear-armed states hurled at each other, setting the world from the North as a gift at the North-South summit and ing office. — Agencies
the edge of their dresses. Using a dirty toilet, not experts. A lack of sanitation remains a burning Startups tackle drinking enough water or holding urine for a issue for India-and much of the developing long time puts women at a greater risk of urinary world-despite an aggressive drive by Modi’s Among the first to report the flaw was Indian women’s tract infections, a painful complaint that half of government since he came to power in 2014. British ministers’ Dawn Foster, a columnist for daily The women report having had at least once. Indian His government says it has slashed the num- Guardian. “The Tory conference app allows toilets “are a breeding ground for infections”, ber of people forced to defecate in the open you to log in as other people and view their toilet woes gynaecologist Anshu Jindal told AFP. New busi- from 550 million in 2014 to less than 150 mil- phone numbers contact details just with their email address, nesses tackling the problem are tapping into a lion today. But the state of existing toilets still no emailed security links, and post comments NEW DELHI: With her bladder fit to burst on feminine hygiene sector forecast by Euromonitor shocks. The capital Delhi, for example, a leaked in app flaw as them,” she wrote on Twitter, using a collo- a recent ride with an all-female motorbike club, to grow to $522 million by 2020 from $340 mil- megacity teeming with 19 million people, has quial name for the party. “They’ve essentially Vidhi Malla chugged on her 350cc lion now as India’s middle class swells. just a few hundred public washrooms. A survey LONDON: Phone numbers and other per- made every journalist, politician and “Thunderbird” into a fancy highway eatery India’s first female urination device, the of 200-odd toilets by Action Aid last year sonal details of senior ministers from Britain’s attendee’s mobile number public. Fantastic.” near New Delhi and rushed to the toilet. But to Conservative party were made public by an A Conservative party spokesperson apolo- PeeBuddy, is a simple candy-green cardboard found 70 percent of them unclean and without app security flaw on Saturday, including her disgust, if not to her surprise, the facilities funnel laminated with water-resistant coating a water supply. Entrepreneurs abroad have gized for the breach, saying the technical those of top Brexiteers Michael Gove and issue had “been resolved and the app is now stank and the seat was splattered with urine, allowing women to keep their distance from also created products to help women but they Boris Johnson. Several top MPs reportedly forcing the 34-year-old to get back on her bike functioning securely”. loo seats. PeeSafe meanwhile, dispensed from a are often prohibitively expensive in a country received nuisance calls after their profiles Britain’s data watchdog, the Information and wait till she got home. purple spray can, is a seat sanitiser. “We have where hundreds of millions of people live on were accessed on the official mobile applica- Commissioner’s Office (ICO), said it was inves- Indian Prime Minister Narendra Modi will sold 750,000 units in the last 18 months and less than a dollar a day. tion for the annual party conference, which tigating the data breach related to the app, trumpet progress in improving access to toilets we are now present in 10 other countries,” said For instance the reusable, silicone GoGirl kicks off this weekend. which was developed by an Australian firm at a Delhi convention starting this weekend-but Vikas Bagaria, founder of PeeSafe. Innovations stand-and-pee device costs $9.99 apiece in The security breach saw members of the called Crown Comms. The opposition Labor as Malla’s experience shows, there is still a long like these have helped to “liberate” women like the United States, while the Shewee goes for public able to enter the profiles using just the Party said the blunder showed the ruling party way to go. Some help is at hand from local Malla, she says, meaning they don’t have to $12. But a pack of 10 single-use, locally pro- politicians’ email addresses-easily available could not be trusted in matters of security. startups providing ways to avoid coming into think twice before hitting the road. duced PeeBuddy funnels costs 200 rupees ($3) online-to view and edit the data stored with- “They can’t even build a conference app that contact with or clean up filthy toilet seats, and a pack of two PeeSafe 75 ml sprays 350 in. Former foreign secretary Johnson had his keeps the data of their members, MPs and oth- which doctors warn pose a health risk to many Stand-and-pee rupees. Deep Bajaj, the brains behind profile picture briefly swapped for pornogra- ers attending safe and secure,” said shadow women. “Toilets are a huge issue. Once I caught Such issues are set to figure highly at the PeeBuddy, came up with the idea during a road phy and his job title changed to an profane cabinet office minister Jon Trickett. an infection from using a loo in a big hotel,” insult, according to several Twitter users. The breach is the latest embarrassment Mahatma Gandhi International Sanitation trip when he noticed women in his group were Meanwhile Environment Secretary Gove’s Malla, a public relations consultant, told AFP. Convention, running from Saturday to Tuesday. not drinking anything. “Men are so blessed, we for Prime Minister Theresa May’s embattled picture was changed to one of media tycoon party, whose yearly gathering begins on Malla’s friends in her bike gang recounted can stand and pee almost anywhere,” Bajaj told The event, coinciding with Gandhi’s 150th birth- Rupert Murdoch, his former employer when Sunday in the city of Birmingham in central their own horror stories-from bins overflowing day, is hosted by Modi with UN chief Antonio AFP, checking a consignment for dispatch at he was a journalist. England. — AFP with used toilet paper to wiping the seat with Guterres in attendance alongside ministers and his chock-a-block warehouse. — AFP 7 International Monday, October 1, 2018 Kurds hold election one year after failed independence bid Growing frustrations with main parties; Opposition weak
ERBIL: Kurds voted in a parliamentary election in their Weak opposition semi-autonomous region in northern Iraq yesterday, with Kurdish opposition parties did poorly when Iraq held political dynasties expected to extend their power sharing federal elections in May. But multiple allegations that the rule despite growing discontent with perceived corruption KDP and PUK had committed election fraud - not con- and economic hardship. The vote comes a year after the firmed in a subsequent recount - may sway some voters in region of six million, which gained semi-autonomous sta- their favor. Gorran, the main opposition movement, has tus after the 1991 Gulf War, made a failed bid to break been weakened by infighting and the death of its founder away from the rest of Iraq in a campaign headed by and leader Nechirvan Mustafa last year. “I wanted to make Masoud Barzani, leader of the Kurdistan Democratic Party sure I voted early. I gave my vote to Gorran and hope for (KDP). Barzani has retained a support base even though the best,” said Omar Mahmoud Abdullah, 52, at the polling his independence drive prompted an intense backlash from station set up at Shireen School in Sulaimaniya, stronghold the Baghdad government and resulted in the Kurds being of the PUK. stripped of some territory and economic autonomy. At another polling station in Sulaimaniya, lawyer Hassan And while criticism of the ruling Kurdish establishment Dalloush, 65, also said he was voting for the opposition. “If - dominated for decades by the Barzani and the Talabani there’s no fraud in this election, I’ll feel good about it. But families - has grown more vocal, a weak opposition means the parties in power always want to commit fraud, it’s the voters may stick to the status quo. “I don’t know who I will only way they stay in power,” he said. “I will never vote for vote for but our family has always supported the KDP. My the parties in power. Today I voted for the opposition.” son will pick a candidate for me,” said Halima Ahmed, 65, as The referendum in September 2017 promised to set Iraq’s she walked with a cane in the city of Erbil, the seat of the Kurdistan Regional Government (KRG). Splits within the Kurds on a path to a homeland and nearly 93 percent vot- Patriotic Union of Kurdistan (PUK) mean the KDP could ed in favor of independence, despite pressure from the gain the upper hand in their two-party ruling coalition. central government in Baghdad and threats from neighbor- At midday, the Independent High Elections and ing Turkey and Iran. Referendum Commission said that at mid-day turnout A swift backlash from Baghdad dashed those ranged between 16-23 percent in a breakdown of prospects. Relations with the central government have provinces. The number of voters has shrunk in recent elec- improved, but the ordeal cost the Kurdish region territory tions as the oil-producing region’s stagnant politics, as well as economic autonomy. Nevertheless, some voters unpaid public sector salaries and corruption have under- showed optimism about the future. Salar Karim arrived at mined the population’s faith in politics. Polls are scheduled a polling station with his wife and two young children, all to close at 6 pm. Preliminary results are expected within dressed festively for the occasion. “Today is a historic day ERBIL, Iraq: Former leader of the Iraqi Kurdish Regional Government (IKRG) Masoud Barzani casts his bal- 72 hours. There are 111-seats up for grabs in the election, for Kurds,” Karim, 50, said. “We get to elect our parlia- lot for the parliamentary election at a polling station in Erbil, the capital of the Kurdish autonomous region including 11 reserved for ethnic minorities. ment as is our duty. I feel good about today.” — Reuters in northern Iraq yesterday. — AFP
bullet was shot by mistake.” The state’s top police officer, OP Typhoon Trami Apple employee Singh, told reporters that the policeman who shot Tiwari claimed to have fired in self-defense. State police spokesman Vivek Tripathi said the two constables have been arrested for pounds Japan killed in Indian suspected murder. Apart from van and motorcycle mobile patrols, it is common in India for police to perform random KAGOSHIMA: A powerful typhoon police shooting checks at temporary road blocks. Uttar Pradesh Chief Minister pounded Japan’s mainland yester- Yogi Adityanath said the state would investigate the incident NEW DELHI: State police have arrested two constables in and would hand over the case to the federal police if required. day after injuring dozens on outly- northern India over the fatal shooting of an Apple employee in ing islands, bringing transport “We are shocked and heartbroken by the news of our an incident during a routine patrol on Saturday. Vivek Tiwari, a colleague Vivek Tiwari. We extend our deepest sympa- grinding to a halt and triggering sales manager for Apple, was shot dead early on Saturday by a warnings of fierce winds, torrential thies to Vivek’s family and friends during this difficult police constable in the Gomti Nagar neighborhood in Uttar time,” an Apple spokesman said. The family of Tiwari, rain, landslides and floods. Typhoon Pradesh state, about 13 km from state capital Lucknow. The Trami has already snarled travel in who leaves behind two daughters, has demanded a spe- two constables were on night motorbike patrol and the patrol- cial inquiry into the incident, employment for his widow the world’s third-biggest economy, man who shot Tiwari told reporters: “I didn’t shoot at him. The with bullet train services suspended, and cash compensation. — Reuters more than 1,000 flights cancelled and Tokyo’s evening train services scrapped. The storm’s huge eye was forecast to move near the city of KAGOSHIMA: Pedestrians carry a bag as they walk against a strong Osaka before churning across the wind after Typhoon Trami hit the city of Kagoshima on Kyushu Island Japanese archipelago, likely hitting yesterday. — AFP areas still recovering from extreme weather that has battered Japan in recent months. passengers to shelter indoors when Speaking to AFP from a hotel near In total, 65 people have sus- the storm hits. the airport, British businessman tained minor injuries-mainly cuts Richard Swart said: “It’s actually from shattered glass-and one Hunkering down quite warm outside, very windy and woman was reported missing in the The typhoon is not expected to with very heavy rain.” Miyazaki region, which was hit the capital head-on but strong “The airport is closed. There are drenched by record rainfall and suf- winds and heavy rain are still feared very few people around and all the fered localized flooding. According from later. Some businesses were shops are shut. It’s really deserted,” to local media, the woman in her already putting up shutters and added Swart, 56, from Durham in 60s was swept away by gusts in a hunkering down. Trami is the latest northern England. Even from the gutter while working with her hus- in a string of extreme natural events safety of the hotel, he said he could band in their ricefield. Nationwide, in Japan, which has suffered hear the wind “howling” outside. The authorities have issued non-com- typhoons, flooding, earthquakes and Japanese meteorological agency pulsory evacuation advisories to 1.5 heatwaves in recent months, claim- warned the typhoon would bring million residents, according to pub- ing scores of lives and causing strong winds and downpours, which lic broadcaster NHK, and officials extensive damage. Packing maxi- could trigger landslides and floods as urged people across the country to mum gusts of 216 kilometers per well as lightning strikes and tornados stay indoors. Nearly 500,000 hour, Trami was expected to travel across the nation. Cities in the households in the western region of over most of the archipelago, weak- expected path of the typhoon were Kyushu and Okinawa have lost ening slightly but causing extreme already taking precautions. power, local utilities said. weather into Monday, forecasters East Japan Railway stopped all Violent gusts and heavy rain said. Still classed as a “very strong” train services in and around Tokyo at made it impossible to venture out- typhoon, Trami pounded Kagoshima 8pm, shortly before the typhoon was side, said Yuji Ueno, an official in on the western tip of Japan yester- to draw near the Japanese capital. the town of Shirahama in Wakayama day, causing minor injuries-such as Some western regions are still recov- prefecture, which was forecast to be cuts from broken windows and peo- ering from Typhoon Jebi in early right in Trami’s path. “From around ple knocked over by gusts. September, the most powerful 2pm, we saw incredible winds and typhoon to strike the country in a rain. I stepped outside the city hall ‘It’s really deserted’ quarter of a century. It claimed 11 lives in the afternoon, and the rain was The western city of Osaka lay and shut down Kansai Airport. Deadly swirling in very strong wind. close to the path of the storm and record rainfall hit western Japan earli- Enormous wind.” “It was difficult to its Kansai Airport, which is situated er this year and the country sweltered stay standing. It was very scary,” on reclaimed land offshore and suf- through one of the hottest summers Ueno said. As the typhoon barreled fered extensive damage in a storm on record. Also in September a mag- east, rail authorities took the highly earlier in September, closed two nitude-6.6 earthquake rocked the unusual step of cancelling evening runways. Officials piled up sand- northern island of Hokkaido, sparking train services in Tokyo, one of the bags to avoid a repeat of flooding landslides and leaving more than 40 world’s busiest networks, urging seen during the previous storm. people dead. — Reuters
