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Lanao del Sur clash kills 3 NPAs

COTABATO CITY – Patrolling soldiers killed in a brief clash in Kapai, Lanao del Sur on Sunday, three members of the New People’s Army collecting “protection money” at gunpoint from hapless villagers.

Officials of the Lanao del Sur Provincial Police Office and the Army’s 55th Infantry Battalion separately confirmed to reporters on Monday that the three NPAs belonged to the terror group’s self-styled North Central Mindanao Regional Committee, whose top leaders are wanted for high-profile criminal cases pending in different courts in the Bangsamoro region and in Region 10.

Reports received on Monday by senior officials of the Police Regional Office-Bangsamoro Autonomous Region, which has jurisdiction over Lanao del Sur, stated that the encounter between the NPAs and personnel of the Army’s 55th IB in Sitio Bagong Silang in Barangay Malna in Kapai left three other guerillas wounded, seen by villagers being carried away from the scene by retreating companions.

The Army team that clashed with the NPAs was dispatched to Sitio Bagong Silang after barangay officials reported to the Kapai Municipal Police Station and the 55th IB the presence of gunmen in the area, forcing villagers to shell out money.

A number of villagers who had no cash were forced to provide them rice and chickens, according to local officials.

Soldiers found four assault rifles beside the cadavers of the three NPAs and improvised explosive devices in their bags. — John Felix M. Unson

PSEi ends above 7,500, posts near five-year high

REUTERS

PHILIPPINE SHARES surged to the 7,500 level on Monday to post their best close since January 2020 as inflation slowed to an over four-year low in September, giving the central bank space to bring down borrowing costs further.

The bellwether Philippine Stock Exchange index (PSEi) rose by 1.16% or 86.76 points to 7,554.68 on Monday, while the broader all shares index climbed by 1.02% or 41.32 points to 4,082.97.

Monday’s finish was the PSEi’s best close in almost five years (over 56 months) or since it ended at 7,587.63 on Jan. 27, 2020.

The main index also reached an intraday high of 7,604.61 during Monday’s session.

“Strong buying interest, including net foreign inflows of P1.35 billion, propelled the market to its highest close since Jan. 27, 2020, as investors reacted to the combination of a surprisingly low Philippine headline inflation and a positive US jobs report,” Chinabank Capital Corp. Managing Director Juan Paolo E. Colet said in a Viber message.

“The local market rose further this Monday. Investors continued to cheer the significant slowdown of the Philippines’ inflation last September as it strengthens the case for further monetary policy easing by the Bangko Sentral ng Pilipinas (BSP),” Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco likewise said in a Viber message. “Hopes that the Fed will also deliver more rate cuts also spurred optimism.”

Philippine headline inflation slowed to 1.9% in September from 3.3% in August and 6.1% a year ago, the government reported on Friday.

This was the slowest pace seen in over four years or since the 1.6% print in May 2020. It was also below the BSP’s 2%-2.8% forecast for the month and the 2.5% median estimate yielded in a BusinessWorld poll of 15 analysts.

Analysts have said the improving inflation outlook will give the BSP more than enough room to further reduce benchmark rates.

BSP Governor Eli M. Remolona, Jr. last week said the Monetary Board can deliver a 25-basis-point (bp) cut at its Oct. 16 meeting, followed by another at its Dec. 19 meeting.

The BSP in August cut benchmark borrowing costs by 25 bps to kick off its easing cycle, bringing its policy rate to 6.25%.

Majority of sectoral indices ended higher on Monday. Property went up by 2.04% or 60.64 points to 3,025.70; services rose by 1.89% or 43.48 points to 2,337.06; industrials climbed by 1.21% or 120.79 points to 10,054.26; and holding firms increased by 1.2% or 76.34 points to 6,405.78.

Meanwhile, financials dropped by 0.46% or 11 points to 2,382.77, and mining and oil lost 0.39% or 35.57 points to end at 9,042.29.

Value turnover rose to P7.87 billion on Monday with 1.36 billion shares traded from P6.14 billion with 792.47 million issues exchanged on Friday.

Advancers outnumbered decliners, 129 to 79, while 49 names ended unchanged.

Net foreign buying surged to P1.35 billion on Monday from P607.93 million on Friday. — R.M.D. Ochave

Peso sinks to seven-week low on Fed rate bets

PHILSTAR FILE PHOTO

THE PESO sank to a near two-month low against the dollar on Monday due to dimming expectations of another large rate cut by the US Federal Reserve after strong jobs data released last week and the escalating conflict in the Middle East.

