A Rohingya Muslim woman, who crossed ove rby boat  from Myanmar into Bangladesh, wails beside her relativewho fell unconscious after the boat capsized at Shah Porir Dwip, Bangladesh, on Thursday, September 14, 2017. Nearly three weeks into a mass exodus of Rohingya fleeing violence in Myanmar, thousands are still flooding across the border in search of help and safety in teeming refugee settlements in Bangladesh. The woman survived. Dar Yasin / AP
A Rohingya Muslim woman, who crossed ove rby boat from Myanmar into Bangladesh, wails beside her relativewho fell unconscious after the boat capsized at Shah Porir Dwip, Bangladesh, on Thursday, SeptShow more

Amnesty report reveals Myanmar's horrific persecution of Rohingya Muslims



“Irrefutable evidence” of a scorched-earth campaign against the Rohingya in Myanmar has been published by Amnesty International as the UN called for “immediate steps” to end what it condemned as ethnic cleansing.

On Thursday, Amnesty said analysis of fire-detection data, satellite imagery, photographs and videos from the ground, along with interviews with dozens of eyewitnesses in Myanmar and Bangladesh revealed more than 80 sites had been set ablaze in an “orchestrated campaign of systematic burnings”.

The human rights organisation said the new evidence pointed to a mass-scale, scorched-earth campaign across northern Rakhine state over the past three weeks, where Amnesty reported Myanmar security forces and vigilante mobs were burning down entire Rohingya villages and shooting people at random as they try to flee.

“The evidence is irrefutable — the Myanmar security forces are setting northern Rakhine State ablaze in a targeted campaign to push the Rohingya people out of Myanmar. Make no mistake: this is ethnic cleansing,” said Tirana Hassan, Amnesty International’s Crisis Response Director.

Around 400,000 out of just over 1 million mainly stateless Rohingya in Myanmar have fled into Bangladesh amid military operations launched in the wake of attacks on August 25 by the Arakan Rohingya Salvation Army which left 12 security personnel and one official dead.

An estimated 1,000 to 3,000 people have been killed over the past three weeks and thousands of properties destroyed.

__________________

Read more:

__________________

The need for humanitarian aid in Bangladesh has now reached “massive” proportions the UN said on Thursday.

“We urge the international community to step up humanitarian support and come up with help,” Mohammed Abdiker, director of operations and emergencies for the International Organisation for Migration, told a news conference in Dhaka, adding the need was “massive”.

The powerful United Nations Security Council made a rare condemnation of recent events in Rakhine, after even China — which has close ties with the Myanmar government and considerable financial investment in its smaller neighbour — was persuaded to back the criticism.

After the 15-nation UNSC meeting in New York, UN secretary-general Antonio Guterres called for a halt to the military campaign in Rakhine and said the mass displacement of Rohingya amounted to ethnic cleansing.

"I call on the Myanmar authorities to suspend military action, end the violence, uphold the rule of law and recognise the right of return of all those who had to leave the country,” he said.

Asked if he agreed the Rohingya population was being ethnically cleansed, he replied: "When one-third of the Rohingya population has got to flee the country, can you find a better word to describe it?"

According to Amnesty, fires had been detected across large swathes of predominantly Rohingya areas. In areas of mixed population, properties belonging to the Muslim minority had been burned, while those of their ethnic-Rakhine neighbours were intact. The true extent of the destruction was likely to be much higher as monsoon cloud conditions made it difficult for satellites to pick up all burnings.

_________________

Read more:

_________________

Amnesty quoted one 48-year-old man saying he witnessed army and police storm into his village of Yae Twin Kyun in northern Maungdaw township on September 8.

“When the military came, they started shooting at people who got very scared and started running. I saw the military shoot many people and kill two young boys. They used weapons to burn our houses. There used to be 900 houses in our village, now only 80 are left. There is no one left to even bury the bodies.”

The group said it had been able to corroborate the burning by analysing photographs taken from across the Naf River in Bangladesh, showing huge pillars of smoke rising inside Myanmar.

In another testimony recorded by Amnesty, a Rohingya man who fled his home in Myo Thu Gyi in Maungdaw township on  August 26 said:

“The military attacked at 11am. They started shooting at houses and at people, it went on for around an hour. After it stopped I saw my friend dead on the road. Later at 4pm the military started shooting again. When people fled, they burnt the houses with bottles of petrol and rocket launchers. The burning continued for three days. Now there are no homes in our area — all are burnt completely.”

________________

Read more:

________________

Amnesty said it was able to confirm there were large-scale fires in Myo Thu Gyi on August 28 by using satellite detected fire data.

As evidence and condemnation of abuses grow the Myanmar authorities continue to deny wrong doing, blaming Rohingya for burning their own properties and seeking to portray allegations of atrocities as “fake news” or as Aung San Suu Kyi put it,  “a huge iceberg of misinformation”.

But attempts to keep other countries onside appear to be faltering, despite efforts in Myanmar to suggest otherwise.

On Thursday, state newspaper The Global New Light of Myanmar carried this quote from China’s ambassador to Myanmar, Hong Liang. “The stance of China regarding the terrorist attacks in Rakhine is clear, it is just an internal affair. The counter-attacks of Myanmar security forces against extremist terrorists and the government’s undertakings to provide assistance to the people are strongly welcomed.”

And Myanmar said last week it was negotiating with Russia and China to ensure they blocked any censure by the UN Security Council over the violence in Rakhine state.Those negotiations appear to have failed. Although China had blocked a proposal during the UNSC meeting from Egypt to add language on ensuring the right of return to the Rohingya sheltering in Bangladesh, British ambassador Matthew Rycroft stressed that it was the first time in nine years that the Security Council was able to agree on a common stance on Myanmar.

He said that that after a briefing from UN officials to the council on the "catastrophe" of Rakine, “We were united in our concern about the situation.”

_______________________

Read more:

_______________________

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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.”

Pari

Produced by: Clean Slate Films (Anushka Sharma, Karnesh Sharma) & KriArj Entertainment

Director: Prosit Roy

Starring: Anushka Sharma, Parambrata Chattopadhyay, Ritabhari Chakraborty, Rajat Kapoor, Mansi Multani

Three stars

Spider-Man: No Way Home

Director: Jon Watts

Stars: Tom Holland, Zendaya, Jacob Batalon 

Rating:*****