Indonesia Evacuates Villagers as Volcano Erupts on Java Island

A volcano erupted in Indonesia on Sunday spewing a cloud of ash 15 km into the sky and forcing the evacuation of nearly 2,000 people, authorities said, as they issued their highest warning for the area in the east of Java island.

There were no immediate reports of any casualties from the eruption of the Semeru volcano and Indonesia’s transport ministry said that there was no impact on air travel but notices had been sent to two regional airports for vigilance.

“Most roads have been closed since this morning and now it is raining volcanic ash and it has covered the view of the mountain,” community volunteer Bayu Deny Alfianto told Reuters by telephone from near the volcano.

Semeru, the tallest mountain on Java, erupted last year killing more than 50 people and displacing thousands. Indonesia’s disaster mitigation agency (BNPB) said 1,979 people had been moved to 11 shelters and authorities had distributed masks to residents. The eruption began at 2:46 a.m. (1946 GMT on Saturday) and rescue, search and evacuation efforts were going on.

The volcano’s plume of ash reached a height of 15 kilometers, said Japan’s Meteorology Agency, which had initially been on alert for the possibility that the volcano could trigger a tsunami. It later ruled that out.

The eruption, some 640 km east of the capital, Jakarta, follows a series of earthquakes in the west of Java, including one last month that killed more than 300 people.

Indonesia’s Center for Volcanology and Geological Hazard Mitigation, PVMBG, raised the level of volcanic activity to its highest level and warned residents not to approach within 8 kilometers of Semeru’s eruption center.

Hot ash clouds had drifted nearly 19 kilometers from the center of eruption, it said.

PVMBG chief Hendra Gunawan said a bigger volume of magma could have built up compared with previous eruptions of the volcano, in 2021 and 2020, which could mean greater danger for a bigger area.

“Semeru’s hot clouds could reach further and at a distance where there are many residences,” he said.

In a video sent to Reuters by police in the area, villagers were seen moving away from the slopes of the volcano, some with belongings stacked on motor bikes. A damaged bridge was covered in volcanic ash.

With 142 volcanoes, Indonesia has the world’s largest population living close range to volcano, with 8.6 million people within 10 kilometers of one.

The deadly late-November quake that hit West Java was 5.6 magnitude but at a shallow depth. A 6.1 quake struck at a deeper depth on Saturday sending people running from buildings but it did not cause major damage or casualties.

 

 

 

Source: Voice of America

China’s Xi Unwilling to Accept Vaccines Despite Threat From Protests, US Says

Chinese leader Xi Jinping is unwilling to accept Western vaccines despite the challenges China is facing with COVID-19, and while recent protests there are not a threat to Communist Party rule, they could affect his personal standing, U.S. Director of National Intelligence Avril Haines said Saturday.

Although China’s daily COVID cases are near all-time highs, some cities are taking steps to loosen testing and quarantine rules after Xi’s zero-COVID policy triggered a sharp economic slowdown and public unrest.

Haines, speaking at the annual Reagan National Defense Forum in California, said that despite the social and economic impact of the virus, Xi “is unwilling to take a better vaccine from the West, and is instead relying on a vaccine in China that’s just not nearly as effective against omicron.”

“Seeing protests and the response to it is countering the narrative that he likes to put forward, which is that China is so much more effective at government,” Haines said.

“It’s, again, not something we see as being a threat to stability at this moment, or regime change or anything like that,” she said, while adding: “How it develops will be important to Xi’s standing.”

China has not approved any foreign COVID vaccines, opting for those produced domestically, which some studies have suggested are not as effective as some foreign ones. That means easing virus prevention measures could come with big risks, according to experts.

The White House said earlier in the week that China had not asked the United States for vaccines.

One U.S. official told Reuters there was “no expectation at present” that China would approve western vaccines.

“It seems fairly far-fetched that China would greenlight Western vaccines at this point. It’s a matter of national pride, and they’d have to swallow quite a bit of it if they went this route,” the official said.

Haines also said North Korea recognized that China was less likely to hold it accountable for what she said was Pyongyang’s “extraordinary” number of weapons tests this year.

Amid a record year for missile tests, North Korean leader Kim Jong Un said last week his country intends to have the world’s most powerful nuclear force.

Speaking on a later panel, Admiral John Aquilino, the commander of the U.S. Indo-Pacific Command, said China had no motivation to restrain any country, including North Korea, that was generating problems for the United States.

“I’d argue quite differently that it’s in their strategy to drive those problems,” Aquilino said of China.

He said China had considerable leverage to press North Korea over its weapons tests, but that he was not optimistic about Beijing “doing anything helpful to stabilize the region.”

 

 

Source: Voice of America

Courts Convict Former Officers of the Closed Orani Rural Bank (Bataan), Inc

The Regional Trial Court of Balanga City (RTC-Balanga) and the Municipal Circuit Trial Court-Orani-Samal (MCTC-Orani-Samal) in Bataan convicted former officers of the now-closed Orani Rural Bank (Bataan), Inc. (Orani RB) for violating Republic Act (RA) No. 8791 (The General Banking Law of 2000), RA No. 7353 (The Rural Banks Act of 1992), and the Revised Penal Code (RPC).

