Kachin rebels see more Myanmar attacks, no hope for peace

December 28, 2016

Laiza (Myanmar), Dec 28: Ethnic Kachin rebels long at war with Myanmar troops say the government has only escalated fighting since Aung San Suu Kyi took over as leader, crushing the hopes that had led many ethnic minorities to support her party and leaving them with no confidence in the peace process that Suu Kyi has identified as a priority.myanmer

Rebels and observers say government offensives including airstrikes have increased since Suu Kyi and her National League for Democracy party took control in March. Suu Kyi's government has said little about the attacks, and the Kachin Independence Organisation accuses her of cooperating with the military.

"Suu Kyi tried so hard to gain this power for many years and she needs to make deals with the military in order to sustain her power," said La Nan, the chief spokesman of the KIO.

Rebels say they have been hit with airstrikes in areas of northern Shan and Kachin states including Mongo, a Shan town that was heavily bombed and suffered an unknown number of civilian casualties. Other fighting has occurred in Hpakant, center of Myanmar's lucrative jade-mining region, and Laiza, headquarters of the KIO.

Suu Kyi, who serves as state counselor and foreign minister but effectively rules Myanmar, faces high expectations from ethnic groups and the international community.

As opposition leader, the Nobel Peace laureate was held under house arrest by the former junta for years, but her landslide election victory in November 2015 ended more than half a century of military control.

Though she has called the peace process her top priority, many local and international political analysts do not see significant achievements since the NLD came to power, and say she has failed to cooperate enough with ethnic leaders.

"National reconciliation cannot be built only between the government and the military," said Yan Myo Thein, a prominent Myanmar political analyst. "There must be negotiation between ethnic parties, armed groups, the military and the government."

Ethnic Burmans form a majority in Myanmar, also known as Burma, but ethnic minorities make up about 40 per cent of the population. Some of those groups have fought for greater autonomy for decades.

Suu Kyi held a peace conference in late August attended by representatives of 17 of the 20 major ethnic groups, including the Kachin.

The conference was intended to build on a ceasefire agreement that ethnic groups insist include a political solution to their longstanding demands. Ethnic leaders have asked for political dialogue, but the peace conference met few of their expectations, and some may drop out of the next round, expected in February.

The conference was dominated by short speeches from a wide range of stakeholders, leaving little time for more significant discussion.

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News Network
March 21,2020

Beijing, Mar 21: China reported no domestically transmitted coronavirus cases for the third consecutive day even as seven more fatalities have been confirmed, taking the death toll in the country to 3255.

No new domestically transmitted cases of COVID-19 were reported on the Chinese mainland for the third day in a row on Friday, China's National Health Commission (NHC) said on Saturday.

The overall confirmed cases on the mainland had reached 81,008 by the end of Friday, which included 3,255 who died, 6,013 patients still undergoing treatment, 71,740 patients who had been discharged after recovery, the NHC said.

The NHC said 41 new confirmed COVID-19 cases were reported on the Chinese mainland on Friday from the people arriving from abroad, taking the total number of imported cases to 269.

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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
June 4,2020

Beijing, Jun 4: Around 40 students and staff members of a primary school in China were stabbed by a security guard, official media reported today.

The incident happened at a school in China's Guangxi province, state-run China Daily said in a brief report.

Further details about the attack are awaited.

Knife attacks by disgruntled people have been taking place in different parts of China in the past few years, reported news agency Press Trust of India.

The attackers targeted mainly kindergarten and primary schools besides public transport, the news agency reported.

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