Home Blog Page 12377

World powers to vote on giving chemical watchdog teeth

The Hague — Decision day loomed Wednesday at the world’s chemical weapons monitor as Western powers frantically sought behind closed doors to rally support for moves to beef up the watchdog’s powers.
Britain, backed by allies such as the United States and France, is leading a drive to enable the independent Organisation for the Prohibition of Chemical Weapons (OPCW) to attribute blame for any use of toxic substances in Syria.
But they have met fierce opposition from Russia, backed by Syria and Iran. Both Moscow and Damascus stand accused by the international community of using chemical weapons in recent months.
The move comes amid growing frustration at the lack of a mechanism to punish perpetrators amid repeated recent attacks with chlorine, sarin and even mustard gas in Syria and Iraq, and the use of rare nerve agents in Britain and Malaysia.
After a heated 12-hour public meeting on Tuesday, the rare special session of the OPCW’s top policy-making body moved into private on Wednesday away from the glare of the world’s media for what is expected to be a tense vote.
“Today is decision day … for the @OPCW in The Hague. We will vote at 14:40,” the British delegation to the OPCW said in a tweet.
It maintained that there was “growing support to empower the OPCW to determine responsibility for chemical weapons attacks and strengthen” the Chemical Weapons Convention (CWC), for the vote that will start at 1240 GMT.
In a war of words on Twitter, mirroring the tensions inside the cavernous World Forum where the meeting is being held, the Russian embassy hit back that “deception is perhaps the word of the day”.
Britain had failed to provide any evidence that Moscow was behind the never agent attack on ex-spy Sergei Skripal and his daughter in Salisbury in March, it said.
Instead Britain has “embroiled their allies in the blatant campaign against Russia. Now they try to drag the #OPCW in their games.”
‘Terrible suffering’
Both sides were believed to be furiously working behind the scenes to win support, with one diplomatic source telling AFP “it’s very intense inside”.
Opening Wednesday’s session, Dutch Foreign Minister Stef Blok voiced his country’s support for the British-led drive.
The recurrent use of chemical weapons was a “black cloud” hanging over last year’s 20th anniversary celebrations for the OPCW which has destroyed 96 percent of the world’s toxic arms stockpiles, he told delegates.
“The result was terrible human suffering, but also the risk of a ‘new normal’: a situation where perpetrators consider themselves untouchable,” he said, according to a copy of his speech provided to AFP.
And despite some optimism among Western diplomats, there are no guarantees that the vote will go in favour of Britain and its allies.
Brazil on Tuesday summed up the unease felt by several countries at giving the watchdog greater powers outside the forum of the UN Security Council and voiced caution.
“Any change, if it is to be adopted, should … by no means make up for protracted impasses or dysfunctionalities in other international bodies,” said Ambassador Regina Maria Cordeiro Dunlop.
‘Never again’
Late last year, Russia wielded its veto power at the UN Security Council to effectively kill off a joint UN-OPCW panel aimed at identifying those behind attacks in Syria.
And amid the dragging seven-year civil war in Syria, Moscow has grown increasingly protective of its Middle Eastern ally.
The OPCW is also due to soon publish a report into an alleged gas and sarin attack in the Syrian town of Douma. But Moscow and Damascus insist the attack was fake, staged by the Syrian rescue volunteers known as the White Helmets.
A two-thirds majority, minus any abstentions, is needed for Britain’s proposal to pass at the OPCW meeting on Wednesday.
“We all hoped that these terrible instruments of death would never be used again,” British Foreign Secretary Boris Johnson told the meeting on Tuesday.
“But the tragic reality is that chemical weapons have been used and are being used all over again.” — AFP

Companies join forces to tackle PHL tech challenges

A group consisting of technology firms and various organizations has launched an initiative to come up with technology solutions for inclusive development.
Individuals from different groups organized to form TechUp Pilipinas, a platform where different groups can collaborate to  create technology-driven solutions that tackle urban challenges.
Bryan Makasiar, associate director of TechUp Pilipinas and team lead for the financial technology business group of UnionBank Philippines, said certain players in the technology industry started the platform with the objective of coming up with technology solutions addressing problems such as the lack of Internet connection in public schools and the issue of financial inclusion.
“We want to create solutions for the sari-store vendors, solutions for the common person,” Mr. told reporters on June 26.
The platform, first launched in May, targets to make technology solutions for healthcare, education, and logistics, rural banks, and others.
Now, TechUp Pilipinas also started on June 26 TechUp Tuesdays, a collaboration event opportunity held on Tuesdays meant for companies and other organizations to share ideas and forge partnerships.
“Not one entity can do it…it is not limited to tech companies or financial technology companies. We invite organizations, NGOs [non-government organizations] to learn about our solutions,” Mr. Makasiar said.
He added that TechUp Pilipinas so far has 12-15 partners already on board, including knowledge partners like the digital transformation unit of Enderun Colleges.
The group also plans to connect with government agencies and representatives of those from the grassroots.
“We always believe in collaboration,” Mr. Makasiar said. — Patrizia Paola C. Marcelo