The local unit closed at P56.825 per dollar on Monday, dropping by 53 centavos from its P56.295 finish on Friday, Bankers Association of the Philippines data showed.

This was the peso’s worst close in more than seven weeks or since it finished at P57.245 per dollar on Aug. 16.

The peso opened Monday’s session sharply weaker at P56.64 against the dollar. It traded lower than Friday’s close the entire session as its intraday best was at just P56.58, while its worst showing was at P56.84 versus the greenback.

Dollars exchanged went down to $1.295 billion on Monday from $1.51 billion on Friday.

“The dollar strengthened due to escalating geopolitical tensions in the Middle East and after the higher US nonfarm payroll report last Friday, easing bets of a 50-basis-point (bp) rate cut by the Fed,” a trader said by phone.

Higher global crude prices due to conflict in the Middle East dragged the peso down, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort added in a Viber message.

For Tuesday, the trader sees the peso moving between P56.50 and P57 per dollar, while Mr. Ricafort expects it to range from P56.70 to P56.90

The US dollar edged down on Monday after a rally sparked by Friday’s strong US jobs data and an escalation in the Middle East conflict, Reuters reported.

The dollar’s gains followed a US jobs report that showed the biggest jump in six months in September, a drop in the unemployment rate and solid wage rises, all pointing to a resilient economy and forcing markets to reduce pricing for Federal Reserve rate cuts.

Many of the factors that weighed on the greenback through the summer had reversed, analysts said, mentioning fading recession concerns and a price action suggesting the limits of pricing a dovish reaction function have been reached with this dataset.

The dollar index measure against major peers was down 0.05% at 102.48. It rose 0.5% on Friday to a seven-week high, logging more than 2% gains for the week, its biggest in two years. It was slightly above 100 early last week.

Markets expect the Federal Reserve to cut rates by just 25 bps in November, rather than 50 bps, following the jobs data. They now price in a 95% chance of a quarter point cut, up from 47% a week ago, and a 5% chance of no cut at all, according to CME’s FedWatch tool

In the Middle East, Israel bombed Hezbollah targets in Lebanon and the Gaza Strip on Sunday ahead of the one-year anniversary of the Oct. 7 attacks that sparked its war. Israel’s defense minister also declared all options were open for retaliation against arch-enemy Iran. — A.M.C. Sy with Reuters

FEU stalwart Velarde rules PHL Amateur Chess Championships

NCFP CEO GM Jayson Gonzales (left) and International Arbiter Rudy Ibañez award John Jerish Velarde the top purse and gold medal in the just concluded Philippine Amateur Chess Championships at the Robinson’s East in Pasig on Sunday.

FAR EASTERN UNIVERSITY’S (FEU) John Jerish Velarde isn’t giving up on his dream of becoming a grandmaster (GM) like Daniel Quizon.

And the 18-year-old Far Eastern University stalwart from Lapu Lapu, Cebu made a significant step towards it after topping the Philippine Amateur Chess Championships at the Robinson’s East in Pasig over the weekend.

Mr. Velarde, who earned the National Master title when he was just 12 years old in the 19th ASEAN Age Group tilt in Davao, bested Ricardo Batcho in the seventh and final round to rule the three-day event with 6.5 points.

For his feat, Velarde pocketed the top purse worth P25,000 courtesy of fellow NM Srihaan Poddar and earned 91.6 rating points to leapfrog from 1902 before to 1993.6.

While he still has mountains to climb before becoming a GM like Mr. Quizon, Mr. Velarde, with more hard work and sacrifices, vowed to be relentless in pursuit of it.

Christian Marcelo Olaybal waylaid Johnny Wellem Carzano and then edged John Lee Antonio and Jones Maghuyop with the highest tiebreaker to claim second place with six points.

Mr. Antonio, who trounced Narciso Gumila, Jr., took third spot while Mr. Maghuyop, who bested Carlo Magno Rosaupan, ended up fourth also with six points apiece.

Rounding out the top 10 were Mr. Batcho, Tristan Cervero, Edwin Tendencia, Mar Aviel Carredom, Carzano and Lance Nathaniel Orlina with April Joy Claros of Far Eastern University and Alwin Sopungco taking the top woman and senior plums, respectively.

