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How Syria rebels’ stars aligned for Assad’s ouster

People gather at Saadallah al-Jabiri Square as they celebrate in Aleppo, Syria, Dec. 8 after Syria’s army command notified officers that President Bashar al-Assad’s 24-year authoritarian rule has ended. This comes after a rapid rebel offensive that took the world by surprise. — REUTERS

ISTANBUL/DAMASCUS — After 13 years of civil war, Syria’s opposition militias sensed an opportunity to loosen President Bashar al-Assad’s grip on power when, about six months ago, they communicated to Turkey plans for a major offensive and felt they had received its tacit approval, two sources with knowledge of the planning said.

Launched barely two weeks ago, the operation’s speedy success in achieving its initial goal — seizing Syria’s second city, Aleppo — took almost everybody by surprise. From there, in a little more than a week, the rebel alliance reached Damascus and on Sunday put an end to five decades of Assad family rule.

The lightning advance relied on an almost perfect alignment of stars for the forces opposed to Assad: his army was demoralized and exhausted; his main allies, Iran and Lebanon’s Hezbollah, were severely weakened by conflict with Israel; and his other key military supporter, Russia, was distracted and losing interest.

There was no way the rebels could go ahead without first notifying Turkey, which has been a main backer of the Syrian opposition from the war’s earliest days, said the sources, a diplomat in the region and a member of the Syrian opposition.

Turkey has troops on the ground in northwest Syria, and provides support to some of the rebels who were intending to take part, including the Syrian National Army (SNA) — though it considers the main faction in the alliance, Hayat Tahrir al-Sham (HTS), to be a terror group.

The rebels’ bold plan was the brainchild of HTS and its leader Ahmed al-Sharaa, better known as Abu Mohammed al-Golani, the diplomat said.

Because of his former ties to al Qaeda, Golani is designated as a terrorist by Washington, Europe and Turkey.

However, over the past decade, HTS, previously known as the Nusra Front, has tried to moderate its image, while running a quasi-state centered on Idlib, where, experts say, it levied taxes on commercial activities and the population.

Turkish President Tayyip Erdogan’s government, which struck a deal with Russia in 2020 to de-escalate fighting in northwestern Syria, has long opposed such a major rebel offensive, fearing it would lead to a new wave of refugees crossing its border.

However, the rebels sensed a stiffening of Ankara’s stance towards Assad earlier this year, the sources said, after he rebuffed repeated overtures from Erdogan aimed at advancing a political solution to the military stalemate, which has left Syria divided between the regime and a patchwork of rebel groups with an array of foreign backers.

The Syrian opposition source said the rebels had shown Turkey details of the planning, after Ankara’s attempts to engage Assad had failed.

The message was: “That other path hasn’t worked for years — so try ours. You don’t have to do anything, just don’t intervene.”

Reuters was unable to determine the exact nature of the communications. Hadi Al-Bahra, head of the internationally-recognized Syrian opposition abroad, told Reuters last week that HTS and SNA had had “limited” planning together ahead of the operation and agreed to “achieve cooperation and not clash with each other”. He added that Turkey’s military saw what the armed groups were doing and discussing.

Turkish Foreign Minister Hakan Fidan, speaking in Doha on Sunday, said Erdogan’s effort in recent months to reach out to Assad failed and Turkey “knew something was coming”.

However, Turkey’s deputy minister for foreign affairs, Nuh Yilmaz, told a conference on Middle Eastern affairs in Bahrain on Sunday that Ankara was not behind the offensive, and did not provide its consent, saying it was concerned about instability.

Turkey’s foreign and defence ministries did not respond directly to Reuters questions about an HTS-Ankara understanding about the Aleppo operation. In reply to questions about Turkey’s awareness of battlefield preparations, a Turkish official told Reuters that the HTS “does not receive orders or direction from us (and) does not coordinate its operations with us either.”

The official said that “in that sense” it would not be correct to say that the operation in Aleppo was carried out with Turkey’s approval or green light. Turkish intelligence agency MIT did not immediately respond to a request for comment.

Reuters was unable to reach a representative for HTS.

VULNERABLE
The rebels struck when Assad was at his most vulnerable.

Distracted by wars elsewhere, his military allies Russia, Iran, and Lebanon’s Hezbollah failed to mobilise the kind of decisive firepower that had propped him up for years.

Syria’s weak armed forces were unable to resist. A regime source told Reuters that tanks and planes were left with no fuel because of corruption and looting — an illustration of just how hollowed out the Syrian state had become.

Over the past two years morale had severely eroded in the army, said the source, who requested anonymity because of fear of retribution.

Aron Lund, a fellow at Century International, a Middle-East focused think-tank, said the HTS-led coalition was stronger and more coherent than any previous rebel force during the war, “and a lot of that is Abu Mohammed al-Golani’s doing”. But, he said, the regime’s weakness was the deciding factor.

