Malaysia missing airline: Air probe finds scant evidence of attack

March 11, 2014

Malaysia_missing_airlineKuala Lumpur/Washington, Mar 11: Investigators in Malaysia are voicing skepticism that the airliner that disappeared early Saturday with 239 people on board was the target of an attack, US and European government sources close to the probe said.

The fate of the Malaysian airliner that vanished about an hour into a flight to Beijing remained a mystery, as a massive air and sea search, now in its third day, failed to turn up any trace of the Boeing 777 plane.

Neither Malaysia's Special Branch, the agency leading the investigation locally, nor spy agencies in the United States and Europe have ruled out the possibility that militants may have been involved in downing Malaysia Airlines Flight MH370.

But Malaysian authorities have indicated that the evidence so far does not strongly back an attack as a cause for the aircraft's disappearance, and that mechanical or pilot problems could have led to the apparent crash, the US sources said.

"There is no evidence to suggest an act of terror," said a European security source, who added that there was also "no explanation what's happened to it or where it is."

Meanwhile, dozens of ships and aircraft from 10 countries were still scouring the seas around Malaysia and south of Vietnam as questions mounted over possible security lapses that could have led to a downing of the Boeing 777-200ER after it climbed to an altitude of 35,000 feet (10,670 meters).

Interpol confirmed on Sunday at least two passengers used stolen passports and said it was checking whether others aboard had used false identity documents.

Even so, one U.S. source said Malaysian authorities were leaning away from the theory that the plane was attacked. Their view was mostly based on electronic evidence that indicates the flight may have turned back toward the Malaysian capital of Kuala Lumpur before disappearing.

Even that information has not been clearly confirmed, and investigators and intelligence sources say the fate of the Flight MH370 is still shrouded in mystery.

One reason was that the aircraft had failed to make automatic contact with a flight data-monitoring system after vanishing from radar screens, two people familiar with the matter said on Monday. Such contact could have helped investigators determine what happened.

The aircraft was equipped with a maintenance computer capable of talking to the ground automatically through short messages known as ACARS. "There were no signals from ACARS from the time the aircraft disappeared," a source involved in the investigations said.

Also raising doubts about the possibility of an attack, the United States extensively reviewed imagery taken by spy satellites for evidence of a mid-air explosion, but saw none, a U.S. government source said. The source described US satellite coverage of the region as thorough.

With no success so far, authorities were planning to widen the search from Tuesday, Azharuddin Abdul Rahman, the head of Malaysia's Civil Aviation Authority, told reporters on Monday.

"Unfortunately we have not found anything that appears to be objects from the aircraft, let alone the aircraft," he said. "As far as we are concerned, we have to find the aircraft. We have to find a piece of the aircraft if possible."

Azharuddin said a hijacking attempt could not be ruled out as investigators explore all theories.

A senior police official told Reuters that people armed with explosives and carrying false identity papers had tried to fly out of Kuala Lumpur in the past, and that current investigations were focused on two passengers who were on the missing plane with stolen passports.

"We have stopped men with false or stolen passports and carrying explosives, who have tried to get past KLIA (airport) security and get on to a plane," he said. "There have been two or three incidents, but I will not divulge the details."

Azharuddin also said the two men with stolen passports did not look like Asians, but he did not elaborate. Airport CCTV footage showed they completed all security procedures, he said.

"We are looking at the possibility of a stolen passport syndicate," he said.

About two-thirds of the 227 passengers and 12 crew now presumed to have died aboard the plane were Chinese. The airline said other nationalities included 38 Malaysians, seven Indonesians, six Australians, five Indians, four French and three Americans.

A senior source involved in preliminary investigations in Malaysia said the failure to find any debris indicated the plane may have broken up mid-flight, which could disperse wreckage over a very wide area.

"The fact that we are unable to find any debris so far appears to indicate that the aircraft is likely to have disintegrated at around 35,000 feet," said the source.

Asked about the possibility of an explosion, the source said there was no evidence of foul play and that the aircraft could have broken up due to mechanical causes.

