More than 500 injured after fire breaks out following explosion in Taiwan water park

June 28, 2015

Taipei, Jun 28: More than 500 people have been injured following an explosion at a water park outside Taiwan's capital Taipei after coloured powder being sprayed onto a crowd ignited.

taiwan blast

Government officials said 516 people had been injured, 194 of them seriously, with more than 400 still in hospital.

"Our initial understanding is this explosion and fire ... was caused by the powder spray. It could have been due to the heat of the lights on the stage," said a spokesman for the New Taipei City fire department.

The injured more than doubled on Sunday after authorities tracked down hundreds of victims who took themselves to hospital, or were taken by others in the crowd.

Four of them are from the Chinese mainland and two are foreigners, health authorities said.

The blast happened as hundreds were reported to have gathered for a colour party at the coastal Formosa Fun Coast water park — a festival of dance and music where revellers are sprayed with clouds of coloured powder.

One male witness told local news channel CTI the fire started on the left side of the stage.

"At the beginning I thought it was part of the special effects of the party but then I realised there was something wrong and people started screaming and running."

One male student who sustained minor injuries described the scene as "hell".

"There was blood everywhere, including in the pool where lots of the injured were soaking themselves for relief from the pain," he told reporters.

His visibly shaken girlfriend added: "I saw lots of people whose skin was gone."

The fire was quickly extinguished, officials said.

Police said event manager Lu Chung-chi and four other event workers had been detained.

"They will be transferred to prosecutors for further investigation on charges of offences against public safety and negligence of duties that caused severe injuries," said New Taipei police spokesman Yen Po-ren.

Inhaled powder caused internal burns

Television images showed the stage on fire and crowds running away some of them only dressed in swimwear and covered in coloured powder.

Trails of bloody footprints leading away from the stage remained in the aftermath of the inferno, a reporter at the scene said.

Media reports said some victims had suffered burns to more than 40 per cent of their bodies.

A doctor treating 41 victims at one hospital in Taipei said 17 of them were "seriously burned".

"They all had respiratory system damage," he said.

Taipei health official Lee Lih-jong said the severely wounded were being treated in intensive care units at 37 different hospitals.

"The reason why the burns were so severe was that in addition to burns to the skin, there were also injuries caused by burns to the respiratory organs from the large amount of colour powder inhaled," he said.

"The next 24 hours will be critical for those severely injured."

Fire agency officials said it had been difficult for ambulances to access the site with many having to be carried away on stretchers.

"We feel sad and regretful about the accident," New Taipei mayor Eric Chu said.

"I've ordered the park to shut down immediately and be placed under a rigorous investigation."

taiwan blast 1

taiwan blast 2

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News Network
July 4,2020

Maryland, Jul 4: The total number of coronavirus cases worldwide has touched 11 million, according to the latest data by the Johns Hopkins University on Saturday.
More than 523,613 people have died globally due to the infection, according to the data compiled by the university.

Though the virus is believed to have emerged from the Chinese city of Wuhan, the United States is the worst-hit country from COVID-19, which was declared as a pandemic by the WHO on March 11.

At least 129,275 people have died in the US from the coronavirus, according to Johns Hopkins University's latest tally.
There are at least 2,786,178 cases of the disease in the country. The US has the highest number of cases in the world.

The second worst-hit country is Brazil, which has reported 1,496,858 lakh cases. The country's death toll stands at 61,884.

The countries around the world including the US, India, Denmark, and Italy have started the process of lifting the lockdown by easing restrictions despite the number of cases continues to rise.

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News Network
March 2,2020

Paris, Mar 2: A global agency says the spreading new virus could make the world economy shrink this quarter, for the first time since the international financial crisis more than a decade ago.

The Organization for Economic Cooperation and Development says Monday in a special report on the impact of the virus that the world economy is still expected to grow overall this year and rebound next year.

But it lowered its forecasts for global growth in 2020 by half a percentage point, to 2.4 per cent, and said the figure could go as low as 1.5 per cent if the virus lasts long and spreads widely.

The last time world GDP shrank on a quarter-on-quarter basis was at the end of 2008, during the depths of the financial crisis. On a full-year basis, it last shrank in 2009.

The OECD said China's reduced production is hitting Asia particularly hard but also companies around the world that depend on its goods.

It urged governments to act fast to prevent contagion and restore consumer confidence.

The Paris-based OECD, which advises developed economies on policy, said the impact of this virus is much higher than past outbreaks because "the global economy has become substantially more interconnected, and China plays a far greater role in global output, trade, tourism and commodity markets."

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News Network
July 27,2020

Tokyo, Jul 27: Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe-haven assets, although sentiment was mixed with tech gains supporting some Asian stocks.

MSCI's ex-Japan Asia-Pacific index rose 1.3 percent as Taiwan's TSMC, Asia's third-largest company by market capitalisation, rose almost 10 percent.

The chipmaker's gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7-nanometer chip technology.

Also soothing sentiment, Chinese shares eked out gains after big falls late last week, with CSI300 index rising 0.5 percent.

S&P500 futures were last up 0.4 percent in choppy trade while Japan's Nikkei fell 0.5 percent, resuming trade after a long weekend and catching up with falls in global shares late last week.

Global shares had lost steam last week after Washington ordered China's consulate in Houston to close, prompting Beijing to react in kind by closing the US consulate in Chengdu.

US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use "more creative and assertive ways" to press the Chinese Communist Party to change its ways.

"US President (Donald) Trump used to say China's President Xi Jinping is a great leader. But now Pompeo's wording is becoming so aggressive that markets are starting to worry about further escalation," said Norihiro Fujito, chief investment strategist at Mitsubishi Securities.

Gold rose 1.0 percent to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe-haven assets, especially those not tied to any specific country.

The yellow metal is also helped by aggressive monetary easing adopted by many central banks around the world since the pandemic plunged the global economy into a recession.

Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.

MORE STIMULUS

Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.

That means the economy could capitulate without fresh support from the government, with some of earlier steps such as enhanced jobless benefits due to expire this month.

Investors hope US Congress will agree on a deal before its summer recess but there are some sticking points including the size of the stimulus and enhanced unemployment benefits.

US Treasury Secretary Steve Mnuchin said the package will contain extended unemployment benefits with 70 percent "wage replacement".

Democrats, who control the House of Representatives, want enhanced benefits of $600 per week to be extended and look to much bigger stimulus compared with the Republicans' $1 trillion plan.

Investors are looking to corporate earnings from around the world for hints on the pace of recovery in the global economy.

"It looks like rising coronavirus cases are starting to slow down recovery in many countries," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.

Concerns about the US economic outlook started to weigh on the dollar, reversing its inverse correlation with the economic well-being over the past few months.

The dollar index dropped 0.3 percent to its lowest level in nearly two years.

The euro gained 0.3 percent to $1.1693, hitting a 22-month high of $1.16590 as sentiment on the common currency improved after European leaders reached a deal on a recovery fund in a major step towards more fiscal co-operation.

Against the yen, the dollar slipped 0.5 percent to 105.605 yen, a four-month low while the British pound hit a 4 1/2-month high of $1.2832.

Oil prices dipped on worries about the worsening Sino-US relations.

Brent futures fell 0.46 percent to $43.14 per barrel while US crude futures lost 0.44 percent to $41.11.

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