LAS VEGAS (AFP) – Electronics giant Sony unveiled on Tuesday a new prototype of its Vision-S electric vehicle and announced the founding of a company to explore jumping into the rapidly growing market.
The Japanese firm, better known for its TVs and video game consoles, will create the Sony Mobility subsidiary in spring 2022 as it weighs entering the field.
Sony Chief Executive Officer Kenichiro Yoshida unveiled at the CES tech show in Las Vegas the Vision-S 02, a new version of the firm’s first prototype that has begun road testing.
Through this new branch, the electronics giant “intends to explore entry into the EV market”, it said in a statement.
The Vision-S is packed with internal and external sensors and is used by Sony to test its autonomous driving technologies.
The company is also working on entertainment systems.
The electric vehicle sector is still small, accounting for only about three per cent of current sales in the United States (US) but it is attracting a lot of interest and investment. General Motors has planned to invest more than USD35 billion in electric and autonomous vehicles by 2025.
Authorities in the US plan to spend billions of dollars to strengthen the network of charging stations or encourage individuals to abandon their fossil fuel-powered vehicles.
Two foreign workers who failed to produce valid immigration documents during a raid on rented rooms in Tutong District yesterday morning were taken in by immigration enforcement officers.
The Immigration and National Registration Department (INRD) said any foreigner found committing an offence will be brought to court and if convicted, they could be imprisoned, deported or blacklisted.
The public can report immigration violations to the INRD at 734888 and 8753888.
A foreign worker is quizzed during a raid by Immigration enforcement officers. PHOTO: INRD
TOKYO (AFP) – Japan’s rugby union season kicks off tomorrow with big ambitions, tongue-twister team names and a rebrand that has left some fans wondering which version of the sport they will be watching.
Japanese rugby chiefs want to create “the best league in the world” with 2019 world player of the year Pieter-Steph du Toit and Australians Samu Kerevi and Quade Cooper among the foreign talent on show.
Organisers also plan to invite southern hemisphere teams to play Japanese clubs in special “cross-border matches”.
But the rugby union competition’s new name – Japan Rugby League One – has confused some with its apparent reference to the 13-a-side version of the game.
And others have been left tongue-tied by rebranded team names such as NTT Communications Shining Arcs Tokyo-Bay Urayasu and NTT DoCoMo Red Hurricanes Osaka.
The launch has also been overshadowed by a whiff of scandal, with NEC Green Rockets Tokatsu firing Blake Ferguson this week after the former Australian rugby league international was arrested on drug charges.
The three-tier Japan Rugby League One – which replaces the old Top League – launches with a showpiece opener at Tokyo’s Olympic stadium tomorrow.
File photo shows Suntory Sungoliath’s Beauden Barrett catching the ball during the Japan Rugby Top League final match. PHOTO:AFP
“When the opportunity came across it was something I didn’t think twice about,” said Springbok flanker Du Toit, who has joined Toyota Verblitz.
“I think rugby at the moment in Japan is a really fast and highly skilled game and that’s probably the way the game is going in the future.”
Du Toit is one of a number of high-profile international players who have moved to Japan in recent years.
Australia captain Michael Hooper and New Zealand’s Beauden Barrett both had stints there last season, while World Cup-winning Springboks Malcolm Marx and Willie le Roux return for the new campaign.
Japan Rugby League One chief operating officer Hajime Shoji told AFP that teams will continue to lure top overseas players, who are attracted in part by the salaries on offer.
And he said plans are afoot to invite southern hemisphere sides to Japan to play the league champions.
“One thing that is different from what went before is that we’re looking outwards to the rest of the world and trying to connect,” he said.
Japanese clubs’ chances of signing more big names have been boosted by Australia’s loosening of the so-called “Giteau Law”, which bars overseas-based players from representing Australia unless they have appeared in at least 60 Tests.
A slight relaxation of the rule means more players are eligible to play for the Wallabies while plying their trade with teams overseas.
Kerevi, Cooper and Sean McMahon all played for Australia last year while keeping their lucrative Japanese club contracts.
But there is unlikely to be a recall for former Wallaby back Israel Folau, who has joined Shining Arcs for the new season.
Folau was sacked by Rugby Australia in 2019 for discriminatory comments.
“So far he’s been wonderful – he’s a great man and he’s been doing a lot of great things for the team,” Shane Gates said of his controversial new team-mate.
“Getting caught up in whatever’s happened in the past is not going to help us as a team.”
While eye-catching signings have grabbed the headlines, the biggest change for Japan’s new league is the way the clubs operate.