“After they lost Aleppo like that, regime forces never recovered and the more the rebels advanced, the weaker Assad’s army got,” he said.

The pace of the rebel advances, with Hama being captured on Dec. 5 and Homs falling on or around Sunday at the same time government forces lost Damascus, exceeded expectations.

“There was a window of opportunity but no one expected the regime to crumble this fast. Everyone expected some fight,” said Bassam Al-Kuwatli, president of the Syrian Liberal Party, a small opposition group, who is based outside Syria.

A U.S. official said on condition of anonymity that while Washington had been aware of Turkey’s overall support for the rebels, it was not informed of any tacit Turkish approval for the Aleppo offensive. The White House National Security Council did not immediately respond to a request for comment on Turkey’s role.

U.S. President-elect Donald Trump on Sunday said that Russia’s abandonment of Assad led to his downfall, adding that Moscow never should have protected him in the first place and then lost interest because of a war in Ukraine that never should have started.

Israeli President Benjamin Netanyahu on Sunday noted his country’s role in weakening Hezbollah, which sources told Reuters withdrew its remaining troops from Syria on Saturday.

GAZA FALLOUT
Sources familiar with Hezbollah deployments said the Iran-backed group, which propped up Assad early in the war, had already withdrawn many of its elite fighters from Syria over the last year to support the group as it waged hostilities with Israel — a conflict that spilled over from the Gaza war.

Israel dealt Hezbollah heavy blows, particularly after launching an offensive in September, killing the group’s leader Hassan Nasrallah and many of its commanders and fighters.

The rebel offensive in Syria began the same day as a ceasefire came into effect in the Lebanon conflict on Nov. 27. The sources familiar with Hezbollah said it did not want to engage in big battles in Syria as the group focused on starting a long road to recovery from the heavy blows.

For the rebel alliance, the withdrawal of Hezbollah presented a valuable opportunity. “We just wanted a fair fight between us and the regime,” the Syrian opposition source said.

Assad’s fall marks a major blow to Iranian influence in the Middle East, coming so swiftly after the killing of Nasrallah and the damage done by Israel to Hezbollah.

Turkey, on the other hand, now appears to be Syria’s most powerful external player, with troops on the ground and access to the rebel leaders.

In addition to securing the return of Syrian refugees, Turkey’s objectives include curbing the power of Syrian Kurdish groups that control wide areas of northeast Syria and are backed by the United States. Ankara deems them to be terrorists.

As part of the initial offensive, the Turkey-backed SNA seized swathes of territory, including the city of Tel Refaat, from U.S.-backed Kurdish forces. On Sunday, a Turkish security source said the rebels entered the northern city of Manbij after pushing the Kurds back again.

“Turkey is the biggest outside winner here. Erdogan turned out to be on the right — or at least winning — side of history here because his proxies in Syria won the day,” said Birol Baskan, Turkey-based political scientist and former non-resident scholar at Middle East Institute. — Reuters

Amid the reality of climate change, ‘No way but net zero’

Federico R. Lopez, the Chairman and CEO of the First Philippine Holdings Corporation, during his keynote message.

Amid the undeniable reality of climate change, “there is no other way to go but net zero,” emphasized one of the leading movers of climate action in the Philippine private sector at the country’s first-ever annual conference on net zero, which was attended by an estimated 400 participants from businesses, policy-making bodies, financial institutions and other stakeholders.

Federico Lopez, chairman and chief executive of Energy Development Corp. (EDC) parent First Philippine Holdings Corp., opened the event with a keynote message that underscored a multi-sectoral approach of policy, funding and innovation in tackling the country’s decarbonization goals.

“While addressing the climate crisis feels such a daunting task, we remain optimistic and encouraged as we see a myriad of sectors of society coming together and taking collective action,” he remarked.

One such vital effort is the Net Zero Carbon Alliance (NZCA), the pioneering consortium of Philippine businesses and enterprises convened by EDC, the all-renewable energy arm of the Lopez Group’s First Gen Corp. The launch of the Net Zero Conference coincided with NZCA’s third anniversary.

“Our mission [at the Lopez Group] to forge collaborative pathways to a decarbonized and regenerative future continues to guide our path, and we reaffirm our commitment to work together with all stakeholders, including the Net Zero Carbon Alliance to rally more businesses and organizations across all sectors to achieve our net zero ambition,” added Mr. Lopez.

The conference conducted plenary sessions that focused on policy, finance and technological innovations as critical climate action strategies in order to achieve the country’s Nationally Determined Contribution (NDC) to the global mission of attaining net zero by 2050.