as well as regional rival Saudi Arabia and government Iran sentences opponents living in exile of fomenting unrest and waging an economic war to destabilize Iran. Mohseni Ejei said 32 other defendants were sentenced to jail terms of up to 20 three to death years for economic crimes, the official news agency IRNA reported. DUBAI: Special courts set up in a drive against financial In May the United States pulled out of a 2015 deal crime have sentenced three people to death in Iran, state between world powers and Tehran under which interna- television reported yesterday, as the country faces tional sanctions on Iran were lifted in return for curbs on its nuclear program. Washington has reimposed a num- renewed US sanctions and a public outcry against profi- ber of sanctions on Iran, and it is planning to impose teering and corruption. A judiciary official also warned heavier sanctions in November aimed at the Islamic truck drivers holding a nationwide strike over pay and high Republic’s oil sector. The rial currency has lost about 70 prices of “harsh penalties” if they continue their protests, percent of its value since April under the threat of state media said. revived US sanctions, with heavy demand for dollars The special Islamic revolutionary courts were set up among ordinary Iranians trying to protect their savings. last month to try suspects quickly after Supreme Leader The cost of living has also soared, sparking sporadic Ayatollah Ali Khamenei called for “swift and just” legal demonstrations against profiteering and corruption, action to confront an “economic war” by foreign enemies. with many protesters chanting anti-government slo- Judiciary spokesman Gholamhossein Mohseni Ejei, quoted gans. Mohseni Ejei warned truck drivers who have con- by state TV, said the courts handed down out death sen- tinued their protests for higher wages and affordable tences to three defendants after convicting them of parts despite several rounds of arrest. “Harsh penalties “spreading corruption on earth”, a capital offence under await those who ... block lorry traffic on roads,” he said Iran’s Islamic laws. according to IRNA. General prosecutor Mohammad Mohseni Ejei did not name the three but said the sen- Jafar Montazeri said last week that protesting drivers tences would have to be upheld by the supreme court may face death sentences under stern laws against before being carried out, the TV reported. Iranian offi- highway robbery, the state broadcaster IRIB reported cials have accused arch-foes the United States and Israel, on Thursday. — Reuters 8 International Monday, October 1, 2018 Macedonia votes on new name to end Greek row A bid to unlock a path to NATO and EU membership
SKOPJE: Macedonians cast ballots yesterday on force behind the ‘yes’ vote in one of Europe’s poorest whether to re-name their country North Macedonia, a nations. “We cannot really say it is fair, but the EU and bid to settle a long-running row with Greece and NATO matter more for all of us, so let’s move forward,” unlock a path to NATO and EU membership. It is an 28-year-old Abedin Memeti said ahead of the vote. emotional moment for a country that has struggled for recognition of its name since its birth in 1991, when the Boycott former Yugoslav republic declared independence. The referendum is not binding, but a ‘yes’ majority Athens protested immediately, accusing Skopje of would give parliament a political mandate to change the stealing the name of its own northern province also constitution. If the deal is backed in the referendum and called Macedonia. The dispute dives deep into history, is ratified by two-thirds of MPs, the Greek parliament with both countries vying for claims to Alexander the will be called on to give the final stamp of approval. Great’s ancient empire of Macedon, which spanned Yesterday’s vote is being watched closely across the their territories. border in Greece, where nationalists staged a protest But in June Macedonia’s new premier Zoran Zaev and against the deal earlier this month. “We hope for a posi- his Greek counterpart Alexis tive outcome for the proceed- Tsipras reached a landmark ings to progress with the con- compromise under which stitutional review,” Greece’s Athens would drop its objec- government spokesman tions to Macedonia joining the Greece accuses Dimitris Tzanakopoulos said EU and NATO in return for on the radio. the name change. Zaev is Macedonia of “Any other result would billing the vote as a painful create a disturbance,” he but historic opportunity to stealing name added. While the Macedonian break the 27-year-old stale- government plans to call any mate. “Today is a beautiful significant majority in favor of day, a beautiful holiday for the the deal a success, the right- country. Today the citizens wing opposition may question are going out to decide on their future,” Zaev told the the vote’s credibility if turnout is below 50 percent. SKOPJE: A man leaves the polling station after casting his ballot for a referendum to re-name the coun- press after casting his ballot in his hometown of Some critics of the name deal have been calling for a try North Macedonia yesterday. —AFP Strumica, an eastern city where he was once mayor. boycott, including President Gjorge Ivanov, who is Voters began trickling in to schools and other polling allied with the nationalist opposition. Massive emigra- stations around the country after polls opened at 7am. tion in recent decades could also affect turnout num- “I hope that the result will be positive. This referen- bers, with nearly a quarter of the 2.1 million population until the deal passes-while EU accession talks are wars that rippled across the region during the collapse dum will change something if it opens the door to estimated to live abroad. Less than 3,000 of those over- scheduled to begin next year. The West is keen to have of Yugoslavia, it was roiled by an Albanian insurgency in Europe and NATO,” Olivera Argirovska, a 74-year-old seas have signed up to vote. another foothold in the Western Balkans, a region where 2001 that left more than 100 dead. A peace deal was retired nurse, told AFP after casting her ballot in a high Russia, which is opposed to NATO expansion, has his- reached later that year granting Albanians more political school in the capital Skopje. “It will change things for the Western Balkans foothold torically had influence. At home, those in favor of the rights, but tensions have remained. “This is the first time youth.” Few Macedonians are enthused about the new Europe and the US have campaigned hard for the deal say a desire for an EU future is helping bind ethnic I am seeing Macedonians and Albanians campaigning name, saying they have been unfairly bullied by Greece. deal, with many leaders passing through Skopje this Macedonians with the Albanian minority, who are together for common goals,” Besa Arifi, a law professor But a desire to anchor their future to the West-and the month to urge Macedonians to seize the “historic” broadly pro-West. said. “This will give us more opportunities to unite all economic prosperity that it could bring-is a driving opportunity. NATO has already issued an invite-on hold While Macedonia avoided the full-scale inter-ethnic citizens around shared values,” he added. —AFP
co-author of “Russian Roulette,” a book News in brief Trump helps sell about Russian interference in the American presidential campaign. “There is deep Migrant boat capsizes millions of books; desire on the part of many Americans for an understanding of what happened in this ANKARA: Five people died after a boat carrying illegal country” during the 2016 presidential cam- migrants capsized off Turkey’s northwestern coast yes- both pro and con paign, he said, and also of “what’s going on now within the Trump White House.” In the terday, state media reported. The Turkish coastguard NEW YORK: “Fire and Fury,” “A Higher found the bodies after the rubber vessel sank off the past, books about a presidency were gen- Loyalty,” “Fear”: three books about Donald erally published only after it was over, Enez district in Edirne province, Anadolu news agency Trump have each sold more than a million said. Fearing the numbers on board could be higher, the leaving sources freer to talk and allowing copies in the United States, a first that greater historical perspective. coastguard continued search and rescue efforts, the reflects Americans’ fascination with their But, “as ever, Trump has sped every- agency added. The cause of the incident was not yet ever-surprising president. The great major- thing up,” Jon Meacham, the author of sev- known but a Mediterranean storm is battering Greece ity of successful books on politics have eral best-selling political and historical and brought heavy rain and wind to Turkey’s Aegean been written by politicians themselves-or books, told MSNBC. “It’s almost as if we cities. The agency did not give details of the migrants’ by ghostwriters working with them. Barack had a webcam” providing live coverage of nationalities however Turkey hosts over three million Obama set the standard in the genre, sell- events inside the White House. Trump him- Syrian refugees and up to 300,000 Iraqis. It is also one ing a combined 4.6 million copies of his self has, however unintentionally, helped CALIFORNIA: Photo shows veteran journalist Bob Woodward’s latest book ‘Fear: of the transit countries used by those fleeing war and autobiographical books “Dreams From My promote these books-all of which paint an Trump in the White House’ being displayed for sale upon release at a Costco store poverty to try and reach Europe. —AFP Father” and “The Audacity of Hope.” apocalyptic picture of his administration- in Alhambra, California. —AFP by firing off highly critical Twitter mes- A desire to understand sages about them. Mine kills 3 children In their time, Bill Clinton, George W. “The Woodward book is a Joke,” he able to the president have also done well- alleged sexual liaison with Trump, are all Bush, Jimmy Carter, Hillary Clinton and tweeted shortly before “Fear” was pub- helped by Trump’s endorsements. “In our set to reach bookstores on Tuesday. KIEV: Three children were killed and another injured yes- even Sarah Palin all topped the best-seller lished, “just another assault against me.” “I very divided society, people are feeling “One potential problem is that people terday in a landmine blast in rebel-held eastern Ukraine, lists at least for a few weeks, while not guess people want to see how bad it really motivated by their political passion in decid- get too accustomed to the outrages of the which remains littered with explosives left behind by the reaching Obama’s lofty level. And in 1976, is” in the White House, said Marianne ing what books to read and buy,” said Corn. Trump administration,” Corn said, “and four-year war. The explosion happened in the industrial Washington Post journalist Bob Woodward Elliott, who is on a long waiting list at the Trump’s impact on the publishing world therefore become less interested in books sold 630,000 copies of his “The Final frontline city of Gorlivka, 30 kilometers north of the rebel New York public library to read “Fear.” doesn’t stop with the current best-sellers. like these. “But I don’t see that happening Days,” chronicling the dramatic unwinding Books like “1984” and “Fahrenheit 451,” any time soon.” Might Trump himself set a area’s de facto capital Donetsk, separatist “defense minis- Many opposition Democrats, though of the Nixon presidency. After that, howev- portraying totalitarian regimes that manip- new sales record? The onetime real estate ter” Eduard Basurin said. The wounded child was hospital- repelled by Trump, his politics and his er, there have been no chart-toppers about blustering personality, have been eager to ulate people through disinformation and magnate, co-author of 1987’s best-selling ized, he added. The blast was the latest incident in a string a president. But in just nine months, “Fire propaganda, have enjoyed newfound pop- “The Art of the Deal,” has already said he of deadly explosions to hit the unrecognized Russian- read anything they can find about him. and Fury” by journalist and author Michael “They want more bad information, to make ularity. Nor does the surging interest in plans eventually to write “the real book” backed republic over the past few weeks. On Saturday, Wolff, “A Higher Loyalty” by former FBI you feel better because you know he’s ter- political books seem close to peaking. “The about his presidency. Corn is not holding three people were injured in an explosion in Donetsk, chief James Comey, and Woodward’s rible,” Elliott said. “It’s comforting.” Fifth Risk” by Michael Lewis (author of his breath. “According to The Washington including a candidate for the post of the self-proclaimed “Fear” have sold a combined total of more “Liar’s Poker” and “The Big Short”), “The Post, Trump has made over 5,000 false republic’s leader. In August, the head of the Donetsk than five million copies, according to num- Trump the author Apprentice” by Washington Post journalist statements as president. So I would not People’s Republic, Alexander Zakharchenko died in a bers reviewed by AFP. While coming nowhere near the success Greg Miller, and the Stormy Daniels book look forward to looking at any book of his bombing at a cafe in broad daylight. —AFP “I’m not surprised,” said David Corn, of Woodward or Wolff, several books favor- “Full Disclosure,” about the adult film star’s as an accurate reflection of reality.” —AFP
Sudan’s 100-pound note is, let’s come together and get the best With Brexit clock deal for Britain,” she said. Analysts KHARTOUM: Sudan’s central bank will start printing 100 believe May will have to give further pound bank notes for the first time to ease a liquidity crisis ticking, PM gathers ground to Brussels to secure a with- exacerbated by rampant inflation, state news agency SUNA drawal agreement before Brexit in said yesterday. Sudan’s economy has been struggling since fractious party March next year, although no announce- the south of the sprawling northeast African country seceded ments are expected at the conference. in 2011, taking with it three-quarters of oil output and depriv- BIRMINGHAM: Prime Minister Theresa “I’ve always said it was going to be ing Khartoum of a crucial source of foreign currency. In May gathered her party for its annual tough, and it was always going to get recent months local currency liquidity at commercial banks conference yesterday, under immediate toughest towards the end of the negotia- has dried up, with long queues outside of banks and daily attack from leading rival Boris Johnson tions. “But we’re continuing to focus on withdrawal limits falling to as low as 500 Sudanese pounds over her strategy for pulling Britain out getting a good deal for the UK,” the ($17.06) in some places. The previous largest banknote in of the European Union. The prime minister said yesterday. Sudan was 50 pounds. “Printing the 100-pound banknote is Conservative leader arrived in a step in the right direction, because the high inflation rate Birmingham, central England, only days Threats to leadership has dropped the value of the 50-pound banknote,” Abdullah after the EU rejected her plan for close Since losing her parliamentary major- Al-Ramadi, a Sudanese economist, said. —Reuters trade links after Brexit and demanded a ity in a disastrous snap election last year, rethink before a summit in mid-October. May has faced endless internal plotting Curfew in anglophone Many of her eurosceptic MPs also and rumors of a leadership challenge. oppose the proposal and, led by former Many potential successors inside and foreign minister Johnson, will use the outside her cabinet will address dele- BIRMINGHAM: Britain’s Prime Minister Theresa May (2nd left) reacts as she listens YAOUNDE: Cameroon ordered a 48-hour curfew in its conference to argue for a looser trade gates this week, notably Johnson, who from her seat next to husband Philip May (2nd right) on the first day of the English-speaking regions a day ahead of the one-year agreement instead. Johnson, long tipped quit in July over May’s Brexit plan. Conservative Party Conference 2018 yesterday. —AFP anniversary of a symbolic “independence” declaration by as a successor to May, published his Charismatic and with a populist touch, anglophone separatists, officials said yesterday. “The own Brexit program last week, and in an Johnson is a favorite with the movement of people between areas in the northwest will making a decisive move