Previously they were run as divisions of corporate behemoths such as Toyota and Panasonic and league matches were organised by the Japan Rugby Football Union.
Now, clubs are responsible for their own matchday operations and finding sponsors, and must play their games in a designated “home area”, taking steps towards finding a permanent stadium.
Clubs have also taken on new names in a bid to move them away from their corporate roots and establish ties with local communities.
League officials are keen to rekindle the excitement generated by the 2019 World Cup, which was watched by millions of Japanese.
The launch of the new league was delayed by the COVID pandemic but the South African Gates believes it is not too late to regain momentum.
“I think the world has seen the growth of the Japanese national rugby team,” he said.
“I think now they’re hoping the domestic competition can also make that step up.”
BAGHDAD (AP) – A Katyusha rocket struck an Iraqi military base hosting United States (US) troops at Baghdad’s international airport yesterday, an Iraqi military statement said.
No damage or casualties were reported from the attack, the third in as many days since Monday’s anniversary of a US airstrike that killed top Iranian general Qassim Soleimani in Baghdad two years ago.
The Iraqi military statement said a rocket launcher with one rocket was located in a residential district in western Baghdad. The area has been used in the past by Iran-backed militias to fire rockets at the airport.
On Monday, two armed drones were shot down as they headed toward a facility housing US advisors at Baghdad airport. Two explosives-laden drones targeting an Iraqi military base housing US troops in western Anbar province were destroyed on Tuesday.
Pro-Iran Shiite factions in Iraq have vowed revenge for the killing and have conditioned the end of attacks against the US presence in Iraq on the full exit of American troops from the country.
The US-led coalition formally ended its combat mission supporting Iraqi forces in the ongoing fight against the Islamic State group last month. Some 2,500 troops will remain as the coalition shifts to an advisory mission to continue supporting Iraqi forces.
The top US commander for the Middle East Marine General Frank McKenzie warned in an interview with The Associated Press last month that he expects increasing attacks on US and Iraqi personnel by Iranian-backed militias determined to get American forces out.
A security official inspecting the wreckage of a drone at Baghdad airport, Iraq. PHOTO: AP
BAMAKO (AFP) – An envoy from West Africa’s regional bloc the Economic Community of West African States (ECOWAS) was in Bamako yesterday to hand a message to Mali’s junta leader ahead of a key summit, AFP reporters saw.
ECOWAS, in a document dated Monday, had said Goodluck Johnson, a former president of Nigeria, would deliver a message to Colonel Assimi Goita, but did not reveal its contents.
The bloc’s leaders, at an extraordinary summit in Accra last Sunday, will decide how to respond to a revised timetable proposed by the junta for returning the poor Sahel country to civilian rule.
The army has ruled Mali since toppling its elected president, Ibrahim Boubacar Keita, in August 2020.
The junta initially committed to holding elections by the end of February 2022.
But on December 30, the military-dominated government proposed a transition period lasting between six months and five years, starting from January 1 2020.
Former Nigeria President Goodluck Jonathan. PHOTO: AFP
This would enable the authorities to “carry out structural institutional reforms and (organise) credible, fair and transparent elections,” it said.
ECOWAS has led the push for the earlier timetable to be upheld. At a summit on December 12, its leaders reiterated demands that the elections be held by February 27 as initially planned.
They maintained sanctions such as asset freezes and travel bans within the ECOWAS region against around 150 junta figures and their families, and threatened further “economic and
financial” measures.
After leading the August 2020 putsch, Goita staged a de-facto second coup in May 2021, forcing out an interim civilian government.
The junta has cited persistent insecurity in Mali’s restive north as its reason for postponing the elections.
Swathes of the country’s territory are out of the government’s control as groups affiliated with al-Qaeda and the so-called Islamic State attack civilians and soldiers.
JOHANNESBURG (AFP) – Riyad Mahrez-captained Algeria are favourites to win back-to-back titles when a twice-delayed Africa Cup of Nations finally kicks off in Cameroon on Sunday.
The Desert Foxes are unbeaten in 33 matches – a record for an African national team – with the amazing run beginning with a 4-1 away triumph over Togo in November 2018.
To succeed again, however, Algeria will have to buck a trend as the last five African champions failed to defend the title with none advancing further than the round of 16.
Here, AFP Sport puts the spotlight on the four Group E contenders. The group winners and runners-up are assured of last-16 places while the best four third-placed teams from the six groups also qualify.
ALGERIA
Coach Djamel Belmadi has kept faith in the 2019 Cup of Nations-winning team with nine of those who started in the 1-0 final victory over Senegal heading to Cameroon.
