Tracking the leakage of German assault rifles in Philippines – Asia Times

In recent months, authorities have seized some uncommon European assault rifles in the Philippines ‘ Bangsamoro.

The region’s efforts to end decades of insurrection, problem, and violence highlight a prolonged protection challenge as it looks to conquer a decades of insurgency, corruption, and violence. Additionally, they mention a remarkable Spanish authorities practice.

In the violence-hitting municipality of Datu Saudi Ampatuan, in the heart of the conflict-affected Bangsamoro Autonomous Region of Muslim Mindanao ( BARMM), on November 9, a local official handed over four weapons to the police.

Two assault rifles with Armed Forces of the Philippines ( AFP ) markings and two Heckler &amp, Koch HK416 assault rifles, which local residents allegedly gave to the official, were included in the weapons.

In one of Southeast Asia’s most arms-saturated regions, a 2014 peace agreement between the government and the Moro Islamic Liberation Front ( MILF ) gave people the opportunity to bring in illicit weapons.

The government just launched an amnesty program that works with regional community leaders to obtain arms in exchange for state funding. Since its release in soon 2023, the plan has produced hundreds of firearms.

But the HK-416 firearms are distinct. They are only used by a limited number of police and military models, and they are not available for purchase on the human market.

According to German information on hands transfers, they could have only been exported to the Philippines between 2006 and 2012. In close proximity to each another, the authorities seized these firearms on at least three more times in 2024.

The initial arrest took place in February when a regional arms trafficker was being detained by police during a bite procedure in nearby Cotabato City. In May, authorities seized another HK-416 from an outlaw Girl chief in Sultan Kudarat, just northwest of Cotabato City. After spotting military men in a car at a local South Cotabato Province traffic checkpoint in July, police took another car.

Since HK-416s have not been seen in illegal flow in any other part of the Philippines, these situations are extremely tight in terms of time and place. Additionally, there is no evidence that they have been seized before 2024. The fact that several of these firearms have been collected by government forces in various circumstances suggests that there are more out there and that they were detainned in a systematic manner.

This raises a crucial issue: how did these ultra-modern rifles, which were only recently purchased by elite units ( Germany’s data suggests only 800 rifles were exported to the Philippines ) end up circulating in illicit possession throughout southwest Mindanao?

In a nutshell, government-held weapons may be diverted into illegal hands in a fairly limited number of ways: through field captures, loss, unexpected or planned fraud, looting, desertion, purposeful state-sanctioned diversion, or corruption. While it’s impossible to know the precise history of these rifles, some of these channels may be discounted. &nbsp,

Numerous military actors who may attempt to seize weapons through fight remain active in the BARMM. This includes the socialist New People’s Army, rogue parts of the MILF, or extreme Islamist parties like Dawlah Islamiyah.

The area is also replete with clan militias, usually overlapping with pro- and anti-government trained parties, that usually engage in violent rivalries. Any of these actors may reasonably seize these rifles by ambushing government forces or pillaging a federal arsenal.

But battle describes have become uncommon in Bangsamoro. Although often, government forces engage in attacks, they do not occur at the same rate or scale as they did in the past.

Armed organizations are typically willing to release pictures of captured weapons, but a constant check of NPA and Islamist resources does not reveal any HK-416-related claims. Several government forces have been launched recently that are powerful enough to feasibly seize several of these rare rifles in one incident.

Also, looting activities are unique and often take place within a larger security problems. When they surrounded the Marawi city ( today a part of the BARMM) in 2017, IS-aligned gunmen may have looted government outposts.

The HK-416s would have appeared in convulsions and loses properly before 2024, so there is little to suggest that they were leaked in this way. However, a spontaneous theft or loss would also be unlikely to divert some HK-416s without drawing major outside attention.

This suggests the weaponry would have been diverted through some method that involved inside support – either through state-backed escape, betrayal, planned fraud, or problem.

A well-known but largely illegal method in Bangsamoro, a hazy integration of state security forces and secret militias affiliated with powerful clans, families, and politicians, would probably take place if any of these diversion pathways were to happen.

The government has relied on security initiatives and organizations that are susceptible to political interference at the local and provincial levels in its effort to stabilize the region. This includes the Civilian Armed Forces Geographical Units ( CAFGUs ), which are armed volunteers hired to provide extra manpower to military and police units.

