Kim Jong Un, The Princeling Taking A Diplomatic Turn

Agencies
March 28, 2018

Seoul, South Korea, Mar 28:  Six years after inheriting power from his father, Kim Jong Un has established his authority domestically, taken North Korea to unprecedented nuclear heights, and is now looking to flex his muscles abroad.

Kim's shock visit to Beijing -- traditionally Pyongyang's strongest backer, although the relationship has soured during his time in power -- is the first time he is known to have set foot outside the impoverished North since he assumed the leadership.

But Kim, who is in his mid-thirties, has repeatedly shown an ability to stamp an outsized footprint on the global stage without ever leaving home.

The third member of the Kim dynasty to rule the North, he has turned his country into a bona fide nuclear power with intercontinental ballistic missiles he says can reach across the globe, including the United States -- with state media regularly picturing him overseeing launches.

And he secured a major diplomatic breakthrough for his ostracised regime earlier this month when US President Donald Trump said he would be willing to hold summit talks with the young leader.

It is a marked contrast to the situation when he took over in his 20s, when he was considered untested, vulnerable and likely to be manipulated by senior figures in an opaque and ruthless country.

But he has proved his mettle in dealing harshly -- sometimes brutally -- with any sign of dissent, even at the highest levels, while maintaining an aggressively provocative stance with the international community.

Rivals purged

At home Kim has amassed absolute control over both the party and the military, at times ruthlessly purging potential rivals.

The most senior victim was his uncle and mentor Jang Song Thaek, who was suddenly executed in 2013, denounced by state media as "despicable human scum" and proclaimed guilty of a variety of colourful crimes and political sins.

Then there was the brazen daylight assassination last year of his half-brother Kim Jong Nam, sprayed with a deadly nerve agent as he walked through Kuala Lumpur's international airport, in a hit most analysts say could only have come from Pyongyang.

Rights groups say abuses are rampant in the North, where between 80,000 and 120,000 prisoners languish in political prison camps.

But Kim has also been keen to project a softer side, at least in official propaganda.

Unlike his father, who rarely smiled or spoke in public, the carefully vetted images of Kim Jong Un's heavily choreographed appearances show a more garrulous figure, laughing and joking with officers, soldiers and civilians during field trips, as well as giving speeches to packed halls of party functionaries.

He has noticeably modelled his image on that of his grandfather Kim Il Sung, appearing to mimic his hairstyle, dress, mannerisms and public speaking style.

Lap of luxury

But unlike the North's founder, whose youth was dominated by the anti-Japanese struggle, Kim Jong Un has led a life of luxury.

He was born to his father's third wife, Japan-born ethnic Korean dancer Ko Yong Hui, who is believed to have died of breast cancer in 2004.

Much of his early history is still surrounded in mystery -- so much so that even his precise date of birth is unclear.

Kim was sent to school in Switzerland, where he was looked after by his maternal aunt Ko Yong Suk and her husband.

School staff and friends, who were reportedly unaware that he was a member of North Korea's ruling family, remembered him as a shy boy who liked skiing, Hollywood tough guy Jean-Claude Van Damme and basketball.

He is said to have known that he would become North Korea's leader from his eighth birthday, when he received a general's uniform and the country's military top brass bowed to him.

But Kim only entered the public eye in 2008 when his father suffered a stroke and Pyongyang revved up plans for the nation's second dynastic succession.

Pyongyang is extremely sensitive and protective when it comes to the image of the ruling family, and Kim's father and grandfather are ubiquitous, their portraits adorning every home and office in the country while their bodies lie in state at the capital's Kumsusan Palace.

Despite his overseas education, Kim Jong Un is not known to have made any previous foreign trips since coming to power, and the most prominent American he has met is his basketball idol Dennis Rodman, who has made multiple visits to Pyongyang.

That makes Kim's journey to Beijing a diplomatic "coming out" ahead of planned summits with Trump and South Korea's President Moon Jae-in.

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News Network
June 5,2020

Karachi, Jun 5: Pakistan's coronavirus cases rose to 89,249 on Friday after a record 4,896 new infections were detected in the country, while the death toll due to COVID-19 has reached 1,838, according to the health ministry.

The Ministry of National Health Service said that 68 patients died in the last 24 hours, taking the death toll to 1,838, whereas another 31,198 people have recovered.

It was the third consecutive day when a record number of cases were reported in Pakistan after the Eid holidays and easing of lockdown restrictions at the end of May.

Sindh province reported 33,536 infections, Punjab 33,144, Khyber-Pakhtunkhwa 11,890, Balochistan 5,582, Islamabad 3,946, Gilgit-Baltistan 852 and Pakistan-occupied Kashmir 299.

