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Showing posts from June 6, 2018

EU warns UK-centered China import scamm mayshift to Europe's 'Silk Road'

Francesco Guarascio
BRUSSELS (Reuters) - European Union anti-fraud investigators suspect Greece and Hungary may have become the main EU centers of a multi-million-euro scam involving imports of Chinese clothing and footwear that uses the infrastructure of China’s new “Silk Road”.The large-scale fraud, which involves underdeclaring the value of imported goods to pay lower duties and sales taxes, was first uncovered in Britain, where it had gone on for years, prompting the European Commission this year to demand that London pay 2.7 billion euros ($3.1 billion) in lost customs duties to the EU budget.Officials at the EU anti-fraud agency OLAF said they now suspected the scam could have shifted to Hungary and to the port of Piraeus in Athens, which has been majority-owned by China’s state-owned COSCO Shipping (601919.SS) since 2016.Hungarian and Greek customs data show a surge of undervalued clothing and footwear imports from China over the past two years, OLAF officials told Reuters. They…

Trade impact of the Belt and Road Initiative

The major global trade boost which could come from significant cost reductions, and what might get in the way
Download ReportExecutive summaryThe Belt and Road Initiative is increasing transport connections between Asia and Europe with potential consequences for international trade. Trade between the countries involved accounts for more than a quarter of world trade, so better connections and the lower trade costs that come with them could have a significant global impact. A halvingin trade costs between countries involved in the BRI couldincrease world trade by 12%, with countries in Eastern Europe and Central Asia set to benefit most, but the benefits will depend on where trade costs fallhttps://think.ing.com/reports/trade-impacts-of-the-belt-and-road-initiative/

Drug lords enter Balochistan’s political arena

Balochistan, with its rugged mountains and deserts, shares a long porous border with Afghanistan and Iran. It serves as a transit route for drug dealers, and it is the den of drug couriersMomin ManzoorJUNE 7, 2018The induction of the drug mafia into politics is affecting the lives of people in Balochistan. The province has been in the throes of an insurgency for more than a decade, which kept it far from normal. The province is suffering due to a bad law and order situation. Since the separatist insurgency has gripped the province, lawlessness, particularly kidnapping for ransom and drug smuggling, has mushroomed in Balochistan.Anti-social elements like drug smugglers, criminals and land mafia have successfully reaped benefits out of this abysmal situation. Balochistan, with its rugged mountains and deserts, shares a long porous border with Afghanistan and Iran. It serves as a transit route for drug deals and is a den of drug couriers.These elements are extremely powerful and firmly e…

Pakistani army attacked in three districts by Balochistan Liberation Front

(Sangar News)The spokesperson of Balochistan Liberation Front Goharam Baloch, called media houses from an unknown location and claimed responsibilities of multiple attacks on Pakistani forces in district Kech, Panjgur and Awaran.Goharam Baloch said, on June 6, 2018 BLF snipers attacked an outpost of Pakistani army in Tump, district Kech. One army personnel killed in this attack.He added, on June 5, 2018 BLF fighters attacked Pakistani outpost with heavy weaponry in Mashkai, district Awaran. Heavy losses occurred to the occupying forces as result of attack.In another attack carried out by BLF fighters on June 4, 2018 in district Panjgur, BLF fighters attacked Pakistani army outpost with heavy weaponry in Siadumb, Gechk, district Panjgoor. Heavy losses occurred to the occupying forces.Goharam Baloch vowed that these attacks will continue till the liberation of Balochistan.  http://sangarpublication.com/home/page/748.html

RWR Advisory: Belt and Road at a Glance

Top DevelopmentsChina Pursues $10 Billion Investment Package in Peru
The first stages of a $10 billion investment package were unveiled in Peru in recent days. On June 1, Chinese Ambassador to Peru Jia Guide announced that COSCO Shipping will build and operate a $2 billion port near the capital of Lima. The same day, Aluminum Corporation of China (Chinalco) began work on a $1.3 billion expansion of the Toromocho copper mine in central Peru. And China Railway Engineering Corporation (CREC) announced plans to build a port in Ilo, the capital of Peru’s copper mining region. Interestingly, however, Edgar Patino, Peru’s National Port Authority, said he was unaware of any proposal from CREC and that any port expansion work would be contracted via a public auction.Myanmar Gets Cold Feet Over Kyaukphyu Cost Concerns
A deep-water facility due to be built at Kyaukphyu, Myanmar by a consortium led by China’s CITIC Group is under review by Myanmar’s government. According to the Financial Times, t…

