Bangkok // With the anniversary of a devastating cyclone only two months away, the Myanmar government has agreed to allow operations of a massive international relief and reconstruction effort, co-ordinated by the United Nations and the regional grouping of South East Asian countries, to continue for another year.
Cyclone Nargis lay to ruin large parts of the country in May, especially the Irrawaddy Delta, to the west of the former capital, Yangon. More than 140,000 people were reported to have died and 2.5 million were left homeless.
The Tripartite Core Group brings together representatives of the UN, the Association of South East Asian Nations (Asean) and the Myanmar government to co-ordinate and monitor international efforts to rebuild the areas hit by the cyclone. The extension of the TCG's work was formally agreed at the recent regional summit of South-east Asian leaders in the Thai beach resort of Hua Hin.
"The extension reflects Asean's confidence that the mechanism is working efficiently in facilitating the distribution and utilisation of assistance from the international community to support" Myanmar's relief and recovery efforts, the group's chairman, Kyaw Thu, was quoted as saying in a press release issued from Yangon. "It also shows the government of Myanmar's trust in the TCG partners to continue helping the cyclone-affected people."
Recently there had been considerable concern within Asean countries that Myanmar may no longer be interested in keeping the group going. It was set up in June, after an international donor meeting chaired by the UN secretary general, Ban Ki-moon, helped funnel funds from international donors and established a way to monitor progress.
"The TCG has proven to be an invaluable mechanism to help co-ordinate and facilitate the efforts on the ground, and the extension of this partnership will further facilitate and quicken the recovery phase," Bishow Parajuli, the UN's resident and humanitarian co-ordinator in Myanmar, said in an interview. "Nevertheless, it remains a continuous challenge to get sufficient funding for the country's large-scale recovery needs."
When the group announced its three-year recovery plan - the Post-Nargis Recovery and Preparedness Plan - last month and appealed for fresh funding, most major donors said their continued support for the reconstruction efforts in the Myanmar was contingent on extending the core group's mandate for at least one year. The detailed plan is expected to cost US$691 million (Dh2.5 billion).
"The UN in Myanmar, as well as the humanitarian community, is positive that the donors will continue supporting the Nargis-affected communities," Mr Parajuli said.
But many donors remain cautious. "The EU has provided considerable support to the victims of cyclone Nargis in the Irrawaddy Delta, and the delivery and monitoring of this aid has been greatly facilitated by the TCG," David Lipman, ambassador of the European Commission to Thailand, Myanmar, Laos and Cambodia, said.
"While our support is not directly dependent on the extension of the TCG, we are as a consequence more comfortable to continue our work to assist recovery."
Although the blueprint drawn up by the international group working in Myanmar provided a detailed plan for the future, the key concerns are obvious, the UN says. "Increasing people's access to clean drinking water, restoring livelihoods and building communal shelters before the next cyclone season beginning in May, are some of the key priorities," Mr Parajuli said.
"There is also a continued need to rebuild physical infrastructure including schools, health facilities, and cyclone-resistant shelters, with a strong emphasis on disaster-risk reduction in all efforts."
Many NGOs are concerned that the international community's humanitarian efforts in Myanmar are being hijacked by the needs of reconstruction in the Delta. But the UN chief in Yangon dismissed these concerns and suggested that actually the joint post-cyclone efforts may provide a model for development assistance elsewhere in Myanmar.
"There is an acute need for assistance and support in other areas of the country and I believe that the collaborative achievements in the Delta can serve as an example for the provision of relief and development support also in other parts of the country," Mr Parajuli said.
But the Johns Hopkins University School of Public Health in the United States and Burma Economic Watch at the Australian Macquarie University recently levelled major criticisms against the post-Nargis relief and reconstruction efforts. "The people of the Delta told us how the Burmese military regime hindered cyclone-relief efforts, confiscated aid supplies and land, and used forced labour, including forced child labour, in its reconstruction efforts," Chris Beyer, who co-ordinated the Johns Hopkins University study, said.
The Australian study showed that virtually all reconstruction is dominated by the military government in a "top down" role that excludes the private sector and is condoned by the tripartite group's three-year plan. "It is a throwback to the state-driven, planning mindset that in the 1950s and '60s condemned countless developing countries to stagnation and retreat," said Sean Turnell, a professor of economics, who heads Burma Economic Watch.
The core group's recommendations will perpetuate the impoverishing policies and programmes of the country, he said.
The UN and others involved in the group dismissed these claims. There are procedures in place to track the funds and ensure full accountability and transparency, Mr Parajuli said.