Still, the source said the closest parallels were the bomb explosions on board an Air India jetliner in 1985 when it was over the Atlantic Ocean and a Pan Am aircraft over the Scottish town of Lockerbie in 1988. Both planes were cruising at around 31,000 feet at the time.

Underlining the lack of hard information about the Malaysian plane's fate, a U.S. Navy P-3 aircraft capable of covering 1,500 square miles (3,900 square km) every hour was sweeping the northern part of the Strait of Malacca, on the other side of the Malaysian peninsula from where the last contact with MH370 was made.

No distress signal was sent from the lost plane, which experts said suggested a sudden catastrophic failure or explosion, but Malaysia's air force chief said radar tracking showed it may have turned back from its scheduled route before it disappeared.

Superior safety record

The Boeing 777 has one of the best safety records of any commercial aircraft in service. Its only previous fatal crash came on July 6 last year when Asiana Airlines Flight 214 struck a seawall on landing in San Francisco, killing three people.

US planemaker Boeing declined to comment.

The passenger manifest issued by the airline included the names of two Europeans who were not on the plane. Their passports had been stolen in Thailand during the past two years.

An Interpol spokeswoman said a check of all documents used to board the plane had revealed more "suspect passports", which were being investigated.

"Whilst it is too soon to speculate about any connection between these stolen passports and the missing plane, it is clearly of great concern that any passenger was able to board an international flight using a stolen passport listed in Interpol's databases," Interpol Secretary General Ronald Noble said.

A Thai travel agent who arranged the tickets for the two passengers using the stolen passports said she had booked them on the flight via Beijing because they were the cheapest tickets, the Financial Times reported.

The travel agent in the resort of Pattaya said an Iranian business contact she knew only as "Mr. Ali" had asked her to book tickets for the two men on March 1.

She had initially booked them on other airlines but those reservations expired and on March 6, Mr. Ali had asked her to book them again. She told the newspaper she did not think Mr. Ali, who paid her in cash and booked tickets with her regularly, was linked to terrorism.

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Agencies
April 20,2020

Hong Kong, Apr 20: Oil prices collapsed to more than two-decade lows Monday as traders grow concerned that storage facilities are reaching their limits, while equities were mixed, with some support coming from signs that the coronavirus may have peaked in Europe and the United States.

US crude benchmark West Texas Intermediate briefly plunged almost 20 percent to below 15 -- its lowest since 1999 -- as stockpiles continue to build owing to a crash in demand caused by the COVID-19 pandemic.

Analysts said this month's agreement between top producers to slash output by 10 million barrels a day was having little impact on the oil crisis because of lockdowns and travel restrictions that are keeping billions of people at home.

WTI was hit particularly hard as its main US storage facilities in Cushing, Oklahoma, were filling up.

ANZ said "crude oil prices remained under pressure, as projections of weaker demand weigh on sentiment".

"Despite the OPEC+ alliance agreeing to an unprecedented cut in output, the physical market is awash with oil," it said, referring to the Organization of the Petroleum Exporting Countries and non-OPEC partners.

And AxiCorp's Stephen Innes added: "It's a dump at all cost as no one... wants delivery of oil, with Cushing storage facilities filling by the minute.

"It hasn't taken long for the market to recognise that the OPEC+ deal will not, in its present form, be enough to balance oil markets." Stock traders were in slightly more buoyant mood as governments start to consider how and when to ease lockdowns that have crippled the global economy.

Italy, Spain, France and Britain reported drops in daily death tolls and slowing infection rates.

"We are scoring points against the epidemic," said Prime Minister Edouard Philippe, while insisting "we are not out of the health crisis yet".

Meanwhile, in the US, Andrew Cuomo, governor of badly hit New York state, said the disease was "on the descent", though he cautioned it was "no time to get cocky".

Mounting evidence suggests that the lockdowns and social distancing are slowing the spread of the virus.

That has intensified planning in many countries to begin loosening curbs on movement and easing the crushing pressure on national economies.