against her. One allowed users to access phone numbers interview with the Sunday Times news- Conservative faithful and is expected to be banned for a period of 48 hours from Sunday, Brexiteer MP who wants a new leader of senior ministers and MPs. It was an paper, condemned her plan as draw large crowds to his speech at a September 30 until Monday, October 1,” said Adolphe told AFP the crunch time would come inauspicious start, the year after May’s “deranged” and “preposterous”. May fringe event on Tuesday. In his interview Lele Lafrique, governor of the largely English-speaking when the House of Commons votes on closing conference speech was marred also came under pressure from pro- yesterday, he made a direct pitch for the northwest region. Similar measures will be enforced the final Brexit deal, possibly in by a collapsing set and a prankster stage Europeans in her party, with protesters leadership by setting out a slew of across Cameroon’s other anglophone areas, officials said. November or December. May only has a invasion. Many Conservative MPs are set to hold a rally in Birmingham for a domestic policy ideas. Hundreds of civilians and dozens of security forces are slim working majority among the 650 anxious the party should present some- second Brexit vote - which she has When asked if May should stay on understood to have been killed in the majority French- MPs, making her vulnerable to even the thing more than Brexit divisions this ruled out. until the next election in 2022, he said: speaking country’s anglophone northwest and southwest smallest rebellion. week in Birmingham, as they eye the In a BBC interview on Sunday, the “The prime minister said she is going to this year. In October 2017, radical anglophone leaders threat posed by the opposition Labor prime minister said her plan was the only serve for as long as her party wants her, declared a “Republic of Ambazonia” in the two English- Labor threat party. Leftist leader Jeremy Corbyn pre- way to protect cross-border trade in and I certainly think she should.” But speaking regions which were incorporated into fran- The opening to the conference was sented a radical economic program for goods and avoid physical checks on the many believe May’s rivals will wait and cophone Cameroon in 1961. —AFP overshadowed by a security breach in government at his own conference last Irish border. “My message to my party see what happens in the EU talks before the mobile app for the event which week. —Reuters Established 1961 9 International Monday, October 1, 2018 Indonesians turn to Facebook in desperate search for loved ones
Distraught Indonesians in grim search for family members
JAKARTA: Indonesians desperate to trace loved ones missing relatives, some appear desperate enough to missing in the earthquake and tsunami that struck the offer instructions should their corpses be found. “If island of Sulawesi are turning to social media sites like someone locates her dead body, please do not bring Facebook to aid their search. With the scale of the dis- her to the mass grave because we will pick her up,” said aster still unclear, telecommunications patchy and some a Facebook post, mentioning the person’s name. areas still out of reach, families are posting photos, descriptions of lost family members and contact num- In grim search bers in the hope of learning more. Standing on white tiles smeared with blood, “Have you seen any of my family members in these Baharuddin looks absently at the bodies strewn across photographs?” asks one user on one Facebook group a hospital courtyard in front of him in Palu, Indonesia. “I with 6,843 members. “I want to know if they are safe have one child, he’s missing,” the wiry 52-year-old said. there. I haven’t got any information on them until this “I last spoke to him before he went to school in the moment. Connection is still cut off. Let me know if you morning.” He is looking for one small body among these see them.” Others are trying to help friends still in Palu, dozens of corpses lying in an open courtyard at the the city believed to be the worst-affected. back of the medical centre, baking under Sulawesi’s “Please help, anybody in Palu and areas near the fierce tropical sun. Only one building separates a triage city. Family members of my friend are still missing until area for the living from this makeshift morgue. now,” says one post asking for information about a It is a mosaic of yellow, blue and black body bags father, mother and a toddler living in the city. Some punctuated only by hands reaching up in rigor mortis. users share information about Palu residents who have This police hospital in Palu has become a focus point been evacuated to a safe area. A September 29 post for shell-shocked residents hoping for news of loved gave the names of some 53 citizens who have been ones after the 7.5 magnitude quake and subsequent evacuated to an office of PLN-Indonesia’s state-run tsunami on Friday. The official death toll stands at over electricity firm-along with a plea for help. “Evacuees 800, but everyone knows that figure will only continue here are in dire need of food, water and electricity gen- to rise. In a police tent, people clutching photos and PALU: Photo shows residents look at covered up bodies recovered after an earthquake and tsunami hit Palu on erator,” the post said. Some Indonesians turned to the passports ask after relatives. Outside an elderly Sulawesi island. — AFP page simply to offer support. woman-her head covered in a t-shirt to ward of the A user who appears to be from Lombok-an stench-crouched in the dirt and sobbed. Indonesian resort island hit by a series of major earth- By midday yesterday, 320 bodies had been through missing cousins, said he was desperate for news. “I’ve they would soon begin to dispose of the bodies, a des- quakes in July and August-had a message of solidarity. the centre, hospital authorities said, but a stream of been here three times, everyday,” Amam, 28, who like perate bid to prevent a catastrophic situation from get- “Your sorrow is ours. Your wailing is ours. Hopefully ambulances, police and army vehicles unloaded corpses many Indonesians only has one name, told AFP. “I hope ting even worse. “Today we will start the mass burial of dead victims are buried in the most beautiful place. Our with alarming regularity. Many people returned day I find them-I’m going to fight to find them.” But it is a the victims, to avoid the spread of disease,” said Sutopo prayers are always with you,” said the post from Eddie after day to undertake the grim task of looking through race against time. Purwo Nugroho, a spokesman for the Indonesian Moodmakerzz. While many still hope for updates from the bodies. Amamsyah, who was searching for four The Indonesian authorities announced yesterday that National Board for Disaster Management. —Agencies
Crumpled hotel becomes focus take off and waited for the plane to Indonesian be safely airborne before finally leav- in rescue effort ing the ATC cabin tower,” said air traffic AirNav Indonesia spokesman PALU: Squads of orange-clad rescue Yohanes Harry Sirait. After Flight workers clambered over the tangled 6231 was safely in the air the quakes remains of an Indonesian hotel yesterday, controller became ever-stronger, culminating in hoping to dig out 50 to 60 guests still a 7.5 magnitude jolt and tsunami. At feared trapped by an earthquake-tsunami hailed as hero least 832 people are confirmed dead. disaster. Authorities believe the 80-room Eventually, Agung jumped from the Hotel Roa-Roa in the city of Palu on top of the crumbling four-storey tow- Sulawesi island was near capacity when the JAKARTA: An Indonesian air traffic er in a desperate bid to escape, district was ravaged by a 7.5 magnitude controller is being posthumously breaking his leg and suffering serious quake and a tsunami wave Friday. hailed as a hero for refusing to leave internal injuries. “It is assumed there are still 50 to 60 peo- his post despite devastating earth- He was taken to a nearby hospital ple trapped under the rubble,” said disaster quakes so that he could guide a pas- where he received basic treatment, but died before a helicopter could agency spokesman Sutopo Purwo Nugroho. PALU, Indonesia: This aerial picture shows the remains of a ten-storey hotel in Palu in senger jet safely off the ground. arrive to transport him to a better- A South Korean is among those believed to Indonesia’s Central Sulawesi yesterday after it collapsed following a strong earthquake in Twenty-one-year-old Anthonius equipped facility. The company will be stuck inside. Rescue workers are making the area. —AFP Gunawan Agung was on duty in the the hotel a focus of their efforts to save lives. air traffic control tower at Palu’s raise Agung’s rank by two levels as a But they face a race against time to locate Mutiara SIS Al-Jufrie airport when a sign of appreciation for his extraordi- and extract survivors before injuries, exhaus- stretcher. Until Friday the Roa-Roa was a The rescue effort is being hampered by a series of earthquakes struck the city nary dedication, AirNav said in a tion or dehydration take hold. “We even modern chic hotel catering to business travel- lack of equipment and by continuing after- in Sulawesi island on Friday. Officials statement. Local station Metro TV heard people calling for help there at the ers, with views of the Makassar Strait and shocks. Syaugi said what rescue staff need say he refused to leave his post until was among those who hailed Agung’s Roa-Roa hotel yesterday,” Muhammad cloud-shrouded mountains in the distance. It now is heavy lifting equipment like an excava- he got an Batik Air plane off the “heroic act”. The Indonesian archipel- Syaugi, head of the national Search and offered guests “easy access to the shopping tor. “That is the priority,” he said. “I saw one in ground, while his colleagues who ago sits on the Pacific “Ring of Fire”, Rescue Agency, told AFP. malls, Talise Beach, market, restaurants” for downtown Palu and it was just sitting there.” were not handling aircraft departed. where tectonic plates collide and At least one person has been pulled out around US$30 a night. Now its Ray Eames- Some rooms at the back of the hotel could be “When the quake happened, he many of the world’s volcanic erup- alive, he added. Video posted by the agency style designer armchairs and whitewashed accessible, he added “but it would be danger- was giving clearance to Batik Air to tions and earthquakes occur. —AFP yesterday showed weary rescuers carrying surfaces are buried beneath a mangled heap ous if search teams go in there because we are one body wrapped in black plastic out on a of rebar, dust and concrete. still having aftershocks.” —AFP 10 Analysis Monday, October 1, 2018
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Immigrants in Quebec: Needed but unwanted as election nears
nti-immigrant sentiment is butting up against an acute labor shortage in Canada’s mostly AFrench-speaking Quebec province ahead of a general election there today. Two of the province’s four major political parties have vowed to cut immi- gration despite employers saying they need more than 100,000 skilled workers, amid record-low rates of unemployment. Francois Legault, leader of the Coalition Avenir Quebec (CAQ), which is leading in the polls, has suggested that immigration threat- ens Quebec’s cultural identity. He has vowed to cut it by 20 percent in 2019, if elected. He also said he would deport any immigrants who failed a “Quebec Catalans divided a year after referendum values” test or who did not learn French within three years of arriving in the province. Quebec Premier Philippe Couillard, whose or Jaume Casamitjana, last year’s banned independ- won. When it finally did vote to declare independence on ence referendum in Catalonia marked a watershed in Oct 27, Madrid swiftly sacked the Catalan government, Liberals face an uphill re-election battle after his feelings about Spain, while for Alexandra Lopez- prompting several key figures to flee abroad, including almost 15 years in office, accused the CAQ leader of F Liz, it pushed her to take a stand against the separatist deposed Catalan president, Carles Puigdemont. “scaremongering”. But polls show there is substan- movement. A year after the contested October 1, 2017 ref- Others were jailed. “People are very angry, we feel tial popular support in Quebec for curbs on immi- erendum, disagreements over separatism have deepened in deceived,” said Casamitjana, explaining how the referen- gration. A recent Leger survey for the Huffington the wealthy northwestern region of Spain, which is home dum has polarized opinion all round. Some of those previ- Post found that 48 percent of Quebecers support to some 7.5 million people and has its own distinct lan- ously considered more “moderate” separatists now tell him immigration while 38 percent see it as a growing guage. Far from uniting the community, it has polarised that the jailed separatist leaders should remain behind bars problem. A surge in asylum seekers from the United opinion, leaving deep divisions over the region’s fate. because they are “traitors” to the cause - for not making States since Donald Trump was elected president in The tiny village of Sant Julia de Ramis - which was pre- good on their independence bid. 2016 has strained government services, fueling the vented from participating in the referendum after dozens anti-migrant views. of riot police smashed their way into its polling station to ‘Before and after’ seize voting material just before it opened - plans to mark Puigdemont’s successor, Quim Torra, is scheduled to ‘Hiring’ signs the anniversary of the vote today. “For many, it was a point attend the ceremony in Sant Julia de Ramis. Spanish Prime In the city of Saint-Georges, about 300 km of no return regarding Spain,” said Casamitjana, who lives Minister Pedro Sanchez, who ousted conservative Mariano northeast of Montreal, “hiring” signs hang outside in this town of 3,500 people in the province of Girona, Rajoy in June, has proposed drafting a new autonomy In this file photo taken on Oct 01, 2017 a man waves an most businesses. “I can understand that people where support for independence runs highest. “They statute for Catalonia which could be put to a vote. But ‘Estelada’ (pro-independence Catalan flag) from a balcony want Quebecers to be hired first and foremost, wanted to scare us but it backfired. Before this town was Torra wants to start taking steps to implement independ- after the closing of the ‘Espai Jove La Fontana’ (La Fontana which we try to do, but there’s none or few avail- very divided, now it is more united and convinced than ence. “A year ago we could have negotiated a solution, not youth center) polling station in Barcelona. — AFP able,” said Louise Couture, a human resources offi- ever,” the 58-year-old said. now. October 1 marked a before and after,” said 54-year- cial at semitrailer manufacturer Manac. The regional A civil servant, Casamitjana was in charge of the polling old plumber Santi Anglada. for a long time, now we want them to realize that we are development organization estimates that 5,000 station at a sports center on the village square, where one With Catalans evenly split on the issue of independ- here and we are not afraid,” said Lopez-Liz. She has kept positions for welders, machinists, cargo handlers of the referendum ballot boxes now stands inside a glass ence, the referendum also marked a turning point for oth- busy since the referendum, removing Catalan separatist and programmers in the area are going unfilled. “We cabinet, like a trophy. Ahead of the anniversary, he is ers who had, for the most part, watched passively as the symbols on public buildings and churches and speaking need to bring in a new workforce. We feel the same working with other villagers to decorate the square - independence movement grew. Among them was Lopez- out against alleged separatist “indoctrination” in schools. need in all regions of Quebec. That’s why immigra- which has been renamed “October 1 Plaza” - with red, yel- Liz who watched as dozens of people protected a polling “We are focused on action and we are not going to stop. tion is one of the solutions,” the agency’s Melanie low and blue Catalan