Representative Jose Manuel F. Alba of the 1st District of Bukidnon as one of discussants on the opening plenary session: Strengthening resilience: Scaling the Philippines’ net zero ambitions.

Representative Jose Manuel F. Alba of the 1st District of Bukidnon was one of the special guests at the event, being a member of the House Committee on Climate Change and co-author of House Bill 7705 or the Low-Carbon Economy Bill. The legislation aims to engage the private sector toward decarbonization through viable and cost-competitive, low-carbon investments.

In terms of financing, “the transition to net zero represents one of the largest economic shifts of our time,” said Orkhan Mustafayev, Senior Advisor to the High-Level Champion on Business Engagement for COP29. He cited the International Energy Agency (IEA) in estimating that the global net zero journey will require clean energy investments to grow to US$4 trillion annually by 2030.

In the Philippines, implementing the NDC will require an estimated total investment of around USD 72 billion, according to Secretary Robert E.A. Borje, vice-chairperson and executive director of the Climate Change Commission. Thus, he urged the private sector to see this as an opportunity to invest in opportunities in a green economy.

Secretary Robert E.A. Borje, Vice Chairperson and Executive Director of the Climate Change Commission with the delegates of the first Philippine Net Zero Conference after his closing remarks.

“Our country is well-positioned to benefit from the transition to a low-carbon economy, and the private sector has a crucial role to play in driving this transformation,” said Mr. Borje. “The private sector possesses the capital, technology and innovation necessary to drive low-carbon and climate-resilient development pathways.”

The event also included activities that marked NZCA’s third anniversary, such as signing the new partners’ pledge of commitment toward net zero, launching its Net Zero Stages of Progress, and the release of its current partners’ decarbonization accomplishments.

Companies joined NZCA as new Partner-Doers committed to going net zero.

As of the conference, NZCA has counted 34 partner-members from various industries and enterprises such as manufacturing, real estate, hospitality, information technology, mobility, finance, and the academe, as well as five partner-enabler organizations.

Its new partners include Calibr8 Systems, Coca-Cola Beverages Philippines, Inc., Container Living PH, Control Union, De La Salle-College of Saint Benilde, Inc.,First Philec, Fluor Daniel Inc., GHD Pty. Ltd., Hocheng Philippines Corporation, InterCharge Corporation, OCS Philippines, SLB, and Weave Solutions Inc.

 


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New ‘ReClassified’ designs by McDonald’s aim to transform public school spaces

McDonald’s Philippines remains steadfast in its commitment to improving public school classrooms across the country through its ReClassified initiative. The program repurposes decommissioned furniture from its renovated restaurants, to address the ongoing challenges faced by Filipino learners in their classrooms. By transforming materials from over 70 McDonald’s restaurant renovations each year — including still-usable chairs, tables, and steel — McDonald’s ReClassified provides durable, functional, and aesthetically pleasing furniture to public schools in need.

Rather than letting these materials go to waste, McDonald’s reimagines and repurposes them into classroom furniture that meets the specific needs of public school students. To date, McDonald’s ReClassified has distributed over 500 chairs to public schools in Isabela, Marikina, Cebu, and Sta. Rosa, benefiting 1,500 students. The program will continue to expand with an additional 250 which will be delivered to schools in Zamboanga and Agusan del Sur by the end of the year.

In an exciting new collaboration, McDonald’s has partnered with the College of Saint Benilde’s (CSB) Interior and Industrial Design programs. The partnership invited students to create innovative furniture designs to be used in public schools across the Philippines. This collaboration not only provided students with the opportunity to apply their skills to real-world projects but also allowed them to make a meaningful contribution to improving education in the country. The furniture designs were showcased at the Main Activity Center of Ayala Malls Manila Bay on Nov. 25, 2024. Notable designs included a chair by Willie Garcia from Junknot, a design expert in transforming waste into functional furniture, as well as three finalists from the ReClassified Student Competition.

According to Adi Hernandez, AVP for Corporate Relations and Impact at McDonald’s Philippines, the company is excited about the potential impact of the new designs. “We are proud of the furniture created by these talented and passionate Industrial Design and Interior Design students from CSB. Their creativity and passion have resulted in pieces that we’re confident will help improve the learning environment of students in our public schools. We look forward to rolling out these designs across more schools in the country and will continue to work on making a positive difference in public education together with organizations that share our goals and commitment,” Ms. Hernandez shared.

McDonald’s ReClassified is a program with a clear mission: to enhance the learning experience for students in public schools by providing them with the furniture they need and creating better classroom environments. By repurposing decommissioned restaurant furniture and partnering with creative design professionals, McDonald’s is giving new life to old materials, turning them into valuable educational tools.

The company’s efforts are not only making a difference in the lives of students but are also encouraging other companies to adopt similar sustainable, community-driven initiatives. McDonald’s hopes that this innovative approach to furniture design and waste reduction will inspire other organizations to contribute to improving public education in the Philippines.