Local and regional elected officials have the authority to choose such volunteers and can use their authority to appoint their own cronies or buy off employees, typically giving them access to surplus state weapons.

Additionally, local police units answer local elected officials and the national police force. In this way, powerful clans and politicians can install loyalists in their neighborhood police departments, giving them some access to police armories, licensing procedures, and procurement channels. The 2009 Ampatuan Massacre is still relevant for demonstrating this dynamic, despite being 15 years old.

In a municipality named after the clan itself, gunmen affiliated with the powerful Ampatuan clan massacred dozens of people on November 23rd, that year. The victims were a political rival on his way to register for a local election, his entourage, and journalists documenting the process.

Security forces seized an incredible arsenal from the clan’s militia following the massacre, including machine guns and mortars that could only have been obtained from government armories as well as ammunition that had been purchased by police officers only a year prior.

The ammunition demonstrates how police can serve as a conduit for powerful clans and warlords to obtain weapons from illegal sources. Four officers purchased one million ammunition rounds from a Philippine arms manufacturer in 2008 ostensibly to conduct operations in a province close to the Ampatuans ‘ positions of power. Contrary to government guidelines, the officers reportedly paid$ 400, 000 in cash for the ammunition, despite the fact that they had no official purchase permits.

The ammunition was shipped from Manila to the enumerated province by the manufacturer, and it was taken four months later. Only a quarter of the 1,200 weapons taken from the Ampatuans were registered and legally owned; the rest could have been obtained through police or similar means.

In the BARMM, clan feuds and electoral violence are persistent sources of insecurity. Given the extent of the region’s still-present arms access and violence, the interconnected trends are so severe that they threaten the validity of the peace agreement from 2014. The HK-416s strongly suggest that arms traffickers, prominent clans, and armed actors can still source even modern government weapons through subtle forms of collusive diversion.

Although it may seem oppressing to the government, this highlights two positive aspects that merit praise. Only because the Philippine government actively and creatively seeks to return illicit weapons to state control and because military and police departments publicly disclose each seizure and surrender on their social media pages for the public to see if these HK-416s are identified and tracked can we identify and track them.

Such transparency is invaluable, it illuminates high-level trends that local or provincial units may not be able to detect. This information can help government agencies plan better interventions, such as targeted amnesties for particular high-value weapons or targeted police audits in areas where it is suspected that such weapons are expanding.

It also benefits international stakeholders. Armes exporters can use these reports to identify potential sources of revenue or to discover opportunities to support the Philippine government. Additionally, these disclosures provide a clearer picture of how security conditions in Bangsamoro are changing as they allow interested parties to track the flow of illicit weapons back into state control.

Other countries would be wise to use this information to make a public report.

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BNY hires Apac head of global markets trading, makes UAE appointment | FinanceAsia

Ashvin (Ash) Parkash has joined BNY on December 9 as head of global markets trading for Asia Pacific (Apac). 

The global bank has handed Parkash responsibility for accelerating its global markets trading services to clients across the Apac region, according to the a media release. 

Parkash (pictured) will continue to be based in Singapore and is joining BNY from Nomura, where he was responsible for electronic distribution across fixed income and FX. With 25 years of industry experience, in addition to Nomura, Parkash has held leadership roles at BNP Paribas, Citibank, and Lehman Brothers.

Parkash will report to Jason Vitale, BNY’s head of global markets trading, and Nelius De Groot, BNY’s head of markets international.

BNY is looking to grow its global markets trading business internationally and this latest move follows  the establishment of its EU trading desk, and the appointment of Bianca Gould as head of fixed income and equities for EMEA, earlier this year.

In the media release, Vitale commented: “A continues to present real opportunities for our business, as we see growing demand from our clients looking for differentiated execution services and high-quality solutions to streamline their operating model.”

Vitale added: “I’m thrilled to welcome Ash, whose track record in growing businesses and experience in product strategy make him an ideal fit as we deliver high-quality solutions for our clients across markets.”

UAE appointment

BNY has also appointed Madiha Sattar as managing director and Growth Ventures partner, in a newly created global role based in the United Arab Emirates (UAE).