While the 45-year-old France-born manager has been criticised for being too loyal to those who conquered Africa, a record of 24 victories and nine draws, and 83 goals scored, speaks for itself.
Riyad Mahrez of Manchester City controls the ball. PHOTO: XINHUA
Algeria are particularly powerful on the wings, deploying not only Manchester City star Mahrez but also currently clubless Youcef Belaili.
Belaili tested positive for coronavirus during a camp in Qatar and Belmadi hopes the winger will make a quick recovery ahead of the January 11 opener against Sierra Leone.
IVORY COAST
Elephants coach Patrice Beaumelle has chosen five Premier League stars – defenders Eric Bailly and Willy Boly and forwards Maxwel Cornet, Nicolas Pepe and Wilfred Zaha.
But it is former West Ham United forward Sebastien Haller, now at Ajax Amsterdam, who may emerge as the key figure for two-time champions the Ivory Coast.
He scored for the Dutch club in all six UEFA Champions League group matches this season, matching a record set by Cristiano Ronaldo in 2017.
While the Ivorians made a last-eight exit in 2019, they were the only team to hold Algeria, drawing 1-1 after extra time before losing on penalties.
EQUATORIAL GUINEA
The National Thunder have qualified for a first time with the 2012 and 2015 appearances due to them being co-hosts with Gabon in the first instance, then solo hosts.
They exceeded expectations in both tournaments, reaching the quarter-finals and semi-finals, but it is difficult to imagine the central Africans getting to the last eight in Cameroon.
In a group likely to be dominated by a couple of two-time champions, Algeria and the Ivory Coast, the Equatoguineans will do well to advance as one of the third-place qualifiers.
Equatorial Guinea has strong links with Spain so it no surprise that 16 of the 28 players they called up were born there, including 32-year-old captain and forward Emilio Nsue.
SIERRA LEONE
Manchester-born John Keister coaches a country that is back at the flagship African tournament after making the last of two appearances 26 years ago in South Africa.
To reach Cameroon, Sierra Leona staged the greatest comeback in Cup of Nations qualifying history, coming from four goals behind in Nigeria to draw 4-4.
Kwame Quee, Alhaji Kamara and Mustapha Bundu, scorers of the goals that stunned the Super Eagles, have all been included in the Cameroon-bound squad, whose realistic target must be third place in Group E.
Former Tottenham Hotspur centre-back Steven Caulker has also been called up after being capped once by England nine years ago before switching allegiances thanks to his grandfather being born in the west African state.
TOKYO (AP) – World shares were mixed yesterday after heavy selling of technology shares cast a chill over the cheerful start to 2022 on Wall Street.
France’s CAC 40 was up less than 0.1 per cent at 7,324.16 in early trading, while Germany’s DAX added 0.2 per cent to 16,185.77. Britain’s FTSE 100 rose 0.2 per cent to 7,516.63. The future contract for the Dow industrials gained 0.1 per cent while that for the S&P 500 slipped two points.
Added to the hangover from the tech-led retreat were reports of sharply rising coronavirus caseloads in Asia and elsewhere.
Expert opinion is divided among those who think the Omicron variant of COVID-19 that is gaining dominance in many places may set off fewer serious illnesses and those who advise more caution. Any restrictions on business activity will be sure to weigh on the recovery that all nations are counting on to happen soon.
“Global markets seem to be writing off Omicron as an existential threat, with some suggesting that the Omicron variant represents the ‘last hurrah’ for COVID. Let’s hope they are right.
But there may still be a final hit to activity in Asia before we can return to a semblance of normality,” said regional head of research Asia-Pacific at ING Robert Carnell.
People walk past a bank’s electronic board showing the Hong Kong share index. PHOTO: AP
Japan’s benchmark Nikkei 225 inched up 0.1 per cent to finish at 29,332.16. Australia’s S&P/ASX 200 dipped 0.3 per cent to 7,565.80. South Korea’s Kospi dropped 1.2 per cent to 2,953.97. Hong Kong’s Hang Seng shed 1.6 per cent to 22,907.25, while the Shanghai Composite index lost 1.0 per cent to 3,595.18.
Troubled Chinese property developer Evergrande announced late yesterday that it was asking bondholders to accept a delayed payment on one of its bonds.
Evergrande Group will conduct a three-day online vote starting tomorrow for holders of the CNY4.5 billion (USD700 million) bond, according to an announcement made through the Shenzhen Stock Exchange in southern China (See also page 11).
Analysts expect trading in Asia to stay choppy for some time. Reported daily COVID-19 cases are still small, compared to Europe and the United States (US). But the surges are coming quickly, now topping 2,000 daily in Japan.
