A day after South Korea’s foreign minister went to visit; Japan’s 168 lawmakers came over the Yasukuni Shrine, a controversial shrine linked to war. Yasukuni celebrates over war dead of Japan and war criminals. The Chinese ambassador was summoned by Japan government after eight of its patrol ships sailed near the selected islands. As stated by the Chinese, they are monitoring Japanese vessels, because a group of Japanese rebels were found sailing their boats in the area.
The group of lawmakers was visiting the shrine in Tokyo for the spring festival. Deputy Prime Minister Taro Aso and two other cabinet members were also visiting the shrine last Sunday correcting the nearby regions who views the place as Japan’s reminder from the militarism in the past. The Prime Minister Shinzo Abe made a habitual offering but did not come to pay visit to the shrine. In connection with the minister’s visit Seoul cancelled the visit while China lodged a representation that is solemn.
Foreign Ministry spokeswoman Hua Chunying stated on Monday that only when Japan faces its past will it embraces the future and made friendly relationships in nearby Asian provinces. But according to Japanese lawmaker Hidehisa Otsujji, it is just the nature of the authorities to pay respect to a shrine where several people have died for the country. Tensions have risen in East China sea islands ,Senkaku in Japan and Diaoyu in China fought again because of a number of Chinese vessels in the area since the nationalization of the island chain since September 2012. The island chain has been claimed by China and Taiwan but the place is being controlled by Tokyo.
South Korea was reported to have already increased the alert level because of the threats that North Korea has been giving. It was labeled and described as a vital threat in the country because North Korea was predicted to have planned the missile test to scare the South and its allies. A ballistic missile that was already estimated to be two thousand miles away from the South was reported to be ready to launch anytime.
Pyongyang in North Korea was the base where the weapons are hidden and the area continues to create threats against the South Korean county. The threats given will be facing a tougher UN sanctions that will be imposed to North Korea who were giving the numerous threats including that threat on the third nuclear test. South Korea already conducted an investigation due to a cyber attack that has affected so many buildings, workforce, and banks.According to the news, the communist-led country will have their preparations done and be ready to launch a missile. The launching was already expected anytime.
The news agency in Korea called Yonhap has also reported that the forces that has combined the US and South Korea already tightened the alert level and increased the monitoring. The statement given to Yonhap was given by a military official. The Foreign Minister of South Korea said in a statement that anytime from now the launching of the ballistic missile might push through. If North Korea would go on with the launching of the missile, is a clear violation of the United Nations Security Council Resolution in 1718.
It was reported that North Korea will not be considered a nuclear state according to the United States. This announcement came after the announcement of North Korea on restarting their nuclear reactors which was said to be not at work since 2008. The U.S. Secretary of State John Kerry said in an interview.
Following the declaration of a state war with South Korea last Saturday, Pyongyang in North Korea is set to turn their nuclear reactors and activate it amidst the tension between the two Korean countries. The said threats begin to escalate because of the North Korean leader Kim Jong-Un’s decisions. The action of the current Korean Communist leader was considered to be provocative reckless, and is way too dangerous. The news agency in North Korea reported that their atomic energy department will restart the nuclear facilities of North Korea. The said facilities are housed inside a nuclear complex in Yongbyon.
Coming from the Washington, the Secretary‘s exact statement was not accepting the Democratic People’s Republic of Korea as a nuclear state. This statement was said during a brief meeting with the South Korean Foreign Minister. The statement added that the U.S. is eager and ready to defend their country and its people also including its allies, like South Korea. It was reported last Sunday that the North Korean was also determined to strengthen their nuclear weapons and the announcement on Tuesday declaring that nuclear reactors will be open is one of the evidence that the Communist leader was also eager and committed in the North Korean Weapons Program.
A slow growth in China’s profit in 2012 was reported by two of the largest Bank in the country. The annual report was already released by the banks and a weak result on the country’s profit growth has surfaced. China is considered to be the world’s second largest economy.
