Action, not words or empty talk, needed to cure global economy, China tells G20 summit

 

G20 Summit in Hangzhou

 

Leaders pose for pictures during the G20 Leaders Summit at the Hangzhou International Expo Center in Hangzhou, East China's Zhejiang province, on Sunday. WU ZHIYI/CHINA DAILY

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G20 Summit opens in Hangzhou, Xi delivers keynote speech

 http://english.cctv.com/2016/09/04/VIDEc5kKPpOOSbfGBwyHqtbP160904.shtml

Video: President Xi delivers speech at G20 banquet

Video: President Xi delivers speech at G20 banquetChinese President Xi Jinping urges world leaders to avoid "empty talk" and confront sluggish economic growth and rising protectionism as their summit opens in the scenic city of Hangzhou.http://english.cctv.com/2016/09/04/VIDEAYffDNcMahOalCr6FgGB160904.shtml

Action, not words, needed to lift economy - President tells world leaders China will strive to boost growth, aid development

President Xi Jinping urged the leaders of the world's biggest economies to deliver "real action" and "no empty talk" as they attempt to steer the global economy out of its sluggish state.

In his opening speech at the start of the two-day G20 Summit on Sunday, he said the G20 had drawn up action plans in multiple fields, including sustainable development, green finance, energy efficiency and anti-corruption, "and we should implement each of them seriously".

The Hangzhou summit has come at a time when the world economy is plagued by problems, short and long term, such as poor growth momentum, changing demographics, rising trade protectionism and low investment, Xi said.

But he insisted that G20 members will "face the problems squarely" and collaborate in developing solutions.

World leaders vowed at the meeting to find workable solutions to restore strong growth and achieve more-inclusive development that reduces inequality. They also agreed that more focus should be placed on structural reforms, innovation and high-technology, as traditional growth engines have weakened.

German Chancellor Angela Merkel said leaders had agreed that they must work together to boost global economic growth, and she welcomed China's focus on structural reform.

She added that digital ministers from the world's biggest economies will meet for the first time next year and that the group planned to set up a task force for innovation, Reuters reported.

Xi said in his speech that while the world needs to better coordinate monetary and fiscal policies and carry out structural reforms, priority should be given to achieving balanced growth. He said the G20 will help less-developed countries, including those in Africa, with industrialization as well as green energy and finance to bridge the gaps in global development.

The G20 has been criticized in the past for failing to take concrete measures to coordinate world economies. While urging members to take substantial action, Xi said the group "should continue to build our mechanisms to ensure our cooperation continues and deepens".

"The G20 is becoming more systematic and is changing from a short-term arrangement to handle crises to a long-term dialogue and action mechanism," according to Chen Wenling, chief economist at the China Center for International Economic Exchanges. "To make it more effective, the G20 should establish a secretariat."

Wang Wen, acting director of Renmin University of China's Chongyang Institute for Financial Studies, added: "The G20 used to be driven by crises, and now it's driven by ideas. China has provided a global consensus at the Hangzhou summit that will drive global joint action."

World economic growth－still made in China

By Stephen S. Roach (China Daily)

Despite all the hand-wringing over China's slower economic growth, the Chinese economy remains the single largest contributor to world GDP growth. For a global economy limping along at stall speed－and most likely unable to withstand a significant shock without toppling into renewed recession－that contribution is all the more important.

A few numbers bear this out. If Chinese GDP growth reaches 6.7 percent in 2016－in line with the government's official target and only slightly above the International Monetary Fund's latest prediction of 6.6 percent－China would account for 1.2 percentage points of world GDP growth. With the IMF currently expecting only 3.1 percent global growth this year, China would contribute nearly 39 percent of the total.

That share dwarfs the contribution of other major economies. For example, while the United States is widely praised for a solid recovery, its GDP is expected to grow by just 2.2 percent in 2016－enough to contribute just 0.3 percentage points to overall world GDP growth, or only about one-fourth of the contribution made by China.

The European economy is expected to add a mere 0.2 percentage points to world growth, and Japan not even 0.1 percentage points. China's contribution to global growth is, in fact, 50 percent larger than the combined contribution of 0.8 percentage points likely to be made by all of the advanced economies.

Moreover, no developing economy comes close to China's contribution to global growth. India's GDP is expected to grow by 7.4 percent this year, or 0.8 percentage points faster than China. But the Chinese economy accounts for fully 18 percent of world output (measured on the basis of purchasing power parity)－more than double India's 7.6 percent share. That means India's contribution to global GDP growth is likely to be just 0.6 percentage points this year－only half the boost of 1.2 percentage points expected from China.

More broadly, China is expected to account for fully 73 percent of the total growth of the BRICS grouping of large developing economies. The gains in India of 7.4 percent and South Africa 0.1 percent are offset by ongoing recessions in Russia, minus 1.2 percent and Brazil, minus 3.3 percent. Excluding China, BRICS GDP growth is expected to be 3.2 percent in 2016.

So, no matter how you slice it, China remains the world's major growth engine. Yes, the Chinese economy has slowed significantly from the 10 percent average annual growth recorded during the 1980-2011 period. But even after transitioning to the slower growth of what the Chinese leadership has dubbed the new normal, global economic growth remains heavily dependent on China.

There are three key implications of a persistent China-centric global growth dynamic.

First, and most obvious, continued deceleration of Chinese growth would have a much greater impact on an otherwise weak global economy than would be the case if the world were growing at something closer to its longer-term trend of 3.6 percent. Excluding China, world GDP growth would be about 1.9 percent in 2016－below the 2.5 percent threshold commonly associated with global recessions.