Through ReClassified, McDonald’s is proud to play a part in creating more inviting and functional classrooms for the country’s students, proving that even the smallest efforts can make a big impact in shaping a better future for the next generation.

 


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Amplifying differentiation: Vitarich growth story continues

Agriculture remains the cornerstone of food security, employment, and economic growth in the Philippines. It is among the country’s three main economic sectors, accounting for 8.6% of the country’s gross domestic product and employing 23.2% of the total labor force in 2023.

One of the key players in the sector is Vitarich Corp. Founded in 1962, the company is a leading poultry integrator and manufacturer of animal feeds and food products in the Philippines. It continues to reach more Filipino consumers with its recently expanded selection of fresh and freshly frozen food offerings.

In 2023, the company raked in a record-high revenue of nearly P12.5 billion. However, profits dropped to P13.3 million from P89.6 million in 2022 due to lower gross profit and higher expenses.

This year, Vitarich delivered its strongest nine-month results yet, demonstrating efficient strategy execution that has improved the profitability and financial position of the company. While its revenues did experience a slight dip of 4.3%, net income soared 547% to P259.1 million in the January to September period compared to P40.0 million a year ago.

Vitarich President and Chief Executive Officer Rocco Sarmiento attributes the significant increase to better cost management and value-adding activities.

“We had to look for ways to manage our bottom line. The major factor is more efficient procurement of raw materials. Also, our food business is serving more restaurants, so that has added value because we already make the products for them. That means there’s technology and knowledge transfer, so we’re not just selling commoditized products. We are a partner in the production, which not only gives us stable margins but also ensures sustainable supply chains,” he said.

In the past decade, Vitarich’s transition from a company that ventured into aqua feeds, fighting cock feeds, and even cream dory production to focusing on poultry and livestock feeds and poultry production has proven highly successful.

“We’ve focused our business and limited it to animal feeds and poultry production. This is where we found the most success. Over the past five to seven years, this strategic focus has fueled our performance and we were able to maximize our efficiencies in our technology and streamline it to these segments. That’s what’s been driving our growth since 2016,” Mr. Sarmiento said.

Building on this momentum, Vitarich has entered the retail space to achieve meaningful scale and profitability.

“We are transforming the company into a food-focused business centered on chicken because that’s the part that’s a little unstable due to the market prices. We’re doing this by differentiating our products through processing and product innovation, and entering the retail space,” Mr. Sarmiento explained.

Today, the company’s Cook’s brand is available in almost 400 outlets, groceries, and convenience stores. Next year, the company plans to introduce three additional product lines within the “Flavor Origins”, which will be sold through modern trade channels.

Vitarich offers an innovative selection of fresh and ready-to-cook chicken products, including Fresh Whole Chicken, Freshly Frozen, and Flavor Origins, which comes in three distinct flavors: Mediterranean Roast, South African Roast, and French Roast.

The company has also expanded into online sales, making its Flavor Origins line available on platforms such as Lazada, Grab, and other e-commerce stores. Additionally, it launched Cook’s website to engage with customers and gain better insights into their behavior.

Along with its remarkable nine-month performance in 2024, Vitarich was awarded for the first time for good governance by the Institute of Corporate Directors (ICD). The Golden Arrow Award was given in recognition of the company’s performance towards transparency, governance, and accountability to its stakeholders based on the 2023 ASEAN Corporate Governance Scorecard (ACGS) assessment results.

“The award was a welcome surprise. It shows that we’re doing something right. It’s our hope that this recognition of our governance practices would make Vitarich an attractive investment. We plan to sustain that and aim higher,” Mr. Sarmiento said.

With its strong financial performance and commitment to innovation, Vitarich is not just adapting to change—it is driving it. As the company expands into retail, strengthens its food business, and adopts modern technology, Vitarich is poised to make an even greater impact on the Philippines’ agriculture sector in the years to come.

For more information, visit vitarich.com and cookschicken.com or contact ir@vitarich.com.

 


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Start saving for the future now – 5 tips for successfully beginning your journey

While income affects saving, low income shouldn't hinder future preparation

“The secret of getting ahead is getting started” – Mark Twain

With rising living costs, saving is tough for many Filipinos, especially minimum wage earners. Waiting for a higher income to save makes it harder to develop the habit. While income affects saving, low income shouldn’t hinder future preparation. Achieving any goal starts with the first step. Here are five tips to begin the savings journey for a better future.

Start now

The best time to start saving is today. Starting now builds momentum, while delay may lead to missed opportunities and regret. Taking the first step boosts confidence and paves the way to success. Immediate action aids learning, growth, and achieving financial goals. Don’t wait for the perfect moment; make it perfect by starting now.

