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FLYING OUT OF CHANGI AIRPORT TO PAY HIGHER FEES, CHARGES FROM NOVEMBER 01, 2022
SINGAPORE: Passengers flying out of Changi Airport will have to pay more in airport charges from November 01, 2022 as international air travel continues to recover from the effects of COVID-19.
Passengers on flights originating from Changi Airport currently pay a departure fee of $52.30, comprising a $35.40 passenger service and security fee collected by Changi Airport Group (CAG), as well as a $6.10 aviation levy and a $10.80 airport development levy collected by the Government.
With the fee hike announced on Thursday, September 15, 2022, the total departure fee will go up $6.90 to $59.20 from November 01, 2022 and subsequently increase to $62.20 from April 2023 and $65.20 from April 2024.
Passengers whose air tickets were issued before November 01, 2022 will not pay the higher fees and levies, said the Civil Aviation Authority of Singapore (CAAS) and CAG in a joint statement.
There will be no change to the departure fee for transit passengers, who will continue to pay $9 in airport charges for each flight.
Meanwhile, airlines will also have to pay more in aircraft parking and landing fees, CAAS and CAG added.
The statement said that the fees and levies charged will go towards CAG's operations and current infrastructure upgrading of terminals and future development plans, and the air hub development and regulatory functions of CAAS.
Airport charges at Changi were last revised in 2018, and the authorities had held off further increases during the COVID-19 pandemic.
The last fee hike comes during the same week that Changi Airport Terminal 4 welcomed its first flights on Tuesday, after it was shut in May 2020 due to plummeting air traffic at the start of the pandemic.
The repoening of T4, which has a handling capacity of 16 million passengers a year, will add to Changi Airport's capacity, as will the reopening of the southern half of Terminal 2 from October 11.
This will restore Chnagi Airport's handling capacity to its pre-pandemic level of 70 million passengers a year.
Changi Airport is not alone in increasing its fees, after more than two (2) years of international border restrictions ate into the revenues of airports worldwide.
In November year 2021, Schiphol airport in Amsterdam announced plans to increase the fees levied on airlines by 37 per cent over the next three (3) years - a move that drew sharp rebuke from the International Air Transport Association (IATA).
Earlier September 2022, Dutch newspaper De Telegraaf also reported that the Dutch government plans to more than triple the country's air passenger tax in January next year to Euro 28.58 (S$40), up from Euro 7.79 currently.
Philip Goh, the International Air Transport Association's (IATA) regional vice-president for Asia-Pacific, said the timing of the increases at Changi is less than ideal, as any additional costs will negatively impact the financials of airlines.
He noted that the Asia-Pacific airline industry is still in the early stages of recovery from the COVID-19 pandemic, with international passenger demand in the region only at about 36 per cent of 2019 levels as of July 2022 compared to other regions which have seen demand rebound to more than 70 per cent.
Goh also said the airline industry appreciates the fact that CAG and CAAS had suspended the planned increase in aviation related charges for two years, which coupled with financial support packages from the Singapore government had helped the sector survive " the most difficult period in its history." The industry would ideally have preferred that the authorities held off the planned increase, he added.
" Aviation hubs like Singapore must ensure they remain cost-efficient in order to maintain their attractiveness to airline operators, " he said.
" We hope the next regulatory review of these charges in 2024 will keep in mind a need for moderation and improvements when considering any further increase in aviation charges."
>>>READ MORE ARTICLE HERE<<<
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@ Jackie San
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LET'S DISCONTINUE WITH POGO BECAUSE OF SOCIAL COST - DIOKNO
@Jackie San |
MANILA, PHILIPPINE : Finance Secretary Benjamin Diokno on Thursday, September 15, 2022 said he supports ending activities of the Philippine Offshore Gaming Operator (Pogos) in the Philippines because of the social costs associated with the industry.
" If you ask my personal opinion on this, let's discontinue the Pogo because of the social cost," said Diokno.
Diokno spoke during the Senate Development Budget Coordination Committee (DBCC) briefing on the National Expenditure Programme for 2023.
He explained that the total revenues in the industry had fallen to P3.9 billion in 2021, significantly lower than the year before, which was at P7.2 billion.
The finance head also noted that Pogo has " reputational risk," especially since other countries like China and Cambodia have already discontinued it.
" Maybe because we are loose, we're not strict on our rules, so we have reputational risk," he added.
Senator Grace Poe questioned the social cost of Pogos during a separate Committee hearing, explaining that the current revenue it generates does not justify its operations in the country.
