Thursday, January 28, 2016

Heartbreak as historic Hong Kong village demolished

Heartbreak as historic Hong Kong village demolished

[HONG KONG] A 650-year-old urban walled village in Hong Kong - the last of its kind - will be destroyed to make way for development in what critics say is another nail in the coffin for the city's cultural heritage.
On a chilly morning, around 20 remaining residents of Nga Tsin Wai, an ancient settlement in the heart of bustling Kowloon, despondently packed their belongings before the wrecking ball arrives in the coming days.
There were once dozens of such villages scattered across what became the urban centre of the city - they were built by Chinese clans centuries ago, complete with moats and watchtowers to guard against intruders.
While many walled villages still remain intact on the city's rural outskirts, Nga Tsin Wai is the only one left in the heart of Hong Kong.
The village was built in 1354 and the original walls and battlements have disappeared, leaving a collection of around 50 ramshackle houses, shops and a temple, hemmed in by concrete tower blocks that have grown up around it.
Authorities argue the village is in poor condition and should make way for better quality housing units in an overcrowded city - 750 new flats will be built on the site.
Heartbroken residents say it is the only place they call home.
"The village has a long history and we have been here for a long time. But we have been given no choice but to leave," one resident, Kwok Yue-ka, told AFP.
Mr Kwok, a 52-year-old barber, held out until the eviction deadline, unhappy with the government's compensation package. Authorities warned he must leave or risk jail.
Mr Kwok said he received HK$200,000 (S$36,630) in compensation and would be moved to temporary housing.
"I have treated this as my only home. I have lived here for 20 years. Now the future is uncertain. I feel frustrated," he said.
The destruction of historic buildings, old communities and street markets across Hong Kong has drawn widespread criticism in recent years.
The last decade has seen the demolition of the landmark Queen's Pier, built during the British colonial era, swept away for a bypass and harbourfront development.
An entire street in the Wan Chai neighbourhood - known as "wedding card street" for the abundance of shops selling traditional Chinese wedding invites - was demolished to make way for residential development and luxury stores.
The government is under pressure to find space for 400,000 new housing units in the next 10 years to remedy the shortage of affordable homes as property prices have skyrocketed.
But while there is a pressing need for more accommodation, district councillor Paul Zimmerman, an advocate of sustainable urban planning, said Hongkongers were beginning to question the sacrifices made.
"How do you balance the (economic) gains and the impact on individuals? How do you maintain these areas without destroying the local culture?" asks Zimmerman.
"We have to take a more careful approach." The Urban Renewal Authority, overseeing the redevelopment of Nga Tsin Wai walled village, described it as "decrepit" and said only a small number of villagers would be affected.
"The living conditions are poor due to the lack of proper maintenance and sanitation facilities," a spokeswoman told AFP.
She said current residents did not have the legal right to live there because the land is owned by the government, adding that some elements would be preserved, including the village temple.
But campaigners say it is not just about bricks and mortar as the social fabric and way of life of the village disappears.
"Culture is cultivated by people who live there. Without the people the area is dead even if the buildings are splendid," Ho Chi-fung of Grassroots Housing Rights Alliance, a concern group for the housing needs of underprivileged Hong Kong residents, told AFP.
Residents have gradually moved away from the village over the past 20 years and empty houses have been knocked down, but a small community remained, including a Chinese medicine pharmacy, barber shops and handcraft sellers.
"We are losing a tradition... It will only become a money-making project," said a knife-maker, surnamed Fan, who recently moved out, ahead of the demolition.
Another resident in her 40s, surnamed Han, who works as an office clerk, said her family memories would disappear with the final demolition.
Her father ran a home accessories shop in the village in the 1980s, and the family of 10 lived above it.
"A lot will be missed," she said.
"The house may be small, but I grew up here."
AFP

Chinese ship to join Australia-led search for MH370

Chinese ship to join Australia-led search for MH370

[SYDNEY] A Chinese ship is set to join the search for Malaysia Airlines MH370, Australia's deputy prime minister said on Friday, as the jet's fate remains a mystery almost two years after it vanished.
The Dong Hai Jiu 101 will join three other vessels contracted from Dutch firm Fugro - Fugro Discovery, Fugro Equator and Havila Harmony - currently scouring the depths of the southern Indian Ocean off Western Australia where the plane is believed to have crashed after diverting from its flight path.
Carrying 239 passengers and crew, the plane disappeared during a Kuala Lumpur-Beijing flight on March 8, 2014.
So far, only a 2m-long flaperon wing part that washed up on a beach on the Indian Ocean island of Reunion in July has been confirmed to have come from aircraft.
"The ship, offered to Prime Minister Malcolm Turnbull by Premier Li Keqiang of the People's Republic of China in November 2015, will undertake search operations in the southern Indian Ocean," Deputy Prime Minister Warren Truss said in a statement.
"The total value of the contribution by the People's Republic of China, including the ship, is around A$20 million (S$20.25 million)."
Mr Truss said the Chinese vessel would be equipped with a 6km long towed sonar system, which searchers will use to take a closer look at the rugged seabed.
Dong Hai Jiu 101 is set to depart Singapore for Australia on Sunday and join the hunt - which has so far covered 85,000 sq km of the 120,000 sq km search zone - in late February, Mr Truss added.
Australian authorities have said that if after the 120,000 sq km is scoured and there are no new leads to pinpoint the location of the missing aircraft, the search zone would not be expanded.
Relatives of those aboard MH370 have bitterly criticised the airline and the Malaysian government for failing to provide answers, while the disappearance has become one of aviation's greatest riddles and spawned numerous conspiracy theories.
AFP