The courts convicted Tomas Antonio A. Ortiguera, former Chief Operating Officer, and Democrito M. Dominguez, Jr., former Compliance Officer, of Orani RB for their participation in the creation of ten fictitious loans amounting to Php 6,928,000.00. They were able to facilitate these spurious loans by falsifying the loan and related documents of the alleged borrowers, which were discovered by the BSP during an investigation of Orani RB’s loan transactions after its closure.

RTC-Balanga found both accused Ortiguera and Dominguez guilty beyond reasonable doubt of ten counts of violation of Section 55.1(a) of The General Banking Law of 2000, as penalized under Section 36 of RA No. 7653 (The New Central Bank Act). Each was sentenced to suffer the penalty of imprisonment of two (2) years and one (1) day, minimum, to four (4) years, maximum, for each count.

RTC-Balanga also found Ortiguera guilty beyond reasonable doubt of one count of violation of Section 26 of the Rural Banks Act of 1992 and was sentenced the same penalty.

For its part, MCTC-Orani-Samal found Ortiguera and Dominguez guilty beyond reasonable doubt of two counts and one count, respectively, of falsification of commercial or public documents under Article 172(1), in relation to Article 171(2) of the RPC. They were each sentenced to suffer the penalty of imprisonment of three months minimum, to one year and one day, maximum, and to each pay a fine of Php 5,000.00, which will be converted to imprisonment in case of failure of payment.

The BSP promotes good governance among banks in line with its broader efforts to ensure the soundness of the financial system and to protect the interest of the public.​

 

 

Source: Bangko Sentral ng Pilipinas (BSP)

FSCC Assesses Current Global Market Conditions as it Highlights Domestic Strength

In its recent Financial Stability Coordination Council (FSCC) Executive Committee (ExeComm) meeting, FSCC Chairman and Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla highlighted the strong economic momentum of the Philippines despite challenges from the global environment. He, however, noted that the country should continue to be cognizant of the effects of supply bottlenecks, high inflation, and heightened policy rates on the economy.

 

The Council remains focused on possible systemic risks arising from the challenging global market. It continues to assess and address the needs of the Filipino public, taking a pre-emptive view in managing financial market risks.

 

In the photo, FSCC Chairman and BSP Governor Felipe M. Medalla (third from right) is with Insurance Commission Commissioner Dennis B. Funa (third from left), Philippine Deposit Insurance Corporation President Roberto B. Tan (rightmost), and BSP Deputy Governor Chuchi G. Fonacier who are members of the FSCC Executive Committee. Also in the photo are Bureau of the Treasury Treasurer Rosalia V. De Leon, and FSCC Technical Secretariat Head and BSP Senior Assistant Governor, Dr. Johnny Noe E. Ravalo (leftmost).

 

 

Source: Bangko Sentral ng Pilipinas (BSP)

FootballCoin Announces World Cup-Inspired Fantasy Football Contests

The Fantasy Football World Cup 2022 is finally here.

Featured Image for FootballCoin

Featured Image for FootballCoin

LONDON, Dec. 03, 2022 (GLOBE NEWSWIRE) — FootballCoin, a blockchain-powered fantasy football game, has announced the launch of the Fantasy Football World Cup 2022. The World Cup-inspired contests provide players with the opportunity to collect all of the player NFTs available in-game, as well as earn crypto prizes. Established in 2017, FootballCoin was built using blockchain technology. Today, it has blossomed to become one of the oldest play-to-earn games in the crypto space.

An entirely free-to-play game, FootballCoin features cryptocurrency prizes that can be won and converted into real money. However, this game does not involve gambling of any kind. Instead, players are challenged to leverage their football knowledge in order to win prizes such as collectible player cards that live on the blockchain, unique NFTs that can be used to enhance a user’s fantasy football squad, and other daily prizes.

FootballCoin will host World Cup fantasy football contests for every match in the tournament. Players can earn attractive bonus prizes by participating in two new challenges during this special event. The first of the two new challenges will reward the best FootballCoin team managers based on total points (coefficient) accrued during the World Cup. The second challenge will reward the managers who achieved the best total score (points gathered from official contests and private contests).

The top leaders in each category can expect to win prizes of up to 50.000 XFC (native cryptocurrency of the game). XFC is freely transferable by FootballCoin users both inside and outside of the game. The token can be traded for Bitcoin and other cryptocurrencies on exchanges such as WhiteBit, and it can also be used to pay competition fees or purchase footballer and stadium cards in-game.

FootballCoin features contests from 11 international leagues, with over 400 collectible player cards currently available on the market. Users can also compete to own one or more of the 49 legendary stadiums available through the game.

Getting started with FootballCoin is simple. Players can create an account on the FootballCoin website, where they will then be prompted to select the contests they wish to compete in with their future team. Once the contest selection is completed, players can immediately begin crafting their dream team before advancing to competitions where they can win cryptocurrency and other digital prizes.

To play FootballCoin and participate in the upcoming fantasy World Cup opportunities, please visit https://www.footballcoin.io.

About FootballCoin

FootballCoin is a blockchain-powered fantasy football game established in 2017. It’s a free Web 3 game that endorses a play-to-earn model. The company’s vision is to create a bridge between the worlds of professional sports and crypto.

Contact Information:
Media Team
support@footballcoin.io

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