Sattar has joined the leadership team of BNY’s Growth Ventures business, which oversees new businesses that sit between technology, data, and investment solutions.

Last year, BNY invested in Abu Dhabi-based financial tech firm Alpheya, which is developing an end-to-end wealth management platform for wealth and asset managers in the Middle East.

As Growth Ventures partner, Sattar will play a strategic role working with clients in the region to build and invest in regional and global opportunities across financial markets data and analytics, wealth technology, and alternative assets data and distribution.

With over 20 years’ experience across operating and strategy roles, Sattar joins BNY from Careem, a MENA super app sold to Uber in 2019 for $3.1 billion, where she built and led several new businesses. Prior to that, Sattar spent time at JP Morgan Chase and McKinsey in New York.

BNY has been operating in the UAE for over 26 years and was recently granted a category 4 license by the Financial Services Regulatory Authority to expand its offering to clients within the Abu Dhabi Global Market. 

Akash Shah, chief growth officer and global head of growth ventures at BNY, said, “We are excited to welcome Madiha, who brings deep experience to the business and will play a strategic role as we accelerate the GCC’s ambitions to become a global centre of technology and financial services.”

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Vietnam shows resilience, benefits from ‘China +1’ | FinanceAsia

In 2024, Vietnam’s main indices returned nearly 10 %, thanks to corporate reforms and a strong economic backdrop, which have resulted in a rise in risk appetite for the asset class. Despite disruptions caused by powerful Typhoon Yagi in September, the economy expanded by 7.4 % during Q3 2024, exceeding government estimates, which forecast growth between 6.8 % and 7 % for the year.

The financial performance highlights underlying endurance as well as a healing from weather-related setbacks. Q3 trade turnover increased by 19 %, while foreign direct investment ( FDI) reached$ 17 billion, according to Hung Nguyen, senior economist at Dragon Capital, Vietnam’s largest fund manager.

” The market is shifting cogs and grabbing global interest”, Nguyen said. As industrialization continues to strengthen the country’s producing capabilities, tech giants are expanding their footprint. In addition to the charge advantages, Vietnam is also the main receiver of multinational companies adopting” China 1″ strategies, where US businesses are diversifying their production reliance beyond a second nation.

The Chinese-Vietnamese purchase transition has taken place without compromising Beijing and Hanoi’s diplomatic relations. Vietnam continues to be its largest trading partner and major importer of goods. In the first three quarters, bilateral trade increased by 21 % in comparison to the same period last year, reaching$ 148 billion.

Vietnam is attracting powerful producers who need highly skilled workers to expand their existence, helping the nation proceed up the production value chain. This attracts both fundamental industries and powerful producers.

The introduction of new tax-subvention methods, such as the New Digital Industry Law, will provide a financial and administrative platform to encourage large-scale jobs in semiconductor and data centers, according to the New Digital Industry Law, which is scheduled to be passed in June 2025. Without a comprehensive national framework, most investment cases are handled on a case-by-case basis, which is less efficient, Nguyen explained to FinanceAsia.

Cautious approach remains

Hanoi’s success comes at a time when Washington and Beijing’s relations are at a sour. Through the use of a bamboo diplomacy strategy, a term that emphasizes a flexible foreign policy that embodies the characteristics of the indigenous plant that can bend in multiple directions without breaking, Vietnam is navigating through geopolitical difficulties that other countries have also encountered.

Vietnam has managed to position itself as a trustworthy partner to the economic rivals, according to Ismael Pili, head of institutional sales at Ho Chi Minh Securities Corporation, in a conversation with FA.

Despite the investment lags and stable relationships with the world’s two largest economies, Pili claims that fund managers are cautious as questions surrounding trade tariffs and their effects loom over the region. Vietnam is a victim of its own success, he explains, because it presents itself as an alternative hub to China and draws unwanted attention to its current account surplus with the US.

The criticism that Vietnam is transhipping goods in order to avoid tariffs on Chinese products, with nearly finished items imported solely to be shipped outside of the nation to avoid a” Made in China” label, is one of the unintended consequences.

According to Dragon Capital’s Nguyen, Hanoi is developing a systematic framework to better monitor these accusations. Additionally, Vietnam’s Ministry of Industry and Trade and the US Department of Commerce are working closely together to expedite the signing of a rule of origin agreement.