The Philippine National Police (PNP) also said that the majority of the kidnapping cases in year 2022, 15 our of 29, are Pogo-related.
>>>READ MORE ARTICLE HERE<<<
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@ Jackie San
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SUES FRENCH CUSTOMS FOR SEIZING HIS YACHTS - RUSSIAN BILLIONAIRE
PARIS : A Russian Billionaire is suing French authorities in an effort to win back access to two (2) of his yachts, arguing customs officials did not have the right to immobile them despite him being on an EU sactions list, his lawyer told on Thursday, September 15, 2022.
Alexey Kuzmichev, one of the main shareholders of Russia's Alfa-Back, who was sactioned by the EU in March for his ties to President Vladimir Putin, appealed the seizure of his ships " La Petite Ourse " and " La Petite Ourse II ", held in the Cote D'Azur towns of Antibes and Cannes, respectively.
" If you own an asset for your personal use, like a yacht, you have the right to make use of it even though it's frozen," Philippe Blanchetier, Kuzmichev's lawyer who brought the case before a court in Paris on Wednesday.
Kuzmichev also owns car and properties in France which he also can't sell or rent out due to the sanctions, but he still has the right to use them, the lawyer said, adding: " I don't know why one should make a difference when it's a yacht."
He also argued there were procedural flaws linked to the seizures.
The French customs office did not immediately respond to a request for comment.
The verdict on Kuzmichev's bid to regain use of his yacht is due on October 05, report by his lawyer.
Kuzmichev, who is worth close to $7 billion according to Forbes, co-founded the international investment group LetterOne, which owns several telecoms groups, but left the firm's board in March.
>>>READ MORE ARTICLE HERE<<<
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@ Jackie San
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RM192,000 TRIO CHARGED WITH DUPING MAN OUT IN WORK PERMIT SCAM
JOHOR BAHARU: Three (3) men were charged at the Magistrate's Court here on Thursday (September 08,2022) for duping another individual out or RM192,000 by offering foreign worker permit services.
Project consultant Tan Tech Loke, 41 years old, drinks seller Shah Effendy Wahyu, 40 years old, and sundry shop owner S. Sellathurai, 59 years old, pleaded not guilty to the charge that was read together before Magistrate Mohd Zulhilmi Ibrahim on Thursday.
Together, the three (3) men allegedly committed a white-collar crime by cheating one Lim Zhen Peng, 31 years old, into believing that they could manage and produce foreign worker permits.
They claimed that they would be able to help Lim, a businessman, obtain 32 visas and visa with reference (VDR) from the Immigration Department.
The incident was said to have taken place at No. 21, Jalan Nakhoda 16, Taman Ungku Tun Aminah, Skudai Johor Baharu, from August 07, 2019 until August 27, 2019.
The three (3) were accused of duping the victim into paying them RM 192,000 in stages into Tan's bank account for their alleged services.
They were charged under Section 420 of the Penal Code, read together with Section 34 of the Penal Code, which carries a jail term of up to 10 years and caning, and a possible fine upon conviction.
Deputy Public Prosecutor Danial Munir asked the court to set a bail of RM 30,000 for each of the accused.
Lawyers Goh Sze Han, Mohamad Azrulsani Othman and S. Selvam, who respectively represented Tan, Shah Effendy and Sellathurai, separately asked for a lower bail amount, citing the accused's cooperation with the police throughout the investigation and the need to care for their own families as the reason.
Mohd Zulhilmi set bail at RM 6,000 with one surety for each of the three (3) men and fixed October 10, 2022 for the case mention and submission of documents.
>>>READ MORE ARTICLE HERE<<<
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@ Jackie San
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CONFIRMED RM 60.6MIL CREDITED INTO NAJIB'S PERSONAL ACCOUNT IN YEAR 2011 -SAYS BANK OFFICER @Jackie San
KUALA LUMPUR, MALAYSIA: The High Court here was told on Thursday (September 08, 2022) that RM60.6mil was credited in two (2) transactions into former prime minister Datuk Seri Najib Razak's personal account at AmIslamic Bank in year 2021.
Ambank (M) Berhad Jalan Raja Chulan branch manager R. Uma Devi, 43 years old said that based on a statement of an account that ended with the number 694, a credit of RM30,449,929.97 was made into the former prime minister's account on February 24, 2011 and RM30,179,909.46 on June 14 in year 2011.
" I confirm that this document (account statement) of AsIslamic Bank Berhad in the name of Najib was printed from a computer belonging to AmBank Jalan Raja Chulan Branch," she said.