Start small

When developing money-saving habits, obsessing over an unsustainable amount can quickly stop one’s savings-related journey. Remember that in the habit development stage, consistency is more important than the amount. Start with a small but easily sustainable amount and in time, the amount can increase together with income.

Start with non-essentials

When cutting down on expenses to start saving for the future, it’s important to differentiate necessities from non-essentials. It is from the latter that spending must first be reduced to save money.

Prioritizing cuts on non-essential spending before reducing the budget for necessities is crucial for financial stability. Non-essentials, like dining out or entertainment, can be trimmed without impacting your basic needs. This approach ensures that essential expenses, such as food, housing and healthcare, remain covered.

Start with freebies

Taking advantage of government freebies and subsidies can be very helpful in developing the habit of saving money. For example, some local government units provide free medicines, immunization, education, even cinema passes to their constituents, among others.

These benefits can help reduce out-of-pocket expenses, freeing up more funds to allocate for savings, while meeting essential needs with less financial strain. A quick visit to the city or municipal hall or health center can help in knowing what benefits are available.

Start with a bank account

Lastly, starting the savings journey with a bank deposit account is crucial for financial security. For one, a bank deposit account provides physical security for one’s hard-earned savings and financial security through deposit insurance provided by the Philippine Deposit Insurance Corporation (PDIC).

Eventually, it can also be a gateway to other important financial services such as credit, insurance, and investments.

Begin your savings journey with a bank deposit account, which is a strong foundation for building a stable financial future. Dahil sa PDIC, bank deposit moprotektado!

Begin wisely, end successfully

In conclusion, saving money is possible at any income level by taking small, consistent steps. Start now with small amounts. Cut non-essential spending. Maximize freebies. Open a bank account for safety. These strategies can help you successfully save for the future.

 


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Oil edges up as rising Mideast tensions offset demand fears

MODELS of oil barrels and a pump jack are displayed in this illustration photo taken on Feb. 24, 2022. — REUTERS

TOKYO – Oil prices nudged higher on Monday as heightened tensions in the Middle East following the overthrow of Syrian President Bashar al-Assad by rebels offset concerns over weak Chinese demand that was highlighted by Saudi Aramco’s price cuts to Asian buyers.

Brent crude futures rose 22 cents, or 0.3%, to $71.34 per barrel by 0140 GMT. U.S. West Texas Intermediate crude futures CLc1 gained 22 cents, or 0.3%, to $67.42 per barrel.

Brent lost more than 2.5% last week and WTI fell 1.2% as analysts projected a supply surplus next year on weak demand despite an OPEC+ decision to delay output hikes and extend deep production cuts to the end of 2026.

Saudi Aramco, the world’s biggest crude oil exporter, has reduced its January 2025 prices for Asian buyers to the lowest level since early 2021, it said on Sunday, as weak demand from top importer China weighs on the market.

Meanwhile, Syrian rebels announced on state television on Sunday they had ousted President al-Assad, eliminating a 50-year family dynasty in a lightning offensive that raised fears of a new wave of instability in the Middle East that is already gripped by war.

“The development in Syria has added a new layer of political uncertainty in the Middle East, providing some support to the market,” said Tomomichi Akuta, senior economist at Mitsubishi UFJ Research and Consulting.

“But Saudi Arabia’s price reductions and OPEC+’s production cut extension last week underscored weak demand from China, indicating the market may soften toward year-end,” he added, noting that investors are closely watching the potential impact of U.S. President-elect Donald Trump’s energy and Middle East policies.

On Thursday, the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, pushed back the start of oil output rises by three months until April and extended the full unwinding of cuts by a year until the end of 2026.

OPEC+, which is responsible for about half of the world’s oil output, was planning to start unwinding cuts from October 2024, but a slowdown in global demand – especially from top crude importer China – and rising output elsewhere have forced it to postpone the plan several times.

The number of oil and gas rigs deployed in the United States last week hit the highest since mid-September, pointing to rising output from the world’s biggest crude producer. — Reuters

Trump says he will not try to replace Fed’s Powell

US Federal Reserve Chair Jerome H. Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” on Capitol Hill in Washington, US, July 9, 2024. — REUTERS

U.S. President-elect Donald Trump said in an interview aired on Sunday he will not try to replace Federal Reserve Chair Jerome Powell upon taking office in January.

“No, I don’t think so. I don’t see it,” Trump said on NBC News’ Meet the Press with Kristen Welker” when asked if he would seek to remove Powell, whose term ends in 2026.

Trump added that he didn’t think Powell, who he has sparred with in the past over interest rate levels, would go quietly.

“I think if I told him to [go], he would. But if I asked him to, he probably wouldn’t,” Trump told Welker.