Adding to the sense of hope was a report indicating promising research on a drug to treat coronavirus.

Hong Kong, Shanghai and Seoul were each up 0.1 percent, while Wellington added 0.4 percent.

However, Tokyo went into the break 0.9 percent lower, while Sydney and Manila dropped one percent apiece. There were also losses in Taipei, Singapore and Jakarta.

"The longer investors have to contemplate future economic issues while they wait for more countries to be on the downward slope of the pandemic curve, the more scope there is of risk assets pricing in a difficult future," Chris Iggo, of AXA Investment Managers UK, said.

Investors are keeping an eye on Washington, where Congress and the White House are working towards a 450 billion economic relief plan for small business to add to the trillions already pledged to support the economy.

Big-name companies including IBM, Netflix and Coca-Cola are due to deliver their earnings reports.

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News Network
June 2,2020

Jun 2: A new female billionaire has emerged from one of Asia's most-expensive breakups.

Du Weimin, the chairman of Shenzhen Kangtai Biological Products Co., transferred 161.3 million shares of the vaccine maker to his ex-wife, Yuan Liping, according to a May 29 filing, immediately catapulting her into the ranks of the world's richest.

The stock was worth $3.2 billion as of Monday's close.

Yuan, 49 this year, owns the shares directly, but signed an agreement delegating the voting rights to her ex-husband, the filing shows. The Canadian citizen, who resides in Shenzhen, served as a director of Kangtai between May 2011 and August 2018. She's now the vice general manager of subsidiary Beijing Minhai Biotechnology Co. Yuan holds a bachelor's degree in economics from Beijing's University of International Business and Economics.

Kangtai shares have more than doubled in the past year and have continued their ascent since February, when the company announced a plan to develop a vaccine to fight the coronavirus. They slipped for a second day Tuesday following news of the divorce terms, losing 3.1% as of 9:43 a.m. in Hong Kong and bringing the company's market value to $12.9 billion.

Du's net worth has now dropped to about $3.1 billion from $6.5 billion before the split, excluding his pledged shares.

The 56-year-old was born into a farming family in China's Jiangxi province. After studying chemistry in college, he began working in a clinic in 1987 and became a sales manager for a biotech company in 1995, according to the prospectus of Kangtai's 2017 initial public offering. In 2009, Kangtai acquired Minhai, the company Du founded in 2004, and he became the chairman of the combined entity.

China's rapidly growing economy has been an engine for the country's richest, and Du is not the only tycoon who's had to pay a steep price for a divorce. In 2012, Wu Yajun, at one point the nation's richest woman, transferred a stake worth about $2.3 billion to her ex-husband, Cai Kui, who co-founded developer Longfor Group Holdings Ltd. In 2016, tech billionaire Zhou Yahui gave $1.1 billion of shares in his online gaming company, Beijing Kunlun Tech Co., to ex-wife Li Qiong after a civil court settlement.

Sometimes, a goodbye can be time-consuming too. South Korean tycoon Chey Tae-won's wife filed a lawsuit in December asking for a 42.3% stake in SK Holdings Co. valued at $1.2 billion. That would make her the second-largest shareholder of the company should she win the case, which is still ongoing.

The most expensive divorce in history is that of Jeff and MacKenzie Bezos. The Amazon.com Inc. founder gave 4% of the online retailer to Mackenzie, who now has a $48 billion fortune and is the world's fourth-richest woman.

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News Network
March 28,2020

Berlin, Mar 28: The number of confirmed coronavirus infections worldwide topped 600,000 on Saturday as new cases stacked up quickly in Europe and the United States and officials dug in for a long fight against the pandemic.

The latest landmark came only two days after the world passed half a million infections, according to a tally by John Hopkins University, showing that much work remains to be done to slow the spread of the virus. It showed more than 602,000 cases and a total of over 27,000 deaths.

While the U.S. now leads the world in reported infections — with more than 104,000 cases — five countries exceed its roughly 1,700 deaths: Italy, Spain, China, Iran and France.