The tournament is part of the country’s bid to allow Fiipino players FIDE rating points for a chance at earning international title norms. — Joey Villar

Beermen vs Gin Kings kickstarts PBA Governors’ Cup semifinals; TNT clashes with Rain or Shine

SAN MIGUEL BEER — PBA.PH

Games on Wednesday
(PhilSports Arena)
5 p.m. – San Miguel vs Ginebra  (Semifinals Game 1)
7:30 – Rain or Shine vs TNT (Semifinals Game 1)

THE PBA Governors’ Cup semifinal stage is upon us and for the last four teams standing, it’s time to dial up the performance and effort levels to 11.

On one hand, it’s defending champion TNT against Rain or Shine (ROS) in an explosive clash of squads that emerged as topnotchers in the two groups of the eliminations. On the other, there’s Barangay Ginebra against San Miguel Beer, sister teams but fierce rivals when it comes to chasing greatness.

While TNT and ROS meet for the first time in the conference having been slotted in different brackets pre-playoffs, the Gin Kings and the Beermen have faced twice before in Group B, where they finished 2 and 3 behind the Elasto Painters.

Ginebra prevailed in the first round, 108-102, then the Beermen struck back hard with a 131-82 rout in Round 2, which marked both the largest winning margin ever for SMB and the most lopsided loss in franchise history for the crowd darlings Gin Kings.

Beermen coach Jorge Gallent quickly dismissed any notion of psychological edge from this 49-point beatdown of the Gin Kings.

“That’s a thing of the past,” Mr. Gallent said after completing the semifinal cast with a tight 109-105 victory over Converge in Sunday’s Game 5 di-or-die.

“This is back to zero. It’s a series so now it’s adjustments, adjustments,” he added.

The Beermen averted a disastrous meltdown after blowing a 2-0 lead and even trailing by eight in the fourth of the decider against the FiberXers. This kind of showing, stressed Mr. Gallent, won’t suffice against the Tim Cone-coached Ginebra, which swept Philippine Cup holder Meralco, 3-0.

“It’s well-coached and it has great players so we just have to play our A-game for us to have a chance to beat them.”

Like SMB, the Elasto Painters went through a grueling five-game quarterfinal series before marching versus TNT, which advanced earlier after a 3-1 dispatching of NLEX.

“We’re playing a tough team and they’re the defending champions,” said ROS coach Yeng Guiao.

TNT counterpart Chot Reyes tasked his troops to continue sharpening up, especially on defense.

“The only way we can go deeper into the playoffs is if everyone on the team really elevates their game. What got us here will not get us to where we want to be,” he said. — Olmin Leyba

CSB Blazers eye quick turnaround against dangerous JRU Bombers

COLLEGE OF ST. BENILDE BLAZERS — FACEBOOK.COM/NCAA.ORG.PH

Games on Tuesday
(MOA Arena)
11 a.m. – CSB vs JRU
2:30 p.m. – San Beda vs Mapua
5 p.m.- SSC-R vs EAC

COLLEGE of St. Benilde (CSB) aims to recover from a sudden loss of confidence in the couple of games as it shoots to keep its loosening grip of the lead against a dangerous Jose Rizal University (JRU) on  Tuesday in NCAA Season 100 at the Filoil EcoOil Arena.

The CSB Blazers have played horrendously in their last two outings, escaping past the San Sebastian College-Recoletos Stags, 96-94, in overtime Tuesday and succumbing to the Arellano University Chiefs, 73-71, Friday that saw it from being alone at the helm to now sharing it with the Mapua University Cardinals on 6-2 slates.

They battle the JRU Bombers, who improved to 3-5 with a 75-63 win over the Emilio Aguinaldo College (EAC) Generals on Saturday, at 11 a.m. Tuesday with nothing in mind of getting the win that will seal them the No. 1 spot entering the second and last round.

But JRU coach Louie Gonzales vowed to give CSB a run for its money.

“We will do our best to give them a fight,” said Mr. Gonzales.

Mapua University, for its part, will try to keep close to the lead, if not snatch it entirely, as it tangles with defending champion San Beda University (SBU) (5-3) in a 2:30 p.m. showdown that could be a sneak preview of this year’s finale.