A report coming from the Bank of China reflected that there was an increase of 12.2% in the profit growth in 2012. The recorded growth since 2006 until 2012 has generated an amount of 139.4 Billion Yuan that is equivalent to $22.4 Billion. The main source of profit in the bank is coming from its net interest rate income. There was an increase of 12.7% in the interest rate income.
Another bank in China, the Agricultural Bank of China has also released a record of 19% on a yearly increase in their net profits. The net profit was recorded to reach an amount of 145.1 billion yuan in 2012. This was recorded to be a slow growth according to the filed records from the bank. The bank also released a statement saying they have an interest rate income of up to 341.9 Billion yuan last year. This marked an 11.3% gain on the net interest income. The two banks in the country have placed the blame on the failure of the loans. It is the country’s liberalization on the interest rate that caused the slow growth in profit, according to an analyst of a banking sector. An expansion of the country’s economy was visible in 2012 but was described as a slow pace for almost thirteen years.
Two countries in Asia that are known to have gambling tables are found in Macau and Singapore. Now, a newly opened Mega Casino in the capital of the Philippines has joined the ranks of the two Asian countries in terms of having a luxurious casino. The Solaire Resort and Casino opened in Manila and is considered to be catering the Filipinos and other tourists in the Philippines with their world-class casino and resort.
The said Mega Casino can already compete with other gambling spots in Singapore and Macau. The Resort and Casino is located in the country’s Entertainment City, which was built to hold different gaming and entertainment venues. The Solaire Resort and Casino cost $1.2 Billion. It is described to have a number of 1,200 slot machines and a 300 gaming table for a money wheel, blackjack, baccarat and many more. It also boasts its 6 thousand square meter gaming salon exclusive for its VIPs. The 18,000-square-meter casino offers an attraction similar to the casinos in Las-Vegas in the U.S.
According to a report from CNN, a government owned corporation called PAGCOR or the Philippine Amusement and Gaming Corporation is regulating gambling in the country since 1976. The new mega casino was developed a traded company called Bloomberry. A report coming from Macau Daily Times said that the new casino would attract a lot of businesses. The Philippines have different casinos but the Mega Casino, Solaire is the only one reported to compete with other Asian casinos.
Honkong has jailed a woman who was laundering money since2002. Lam Meiling a local resident of Dongguan has been laundering a total of $860 Million in several banks in Hongkong. The 61-year-old woman was jailed for almost ten years for money laundering. She has made forty thousand bank transfers from the year 2002 until 2005. According to her, the money that she transferred to different banks in Hongkong came from a factory owner in her hometown. She detailed that it was part of her job to transfer the money to another factory owners in China.
Lam Meiling was arrested in 2008 because two of her bank accounts were investigated and evidence showed a big amount of money that lead to laundering. She said that she got her money from monthly payments on her services. She added that she was an illiterate person. Lam’s bank account was investigated due to a complaint filed by a Dutch citizen. According to the reports of the media, the laundered money through 9 banks amounted to $20 Million or equivalent to £13 Million monthly.
Report says that it is easier for financial transactions to run in Hongkong because it has become a well known place for Chinese people to have their companies be based in Hongkong since it is a lot easier for them to travel and transact in Honkong. It was also reported that earlier this year the biggest laundering case discovered in Honkong amounted to $1.68 million where a delivery man from the Guangdong province was convicted for laundering the huge amount of money.
The Agreements on the Interest Rate Swap was investigated by the Financial Services Authority of the UK. It was reported that there is a percentage of 90 mis-sold interest rate swap sales. The banks who failed on the particular area triggered the FSA to investigate the sales of such products banks have been offering. There are guidelines given as a result of the investigation and the banks are prompted to meet the criteria. There are two categories under the guidelines, first it would be for the bigger firms who were really well informed about the product and second, to those small firms that does not have any idea about the product being sold to them.
The Financial Conduct Authority’s CEO made a remark on the actions that were made by FSA. The FSA as regulators for the nation will also ensure a reasonable and fair outcome both for small and large businesses. Most will resort to specialist claims companies like at InterestRateSwapsClaim.co.uk to get their compensation for them. The following banks that started their own review of the individual claims are already expected to pay out for the compensation to the customers where the product was mis-sold, but in their own time and to perhaps their own rules. It is expected for the smaller banks to begin their review. Banks in the UK like, HSBC, the Royal Bank of Scotland, and Barclays have started their investigation.