Uma Devi was reading out her witness statement during examination-in-chief by Deputy Public Prosecutor Najwa Bistaman in the Pekan MP's trial over the misapporopriation of RM2.3bil in funds from 1Malaysia Development Berhad (1MDB).
Referring to the form on the opening of a personal account under Najib's name on January 13, 2022, the 37th prosecution witness said Najib was the sole signatory of cheques issued and do business for the account.
" This account (ending 694) was opened with a deposit of RM500 only. The legal signatory for this personal account is Datuk Seri Najib Razak himself for the cheques. This mean,s only he (Najib) can sign cheques and do business through this account," she said.
She said that in year 2013, Najib submitted a letter, dated August 26, 2013, to the bank's branch manager to close his current and savings accounts (ending with number 694 and 481, respectively)and instructed the bank to transfer the money in the accounts amounting to RM150mil to his other accounts, which is the AmPrivate Banking-1MY.
Uma Devi said the letter also stated that all the unused cheques would be returned to the bank and that he (Najib) would not issues any cheque from the account after it was closed.
" Another instruction in the letter was to debit the remaining amount from those accounts for the issuance of bank draft in the name of AmPrivate Banking-1MY," she said, adding that an attachment enclosed with the letter was a money transfer slip that had been processed by the bank as instructed in the letter.
" Based on the (money transfer) slip, RM12,436,711.87 was transferred to the AmPrivate Banking-1MY account on August 30, 2013, whereby the account (AmPrivate Banking) belongs to Datuk Seri Najib, which was opened at the Jalan Raja Chulan branch on July 31, 2013, " she also added.
Najib,69 years old, is facing four charges of using his position to obtain bribes amounting to RM2.3 billion of 1MDB funds and 21 charges of money laundering involving the same amount.
The trial before Judge Datuk Collin Lawrence Sequerah continues on Monday (September 12, 2022).
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@ Jackie San
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PROTESTERS ACROSS INDONESIA AS ANGER MOUNTS OVER FUEL PRICE INCREASE; THOUSANDS DEMANDS GOVERNMENT REVERSE DECISION
JAKARTA, INDONESIA, SEPTEMBER 06, 2022: Thousands of people rallied in Indonesia's biggest cities on Tuesday, demanding the government reverse its first subsidised fuel price increase in eight (8) years amid soaring inflation.
Under pressure to control a ballooning energy subsidy budget, President Joko Widodo on Saturday said he had little choice but to cut the subsidy and let fuel prices rise by about 30% in the country of 270 million people. Oil prices are about 32% higher than a year ago.
Protests took place in and around the capital, Jakarta, and in the cities of Surabaya, Makassar, Kendari, Aceh, and Yogyakarta, among a series of demonstrations led by students and labour groups that police say could draw big crowds this week.
Thousands of police were deployed across Jakarta, many guarding petrol stations, fearing they could become targets of mounting anger over a price increase that unions say will hurt workers and the urban poor the most.
" Workers are really, really suffering right now," said Abdul Aris, a union official, vowing to keep fighting until the government gives way.
Small rallies took place at the weekend and on Monday, September 05, 2022, with tyres burned and some roads blocked as demonstrators vented their anger over the decision, which comes amid rising food costs and with the economy still reeling from the impact of the coronavirus pandemic.
Thousands gathered in Jakarta on Tuesday, September 06, 2022, marching and chanting slogans denouncing the government's decision and calling for an increase in the minimum wage.
One demonstrator was ween shirtless with feet shackled to an empty petrol tank, carrying sign highlighting the hardship brought by rising costs.
SENSITIVE ISSUE
Textile factory worker Adi Asmadi, 29 years old, said his daily transport expenses would go up sharply.
" If the fuel price is hiked and wages increase too, that's OK," he said. " If it's not, we object."
Subsidised fuel is a sensitive issue in South-East Asia's biggest economy, but the government has sought to soften the blow through compensation measures for 20 million households, including direct cash transfers. The price increase is expected to push up inflation.
Authorities said 24.17 trillion rupiah US$1.62 billion in additional welfare programmes would go to those needing them, while hotlines would be set up to hear complaints.
" These are very difficult conditions, but if you look at the assistance provided by the government, it is quite large," Minister of Social Affairs Tri Rismahaini told a news conference.
" We hope this could help cushion the rise in prices that the people are facing."
Ahmad Choirul Furqon, an official at the Traditional Market Traders Association, said the fuel price increase would have a domino effect in pushing up other costs and urged the government to rethink its support measures.
" We hope the government does not use populist policies as a solution," he said. ($1 = 14,885.0000 rupiah).