The Cardinals will bring with them a three-game streak that they capped with a 77-71 win over the EAC Generals Wednesday while the SBU Red Lions have been on a two-game roll following squeakers over the Colegio de San Juan de Letran Knights, 66-64, Tuesday and the University of Perpetual Help Altas, 63-62, Saturday.

Reigning MVP Clint Escamis vowed to serve San Beda, their conquerors from last season’s finals, a dish best served cold — vengeance.

“We’ve been looking forward to this match after we lost to them in the finals last year,” said Mr. Escamis.

Meanwhile, EAC (3-5) and SSC-R (2-6) will try to resuscitate its waning Final Four campaign as the two collide at 5 p.m. — Joey Villar

Unlikely hero Chad Ryland kicks Cardinals past 49ers

CHAD RYLAND, recently on the Arizona Cardinals’ practice squad, kicked in place of injured Matt Prater and made a 35-yard field goal with 1:37 left in a 24-23 comeback victory over the San Francisco 49ers at Santa Clara, Calif.

Kyler Murray directed the game-winning drive, which covered 75 yards in 14 plays. Murray finished 19 of 30 passing for 195 yards and a touchdown with one interception. He added 83 yards with another touchdown on the ground.

San Francisco coach Kyle Shanahan was 38-0 in his career with the 49ers when leading by at least 10 points entering the fourth quarter before Sunday’s loss. Brandon Aiyuk led all receivers with 147 yards on eight receptions.

Both teams played a majority of the game with backup placekickers.

Prater was ruled inactive before the game with a knee injury, and Ryland, who was with the New England Patriots last year, came on to make three field goals Sunday (30, 42, 35).

San Francisco’s Jake Moody injured his right leg when trying to make a tackle of DeeJay Dallas following a kickoff with 4:59 left in the second quarter.

Mitch Wishnowsky, a punter, kicked his first career field goal, a 26-yarder, as time expired in the second quarter, giving the 49ers a 23-10 lead.

Fullback Kyle Juszcyk was the holder because Wishnowsky is the regular holder.

Ryland’s game-winning field goal was set up after San Francisco turned the ball over deep in Arizona territory. On a first-and-goal play at the Arizona 8 with 6:20 left, San Francisco’s Jordan Mason fumbled on a hit by Kyzir White and Jesse Luketa. Luketa recovered at the Arizona 9.

Murray went to work, and on a fourth-and-5 situation from the Arizona 40, Kylar Murray backpedaled to avoid the rush and connected with Marvin Harrison for 14 yards to keep the drive alive.

First down runs by Murray and James Conner preceded Ryland’s game-winner.

San Francisco’s final possession ended with Brock Purdy throwing a pass that was intercepted by White.

Purdy was 14 of 29 for 244 yards with a touchdown and two interceptions.

Arizona cut the lead to 23-21 with 11:25 left after Murray engineered a 12-play, 73-yard drive that took 6:27. Murray’s 2-yard touchdown pass to Elijah Higgins was followed by James Conner’s 2-point conversion run.

Murray kicked off the scoring with a 50-yard TD run on Arizona’s first possession of the game.

The 49ers responded with a 28-yard field goal and a Purdy to George Kittle 4-yard touchdown. Arizona tied it up on Ryland’s first field goal, but Moody put San Francisco up 13-10 with a 20-yarder.

San Francisco took a 20-10 lead with 4:59 left in the second quarter when Ryland’s 45-yard attempt was blocked by Jordan Elliott. Deommodore Lenoir recovered the ball and returned it 61 yards for a touchdown. — Reuters

Liberty topple Aces in Game 4 to clinch return to WNBA Finals

SABRINA IONESCU scored 22 points, Breanna Stewart recorded a double-double and the New York Liberty used an explosive fourth quarter to end the host Las Vegas Aces’ bid for a three-peat and return to the WNBA Finals with a 76-62 win on Sunday.

Top-seeded New York won the semifinal series 3-1 and will face either the second-seeded Minnesota Lynx or the third-seeded Connecticut Sun in the best-of-five championship series, which begins Thursday. The Liberty have never won a championship and lost last year’s final to Las Vegas in four games.

“We haven’t done anything yet,” said Stewart, who bundled 19 points with 14 rebounds, five assists and four blocks.

“This was a tough series, an emotional series for a number of different reasons, but we’re going to the Finals… We’re ready to go. Just the feeling of not (being) satisfied.”