separatist flags, as well as banners station in a well-off Barcelona neighborhood. “It’s a huge Each symbol they put up, we take down,” she said. Poulin told AFP. The local unemployment rate is 2.6 and portraits of separatist leaders on trial over the seces- shame that we got to this point,” she told AFP at the time. The group, which has around 500 members, also fights percent, compared with 5.6 percent for the sion attempt. The threat of secession from Spain had in October sent against laws that give priority to the use of the Catalan province and 6.0 percent for all of Canada. half of the population out into the streets of Barcelona to language in schools and the public administration. “For a A sign outside Couture’s office proudly notes ‘We feel deceived’ protest. long time, we accepted teaching in Catalan, positive dis- Manac’s 82 hires since January. The company offers There were many people working at the polling station crimination for Catalan culture. But they have vilified us so a starting salary that is 40 percent higher than the on that day, and when the riot police turned up, they hid ‘Awakened the beast’ much that they have awakened the beast,” said Pedro minimum wage - yet that is not enough. “Hiring for- ballot boxes or shielded them with their bodies. Most of A month after the referendum, Lopez-Liz got together Gomez, a 52-year-old Barcelona editor. “Before people eign workers helps to meet our delivery deadlines,” those who voted cast their ballots for independence. The with others who had long stood on the sidelines to form an tolerated it, but that’s over. I could speak Catalan but I said Couture. “Without immigration, we could not regional Catalan government had promised to declare association that opposes independence called “Aixeca’t don’t feel like it,” he told AFP. “If you don’t like it, you can have the growth we currently have,” said Sylvain independence within 48 hours of the vote if the “yes” side Levantate” - which means “Stand Up”. “We were ignored lump it.” — AFP Bernard, human resources director at OSI Machinery. “The shortage of manpower is a handi- cap for Quebec.” His company decided in 2012 to recruit directly from abroad and now employs six workers from Catalan Costa Rica, one from China and nine recently hired Tunisians, four of whom are still awaiting visas. The separatists immigration process is “so long and painful”, Bernard complained. If immigration procedures were simpler and faster, Couture said, 22 foreign rudderless workers, including a first group from Cameroon, could “start tomorrow” at Manac. n Oct 1, 2017, Catalan separatists held an illegal and divisive referendum which saw them launching a Wedge issue failed attempt to break away from Spain. A year on, Demographer Yves Carriere told AFP that politi- O however, the independence movement is divided and rud- cians have turned immigration into a wedge issue in derless. “We risked everything for the referendum, we the coming election. The Liberals hope to solidify blindly believed them and now we see everything they their base, which includes immigrants and Quebec’s promised was false,” says Adria, an angry independence anglophone minority in Montreal. The CAQ and the supporter who is protesting against the regional, sepa- Parti Quebecois, meanwhile, are targeting mostly ratist government led by Quim Torra. French-speaking suburban and rural voters. But For the past four days, this 23-year-old has camped amid the focus on language, University of Montreal outside the regional government headquarters in professor Marie-Therese Chicha lamented how Barcelona with around 20 other people to demand the many skilled immigrants are forced to take low- republic promised a year ago. “We’ll be here until inde- paying jobs for which they are highly overqualified, pendence. We’re just asking them to move towards setting because Quebec does not recognize their foreign up a republic, or resign and go home.” In this file photo taken on Oct 01, 2017, Catalan president Carles Puigdemont holds a carnation in Sant Julia de diplomas. Ramis during a referendum on independence for Catalonia banned by Madrid. — AFP Since 2015, Quebec has welcomed an average of ‘Historic’ but not enough 50,000 immigrants and refugees a year. But the The October referendum went ahead despite being number of French-speaking newcomers has fallen ruled illegal by the Constitutional Court, and although it accused of rebellion. In the December polls, separatist fledgling negotiations with Spain’s new Socialist Prime from 56 percent in 2015 to 42 percent last year, and was marred by police violence, it was a “historic mile- parties once again won a majority in the regional parlia- Minister Pedro Sanchez, who is less antagonistic than his increasingly they have settled in metropolitan stone”, says political analyst Josep Ramoneda. But a year ment, even if only 47 percent of voters picked them in a conservative predecessor Mariano Rajoy. “Under the table, Montreal instead of the outlying areas where French on the “situation has become paralyzed,” he said. Even if it system that over-represents rural areas which are more there is cooperation with the central government but the is predominantly spoken. Legault suggested that if was illegal and therefore non-binding, 2.3 million people pro-independence. With Puigdemont unable to rule official discourse remains the same,” says Joan Botella, the trend continues, “our grandchildren may not cast their ballots out of 5.5 million eligible voters, 90 per- Catalonia from abroad, Torra was eventually picked to politics professor at the Autonomous University of speak French”. Critics have called his remarks cent of whom voted to break from Spain. And the images replace him. He is loyal to Puigdemont and his Together Barcelona. alarmist, noting that while some newcomers may of police violence went round the world. for Catalonia grouping that formed a coalition with the “The independence movement is divided into three par- never learn French, their children will all be educat- “The first of October was a disgrace for all of us leftwing separatist ERC. ties and there is also a dividing line between the leaders ed in the language of Moliere. because the image of Spain was suffering a lot,” Foreign who are outside Spain, those who are in prison, those who When Ronald Carvajal, a welder, arrived from Minister Josep Borrell said recently in New York. For ‘Many divisions’ aren’t... When there are lots of divisions, the situation jams Costa Rica five years ago, he spoke French Ramoneda, it was a historic moment for the independence But strategies differ. Those loyal to Puigdemont - up and no one is able to take the initiative.” And influential “pantoute”, he said, using Quebec slang for “not at movement but also demonstrated its weaknesses. “With including the CUP, a far-left separatist party which has civil society groups which regularly mobilize hundreds of all” and speaking in a blended Latin-Quebec two million people, you don’t have the necessary tools to withdrawn its support for the regional government - want thousands of independence supporters to protest, are accent. After intensive language courses offered by impose yourself unilaterally,” he adds. to keep the conflict with Madrid alive. But ERC and some starting to be concerned. the government, he is now bilingual and is proud to A subsequent unilateral declaration of independence from PDeCAT, Puigdemont’s former party, advocate mod- Today, they will protest in Barcelona to mark the be able to read the works of acclaimed French- on Oct 27 was proof of that. No country recognised eration and say the independence movement doesn’t have anniversary of the referendum and to ask that “the wishes Canadian novelists such as Michel Tremblay. “I want Catalonia and the Spanish government rapidly dissolved enough support to continue on the path of unilateralism. A of the majority of Catalan people be put into effect”. to make my life here, and die here,” said Carvajal, the Catalan parliament, deposed regional president staunch nationalist slammed as a supremacist by his rivals, “We’re aware of the difficulties but we would like to who is 33. “I would like to buy property here, to Carles Puigdemont and called snap local elections. Torra is trying to accommodate both sides. resume the path to independence,” Elisenda Paluzie, head have my cottage, to retire here.” — AFP Puigdemont and other Catalan leaders fled to Belgium He gives heated speeches, calling for mobilization and of the ANC association, told AFP. “We want to push ahead and those who remained in Spain were jailed days later, criticizing Madrid. But at the same time, he takes part in and avoid taking steps backwards.” — AFP Established 1961
MONDAY, OCTOBER 1, 2018 Business
Fed raises interest rates, steers Fearing debt trap, Pakistan VIVA recognized as ‘Leading Corporate 12clear of US-China trade dispute 13 rethinks Chinese BRI projects 14 for Investor Relations in Kuwait 2018’
NEW YORK: Traders work on the floor at the opening bell of the Dow Industrial Average at the New York Stock Exchange on Friday in New York. — AFP Doomsayers see cracks in world economy Rising interest rates could pop a debt-fueled Wall Street bubble WASHINGTON: Over the last decade, the world’s where rising interest rates could pop a debt- ernment deficit and debt are high. Outside the strategist at Morgan Stanley Investment ratings agency would consider junk, according major economies floated themselves out of reces- fueled Wall Street bubble, gutting investment United States, liabilities may also lurk under all Management, said: “The Fed’s tightening is to Sharma. “When the American markets start sion on oceans of easy money and low, or even portfolios and consumer confidence, and caus- the accumulated debt. Billionaire investor already rattling emerging markets.” He worries feeling it, the results are likely be very different negative, interest rates. For the moment, policy- ing “another long, deep downturn.” Stanley Druckenmiller warned that dollar- that markets have grown “too big to fail,” from 2008 — corporate meltdowns rather than makers and analysts talk of a “Goldilocks econo- He offered some eye-watering numbers in a denominated borrowing by emerging markets, bloated by money which poured in following mortgage defaults, and bond and pension funds my” in the United States, which is enjoying low column in The Wall Street Journal on Thursday, like Turkey, Argentina and others, meant they the 2008 meltdown as central banks tried to affected before big investment banks,” he unemployment, brisk growth, improved household warning that a drop in stock prices back to their already are facing “a shrinkage of liquidity” as stabilize the system. warned. Economist Joel Naroff told AFP the finances and a strengthened banking system. historical averages from current dizzying the US central bank raises interest rates. Central bank balance sheets went from $5 fading boost of December’s tax cuts, combined But with much of the pain having subsided heights would eliminate $10 trillion of US trillion to $17 trillion in the last decade, he wrote with stagnant wage growth, could leave con- and US interest rates steadily rising, prominent household wealth, slashing consumer spending The trigger this month in The New York Times, swelling the sumer spending “out of gas” in the next six to investors and economists are shining a light on by about $400 billion, and cutting two percent- Federal Reserve rate hikes raise borrowing value of global markets to $290 trillion, or a nine months. the issues that could trigger the next recession. age points off GDP growth. costs for companies and governments, particu- record 360 percent of global Gross Domestic With the housing market already soft, a slow- They point not to risk subprime mortgage “Add in the effects on business investment, larly those with dollar-denominated debt, and Product. Meanwhile, debt held by S&P 500 cor- down in the real economy could be the first shoe lending, which sparked the last crisis 10 years and this spending crunch would push the econ- those who need to refinance. porations has risen to 1.5 times earnings since to drop, he added, with debt-fueled market bub- ago, but instead to voracious borrowing by cor- omy into recession,” Feldstein wrote. Neither “My assumption is one of these hikes-I 2010, near peaks that preceded past recessions. bles being the second. “My view is that the next porations and emerging market economies. the Federal Reserve nor Congress are in a don’t know which one-is going to trigger this The typical privately-held corporation pur- recession will be an average recession,” Naroff Martin Feldstein, chief economic adviser to position to do much to respond, since there is thing,” Druckenmiller said, according to chased by private equity investors in that time is said, but added, “The worst-case scenarios are President Ronald Reagan, paints a grim picture little room to cut interest rates, and the gov- Business Insider. Ruchir Sharma, chief global leveraged to six times earnings, twice what a not unreasonable to project.” — AFP Brexit has cost Britain €500m “structural reforms,” including reassessing Saudi says to government spending and ensuring more Saudi citizens enter the employment market. a week: Study Saudi Arabia has pushed an aggressive eliminate campaign to diversify its income sources in LONDON: Britain’s decision to leave the recent years, hiking fees on expatriate European Union has cost the government 500 workers and raising fuel and electricity million pounds ($650 million) a week, wiping deficit by 2023 prices. It is also looking to replace foreign- out for the moment any future savings from RIYADH: Saudi Arabia said yesterday it ers with local hires, in a bid to contain wel- stopping payments to the bloc, according to a expects to balance its budget by 2023, as oil fare payments to citizens. study published yesterday. prices rebound and the deficit-hit kingdom The Saudi economy took a turn for the The economic impact of the Brexit vote has looks to diversify revenue. “The deficit is better in the first half of 2018, as revenues been the subject of intense debate, with sup- expected to continue to decline gradually jumped 67 percent, mainly due to a rise in porters and opponents of leaving the EU seiz- over the medium term... until it reaches the oil prices. ing on positive and negative data to reinforce fiscal balance by 2023,” said Saad But public spending rose 34 percent for their case. The Centre for European Reform, a Alshahrani, head of the finance ministry’s fis- the same period, according to official fig- research group that focuses on the European cal policy department, in a statement carried ures. In a report last month, the IMF rec- Union, said the British economy is about 2.5 ommended reducing the government wage BIRMINGHAM: Britain’s Prime Minister Theresa May (right) walks with her husband by the official Saudi Press Agency. percent smaller than it would have been if the The kingdom-the world’s top crude bill, as part of measures to bring the deficit public have voted to remain in the bloc in June Philip May (left) along the bridge from the hotel to the International Convention Centre down to 1.7 percent of GDP in 2019. in Birmingham, central England yesterday. — AFP exporter-has posted budget deficits 2016. Its findings were based on the impact on totalling more than $260 billion (225 million Plans to list oil giant Aramco’s shares on the economy until the end of June 2018. euros) since the 2014 crash in oil prices. The the stock market-which authorities said Public finances have been dented by 26 bil- model of how Britain’seconomy could have per- Britain’s actual economic performance since shortfall came in at a preliminary 9.3 percent would raise $100 billion-have stalled this lion pounds a year, the equivalent of 500 million formed had the campaign to remain in the EU the vote. British economic growth in the first of gross domestic product in 2017, down year. Aramco’s chief executive Amin Nasser pounds a week and a figure that is growing, the won the referendum in 2016. half of this year was the weakest for a six- from 17.2 percent in 2016, according to on Sunday declined to confirm whether the group said https://www.cer.eu/insights/cost- The group said its analysis was based on month period since the second half of 2011 International Monetary Fund data. firm still aimed to go public by 2020 but said brexit-june-2018. The Centre for European 22 advanced economies whose characteristics and companies were cutting investment, sug- Alshahrani said the government would the government was “committed” to the Reform, which describes itself as “pro- closely matched Britain and that did not vote gesting companies were taking a cautious continue to close the budget gap through flotation in an interview with CNBC. — AFP European but not uncritical”, said it created a to leave the EU. They then compared it with approach before Brexit. — Reuters 12 Monday, October 1, 2018 Business