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@Jackie San
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UNTIL NAJIB PARDON PETITION IS SETTLED NAJIB STILL MP
PETALING JAYA, SELANGOR: Datuk Seri Najib Razak will remain as Pekan MP until his petition seeking a royal pardon is finalised, says Tan Sri Azhar Azizan Harun.
The Dewan Rakyat Speaker said he had received the submission of several documents on the matter.
" I have received a copy of the pardon application under Article 42 of the Federal Constitution for Datuk Seri Najib Razak who is the Pekan MP, dated September 01, 2022; a copy of a letter from Messrs Shafee & Co dated September 01, 2022 which attached the pardon application accepted by the Prime Minister's Department, Legal Affairs Division's director-general on September 02, 2022; and a copy of each sealed Criminal Order for the appeal case in the Federal Court dated August 23, 2022," he said in a statement on Monday, September 05, 2022.
" In this case, a conviction order and the sentence of the High Court which upheld by the Court of Appeal and the Federal Court against Datuk Seri Najib Razak is confirmed."
Azhar added that according to Article 48(1)(e) of the Federal Constitution, any MP convicted of an offence by a Federal Court and sentenced to imprisonment for not less than one year or fined not less than RM 2,000 would be disqualified as an MP.
Najib was sentenced to 12 year's imprisonment and fined RM 210 mil in the SRC International Sdn Bhd Case.
" The validity of Article 48(1)(e) of the Constitution is subject to the provisions of Article 48(4) PP and Article 53(2) PP.
" In this regard, Article 48(4)(c) provides that if a pardon petition is field by the MP concerned within 14 days from the date the appeal is decided, the disqualification of the MP will only take effect one the pardon petition is settled (if the petition is rejected).
" Therefore, considering that the pardon petition was filed under Article 42 on September 02, 2022, which is within 14 days from the date of the Federal Court's decision, his disqualification (as MP) will only commence once the pardon petition is settled (in case the petition is rejected).
" This means that his status as Pekan MP has not changed at this time, and will only be finalised when the appeal is settled," he said.
However, Najib will not be able to stand for election in the general election if it is called while his pardon is still being processed. He can only contest after a pardon is granted.
Meanwhile, in an Instagram story, Najib's daughter Nooryana Najwa explained her dad's health condition following his sudden admission to Hospital Kuala Lumpur on Sunday.
Najib, she said, has been battling gastric and stomach issues for years, and was prone to stomach ulcers, especially during times of stress.
" The last time his ulcers bled (year 2021), he was unaware of his condition until he felt faint due to internal bleeding and was admitted quietly to hospital for a week.
" Back in 2010, he was similarly admitted to hospital to treat bleeding stomach ulcers and spent three (3) days there," she said.
She added that her father was not one to complain when he was ill and the prior episodes required " serious medical intervention " as they had been caught late.
Nooryana also said she hoped her father would get consistent check-ups and treatment if needed.
>>>READ MORE ARTICLE HERE<<<
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@Jackie San
169 NEW COVID-19 RECORDS DAILY AVERAGE CASES IN PAST WEEK
BANDAR SERI BEGAWAN, SEPTEMBER 06, 2022: Brunei logged a daily average of 169 new COVID-19 cases in the past week compared to 205 cases per day the week before, the country's health ministry announced on Monday, September 05, 2022.
According to the health ministry's weekly briefing, 52,431 antigen rapid test (ART) results were uploaded to the government platform over the past week, with 2.2 percent of them being positive.
Currently, one hospitalized case is held in the intensive care unit and two cases require assisted breathing, according to the health ministry.
As of September 04, 2022, 77.7 per cent of Brunei's population have received three doses of COVID-19 vaccines, while 9.8 percent have taken a fourth dose.
The COVID-19 vaccines from Pfizer-BioNTech, Moderna, AstraZeneca and China's Sinopharm are those administered in the South-East Asian country.
>>>READ MORE ARTICLE HERE<<<
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@Jackie San
CRYPTOCURRENCY SCEPTICS LOOK TO BEND THE EAR OF REGULATORS
@Jackie San |
LONDON, UNITED KINGDOM: Cryptocurrency critics, including economists and researchers, will gather in London and online this week to get their message across to regulators about the booming but volatile sector.
A number of governments have expressed concerns over cryptocurrencies, but those behind the first Crypto Policy Symposium say they hope the event will prompt much more "critical discourse" of the sector.
" There are so many crypto conference but they are funded by the crypto industry," said Martin Walker, a co-organiser.