Ionescu added seven rebounds and made five 3-pointers, including one during a 12-0 run during the fourth quarter that pushed the Liberty ahead 69-53 with 3:38 left.

League MVP A’ja Wilson had 19 points and 10 rebounds to lead the fourth-seeded Aces. Las Vegas was trying to become the first WNBA team to win three straight titles since the Houston Comets won four in a row from 1997-2000.

Kelsey Plum added 17 points for the Aces, and Tiffany Hayes chipped in 11 off the bench.

New York limited Las Vegas to 32.8 percent shooting overall and outrebounded the hosts 48-27. New York led 57-53 early in the fourth quarter before ripping off the decisive 12 straight points.

Courtney Vandersloot made two layups before Ionescu and Jonquel Jones (14 points) canned back-to-back triples to make it 67-53 just past the midpoint of the quarter. Leonie Fiebich’s two free throws capped the run and gave the Liberty a 16-point cushion. Fiebich finished with 11 points and seven boards.

Las Vegas shot just 4-for-17 in the final quarter and was outscored 23-11 over the final 10 minutes.

Ionescu shot 4-for-4 from the field and made three treys during her 12-point first quarter that ended with New York leading 23-19.

The Liberty went up 37-27 midway through the second quarter after Fiebich made a 3-pointer and Stewart split two free throws. Stewart led all first-half scorers with 15 points, but the Aces kept Ionescu scoreless in the second quarter and closed within 41-38 by halftime.

Both defenses clamped down as the teams combined for 25 points in a back-and-forth third quarter.

Ionescu’s fourth 3-pointer of the night propelled New York ahead 49-42 before Hayes’ two free throws pulled Las Vegas within 53-51 at the end of the frame. That margin stood after Jackie Young’s 55-foot heave for the Aces at the buzzer was overturned. — Reuters

SE Asian crime networks flourish in Telegram’s ‘underground markets’

DIMA SOLOMIN-UNSPLASH

BANGKOK — Powerful criminal networks in Southeast (SE) Asia extensively use the messaging app Telegram which has enabled a fundamental change in the way organized crime can conduct large-scale illicit activity, the United Nations (UN) said in a report on Monday.

The report represents the latest allegations to be levied against the controversial encrypted app since France, using a tough new law with no international equivalent, charged its boss Pavel Durov for allowing criminal activity on the platform.

Hacked data including credit card details, passwords and browser history are openly traded on a vast scale on the app which has sprawling channels with little moderation, the report by the United Nations Office for Drugs and Crime (UNODC) said.

Tools used for cybercrime, including so-called deepfake software designed for fraud, and data-stealing malware are also widely sold, while unlicensed cryptocurrency exchanges offer money laundering services, according to the report.

“We move 3 million USDT stolen from overseas per day,” the report quoted one ad as saying in Chinese.

There is “strong evidence of underground data markets moving to Telegram and vendors actively looking to target transnational organized crime groups based in Southeast Asia,” the report said.

Southeast Asia has emerged as a major hub for a multibillion-dollar industry that targets victims across the world with fraudulent schemes. Many are Chinese syndicates that operate from fortified compounds staffed by trafficked workers. The industry generates between $27.4 billion to $36.5 billion annually, UNODC said.

Russian-born Mr. Durov was arrested in Paris in August and charged with allowing criminal activity on the platform including the spread of sexual images of children. The move has put the spotlight on the criminal liability of app providers and also triggered debate on where freedom of speech ends and enforcement of the law begins.

Telegram, which has close to 1 billion users, did not immediately respond to a request for comment.

Following his arrest, Mr. Durov, who is currently out on bail, said the app would hand over users’ IP addresses and phone numbers to authorities making legal requests. He also said the app would remove some features that have been abused for illegal activity.

Benedikt Hofmann, UNODC’s deputy representative for Southeast Asia and the Pacific, said the app was an easily navigable environment for criminals.

“For consumers, this means their data is at a higher risk of being fed into scams or other criminal activity than ever before,” he told Reuters.

The report said the sheer scale of the profits earned by criminal groups in the region had required them to innovate, adding they had integrated new business models and technologies including malware, generative artificial intelligence and deepfakes into their operations.

UNODC said it had identified more than 10 deepfake software service providers “specifically targeting criminal groups involved in cyber-enabled fraud in Southeast Asia.”