NBK MONEY MARKET REPORT Fed raises interest rates, steers clear of US-China trade dispute Turbulent Brexit negotiations drag on
KUWAIT: The US central bank took center-stage last week as this precedent. A dysfunctional administration with an it raised interest rates for the eighth time since the Fed began absurd rate of staff turnover, a special counsel investiga- normalizing policy in December 2015. The Federal Reserve tion that has found guilty countless associates of his, and raised rates by another 25 basis points on Wednesday, lifting an upcoming midterm election that may prove fatal to his the upper target for its key rate to 2.25 percent. presidency are only some of the items on Trump’s agenda. Despite ongoing escalation by the Trump administra- At the moment, it seems that the president may be spread- tion, the Fed made no reference to trade worries in its ing himself too thin and the path of the Fed could very well post-meeting statement. On the contrary, the Fed asserted be the least of his worries. its expectations that the US economy will grow by more than 3 percent this year, citing an uplift in business activity US consumer confidence and solid job gains. Median forecasts released by the Fed’s Meanwhile, US consumer confidence recorded its highest policymakers pointed to one more rate rise this year, fol- level in about 18 years as it rose to 138.4 for September up lowed by three increases in 2019 and another in 2020, in from 134.7 in August. Supported by a strong economy and line with previous expectations. robust job growth, the high confidence levels reveal sentiment The rate hike, which the market was expecting, came as on current economic conditions and prospects for the next 6 no surprise. Neither did Trump’s criticism. In the past, months, including business and labor market conditions. Trump has made it known that he is not a fan of the ongo- Manufacturing activity also rose to the highest level in 14 ing rate hikes implemented by the Federal Reserve and has years in August, along with the economy growing at a pace of publicly voiced his disapproval on numerous occasions. 4 percent last quarter. Even though economists have warned Nevertheless, the Fed’s decision was not only the thing that the trade war between the US and China will possibly be on the president’s mind. Trump’s Supreme Court nomina- accompanied by job losses and higher prices for consumers, tion has directly led to an incredible bipartisan showdown such figures reveals increasing confidence in the economy. in the Senate, for the simple reason that this nominee will have the power to sway significant decisions by locking in UK and Europe the bloc “treat the UK with respect” in regards to Brexit President Trump’s threats of further tariffs are blocking a conservative majority on America’s highest court. Towards the end of the week, the euro fell below 1.1600 negotiations, re-iterating her warning that a no-deal Brexit any chance for negotiations between the two economic Additionally, the president has also continued to lock for the first time in two weeks after Italy’s government is better than a bad deal. She told European leaders it was powers. The comments were made following the impo- horns with China over trade disputes that have shown no agreed a budget seen by some investors as defying “not acceptable to simply reject” her plan as the stalemate sition of duties on $200 billion of Chinese products as signs of slowing down. Brussels. Italy’s populist coalition followed through with in negotiations deepened. May is facing opposition from President Trump gives no indication of backing down. As oil prices broke $80 for the first time in 4 years, campaign promises as they emerged victorious in a tense several fronts in regards to her Brexit plan as the March Trump continues to insist on unfair trading practices, Trump also took aim at OPEC as he spoke in front of the stand-off with Giovanni Tria, Italy’s economy minister. The deadline for an agreement approaches. Members within while Beijing has signaled that discussions will only be UN General Assembly on Tuesday. Trump told the UN that country’s new budget will aim for a deficit of 2.4 percent her party have launched an alternative plan for leaving the possible after the US midterm elections in November. OPEC members were “as usual ripping off the rest of the of GDP, a number far higher than the target of the econo- European Union in an effort to force May out of her In total, Trump has imposed tariffs on $250 billion of world” and that the US was “not going to put up with my minister, and one that risks putting Rome on a collision Chequers deal attempt. Former Brexit Secretary David Chinese goods, while the Chinese government has these horrible prices much longer”. Trump’s rhetoric has course with Brussels and unnerving financial markets. Davis quit in July due to disagreements with May, and is retaliated with $110 billion in US products. If Trump added fuel to the so called NOPEC bill. This piece of legis- Turbulence in Italy along with weaker than expected infla- now backing the proposal for a “more aggressive” strate- were to follow through on his threat on tariffs worth lation, if passed, would effectively allow open up OPEC to tion data were enough to drive the Euro to a low of 1.1566. gy towards EU negotiations which involve opening trade $267 billion, that would cover the total amount of antitrust lawsuits by the US Government. In the past, On the other hand, the dollar proceeded to rise sharply, talks with other countries around the world. imports from China. chances of such a bill becoming law have been slim as both setting an 10-month high against the Japanese yen. Presidents George W. Bush and Barack Obama threatened Trade war drags on Kuwait to use their veto power to prevent it becoming law. Now Brexit negotiations Meanwhile, the Chinese government has called off Kuwaiti dinar however, the risk for OPEC is that Trump could break with The British Prime Minister Theresa May has demanded previously planned talks with US officials, claiming that USD/KWD opened at 0.30310 yesterday morning.
explaining the budget that we are preparing and cent of GDP in 2021, Tria said. Debt will be Growth to help the tools we plan to use to reach our main reduced by boosting growth through invest- objective, which is growth, that the fears will ment, he added, forecasting next year’s GDP cease,” Tria said in an interview with Il Sole 24 would be 1.6 percent, higher than the 1.4 per- Failure to reform curb Italy debt Ore newspaper. cent forecast in April. The deficit level “is absolutely not a challenge In 2020, growth will accelerate to 1.7 despite higher to Europe,” Tria added. These were Tria’s first percent compared with a previous forecast global trade rules comments since Thursday, when the ruling par- of 1.3 percent. deficit: Tria ties quashed his attempts to keep the deficit Current trend growth - without considering fuels tensions: under 2 percent of GDP next year, which some any budget stimulus - is only 0.9 percent for lawmakers said prompted the minister to offer 2019, down from a previously forecast 1.4 per- Report ROME: Investments will fuel Italian economic his resignation. cent, Tria said. A consensus of institutional fore- growth over the next two years and the debt Tria, who denied he had threatened to quit, casts puts growth at about 1.5 percent this year level will be put on a downward path despite a will face initial scrutiny today from his fellow and close to 1 percent in 2019. WASHINGTON: Long-delayed reforms to significant increase in the budget deficit, eurozone finance ministers meeting in Debt reduction will be guaranteed by a the global trading system have sparked an Economy Minister Giovanni Tria said yesterday. Luxembourg. The opposition centre-left mechanism that automatically cuts spending if increase in tensions among major Italy’s ruling parties-the anti-establishment Democratic Party held a rally in a central square growth falls short, Tria said. An extraordinary economies, and derailed the economic ben- 5-Star Movement and the right-wing League- in Rome yesterday to protest against the budget investment plan will channel 0.2 percent of efits most often felt by the poor, according NEW YORK, NY: Chairman of the American last week proposed a 2019 deficit of 2.4 percent and the government, prompting Di Maio to label GDP, or about 3.4 billion euros, into public to a new report released yesterday. Chamber of Commerce in Spain and CEO of of gross domestic product (GDP), three times them and newspapers that have criticized the works next year, and the funding will double in The failure to continue to adjust global TELAM Global Partners Jaime Malet and the previous administration’s target. Deputy budget the “enemies of Italy” in a blog post. 2020, Tria said. trade rules in the last two decades, partic- Concordia Co-Founder, Chairman and CEO Prime Minister and 5-Star leader Luigi Di Maio Italy’s president and its central bank gover- In an interview with Corriere della Sera ularly in agriculture and services, has Matthew Swift pose backstage during the hailed the move as the basis for a “people’s nor had warned on Saturday that the country’s newspaper, Prime Minister Giuseppe Conte said undermined the potential to boost growth 2018 Concordia Annual Summit - Day 1 at budget” that would include a minimum income debt must remain sustainable. a separate plan involving state-owned compa- and reduce poverty, according to the joint Grand Hyatt New York in New York City. — AFP for the poor that would “abolish poverty”. nies would see 38 billion euros ($44.1 report by the International Monetary However, the announcement rattled markets, Growth, investments billion)invested over the next 15 years. All funds Fund, World Trade Organization and And a WTO report last week said prompting a bond sell-off and a rout of banking The new government, which took power in will be monitored by a special group set up in World Bank. global trade would be slower than previ- stocks. It also set up a clash with the European June, has yet to publish the full list of public the prime minister’s office, which will also have The organizations are urging redou- ously expected, as escalating trade ten- Commission, which monitors and enforces EU finance and growth forecasts that will be the the job of cutting through red tape that has bled efforts to accelerate reforms, espe- sions “will slow trade growth for the rest fiscal rules. basis for next year’s budget, but Tria said debt slowed investment in recent years. cially in the WTO, to salvage the eco- of this year and in 2019.” But Tria, an economist who belongs to nei- would decline by a percentage point of GDP for In another newspaper interview, Cabinet nomic benefits of trade, which have Despite raising living standards ther ruling party, said that the Commission and each of the next three years. Undersecretary Giancarlo Giorgetti told la stalled, and ensure the prosperity is around the world since the end of World markets should be reassured once they have a Italy’s debt is the largest among the big Repubblica that there was still time to change shared more widely. “The system of War II, trade reforms stalled in the early clear picture of next year’s budget, due to be European economies at about 131 percent of the targets if necessary: “If something doesn’t global trade rules that has nurtured 2000s and remain incomplete while presented by Oct. 20. “My hope is that by GDP. The government sees it falling to 127 per- work... we will intervene.” — Reuters unprecedented economic growth across multiple generations faces tensions,” the domestic policies continue to impede report said. “Though only recently trade, the joint report said. Global trade brought to the fore, those tensions are volumes grew about seven percent annu- day transporting goods between Turkey and the fighting started in 2011 and its closure has hit ally in the 1990s-double the rate of glob- Gulf, and Lebanon and the Gulf. the economy of Syria and its neighbors. rooted in issues that have been left unre- Syria to reopen solved for too long.” al GDP growth-but slowed sharply in the Syrian forces restored control over the route Following the official denial by Amman, years before the 2008 financial crisis. in July. The latest Syrian statement corrected an Syrian state media ran a new statement by the US President Donald Trump capital- Nassib crossing ized on the rising antagonism towards A critical issue has been the failure to earlier one saying the restoration of the move- transportation ministry saying that “logistic adjust rules to reflect the dominance in ment of trucks and goods through the crossing preparations to reopen the crossing are now globalization in his campaign for the White House and since taking office has trade of services, including ecommerce, with Jordan had already begun. complete, so that the Nassib border crossing which now account for two-thirds of The Jordanian government had denied that with Jordan will reopen on the tenth of October pursued a confrontational trade policy that has imposed steep tariffs on allies global GDP and employment, and half of on October 10 assertion, saying the two sides were still study- and start receiving truck and transit traffic.” global trade, the report said. ing the reopening of the border between the The Jordanian government, in its statement, and adversaries without distinction. Trump also harshly criticized the Services are key to trade in goods as BEIRUT: Syrian state media said on Saturday two countries. “Jaber Nassib crossing is still did not set a specific date for an opening. WTO, saying it has allowed China to well, since manufacturing relies on many the major Nassib border crossing with Jordan closed. It hasn’t reopened yet for movement of Lebanon’s economy minister told Reuters in July exploit the rules and been unfair to the services to bring their products to mar- would reopen on October 10, three years goods and passengers,” an official statement the crossing was “a vital artery” for the United States. The IMF has warned that ket. “The current focus on trade tensions after the trade route was captured by rebels quoted Jordanian government spokeswoman Lebanese economy. the trade confrontations are a serious threatens to obscure the great untapped and closed. Joumana Ghonaimat as saying. The Syrian government has recovered con- risk to the global economy that could benefits possible from further trade The closure of the crossing in 2015 cut an Billions of dollars in annual trade moved trol of most of the country with the help of its undermine economic growth. reform,” the report said. — FP important transit route for hundreds of trucks a through the crossing, in southern Syria, before Russian and Iranian allies. — Reuters
