Conservative Muslims Protest Indonesian Fuel Price Hikes

JAKARTA, INDONESIA —

Hundreds of conservative Muslims marched in Indonesia’s capital Monday demanding that the government revoke its decision to raise fuel prices, saying it hurts people already reeling from the economic impact of the pandemic.

Authorities blocked streets leading to the Presidential Palace as the demonstrators, many wearing white Islamic robes, filled a major thoroughfare. Many waved red and white national flags and flags bearing the Islamic declaration of faith.

Prices of gasoline and diesel fuel jumped by about 30% last month after President Joko Widodo’s administration cut fuel subsidies to reduce the country’s multibillion-dollar budget deficit. The price of gasoline rose from about 51 cents to 67 cents per liter and diesel fuel from 35 cents to 46 cents.

Protests against the increases have been held across Indonesia, mostly by students and workers, but calm had largely returned to Jakarta, the capital, over the past three days before Monday’s demonstration.

The protest was organized by a conservative Muslim alliance that held mass demonstrations in 2016 against Jakarta’s ethnic Chinese Christian governor, Basuki Tjahaja Purnama, that led to him being imprisoned for blasphemy.

In a speech, Ahmad Khozinudin, a protest coordinator, condemned the government’s decision. He said people were already suffering from the COVID-19 pandemic and the price hikes would further increase their woes.

Widodo’s government “has failed in dealing with poverty in this country,” he said, standing on top of a truck. “Instead, he has lied to the people by breaking his promise not to increase fuel prices.”

Protesters chanted “God is great” and “We stand with workers” near the blocked roads.

“The government decision to cut the energy subsidy and raise fuel prices is unfair!” said Budi Darma, a protester. “The increase in fuel prices will trigger hikes in other prices, especially the price of basic foods which have a direct impact on the poor.”

Several hundred workers and students also staged protests Monday near the heavily guarded Presidential Palace.

Widodo said the decision to increase fuel prices was his last option because the government’s energy subsidies had tripled this year from 152 trillion rupiah ($10.2 billion) to 502 trillion rupiah ($33.8 billion) because of rising global oil prices and the weakening of the Indonesian rupiah currency.

The government has announced an additional 24.2 trillion rupiah ($1.6 billion) aid package for 20.6 million poor families and workers through the end of the year to cushion the impact of the fuel price increases.

The government has subsidized fuel for decades in Indonesia, the world’s most populous Muslim nation.

Fuel prices are a politically sensitive issue that can trigger other price hikes and possible mass protests. In 1998, an increase in fuel prices sparked riots that helped topple longtime dictator Suharto.

 

 

 

Source: Voice of America

Death Toll From Western China Earthquake Rises to 93

BEIJING —

The death toll from a major earthquake in western China rose to 93 as the search for survivors continued, authorities said.

A magnitude 6.8 quake hit Sichuan province last week, with much of the damage concentrated in the Ganze Tibetan Autonomous Region in the province.

Another 25 people remain missing as of Sunday evening, rescuers said, according to state broadcaster CCTV. The search for survivors and recovery of bodies were complicated by heavy rains and the risks of landslides, which forced some residents to move to temporary shelters.

The earthquake also affected Chengdu, the provincial capital, where residents were under strict zero-COVID controls, meaning they were not allowed to leave their buildings. Footage online showed residents banging at metal gates at the front of apartment complexes as they sought to leave their buildings.

Tens of millions remain under China’s extensive zero-COVID controls. Chengdu’s local government announced that a few districts where there had been no new COVID-19 cases will be allowed to reopen Monday. However, many of its 21 million residents remain under lockdown. The city reported just 143 cases of coronavirus infection Monday, more than half of which were people who did not have symptoms.

China has stuck to its massive system of lockdowns and mass testing even as the rest of the world has loosened restrictions. The country’s approach has minimized deaths but has kept millions of people locked in their homes for weeks or even months at a time.

 

 

 

Source: Voice of America

APPEAL FOR NEXT-OF-KIN – MS CHAN YIN YOKE

The Police are appealing for the next-of-kin of 67-year-old Ms Chan Yin Yoke to come forward.

 

Ms Chan, a former resident of Blk 633 Veerasamy Road, had passed away on 1 September 2022.

 

Anyone with information is requested to call the Police Hotline at 1800-255-0000 or submit information online at  www.police.gov.sg/iwitness. All information will be kept strictly confidential.