" The goal is to dispel some myths created by the crypto industry and to make policy makers start asking the right questions."
But Walker, a banking IT expert, is quick to reject claims that Monday and Tuesday's event is an " anti-crypto conference ".
Instead he says it is a chance to hear the critical voices of specialists in financial bubbles, researchers who have evaluated the industry's carbon footprint and engineers who question the effectiveness of decentralised technologies.
" We're got regulators from all over the world," he said.
About 1,000 people have signed up to watch the conference online and United Kingdom officials are expected to attend a live event in London on Tuesday.
The conference comes as the price of bitcoin has plunged from a peak of nearly US$69,000 (RM309,741) last October 2021 to around US$20,000 (RM 89, 780).
The risky nature of the ultra-volatile and poorly regulated market for retail investors will be particularly highlighted.
UNINFORMED USERS
Many central banks and financial market regulators have warned about the dangers posed by cryptocurrencies.
But in the absence of a clear legislative framework, users are rarely informed when making their investments, say crypto critics.
The collapse of cryptocurrency investment platform Celsius left customers in despair and unable to recover investments that sometimes included life savings.
The firm faced mounting troubles until it froze withdrawals in mid-June and a court filing showed it owed US$4.7bil (RM 21.09bil) to its users.
" People didn't understand that their money wasn't secure and they still don't understand why they can't get it back," said Amy Castor, a respected freelance journalist who is among the most vocal of cryptocurrency critics.
" We wanted to have our voices heard because it's important for regulators to understand the risks, how crypto-currencies work, the scam inherent in it, so that they can do more to protect retail investors (and) the public," she said.
Castor, who used to work for cryptocurrency media outlets, became known during the year 2017 price surge and subsequent crash for her criticism of the so-called " STABLECOIN " Tether.
Tether's price is pegged to the US dollar but its cash flow remains murky.
" The problem is that crypto-currency has become so big that now there is a lot of money going into lobbying...to support politician,s " Castor added.
CRITIC NOT A HATER
In the United States some elected officials have proudly support for the sector, especially at the local level.
The mayors of Miami and New York have said they want to make their cities cryptocurrency capitals, and there are municipality-specific currency projects in various stages of development.
" Officials are making broad a statements about the good or cryptocurrencies, " said Tonantzin Carmona, a researcher at the Brookings Institution.
" They focus on what good could come from that tech and they ignore the real risks."
In March, Carmona published a research paper on the potential danger posed by the mayors' enthusiasm for cryptocurrencies.
She feared being attacked on social networks but instead says her arguments found favour with the small community of crypto-sceptics, who helped her see that she was not a lone voice.
" There's a difference between being a hater and being critical," she said.
>>>READ MORE ARTICLE HERE<<<
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@Jackie San
https://youtu.be/7vzfJyHzBSI
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WHY GENOMIC RESEARCH MAKES MALAYSIAN A WORLD-CLASS HUB FOR CLINICAL RESEARCH ?
KUCHING, SARAWAK: Malaysia's genomic diversity makes it a potential world-class hub for clinical research, says Health Minister Khairy Jamaluddin.
Khairy also said no other country had arguably one-third of the global genomic profile as in Malaysia now a day.
" One-third of the world is either Chinese or Indian and we have that here, and then we have a huge other chunk which is Malay.
" The experts tell me this is sound science because genetic differences make a difference as far as the efficacy of the treatment is concerned," he said at the signing of a memorandum of understanding between Clinical Research Malaysia (CRM), Novartis Malaysia and the Sarawak General Hospital (SGH) here on Monday, September 2022.
Khairy also said Malaysia also had some of the best principal investigators in the world, including at SGH.
In addition, he said Malaysia was relatively low-cost for clinical research and trials, while the time to trial in Malaysia was one of the fastest in the world.
" This has resulted in Malaysia now being the number two (2) country in Southeast Asia for the number of industry-sponsored clinical trials.
" I've given CRM the challenge of becoming number one wihtin the next three (3) years," he said.
With the MOU, Khairy said SGH would become Novartis' preferred site for clinical research, making it a centre of excellence in the country catering for different phases of clinical trials.
" By having this site established in Sarawak, not only will the health equality gap in Sarawak be addressed, but also Malaysia can leverage it by attracting talent that range from medical specialists to researchers who would be encouraged to work in this region," he added.
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@Jackie San
JAPANESE FOOD MAKERS EYE 'FERMENTATION TOURISM' FOR FOREIGN VISITORS - NAGOYA TOKYO JAPAN @Jr_Paku Midin Channel NAGOYA Manufacturer...