Friday, January 1, 2016

Macau gambling revenue tumbles for second year in row

Macau gambling revenue tumbles for second year in row

[HONG KONG] Gambling revenue in the Chinese territory of Macau fell for the second year in a row in 2015 as a prolonged anti-corruption campaign and slowing economic growth battered the world's largest casino hub.
Gambling revenue fell 34.3 per cent to 230.84 billion patacas (S$41 billion) last year, government data showed on Friday.
December revenue dropped 21.2 per cent from a year earlier to 18.3 billion patacas, the 19 straight month of declines.
Analysts were expecting a drop of about 35 per cent for the full year.
Only two years ago, China's only legal casino hub was booming, with gaming revenues more than seven times those in Las Vegas and shares in the Hong Kong-listed gaming companies tripling in value.
REUTERS

PM Abe pledges to keep Japan out of war

PM Abe pledges to keep Japan out of war

[TOKYO] Japanese Prime Minister Shinzo Abe on Friday promised he will keep his nation out of war following the introduction of contentious new security legislation, a day after China announced it is building its second aircraft carrier.
In September parliament in the officially pacifist nation passed security bills opening the door for Japanese troops to engage in combat overseas for the first time since the end of World War II.
The legislation was met with strong public resistance at home with tens of thousands taking part in street protests, while also fuelling anger in China and on the Korean peninsula.
Critics have warned that the changes could see Japanese troops dragged into far-flung foreign conflicts similar to the US invasions of Iraq or Afghanistan.
"Under the new legislation for peace and security, we will prevent war by taking all possible preparations for any circumstances," Mr Abe said in a New Year's message.
"We have successfully built a foundation for handing down a peaceful Japan to the generations of our children and grandchildren."
Mr Abe's message came a day after China announced it was building its second aircraft carrier, which will have a displacement of 50,000 tonnes and carry China's indigenous J-15 aircraft along with other planes.
Beijing has rapidly expanded its military in recent years, rattling its neighbours and attracting the attention of the United States, which is making a foreign policy "pivot" towards Asia.
Relations between Japan and China - Asia's two biggest economies - have often been strained over competing claims of the Senkaku islands, or Diaoyu in Chinese.
Last month, a Chinese coast guard ship which appeared to be armed with several cannon entered what Tokyo regards as its territorial waters near the disputed islands.
Despite steps to improve ties, distrust remains high as China is wary of moves by Mr Abe to raise Japan's military profile while Tokyo frets about Beijing's increasing regional and global assertiveness.
AFP