"The whole approach to enhancing co-ordination by the Ponrepp, has taken a bottom-up perspective, looking through the lens of maximising the impact of recovery assistance in the field to the beneficiaries, and working upwards while seeking better ways to strengthen field operations," he said.
ljagan@thenational.ae
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
List of alleged parties
May 12, 2020: PM and his wife Carrie attend 'work meeting' with at least 17 staff
May 20, 2020: They attend 'bring your own booze party'
Nov 27, 2020: PM gives speech at leaving party for his staff
Dec 10, 2020: Staff party held by then-education secretary Gavin Williamson
Dec 13, 2020: PM and his wife throw a party
Dec 14, 2020: London mayoral candidate Shaun Bailey holds staff event at Conservative Party headquarters
Dec 15, 2020: PM takes part in a staff quiz
Dec 18, 2020: Downing Street Christmas party
THE BIO
Favourite holiday destination: Whenever I have any free time I always go back to see my family in Caltra, Galway, it’s the only place I can properly relax.
Favourite film: The Way, starring Martin Sheen. It’s about the Camino de Santiago walk from France to Spain.
Personal motto: If something’s meant for you it won’t pass you by.
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Fatherland
Kele Okereke
(BMG)
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
UAE currency: the story behind the money in your pockets
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.”
PAKISTAN v SRI LANKA
Twenty20 International series
Thu Oct 26, 1st T20I, Abu Dhabi
Fri Oct 27, 2nd T20I, Abu Dhabi
Sun Oct 29, 3rd T20I, Lahore
Tickets are available at www.q-tickets.com
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Griselda
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%C2%A0Andr%C3%A9s%20Baiz%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%C2%A0%3C%2Fstrong%3ESof%C3%ADa%20Vergara%2C%20Alberto%20Guerra%2C%20Juliana%20Aiden%20Martinez%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Election pledges on migration
CDU: "Now is the time to control the German borders and enforce strict border rejections"
SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom"
Tips for job-seekers
- Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
- Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.
David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East
Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin
The%20specs
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Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics
SPEC%20SHEET%3A%20NOTHING%20PHONE%20(2a)
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A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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The%20specs%3A%202024%20Panamera
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ICC Intercontinental Cup
UAE squad Rohan Mustafa (captain), Chirag Suri, Shaiman Anwar, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Saqlain Haider, Ahmed Raza, Mohammed Naveed, Imran Haider, Qadeer Ahmed, Mohammed Boota, Amir Hayat, Ashfaq Ahmed
Fixtures Nov 29-Dec 2
UAE v Afghanistan, Zayed Cricket Stadium, Abu Dhabi
Hong Kong v Papua New Guinea, Sharjah Cricket Stadium
Ireland v Scotland, Dubai International Stadium
Namibia v Netherlands, ICC Academy, Dubai
COMPANY%20PROFILE
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Specs
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Women%E2%80%99s%20T20%20World%20Cup%20Qualifier
%3Cp%3E%3Cstrong%3EUAE%20fixtures%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E25%20April%20%E2%80%93%20Ireland%20v%20UAE*%3Cbr%3E27%20April%20%E2%80%93%20UAE%20v%20Zimbabwe**%3Cbr%3E29%20April%20%E2%80%93%20Netherlands%20v%20UAE*%3Cbr%3E3%20May%20%E2%80%93%20UAE%20v%20Vanuatu*%3Cbr%3E5%20May%20%E2%80%93%20Semi-finals%3Cbr%3E7%20May%20%E2%80%93%20Final%3Cbr%3E%3Cstrong%3EUAE%20squad%3A%20%3C%2Fstrong%3EEsha%20Oza%20(captain)%2C%20Al%20Maseera%20Jahangir%2C%20Avanee%20Patel%2C%20Heena%20Hotchandani%2C%20Indhuja%20Nandakumar%2C%20Kavisha%20Kumari%2C%20Khushi%20Sharma%2C%20Lavanya%20Keny%2C%20Mehak%20Thakur%2C%20Rinitha%20Rajith%2C%20Samaira%20Dharnidharka%2C%20Siya%20Gokhale%2C%20Suraksha%20Kotte%2C%20Theertha%20Satish%2C%20Vaishnave%20Mahesh.%3C%2Fp%3E%0A%3Cp%3E*Zayed%20Cricket%20Stadium%3C%2Fp%3E%0A%3Cp%3E**Tolerance%20Oval%3C%2Fp%3E%0A
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