Investment implications

Trade tariffs anywhere could prevent new capital from entering the region because of the integration of Asia’s supply chains. With Trump’s re-election, his administration may favor a transactional strategy to achieve early victories, using tariffs or other economic tools to advance US interests, Nguyen said, adding that the Trump administration may even enshrine its restrictions even more.

Those concerns are not without precedent. During his first term in office, president Trump classified Vietnam as a currency manipulator, a mostly symbolic designation. Plans to accuse other Asian exporters of devaluing their currencies unfairly could indicate the administration’s priorities in the search for trade agreements as early winners.

In light of these uncertainty, the burden of making incremental investments shifts to Hanoi’s corporate reforms and market developments to attract foreign capital. Vietnam, which has been ranked as a FTSE Frontier market since 2018, hopes to be reclassified as an emerging market at some point in 2025, which would improve market liquidity by passive funds monitoring the global benchmark.

Although passive funds are good for the market, investors are still looking for potential future earnings, which could be hampered by increased demand for skilled labor and unreliable power supplies, according to Ho Chi Minh Securities ‘ Pili.

Elevated household savings rates reflect the current reluctance to spend, while the legacy of the anti-corruption campaign is also making corporations even more risk-averse, even&nbsp.

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Vietnam quiet, firm and resilient in the South China Sea – Asia Times

With overlapping states from various nations convergent in the resource-rich and strategically important canal, the South China Sea has long been a pot of stress and motivation. The conflicting and generally content relationship between Vietnam and China is at the center of the geopolitical debate.

The two countries previously allied during the Cold War are now at odds with one another in an escalating regional debate. Their adversaries ‘ conflict and hostility are clearly portrayed in the competing stories and power plays that determine their competitiveness in the conflicted waters.

China, with its sweeping “nine-dash line” claim, has aggressively pursued its goal of turning the South China Sea into what many see as a” Chinese lake”.

Beijing has transformed previously uninhabited islands into fierce military outposts thanks to enormous land reclamation tasks and the development of artificial islands with runways, weapon systems, and radar facilities.

These attempts, combined with regular naval patrols and political strong-arming, underscore China’s determination to argue supremacy over the area.

Vietnam, but, refuses to rear down. Vietnam is slowly but securely asserting its sovereignty, despite Beijing’s activities receiving a lot of media attention and frequently portraying the South China Sea dispute as a conflict between China and the United States or China and the Philippines.

Nowhere in the world is this more obvious than in the Spratly Islands, where Hanoi has increased its military presence in direct opposition to China’s wide states.

Vietnam’s approach is multi-faceted. On the one hand, it involves the design and development of military installations on the territory of its handle.

Vietnam had made significant progress toward land restoration in the Spratly Islands by the middle of 2024, growing roughly half as much territory as China did during the development of seven military installations between 2013 and 2016 compared to the start of 2016. This significant increase demonstrates Hanoi’s resolve to advance its proper position in the South China Sea.

Hanoi is upgrading its airstrips as well as fortifying its fortified troops with modern weapons and protective structures built to withstand potential attacks.

Vietnam is substantially expanding its security capabilities by using radar and maritime patrols to track activity in its disputed waters. These moves signal a calculated reply to China’s military, demonstrating Vietnam’s handle to protect its territorial dignity.

This confidence is rooted in Vietnam’s traditional experience. Vietnam views its independence with a strong sense of pride after enduring decades of Chinese dominance.

The South China Sea dispute, therefore, is not just about geographical boundaries or exposure to fish and undersea sources, it is a matter of national identity and traditional justification.

What makes Vietnam’s position particularly powerful is the David-versus-Goliath character of the conflict.

Vietnam has benefited from its strategic location, strong diplomatic ties, and expanding security partnerships to punch above its weight despite lacking the economic and military strength of its north neighbor.

Countries like the United States, Japan, and India have all recognized Vietnam’s crucial role in balancing China’s control in Southeast Asia. This has resulted in more military cooperation and arms deals that strengthen Hanoi’s defence capabilities.

Vietnam’s growing anger with ASEAN’s repeated delays and lack of cohesion in creating a bound Code of Conduct for the South China Sea has prompted Hanoi to map its own training in response to China’s extreme coastal growth.