Serena Williams seeded for Wimbledon, Murray misses out

London — Seven-time Wimbledon champion Serena Williams has been seeded 25 for this year’s women’s singles by the organizers despite being ranked 183 in the world.
The 36-year-old — who was not seeded for the French Open — has made only a tentative return to action following complications during daughter Alexis Olympia’s birth last September.
Williams played her first Grand Slam for over a year at the French Open last month, reaching the fourth round before a shoulder injury forced her to quit ahead of her clash with old rival Maria Sharapova.
By contrast Britain’s two-time Wimbledon champion Andy Murray has not been seeded in the men’s singles although he has returned to action in the past fortnight.
The 31-year-old — who spent nearly 11 months off the court due to a hip injury and then a subsequent operation — has not yet committed himself to play at Wimbledon and is due to play compatriot Kyle Edmund at Eastbourne later Wednesday.
Some had argued against Williams being seeded with world number 32 Dominika Cibulkova telling the BBC it would be ‘unfair’ as she would be the player to lose out as there are 32 seeds.
The All England Club usually follows the WTA ranking list, but reserves the right to make a change if it “is necessary to produce a balanced draw”.
Romanian’s French Open champion Simona Halep is the women’s top seed, with Swiss legend and eight time Wimbledon champion Roger Federer the men’s top seed. — AFP

Facebook is no longer building an internet-beaming aircraft

Facebook Inc.’s days of dabbling in aerospace engineering are over.
The company said in a blog post Tuesday it will no longer design or build its own aircraft to beam internet connectivity over regions with limited access, a project it has been working on since 2014. Facebook is also closing its facility in the U.K. that managed drone design, development and testing. The social network was able to build and test the drone, called Aquila, but never managed to deploy it.
Facebook said there are now other companies in aerospace that are investing in the same kind of technology. So it’s time for the company to step out of the race. Instead of building, Facebook said it will work with partners like Airbus SE on high-altitude connectivity technologies.
Though it ultimately didn’t live up to its ambitions in the skies, the Aquila drone served as a visible symbol of innovation at a company where all of the most important work usually happens behind the scenes, in lines of software code. The Aquila, demonstrated at Facebook’s conferences and, at one point, touted in an innovation lab at the company’s headquarters, was frequently held up as an example of the important work Facebook was doing as part of its mission to connect the world via the internet. The company is still working on other technologies that can spread online access.
The original plan, unveiled in 2015, involved using balloons to lift unmanned drones with the wingspan of a Boeing 737 airplane to an altitude of 90,000 feet (27,400 meters). There, they would fly for as long as three months and transmit information using lasers. In the drone’s first test flight, it suffered a structural failure as it was coming in for landing, though the company has said it considers the flight a success.
“We were able to demonstrate that an aircraft of this design was viable — with two successful, full-scale test flights,” Facebook said in its blog post.
The Aquila drone was part of the company’s Internet.org initiative to spread access to the billions of people around the world who still don’t have online capabilities, which had been a priority for Chief Executive Officer Mark Zuckerberg. The Menlo Park, California-based company is still working on those initiatives, but in May reassigned Chris Daniels, the head of product for the program, to run the mobile-messaging service WhatsApp instead. Facebook last year also changed its mission. Instead of connecting the world, it’s now focused on bringing people closer together. — Bloomberg

Electric cooperatives report higher sales in first quarter

Electric cooperatives recorded an 11% increase in electricity sales during the first quarter to 4,924 gigawatt-hours (gWh), about half of which were consumed by the residential sector, the National Electrification Administration (NEA) said on Wednesday, June 27.
Residential consumers used 2,506 gWh or 51% of the total sales during the first three months. The commercial sector was the second biggest user with 1,187 gWh or 24% of the consumption.
“These data show an upward trend in the demand for electricity in the rural areas, a positive surge in economic activity, including those in production, manufacturing and consumer trade being catered to and aptly provided by electric cooperatives in the past year,” said NEA Administrator Edgardo R. Masongsong in a statement. — Victor V. Saulon