The second implication, related to the first, is that the widely feared economic "hard landing" for China would have a devastating global impact. Every decline in Chinese GDP growth of one percentage point knocks close to 0.2 percentage points directly off world GDP; including the spillover effects of foreign trade, the total global growth impact would be around 0.3 percentage points.

Defining a Chinese hard landing as a halving of the current 6.7 percent growth rate, the combined direct and indirect effects of such an outcome would consequently knock about one percentage point off overall global growth. In such a scenario, there is no way the world could avoid another full-blown recession.

Finally (and more likely in my view), there are the global impacts of a successful rebalancing of the Chinese economy. The world stands to benefit greatly if the components of China's GDP continue to shift from manufacturing-led exports and investment to services and household consumption.

Under those circumstances, Chinese domestic demand has the potential to become an increasingly important source of export-led growth for China's major trading partners－provided, of course, that other countries are granted free and open access to rapidly expanding Chinese markets. A successful Chinese rebalancing scenario has the potential to jump-start global demand with a new and important source of aggregate demand－a powerful antidote to an otherwise sluggish world. That possibility should not be ignored, as political pressures bear down on the global trade debate.

All in all, despite all the focus on the US, Europe, or Japan, China continues to hold the trump card in today's weakened global economy. While a Chinese hard landing would be disastrous, a successful rebalancing would be an unqualified boon. That could well make the prognosis for China the decisive factor in the global economic outlook.

While the latest monthly indicators show China's economy stabilizing at around the 6.7 percent growth rate recorded in the first half of 2016, there can be no mistaking the headwinds looming in the second half of the year. In particular, the possibility of a further downshift in private-sector fixed-asset investment could exacerbate the ongoing pressures associated with deleveraging, persistently weak external demand, and a faltering property cycle.

But, unlike the major economies of the advanced world, where policy space is severely constrained, the Chinese authorities have ample scope for accommodative moves that could shore up economic activity. And, unlike the major economies of the developed world, which constantly struggle with a trade-off between short-term cyclical pressures and longer-term structural reforms, China is perfectly capable of addressing both sets of challenges simultaneously.

To the extent that the Chinese leadership is able to maintain such a multi-dimensional policy and reform focus, a weak and still vulnerable global economy can only benefit. The world needs a successful China more than ever.

The author is a faculty member at Yale University and a former chairman of Morgan Stanley Asia, and author of Unbalanced: The Codependency of America and China. Project Syndicate

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G20 summit recognizes China's success, a historic starting point for the world, expert said

All in a day’s work: Chinese President Xi Jinping attending the opening ceremony of the B20 Summit ahead of the G20 Summit in Hangzhou. ...

G20 summit recognizes China's success, a historic starting point for the world, expert said

 

All in a day’s work: Chinese President Xi Jinping attending the opening ceremony of the B20 Summit ahead of the G20 Summit in Hangzhou. — Reuters

MOSCOW: The fact that the G20 summit will be held in Hangzhou, China, reflects the global recognition of and respect for China’s giant economic success, a leading Russian economic expert has said.

“The international community admits that China has become a major economic power, which largely determines the economic development of the whole world,” Vyacheslav Kholodkov, head of the International Economic Organisa­tions Department at the Russian Institute for Strategic Studies, told Xinhua.

As the second-largest economy of the world, China has a strong impact over global economic processes, the economist said, adding that the performance of China’s stock markets and its import of energy resources exert a powerful influence on world markets.

Kholodkov also expressed the belief that the Western media today have exaggerated and distorted the existing problems with the Chinese economy.

“China’s economic success is like a thorn on the side of many Western politicians and journalists, because it shows that there are other more successful models besides the Western liberal economic model,” the expert noted.

In his opinion, the current problems plaguing China were those of structural adjustments and shifts in economic development pattern.

If previously China’s development had been driven mainly by exports, it is now shifting from an export-oriented development model to focusing on domestic demand, Kholodkov said.

Kholodkov saw “nothing dramatic” in such a development, as other countries that experienced similar problems have survived such transitional periods.

China’s GDP grew by 6.9% last year, a rate to be envied by many countries, according to Kholod­kov.

China presents an example for many developing countries, including Russia, which are closely watching China’s experiences and following some of its trends in their political practices, he concluded. — China Daily/Asia News Network

Summit can be historic starting point for the world

 

President Xi Jinping and US President Barack Obama meet at the West Lake State Guest House in Hangzhou, Zhejiang province, on Saturday. Wu Zhiyi / China Daily

The Austria-born American management philosopher Peter Drucker once attributed the absence of right-wing fanaticism in North America to the self-organizational ability of society, represented, first of all, by the thousands of well-managed business enterprises.

That point should be appreciated today, when, eight years after the 2008 global financial crisis, all major economic powers still cannot guarantee a sustainable recovery for the world.

The annual meeting of the G20 bears witness to the shared will and joint efforts of the leading developed and developing economies in the world. All countries have so far remained steadfast in their agreement to hold a defensive line for the globalist agenda. There has not been a full-scale trade war and competitive currency depreciations－at least not yet.

The global financial crisis has cast a very long shadow, with growing income inequality in many places and corporations holding onto their capital instead of investing, and judging from the rising protectionism, along with some ideologically-charged rhetoric, from various political forces, there are some who seem willing to set back or spoil the globalization process.

A genuine "mass flourishing" of businesses is needed to help the world both stay on the course of globalization and avoid the malaise that caused the last crisis.