Elsewhere in Asia, police in South Korea — estimated to be the country most targeted by deepfake pornography — have reportedly launched an investigation into Telegram that will look at whether it abets online sex crimes.

Reuters also reported last month that a hacker had used chatbots on Telegram to leak the data of top Indian insurer Star Health, prompting the insurer to sue the platform.

Using the chatbots, Reuters was able to download policy and claims documents featuring names, phone numbers, addresses, tax details, copies of ID cards, test results and medical diagnoses. — Reuters

Trauma of October 7 attack still hangs over Israel as war spreads

Supporters of bereaved family members and the families of hostages who were kidnapped during the deadly Oct. 7 attack by Palestinian Islamist group Hamas, protest on a Day of Disruption by anti-government protest groups outside the Knesset, Israel’s Parliament in Jerusalem, May 20, 2024. — REUTERS

JERUSALEM — While much of the world has focused on Israel’s military response to the Oct. 7 Hamas attacks, and the devastation it has caused, Israelis’ lives in the past year have been overshadowed by the trauma of that day.

The attack was the worst disaster in Israel’s history, leaving the country reeling from the failure of its often vaunted military to protect its people.

“I think Israel is a country that is still grieving, that I don’t think was fully able to go through the grief and process what happened on Oct. 7,” said Hen Mazzig, a senior fellow at the Tel Aviv Institute, a pro-Israel advocacy group.

Hamas-led gunmen killed some 1,200 people during a rampage through communities in southern Israel and took more than 250 hostages into Gaza, according to Israeli figures, the worst single-day loss of life for Jews since the Nazi Holocaust.

Israel’s response, aimed at eliminating Hamas, has levelled Gaza, killing nearly 42,000 people, according to Palestinian health officials, and displacing nearly all its 2.3 million people.

As the war reaches its first anniversary, Israelis face a wider war with the Iranian-backed Hezbollah in Lebanon and potentially with Iran itself, which launched a barrage of missiles at Israel last week.

Although increasing numbers of Israelis have called for a ceasefire in Gaza recently, there has also been wide support for war against Hamas and Hezbollah, which the Israeli military says had plans to launch an Oct. 7-style attack of its own in northern Israel. Some 80% of Israelis said it was right to launch an offensive against Hezbollah even though the war in Gaza is still going on, according to a survey for the Israel Democracy Institute last week.

But the failure to bring the hostages home remains an open wound. There have been mass protests demanding the government do more to get them back and growing calls for a ceasefire in Gaza, with bitter criticism by protesters of Prime Minister Benjamin Netanyahu.

However images of the suffering of Palestinians in Gaza are almost totally absent from television, apart from footage filmed by the military or reports from embedded journalists accompanying Israeli troops.

There is also little recognition for the fact that for Palestinians, the destruction of Gaza has reminded them of their own historical trauma, the loss of their land in the Nakba — or catastrophe — after the war that erupted when the state of Israel was founded in 1948.

Instead, there has been a general hardening of attitudes and a sense that Israelis and Palestinians feel further apart than ever.

For Avida Bachar, a farmer from the kibbutz of Be’eri who lost his leg and watched his wife and son die when Hamas gunmen attacked his home one year ago, there is one solution to the Israeli-Palestinian conflict.

Palestinians must be moved from Gaza to any state willing to take them, so they can no longer threaten Israel, he says.

“We only have one option to solve this, which is to transfer them to other sovereign states.”

‘NO LONGER YOUR FRIEND’
In Israel, armed civilians are visible everywhere, on edge for attacks by Palestinians who many feel sympathized with the Oct. 7 attack.

Abu Yousef, 70, a Palestinian from Kafr Manda, a Palestinian village in northern Israel, who used to work with Israelis on farms and in vegetable markets, said everything changed after Oct. 7.

“We used to have Jewish friends, we would ask about each other’s families. But one who was your friend before, is no longer your friend.”

For Jewish Israelis, the events of Oct. 7 had existential implications, echoing the pogroms in Europe of past centuries and laying bare the fight for survival many feel their country faces against enemies on all sides, with Iran pulling the strings.

“The feeling is there’s no security in this place. Anything can happen,” said Alex Kaidrikov from Tel Aviv, who said he narrowly missed an attack last week by two Palestinian gunmen that killed seven people, on the day Iran launched a ballistic missile barrage at Israel.

“It’s just shocking and overwhelming, and there’s nothing we can do about it,” he said.