Stocks surge on bargain hunting

By Arra B. Francia, Reporter
Shares jumped on Wednesday, June 27, as investors continued to hunt for bargains and fund managers started window dressing their portfolios.
The bellwether Philippine Stock Exchange index surged 2.42% or 169.22 points to close at 7,176.43, managing to close at its record high for the day. The all shares index likewise rose 1.62% or 69.99 points to 4,379.30.
“We are seeing a continuation of bargain hunting of selected oversold stocks. However, it’s just local investors that pushed the index higher. Hopefully we can see this trend until the end of the second quarter,” I.B. Gimenez Securities, Inc. Research Head Joylin F. Telagen said in a text message on Wednesday.
The PSEi managed to defy the performance of regional markets, which moved lower due to concerns on the trade war between the United States and China. Uncertainties on the trade policy between the two countries continued to drag on the sentiments of Asian markets.
Locally, all sectoral indices ended in positive territory, led by property which soared 3.73% or 127.13 points to 3,533.88. Holding firms followed with a 3.05% increase or 209.52 to 7,082.59. Financials advanced 1.17% or 20.53 points to 1,771.20; mining and oil firmed up 0.68% or 65.12 points to 9,621.69; industrial gained 0.42% or 43.08 points to 10,395.36; while services went up 0.4% or 5.47 points to 1,377.10.
Turnover was valued at P6.5 billion after some 675.53 million issues switched hands, higher than the P5.92 billion recorded in the previous session.
Advancers outpaced decliners, 102 to 95, while 43 issues were unchanged.
Foreign investors were back as net sellers, with foreign net outflows recorded at P235.14 million, quickly reversing Tuesday’s net sales of P57.67 million.

Japan to seek partial resumption of commercial whaling

Japan will seek a partial resumption of commercial whaling at a meeting of the International Whaling Commission later this year, officials said Wednesday.
Tokyo has regularly sought the easing of the IWC’s moratorium on commercial whaling and continues to kill whales as part of what it calls a “scientific research” programme despite international criticism.
At September’s meeting in Brazil, Japan “will propose setting a catch quota for species whose stocks are recognised as healthy by the IWC scientific committee”, Hideki Moronuki, an official in charge of whaling at Japan’s fisheries agency, told AFP.
Moronuki said the proposal would not specify which whale species and how many mammals Japan wants to hunt, but he said the IWC classifies several species as no longer depleted.
The moratorium has been in place since 1986, and Japan’s previous attempts to win a partial lifting have been unsuccessful.
Japan will also propose measures to change the body’s decision-making process, lowering the threshold for proposals to pass from three quarters of members to half.
“The IWC has not been functioning. We should get united to build a more cooperative system,” Moronuki said.
Tokyo has continued to hunt whales despite the moratorium, exploiting a loophole allowing “scientific research”. It says the research is necessary to prove whale populations are large enough to sustain a return to commercial hunting.
It makes no secret of the fact that meat from the expeditions ends up on dinner tables, despite a significant decline in the popularity of whale meat.
Whales were a key protein source in the immediate post-World War II years, when the country was desperately poor, but most Japanese now say they rarely or never eat whale.
But foreign pressure on Japan to stop whaling has hardened the positions of conservative activists and politicians.
Japan cancelled its 2014-2015 hunt after the International Court of Justice said permits being issued by Tokyo were “not for purposes of scientific research”.
But it resumed the hunts in 2016, and conservationists were furious this year after Japan reported it had caught 333 minkes on its latest expedition, 122 of which were pregnant.
Japanese officials said the high rate of pregnant whales showed the strength of the minke population.
Japan’s last bid to ease the restrictions was in 2014, when the IWC voted down its request to hunt 17 minke whales in its coastal waters — where smaller whales which Japan claims are not regulated by the committee are already hunted. — AFP