That is why the G20 created, alongside its annual summit, a business leaders' meeting, called the Business 20. That is also why the G20 needs not just a business leaders' meeting, but also a distilled vision of common concerns and necessary actions, which is what President Xi Jinping delivered in his keynote speech at the B20 Summit on Saturday.

Drucker proposed that long-range planning does not deal with future decisions, but with the future of present decisions. In his speech Xi urged all parties to prescribe remedies to the world's economic problems and explore new sources of growth and expand the space for development.

The foreign guests can see for themselves through Hangzhou, the host city of the G20 and B20 summits, how China has become a leader of growth, as the city is home to many new businesses and new management models.

As Xi said it is an unprecedented achievement for a country with such a large population to realize modernization. The more businesses are created, the more they spread from developed to under-developed areas. In the process, obsolete industries are phased out and new ones emerge, jobs are created, and cities such as Hangzhou become vibrant.

The same process can also prove true elsewhere in the world. - (China Daily)/ANN

China plays a key role in setting G20 agenda

The G20 summit meets against the backdrop of two interrelated global issues.First,since the international financial crisis global growth has been slow. Second, asa result social and geopolitical crises have persisted. China’s proposals for the G20 summit – an innovative, invigorated, interconnected and inclusive economy –simultaneously and in an integrated way address both issues.

China’s four proposals are inseparably connected:

Innovation, in technology and in management, logistics, skills and ideas, is indispensable for sustained economic development.

But innovation purely in ideas is insufficient to lead to sustained economic development. Advances in ICT technology, for example, had to be embodied in investment in internet and computer technologyto produce productivity gains. Therefore, the global economy must be invigorated through increased investment, new trade liberalisation agreements, new financial institutions such as the Asian Infrastructure Investment Bank (AIIB) and modifications in global economic governance. This requires drawing on numerous resources in global economy and finance.

Development is most powerful if internationally integrated. Since Adam Smith founded modern economics it has been known that the most powerful force developing productivity is division of labour, which in a globalised economy necessarily includes international division of labour.Retreats into protectionism deeply damage the world economy. But advancing international division of labour requires not only legal trade and investment agreements but development of internationally integrated infrastructure making such trade possible and supporting international investment. Such integration highlights the importance of China’s ‘One Belt, One Road’initiative,while China supports economic integration in Africa, Latin America, Europe and elsewhere.

Development must be inclusive both between and within countries.Failure of sections of the world’s population to benefit from economic development is dangerous politically. Impoverishment of sections of the population and social disintegration has led to terrorist organisations gaining support, andin some cases open warfare, in parts of Africa and the Middle East. Within advanced economies failure of parts of the population to gain from economic growth strengthens protectionist and xenophobic forces which threaten global economic integration and therefore global prosperity.

Success in developing innovative, invigorated, interconnected and inclusive economic growth will therefore lessen geopolitical and social tensions.

China is in an unequalled position to give leadership on this G20 agenda not only theoretically but due to China’s practical achievements in dealing both with the international financial crisis and over the longer term.From 2007, the last year before the financial crisis, to 2015 China accounted for 46% of world growth measured at current exchange rates – compared to 22% for the second placed US.China was the world economy’s most powerful engine to face the international financial crisis, benefitting both advanced and developing economies.

World Bank data shows 83% of the world’s population still lives in developing countries. Economic development therefore remains the most pressing issue facing humanity. China, the world’s largest developing economy, increased its per capita GDP, the fundamental index of economic development, from 2007 to 2015 by 86% - the fastest of any G20 country.

China playsa key G20 agenda setting role because, in addition to these shorter term anti-crisis trends, China’s historical economic and social achievements are unprecedented.From 1978 onwards China experienced the most rapid economic growth in a major economy in human history. China lifted 728 million people from World Bank defined poverty, 83% of the reduction of those living in poverty in the world. This is greatest contribution of any country to human well-being.

But despite these achievements China’s stress on integrated inclusive growth means China has no conception it can successfully develop alone. Instead China advocates strengthening the G20’s role. G20 economies account for 85% of world GDP, including the largest advanced and developing economies. The G20 is therefore provides an unequalled forum to coordinate measures to deal with the world’s most pressing economic issues.

China’s proposals for an innovative, invigorated, interconnected and inclusive economy are therefore crucial not only for this year’s Hangzhou summit but a step towards the G20s strategic development.

By John Ross (People's Daily Online)

John Ross is Senior Fellow at Chongyang Institute for Financial Studies, Renmin University of China.

G20 can unlock global economic potential

The 2016 G20 Hangzhou summit will kick off on Sunday and a related meeting, the Business 20, will be held this weekend. As China is the chair of this year's G20, expectations are running high though some still try to interpret the event through an ideological lens. But the fact that the global governance capability will be mobilized to its maximal extent at this year's summit may be a common consensus.

China sees G20 as a top item on its agenda and has strived to create favorable conditions for the summit. Some say too much attention has been put on G20. However, the positive significance of a successful G20 overweighs the negative effect. From the perspective of urban development, the summit has promoted Hangzhou's growth and image.

China is a unique member of G20. It is the world's second-largest economy and the largest developing country. It has excelled in some areas but the overall economic and social development is not as advanced as in some other countries. China's high speed development together with its experience, from both successes and mistakes, make us easier to find common ground with both developed nations and emerging markets.

China is sincere about promoting global governance and creating a win-win situation in resolving world economic issues. China's rise, to some extent, is the result of globalization. Chinese believe strengthening international cooperation is a global trend and are devoted to the win-win principle. We believe the G20 playing a greater role will benefit China and the world.

