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Retail – The wizards of Oz

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US increases support for Taiwan in recognition battle with China

first_imgTopics : “We are also willing to work with the United States and countries with similar ideals to promote the shared common goals of freedom and democratic values, and continue to strive for even wider international space for Taiwan,” the ministry said.There was no immediate reaction from Beijing, which is already angry about Trump’s accusations that China poorly handled the coronavirus outbreak.China’s defense ministry on Thursday accused the United States of playing a dangerous game with its support for Taiwan, after a US warship passed through the sensitive Taiwan Strait.One of the act’s authors, Senator Cory Gardner, said the law was needed to respond to Chinese pressure on, and bullying of, Taiwan.”This bipartisan legislation demands a whole-of-government approach to ramp up our support for Taiwan, and will send a strong message to nations that there will be consequences for supporting Chinese actions that undermine Taiwan,” he said in a statement.The United States has been particularly concerned about China hiving off Taiwan’s allies in the Pacific and Latin America, areas of the world Washington traditionally considers its zone of influence.Taiwan now only has diplomatic relations with 15 countries, almost all small and developing nations like Nauru, Belize and Honduras.  US President Donald Trump has signed into law an act that requires increased US support for Taiwan internationally, which will likely infuriate a China already angry with Trump’s criticism of the handling of the coronavirus outbreak.China claims democratic and separately ruled Taiwan as its own territory, and regularly describes Taiwan as its most sensitive and important issue in ties with the United States.While the United States, like most countries, has no official relations with Taiwan, the Trump administration has ramped up support for the island, with arms sales and laws to help Taiwan deal with pressure from China.center_img The Taiwan Allies International Protection and Enhancement Initiative (TAIPEI) Act, signed by Trump into law on Thursday with strong bipartisan support, requires the US State Department to report to Congress on steps taken to strengthen Taiwan’s diplomatic relations.It also requires the United States to “alter” engagement with nations that undermine Taiwan’s security or prosperity.Taiwan complains that China is poaching the dwindling number of countries that maintain formal ties with Taipei and has prevented it from participating in bodies like the World Health Organization. China says Taiwan is merely one of its provinces, with no right to recognition as a country.Taiwan’s foreign ministry welcomed the US law and thanked the United States for its support for Taiwan’s “diplomatic space” and right to international participation.last_img read more

Scandalous! $1.5bn Sports Investor, Arabella, Unknown in UK

first_imgThe proposal by a supposed UK-based Arabella 21st Century sports/marketing company, and some investors to plough about $1.5 billion into the Nigerian Professional Football League (NPFL) may turn out a huge joke after all.Following the buzz generated by the proposal by Arabella 21st Century as represented by its CEO/President, Otunba Femi Carrena, during his meeting with Nigeria Sports Minister, Solomon Dalung, recently Nigerian sports enthusiasts who were concerned about the reality of such investment coming from the UK or Europe where they are based sought to find out those behind the project. An investigation carried out by BEN TV, a UK-based first ethnic media channel in Europe on Arabella 21st Century including reaching out to UK’s company registration body, Company House, did not show any result.Really, it did show that UK Company House, (equivalent of Nigeria’s Corporate Affairs Commission) may not have any record of Arabella 21st Century in its system.Infact, the only known website for Arabella 21st Century, has its domain name suspended since September 30th 2016 for inability to renew it.The suspension of Arabella 21st Century domain name since September could have caused the panic among sports enthusiasts who felt a company willing to invest $1.5 billion in Nigeria but could not afford a few dollars, less than $100, to renew its domain name must be unserious or at best itself looking for survival strategy in Nigeria.Further checks also showed that the only known project with Arabella 21st Century was the award of a contract to manage the arenas for the 15th National Sports Festival hosted by Ogun State Gateway Games Commission in 2006.How well did Arabella 21st Century performed in the task of managing that project can only be answered by Ogun State Gateway Commission.The news of such investment is a welcome development and a relief to many followers of Nigeria’s NPFL. The amount is staggering, capable of turning Nigeria’s sports around for the best and a huge step forward, however, it will be another blow to this government if it ended being another false hope.While the BEN TV report is not questioning the possible interest of Arabella 21st Century’s investment in Nigeria, it said that the company and its proprietors need to sort out the company’s identity, make its presence known to UK authority, the Company House.“If it is trading from the UK as we are made to believe, it needs to resolve its few bucks payment for its website domain renewal, at least for Nigerians to check them out and their profile especially in sports and related projects management.”While meeting with Dalung with his proposal few days ago, Carrena insisted thatsome investors in the United Kingdom were willing to invest the amount in the NPFL.He had said with so much promise; “They want to bring in about $1.5billion into Nigerian football but there is a caveat to it. They are not going to tamper with the constitution, statutes or football article. It is the same thing they did in China and Japan.“The league board will operate with the NFF and the Ministry will be involved. They want to set up a football development company that will be quoted on the stock exchange and same will apply to all the football clubs in Nigeria.”Carrena also hinted that like any other investor, they’ll like to make money.“They want to come to Nigeria and manage our league for the next 20 years. After a meeting with the ministry and other stakeholders, they’ll set up the company but their Nigerian counterparts are expected to invest 30 per cent of the $1.5billion. They’re ready to put their own money into the stock exchange but they’ll have the controlling share,” stressed the sweet talking CEO of Arabella to the sports minister who welcomed the proposal with open arms.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Double cash rewards for SEA Games gold medalists