EXCHANGE RATES ment. The scope of the tax exemp- China widens IT tion has been expanded to all sec- tors where foreign investment is not prohibited, the finance ministry said exemption for in a statement. CURRENCY BUY SELL US Dollars 0.299850 0.305150 Thai Baht 0.009046 10.009596 The move will help “further encour- Europe US Dollars Mint 0.300350 0.305150 foreign investors age foreign investment in China”, the British Pound 0.388696 0.403596 Arab finance ministry said on its website. Czech Korune 0.005782 0.015082 Asia Bahraini Dinar 0.791557 0.808057 The tax exemption expansion is Danish Krone 0.043384 0.048384 Bangladesh Taka 0.002971 0.003772 Egyptian Pound 0.014356 0.020074 BEIJING: China has widened income retroactive from Jan. 1 this year, which Euro 0. 346044 0.359744 Chinese Yuan 0.042706 0.046206 Iranian Riyal 0.000084 0.000085 tax exemption on re-invested profits means firms that have paid taxes this Georgian Lari 0.134778 0.134778 Hong Kong Dollar 0.036978 0.039728 Iraqi Dinar 0.000205 0.000265 Hungarian 0.001145 0.001335 Jordanian Dinar 0.424402 0.433402 for foreign firms, the finance ministry year will be refunded. Indian Rupee 0.003593 0.004365 said yesterday, to try to boost foreign Norwegian Krone 0.033319 0.038519 Indonesian Rupiah 0.000016 0.000022 Kuwaiti Dinar 1.000000 1.000000 China’s standard corporate tax rate Romanian Leu 0.065109 0.081959 Lebanese Pound 0.000156 0.000256 investment amid trade tensions. Japanese Yen 0.002597 0.002777 is 25 percent although it gives firms Russian ruble 0.004648 0.004648 Korean Won 0.000263 0.000278 Moroccan Dirhams 0.022460 0.046460 The ministry said last December more leeway to make profit deductions Slovakia 0.009078 0.019078 Omani Riyal 0.783162 0.788842 it would temporarily exempt foreign Malaysian Ringgit 0.070054 0.076054 when they make charitable donations. Swedish Krona 0.030317 0.035317 Nepalese Rupee 0.002628 0.002968 Qatar Riyal 0.079198 0.084138 firms from paying provisional The government has taken steps to Swiss Franc 0.303439 0.314439 Pakistan Rupee 0.001883 0.002653 Saudi Riyal 0.079967 0.081287 income tax on profits they re-invest attract foreign investment, as part of Philippine Peso 0.005501 0.005801 Syrian Pound 0.001288 0.001508 Australasia in the country. But such policies only policy steps to support the slowing Singapore Dollar 0.217080 0.227080 Tunisian Dinar 0.104279 0.112279 Australian Dollar 0.212008 0.224008 Turkish Lira 0.044138 0.055638 covered investment into sectors economy amid rising trade tensions Sri Lankan Rupee 0.001522 0.002102 New Zealand Dollar 0.195358 0.204658 UAE Dirhams 0.081329 0.083029 encouraged by the Chinese govern- Taiwan 0.010430 0.010610 with the United States. — Reuters Canadian Dollar 0.230443 0.239443 Yemeni Riyal 0.000988 0.001066 Established 1961 13 Business Monday, October 1, 2018 Fearing debt trap, Pakistan rethinks Chinese BRI projects Resistance against ‘Silk Road’ projects stiffens under Khan regime
ISLAMABAD: After lengthy delays, an $8.2 billion Pakistan wanted, he added. “This is Pakistan’s economy, revamp of a colonial-era rail line snaking from the this is their society,” Yao said. Islamabad’s efforts to Arabian Sea to the foothills of the Hindu Kush has recalibrate CPEC are made trickier by its dependence become a test of Pakistan’s ability to rethink signature on Chinese loans to prop up its vulnerable economy. Chinese “Silk Road” projects due to debt concerns. Growing fissures in relations with Pakistan’s ally the The rail megaproject linking the coastal metropolis United States have also weakened the country’s negoti- of Karachi to the northwestern city of Peshawar is ating hand, as has a current account crisis likely to lead China’s biggest Belt and Road Initiative (BRI) project in to a bailout by the International Monetary Fund, which Pakistan, but Islamabad has balked at the cost and may demand spending cuts. financing terms. “We have reservations, but no other country is Resistance has stiffened under the new government investing in Pakistan. What can we do?” one Pakistani of populist Prime Minister Imran Khan, who has voiced minister told Reuters. alarm about rising debt levels and says the country must wean itself off foreign loans. Crumbling railways “We are seeing how to develop a model so the gov- The ML-1 rail line is the spine of country’s dilapidat- ernment of Pakistan wouldn’t have all the risk,” Khusro ed rail network, which has in recent years been edging Bakhtyar, minister in Pakistan’s planning ministry, told towards collapse as passenger numbers plunge, train reporters recently. lines close and the vital freight business nosedives. The cooling of enthusiasm for China’s investments Khan’s government has vowed to make the 1,872 km mirrors the unease of incoming governments in Sri (1,163 mile) line a priority CPEC project, saying it will Lanka, Malaysia and Maldives, where new administra- help the poor travel across the vast South Asian nation. tions have come to power wary of Chinese deals struck But Islamabad is exploring funding options for by their predecessors. CPEC projects that depart from the traditional BRI Pakistan’s new government had wanted to review all lending model - whereby host nations take on Chinese BRI contracts. Officials say there are concerns the deals debt to finance construction of infrastructure - and has China’s plan for a modern Silk Road of railways, ports and other facilities linking Asia with Europe has were badly negotiated, too expensive or overly favored invited Saudi Arabia and other countries to invest. hit a $14 billion pothole in Pakistan. China. One option for ML-1, according to Pakistani officials, But to Islamabad’s frustration, Beijing is only willing is the build-operate-transfer (BOT) model, which would harvest” CPEC projects that would be prioritized, along Analysts say Pakistan will struggle to attract non- to review projects that have not yet begun, three senior see investors or companies finance and build the proj- with power plants urgently needed to end crippling Chinese investors into the project, which may force it to government officials have told Reuters. China’s Foreign ect and recoup their investment from cashflows gener- electricity shortages. choose between piling on Chinese debt or walking Ministry said, in a statement in response to questions ated mainly by the rail freight business, before return- But while many other projects from that list have away from the project. faxed by Reuters, that both sides were committed to ing it to Pakistan in a few decades time. now been completed the rail scheme has been stuck. In 2017, Pakistan turned down Chinese funding for a pressing forward with BRI projects, “to ensure those Yao, the Chinese envoy, said Beijing was open to Pakistani officials say they became wary of how ear- $14 billion mega-dam project in the Himalayas due to projects that are already built operate as normal, and BOT and would “encourage” its companies to invest. ly BRI contracts were awarded to Chinese firms, and cost concerns and worries Beijing could end up owning those which are being built proceed smoothly”. Rail mega-projects under China’s BRI umbrella have are pushing for a public tender for ML-1. Partly to help a vital national asset if Pakistan could not repay loans, Pakistani officials say they remain committed to run into problems elsewhere in Asia. A line linking with price discovery, Pakistan asked the Asian as occurred with a Sri Lankan port. Chinese investment but want to push harder on price Thailand and Laos has been beset by delays over Development Bank (ADB) to finance a chunk of the rail Khan’s government chafes at several Chinese interci- and affordability, while re-orientating the China- financing, while Malaysia’s new Prime Minister project through tendering. The ADB began discussions ty mass transport projects in Punjab, the voter heart- Pakistan Economic Corridor (CPEC) - for which Beijing Mahathir Mohamad outright cancelled the Chinese- on a $1.5-2 billion loan, but China insisted the project land of the previous government, which now need hun- has pledged about $60 billion in infrastructure funds - funded $20 billion East Coast Rail Link (ECRL). was “too strategic”, and Islamabad kicked out the ADB dreds of millions of dollars in subsidies every year. They to focus on projects that deliver social development in Beijing is happy to offer loans, but reticent to invest under pressure from Beijing in early 2017, according to also fume about the risk of accumulating off-books line with Khan’s election platform. in the Pakistan venture as such projects are seldom Pakistani and ADB officials. sovereign debt through power contracts, where annual China’s Ambassador to Pakistan, Yao Jing, told profitable, according to Andrew Small, author of a book “If it’s such a strategic project then it should be a profits of above 20 percent, in dollar terms, were guar- Reuters that Beijing was open to changes proposed by on China-Pakistan relations. viable project for them to finance on very concessional anteed by the previous administration. the new government and “we will definitely follow their “The problem is that the Chinese don’t think they terms or invest in?” said one senior Pakistani official With the ML-1 line, there are also those who harbor agenda” to work out a roadmap for BRI projects based can make money on this project and are not keen on familiar with the project, referring to the BOT model. doubts closer to home, including the previous govern- on “mutual consultation”. BOT,” said Small. China’s foreign ministry said Beijing was engaged in ment’s finance minister, Miftah Ismail, who said his min- “It constitutes a process of discussion with each “friendly consultations” with Pakistan on the rail proj- istry had always had concerns about its viability. other about this kind of model, about this kind of Off-books debt ect. Chinese companies participated in BRI projects in “When people say it’s a project of national impor- roadmap for the future,” Yao said. During President Xi Jinping’s visit to Pakistan in an open and transparent way, “pooling benefits and tance, that usually means it makes no sense financially,” Beijing would only proceed with projects that 2015, the ML-1 line was placed among a list of “early sharing risks”, it said. he said. —Reuters China factory sector hurt in Money launderers September as are taking EU to trade frictions bite the cleaners, BEIJING: Growth in China’s manufacturing sector experts say sputtered in September as both external and domestic demand weakened, two surveys showed yesterday, PARIS: European Union nations may boast the world’s raising the pressure on policymakers as US tariffs most stringent anti-money laundering rules, but recent appear to be inflicting a heavier toll on the Chinese scandals show that criminals are good at exploiting the economy. bloc’s Achilles’ heel: A patent lack of coordination. A private survey showed growth in the factory sec- “There are problems relating to coordination at various tor stalled after 15 months of expansion, with export levels: at the national level, between prudential and anti- orders falling the fastest in over two years, while an money laundering institutions, and between states and official survey confirmed a further manufacturing weak- the European Union,” said Laure Brillaud at ening. Taken together, the business activity gauges - Transparency International EU. the first major readings on China’s economy for Denmark, seen widely as a beacon in the global fight September - confirm consensus views that the world’s against corruption and fraud, was thrust into the spot- second-largest economy is continuing to cool, which is light when an inquiry found that probably many billions likely to prompt Chinese policymakers to roll out more China manufacturing activity slows as trade war rages. —AFP of euros were laundered through the Estonian branch of growth-support measures in coming months. the Scandinavian country’s biggest lender, Danske Bank. “We should make policy preparations as the external But the Caixin/Markit Manufacturing Purchasing of future activity - contracted at the fastest pace since Managers’ Index (PMI) fell more than expected to 50.0 February 2016, with companies attributing the shrinking ‘Suspicious’ pressure on the economy is rising and it will increase According to the probe, “a large part” of transactions from 50.6 in August. Economists polled by Reuters had orders to trade frictions and subsequent tariffs. In the further next year,” said Tang Jianwei, senior economist totaling 200 billion euros ($235 billion) at that branch at Bank of Communications in Shanghai. Some cushion forecast 50.5 on average. For the private survey, official survey, the new export orders sub-index fell to were “suspicious”. A big chunk of the allegedly laun- for the slowing economy might come from services, September was the first time China’s factories had not 48.0 from 49.4 in August, contracting for a fourth straight dered funds came from Russia, while the second-biggest which account for more than half of China’s economy. seen business improve since May 2017, when activity month. “Expansion across the manufacturing sector group of non-resident customers were UK corporate The official non-manufacturing Purchasing Managers’ contracted. weakened in September, as exports increasingly dragged entities. Britain has announced a probe into the activities Index (PMI), released by the National Bureau of down performance and continued softening demand of these companies. Statistics yesterday, showed services expanded at a Shrinking export orders began to have an impact on companies’ production,” said Also this month, Dutch banking giant ING axed its faster rate in September. For manufacturing, the official The official data covers a much larger number of Zhengsheng Zhong, director of macroeconomic analysis top financial officer following a scandal over the firm’s index fell to a seven-month low of 50.8 in September, companies, while the private poll focuses more on small at CEBM Group. “Downward pressure on China’s econo- failure to vet clients for potential money laundering from 51.3 in August and below a Reuters poll forecast and medium-sized firms, which are vital to China’s job my was significant,” said Zhong. Tang of Bank of activities. In March, Malta’s financial services watchdog of 51.2. That index has stayed above the 50-point mark, creation. Chinese officials have pledged to prevent Communications said he expects China’s economic froze the assets of Pilatus Bank after the bank’s chairman which divides expansion from contraction, 26 straight extensive job losses as trade risks mount. growth to slow to 6.6 percent in the third quarter from was arrested for allegedly circumventing US sanctions months. In the Caixin survey, new export orders - an indicator 6.7 percent in April-June. —Reuters in Iran. And in February, US authorities accused Latvia’s third-largest lender ABLV of large-scale money laun- “In sector reallocation, momentum certainly plays a dering with connections to North Korea’s nuclear Healthcare firms role, and we are still very early in the momentum of the weapons development program. healthcare sector,” said David Lafferty, chief market Other European banking giants, including HSBC, strategist at Natixis Investment Managers. Societe Generale and BNP Paribas have been fined mil- lions of dollars in recent years for failing to put in place ride on defensive Investors took advantage of particularly cheap valu- sufficient anti-money laundering controls. ations for healthcare shares this summer. They were “It’s a good sign that these cases are coming to light, appeal, earnings further attracted by the many healthcare companies but it remains a concern that the United States has to that surpassed expectations for second-quarter profit flag the problem,” said Brillaud at Transparency NEW YORK: Healthcare company shares have taken the and revenue, making it one of the best sectors on those International EU. lead in the record-setting US stock market, and a desire measures. for investors to become more defensive combined with With fears that the economy may be on the verge of No match potentially strong upcoming earnings could drive them slowing, investors said healthcare, which represents 15 The EU’s parliament in August adopted a new anti- even higher. One big uncertainty that threatens the sec- percent of the S&P 500, has also benefited as a potential money laundering directive, a move the European tor’s run: the looming congressional elections in less than defensive play and relative safe haven in rocky market Commission said would “bring more transparency to times. “Healthcare really is giving investors a lot of bang improve the fight against money laundering and terrorist six weeks. NEW YORK: The numbers are displayed at the opening bell of the for its buck right now,” said Martin Jarzebowski, health- financing across the European Union”. But experts say Healthcare has topped all other major S&P 500 sec- Dow Industrial Average at the New York Stock Exchange on the EU’s efforts are simply no match for criminals who tors in the third quarter, rising more than 13 percent, or care sector head at Federated Investors. Friday. —AFP nearly twice the gain of the overall market in the period. As much as any sector, healthcare has a lot on the line have seen through the lack of a centralized authority The surge has propelled healthcare into the top eche- with the upcoming Nov. 6 congressional elections. tasked with fighting fraud across the bloc. lon of sector performers for the year, trailing only tech Investor worries about onerous regulations, particularly Those fears would reemerge if expectations increase Emile Legroux of the Paris-based consulting group and consumer discretionary, both of which are undergo- for prescription drug pricing, have abated recently, ana- that Democrats were on track to seize control of both the Mazars said that while the new EU directive aims to har- ing a major shake-up that could cause confusion for lysts said, allowing for a longtime policy cloud over the Republican-held Senate and House of Representatives, as monize efforts across the bloc, differences between investors who make broad sector bets and lead to even stocks to lift, even as US President Donald Trump has they are seen as more likely to impose tougher rules on member states’ legal structures mean there are bound to be gaps in implementation. —AFP more investment in healthcare. sought to lower the cost of medicines for consumers. industry. —Reuters 14 Business Monday, October 1, 2018 VIVA recognized as ‘Leading Corporate for Investor Relations in Kuwait 2018’ VIVA also third among best investor relations specialists in ME
