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.

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Agencies
July 3,2020

The dollar's dominance will slowly melt away over the coming year on weakening global demand and a sombre U.S. economic outlook, according to a Reuters poll of currency forecasters whose views depend on there being no second coronavirus shock.

Despite fears a surge in new Covid-19 cases would delay economies reopening and stymie a tentative recovery, world stocks have rallied - with the S&P 500 finishing higher in June, marking its biggest quarterly percentage gain since the height of the technology boom in 1998.

Caught between bets in favour of riskier investments, weak U.S. economic prospects as well as an easing in the thirst for dollars after the Federal Reserve flooded markets with liquidity, the greenback fell nearly 1.0 per cent last month. It was its worst monthly performance since December.

While there was a dire prognosis from the top U.S. medical expert on the coronavirus' spread, the June 25-July 1 poll of over 70 analysts showed weak dollar projections as Fed Chair Jerome Powell on Monday reiterated the economic outlook for the world's largest economy was uncertain.

"The dollar rises in two instances: when you see risk off or when there is a situation where the U.S. is leading the global recovery, and we don't think that's going to be the case anytime soon," said Gavin Friend, senior FX strategist at NAB Group in London.

"The U.S. is playing fast and loose with the virus, and chronologically they're behind the rest of the world."

Currency speculators, who had built up trades against the dollar to the highest in two years during May, increased their out-of-favour dollar bets further last week, the latest positioning data showed.

About 80 per cent of analysts, 53 of 66, said the likely path for the dollar over the next six months was to trade around current levels, alternating between slight gains and losses in a range. That suggests the greenback may be at a crucial crossroad as more currency strategists have turned bearish.

But more than 90 per cent, or 63 of 68, said a second shock from the pandemic would push the dollar higher. Five said it would push the U.S. currency lower.

Much will also depend on debt servicing and repayments by Asian, European and other international borrowers in U.S. dollars.

While an early shortage of dollars in March from the pandemic's first shock pushed the Fed to open currency swap lines with major central banks, international funding strains have eased significantly since. In recent weeks, usage of the facility has reduced dramatically.

That trend is expected to continue over the next six months with major central banks' usage of swap lines to "stay around current levels", according to 32 of 46 analysts. While 13 predicted a sharp drop, only one respondent said use of them would "rise sharply".

The dollar index, which measures the greenback's strength against six other major currencies, has slipped over 5 per cent since touching a more than three-year high in March.

When asked which currencies would perform better against the dollar by end-December, a touch over half of 49 respondents said major developed market ones, with the remaining almost split between commodity-linked and emerging market currencies.

"The dollar is so overvalued, and has been overvalued for a long time, it's time now for it to come back down again, as we head towards the (U.S.) election," added NAB's Friend.

Over the last quarter, the euro has staged a 1.8 per cent comeback after falling by a similar margin during the first three months of the year. For the month of June, the euro was up 1.2 per cent against the dollar.

The single currency was now expected to gain about 2.5 per cent to trade at $1.15 in a year from around $1.12 on Wednesday, slightly stronger than $1.14 predicted last month. While those findings are similar to what analysts have been predicting for nearly two years, there was a clear shift in their outlook for the euro, with the range of forecasts showing higher highs and higher lows from last month.

"In comparison to even a month or two ago, the outlook in Europe has improved significantly," said Lee Hardman, currency strategist at MUFG.

"I think that makes the euro look relatively more attractive and cheap against the likes of the dollar. We're not arguing strongly for the euro to surge higher, we're just saying, after the weakness we have seen in recent years, there is the potential for that weakness to start to reverse."

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Agencies
July 18,2020

Days after Twitter accounts of several billionaires were hacked to engineer a crypto scam, Twitter on Saturday said it is embarrassed, disappointed and, more than anything, sorry for what happened with some of its high-profile users as attackers successfully manipulated its employees and used their credentials to access internal systems, including getting through the two-factor protections.

In the first detailed summary of the "social engineering attack" via a crypto scam that hit at least 130 users this week, Twitter said for 45 of those accounts, the attackers were able to initiate a password reset, login to the account and send Tweets.

"We are continuing our forensic review of all of the accounts to confirm all actions that may have been taken. In addition, we believe they may have attempted to sell some of the usernames," the micro-blogging platform said in a statement.

For up to eight of the Twitter accounts involved, the attackers took the additional step of downloading the account's information via "Your Twitter Data" tool.

This is a tool that is meant to provide an account owner with a summary of their Twitter account details and activity.

"We are reaching out directly to any account owner where we know this to be true. None of the eight were verified accounts," said Twitter.

The company said the attackers were not able to view previous account passwords, as those are not stored in plain text or available through the tools used in the attack.

"Attackers were able to view personal information including email addresses and phone numbers, which are displayed to some users of our internal support tools," informed Twitter.

In cases where an account was taken over by the attacker, they may have been able to view additional information, Twitter added, saying its forensic investigation of these activities was still ongoing.

"We are actively working on communicating directly with the account-holders that were impacted".

The company said it will soon restore access for all account owners who may still be locked out as a result of the remediation efforts.

The New York Times reported on Friday that the Twitter crypto scam can be traced back to a group of hackers who congregate online at OGusers.com, a username-swapping community where people buy and sell coveted online handles.

The report said that the Twitter hack is not from Russian, Chinese or North Korean hackers but was done by a group of young people, "one of whom says he lives at home with his mother".

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Agencies
February 6,2020

New Delhi, Feb 6: Unemployment rate in the country as per a new survey was 6.1 per cent in 2017-18, the government informed Rajya Sabha on Wednesday.

Minister of State for Labour Santosh Gangwar said the government is conducting a new Periodic Labour Force Survey (PLFS) with new parameters and bigger sample size, and its results cannot be compared with previous surveys in this regard.

"As per the new Periodic Labour Force Survey being conducted by the government, the labour force participation is 36.9 per cent and the rate of unemployment for 2017-18 is 6.1 per cent," he said.

Replying to supplementaries during the Question Hour, the minister said the report of this survey is very different than the surveys conducted in previous years.

This survey is not comparable to previous surveys, he said, adding it was an attempt to provide authentic data with the new survey conducted through the Ministry of Statistics.

"We are focusing on infrastructure development and ease of doing business and India's position in the world has improved. India has improved its position to 63rd rank now in 2019 against 196 in previous years," he said.

"Our government is very conscious of creating employment opportunities and is running such programme which generates employment.

"The way our government is functioning, employment opportunities are being created and the youths are getting jobs also," the minister said.

Gangwar said the government has stopped the previous survey as the sample size was low and an attempt is being made to improve the data by adding various parameters and provide more authentic data.

The minister said it will take time for collection of data as households have to be visited on the ground for authentic data collection in rural areas also.

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