Treasure trove seized from ex-Malaysia PM worth up to $273 million

A vast trove of valuables seized in raids on properties linked to Malaysia’s scandal-mired former leader, including cash, jewelry and luxury handbags, are worth up to $273 million, police said Wednesday.
The searches, part of investigations into scandal-hit sovereign wealth fund 1MDB, netted 12,000 pieces of jewellery, bags containing almost $30 million in cash across 26 different currencies, more than 400 watches worth $19.3 million, and other high-end designer goods.
“I think this is the biggest seizure in Malaysian history,” said Amar Singh, the police’s head of commercial crime investigations, after officials completed the mammoth task of valuing all the items they uncovered in raids around Kuala Lumpur last month.
He said the items were worth between 910 million ringgit ($225 million) and 1.1 billion ringgit ($273 million).
The official salary of Najib Razak, the former premier, while in office was 22,827 ringgit ($5,670) a month.
Allegations of massive corruption were a major factor behind last month’s shock election loss of Najib’s long-ruling coalition to a reformist alliance headed by Mahathir Mohamad.
Najib and his cronies were accused of plundering billions of dollars from 1MDB to buy everything from US real estate to artworks. Najib and the fund deny any wrongdoing.
His luxury-loving wife Rosmah Mansor became a lightning rod for public anger due to her vast collection of handbags and jewels, and her reported love of overseas shopping trips.
The mind-boggling collection of luxury items listed by police will increase public anger at the former first couple, whose spendthrift ways came to symbolise the decadence and rot in the Barisan Nasional coalition which ruled the country since independence from Britain in 1957 until its ouster last month.
Anger at allegations of graft swirling around Najib and his inner circle had become particularly acute in recent years, as many middle-class Malaysians increasingly struggled with stagnating wages and living standards.
Tiaras, sunglasses, watches
The items were seized in raids on six premises linked to Najib, including luxury apartments in Kuala Lumpur and his main residence in an upmarket part of the city.
The huge collection of jewellery included 1,400 necklaces, 2,200 rings and 14 tiaras. The most expensive item of jewellery was a necklace, which was estimated to be worth 6.4 million ringgit ($1.5 million), Amar said.
A total of 567 handbags were also seized, including 272 Hermes bags worth 51.3 million ringgit, police said, adding that the value of the other handbags was still being calculated.
A total of 423 watches worth 78 million ringgit were also discovered, along with 234 pairs of sunglasses.
It took officials five weeks, from May 21 to June 25, to count up the items and calculate their value, Amar said.
When items are uncovered in raids, police typically try to put a value on them on site, Amar said. But this was not possible with the Najib-linked searches due to the vast quantity of valuables.
“The next best option is to seal the items, to bring them back to a secure place and ensure that these items are not compromised,” he said.
New Prime Minister Mahathir, who has just started his second stint as premier at the age of 92, has reopened investigations into 1MDB which were shut down by Najib, and has vowed the former leader will be charged.
Since their election loss, Najib and Rosmah have been questioned by anti-graft investigators over allegations that money linked to the state fund ended up in Najib’s bank accounts.
The US Justice Department, which is seeking to recover items allegedly bought with stolen 1MDB cash in America, estimates that $4.5 billion was looted from the fund. — Patrick Lee, AFP

Energy firms rise with oil prices but Asia markets sink again

Energy firms rallied on Wednesday after a surge in oil prices but Asian markets struggled to maintain early momentum and extended their recent losses as trade war fears torment investors.
Both main crude contracts piled higher after the State Department warned US allies they would be hit with sanctions if they did not halt Iran oil purchases by November 4.
Analysts said that while the announcement was not unexpected, the mere confirmation of the fact was enough to push investors into buying mode.
The commodity has enjoyed a healthy run since the weekend, when OPEC and Russia agreed to a moderate lift in their 18-month-old output ceiling.
Unrest in producer Libya was also providing support.
The higher oil prices — Brent added more than two percent and WTI more than three percent Tuesday — lifted energy firms. CNOOC soared more than four percent in Hong Kong while PetroChina added 1.6 percent. Woodside Petroleum in Sydney added 1.4 percent, while Tokyo-listed Inpex climbed 1.5 percent and JXTG soared more than six percent.
However, trade tensions continue to loom large, with investors on edge awaiting the next developments.
Tokyo ended 0.3 percent lower. Hong Kong lost more than one percent in the afternoon and Shanghai closed 1.1 percent down, with the mainland Chinese market now in a correction — down 20 percent from its recent highs.
Seoul edged 0.4 percent down, while Singapore shed 0.1 percent and Sydney was marginally lower. Taipei and Mumbai fell but Wellington, Manila, Bangkok and Jakarta were up.
Stephen Innes, head of Asia-Pacific trading at OANDA, said Donald Trump’s attack on Harley-Davidson indicated he is not ready to back down on his hardline protectionist America first agenda.
‘No one is safe’
The president on Tuesday hit out at the motorbike maker after it said it was planning to shift some manufacturing overseas because of European Union tariffs put in place as retaliation for US duties.
He said the bikes should “never” be built outside the United States, and tweeted: “Harley must know that they won’t be able to sell back into US without paying a big tax!”
In a commentary, Innes said: “The only thing I can think of that is more iconic Americana than apple pie is Harley-Davidson.
“So, after the president’s recent Twitter tirade directed at the iconic motorcycle manufacturer, it cements the view that, friend or foe, no one is safe from the wrath of the US administration’s America First trade policy.”
He added that, while the US economy remains in rude health, which should provide equities support, “investors are caught between a hammer and anvil on escalating trade wars”.
On currency markets, the trade uncertainty is pushing the dollar up against most high-yielding units owing to its safe haven status, though it weakened against the yen, euro and pound.
The Chinese yuan also fell and is coming under increasing pressure owing to concerns about the impact of a trade war on the world’s number two economy, which is also showing signs of weakness.
The People’s Bank of China at the weekend lowered lenders’ reserve requirements in a bid to free up cash but while it was welcomed it added to the yuan’s weakness and fuelled a sense of unease in the economic outlook.
Markets are keeping an eye on US durable goods orders later Wednesday “with some interest here in whether the concerns being flagged by various Fed officials about trade worries leading to deferred investment and hiring decisions are showing up in orders,” Ray Attrill, head of forex strategy at National Australia Bank, said.
In early trade London rose 0.3 percent, Paris was flat and Frankfurt edged up 0.1 percent.
Key figures around 0720 GMT
Tokyo – Nikkei 225: DOWN 0.3 percent at 22,271.77 (close)
Hong Kong – Hang Seng: DOWN 0.1 percent at 28,847.66
Shanghai – Composite: DOWN 1.1 percent at 2,813.18 (close)
London – FTSE 100: UP 0.3 percent at 7,557.50
Euro/dollar: UP at $1.1660 from $1.1600 at 2100 GMT
Pound/dollar: UP at $1.3225 from $1.3200
Dollar/yen: DOWN at 109.87 yen from 110.08 yen
Oil – West Texas Intermediate: UP 31 cents at $70.84
Oil – Brent Crude: UP 33 cents at $76.64 per barrel
New York – Dow Jones: UP 0.1 percent at 24,283.11 (close)
— AFP