Trump campaigned on a promise to lower mortgage rates and other borrowing costs for U.S. households, raising the prospect that he could clash with Powell – as he did in his first term – over interest rate policy. Trump’s vow to implement across-the-board tariffs could also complicate the Fed’s efforts to keep inflation in check.

Last month, Powell said he would refuse to leave office early if Trump tried to oust him, arguing that removing him, or any of the other Fed governors, ahead of the end of their terms is “not permitted under the law.”

Trump named Powell, a former private equity executive and a Republican, to Fed chair in early 2018 to replace Janet Yellen, who later became President Joe Biden’s Treasury Secretary. Biden reappointed Powell to his current term.

But the relationship between Trump and Powell turned sour, with Trump frequently attacking the Fed and its chief during his first term in office. Trump privately discussed trying to dismiss Powell in late 2018, upset over the Fed’s move to raise interest rates, and publicly argued against rate hikes.

Trump also criticized Powell in early 2020 at the start of the COVID-19 pandemic, saying Powell had made several bad decisions and arguing he had a right to remove him.

Trump’s attacks on the Fed during his first term broke from decades of presidents steering clear of direct criticism of the central bank, which operates with legal independence subject to the oversight of Congress.

Earlier this year, Trump said he felt he should have a say in the Fed’s decisions, an indication of his interest in infringing on its independence.

Traders are expecting the Fed to cut interest rates at its upcoming Dec. 17-18 policy meeting, after recent data showed the U.S. labor market was continuing to cool. A quarter-percentage-point reduction would bring the Fed’s policy rate to the 4.25%-4.50% range, a full percentage point below where it was in September when the central bank began its easing cycle. — Reuters

With Assad ousted, a new era starts in Syria as the world watches

STOCK PHOTO | Image by Koen One Stop Map from Pixabay

 – Syrians awakened on Monday to a hopeful if uncertain future, after rebels seized the capital Damascus and President Bashar al-Assad fled to Russia, ending a 13-year civil war and more than 50 years of his family’s brutal rule.

The lightning advance of a militia alliance spearheaded by Hayat al-Tahrir al-Sham (HTS), a former al-Qaeda affiliate, marked one of the biggest turning points for the Middle East in generations. Assad’s fall wiped out a bastion from which Iran and Russia exercised influence across the Arab world.

Moscow gave asylum to Assad and his family, Russian media reported and Mikhail Ulyanov, Russia’s ambassador to international organizations in Vienna, said on his Telegram channel on Sunday.

International governments welcomed the end of the Assads’ autocratic government, as they sought to take stock of a new-look Middle East.

U.S. President Joe Biden said Syria is in a period of risk and uncertainty, and it is the first time in years that neither Russia, Iran nor the Hezbollah militant organization held an influential role there.

HTS is still designated as a terrorist group by the U.S., Turkey and the United Nations, although it has spent years trying to soften its image to reassure international governments and minority groups within Syria.

Japan’s chief cabinet secretary, Yoshimasa Hayashi, said on Monday Tokyo was paying close attention to developments in Syria.

Assad’s overthrow limits Iran’s ability to spread weapons to its allies and could cost Russia its Mediterranean naval base. It could also allow millions of refugees scattered for more than a decade in camps across Turkey, Lebanon and Jordan to finally return home.

 

NOW TO REBUILD

The rebels face a monumental task of rebuilding and running a country after a war that left hundreds of thousands dead, cities pounded to dust and an economy hollowed by global sanctions. Syria will need billions of dollars in aid.

“A new history, my brothers, is being written in the entire region after this great victory,” said Ahmed al-Sharaa, better known as Abu Mohammed al-Golani, the head of HTS.

Speaking to a huge crowd on Sunday at Damascus’ Umayyad Mosque, a place of enormous religious significance, Golani said with hard work Syria would be “a beacon for the Islamic nation.”

The Assad police state was known as one of the harshest in the Middle East with hundreds of thousands of political prisoners held in horrifying conditions.

On Sunday, elated but often confused inmates poured out of jails. Reunited families wept in joy. Newly freed prisoners were filmed running through the Damascus streets holding up their hands to show how many years they had been in prison.

The White Helmets rescue organization said it had dispatched emergency teams to search for hidden underground cells still believed to hold detainees.

With a curfew declared by the rebels, Damascus was calm overnight, with roads leading into the city mostly empty. One shopping center had been looted on Sunday, and some people rampaged inside Assad’s presidential place, leaving carrying furniture.

The rebel coalition said it was working to complete the transfer of power to a transitional governing body with executive powers, referring to building “a Syria together.”

Golani is a Sunni Muslim, which is the majority in Syria, but the country is home to a wide range of religious sects, including Christians and Assad’s fellow Alawites, an offshoot of Shi’ite Islam.