Workers brace for 12-hour days as Delhi battles pollution

Workers brace for 12-hour days as Delhi battles pollution

[NEW DEHLI] For the next two weeks New Delhi resident Saurabh Sanyal will work for more than 12 hours every other day.
Mr Sanyal isn't alone. Starting today, Manoj Sharma, chief executive of Mindpie, an event management company, will do the same. It's not work pressure that's prompting them to stay in office longer but the city administration's plan to bench half of the Indian capital's 2.8 million private vehicles daily. Sanyal, who has an even-numbered car, will reach office before the measures take effect at 8am and leave after 8pm when all vehicles will be allowed on the roads.
The measure by Delhi Chief Minister Arvind Kejriwal is the most concerted effort by the government yet to reduce the number of exhaust-belching automobiles in the world's most polluted metropolitan area as discontent among the city's 16.8 million residents grows.
New Delhi joins Beijing as capitals of the two most populous nations struggle to control runaway pollution brought on by decades of economic growth and lax environmental laws.
"These are emergency actions and we must support and make this work," said Anumita Roychowdhury, executive director of research at advocacy group Centre for Science and Environment.
"People will be forced out of their comfort zones and would have to think of options like carpooling or taking the public transport or reaching their destination before 8am."
India's Central Pollution Control Board has also asked three states adjoining Delhi to take measures to reduce pollution. The agency directed Punjab, Uttar Pradesh and Rajasthan on Tuesday to stop open-air burning of garbage, use of kerosene and coal for cooking and control dust pollution at construction sites.
HAZARDOUS LEVELS
The city was the world's most polluted measured by PM2.5 - tiny, toxic particles that lead to respiratory diseases - with an annual average of 153 micrograms per cubic meter, according to a 2014 World Health Organisation database. A reading of 25 or lower is considered safe. The reading was at 376.9 micro grams per cubic meter, classified as hazardous, at 9am on Friday, according to the US Embassy in New Delhi.
Delhi's local government has been running advertisements in newspapers and billboards at city's major intersections and tapping children in schools to sensitize them about the need for a cleaner environment. Volunteers will assist policemen at city's main traffic intersections to spot violators who will be fined 2,000 rupees (S$43), New Delhi's Transport Minister Gopal Rai said.
To ease the citizens' woes, the Delhi government will increase the frequency of the services on metro rail and run additional buses, Mr Rai said.
CAR POOL
Ministers including Mr Kejriwal and Mr Rai will travel to their offices using the car pool, according to India Today TV. Tourism Minister Kapil Mishra rode a motorbike, exempt from the restriction, to work.
Mr Sanyal, who is the secretary general of the PHD Chamber of Commerce and Industry, a Delhi-based industry lobby, says government will need to do more to curb the pollution. "Other culprits like construction activities that are bigger contributors to Delhi's pollution" needs to be checked, he said.
The Delhi government describes the odd-even restrictions on vehicles as an experiment that will run for 15 days to gauge its efficacy. For now, the move has been endorsed by India's top court which banned registrations of diesel-engine vehicles of 2 litres or more last month.
The curbs on vehicles will exclude motorcycles, scooters and essential services as well as women driving alone or with children.
"It isn't a big deal of change to my schedule to put in long working hours," said Sharma of Mindpie, who drives about 30km daily from Noida, a Delhi suburb. "If this continues for a longer period, then I will have look at an alternative."
BLOOMBERG

China arrests 11 for deadly landslide, death toll now 12

China arrests 11 for deadly landslide, death toll now 12

[BEIJING] Chinese authorities have formally arrested 11 people for their role in a deadly landslide last month in the southern boomtown of Shenzhen and charged them with negligently causing a serious accident, state news agency Xinhua said.
The government has blamed breaches of construction safety rules for the disaster on Dec 20, when a dump overflowed and engulfed 33 buildings. It has started an investigation.
At least 12 people have been confirmed dead while 62 are missing, Xinhua said late on Thursday.
The 11 people arrested include a legal representative and a deputy general manager of Shenzhen Yixianglong Investment Development, which ran the dump, and officials who were supposed to be supervising it, the report added, citing the Shenzhen prosecutor.
They have been charged with the crime of negligently causing a serious accident, and the prosecutor has urged the police to track down other suspects as soon as possible, Xinhua said.
It did not elaborate.
Calls to Shenzhen Yixianglong seeking comment went unanswered.
The disaster is the latest deadly accident to raise questions about China's industrial safety standards and lack of oversight over years of rapid economic growth.
REUTERS

'IS suicide attack' planned in Munich: German officials

'IS suicide attack' planned in Munich: German officials

[BERLIN] German officials said Friday the Islamic State group was believed to be plotting a suicide bomb attack on New Year's Eve in the southern city of Munich.
German authorities were tipped off by a "friendly intelligence service" about the plan, which IS had planned to carry out around midnight, said Joachim Herrmann, interior minister for the southern state of Bavaria.
"Five to seven" suspects were believed to be planning to carry out a "suicide attack" as festivities were under way to welcome in the New Year, Munich police chief Hubertus Andrae said.
Police evacuated Munich's main rail station and another station in the western suburb of Pasing after an alert of a possible "terror attack".
Rail services at the sites were also halted and police urged the public to keep away from large gatherings.
Some 550 officers had been deployed to track down the suspects and secure the sites, although no arrests have been made yet.
Police officers, some in riot gear, were posted at different entrances of Munich's main rail station which was eerily quiet on a night of traditionally raucous celebrations.
Some revellers sought to enter the station but were turned away.
A police spokeswoman said it could not be ruled out that the attackers could seek another target.
German media had earlier reported that police were acting on a tip from French authorities.
European capitals are on high security alert, with Brussels and Paris both scrapping fireworks for New Year's celebrations.
Belgian police were also holding five people over an alleged New Year plot in Brussels.
In Berlin, police presence has been stepped up at the Brandenburg Gate, where hundreds of thousands of people have gathered for festivities. All large bags and backpacks have been banned from the site of the huge street party.
Days after the November 13 attacks in Paris claimed by the Islamic State group that left 130 dead, German police called off an international football match at the last minute due to a bomb threat.
No explosives were subsequently found, and no arrests made after the Germany-Netherlands friendly in Hanover - which was to be attended by Chancellor Angela Merkel - was cancelled and thousands of fans evacuated.
Interior Minister Thomas de Maiziere - who had been due to attend the match with Dr Merkel - later said the event was cancelled "to protect the population", but did not provide specifics.
AFP