KUWAIT: VIVA, Kuwait’s fastest-growing and most developed telecom operator, is pleased to announce that it has been recognized as “Leading Corporate for Investor Relations in Kuwait” and third in the Middle East, during the Annual Awards Gala held in Dubai to reward the best investor relations specialists from Companies and Individuals in the Middle East Region. The Gala took place at the 10th annual conference of the Middle East Investor Relations Association “MEIRA” in presence of the biggest listed shareholding companies on the stock exchanges in the GCC and the Middle East Region. VIVA’s CFO, Mohammed bin Abdulmohsen Al-Assaf, received VIVA’s awards. In addition, Wassim El Hayek, Investor Relations Director at VIVA has won “Best Investor Relations Professional in Kuwait”. Eng Salman Bin Mohammed bin The Middle East Investor Relations Award is consid- Abdulaziz Al-Badran Abdulmohsen Al-Assaf ered the biggest event focusing on the role and practices of the Investor Relations in the region. The leading compa- nies applying the highest professional standards in formance”. He added: “The activations of Investor investor relations are honored and awarded based on a Relations Department’s roles are an essential part of cor- survey prepared and launched by EXTEL Corporation porate governance principles which aiming to improve about investor relations. This survey is conducted with a work environment, transparency and shareholders protec- wide participation of the financial analysts and investors of tion. VIVA is keen to apply all rules and regulations that the local & International investment companies and banks. are in line with our principles, values and professional meet the needs of the Investment community over all of all MEIRA’s Chairman, Alex MacDonald Vitale said: In this occasion, Eng Salman Bin Abdulaziz Al-Badran, standards to result to our shareholders’ interests. segments of society both inside and outside Kuwait, in “Across the Middle East, we have been seeing tremendous VIVA’s CEO said: “Since its incorporation, VIVA is com- Therefore we always seek to concentrate our efforts to addition by extending and enhancing the communications efforts to implement best practice in investor relations and mitted, through its successful strategy, to play the leading achieve the best results through integrated professional tools and channels of the transparency. The awards prove corporate governance. In all categories, this year’s award role by applying the best practices and professional stan- team in timely and efficiently manner”. effective and continuous outstanding efforts exerted by winners have demonstrated their unequivocal commitment dards across all VIVA’s sectors and departments that sup- Mohammed Bin Abdulmohsen Al-Assaf, VIVA’s CFO VIVA Investor Relations Department to respond for our to further advancing the quality of IR in the Middle East. port its activities and plans. These awards reflect the said: “Granting VIVA’s Kuwait two Investor Relations investors’ requirements to provide them with information This is also in part a reflection of the positive impact that efforts exerted by the executive management and Investor Awards for the second time during the last three years and through various communication channels. Both awards giv- MEIRA has had since inception one decade ago. Much has Relations Department to enhance communications and ranked for the first time as 3rd among all the listed compa- en to VIVA; the Leading Corporate for Investor Relations been achieved, and we could not be prouder to see the transparency with investment community and shareholders nies in the MENA stock markets which is more than 1,000 and the Best Investor relations Professional in Kuwait, is fruits of our work and celebrate the achievements of those who proved their satisfaction with VIVA’s performance in company assures the leading role of VIVA amid the considered a great achievement if compared with the short who have proven to be true front-runners in their field. We field of investor relations through fulfilling all investors’ Kuwaiti listed companies through our excellency and suc- period for launching Investor Relations Department’s activ- look forward to continuing to support all MEIRA members requirements such as meetings and inquiries about the cess in developing investor relations, also by applying the ities since 2015 and it reflects VIVA employees’ efficiency, and IR professionals in raising the bar and promoting the VIVA’s developments and its financial and operational per- best practices and professional standards to interact and experience and sincerity to achieve the best results”. development of the region’s capital markets.”
Everyone gets Al-Tijari announces Flydubai recognized to win with winner of Al-Najma at CEO Middle East Al Mulla Exchange new prize program
Awards and the Online and App KUWAIT: Commercial Bank of Kuwait announced the winner of the weekly draw as follows:- APEX Awards KUWAIT: Al Mulla Exchange, Weekly draw prize KD 5,000- Mohammed Hanef the leading money remittance Abdul Rahman KUWAIT: Dubai-based airline flydubai was recognized company in Kuwait, has launched The draw was conducted in the presence of Ministry of in the ‘Aviation CEO of the Year’ category at this year’s an exciting online promotion Commerce and Industry representative Ms Latifa Al-Jean. CEO Middle East Awards. The award was collected by yesterday titled ‘Everyone wins The bank stated that the account prizes this year is featured Ghaith Al-Ghaith, the airline’s CEO. Launched in 2006, with Al Mulla Exchange’. by the highest cash prize and diversity of prizes throughout the CEO Middle East Awards are judged by an editorial Customers remitting through their online portal R Shankar the year clarifying that Al-Najma Account will offer weekly panel and recognize the most successful and innovative www.almullaexchange.com or using Al Mulla Exchange prize of KD 5,000 and monthly prize of KD 20,000 and a CEOs in the Middle East. Remittance App will get a chance to win electronic items we have some meal vouchers in store for them.’ He semi-annual prize of KD 500,000 in addition to the grand This week, flydubai was also recognized for ‘Best Cabin instantly every day. added that ‘Al Mulla Exchange provides the best user prize (the biggest prize in the world) of KD 1,500,000 for Innovation’ and ‘Best Passenger Comfort Innovation’ held Speaking about the marketing promotion, General experience to customer with the Online Remittance web which the draw will be held in January 2019. Al-Najma at the APEX Awards in Boston, USA. These awards high- Manager Al Mulla Exchange, R Shankar said ‘The new portal as well as the App. We have intricately gone into a Account can be opened by depositing KD 100, and customer light the new innovative Boeing 737 MAX 8 cabin interior promotion that we are launching today is indeed very great deal of detailing in our revamped user interface should maintain a minimum amount of KD 500 to be eligible which features a full flat-bed in Business Class and our unique. Customers get to win something each time they with the customer getting to see his or her preferred to enter all draws on Al-Najma Account prizes. As for the economy seat is designed to optimize space and comfort do a transaction. We are having the latest electronic giz- remittances first. Also another new feature which we have chances of winning, the more balance a customer maintains in for our passengers. mos as prizes to the customer. This includes the latest included now was very much sought after was the ‘Add Al Najma Account, the more chances the account holder will Commenting on the achievements, Ghaith Al-Ghaith, Samsung Note 9 mobile phones, Fitbit watches, 40 inch Beneficiary’ feature. With this, customer can add new get to win, where each KD 25 will give the customer one Chief Executive Officer at flydubai, said: “The flydubai team LED TVs, Anti-Theft bag, Samsung Gear Icon X, JBL beneficiaries without visiting any of our branches.’ So chance to win, the account also offers additional benefits like is pleased to receive these awards as they showcase our Speakers, Alba Watches, Elements Hard Drive 2TB, have you registered with Al Mulla Exchange for this the ATM card, a credit card against customer’s account and hard work towards continuously innovating and enhancing Wireless Charging Pad and much more. Even for those exciting marketing promotion? Download their App now, all CBK banking services that customer can enjoy. our passengers’ travel experience. Since beginning opera- who have not won the electronic items need not despair, transact and get to win exciting prizes. Now CBK existing customers can open Al-Najma tions in 2009, we have continued to open opportunities for Account through Al-Tijari Online and enter all draws with- travel and have firmly established flydubai as an intrinsic out visiting the Bank’s branch. However, CBK non-cus- part of the aviation industry in the UAE.” quate customer care, innovate new products and servic- tomers can submit an account opening application via the Seven Boeing 737 MAX 8 aircraft have joined the KFH: 10 customers es and fulfill the needs of all customers of various age Bank’s website where the Bank’ Sales Unit will call them to flydubai fleet with seven more aircraft due to be deliv- categories and interests. Services and products are tai- arrange a visit to the customers to complete the account ered by the end of the year. The new aircraft will win KD 250 each lored to suit customers’ needs and provide distinguished opening formalities. enhance flydubai’s operational performance while offer- serve as per global standards in regard to quality, accu- ing passengers an exceptional travel experience. The racy and speed. new aircraft offers the latest in terms of cabin innovation in ‘Hesabi’ for Hesabi” program has been designed to meet the needs and is an important milestone for the airline and is a of youth and aspire for their active life style. This pro- Canada’s race reflection of our ambition to continually evolve and youth draw gram presents for youth many exclusive offers and a wide exceed the expectations of our passengers. range of privileges including Hesabi ATM card with a With the recent launch of flights to destinations unique design, eligibility to issue Hesab prepaid card (as against time including Catania, Krakow and Thessaloniki and with KUWAIT: Kuwait Finance House (KFH) announced the per credit regulations of KFH), distinguished offers and flights to Helsinki due to start in October, flydubai’s winners of the fourth draw of “Hesabi” for Youth. The draw discounts etc. with US to reach comprehensive network has grown to over 90 destina- took place under the supervision of the Ministry of KFH continues to launch marketing campaigns to tions in 48 countries. Commerce and Industry. The draw is part of Win with reward youth customers in Hesabi campaign namely “On Hesabi campaign that offers 2 BMW 4 Series Coupes and My Account” campaign which has met with wide accept- NAFTA deal 120 cash prizes worth KD 250. ance among program owners, thus offering exclusive offers and many privileges to suite their expectations. The winners of the KD 250 prize are as follows: Ahmad MONETREAL: Will Canada and the United States Hesabi for Youth represents the ambitions and expecta- Alshati, Bashayer Alkindari, Zainab Thaqil, Asmaa Alazemi, thaw their unprecedented diplomatic chill and reach a Sudan to print tions of youth category and copes with KFH aspirations to Maram Alrashidi, Sara Alduwaikh, Seita Alotaibi, Noor deal to revamp the North American Free Trade Alsanea, Mohammad Zaid and Maryam Alzayed. attract the largest portion of youth who represents the Agreement by a US-imposed Sunday deadline? 100-pound KFH offers “Hesabi for Youth” with a variety of privi- major part of Kuwaiti society. Also, the account represents Ottawa is certainly working hard on it. leges as part of its continued endeavor to provide ade- KFH initiative to diversify banking services and products. Foreign Minister Chrystia Freeland, Canada’s chief banknotes to ease NAFTA negotiator, opted to push back her planned Saturday speech before the UN General Assembly until Monday so she could concentrate on trade mat- liquidity crunch ters. Those talks are now in a crucial phase. Negotiators are racing against the clock because of a US-set deadline. The United States and Mexico want KHARTOUM: Sudan’s central bank will start printing 100 to push their deal through their respective legislatures pound banknotes for the first time to ease a liquidity crisis before Mexican President-elect Andres Manuel exacerbated by rampant inflation, state news agency Lopez Obrador takes office on December 1. SUNA said yesterday. In the United States, Congress must have the text Sudan’s economy has been struggling since the south of of the deal by Sunday if a 60-day review period is to the sprawling northeast African country seceded in 2011, be respected. In a surprise twist, Mexican Economy taking with it three-quarters of oil output and depriving Minister Ildefonso Guajardo said Friday that Khartoum of a crucial source of foreign currency. In recent Washington and Ottawa had told him they could months local currency liquidity at commercial banks has reach a compromise on an updated trilateral agree- dried up, with long queues outside of banks and daily ment within “48 hours.” withdrawal limits falling to as low as 500 Sudanese “For the first time, we’re seeing a real effort by pounds ($17.06) in some places. both sides,” Guajardo added. US and Canadian nego- The previous largest banknote in Sudan was 50 tiators were expected to work all weekend via secure pounds. “Printing the 100-pound banknote is a step in the video link, The Globe and Mail newspaper reported right direction, because the high inflation rate has dropped Saturday, citing sources in Prime Minister Justin the value of the 50-pound banknote,” Abdullah al-Ramadi, Trudeau’s administration and on the US industry side. a Sudanese economist, said. The decision “will help solve Tough talks US President Donald Trump has been the liquidity shortage that harmed the Sudanese economy pushing for a complete overhaul of the 25-year-old and the central bank has to increase the money supply to continental trade deal, which he says has been a overcome the liquidity crisis,” Al-Ramadi added. “rip-off” for the United States. In August-more than Restrictions on how much cash is available to commer- a year into the negotiations-the United States and cial banks are among measures aimed at curbing rampant Mexico announced they had reached a two-way inflation and addressing an economic crisis that could deal, after breaking away for bilateral talks on their derail President Omar al-Bashir’s plan to extend his nearly outstanding issues. — AFP KFH representatives after the draw three decades in power. — Reuters Established 1961 15 Technology Monday, October 1, 2018 Musk to resign as Tesla chairman, remain as CEO in SEC settlement