Compared to the time of the first G20 summit in 2008, the global economic issues have become more complicated and morale has taken a further beating. Eight years after the financial crisis, the developed nations have yet to walk out of the shadows and the emerging markets are facing increasingly grave challenges. G20 needs a passionate summit and the enthusiasm of the Chinese society will help make it happen.

There is still great potential in the global economy and the key is to redistribute resources more reasonably so that less developed regions can drive growth that benefits all sides. The same issue has also been haunting China. The country has been restructuring and developing through the process of reform. The exploration belongs as much to China as to the world.

Macroeconomics may not be the most popular stories. Some Western media tend to politicize the summit or sprinkle their coverage with gossip. The summit only takes two days and the topics proposed by China revolve around the economy. As the global economy is once again at a crossroad, we hope the media can make the call heard for an "Innovative, Invigorated, Interconnected and Inclusive" world economy. Global Times

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Singaporeans on buying sprees for Penang prewar houses; Residents see red

 

Little Singapore expanding: At least 26 prewar houses at Lorong Bertam in George Town are the latest to be snapped up by a Singapore company

Singapore sweep continues

Republic’s real estate hunters snapping up houses outside Penang’s heritage enclave.

GEORGE TOWN: Singaporean real estate hunters with a taste for prewar properties in Penang are still on buying sprees, says an NGO.

They are snapping up houses that are located just outside the state’s heritage enclave as these properties are not accorded heritage protection by Unesco, according to George Town Heritage Action.

The biggest buyer appears to be World Class Land (WCL), which is building the tallest residential skyscraper in the planet’s southern hemisphere.

Called Australia 108 because of its 108 storeys, the Melbourne development is expected to be completed in 2019.

WCL has since December 2013 reportedly snapped up 236 prewar houses in Penang, totalling more than 250,000sq ft – the equivalent of 26 football fields.

Recently, it applied to build a 46-storey condominium tower in Gurdwara Road, just 200m from Komtar after buying 37 prewar properties in that area.

Its latest block buy appears to be 26 prewar houses on Penang Road and Bertam Lane, also across from Komtar.

The properties were owned by six descendants of Tunku Kudin (1835- 1909), the great grand uncle of the late first prime minister, Tunku Abdul Rahman Putra Al-Haj, for nearly 100 years.

The offer from WCL was about RM980 per sq ft, totalling RM21mil.

Tengku Abdullah Tengku Mahadi, 61, who collected the monthly rent from the tenants on behalf of his 92-year-old father, said the deal was sealed in Thailand through one of the six heirs who spoke for all of them.

“All the heirs are in their late 80s and 90s. It will cost too much to develop the land ourselves.

“We didn’t really feel like selling. We know the new owner will change the whole place but we are all old and don’t want to stand in the way of development,” he told The Star.

He said the heirs only earned about RM50 per month from each unit when the Rent Control Act was in force.

After it was repealed in 1997, they raised the rent to about RM600 and it had stayed the same since.

WCL lawyers have sent eviction notices to the 60-odd tenants who have until end November to move out.

A subsidiary of Aspial Corporation Ltd, WCL has completed many projects in the island republic and Australia.

Aspial chief executive officer Koh Wee Seng is listed by Forbes this year as the 43rd richest man in Singapore.

George Town Heritage Action has been vociferously against the state government’s apparent lack of control over the alleged WCL buying sprees.

“This company’s business model is to buy the properties, evict the tenants, renovate or rebuild, and then drastically increase rentals,” said its co-founder Mark Lay.

At a press conference yesterday, he showed a list of 236 properties purportedly bought by WCL through several subsidiaries.

Totalling more than 250,000 sq ft, these include rows of old houses along 19 roads, including Dato Keramat, Macalister, Transfer and much of the Seven Streets precinct (known locally as Chit Tiau Lor) near Komtar.

Lay warned that if the state government allowed “one company to accumulate more than 230 prewar houses, it will kill diversity and people’s moral rights to the city”.

“Our concern is also socio-cultural. Any company can damage the fabric of George Town when they have a monopoly,” he added.

In June, The Star reported that Singaporean companies typically raise rentals by 400% to 500% after sprucing up the old houses.

In response, Penang Town and Country Planning Committee chairman Jagdeep Singh Deo had said that the state cannot interfere with free enterprise.

By Arnold Loh The Star/ANN

Penang residents see red over Singaporeans snapping up properties

GEORGE TOWN: Public anger in the state is on the rise as Singaporeans continue to buy up pre-war houses here by the blocks.

NGOs and netizens are reacting negatively following The Star Online’s Facebook posting of the news yesterday.

Many are calling for stricter measures to limit foreign buying, but Penang Citizens Chant Group legal adviser Yan Lee warned that it would be useless as foreigners could sidestep such restrictions by simply forming Malaysian shell companies with local directors who are proxies or trustees.

“The corporate veil will shield them from these simple stop-gap measures. Instead, these measures end up keeping out individual foreigners who earnestly want to own property here because they just want to live in Penang.

“The Penang government is more concerned about collecting development charges. The more it allows development, the more money it collects,” he lamented.

Yan Lee was commenting on cooling measures here since 2012 that prevent foreigners from buying landed property of less than RM2mil on the island and RM1mil on the mainland.

For stratified property, the cap is not less than RM1mil both on the island and the mainland.

There is also a state approval fee of 3% over the purchase price.

