Aung San Suu Kyi Set To Break Silence On Rohingya Crisis In Live TV Address

Agencies
September 19, 2017

Yangon, Sept 19: Myanmar leader Aung San Suu Kyi is poised today to break her silence on a refugee crisis the UN has decried as "ethnic cleansing", in a live TV address that will be closely watched by nationalists in Myanmar who support an army-led campaign against Rohingya Muslims.

Communal violence has torn through Rakhine state since August 25, leaving hundreds dead and driving more than 410,000 of the Rohingya minority from Myanmar into Bangladesh.

But Suu Kyi, a Nobel laureate, has so far refused to speak up for the stateless Rohingya or publically urge restraint from the military.

Her intransigence in the face of huge international pressure has confounded a global community that once feted her as the champion of Myanmar's democracy struggle.

But inside Myanmar, supporters say the 72-year-old lacks the power to pull in the army, with whom she is in a delicate power-sharing arrangement. 

The UN has accused Myanmar's army of "ethnic cleansing" over a campaign of alleged murder and arson that has left scores of Rohingya villages in ashes.

The army denies that, instead insisting its operations are a proportional response to the late August raids by Rohingya militants, who they label "extremist Bengali terrorists".

Since then just under half of Rakhine's Rohingya population has poured into Bangladesh, where they now languish in one of the world's largest refugee camps.

A further 30,000 ethnic Rakhine Buddhists as well as Hindus have also been displaced -- apparent targets of the August 25 attacks by the Arakan Rohingya Salavation Army (ARSA) militant group. 

Suu Kyi skipped this week's UN General Assembly in New York to manage the crisis at home and deliver her televised address -- the biggest yet of her time in office.

Hours before her speech, British Foreign Secretary called a meeting on the sidelines of the UN gathering, warning that the Rakhine violence was "a stain on the country's reputation" so soon after its transition to democratic rule.

It was a message that fell on deaf ears among the several hundred people gathered near Yangon's famous Sule Pagoda early Tuesday to watch the speech on a big screen.

"She will explain to the world the real situation in Rakhine," Thet Aung Htike, 38, told AFP.

"Western countries and the UN think that her government is badly treating the Bengali people. But there are a lot of Buddhist and Hindu people who have been killed by the terrorists. The world needs to understand this."

Siege mentality

Analysts say Suu Kyi must walk a treacherous line between global opinion and Islamaphobic anti-Rohingya views at home, where the military has curdled hatred for the Muslim minority.

"I'm worried that there is almost no possibility, given the political climate in Myanmar, for balancing the expectations of most of the country and the expectations of the international community," said Richard Horsey, an independent analyst based in Myanmar.

While stories of weary and hungry Rohingya civilians streaming into Bangladesh have dominated global headlines, there is little sympathy for the Muslim group among Myanmar's Buddhist majority.

Many reject the existence of a Rohingya ethnicity and insist they are "Bengalis" -- illegal immigrants from Bangladesh.

That narrative has justified the denial of citizenship for the estimated one million Rohingya who lived in Rakhine before the recent crisis.

Loathing for the Rohingya has brought the public, including prominent pro-democracy activists, into an unlikely alignment with an army that once had them under its heel.

A seige mentality has emerged in Myanmar with the UN, international NGOs and foreign media the focus of ire for apparent pro-Rohingya bias.

Many Facebook users changed their profile picture on Tuesday to carry a banner with a photo of 'The Lady' and saying "We stand with you Daw Aung San Suu Kyi" -- using an honorific.

Tensions over the status of the Rohingya have been brewing for years in Myanmar, with bouts of anti-Muslim violence erupting around the country as Buddhist hardliners fan fears of an Islamic takeover.

Although the military stepped down from outright junta rule in 2011, it kept control of security policy and key levers of government.

Any overt break from the army's policy in Rakhine could enrage the generals and derail Suu Kyi's efforts to prevent a rollback on recent democratic gains.

Observers say the military may be deliberately destabilising her government with one eye on 2020 elections.

Commander-in-chief Min Aung Hlaing has emerged during the crisis as an unexpectedly popular figure, pitching himself as a defender Myanmar's territorial integrity and the Buddhist faith.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
March 1,2020

Washington, Mar 1: Beginning April 1, Indians wishing to immigrate to America will now have to pay an additional $50,000 for the EB-5 or the US investor visa, a media report said.

Although, this additional tax would impact all visa categories, it will predominantly create a barrier for people investing in the EB-5 visa programme, the American Bazaar daily said in the report on Friday.

In 2019, the EB-5 investor visa programme, for the first time since the 1990's, increased the minimum investment amount to $900,000.

With this increase in minimum investment, the new 5 per cent additional tax would mean that applicants would have to pay the extra $50,000, when they move money to an escrow account in the US to fulfil their application criterion.

"The changes to the tax on remittances is a reminder to Indians to carefully plan their tax position before making the move to the US," the American Bazaar quoted Mark Davies, Global Chairman, Davies & Associates LLC, as saying.

"People seeking to emigrate who do not wish to pay this tax at source and rather account for it later may wish to move their money ahead of the new rules coming into effect.

"It is possible to pre-emptively move money into an escrow account in the US until such a time as they are ready to proceed with emigration process," he added.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 6,2020

Mar 6: UK stocks fell again on Friday as growing economic risks from the coronavirus outbreak shattered investor confidence, with Britain recording its first death from the pathogen.

A 1.5% fall for the FTSE 100 erased the blue-chip index's gains from earlier this week. Export-heavy companies have now lost over $230 billion in value since the epidemic sparked a worldwide rout last week.

The domestically focussed mid-cap index was down 1.9%.

Cruise operator Carnival dropped 4.2% to its lowest level since 2012, a day after its Grand Princess ocean liner was barred from returning to its home port of San Francisco on virus fears.

Britain said an older person with underlying health problems had succumbed to the flu-like virus on Thursday, while the number of infections jumped to 115.

In company news, drug maker AstraZeneca fell 1% after it said its treatment for a form of bladder cancer failed to meet the main goal of improving overall survival in patients in a late-stage study.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.