SEC charge Musk with misleading investors with tweets
WASHINGTON: Tesla Inc and Elon Musk shareholders of Tesla,” SEC Chairman Jay company’s employees to extraordinary have agreed to pay $20 million each to Clayton said in a statement. Thursday’s achievements - much as another Silicon financial regulators and the billionaire will charges shaved about $7 billion off high-fly- Valley chief executive, Steve Jobs, did at step down as the company’s chairman but ing Tesla, knocking its market value to $45.2 Apple Inc. The entrepreneur is now required remain as chief executive, under a settle- billion on Friday, below General Motors Co’s to step down as chairman of Tesla within 45 ment that caps a tumultuous two months for $47.5 billion. In the settlement, the agency days, and he is not permitted to be re-elect- the carmaker. The securities fraud agree- pulled back from its demand that Musk, who ed to the post for three years. The SEC ment, disclosed by the US Securities and is synonymous with the Tesla brand, be charged Tesla with failing to have required Exchange Commission on Saturday, will barred from running Tesla, a sanction that disclosure controls and procedures for come as a relief to investors, who had wor- many investors said would be disastrous. Musk’s tweets. ried that a lengthy legal fight would only “I think this is the best possible outcome The SEC said the company had no way further hurt the loss-making electric car for everyone involved” said Ivan Feinseth of to determine if his tweets contained infor- company. Tigress Financial Partners, who rates Tesla mation that must be disclosed in corporate The SEC on Thursday charged Musk, “neutral” and who called the SEC’s penalty filings, or if they contained complete and 47, with misleading investors with tweets “a slap on the wrist” for Musk. “The fact accurate information. Musk walked away at on Aug 7 that said he was considering tak- that he can remain CEO is very important the last minute from an earlier settlement ing Tesla private at $420 a share and had with the SEC that would have required him secured funding. The tweets had no basis to give up key leadership roles at the com- in fact, and the ensuring market chaos pany for two years and pay a nominal fine, hurt investors, it claimed. Investors and Tesla bruised according to media reports on Friday. corporate governance experts said the Reuters on Friday reported that Musk agreement could strengthen Tesla, which by Musk’s could settle with the SEC but was ready CALIFORNIA: In this file photo Elon Musk speaks near a Falcon 9 rocket during his has been bruised by Musk’s recent for a court fight. announcement that Japanese billionaire Yusaku Maezawa will be the first private pas- behavior, which included smoking mari- behavior Investors said on Friday that it has been senger who will fly around the Moon aboard the SpaceX BFR launch vehicle, at the juana and wielding a sword on a web- a mistake for Musk to turn down that set- SpaceX headquarters and rocket factory in Hawthorne, California. — AFP cast, and attacking a British rescue diver tlement, especially at a time when the via Twitter. company has been pushing hard to meet The settlement should place more over- aggressive production targets for its buddies on the board decide to bring in a Twitter to promote Tesla and confront crit- sight on Musk while not taking the “dev- Model 3 sedan. The settlement tasks the really strong chair who will stand up to ics, said on Thursday that the SEC’s actions astating” measure of forcing him out, said for the company.” Neither Musk nor Tesla Tesla board, which critics have accused of Musk,” said Erik Gordon, a University of were unjustified. Tesla shares jumped after Steven Heim, a director at Boston Common admitted or denied the SEC’s findings as failing to rein in Musk, with the tricky chal- Michigan business professor who follows his Aug. 7 tweets, a blow to short-sellers Asset Management, which owns shares in part of the settlement, which still must be lenge of finding an independent chairman corporate governance. betting on the stock’s decline. Tesla battery maker Panasonic Corp. Tesla approved by a court. Tesla and Musk did able to work closely with the sometimes Musk has driven the company to the As the public face of Tesla, Musk had must appoint an independent chairman, two not immediately respond to requests for unpredictable chief executive. verge of profitability with a costly ramp-up gained legions of fans for his bold approach independent directors, and a board commit- comment. It was not immediately clear who would of production of its Model 3 over the past to business and technology. He used his tee to set controls over Musk’s communica- be appointed to the role. Antonio Gracias, year. Electric vehicle news site Electrek Twitter account to promote the achieve- tions under the proposed agreement. Hunt for a strong chair? the current lead independent director and reported that Tesla had produced 51,000 ments of Tesla, his rocket launch company “The prompt resolution of this matter on Musk had been directly involved in CEO of Valor Equity Partners, has been crit- Model 3s with a couple of days left in the SpaceX, and other projects such as his tun- the agreed terms is in the best interests of almost every detail of Tesla’s product design icized as being too close to Musk and his quarter, hitting its goal of 50,000 to nel venture, the Boring Co, to his nearly 23 our markets and our investors, including the and technology strategy, and drove the companies. “The question is whether Musk’s 55,000. The CEO, who has often turned to million followers. —Reuters
South African lion cubs conceived exempt. Facebook contended US fails to Messenger was covered by that artificially in exemption. The public court filings force Facebook showed the government was intercept- ing all ordinary phone calls and world first Messenger texts between the accused to wiretap gang members. The FBI affidavit cited three BRITS, South Africa: Watching the two lit- Messenger calls Messenger calls that investigators were tle lion cubs boisterously play with each other unable to hear. The participants in at a conservation centre outside of South SAN FRANCISCO: US investigators those calls are now in jail pending trial. Africa’s capital Pretoria, it’s hard to see any- failed in a recent courtroom effort to Neither prosecutors nor Facebook thing out of the ordinary. But these cubs are force Facebook to wiretap voice calls would answer questions about the unique. “These are the first ever lion cubs to over its Messenger app in a closely Fresno US Attorney’s office attempt to be born by means of artificial insemination- watched test case, according to two hold Facebook in contempt or about the first such pair anywhere in the world,” people briefed on the sealed ruling. the underlying wiretap request, includ- announced the University of Pretoria, whose Members of a joint federal and state ing why the matter was dismissed. scientists are researching the reproductive PRETORIA: The world’s first lion cubs born through artificial insemination, Victor and task force probing the international The judge heard oral arguments on system of female African lions. Isabel, play under a tree at the Ukutula private game conservation centre, northwest of criminal gang MS-13 had tried in the contempt motion on Aug. 14. The two cubs, a male and female, born on the South African capital Pretoria. —AFP August to hold Facebook in contempt Facebook and a Department of Justice August 25 are healthy and normal, said Andre of court for failing to carry out a wire- spokeswoman declined to comment. Ganswindt, the director of the University of tap order, Reuters reported last month. FBI agent Ryan Yetter, in the affidavit Pretoria’s mammal research institute. His International Union for Conservation of next to a fence, where they would freely give Arguments were heard in a sealed dated Aug. 30, wrote “currently, there is team’s breakthrough came after 18 months of Nature (IUCN), which lists the African lion as blood samples to determine hormonal levels proceeding in a US District Court in no practical method available by which intensive trials. “We collected sperm from a vulnerable. “If we are not doing something and assess the perfect time for insemination. Fresno, California weeks before 16 sus- law enforcement can monitor” calls on healthy lion,” Ganswindt told AFP. Then when about it, they will face extinction,” said The research was carried out at the pected gang members were indicted Messenger. The affidavit was filed in the lioness’ hormone levels were found to be Ganswindt. Ukutula Conservation Center, 80 kilometers there, but the judge ruled in Facebook’s support of a criminal complaint against viable, she was inseminated artificially. “And northwest of Pretoria in South Africa’s North favor, the sources said. The details of members of MS-13, which is active in luckily it was successful,” said Ganswindt, Another tool in conservation box West province. Imke Lueders, a scientist his reasoning were not available. The the United States and Central America. adding that “there were several attempts, but He said that rather than move the lions for involved in the study, said “having the first government’s request had alarmed MS-13 also known as Mara surprisingly it didn’t take too much effort”. breeding, the new technique would let breed- lion cubs ever born from artificial insemina- technology executives and privacy Salvatrucha is an international crimi- He said the breakthrough could be repeat- ers to simply transport the sperm to receptive tion in their natural range country, and not in advocates. Officials in the United States nal gang that originated in Los ed, with scientists hoping the technique can females, as is done with the captive elephant a zoo overseas, is an important milestone for and other Western countries are step- Angeles in the 1980s. The gang’s be used to save other endangered big cats. population in Northern America and Europe. South Africa”. “Assisted reproduction tech- ping up attempts to ban or limit strong activities later spread to many parts Lions are extinct in 26 African countries and The findings are part of research being done niques are another tool in our conservation encryption and expand their wiretap- of the United States, Canada, Mexico, numbers in the wild have plummeted 43 per- by Isabel Callealta, a Spanish veterinarian and box, of course not a sole solution, but another ping capabilities. and Central America. US President cent over the last two decades, with roughly PhD student at the University of Pretoria. technology that we can use to protect endan- An affidavit by an FBI agent filed Donald Trump frequently uses the only 20,000 left, according to the Callealta personally trained the lions to lie gered species,” she said. —AFP publicly in the Fresno criminal pro- gang to symbolize what he faults as ceedings said that at the time of the lax US immigration policy. Most of the arrests, law enforcement could not 16 gang suspects were arrested by the first VR gear released by Facebook- monitor any Messenger calls. Aug. 30, and the indictment was Facebook unveils owned Oculus, but needs to be plugged into Telecommunications companies are issued on Sep 13. Including charges computers powerful enough to handle the required to give police access to calls by California state, more than two graphics rich, immersive nature of digital under federal law, but many apps that dozen people were accused of murder upgraded wireless worlds. Go is a lightweight portable headset rely solely on internet infrastructure are and other crimes. —Reuters Oculus headset for virtual reality. Step into Star Wars Oculus promised 50 game titles available in VR push at launch, including “Vader Immortal,” which spaceflight and provide affordable, reli- will let Quest users play through the opening Jeff Bezos space able access to space for our current and SAN JOSE: Facebook on Wednesday episode of a new virtual reality experience future customers,” ULA chief executive unveiled an upgraded Oculus virtual reality set in a castle of infamous “Star Wars” villain project lands Tory Bruno said in a release. “We are headset with power to handle the intensive Darth Vader. The “Star Wars” virtual reality pleased to enter into this partnership graphics of digital worlds in a wire-free experience was described as a combination with Blue Origin and look forward to a experience. The new Oculus Quest headset game and immersive film. In a self-deprecat- big rocket successful first flight of our next-gener- showcased at the Facebook unit’s developer ing moment on stage, Zuckerberg recalled ation launch vehicle.” The design of the conference is being aimed at gamers seeking setting a goal of getting a billion people into partnership new rocket is nearing completion, and it immersion in virtual worlds, with other poten- virtual reality after buying Oculus some four will be able to carry payloads into orbit tial applications likely in the future. “This is years ago in a deal valued then at $2 billion. around the Earth, according to Bruno. the wireless virtual reality experience we He chuckled along with the audience as he SAN FRANCISCO: Jeff Bezos backed “United Launch Alliance is the pre- have been waiting for,” Facebook chief exec- shared a graph showing they were a scant one Blue Origin space exploration project on mier launch service provider for national utive Mark Zuckerberg said as he unveiled percent of the way to that goal. “This isn’t a SAN JOSE: James Garcia of the Oculus team Thursday landed a major deal to provide security missions, and we’re thrilled to the new hardware and reaffirmed Facebook’s question of whether we are going to get there, poses with a new Quest stand-alone virtual engines for a next-generation rocket be part of their team and that mission,” commitment to virtual reality. it is how,” Zuckerberg said, while acknowledg- reality headset unveiled at the Facebook being built by a major US launch services said Blue Origin chief executive Bob The standalone VR headset boasting the ing the path may be longer than first expected. unit’s developer conference in San Jose, contractor. United Launch Alliance said Smith. Bezos is behind private space same quality experiences as the Oculus Rift He said a speed bump on the road to adoption California. —AFP that Blue Origin will provide engines for exploration operation Blue Origin, into but without wires will hit the market early that Quest was intended to solve was making the booster stage of a next-generation which he usually invests money from next year at a price of $399. Oculus vice VR more convenient and portable. intended to inspire software makers to help cre- rocket-the Vulcan Centaur-which is on selling Amazon shares. Blue Origin has president Hugo Barra said Quest combined A second challenge, he said, was creating a ate that ecosystem. “We are going to make track to take to the sky in the year 2020. outlined plans to build a spaceship and the capabilities of Rift and the portability of vast, enticing ecosystem of games, films, meet- some big leaps in both technology and con- ULA was created as a joint venture by lunar lander capable of delivering cargo Go, the current headgear in the company’s ing spaces and other experiences in virtual real- tent,” Zuckerberg told the gathering. “This is all Lockheed Martin and Boeing. to the moon, perhaps to support lineup, with a strong focus on games. Rift was ity. The two-day Connect conference was still early, but this is the basic road map.” —AFP “Vulcan Centaur will revolutionize colonies there. —AFP 16 Monday, October 1, 2018
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