State Town and Country Planning Committee chairman Jagdeep Singh Deo said in a statement yesterday that statistics had shown that these measures had reduced foreign buying of Penang property by about 50% since 2013.

George Town Heritage Action held a press conference on Thursday to reveal that Singapore developer World Class Land (WCL) had acquired 236 pre-war houses in and around the heritage zone totalling about 250,000sq ft, equal to 26 football fields.

According to the annual report of WCL’s parent company, Aspial Corporation Ltd, the properties are held by six Malaysian companies – WCL (George Town) Holdings, WCL (Magazine), WCL (Macallum), WCL (Noordin), WCL (Bertam R) and WCL (Bertam L).

In the Companies Commission of Malaysia’s online portal, there are also company records of WCL (Malaysia) and WCL (Penang).

By Arnold Loh The Star/ANN

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The Zika virus spreading to Malaysia and Singapore

 

 Parents-to-be taking additional precautions against disease

Zika virus was first identified in Uganda in 1947 in rhesus monkeys by researchers monitoring yellow fever. The virus got its name from the Zika Forest in Uganda where it was first discovered. It is classified as a flavivirus, which puts it in the same family as yellow fever, West Nile, Japanese encephalitis viruses and dengue. According to the Brazilian Ministry of Health, Brazil saw 20 times more microcephaly cases in 2015 than usual, following the outbreak of Zika in the country that year.

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First Zika patient getting better

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The first Zika patient in the country is recuperating well at the Sungai Buloh Hospital.

The hospital’s infectious disease head Datuk Dr Christopher Lee said the symptoms that the 58-year-old woman suffered from, including rashes, had also cleared up.

“We will be doing a blood test on her today and if it turns out to be negative, we can let her go home in a few days’ time,” he said yesterday.

He said her mild rashes cleared up in two or three days and the last blood test was negative but the hospital decided to keep her for a little longer just to ensure there would be no transmission to other people.

The blood test today was to reconfirm that she was free of Zika, he said.

The woman and her husband had visited their daughter in Singapore on Aug 19 and returned on Aug 21.

A week later, the woman developed rashes and fever, and sought medical attention at a private clinic in Klang.

She was referred to the Sungai Buloh Hospital, and on Aug 31, her urine sample tested positive for the Zika virus.

Her daughter, who works and lives in Paya Lebar, Singapore, has also been infected.

The woman’s husband and other family members who lived in the same house in Ambang Botanic have yet to show any symptoms of the infection.

Dr Lee said the most common symptoms of Zika were fever, body aches, rashes and red eyes which would normally clear up within a few days.

He said that if a woman was infected by Zika, the vaginal fluids might contain the virus for up to two months after she had recovered.

“So, if she has sex with a man within the two months, the man can be infected with Zika.

“The virus can also stay in a man’s semen for up to six months after he has recovered.”

Infected pregnant women face the risk of delivering a child with microcephaly, while others might suffer from Guillain-Barre syndrome, a neurological condition.

According to the American National Institute of Neurological Disorder’s fact sheet, Guillain-Barre syndrome is a disorder in which the body’s immune system attacks part of the peripheral nervous system.

These symptoms can increase in intensity until certain muscles cannot be used at all and, when severe, the person is almost totally paralysed.

Dr Lee recommended that pregnant women who have travelled to affected countries like Brazil and Singapore go for check-ups at nearby hospitals.

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Take precautions when in Singapore 

 

 

Personal measure: Bus passenger Naizatul Takiah Ali, 21, spraying mosquito repellent on herself at the Larkin bus terminal in Johor Baru.

It is unrealistic to stop Malaysians from travelling to Singapore, but people must take precautions against mosquito bites, says Health Minister Datuk Seri Dr S. Subramaniam.

There are about 200,000 Malaysians working in Singapore, with some travelling to and fro on a daily basis, so it would be difficult to block people from going to the republic, he said.

“We have to be realistic. The more practical way to prevent the spread of the Zika virus is to take precautions against mosquito bites.

“Apply an adequate amount of mosquito repellent and wear long-sleeved shirts and long pants to avoid being bitten.

“If you can avoid visiting Singapore, then avoid.

“But this is only voluntary and not an instruction from Malaysia. Malaysians visiting the republic should take preventive measures against mosquito bites,” he said at a press conference here yesterday.

He said Malaysians who have visited Singapore and have symptoms of the virus such as fever and rashes should seek immediate attention.

Dr Subramaniam also said vehicles coming into Malaysia from Singapore, especially buses, would be sprayed with insecticide as an additional measure.

“We know this does not prevent the spread of the virus 100%, but is an additional precautionary measure on top of other methods that we have carried out throughout the country,” he added.

The minister also said pregnant women or those planning to have a child should seek advice from their doctors, as there has been a reported link between the Zika virus with microcephaly, which causes deformity in babies.

Those who are infected should abstain from having sex, or use protection, as the virus can be spread through sexual activities.

“The virus can stay in an infected man’s body for six months and for two months inside a woman’s body,” he said.

Singapore battling outbreak of Zika virus

https://youtu.be/WR4Fh3GanhI

Foreigners account for half of Singapore cases

SINGAPORE: Half of the Zika cases in Singapore are foreigners who live or work here, and six of them are Malaysians.

According to a report in TODAYonline.com which quoted the Singapore Ministry of Health, the news portal said that out of 115 cases, 57 are foreigners.

The largest group is 23 people from China, followed by 15 from India and 10 from Bangladesh.

Six cases are Malaysians, and one case each from Indonesia, Myanmar and Taiwan.