 

WORLD STUNNED

The pace of events stunned world capitals and raised concerns about more regional instability on top of the Gaza war, Israel’s attacks on Lebanon and tensions between Israel and Iran.

The U.S. Central Command said its forces conducted dozens of airstrikes targeting known Islamic State camps and operatives in central Syria on Sunday.

Secretary of Defense Lloyd Austin said on Sunday he spoke with Turkish Minister of National Defense Yasar Guler, emphasizing the importance of protecting civilians and that the United States is watching closely.

During Syria’s civil war, which erupted in 2011 as an uprising against Assad, his forces and their Russian allies bombed cities to rubble. The refugee crisis across the Middle East was one of the biggest of modern times and caused a political reckoning in Europe when a million people arrived in 2015.

In recent years, Turkey had backed some rebels in a small redoubt in the northwest and along its border. The United States, which has about 900 troops in Syria, backed a Kurdish-led alliance that fought Islamic State jihadists from 2014-2017. – Reuters

Japan revises Q3 GDP higher, keeps alive BOJ rate-hike expectations

STOCK PHOTO | Image by Josh Soto from Unsplash

 – Japan’s economy expanded in July-September at a faster pace than initially reported thanks to upward revisions in capital investment and exports, keeping alive market expectations for a near-term interest rate hike by the central bank.

But a downward revision on consumption underscores the fragile nature of the economic recovery, and leaves uncertainty on how soon the central bank could raise interest rates again, with a December hike not guaranteed either, some analysts say.

The data will be among factors the BOJ will scrutinize at its next policy meeting on Dec. 18-19, when some analysts expect a hike in short-term interest rates from the current 0.25%.

“It does support the case for a December rate hike, though the weakness in consumption is a concern,” said Takeshi Minami, chief economist at Norinchukin Research Institute.

Gross domestic product (GDP) rose an annualized 1.2% in the three months to September, the Cabinet Office’s revised data showed on Monday, higher than economists’ median forecast and the initial estimate of 0.9% growth.

The revised numbers translate into a quarter-on-quarter expansion of 0.3% in price-adjusted terms, compared with a 0.2% growth in preliminary data released on Nov. 15.

The upgrade was caused in part by a smaller-than-expected decline in capital expenditure, which fell 0.1% in the third quarter compared with a preliminary reading of a 0.2% drop. It compared with economists’ estimate for a 0.1% rise.

External demand, or exports minus imports, knocked 0.2 percentage point off growth, less than a 0.4 point drop in the preliminary reading, the revised GDP data showed.

Private consumption, which accounts for more than half of the Japanese economy, rose 0.7%, less than the preliminary reading of 0.9% growth.

“While the data isn’t something that gives a huge boost to rate hike expectations, it won’t be a hindrance to raising rates either,” said Uichiro Nozaki, an economist at Nomura Securities.

The upward revision still leaves third-quarter GDP growth much slower than an annualized 2.2% expansion in the April-June period, which was largely in reaction to a contraction in the first quarter caused by output disruptions in some auto plants.

The BOJ phased out a decade-long, radical stimulus in March and raised short-term interest rates to 0.25% in July on the view Japan was progressing towards sustainably achieving its 2% inflation target.

Governor Kazuo Ueda has signaled readiness to raise rates again if the BOJ becomes more convinced that inflation will durably stay around 2% backed by rising wages and robust domestic demand.

Nozaki at Nomura Securities expects consumption to have slowed in the current quarter, but to rebound in the January-March quarter on prospects of firm wage growth.

But others are less optimistic about Japan’s economy with overseas uncertainties, such as threats of higher tariffs by U.S. President-elect Donald Trump, clouding the outlook.

“While improvements in real wages will underpin consumption, the recovery in external demand will be muted as overseas growth stagnates,” said Masato Koike, senior economist at Sompo Institute Plus.

“Japan’s economy will continue recovering but the pace will be modest,” he added.

Many market players expect the BOJ to hike rates again by the March end of the current fiscal year, though they are divided on whether it would come in December or early next year.

The BOJ is staying guarded on the timing of the next rate hike with December hardly a done deal given soft consumption, its governor’s cautious decision-making style and anxiety over U.S. economic policy in a second Trump presidency, sources have told Reuters. – Reuters

Haiti gang massacres at least 110 people in Cite Soleil, rights group says

By Bruno Le Bansais - Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=12865233

 – At least 110 people were killed over the weekend in Haiti’s Cite Soleil slum when a gang leader targeted elderly people he suspected of causing his child’s illness through witchcraft, the National Human Right Defense Network said on Sunday.

The gang leader, known as Monel “Mikano” Felix, along with his Viv Ansanm group, were responsible of the massacre.

