10 dead in Philippine election day violence


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MANILA // At least 10 people died across the Philippines in election day violence on Monday, as gunmen attacked polling stations, ambushed vehicles and stole vote counting machines, police said.

However, authorities described the violence as isolated incidents and that the overall conduct of the elections - which will see tens of millions of people cast their votes for president and 18,000 other positions - was peaceful.

In the worst attack, seven people were shot dead in an ambush before dawn in Rosario, a town just outside of Manila known for political violence, said Chief Inspector Jonathan del Rosario, spokesman for a national police election monitoring task force.

In Guindulungan, a small impoverished town in the strife-torn southern Philippine province of Maguindanao, where warlord-politicians have their own private armies, a voter was shot dead inside a polling station, police said.

A bystander was also killed when a grenade was launched at a market in Cotabato, a major city in the south that neighbours Maguindanao, as people were casting their votes, police said.

In the nearby town of Sultan Kudarat, a stronghold of the nation’s biggest Muslim rebel group, 20 men forced their way into a voting centre and carted away voting machines, police chief Senior Inspector Esmael Madin said.

In the northern province of Abra, infamous for politicians killing each other, armed supporters of rival mayoral candidates shot at each other, leaving one person dead and two wounded, provincial police spokeswoman Marcy Grace Marron said.

Police arrested two men and two women with guns after the fighting in the mountainous town of Lagayan, 350 kilometres north of Manila, Ms Marron added.

Still, elections commissioner Rowena Guanzon said the violence would not impact the result, noting they had taken place in known “hot spots” where extra security forces were in place.

Military spokesman Colonel Noel Detoyato also voiced little alarm.

“There are isolated incidents. (They) had minimal effect on the conduct of the elections,” he said.

Fifteen people had been confirmed killed in pre-election violence since the start of the year, according to the national police poll monitoring taskforce.

Political violence is a longstanding problem in the Philippines, fuelled by lax gun laws, corrupt security forces and political “dynasties” that often have their security forces.

Rodrigo Duterte, the tough-talking mayor of southern Davao city, is the favourite to win the presidential elections after campaigning on a platform of killing thousands of criminals that critics say will incite more violence.

* Agence France-Presse

If you go

The flights
Emirates flies from Dubai to Seattle from Dh5,555 return, including taxes.


The car
Hertz offers compact car rental from about $300 (Dh1,100) per week, including taxes. Emirates Skywards members can earn points on their car hire through Hertz.


The national park
Entry to Mount Rainier National Park costs $30 for one vehicle and passengers for up to seven days. Accommodation can be booked through mtrainierguestservices.com. Prices vary according to season. Rooms at the Holiday Inn Yakima cost from $125 per night, excluding breakfast.

HIV on the rise in the region

A 2019 United Nations special analysis on Aids reveals 37 per cent of new HIV infections in the Mena region are from people injecting drugs.

New HIV infections have also risen by 29 per cent in western Europe and Asia, and by 7 per cent in Latin America, but declined elsewhere.

Egypt has shown the highest increase in recorded cases of HIV since 2010, up by 196 per cent.

Access to HIV testing, treatment and care in the region is well below the global average.  

Few statistics have been published on the number of cases in the UAE, although a UNAIDS report said 1.5 per cent of the prison population has the virus.

The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

Company%20profile
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Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

Personalities on the Plate: The Lives and Minds of Animals We Eat

Barbara J King, University of Chicago Press 

I Feel Pretty
Dir: Abby Kohn/Mark Silverstein
Starring: Amy Schumer, Michelle Williams, Emily Ratajkowski, Rory Scovel
 

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MATCH INFO

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Liverpool 5
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Roma 2
Dzeko (81'), Perotti (85' pen)

Second leg: May 2, Stadio Olimpico, Rome

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Fuel economy, combined 11.4L / 100k

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