“All had mild illnesses. Most have recovered while the rest are recovering well,” a ministry spokesperson was quoted as saying.

On Saturday, it was reported that a Malaysian woman is believed to be the first patient infected by locally-transmitted Zika virus in Singapore.

As the 47-year-old had not travelled to Zika-affected areas recently, she was likely to have been infected in the republic. She resides at Block 102, Aljunied Crescent and works in Singapore. — Bernama

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Islamic State terror attacks on eve of Malaysia's National Day foiled

 

End of the road: Bukit Aman anti-terror officers arresting the butcher in Temerloh (above) before going after the student in Kuala Lumpur. Photo: The Star/ Asia News Network

KUALA LUMPUR - For months, the three men laid low, going about their daily routine while waiting for the signal to attack to come from Syria.

When at last the instruction came from notorious Islamic State (IS) militant Mohamad Wanndy Moha­mad Jedi at the end of July, the men quickly started gathering arms and putting together a chilling plan.

They were going to attack on the eve of National Day when the rest of their countrymen were celebrating what it meant to be Malaysians and among their targets are a temple in Batu Caves, the Kajang police headquarters and various entertainment outlets.

The men were in the last phase of their plans - even going to the extent of monitoring their targets - when the Bukit Aman Special Branch Counter-Terrorism Division moved in on them.

Anti-terror officers detained the men - a 20-year-old contractor, a 27-year-old butcher and a college student, also 20 - in Selan­gor, Pahang and Kuala Lumpur between Aug 27 and 29.

Inspector-General of Police Tan Sri Khalid Abu Bakar said all the planning and logistics had been masterminded by Mohamad Wann­dy, who appeared to be pulling the strings among the network of IS militants here.

"They were taking orders from him," he said in a statement yesterday.

Sources revealed that the contractor was arrested on Aug 27 when officers raided his home in Sungai Merab Luar in Kajang.

"We seized a K75 grenade and a CZ 2075 RAMI pistol along with 24 .9mm bullets. We believe he obtained the weapons from a middleman," said Khalid.

The man was believed to have picked up the weapons from a drop-off location at a cemetery in Damansara at about 9pm in late July.

"It was no doubt arranged by Mo­hamad Wanndy. Authorities believe that militants from another cell supplied the weapons and placed them at the drop-off point.

"Militants from different cells often do not know each other to reduce the risk of being tracked by the authorities," a source said.

It is learnt that the butcher was detained in Kampung Paya Kecil in Temerloh, Pahang, while the college student was picked up from his home in AU3, Keramat, in the city.

"The other two did not have weapons with them but authorities believe they were waiting for supplies," added the source.

Authorities are also not ruling out the possibility that one of the men could have been tasked to pick up a ready-made Improvised Explosive Device.

"Some of their targets were police patrol units in Kajang. The authorities believe that Mohamad Wanndy really wanted his cell members to carry out a big attack on the eve of National Day.

 

Malaysia's National Day Parade kicks off Photo Source: The Star/ANN: The Yang di-Pertuan Agong Tuanku Abdul Halim Mu’adzam Shah and Raja Permaisuri Agong Tuanku Hajah Haminah, Prime Minister Datuk Seri Najib Tun Razak, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi and other VIPs are seen here on the main stage during the National Day celebration at Dataran Merdeka.

"He wanted to make a big impact as he was not satisfied with the scale of the Movida bomb attack," a source said.

It is learnt that the three men had been communicating with Moha­mad Wanndy since January but the order to attack was only given on July 30 once they had gotten hold of the explosives and ammunition.

It is also believed that they were planning to escape to Thailand before eventually making their way to Syria, where they are expected to meet Mohamad Wanndy.

With the grenade seized in this latest case, this brings to seven the number of those still unaccounted for after the Movida attack on June 28.

The first known IS attack on home soil injured several people after a grenade was thrown at the Movida Restaurant in Puchong.

Four people are expected to be charged in various courts in Johor for abetting in the bombing of Movida today.

With the latest arrest, the number of militants detained since 2013 has risen to 239 and the attacks foiled to date, 13.

When police detained nine IS mi­­li­­tants in early August, three of them - two were involved in the Mo­­vida bombing - had also been taking orders from Mohamad Wanndy.

They were ordered to launch another attack against an entertainment outlet in Johor.

Mohamad Wanndy has emerged to be the main influence on the IS militant network in the country, with people caught following his orders and raising funds.

By Farik Zolkepli The Star/Asia News Network

Bank Rakyat Chairman, Abdul Aziz nabbed over embezzlement probe

http://www.thestar.com.my/news/nation/2016/08/30/macc-picks-up-bank-chief-abdul-aziz-questioned-over-rm15mil-case-after-md-held/

MACC picks up bank chief 

PETALING JAYA: Bank Rakyat chairman Jen (ret) Tan Sri Abdul Aziz Haji Zainal has been detained for questioning over a RM15mil case, the second top level person from the bank to be hauled up by the MACC.

The bank’s managing director, Datuk Mustafha Abd Razak, was detained on Thursday and has since been remanded.

MACC investigation director Datuk Azam Baki confirmed that the commission had moved in yesterday.

“I confirm the arrest. It is to facilitate the ongoing investigation,” he said, declining to elaborate further.

A source told The Star that the chairman was detained at his office in Jalan Rakyat at about 1.15pm yesterday.

“Nearly RM1mil of the suspect’s cash in his bank account has been frozen pending the probe. We went to his office to detain him,” he said.