China's official December services PMI edges up to 54.4

China's official December services PMI edges up to 54.4

[BEIJING] Activity in China's services industry quickened in December, an official survey showed on Friday.
The services sector has been the lone bright spot for the economy in the last few years, helping to offset a faltering manufacturing sector.
The official non-manufacturing Purchasing Managers' Index (PMI) rose to 54.4, from November's 53.6, according to the National Bureau of Statistics (NBS).
A reading above 50 points indicates an expansion in activity on a monthly basis, while one below that points to a contraction.
The services sector has accounted for the bigger part of China's economic output for at least two years, with its share rising to 48.2 per cent in 2014, compared with the 42.6 per cent contribution from manufacturing and construction.
Still, China's economic growth is expected to cool from 7.3 per cent in 2014 to 6.9 per cent in 2015, the central bank said in a recent work paper, its slowest pace in a quarter of a century. It said growth could ease further to 6.8 per cent in 2016, though some China watchers believe real growth levels are already much weaker than official data suggest.
China is set to release fourth quarter and full-year GDP data on Jan 19.
REUTERS

South Korea's December exports tumble 13.8% year on year, worse than expected

South Korea's December exports tumble 13.8% year on year, worse than expected

[SEOUL] South Korean exports fell for a 12th straight month in December and by more than expected, official estimates showed on Friday, capping its worst annual trade performance since the 2008-2009 global financial crisis.
Shipments in December fell 13.8 per cent from a year earlier, the Ministry of Trade, Industry and Energy said, much sharper than a 4.8 per cent decline in November but not as steep as a 16.0 per cent drop in October.
Imports slumped 19.2 per cent on-year in December, resulting in a trade surplus of US$7.2 billion.
The median forecast from the Reuters survey was for December exports to fall 10.9 per cent on-year, while imports were seen slumping 18.6 per cent.
"We'll see this kind of weakness in exports at least throughout the first quarter. It won't be easy for shipments to rebound short term as China faces a chance that growth this year will be weaker than 2015," said Park Sang Hyun, chief economist at HI Investment & Securities in Seoul. "Considering recent data, fourth-quarter growth will probably be worse than the Bank of Korea's expectations." South Korea's central bank currently sees 2015 growth at 2.7 per cent.
For the whole year, exports were down 7.9 per cent while imports slumped 19.2 per cent. Both were the worst drops since 2009, when exports and imports dropped 13.9 per cent and 25.8 per cent, respectively.
The average export value per working day stood at US$2.13 billion in December, compared to US$1.93 billion in November, according to Reuters calculations.
South Korea is the world's seventh-largest exporter and the first major exporting economy in the world to report trade figures every month, thus providing a quick guide on the latest state of global trade and the economy.
The trade ministry will provide a breakdown on the export data by sector and destination later in the day.
AFP
 
FROM AROUND THE WE
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German police warns 'terror attack' planned in Munich

German police warns 'terror attack' planned in Munich

[BERLIN] German police said on Thursday that they had "indications that a terror attack" was being planned in the southern city of Munich, as they called on the public to avoid large gatherings and two key train stations.
"Current indications show that a terror attack is being planned in Munich. Please avoid gatherings of people and the Munich and Pasing train stations," said police in a tweet.
Both stations have been evacuated, they said, and train services were no longer running at these stations.
AFP