Update: Changi Airport welcomes United Airlines' launch of direct flight to San Francisco

Update: Changi Airport welcomes United Airlines' launch of direct flight to San Francisco

By
nishar@sph.com.sg@Nisha_BT
CHANGI Airport Group (CAG) has welcomed United Airlines' (UA) plan to launch non-stop services between Singapore and San Francisco from June this year, which will make it the only carrier to currently serve the US directly from here.
Singapore Airlines (SIA), which is the launch customer for the new A350-Ultra Long Range aircraft, will restart direct flights to New York and Los Angeles only from 2018 using the fuel-efficient aircraft. SIA pulled the plug on its direct services in 2013, due to high oil prices and softer demand for its all-Business Class product.
The inaugural SFO-SIN flight will take off on June 1, with the return flight departing from Changi Airport on June 3.
UA will operate a 252-seat Boeing 787-900 Dreamliner aircraft in a two-class configuration.
The total flight times of 16 hours and 20 minutes westbound, and 15 hours and 30 minutes eastbound, cut travel time by up to four hours each way. UA currently operates a one-stop service via Narita Airport in Tokyo.
With the new United service, Singapore will be linked to the United States, with 54 weekly services connecting to six American cities.
Point-to-point traffic between the United States and South-east Asia has also grown steadily over the past three years, said airport operator CAG. Over 4.9 million passengers travelled between these two regions in the year ended November 2015, up 29 per cent from the corresponding period three years ago.
With the launch of non-stop flights, UA will cease its service between Singapore and Tokyo from June 2. The airline will continue to operate its daily service between Singapore and Chicago, via Hong Kong.
Lim Ching Kiat, CAG's senior vice-president (market development), said: "Singapore and the US enjoy strong trade flows and business ties, with many US MNCs basing their Asian or regional headquarters in Singapore. It will bring greater convenience especially to business travellers, who can use United's hub in San Francisco to connect to 26 major US cities, such as Seattle, Las Vegas and Denver. The new service would also potentially bring more US tourists to Singapore."
According to UA, the Singapore-San Francisco service will be the longest scheduled 787 flight operated by any airline at 13,593 kilometres.
Flight UA2 will depart Changi Airport at 8.45am daily, arriving at San Francisco International Airport at 9.15am the same day. The return flight, UA1, will depart San Francisco at 11.25pm daily, arriving in Singapore at 6.45am two days later (local time).
United has timed the new flights so passengers can connect at San Francisco for onward services throughout the US, Canada and Latin America. With this new service, United will provide a one-stop service between Singapore and more than 40 US cities, including over 25 cities that do not have one-stop service from Singapore currently.

BOJ shocks markets with negative interest rates move

BOJ shocks markets with negative interest rates move

[TOKYO] The Bank of Japan on Friday shocked financial markets by adopting negative interest rates to forestall risks that global market volatility could damage business confidence and revive a deflationary mindset.
In a 5-4 vote, the central bank decided to charge 0.1 per cent interest on current accounts that financial institutions hold at the BOJ. "The BOJ will cut interest rates further into negative territory if judged as necessary," the BOJ said in a statement announcing the decision.
BOJ Governor Haruhiko Kuroda will hold a news conference at 3.30pm. (0630 GMT) to explain the policy move.
REUTERS