SupChina: Drunken Dance

Wednesday, June 6, 2018Janet Yang on cinema, China, and being an Asian-American woman TOP STORIESGIF by Lucas Niewenhuis. View pronunciation video from Jia.Read this in your browser, see our newsletter archives, or view our Access archives for members.1. Facebook, Huawei, ZTE — the drunken danceAmerican and Chinese tech industries and their regulators are like a bipolar couple doing a drunken dance where they alternately kiss and try to throttle each other. Today’s dysfunctional behavior includes the latest Facebook scandal:Facebook signed agreements that “gave private access to some user data to Huawei, a telecommunications equipment company that has been flagged by American intelligence officials as a national security threat, as well as to Lenovo, Oppo and TCL,” reports the New York Times (paywall).The four deals are still in effect, but Facebook officials “said in an interview that the company would wind down the Huawei deal by the end of the week.”“Huawei said Wednesday it has ne…

BNM Information Secretary releases monthly report of HR violations in Balochistan

Today Baloch National Movement Central information Secretary Dil Murad Baloch has released the report of May 2018 regarding the existing situation in Balochistan. The report tells Pakistan military has carried several operations in the month of May in occupied Balochistan that caused the death of civilians; people were forced to move to other areas; and several were abducted and killed during military operations.  The information secretary stated, “The barbarity of Pakistani security forces was at peak. Forces carried out 41 operations and arrested 71 people and sent them to torture cells; 30 houses were looted, and 10 houses were burnt down.”He added, “17 baloch lost their lives in the same month; 8 peoples from Jaho are included those who died while drinking contaminated poisonous water: The incident that took the lives of 8 innocents, draws a picture of helplessness and of slavery.”According to the local people Pakistan Army conducted operation, and contaminated the water with the …

Current Balochistan: Conflict Update from ground

06/6/2018
DASHT:-▶Before one year occupying States army abducted Mujeeb S/O Shambe From jatt bazar area of Dasht, Kech, On 6 June 2018 he was released and he is back to his home.
06/6/2018
QUETTA:-▶Unidentified armed men opened fire on police vehicle,due to which police personnel were seriously injured in Arbab kram  khan road ,Quetta. They were shifted to a nearby hospital for medical.

06/6/2018
AWARAN:-▶On 4 June Pakistani army abducted several womens and children from district Awaran ,  Some of them were released and were warn to build their houses near military camp,  And many of them were brutally beaten,  As we received a news said that women  namely  Bibi Jumaiti was quested and her mobile was looked up, after that Bebi Jumaiti was seriously beaten by army,  Bebi Jumaiti is sister of martyr Nazeer jan,  Nazeer was martyrd in 2015 in a battle with Pakistani army.Source: Baloch Social Media groups

In Cambodia, stalled Chinese casino resort embodies Silk Road secrecy, risks

Brenda GohPrak Chan ThulBOTUM SAKOR, Cambodia (Reuters) - The Dara Sakor Seashore Resort seems a long way off the new Silk Road that China is building to connect Asia with Europe.A five-hour drive from Cambodia’s capital, Phnom Penh, Dara Sakor was once touted by the Chinese company building it as a city-sized casino resort for “extravagant feasting and revelry”.Today, it is a sprawl of mostly empty hotel buildings, deserted beach bars and the unfinished shell of a casino on a remote part of the Cambodian coast. Beyond the resort, the dusty foundations of a planned investment zone stretch down to a container port - both unfinished and idle.Despite its troubles, the resort and surrounding development has been lauded as a champion of China’s Belt and Road initiative, as the new Silk Road is officially known.But the embrace of developments like Dara Sakor, whose operations are opaque and economically unclear, seems to run counter to Chinese pledges that Belt and Road projects will be o…