Smokes and flames billow from vehicles in Hpruso township, Kayah state, Myanmar on Saturday. Troops rounded up villagers, some believed to be women and children, fatally shot more than 30 and set the bodies on fire, a witness and other reports said. Photo: AP
Smokes and flames billow from vehicles in Hpruso township, Kayah state, Myanmar on Saturday. Troops rounded up villagers, some believed to be women and children, fatally shot more than 30 and set the bodies on fire, a witness and other reports said. Photo: AP
Smokes and flames billow from vehicles in Hpruso township, Kayah state, Myanmar on Saturday. Troops rounded up villagers, some believed to be women and children, fatally shot more than 30 and set the bodies on fire, a witness and other reports said. Photo: AP
Smokes and flames billow from vehicles in Hpruso township, Kayah state, Myanmar on Saturday. Troops rounded up villagers, some believed to be women and children, fatally shot more than 30 and set the

Save the Children staff missing in deadly Myanmar attack


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International aid group Save the Children has said it is suspending operations in Myanmar's strife-torn Kayah state after two staff members went missing in an attack that left at least 30 people dead, including women and children, with many bodies burnt.

"We have confirmation that their private vehicle was attacked and burnt," the statement said.

The two workers were travelling to their home villages for the year-end holidays when they were caught up in the violence in the eastern state, Save the Children said on Saturday.

The charred remains of more than 30 people, including women and children, were found in burnt-out vehicles in Myanmar on Saturday, a rebel group and a monitor said.

A villager said he had seen 32 bodies, while Save the Children said at least 38 people were killed

Opposition groups on Saturday blamed the military, which seized power from a civilian government in February, for the carnage on Friday near Mo So village of Hpruso town.

State media reported that troops opened fired and killed an unspecified number of "terrorists with weapons" from armed opposition forces fighting the military government.

A member of a local People’s Defence Forces group said its fighters had found the vehicles on Saturday morning after hearing the military had stopped several vehicles there in response to clashes with its fighters nearby on Friday.

“When we went to check in the area this morning, we found dead bodies burnt in two lorries. We found 27 dead bodies,“ he said on condition of anonymity.

“We found 27 skulls,“ another witness said.

The charred remains of more than 30 people, including women and children, were found in burnt-out vehicles in Myanmar on Saturday. Photo: AP
The charred remains of more than 30 people, including women and children, were found in burnt-out vehicles in Myanmar on Saturday. Photo: AP

Photos shared by Karenni Human Rights Group and local media showed the charred remains of bodies on burnt-out truckbeds.

“We are horrified at the violence carried out against innocent civilians and our staff, who are dedicated humanitarians, supporting millions of children in need across Myanmar," said Save the Children's chief executive, Inger Ashing.

Myanmar has been in turmoil since the military on February 1 overthrew the elected government of Nobel Prize laureate Aung San Suu Kyi, who has been sentenced to four years' detention and faces multiple other criminal charges.

At least 1,375 people have been killed and more than 8,000 jailed in crackdowns on protests and armed opposition since the coup, according to a tally of the Association for Assistance of Political Prisoners.

The military government disputes those numbers and says soldiers have also been killed in clashes.

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GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

Score

Third Test, Day 2

New Zealand 274
Pakistan 139-3 (61 ov)

Pakistan trail by 135 runs with 7 wickets remaining in the innings

DUNGEONS%20%26%20DRAGONS%3A%20HONOR%20AMONG%20THIEVES
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Our legal consultant

Name: 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.”

Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

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Brighton 1
Gross (50' pen)

Tottenham 1
Kane (48)

MIDWAY

Produced: Lionsgate Films, Shanghai Ryui Entertainment, Street Light Entertainment
Directed: Roland Emmerich
Cast: Ed Skrein, Woody Harrelson, Dennis Quaid, Aaron Eckhart, Luke Evans, Nick Jonas, Mandy Moore, Darren Criss
Rating: 3.5/5 stars

CONCRETE COWBOY

Directed by: Ricky Staub

Starring: Idris Elba, Caleb McLaughlin, Jharrel Jerome

3.5/5 stars

Get inspired

Here are a couple of Valentine’s Day food products that may or may not go the distance (but have got the internet talking anyway).

Sourdough sentiments: Marks & Spencer in the United Kingdom has introduced a slow-baked sourdough loaf dusted with flour to spell out I (heart) you, at £2 (Dh9.5). While it’s not available in the UAE, there’s nothing to stop you taking the idea and creating your own message of love, stencilled on breakfast-inbed toast.  

Crisps playing cupid: Crisp company Tyrells has added a spicy addition to its range for Valentine’s Day. The brand describes the new honey and chilli flavour on Twitter as: “A tenderly bracing duo of the tantalising tingle of chilli with sweet and sticky honey. A helping hand to get your heart racing.” Again, not on sale here, but if you’re tempted you could certainly fashion your own flavour mix (spicy Cheetos and caramel popcorn, anyone?). 

The story in numbers

18

This is how many recognised sects Lebanon is home to, along with about four million citizens

450,000

More than this many Palestinian refugees are registered with UNRWA in Lebanon, with about 45 per cent of them living in the country’s 12 refugee camps

1.5 million

There are just under 1 million Syrian refugees registered with the UN, although the government puts the figure upwards of 1.5m

73

The percentage of stateless people in Lebanon, who are not of Palestinian origin, born to a Lebanese mother, according to a 2012-2013 study by human rights organisation Frontiers Ruwad Association

18,000

The number of marriages recorded between Lebanese women and foreigners between the years 1995 and 2008, according to a 2009 study backed by the UN Development Programme

77,400

The number of people believed to be affected by the current nationality law, according to the 2009 UN study

4,926

This is how many Lebanese-Palestinian households there were in Lebanon in 2016, according to a census by the Lebanese-Palestinian dialogue committee

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Updated: December 26, 2021, 6:17 AM