Taiwan falls into recession, posts slowest growth in six years

Taiwan falls into recession, posts slowest growth in six years

[TAIPEI] Taiwan sank into recession in October-December, data showed Friday, posting its slowest annual growth in six years, with weak international demand and greater competition from China hitting the export-dependent island.
The growth rate of 0.85 per cent in 2015 missed an earlier official forecast of 1.06 per cent.
The full-year figure was dragged down by an unexpected contraction in the three months through December, the second straight quarter of declines that meets the definition of a technical recession.
"Inventories of electronic products continue to be digested, affected by weak global growth," the Directorate General of Budget, Accounting and Statistics said in a statement.
It also cited the rise of technology manufacturing - a key sector for Taiwan - in China and declines in raw materials as factors for the struggling economy.
Taiwan's economic woes come as China's economy last year slowed to 6.9 per cent, its weakest annual rate in 25 years.
China is Taiwan's biggest export market, accounting for a quarter of products shipped.
Exports fell by a 10th last year, with sales to China dropping 12.3 per cent from the previous year.
The government has been trying to spur the economy, cutting its key interest rate twice in the last two quarters and pushing a stimulus package to boost consumer spending.
Taiwanese frustrated at the anaemic economy this month elected Tsai Ing-wen from the main opposition party as the island's new leader, setting the stage for frostier ties with the mainland.
Current president Ma Ying-jeou, who was elected on a platform of greater engagement with China, has seen his popularity hit record lows due to his policies failing to translate into higher salaries and better job prospects.
AFP

Cameron to meet Juncker as 'Brexit' talks close in on deal

Cameron to meet Juncker as 'Brexit' talks close in on deal

[BRUSSELS] British Prime Minister David Cameron and European Commission chief Jean-Claude Juncker will try to thrash out a deal on migrant benefits on Friday in a final push for a reform deal to keep Britain in the EU.
The European Union is expected to make its proposals on Monday in time to reach an agreement at a crunch summit in February, which would then allow Cameron to hold a referendum on membership of the 28-nation bloc in June.
In a sign of the urgency of the talks, Mr Cameron cancelled a visit to Denmark and Sweden to hold Friday's working lunch with Mr Juncker, while he will also have a hastily-arranged dinner with EU president Donald Tusk in London on Sunday.
The talks with Mr Juncker - the head of the EU's powerful executive, which would initiate any legislation needed for the deal - are expected to focus on Mr Cameron's demands for a four-year limit before EU workers in Britain can claim welfare payments.
An emergency "migration brake" that would allow Britain to put limits on immigration or on welfare payments for EU migrants is one of the options that the EU is examining, diplomatic sources have told AFP.
Asked about the "brake" plan, Mr Cameron said on Thursday night during a visit to the Scottish city of Aberdeen: "I'm glad that others in Europe are now taking on board this issue and looking at strong alternatives to the proposal I put forward." "What's good is that others in Europe are bringing forward ideas to address this problem so we have better control of movement of people into our country," he added.
Many EU states have rejected what they say are discriminatory calls by centre-right Conservative party leader Cameron - who was re-elected in May - for a limit on benefits in a union that prizes freedom of movement.
Officials say Mr Cameron's other demands are likely to be easier: safeguards against more political integration in the EU, protection of countries that do not use the euro currency - a key issue for the City of London financial district - and the boosting of economic competitiveness.
Mr Tusk's office said the former Polish premier would finalise his proposals for a deal to avoid a so-called "Brexit" from the EU after his meeting with Mr Cameron on Sunday, which would cover all four areas.
Mr Tusk is likely to table his proposals on Monday, European sources told AFP.
Mr Cameron set them out to other EU leaders at a summit in December in which senior European officials said he had made a convincing case, overcoming last minute objections by a handful of countries.
France has however appeared sceptical in recent weeks, with Prime Minister Manuel Valls warning at the Davos forum last week that a deal was unlikely at the February summit.
But Downing Street insisted the flurry of last-minute talks with top EU officials - he is also due to meet German Chancellor Angela Merkel in Hamburg on February 12 - were "absolutely" a positive development.
These meetings are "further evidence of the desire to continue the renegotiations to work towards getting that best possible deal for the British people," Mr Cameron's spokesman said.
"If we don't get it in February, we'll wait until the next time," he said.
The following EU summit is in March but British officials have said that is likely to be too late to allow preparations for a referendum in June, which is believed to be Mr Cameron's preferred date.
Mr Cameron has openly said that he will have the vote before the end of 2017, but the longer he waits the more he is at the mercy of events in a bloc threatened by an unprecedented migration crisis, and by rifts in his own party over Europe.
The British premier has said his ministers will be allowed to campaign for or against EU membership in the referendum, but key eurosceptic figures such as London Mayor Boris Johnson are apparently set to back Cameron despite their doubts.
Several British business leaders have warned of the economic dangers of leaving the EU.
Opinion polls show the electorate is roughly split between voters wanting to leave the EU and those who want to stay.
AFP