In Japan, many people are not heeding warnings to take precautions and crowds have been out at levels close to pre-pandemic levels in Tokyo, where booster shots have barely gotten started.
Prime Minister Fumio Kishida has promised to speed them up, starting with medical professionals.
A mix of economic data and corporate quarterly earnings reports this week should give investors some insight into the impact that the pandemic and persistently rising inflation are having on companies and consumers.
The US job market will be a major focus for investors, starting with the Labor Department’s jobs report for December, which will be released tomorrow.
Some sectors of the economy are still struggling, especially with supply chain problems.
Growth in manufacturing slowed in December to an 11-month low, according to The Institute for Supply Management, a trade group of purchasing managers. The organisation will release its December report for the service sector today.
LONDON (CNA) – Two years into the pandemic, much of Europe is holding its breath, hoping Omicron is less virulent than earlier coronavirus variants so that even record infection numbers don’t reap the death and sickness rates of earlier waves.
In the US, too, Omicron is spreading like wildfire.
Leaders seem uncertain about which restrictions to impose, and are scrambling to put in place everything from sufficient testing capacity to support measures for renewed economic disruption.
We have evidently neither controlled the pandemic nor learned to optimise our policy responses, despite two years of experience. There is no excuse for this.
Omicron, like any particular mutation, came unannounced. But the arrival of mutations is a predictable – and predicted – outcome of infections continuing to spread, which the world has failed to prevent.
Travellers waiting for baggage at an airport in the United States wearing masks as part of protocol; and a person buying food from a restaurant in Hong Kong amid COVID-19 restrictions. PHOTOS: AFP
‘Zero-COVID’ has not worked, because it has not been tried in enough countries. The few governments with an uncompromising repression strategy have largely succeeded in keeping cases at an enviably minimal level.
They have suffered neither greater economic hardship nor, over time, more onerous deviations from normal behaviour, than countries permitting higher transmission rates.
Quite the contrary: Clamping down harder at the first signs of community contagion makes it possible to ease up sooner and enjoy normal economic activity for longer.
South Korea and New Zealand, for example, have over time had lighter restrictions in place than the UK and parts of the US, and even than Sweden for much of the pandemic.
The greatest cost of zero-COVID strategies – harsh limits on cross-border travel – are only necessary because partner countries have been more tolerant of contagion.
The lack of global commitment may indeed have made zero-COVID unsustainable, though that is hardly a justification for those who actively undermine it.
TOWARDS A WHOLE NEW ORDER OF PREPAREDNESS
The priority now is to handle the reality that COVID-19 is here to stay.
Given Omicron has caught leaders around the world unprepared, the consequences of a mutation that is both more contagious and more virulent hardly bears thinking about.
But the risk of another, potentially more lethal, variant is incontrovertible. Scientists have long told us to expect regular zoonotic contagion.
Failing to imagine what that means is no longer forgivable.
A whole new order of preparedness is therefore imperative. If waves of coronavirus variants, or new pathogens, are likely to hit us regularly, we need a system of emergency responses entrenched in law and practice.
Everyone needs to know these can be triggered at short notice. Our best case future is one where “normality” can be shifted to a crisis regime at the flick of a switch, when contagion intensifies.
Pre-planned emergency responses would specify three things. First, a set of behavioural rules, such as compulsory mask wearing, distancing, remote working and testing.
Second, a set of brakes on the activities most conducive to contagion – typically hospitality and live entertainment – possibly differentiated according to participants’
likely immunity.
Third, predictable economic support for the activities hit by such emergency measures, including furlough and subsidies. Our inspiration should be other types of pre-planned emergency responses: Fire and safety drills, military war games, police playbooks for anti-
terrorism operations.
A more sinister analogy is evacuation advice given historically to the public for bombing raids and nuclear attacks.
ADVANTAGES OF A PREDICTABLE EMERGENCY REGIME
The advantages of advance plans for pandemic outbreaks are threefold.
First, economic damage is minimised if businesses know exactly which restrictions and support schemes to expect should a pandemic emergency be triggered, and can organise their business model (and insurance) around such an eventuality.
Second, advance planning greatly facilitates government decision-making. A ready set of measures to be “switched on” in a crisis is vastly preferable to reinventing the wheel each time – and more likely to avoid the errors of hurried decision-making.
One may even hope that the existence of an emergency regime would focus minds on boosting equipment stores and test, trace and vaccination capacity ahead of time rather than after the fact.