Vietnam continues to support ASEAN as a foundation of regional diplomacy, but the bloc’s inability to form a unified front has made it difficult for it to confront a dominant and assertive power like China.

In response to this, Vietnam has adopted a dual strategy: promoting regional cooperation while pursuing independent actions to defend its sovereignty.

By constructing and upgrading bases, deploying advanced surveillance systems, and expanding its naval and air defense capabilities, Hanoi has significantly increased its military and strategic presence in tense areas, such as the Spratly and Paracel Islands.

It has also deepened partnerships with global powers, including the United States, Japan, India, and Australia, to counterbalance China’s influence and access advanced defense technologies. These alliances strengthen Vietnam’s military readiness and demonstrate its strategic significance in preserving a free and open Indo-Pacific.

Vietnam continues to support ASEAN as a foundation of regional diplomacy, but the bloc’s inability to form a unified front has made it difficult for it to confront a dominant and assertive power like China.

At its core, Vietnam’s approach reflects a pragmatic recalibration of its priorities, balancing regional multilateralism with self-reliance. This approach draws inspiration from its historical resilience in the face of larger adversaries, which demonstrates its unwavering support for its own interests and resistance to unilateral actions.

Vietnam’s assertive behavior sends a clear message to Beijing: it will not remain a passive observer while trying to reshape the South China Sea in its favor.

By adopting decisive measures, Hanoi is strengthening its position as a key player in the region’s geopolitical dynamics by upholding both solidarity and individual resolve. It is also urging others to acknowledge that collective security in Southeast Asia depends on both solidarity and individual resolve.

However, Vietnam’s actions are not without risk. Its strategic maneuver in the Spratlys could lead to a new escalation with China, whose military is significantly more sophisticated and sophisticated than Vietnam’s.

The future of the region, therefore, depends on the delicate balance of power between local actors like Vietnam and international players like the US, who both have vested interests in preserving freedom of navigation and preventing unilateral control by any one country.

In this complex geopolitical puzzle, Vietnam’s resilience stands out. By asserting its right to bear arms in the South China Sea, Hanoi is also sending a powerful message about how crucial it is to stand up to aggression no matter the odds.

One thing is certain: Vietnam is determined to chart its own course in one of the world’s most contested maritime regions. Whether this approach will lead to a peaceful resolution or further conflict is yet to be seen.

James Borton is the author of” Dispatches from the South China Sea: Navigating to Common Ground” and a non-resident senior fellow at Johns Hopkins/SAIS Foreign Policy Institute.

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‘Humans to blame’ for devastating floods in Northern Thailand

Wat Pha Sukaram in Chiang Rai's Mae Sai is seen submerged in floodwater in early September. Its abbot at the time used the temple's Facebook page to request for help from good Samaritans for those stranded in their homes near the temple. (Photo: Wat Pha Sukaram Facebook Page)
Wat Pha Sukaram in Chiang Rai’s Mae Sai can be seen submerged in stormwater in the first few days of September. The temple’s priest at the time requested assistance from good Samaritan for those trapped in their homes close to the church. ( Photo: Wat Pha Sukaram Facebook Page )

This time, flooding has devastated a lot of Thailand.

More than 50 persons died earlier in the year in the North, and at least 25 have died in the South. While culture change is largely concerned, there are specific man-made reasons for the crisis, Pianporn” Pai” Deetes told Bangkok Post’s” Deeper Dive” vodcast.

The Southeast Asia project director for the NGO International Rivers identified three distinct foundations for the problem: forest, rivers and invasion.

Ironic that a factor in flood is also to blame for the annual PM2.5 cloud in northeastern Thailand, which is caused by locals ‘ suffering as Ms Pianporn described citizens ‘ situation. Forest to grow maize for dog supply, and the subsequent using of the cornfields.

Mine is also a factor, especially in the Shan State, which is close to the border with Myanmar and burns the forests down to flower maize.

” Satellite pictures showed they are miners– may be gold mine, and it seems to be illegal … in Myanmar after the revolt three years ago, there are no such laws in place”, she told the vodcast.

” In Myanmar, there are fewer reviews because there isn’t enough journalism or civil society place.