World welcomes New Year despite terror fears

World welcomes New Year despite terror fears

[DUBAI] The world greeted 2016 with champagne and cheers, but tightened security put a damper on the party in Europe and a huge fire at a hotel in Dubai scared gathering revellers.
Fireworks were cancelled in Brussels and Paris as November's terror attacks cast a pall, but Dubai put on a spectacular show as it refused to let the hotel blaze, which injured 16 people, disrupt celebrations.
Sydney, traditionally the first to host a major New Year's bash, kicked off the global festivities when it lit up the skies with pyrotechnics at the stroke of midnight (1300 GMT).
In Dubai, a huge fire ripped through a luxury 63-storey hotel, the Address Downtown, close to the world's tallest tower where people had gathered to ring in the New Year.
Despite the dramatic scenes from the inferno, the festivities went ahead as planned and crowds cheered the arrival of 2016 with bursts of light and colour in a massive fireworks show that started at the iconic Burj Khalifa skyscraper, even as smoke was still billowing from the nearby blaze.
The cause of the fire was not immediately known.
After Asia and the Middle East, the chimes of midnight will move across Africa, Europe and finally the Americas.
In the heart of Europe, more than 100,000 police were deployed throughout France to guard celebrations that come six weeks after the jihadist attacks in Paris.
Annual festivities and fireworks in Brussels were cancelled as the Belgian capital - home to Nato and the European Union - remains on high alert.
Belgian officials are battling terror on two fronts - with police holding five people over an alleged New Year attack plot in Brussels as well as arresting a tenth suspect over the Paris attacks.
Paris, still reeling from the November 13 slaughter of 130 people, has also cancelled its main fireworks display on the Champs Elysees avenue.
But authorities agreed France's biggest public gathering since the attacks can go ahead on the famous boulevard, with bolstered security.
"The people of Paris and France need this symbolic passage into the New Year," Paris mayor Anne Hidalgo told the weekly Journal du Dimanche.
In his New Year address, President Francois Hollande said France "has not finished with terrorism yet" and that the threat of another attack "remains at its highest level".
Hong Kong, Beijing, Singapore and other Asian cities may rival Sydney's pyrotechnic splash, but Brunei will offer a sober evening after banning Christmas in a shift to hardline Islamic law.
Jakarta remains on high alert after anti-terror police foiled detailed plans for an alleged New Year suicide attack in the Indonesian capital.
Turkish police have detained two Islamic State suspects allegedly planning to stage attacks in the centre of the capital Ankara which is expected to be packed on New Year's Eve.
Meanwhile, in Moscow police will for the first time close off Red Square where tens of thousands of revellers traditionally gather.
"It's no secret that Moscow is one of the choice targets for terrorists," Moscow mayor Sergei Sobyanin said recently.
In Britain, Scotland Yard said there will be around 3,000 officers across central London in what is reported to be an unprecedented anti-terror security effort.
"Our plans are purely precautionary and not as a result of any specific intelligence," said Superintendent Jo Edwards, spokeswoman for Scotland Yard.
Fireworks were banned in towns and cities across Italy, in some cases because of a recent spike in air pollution but also because of fears that, in the current climate, sudden loud bangs could cause panic.
In Madrid, thousands of people will flock to Puerta del Sol square, however police will limit the number allowed in to just 25,000.
Berliners will do better with about a million expected at the Brandenburg Gate for a free mega-street party.
Cairo meanwhile is trying desperately to attract tourists to bolster the economy.
The government is staging celebrations in front of the pyramids near the Egyptian capital, with ambassadors, artists and intellectuals all invited.
Egypt has been in turmoil since the 2011 uprising but was further hit by the October 31 crash of a Russian airliner over the Sinai killing 224 people.
In stark contrast, Sierra Leone's capital Freetown is hoping to reclaim its mantle as host of the best beach parties in Africa after Ebola scared people away.
The city of 1.2 million was deserted 12 months ago during the worst Ebola outbreak ever recorded.
"This New Year's Eve I am going to dance and party until the cock crows," said 35-year-old Franklyn Smith.
In the United States, authorities said they had arrested and charged a 25-year-old American Muslim convert over an alleged attempt to launch a New Year's Eve attack in upstate New York in the name of the Islamic State group.
In New York City, despite a pledge of tight security for Times Square, a million people are expected to turn out to see the ball descend.
AFP

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