 

 

 

Source: Singapore Police Force

FORMER DIRECTORS OF MULTI-MILLION DOLLAR GOLD INVESTMENT COMPANY JAILED FOR RUNNING A PONZI SCHEME

Two former directors of a Singapore-registered gold investment company The Gold Label Pte Ltd (“The Gold Label”), Iseli Rudolf James Maitland (“James”) and How Soo Feng (“How”), were convicted after 29 days of trial on one count of fraudulent trading under Section 340(1) read with Section 340(5) of the Companies Act (“CA”) each. They were sentenced to three years and 10 months imprisonment on 12 September 2022. A third former director, Wong Kwan Sing (“Wong”), had earlier pleaded guilty to a Section 340(1) CA read with Section 340(5) CA offence and was sentenced to an imprisonment term of two years and 10 months on 14 January 2022.

 

The Gold Label ran a gold buyback business between 2009 and 2011. The company sold gold bars to its customers at a premium of more than 20% above prevailing gold market prices in contracts lasting three or six months. In exchange, the customers were promised guaranteed returns as high as 24% per annum. At the end of their contract period, customers had the option to sell the gold bars back to The Gold Label at the same price that they had bought the gold bars. This effectively allowed the customers to recoup their initial investment amount in full, while still making guaranteed returns, creating a semblance of a risk-free investment with attractive returns. During its operations, The Gold Label attracted more than 2,000 customers and accumulated sales of about S$150 million.

 

However, The Gold Label had neither any profit-generating business nor any sustainable means to honour the payment and buyback obligations owed to its customers. Instead, the company had relied entirely on new sales proceeds from subsequent customers to pay the obligations owed to the earlier customers. In October 2010, The Gold Label filed for a winding up application. By then, The Gold Label’s payout and buyback obligations to its customers had amounted to more than S$85 million.

 

James and How were the Managing Director and Chief Executive Officer of The Gold Label respectively. At trial, the duo’s main defence was that The Gold Label had a “formula” which could generate sufficient profits for the company to honour its obligations. The court however found that no such “formula” existed, and that the duo knew this to be the case from the start.

 

For knowingly being parties to the carrying on of The Gold Label’s business for a fraudulent purpose, James and How were sentenced to three years and 10 months imprisonment respectively.

 

As for Wong, he was earlier sentenced to an imprisonment term of two years and 10 months after pleading guilty to one count of an offence Section 340(1) read with Section 340(5) of the CA. A separate charge under Section 103(5)(c) of the Criminal Procedure Code was taken into consideration for sentencing, as Wong had absconded to Malaysia whilst on court bail and amid court proceedings against him. He was arrested in Malaysia with the assistance of the Royal Malaysia Police and handed over to the Singapore Police Force on 20 October 2021.

 

Members of the public are advised to exercise caution when dealing with investment opportunities. Before committing to an investment, always Ask, Check and Confirm.

 

ASK as many questions as you need to fully understand the investment opportunity. If the company is unable to, or avoids answering any of your questions, be wary.

 

CHECK on the company, its owners, directors and management members to assess if the opportunity is genuine.

 

CONFIRM the company’s and representatives’ credentials by using available resources, including the Financial Institutions Directory, Register of Representatives and Investor Alert List on the MAS’ website (www.mas.gov.sg).

 

 

 

Source: Singapore Police Force

Singapore Reported 1,440 New COVID-19 Cases

Singapore reported 1,440 new cases of COVID-19 yesterday, bringing the total tally to 1,859,937.

 

Of the new cases, 190 cases were detected through PCR (polymerase chain reaction) tests, and 1,250 through ART (antigen rapid test) tests, according to statistics released by the Ministry of Health.

 

Among the PCR cases, 177 were local transmissions and 13 were imported cases.

 

Among the ART cases, with mild symptoms and assessed to be of low risk, there were 1,130 local transmissions and 120 imported cases.

 

A total of 220 cases are currently warded in hospitals, with 10 cases in intensive care units.

 

No deaths were reported from COVID-19 yesterday, making the total death toll stay unchanged at 1,602, the ministry said.

 

 

Source: NAM NEWS NETWORK

Philippines Logged 2,230 New COVID-19 Cases, 16 More Deaths

The Philippines reported 2,230 new COVID-19 infections yesterday, bringing the total number of confirmed cases in the country to 3,906,269.

 

The Department of Health (DOH) said, the number of active cases dropped to 25,684, while 16 more patients died from COVID-19 complications, taking the coronavirus death toll to 62,304.

 

Metro Manila, the capital region, with over 13 million people, tallied 1,056 new cases.

 

The country, with a population of around 110 million, has fully vaccinated over 72.7 million people.

 

 

Source: NAM NEWS NETWORK