There are also numerous activities, including opened mining sites in the Mae Sai River’s higher reaches as well as monocrop plantations, which are known to be a major cause of the mud floods in the Chiang Rai district and Tachileik district of Myanmar.

Forest causes a lot of mud and sand to flow into cities, villages, and towns, which “exacerbates” the storm effect on population.

” The treatment is still taking place in Mae Sai. The large machines are also bringing the sand and all of their people’s homes, according to Ms. Pianporn.

Northern Thailand’s flood is also a result of the increasing number of dams inland.

The advocate claimed that the dams on the Mekong, which were affected by the recent floods, are responsible for the release of water because it also happened in southwestern Yunnan [in China ] during the past two decades.

” We can see that the storm place in Chiang Rai drained more slowly because of the large volume ] of water along the Mekong River.

We are not blaming anyone, but [but ] I think China, as an inland power, needs to listen to its downstream neighbors because we are sharing this water course up.” So, it is important in the case of the Mekong, or in the case of any foreign streams like this, for governments to talk to each other.

She stated that the Office of Water Resources has written to China asking them to stop operating the dams because of their negative effects on [adjacent areas and floods.

Pianporn: Don't work against nature

Pianporn: Don’t work against nature

Apart from dams and deforestation, Ms. Pianporn identified encroachment on the rivers as a significant cause of flooding.

” I discussed with one historian…the real cause of this flood in Chiang Rai city. Even my mother’s foundation office, which is located on the edge of Chiang Rai town, was depicted in the old images of the old city of Chiang Rai.

” So our office is right on the old river!” And we didn’t know that,’ ‘ she said.

Building flood walls, she argues, is not the answer.

” They have a flood wall between the river and the city in many cases, much like Sukhothai or Nakhon Sawan.” However, flood walls are frequently cited as being extremely dangerous because they can break and have an even greater impact.

” So I think for the cities or towns in the northern region, I will recommend nature-based solutions,’ ‘ she said.

Ms Pianporn is a supporter of” sponge cities”, integrating towns with wetlands and lakes.

But in some cases, she said”, moving communities out of very dangerous areas to other places “is inevitable. But this should not be forced, she said, noting it should be carried out in an inclusive manner, with affected residents adequately compensated.

According to Ms Pianporn, the primary requirement right now is to start addressing the issues and working with nature rather than against it, and collaboration from stakeholders is required.

” I think the most important thing is that to recognise the real problem and identify the key factors and consult with multiple stakeholders, the experts, the engineers, the farmers, the urban dwellers and academics,” she said.

We should work together, not just the Ministry of Interior or the Royal Irrigation Department. I think we can as a group, but I still don’t see this kind of thoughtful discussion with various stakeholders, Ms Pianporn said.

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Humans to blame for devastating floods in North

Wat Pha Sukaram in Chiang Rai's Mae Sai is seen submerged in floodwater in early September. Its abbot at the time used the temple's Facebook page to request for help from good Samaritans for those stranded in their homes near the temple. Wat Pha Sukaram Facebook Page
In the first few days of September, Chiang Rai’s Mae Sai’s Wat Pha Sukaram was visible submerged in floodwaters. The temple’s priest at the time requested assistance from good Samaritan for those stranded in their homes close to the temple. He also at the time used the monument’s Facebook page. Twitter section for Wat Pha Sukaram

This year, flooding has devastated some parts of Thailand.

At least 25 people have died in the South more just, and more than 50 have already lost their lives in the North earlier this year. While culture change is largely concerned, there are specific man-made reasons for the crisis, Pianporn” Pai” Deetes told Bangkok Post’s” Deeper Dive” vodcast.

The Southeast Asia project director for the NGO International Rivers identified three distinct foundations for the problem: forest, rivers and invasion.

Ironic that a flood cause also contributes to the annual PM2.5 fog in northeastern Thailand, which is caused by locals ‘ suffering as Ms Pianporn put it, “half flood, half haze.”

Mine is also a factor, especially in the Shan State, which is close to the border with Myanmar and burns the forests down to grow maize.

” Satellite pictures showed they are mine– may be gold mine, and it seems to be illegal … in Myanmar after the revolt three years ago, there are no such laws in place”, she told the vodcast.