Third, the previous two advantages would reduce the political cost of acting early. Procrastination has been one of our deadliest enemies. What the examples above show is that it takes more severe restrictions to bring a higher rate of contagion under control.
Put differently, we limit social interactions to bring the “R nought” below one – but R must be kept below one for longer if the case rate has been allowed to rise too high beforehand.
Misunderstanding this is the original sin of politicians who resist restrictions ostensibly for the sake of freedom or economic growth.
Both fare better with the occasional swift imposition of a predictable emergency regime for a few weeks than under our current policy mess.
In wars and pandemics, as former US Treasury Secretary Tim Geithner said of financial crises, “plan beats no plan”. Of course, details should be frequently updated with the latest knowledge, for example, of which restrictions best limit contagious interaction.
Planning for a permanent pandemic, rather than pretending it does not exist, is what learning to live with the virus really means.
Four foreign nationals were fined for being out of home during restricted hours yesterday, said Minister of Health Dato Seri Setia Dr Haji Mohd Isham bin Haji Jaafar during yesterday’s daily press conference.
Mohammad Alamin, Reaz Howlander, Md Salam Mohammod Ali and Md Bashir Howlander were nabbed in the Tutong District, said authorities.
ABOVE & BELOW: Mohammad Alamin and Reaz Howlander. PHOTOS: RBPF
ABOVE & BELOW: Md Salam Mohammod Ali and Md Bashir Howlander
As we start the year and embark on new resolutions, you may want to think about your financial wellness. Here are five gifts to give yourself for the New Year.
DEVELOP A STRATEGY FOR YOUR FINANCIAL FUTURE
Set aside time at least twice a month to manage your finances including paying bills, balancing your checking account and analysing your expenses. Begin thinking about and planning for retirement—consider when you would like to retire, how much money you will need to live the lifestyle of your choice and what you need to do now to get there. Establish a retirement fund and contribute to it on a regular basis.
Financial planning is an important aspect of life that each and every one of us should take seriously. Personal financial planning requires a systematic approach to attaining financial security. Developing a financial plan means taking control of current assets and having the discipline to manage money well to achieve short, medium and long-term goals.
Many banks offer financial consultants who can help provide you direction and support. As the final decision maker, it’s important that you understand every piece of your financial road map to plan your future success.
CREATE A SPENDING PLAN
The easiest way to take control of your money is to set out a plan for how you will spend it. This can be somewhat of a task, but it gives you the power to decide where your money goes. The plan should be flexible and include monthly expenses such as mortgage or rent, utilities, food, transportation, entertainment, clothing, etc. Make sure your expenses are not more than your income. If all expenditure and purchases are documented, you will have an almost exact record of your expenses. It is important to first understand your monthly cash flow, and to ensure that you are indeed living within your means.
PROTECT YOURSELF AND YOUR FAMILY
Most people only find out late in life that they are over-insured but under-protected. You don’t have to be among them. It’s very important to ensure that your loved ones are protected financially should you be unable to do so due to death, disability or serious illness.
To ensure that you are adequately protected, you need to review your protection coverage, how much you should be covered for, the different types of coverage and your protection plan. Your protection needs consist of three key areas – Medical, Life and Disability.
Understanding your protection needs and needs of your loved ones is important towards planning, building and protecting your future.
BUILD A SAVINGS CUSHION
It is important for everyone to have a savings cushion for emergencies or unexpected expenses. Your goal is three to six months of living expenses put aside in a savings account.
Some may find it a challenge to put some money aside each month and one of the best ways to do this is by taking advantage of the “Standing Instruction” service provided by most banks. Each month, you can instruct the bank to deposit some money into a savings account. No matter how small the amount, you will be amazed with how it all adds up at the end of the day. It is easier to put money aside this way as you can be sure that it is automatically done each month. At the same time, you will not spend what you cannot see.
KNOW HOW MUCH YOU OWE
Keep track of debt. Some think that as long as you can keep up with the payments, everything is fine. However, if circumstances change due to a layoff or other unexpected events, you could find yourself unable to make payments and in immediate financial stress.
The only way to understand what you are facing is to have a realistic picture of what you owe. It is important to put a plan in place to clear up the debt quickly. Paying off high interest loans first can help save a substantial amount of money in the long run.
Borrowing sensibly is key. If you have over-borrowed and are laden with loan repayments that are not in proportion to your income, you need to seriously examine your debt service ratio and find a quick solution to the problem. Restructuring loans or even refinancing existing loans is an option that can be looked into.
This article is for general information purposes only and while the information in it is believed to be reliable, it has not been independently verified by us. You are advised to exercise your own independent judgement with the contents in this article.