The authorities have conducted 638,323 tests, including a record 22,812 tests in the last 24 hours, the ministry said.

Despite the spike in number of COVID-19 cases, both houses of parliament are scheduled to meet separately on Friday. The Senate session started this morning while the National Assembly will be held in the afternoon, Radio Pakistan reported.

Chairman Senate Sadiq Sanjrani and Speaker National Assembly Asad Qaiser at a meeting at the parliament house in Islamabad reviewed arrangements made for the two sessions.

Fumigation was also carried out in the parliament house for the safety of the lawmakers and staff.

Earlier, the Opposition rejected the idea of virtual meetings and insisted that the sessions be held in person, noting that it was an important session of parliament because the budget is expected to be presented in the National Assembly in the next week.

The novel coronavirus which first originated from China's Wuhan city in December last year has claimed 391,249 lives and has infected over 6 million people globally, according to Johns Hopkins University data.

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News Network
March 6,2020

New Delhi, Mar 6: As panicky depositors rushed to withdraw money from Yes Bank whose control was seized by the RBI in a dramatic late-night move, Finance Minister Nirmala Sitharaman on Friday assured depositors that their money is safe and said the central bank was working for an early resolution of the crisis.

The Reserve Bank of India (RBI) on Thursday evening capped withdrawals at Rs 50,000 for the next one month and imposed strict limits on operations at the country's fourth-largest private lender that faced "regular outflow of liquidity" after an effort to raise new capital failed.

"I am in continuous interaction with the RBI. The RBI is fully seized of the matter and has assured they will give a quick resolution," Sitharaman said here.

She said no depositor will lose his or her money and insisted that the immediate priority is to ensure Yes Bank customers are able to withdraw money within the stipulated cap.

"I want to assure every depositor that their money shall be safe. Their monies are safe," she said. "I am constantly in contact with the RBI and the steps that are taken are taken in the interest of depositors, banks and economy. We are fully seized of the development."

She was talking to reporters after meeting State Bank of India (SBI) Chairman Rajnish Kumar. On Thursday, the SBI board gave its "in-principle" approval to exploring investment opportunities in Yes Bank.

"So I repeat, the depositors can be assured that their money is safe," she said.

Soon after the RBI takeover, depositors thronged Yes Bank ATMs to withdraw money and police had to be deployed in some places to control the crowds.

Yes Bank has 1,000 branches across the country.

Refusing to elaborate on her meeting with the SBI chairman, the minister said that "was on a completely different matter".

"RBI governor has given me assurance that there will be an appropriate resolution soon. No depositor will lose (money)," she said. "Reserve Bank has taken cognizance of the problem."

The central bank, she said, has gone through the "process over and over again to find out an amicable solution".

"And that has been over the last couple of months. So it is not as if they have come in suddenly now. We have been monitoring the situation," she said adding the RBI has appointed an administrator who previously was with the SBI.

"Both the RBI and the government are looking at this with all the details before them, not just today. I have personally monitored the situation over the last couple of months with the RBI. Therefore we have taken a course which will be in everybody's interest," she added.

Yes Bank had been seeking new capital since last year to bolster its ratios and quell questions about its stability due to its exposure to the non-banking finance industry entangled in a prolonged crunch in the local credit market.

The SBI chairman said the resolution to the Yes Bank crisis will come "very shortly".

"This is not a sectoral problem. It is a bank-specific problem," he said. "The RBI will take all steps to ensure financial stability."

On SBI picking up a stake in Yes Bank, he said the lender already has an in-principle approval for doing so.

"If SBI has to pick up a stake in Yes Bank, we have an in-principle approval for that," he said.

Commenting on the crisis at Yes Bank, Alka Anbarasu, Vice President – Senior Credit Officer, Financial Institutions, Moody's Investors Service, said: "RBI's moratorium on Yes Bank is credit negative as it affects timely repayment of bank depositors and creditors."

"While Moody's expects Indian authorities will take steps to prevent the weakness in the bank's viability from significantly impacting its depositors and senior creditors, the lack of a coordinated and timely action highlights continued uncertainty around bank resolutions in India," she said.

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News Network
March 18,2020

Dubai, Mar 18: Emirates, one of the world's biggest international airlines, has asked pilots to take unpaid leave to help it mitigate the impact of the coronavirus pandemic that has shattered demand for global travel.

"To this end you are strongly encouraged to make use of this opportunity to volunteer for additional paid and unpaid leave," the airline said in an internal email to pilots, seen by Reuters.

Emirates earlier this month asked some staff to take unpaid leave, although at that time it was not available to pilots.

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