“We cannot completely prevent infections at this stage, but we can and must in the immediate future achieve fewer new infections per day, a slower spread,” German Chancellor Angela Merkel, who is in quarantine at home after her doctor tested positive for the virus, told her compatriots in an audio message. “That will decide whether our health system can stand up to the virus.”

The virus already has put health systems in Italy, Spain and France under extreme strain. Lockdowns of varying severity have been introduced across Europe. Merkel's chief of staff, Helge Braun, said that Germany — where authorities closed nonessential shops and banned gatherings of more than two in public — won't relax its restrictions before April 20.

As the epicenter has shifted westward, the situation has calmed in China, where some restrictions on people's lives have now been lifted. Six subway lines restored limited service in Wuhan, where the virus first emerged in December, after the city had its official coronavirus risk evaluation downgraded from high to medium on Friday. Five districts of the city of 11 million people had other restrictions on travel loosened after their risk factor was downgraded to low.

For most people, the coronavirus causes mild or moderate symptoms, such as fever and cough that clear up in two to three weeks. But for others, especially older adults and people with existing health problems, the virus can cause more severe illness, including pneumonia, and lead to death.

More than 130,000 people have recovered, according to Johns Hopkins' tally.

In one way or another, the effects of the COVID-19 outbreak have been felt by the powerful and the poor alike.

On Friday, British Prime Minister Boris Johnson became the first leader of a major country to test positive for the virus. He said he would continue to work from self-quarantine.

Countries are still scrambling bring home some citizens stranded abroad by border closures and a near-shutdown of flights. On Saturday, 174 foreign tourists and four Nepali nationals on the foothills of Mount Everest were flown out days after being stranded on the only airstrip serving the world's highest mountain.

In neighboring India, authorities sent a fleet of buses to the outskirts of the capital to meet an exodus of migrant workers desperately trying to reach their home villages during the world's largest lockdown.

Thousands of people, mostly young male day laborers but also families, had fled their New Delhi homes after Prime Minister Narendra Modi announced a 21-day lockdown that began on Wednesday and effectively put millions of Indians who live off daily earnings out of work.

In a possibly hopeful sign, the U.S. Food and Drug Administration cleared a new rapid test from Abbott Laboratories, which the company says can detect the coronavirus in about 5 minutes. Medical device maker Abbott announced the emergency clearance of its cartridge-based test Friday night, saying the test delivers a negative result in 13 minutes when the virus is not detected.

While New York remained the worst-hit city in the U.S., Americans braced for worsening conditions elsewhere, with worrisome infection numbers being reported in New Orleans, Chicago and Detroit.

New Orleans’ sprawling Ernest N. Morial Convention Center, along the Mississippi River, was being converted into a massive hospital as officials prepared for thousands more patients than they could accommodate.

In New York, where there are more than 44,000 cases statewide, the number of people hospitalized with COVID-19 passed 6,000 on Friday, double what it had been three days earlier.

Gov. Andrew Cuomo called for 4,000 more temporary beds across New York City, where the Jacob K. Javits Convention Center has already been converted into a hospital.

The struggle to defeat the virus will take “weeks and weeks and weeks,” Cuomo told members of the National Guard working at the Javits Center.

President Donald Trump invoked the Defense Production Act on Friday, ordering General Motors to begin manufacturing ventilators. Trump had previously rejected Cuomo's pleas for tens of thousands more of the machines and the governor's calls to implement the Korean War-era production law.

Trump signed a $2.2 trillion stimulus package, after the House approved the sweeping measure by voice vote. Lawmakers in both parties lined up behind the law to send checks to millions of Americans, boost unemployment benefits, help businesses and toss a life preserver to an overwhelmed health care system.

Dr. John Brooks of the U.S. Centers for Disease Control and Prevention warned Americans remained “in the acceleration phase” of the pandemic and that all corners of the country were at risk.

"There is no geographic part of the United States that is spared from this," he said.

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