 

Jen (ret) Tan Sri Abdul Aziz Haji Zainal

The source added that the MACC did not rule out the possibility of freezing other assets belonging to the 65-year-old if the funds were found to be connected to any shady dealings.

“The commission will submit a request tomorrow morning (today) to remand the suspect,” the source said, adding that the graftbusters were aiming to obtain a lengthy remand.

The source said the duo were the only individuals from the bank who were being questioned by MACC over the case.

The chairman and the 48-year-old managing director were detained over a multi-million-ringgit book publishing contract and a project to upgrade the bank system.

The Star reported yesterday that a second banker was being sought by the MACC over the publishing contract and the upgrading project.

It is believed the RM15mil was given to a publishing company to come up with a coffee-table book about a prominent political figure. The deal was for the publisher to print about 20,000 copies but the number printed is said to have been much lower.

A source said that several bank accounts, totalling about RM10mil, have been frozen by the MACC in connection with the case.

 

Top executives: Mustafha (left) and Abdul Aziz. Datuk Mustafha Abd Razak

Another source told The Star that the MACC suspected several people of collaborating in the project.

“The MACC also wants the mastermind behind this,” the source said.

The MACC has been on crackdown against graft in high places in recent days.

On Aug 15, three government officers – one with the title “Datuk” and another “Datuk Seri” – were arrested by the MACC for graft, misuse of power and money laundering.

All three men, who were employed at a government department, a local authority and a government-linked company, were detained in Kuala Lumpur, Malacca and Kelantan respectively.

All accounts belonging to them – with deposits totalling more than RM13mil – were frozen.

It is not known if the cases are related.

By Nadirah H. Rodzi The Star

Bank Rakyat chairman remanded over RM15mil graft case to be held for seven days

http://www.thestar.com.my/news/nation/2016/08/31/bank-rakyat-chairman-to-be-held-for-seven-days/

http://www.thestartv.com/episode/bank-rakyat-chairman-remanded-over-rm15mil-graft-case/

PUTRAJAYA: Bank Rakyat chairman Jen (ret) Tan Sri Abdul Aziz Haji Zainal has been remanded for seven days to help in the investigation into an alleged corruption case involving RM15mil.

Magistrate Nik Isfahanie Tasnim Wan Ab Rahman granted the request by the Malaysian Anti-Corruption Commission (MACC) for the remand to run until Sept 5.

The 65-year-old is one of three people from the financial institution to be questioned over a multimillion-ringgit book publishing contract and a project to upgrade the bank’s system.

Nearly RM1mil of Abdul Aziz’s cash in his bank account has been frozen pending the probe.

It is learnt that two others from a publishing company have also been further remanded until Friday.

However, the bank’s managing director Datuk Mustafha Abd Razak and a former procurement officer, and another two owners of the publishing company have been released by MACC as investigations against them have been completed.

In the case, RM15mil was believed to have been awarded to the publishing company to come up with a coffee-table book about a prominent political figure.

The deal was for the publisher to print about 20,000 copies but the number produced was said to have been much lower.

In another case involving the alleged abuse of power over a multi­million-ringgit oil pipeline project, six people – five contractors and an officer from an oil-and-gas company – have had their remand extended until Friday.

Two others – a contractor and another officer from the same oil-and-gas company – were released.

Magistrate Nik Isfahanie also allowed for a 27-year-old man, who is the son of a contractor implicated in the case, to be remanded for five days until Saturday.

He was detained at the MACC headquarters when he showed up to give a statement at 5pm yesterday.

MACC has frozen 17 bank accounts, with deposits totalling RM5.5mil, in connection with the case.

It also seized a double-storey house, some jewellery, several luxury cars including four Rolls-Royce, a Ferrari, a Toyota, a Mercedes and a Volkswagen, as well as two motor­cycles.

The managing director of the oil-and-gas company is alleged to have taken a bribe from a sub-contractor for appointing him and approving a falsified invoice for the RM76mil project.

By  Martin Carvalho, Hemananthani Sivanandam, Royce Tan, and Joash Ee De Silva The Star/Asia News Network

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Probe into housing bribery case

MACC investigating Penang rep’s father for allegedly soliciting money

GEORGE TOWN: The father of Sungai Pinang DAP assemblyman Lim Siew Khim is being investigated by the Malaysian Anti-Corruption Commission for allegedly soliciting money from applicants for low-cost and affordable housing.

It is learnt that MACC has begun calling up several people after a video clip purportedly showing Lim’s father, Keat Seong, was posted on social media on Sunday explaining to some people how to “cut queue” in the state’s housing schemes by paying RM260 for the application form and a few thousand ringgit to one “Uncle Lim”.

Penang MACC director Datuk Abd Aziz Aban could not be reached for comment but it is learnt that the commission had begun gathering information yesterday from the so-called victims, those featured in the video and several Gerakan leaders who held a Monday press conference on this.

Penang MCA deputy chairman Tan Teik Cheng said the case may just be the tip of the iceberg.

He said the Penang government should take action over the alleged soliciting of bribes by Lim’s father, a 68-year-old retiree.

“The state government proudly proclaims its ‘ Competent, Accountable and Transparent’ (CAT) policy, hence it should address the case instead of playing up the drama to divert public attention.

“After all, the demand by Penangites for low-cost housing is still high in view of the exorbitant property prices,” he said in a statement yesterday.

State DAP chairman Chow Kon Yeow has also posted on Facebook the photograph of headlines in three Chinese dailies and The Star, which all referred to Lim’s father.

The caption read: “We are politicians and public figures. What we do matters. Unfortunately, what our parents, spouses, in-laws, and even distant cousins do, also matters.”