Asia: Stocks jump, yen weakens as BOJ stuns with negative rates

Asia: Stocks jump, yen weakens as BOJ stuns with negative rates

[SYDNEY] Asian shares jumped on Friday and the yen swooned after the Bank of Japan stunned markets by adopting negative interest rates in its boldest step yet to reinflate the long-languishing economy.
The yen fell across the board and sovereign bonds rallied after Japan's central bank said it would charge 0.1 per cent for excess reserves parked with the institution, an aggressive policy pioneered by the European Central Bank.
It also said rates could go even more negative if needed to ensure inflation gravitated to its long-held, and often missed, target of 2 per cent.
The move came as a major surprise to investors, who had thought policy makers too cautious to ever adopt such radical measures. The reaction was immediate with the dollar surging over two yen to 121.14.
The dollar was up 0.44 per cent against a basket of currencies, while the euro eased back to US$1.0911.
Japan's Nikkei share index extended early gains to rise 3.4 per cent, and lifted bourses across the region. MSCI's broadest index of Asia-Pacific shares outside Japan jumped 1.3 per cent.
The Shanghai benchmark rose 2.0 per cent, attempting to bounce from steep losses early in the week.
The buying spread to US debt markets as investors wagered the BOJ decision would make it even harder for the Federal Reserve to hike rates four times this year, as originally envisioned by its policy board.
Fed fund futures 0#FF: rose to imply a rate of 51 basis points by year end, compared to 90 basis points a month ago.
Futures for US 10-year bonds 0#TZY: rose 5 ticks.
The promise of extra global stimulus gave an added fillip to oil, which had already risen for three sessions on talk of a possible deal to pare back excess supply.
US crude was up a further 35 cents at US$33.55 per barrel, while Brent futures firmed 36 cents to US$34.25.
The semblance of stability in oil combined with some solid company results to lift Wall Street. The Dow gained 0.79 per cent, while the S&P 500 added 0.55 per cent and the Nasdaq Composite 0.86 per cent.
Facebook surged 15.5 per cent in its biggest one-day leap since 2013 after smashing expectations, while Alphabet climbed 4.28 per cent.
Microsoft rose 4.5 per cent in late trading after beating forecasts, but Amazon slumped 12 per cent as profits missed analysts' estimates by a wide margin.
REUTERS

Hong Kong, Shanghai: Shares slip at open

Hong Kong, Shanghai: Shares slip at open

[HONG KONG] Hong Kong shares opened lower on Friday following a two-day advance, while Shanghai also edged down as investors brushed off a positive lead from Wall Street, Hong Kong's Hang Seng Index lost 0.30 per cent, or 57.41 points, to 19,138.42.
The Shanghai Composite Index slipped 0.11 per cent, or 2.81 points, to 2,652.85, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, slipped 0.26 per cent, or 4.22 points, to 1,624.85.
AFP

Indonesia has not yet issued new export permit to Freeport: govt official

Indonesia has not yet issued new export permit to Freeport: govt official

[JAKARTA] Indonesia has not yet issued a new export permit to the local unit of US copper miner Freeport McMoRan Inc, trade ministry officials said on Friday.
Freeport's six-month export permit for its unit expired on Thursday and it was unclear how soon a new one would be issued as the two sides have yet to resolve a government demand that the US firm first pay a US$530 million deposit.
"Without an export permit, there can be no exports. The exporter knows that," Didi Sumedi, director of mining and industrial products told Reuters via text message.
The trade ministry was waiting for the Energy and Mineral Resources Ministry to provide a recommendation for the permit to be issued, Karyanto Suprih, acting Director General of Foreign Trade at the Trade Ministry, told Reuters by text.
REUTERS

Flatshare website highlights London housing 'crisis'

Flatshare website highlights London housing 'crisis'

[LONDON] The founder of a flatshare website is opening up his own plush London home to lodgers paying whatever they can afford in a bid to help ease the pressure on London housing.
Rupert Hunt, founder of SpareRoom.com, said he hoped that by taking in his own lodgers, others would be inspired to do so, helping ease demand for housing in Britain's capital.
His firm puts the price of average monthly room rent in London at £710 (S$1,455) per month.
"Demand has increased massively. At the moment it's not unusual to see 10 or 12 people for every room especially in some parts of London," Mr Hunt told AFP.
Demand for Mr Hunt's two spare rooms has not been slack.
His house in the trendy Spitalfields part of the British capital has a music room, a garden room and a "disco lounge" and comes with two stuffed peacocks.
"I've been pretty overwhelmed by the response, it's been incredible. I've had over 7,000 applications," he said.
"In England there's something like 19 million spare rooms, empty rooms and if we just convinced three per cent of that to take a lodger that's the size of a small city in extra housing."
Official figures from November showed the average London house price was £506,724 (S$1.04 million), compared to £186,325 across the whole of England and Wales.
The price of housing is likely to be a major issue in May's London mayoral election, which will decide who replaces Conservative Boris Johnson in the job.
At a debate on Thursday, the two leading contenders, Conservative Zac Goldsmith and Labour's Sadiq Khan, both spoke of the issue.
Mr Goldsmith called the situation a "crisis" and said transport links must be improved to "reflect the reality of more and more people living on the outskirts of London".
Mr Khan vowed to build more "genuinely affordable homes" within London and clamp down developers selling property to investors in the Middle East and Asia.
AFP

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