The trauma has been compounded by the way initial sympathy from much of the world over the Oct. 7 attack shifted to condemnation over Israel’s campaign in Gaza.

Israel, founded in the wake of the Nazi Holocaust, faces allegations of genocide at the International Court of Justice and Mr. Netanyahu has been bracketed with the leader of Hamas, a group branded a terrorist organization by many Western countries, in a prosecution request at the International Criminal Court for an arrest warrant alleged war crimes.

Mr. Netanyahu has dismissed the allegations of genocide. He has rejected the prosecution request as “absurd” and said it was directed against the whole of Israel, an example of the “new antisemitism.”

For many in Israel, the global mood, which has seen a sharp rise in both antisemitic and Islamophobic incidents, reflects a mix of Western naivete and deliberate manipulation by Hamas and its sympathizers. But even liberal Israelis have felt hurt by the feeling the world has turned against their country.

Maayan, 37, a product manager from Tel Aviv who gave only her first name, said she understood the upset over the suffering in Gaza. But she felt many protests seemed aimed at delegitimizing Israel or even calling into question its right to exist.

“At the end of the day, I’m Israeli. I have nowhere else to go,” she said. “So I do find it a little painful.” — Reuters

Indonesia’s Prabowo wants gradual increase in debt-to-GDP ratio

A TELLER counts Indonesian rupiah bank notes at a money changer in Jakarta, Indonesia, Oct. 14, 2024. — REUTERS

JAKARTA — Indonesia’s President-elect Prabowo Subianto will increase the country’s debt-to-GDP ratio level gradually, alongside efforts to boost tax revenues, his top adviser and brother Hashim Djojohadikusumo told a seminar on Monday.

The increase may be within a range of one to two percentage points per year, he said, describing Indonesia’s current debt-to-GDP level of under 40% as “underleveraged.”

Investors and rating agencies are closely monitoring Prabowo’s fiscal plans after his earlier comments suggesting an appetite for higher debt levels to fund his costly campaign promises triggered concern about potential fiscal slippage.

In June, capital outflows hit the rupiah after Bloomberg News reported Mr. Prabowo planned to boost the debt-to-GDP ratio to 50% within his five year term.

His advisers subsequently denied this and repeatedly promised Mr. Prabowo will comply with Indonesia’s fiscal laws limiting the annual budget deficit to a maximum 3% of GDP and debt-to-GDP at 60%.

“Prabowo will not add to national public debt abruptly, not drastically,” Mr. Hashim said.

“We will remain prudent, but we will be daring, more aggressive, so we can fulfil our (campaign) promises,” he added.

Mr. Prabowo’s key campaign pledge is to provide free meals to more than 80 million children and pregnant mothers across Indonesia, which is estimated to cost 450 trillion rupiah ($28.73 billion) to implement. — Reuters

UNICEF chief warns Gaza kids face ‘post-generational challenges’

PALESTINIANS wait to receive food cooked by a charity kitchen amid shortages of food supplies in Rafah in the southern Gaza Strip, Jan. 16, 2024. — REUTERS

WASHINGTON — After a year of military operations between Israel and Hamas in Gaza, the head of the United Nations Children’s Fund (UNICEF) warned that children there will face “post-generational challenges” due to the conflict.

“If you look at Gaza really through the eyes of a child, it is a hellscape,” UNICEF’s executive director Catherine Russell told CBS News’ Face the Nation on Sunday, noting the toll of family deaths and displacements, as well as ongoing lack of food and clean water.

“They are so traumatized by what’s happening,” Ms. Russell said of the kids. “Even if we can get more supplies in there, the trauma that these children are suffering is going to have lifetime and even post-generational challenges for them.”

The fighting started on Oct. 7, 2023, when Hamas fighters killed 1,200 civilians and took about 250 hostages in Israel, according to Israeli tallies.

Ms. Russell said it remains “very dangerous” to move humanitarian aid in Gaza. However, she credited her organization with a “success story” of vaccinating thousands of children for polio in the area.

On the latest Israeli military operations in Lebanon targeting Iran-backed group Hezbollah, the UNICEF director said “the speed and intensity is shocking” and that “it makes it challenging for us” to reach the approximately one million displaced people there.

“I feel confident at this point that we can meet the needs but it is taking a tremendous amount of effort on our part,” Ms. Russell said. — Reuters