Penang Gerakan Anti-Corruption and Land spokesman H’ng Khoon Leng said the party would be seeking an audience with the Penang Yang diPertua to ask for the setting up of a Commission of Inquiry into the matter.

State Housing Committee chairman Jagdeep Singh Deo said there was no need to form a commission as it came under the purview of the police.

By  Arnold Loh and Tan Sin Chow The Star

Lim clarifies video comment

DAP rep forced to explain alleged bribery video statement

https://youtu.be/rxtjM3qK8Eo


http://www.thestartv.com/episode/lim-clarifies-video-comment/

GEORGE TOWN: Sungai Pinang DAP assemblyman Lim Siew Khim has been forced to clarify her earlier comments on her father’s alleged corruption case involving affordable housing units after the release of a second video clip on the issue.

“I did receive a call from a youth leader from another party sometime last year but when I confronted my father, he denied any involvement,” she said after opening a Youth Empowerment programme in Sungai Pinang yesterday.

Last Sunday, a video clip purportedly showing Lim’s father, Lim Keat Seong, soliciting bribes to help obtain low-cost housing units in the state as early as June 2015 went viral after being posted on social media.

Siew Khim was then quoted as saying: “All this (in the video) was without my knowledge and I only knew about it on Sunday night.”

Now, a second video clip, which lasted about three minutes, was released yesterday.

This time it shows a screen-grab of a Whatsapp conversation between a mediator and a victim.

“I contacted her and gave her (Siew Khim) one day to reply and find ways for her father to return the money,” the mediator was heard as saying to the victim.

In another conversation, a man, who is said to be Siew Khim’s stepbrother Ong Hock Hin, was heard saying that his sister (Siew Khim) had asked for a meeting to be arranged with the aggrieved parties.

Siew Khim refused to comment on the contents of the second video, urging the person who released it to lodge a police report.

“Why release bits and pieces? They should report it to the police with their evidence,” she said.

Siew Khim also denied asking her stepbrother Ong to arrange for a meeting with any of the victims.

Asked why she only confirmed she had confronted her father when the second video surfaced, she said she could not remember it.

While her father has been remanded for seven days, Siew Khim was grilled for two hours by the Malaysian Anti Corruption Commission (MACC) on Friday.

When contacted, Penang MACC director Datuk Abdul Aziz Aban said he was not aware of the second video but would direct his officers to investigate it.

Siew Khim’s counsel Ram Karpal said it was an offence to withhold information on the case as it was now investigated by the MACC.

“I urge anyone with information on the matter to pass it to MACC,” he said in Air Itam yesterday.

Penang DAP chairman Chow Kon Yeow said the uploading of the two videos showed it was a politically motivated move against Siew Khim, the state government and DAP.

Source: The Star Malaysia4 Sep 2016By R. SEKARAN rsekaran@thestar.com.my

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Taiwan Tsai's policy indecision fails to transform into a real leader

Policy indecision marks Taiwan President Tsai's first 100 days in office

Video: channelnewsasia.com http://www.newsjs.com/url.php?p=http://www.channelnewsasia.com/news/asiapacific/policy-indecision-marks/3075912.html

President Tsai Ing-wen, who was voted into power following a wave of discontent towards the previous government in Taiwan, has faced a tough start in office.

Saturday is the 100th day since Taiwan leader Tsai Ing-wen was sworn into office. In the past few days, local media have been publishing polls on her falling approval ratings. The worst poll had only 39 percent of people supporting her.

The scores are worse than the 100-day polls about previous leaders Ma Ying-jeou and Chen Shui-bian.

Tsai told the media that she did not want people to rate her performance based only on her first 100 days of governance. This response backfired after the opposition Kuomintang shared online pictures of Tsai's anti-Ma campaign eight years ago that was launched after Ma had been in office for just 100 days.

Tsai's Democratic Progressive Party (DPP) used to adamantly oppose nuclear power in Taiwan. Now they are changing their tune. The DPP used to oppose the import of US pork, now it has switched sides.

What is real about her is that she does not accept the 1992 Consensus that emphasizes that there is one China. She has been trying to get closer to the US and Japan. She advocates more cooperation with ASEAN members in order to be less dependent on the mainland.

She is not likely to succeed. Tsai is facing challenges similar to what Ma encountered in terms of "domestic" policies, that is, she has to develop the economy and improve people's lives.

Ma made a large stride in pushing forward cross-Straits economic cooperation. But he failed to transfer the benefits of closer cross-Straits ties to ordinary people on the island.

What Ma encountered was a problem also faced by many other developed places. Tsai and her party fellows are not magicians.

At least the KMT administration improved cross-Straits ties, introducing a surge of tourists from the mainland. Now the DPP has been in a hurry to cut off cross-Straits ties before it finds new economic pillars. DPP politicians are not like real leaders. They are still obsessed with their unrealistic ideology.

The US and Japan cannot give Taiwan much. "Taiwan independence" is only a political slogan for the DPP, but does not offer any real power to it. If Tsai cannot make any progress in improving people's living standards, but instead focuses on Taiwan independence, it will be like drinking poison to quench a thirst.

The Chinese mainland's rise has changed the geopolitics of the Asia-Pacific and the global economic structure. If Taiwan tries to stay away from the mainland, it will marginalize itself.

Cross-Straits ties are no longer a matter solely about the 1992 Consensus. They are linked to Taiwan's long-term prosperity. If Tsai chooses to head the other way, she's going to hit a wall sooner or later.

Source: Global Times

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