” In Myanmar, there are fewer reviews because there isn’t much media or civil society place.”

There are also numerous activities, including opened mining sites in the middle Mae Sai River and monocrop plantations, which are likely to be the main cause of the mud floods in the Chiang Rai district and Tachileik district of Myanmar.

Forest causes a lot of mud and sand to flow into cities, villages, and towns, which worsens or amplifies the storm effect on population.

” Mae Sai is also recovering from his or her past.” The large machines are also bringing the sand and all of their people’s homes, according to Ms. Pianporn.

The increasing number of rivers downstream is also a contributing factor to the flooding in northern Thailand.

The advocate claimed that the dams on the Mekong, which were affected by the recent floods, are also affected by the rain that also occurred in southern Yunnan [in China ], and that the dams that must release water.

Because of the high volume of water [often ] along the Mekong River, we can see that the water from the flood area in Chiang Rai drained more slowly.

We are not blaming anyone, but [but ] I think China, as an inland power, needs to listen to its downstream neighbors because we are sharing this water course up.” So, it is important in the case of the Mekong, or in the case of any foreign streams like this, for governments to talk to each another.

The Office of Water Resources wrote to China asking them to stop operating the dams in recognition of their impact on downstream areas and floods.

In addition to dams and deforestation, Ms. Pianporn identified encroachment on the rivers as a significant source of flooding.

” I discussed with one historian…the real cause of this flood in Chiang Rai city. Even my mother’s foundation office, which is located on the edge of Chiang Rai town, was shown the old images of the ancient city of Chiang Rai.

” So our office is right on the old river!” And we didn’t know that,’ ‘ she said.

Building flood walls, she argues, is not the answer.

” They have a flood wall between the river and the city in many cases, much like Sukhothai or Nakhon Sawan.” However, many cases around the world demonstrate that flood walls can be very dangerous because they can break and have an even greater impact.

” So I think for the cities or towns in the northern region, I will recommend nature-based solutions,’ ‘ she said.

Ms Pianporn is a supporter of” sponge cities”, integrating towns with wetlands and lakes.

But in some cases, she said”, moving communities out of very dangerous areas to other places “is inevitable. But this should not be forced, she said, noting it should be carried out in an inclusive manner, with affected residents adequately compensated.

According to Ms. Pianporn, the primary requirement at this time is to start addressing the issues and working with nature rather than against it, and to get the help of all parties involved.

” I think the most important thing is that to recognise the real problem and identify the key factors and consult with multiple stakeholders, the experts, the engineers, the farmers, the urban dwellers and academics,” she said.

Instead of just the Ministry of Interior or the Royal Irrigation Department, we should find a solution together. I think we can as a group, but I still don’t see this kind of meaningful consultation with various stakeholders, Ms Pianporn said.

Pianporn: Don't work against nature

Pianporn: Don’t work against nature

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Temasek creates Sbn private credit fund | FinanceAsia

A wholly-owned personal funds platform has been established by Singapore’s state-owned investment company Temasek, according to a media release from December 6.

The platform’s initial portfolio will amount to around S$ 10 billion ($ 7.46 billion ), consisting of direct investments and credit funds. &nbsp,

According to the transfer, the investment will be managed by a group of around 15 record investment professionals across offices in New York, London, and Singapore, who have been transferred from Temasek’s credit &amp, cross solutions team. Nicolas Debetencourt, the CEO of Temasek, will be in charge of the world platform. He has been in charge of funds &amp and cross solutions at Temasek since 2016.

Temasek has invested in credit cards for more than ten years. Temasek established a credit &amp, cross solutions team in 2016 to develop its direct and indirect investments in order to exploit a wider range of opportunities in the personal credit market.

The new system will be in contrast to Seviora Group, Temasek property management company, which includes SeaTown Holdings International, which offers personal credit options in Asia.

When FinanceAsia reached out for more info, a Temasek director said that at this point the company had nothing to add to the media transfer. &nbsp,

The decision comes after BlackRock made the deal to purchase HPS Investment Partners, a worldwide record manager based in New York, for$ 12 billion earlier in the month. In the world, personal funds is rapidly expanding, with Asia Pacific not a case in point. &nbsp,

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