Makabayan urges House to investigate alleged NutriAsia labor violations

The House Committee on Labor and Employment has been urged to investigate alleged labor practices implemented by NutriAsia that led workers to set up a picket protest in early June.
The Makabayan bloc on Wednesday filed House Resolution 1974, to probe “labor-only contracting, union busting, illegal dismissal of 75 employees, and other violations of workers’ rights in NutriAsia, Inc.”
As stated in the resolution, only 100 of the 1,500 workers in the NutriAsia plant in Marilao, Bulacan were regularized. It was also noted some workers remained contractual despite being employed for over ten years.
The Department of Labor and Employment had already issued a compliance order in February 2018, which the company reportedly ignored. — Charmaine A. Tadalan

PHL cosmetics industry seen growing by 6% over next five years

The cosmetics and toiletries (C&T) industry in the Asia Pacific (APAC) region is expected to grow by an average of more than 6% over the next five years, driven by rising disposable income and a prevailing image consciousness among consumers.
Global data and analytics firm GlobalData projects the C&T industry to record a compounded annual growth rate of 6.3% from 2017 to 2022, with growth coming mostly from Indonesia and the Philippines.
“Rising disposable income and image consciousness among the consumers are boosting demand for cosmetics and in turn translating surge in spend and market opportunities in the Asia-Pacific region, particularly in Indonesia and the Philippines,” GlobalData Consumer Research and Analysis Director Sumit Chopra said in a statement. — Arra B. Francia

Government in finals stages of establishing new regulations on 'sugary drinks'

The government is set to identify local “high sugar” drinks that need labeling on its estimated sugar content. This move towards transparency is aimed at cautioning consumers and eventually cutting down consumption of sugary drinks among Filipinos.
Department of Trade and Industry Secretary Ramon M. Lopez said Wednesday that he was meeting the Food and Drug Administration (FDA) in the morning and private stakeholders in the afternoon to thresh out the rules and hear concerns from drink manufacturers.
“We will select the products that will be included and what kind of warning will be included in the label,” Mr. Lopez told reporters in Pasay City on Wednesday.
“The policy… emanated from discussion with the president who commented na dapat warningan ang consumer about dun,” he added.
The agency proposed to the FDA, which crafts rules on the labeling of products, that the warning include the estimated sugar content — in grams — on a per serving basis instead of the current standard in which a drink’s sugar level per pack is shown.
The agencies will be reviewing all forms of sugary drinks, namely ready-to-drink, powdered, and concentrated. The release of the list of firms that will be mandated to follow will be out “quick.”
While Mr. Lopez noted that the implementation period will take time, he says two months may suffice for manufacturers to transition. As such, the DTI expects them to have all products prior to the effectivity period of the new rule already consumed and the firms, compliant, come August. — Janina C. Lim