The Federation of Small Businesses has appreciated the work that was carried out by the FSA. The National Chairman of the Federation said that there isn’t enough clarity on how a redress would look like. He also encouraged the different banks to smoothly carry out the review and be able to give the right compensation to those caught up in the mis-selling of Internet Rate Swaps scandal.
It is simply amazing to see sports enthusiast who offer their entire life for the love of sports. Most of the time players who often excel in their individual fields in sport feel contented while they do their job and make a name for themselves in the world. We know a lot about famous athletes who have already devoted their life in playing their valued game. Having known them succeed is also a pride they carry with them all their lives.
Believe it or not at the age of one hundred one, someone can still manage to run. The World’s Oldest Marathon runner named Fauja Singh who has been running in different marathons for over a decade already made us believe that anything can be possible. The 101- year-old Fauja Singh already completed nine marathons that forty-two kilometer far. It was just last Sunday that he has made his last run in a race that took place in Honkong. Since he has been running long distance marathons, he thinks it is already time for him to rest. He put an end to his career last Sunday. He already made a lot of money that is allotted for different charities that he was supporting.
The runner was also known as the Turbaned Tornado. Most of his fans see him wearing his Turban while he joins different marathons. This is his head wear that is traditionally worn by him. When he was interviewed, he said that he was determined to run as long as he wants to after suffering depression when he witnessed his son’s death. The said incident encouraged him to have another focus in life and that was to focus in long-distance runs.
The natural calamities brought by weather disturbances are always unexpected. Most of the time a lot of people could not prepare for the said calamity. The unwanted disasters like flash floods, earthquake, typhoons, and landslides are examples of the phenomenon people would least expect coming in their areas. Tons of homes and infrastructures are destroyed by the said calamities and in worse scenarios, the people’s lives is put at risk.
There were so many calamities in Asia that have occurred in countries like Thailand, Japan, and Indonesia who was struck by a deadly earthquake and tsunami that destroyed almost everything in the country. It took a long time for the said countries to recover from great loss pf properties, livelihood sources, and love ones. Another calamity struck a part of Indonesia. There was a landslide in the mountainous area of Manado that is situated in the Northern part of Sulawesi. So many residents in the area were buried alive because of the mud that washed away their homes.
Last Saturday, heavy rain poured in Manado and the non-stop rain was the cause of the landslide. After the incident, many rescuers and some residents helped in recovering the body of people who were buried. Others were dead and only a few did survive the tragedy. The Disaster Agency in North Sulawesi gave a report on the number of casualties affected by the landslide and the toll of death already reached seventeen. People who were alarmed of the ongoing landslide were evacuating as fast as they can. Some made but those who were left and didn’t have the time to run were buried. The number of casualties included children. Most of the residents were not able to save anything from their homes because they have secured the members of their family.
You can see a population in China where they are almost described to be treated as immigrants even if they are from China. These people belong to the Hukou System and most of them are the so called migrant workers. They have the worse situation and treated not equal among the rest of the Chinese citizens. They make up most of the urban population in China but they are considered by the government as illegal. The Hukou System does not help them a lot because they are not entitled of having the benefits like education and health care which is supposed to be given to everyone in a particular country. They say that this kind of treatment is unfair and does not help the Chinese economy.
The Hukou is a household registration system that was meant to put a division in the Chinese population considering both the rural and urban residents. The said system was labeled to be discriminating and this was proven due to an incident in China where a bridge has collapsed and those who were affected would receive compensation from the government. The said compensation would vary according to what system you belong to. If you belong to the urban Hokou you would be receiving 400,000 yuan and the rural Hukou would have 180,000 yuan.
A lot of activists in China were against this type of system because it does not give equality to its citizen. The poor suffer the consequences and they are deprived of their rights. One democracy activist from China wants a reform in the Hokou system so that it would benefit the country and the world.