first_imgDuterte officials’ paranoia is ‘singularly myopic’ Drilon apologizes to BCDA’s Dizon over false claim on designer of P50-M ‘kaldero’ Duterte calls himself, Go, Cayetano ‘the brightest stars’ in PH politics The POC Executive Board headed by Tolentino has approved the additional cash bonus similar to the government financial package based on Republic Act 10699 or the National Athletes, Coaches and Trainers Benefits and Incentives Act.During the final coordination meeting with sports leaders last week, 45 national sports association collectively projected that the country would win at least 220 gold medals, enough for Team Philippines to reclaim the overall title in the Games.Chef de mission and PSC Chairman Butch Ramirez hailed the athletes and coaches for their commitment to go all-out in capturing the overall title.Tolentino, the former sports and rules committee chairman of the Philippine Southeast Asian Games Organizing Committee (Phisgoc), said Filipino athletes could collect 180 gold medals at the most.SEA Games gold performers will receive their cash bonuses during the POC Christmas party on Dec. 17 in an undisclosed venue.ADVERTISEMENT What’s behind the display of Chinese flag in Boracay? Priority legislation in the 18th Congress Don’t miss out on the latest news and information. MOST READ ONE: No break for Joshua Pacio as he stays ready for any challenger LATEST STORIEScenter_img PH billiards team upbeat about gold medal chances in SEA Games PLAY LIST 03:07PH billiards team upbeat about gold medal chances in SEA Games05:25PH boxing team determined to deliver gold medals for PH00:36Manny Pacquiao part of 2019 SEA Games opening ceremony00:50Trending Articles03:04Filipino athletes share their expectations for 2019 SEA Games00:45Onyok Velasco see bright future for PH boxing in Olympics02:25PH women’s volleyball team motivated to deliver in front of hometown crowd01:27Filipino athletes get grand send-off ahead of SEA Games00:59Sports venues to be ready in time for SEA Games Rice industry paralysis POC president Abraham “Bambol” Tolentino made the announcement during Wednesday’s Team Philippines send-off ceremony at the Ninoy Aquino Stadium in Manila.“We, at the POC, will try our best to give the same cash incentive that the government will provide to our athletes based on the law,” said Tolentino before a multitude of athletes, coaches and top sports officials present at the pep rally for the biggest SEA Games in history.FEATURED STORIESSPORTSGreatest ever?SPORTSFormer PBA import Anthony Grundy passes away at 40SPORTSSan Miguel suspends Santos, Nabong, Tubid indefinitely after ‘tussle’ in practiceIt means world champion gymnast Carlos Edriel Yulo, projected to capture at least five gold medals, can fatten his bank account by P3 million once the P600,000 bonanza for every gold has been given out.The same goes to other possible multiple gold medalists in medal-rich sports athletics, aquatics, traditional boat racing, billiards, shooting and arnis, among others. Philippine sporting legends with sports leaders at the official send off for the Southeast Asian Games.MANILA, Philippines–Winning a gold medal could be worth a fortune for Filipino athletes in the 30th Southeast Asian Games.From the P300,000 cash incentive that the Philippine Sports Commission will dole out to SEA Games winners, the Philippine Olympic Committee has promised to double the money for gold-medal performers.ADVERTISEMENT Apart from the P600,000 cash bonanza, gold winners are also expected to receive more from private sponsors such as Presidential Adviser for Sports Dennis Uy of Phoenix Petroleum and Manny Pangilinan of the MVP group of companies.Sports heroes Lydia De Vega-Mercado and Elma Muros-Posadas of athletics, bowling hall of famers Bong Coo and Paeng Nepomuceno, Asia’s first chess grandmaster Eugene Torre and Olympic silver medalists Mansueto “Onyok” Velasco of boxing provided the inspiration to the athletes.Also present during the pep rally for athletes were House Speaker and Phisgoc chair Alan Peter Cayetano and PSC Commissioners Ramon Fernandez, Celia Kiram, Charles Maxey and Arnold Agustin.A total of 1,115 Filipino athletes will compete in the 11-nation SEA Games on Nov. 30-Dec. 11 in Metro Manila, Southern Luzon, Subic and New Clark City in Capas, Tarlac.Sports Related Videospowered by AdSparcRead Next Matteo Guidicelli had saved up for Sarah G’s ring since 2014? View comments Ethel Booba on SEA Games cauldron: ‘Sulit kung corrupt ang panggatong’last_img read more