RNDDH said that after Mr. Felix’s child became sick, he sought advice from a voudou priest who accused elderly people in the area of harming the child through witchcraft, triggering Felix to order the massacre.

Gang members killed at least 60 people on Friday and 50 on Saturday using machetes and knives, all of them aged over 60, it said.

Cite Soleil, a densely populated slum by the port of the capital Port-au-Prince, is among the poorest and most violent areas of Haiti.

Tight gang control, including the restriction of mobile phone use, limited residents’ ability to share information about the massacre.

Mr. Felix, who heads the Wharf Jeremie gang, was in 2022 banned from entering neighboring Dominican Republic. – Reuters

South Korea special forces officer says he had orders to block lawmakers

SOUTH KOREAN soldiers salute in front of a huge national flag in Pohang, South Korea, Sept. 30, 2021. — LEE JIN-MAN/POOL VIA REUTERS

 – The commander of South Korea’s special forces that stormed parliament last week after a martial law declaration said on Monday he was ordered to block lawmakers from entering the chamber to prevent a vote to lift the emergency measure.

Colonel Kim Hyun-tae, the commanding officer of the 707th Special Missions Group, told reporters he took all responsibility for his troops’ raid on parliament but said he was acting under orders from the defense minister.

South Korean President Yoon Suk Yeol, who is now a subject of a criminal investigation, declared martial law on Dec. 3 only to rescind the order within hours after parliament met in defiance of a security cordon to vote it invalid.

Mr. Yoon survived an impeachment vote in a opposition-led parliament on Saturday which plunged South Korea into a constitutional crisis.

Mr. Yoon said ahead of the vote he was entrusting his fate to the ruling party, but he did not offer to resign.

Mr. Kim said his unit landed on the grounds of parliament with orders to cordon off the main building to prevent lawmakers from entering but was met with legislative staff members inside who blocked their entrance.

“We were all victims who were used by the former defense minister, Kim Yong-hyun,” the commander told reporters outside the defense ministry in Seoul.

“The members of the Group are not guilty. Their only guilt is that they followed the orders of their commander,” he said, fighting back tears.

The former defense minister was arrested on Sunday over his role in declaring martial law and ordering the deployment of troops to parliament.

The leader of Yoon’s People Power Party, Han Dong-hoon, said on Sunday that Yoon would be excluded from foreign and other state affairs, and the party and Prime Minister Han Duck-soo would manage government affairs.

National Assembly speaker Woo Won-shik said it was unconstitutional to delegate presidential authority unless the president is impeached.

The main opposition Democratic Party, which led the failed impeachment motion on Saturday, said it would raise the motion again. – Reuters

Extreme heat puts garment factory workers at risk, study shows

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– Workers in some of the world’s biggest garment manufacturing hubs in Bangladesh, Vietnam, and Pakistan are increasingly exposed to extreme heat as climate change pushes temperatures up, a report found on Sunday, a problem multinational retailers and brands will have to help address.

New European Union regulations make retailers selling in the bloc, like Inditex, H&M and Nike, legally liable for conditions at their suppliers, putting pressure on them to help fund improvements to cool factories they source from.

In Dhaka, Hanoi, Ho Chi Minh City, Phnom Penh and Karachi, the number of days with “wet-bulb” temperatures – a measurement that accounts for air temperature as well as humidity – above 30.5 degrees Celsius jumped by 42% in 2020-2024 compared to 2005-2009, researchers at Cornell University’s Global Labor Institute found.

Above that threshold, the International Labor Organization recommends as much rest as work in any given hour to maintain safe core body temperature levels.

The report identified only three retailers – Nike, Levi’s, and VF Corp – which specifically include protocols to protect workers from heat exhaustion in their supplier codes of conduct.

 

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“We’ve been talking to brands for ages now about this issue, and they’re only now starting to turn their attention to it,” Jason Judd, executive director at Cornell University’s Global Labor Institute, told Reuters.

“If a brand or retailer knows that temperatures in a production area are excessively high or doing damage to worker health, then they’re obligated under this new set of rules to do something about it,” he added.

The EU Corporate Sustainability Due Diligence Directive came into force in July and will start applying to large companies from mid-2027.

Fixes to cool factories could include better ventilation and water evaporative cooling systems, instead of energy-intensive and expensive air conditioning that would increase manufacturers’ carbon emissions.

Some factory owners would likely be willing to make such investments themselves, given how heat stress significantly impacts productivity, Judd said, but the EU rules highlight brands’ responsibility to address the issue too.

The report also urged retailers and brands to invest in higher wages and health protections so that workers can manage the risk of missing work days due to heatwaves.

Extreme heat and flooding could erase $65 billion in apparel export earnings from Bangladesh, Cambodia, Pakistan and Vietnam by 2030, research from asset manager Schroders and the Global Labor Institute found last year. – Reuters