CA junks convicted bank exec’s appeal over $81-M bank heist

The Court of Appeals has affirmed the conviction of a former bank executive for money laundering in connection with the 2016 Bangladesh Bank heist.

The CA’s First Division, in its 58-page decision dated Feb. 6, and made available online recently has affirmed the Makati Regional Trial Court Branch 149 decision finding Maia Santos-Deguito guilty of eight counts of violation of Republic Act 9160 (Anti Money Laundering Act) and sentencing her to up to 58 years in prison.

“Enhanced due diligence is the examination of the background and purpose of all complex, unusually large transactions, all unusual patterns of transactions, which have no apparent economic or lawful purpose, and other transactions that may be considered suspicious. Apart from her uncorroborated claims, there is nothing on record to prove that Deguito exercised even the slightest form of diligence,” the court said in dismissing Deguito’s appeal.

“Deguito cannot feign ignorance of the blatant irregularities in the inward remittances credited to the Jupiter accounts, and pretend as if her hands were tied that she cannot do anything to rectify them,” the tribunal added.

The amount involved a portion of the online heist on the Bangladesh Bank on Feb. 4, 2016 where online fraudsters used unauthorized SWIFT (Society of Worldwide Interbank Financial Telecommunications) payment instructions (PI) to the Federal Reserve Bank of New York where the Bangladesh Bank kept its foreign currency funds to move funds.

Out of 35 such PIs, only five involving a total of USD101 million were cleared by SWIFT — USD20 million was traced in Sri Lanka while the remaining $81 million found its way to the Philippines.

The payment for one of the PIs was blocked due to a discrepancy in the recipient beneficiary’s name in Sri Lanka.

The four PIs which did proceed went to four hastily created Philippine bank accounts in RCBC’s Jupiter Bank where Deguito was manager at the time.

Deguito confirmed that rules were bent in the opening of the accounts which she claimed was vetted for by a client of the bank, Kim Wong, whom she knew personally.

“The haste by which Deguito transacted the subject funds indicates her intention to speedily move the same. And what is even more glaring the owner of the Jupiter accounts were not present in RCBC Jupiter when the withdrawals were made,” the tribunal said in denying Deguito’s appeal.

Source: Philippines News Agency

Russia’s annual inflation slows down to 2.82% on April 11-17

Annual inflation in Russia fell to 2.82% in the week ending April 17, 2023, from 3.15% the previous week. This is indicated in the Russian Ministry of Economic Development’s analysis of the current price situation.

“Inflation fell to 0.04% in the week of April 11 to April 17, 2023. The yearly rate of price growth continued to decline to 2.82% year-on-year. The biggest contributor to the decrease in inflation was a slowdown in price growth in the service sector, which coincided with the restoration of cheaper domestic air travel tickets, as well as a slowdown in price increase for household services. For the second week in a row, there was no price increase in the non-food group. Prices for food products climbed by 0.08%, while price of fruits and vegetables also increased. Other food products have seen price growth close to zero,” the statement said.

Minister of Economic Development Maxim Reshetnikov said earlier that inflation in Russia in 2023 is estimated to be 5.3%.

The Federal Statistics Service (Rosstat) reported earlier on Wednesday that weekly inflation in Russia slowed down to 0.04% from April 11 to 17 from 0.11% a week earlier. Consumer prices rose 1.88% from the year beginning and 0.21% from early April. Inflation was 2.57% in annual terms as of April 17, 2023, according to statistics.

Source: Lao News Agency

Human rights and gender equality must be at the heart of population policies and discourse

The world’s population reached 8 billion in November 2022 – a milestone for humanity and a manifestation of the advancements made in health, education, science, and socio-economic development.

While this milestone is a celebration, it was also received with considerable anxiety, as the world faces overlapping challenges, from the COVID-19 pandemic to the climate crisis, weakened economies, conflict, food shortages, and population mass displacements. In the midst of this, fear and anxieties towards population changes are affecting a woman’s right to choose whether, when and how many children she would like to have.

This year’s State of World Population Report by the United Nations Population Fund unpacks this ‘demographic anxiety’ – the fears arising from concerns about the implications of population size, population change, population composition or fertility rates.

The new report highlights how such fears, focusing just on the numbers, have sometimes resulted in coercive measures to control fertility. Such violations of the basic human right to decide on the number, if any, and spacing of children are misplaced and risk missing the real problems in society.

The Asia and the Pacific region is vast and demographically diverse. A number of countries are experiencing population decline, while at the same time, others continue to face population growth. And in most countries, population growth has slowed, which is leading to societies with larger percentages of older persons.

Irrespective of the country’s situation, such fluctuations in fertility rates and changing population sizes require adjustments in policies extending far beyond the realm of demography. But all such policies must be anchored around promoting gender equality and accelerating progress in girls’ and women’s empowerment.

Experiences around the world show that schemes to lower or raise fertility, including specific incentives and disincentives, have had only a marginal impact on fertility and in some cases have even been harmful. Policies must move beyond simplistic views of having ‘too many’ or ‘too few’ people. To address real concerns like climate change, economic challenges, ageing populations and more, we require rational, evidence- and human rights-based policies, not policies that attempt to move fertility in one direction or the other.

Advancing gender equality is fundamental for addressing population change and building resilient and adaptable societies. Empowering women and unlocking their potential to make choices about their bodies and lives will help them, their families and their societies to thrive. Investments must be made in every stage of a woman’s life: by ensuring girls’ education, girls’ and women’s access to information and services related to their sexual and reproductive health and rights, as well as their full and equal participation in all spheres of society.

Governments must also institute policies that are family-friendly and facilitate individuals’ fertility aspirations – such as parental leave programmes, quality childcare services, flexible working arrangements – and ensure universal health coverage including for sexual and reproductive health services. They should also strengthen pension systems and promote active and healthy ageing.

Adopting this ‘life-cycle’ approach, where girls and women are empowered at every stage of their lives to make their own decisions and choices, including reproductive choices, will allow them to pursue their life-time aspirations, and help boost economic progress in society.

So how is Asia and the Pacific faring when it comes to gender equality and fulfillment of women’s sexual and reproductive rights? While we have seen progress, there is still much that needs attention. Over 130 million women still do not have access to family planning services and information to be able to plan their pregnancies. While over half the world’s 1.8 billion adolescents and youth live in Asia and the Pacific, most of them do not have access to comprehensive sexuality education to be able to make informed decisions about their bodies. The proportion of women reported to have experienced physical and or sexual violence by an intimate partner is high.

Now is the time to accelerate progress towards the commitments made at the 1994 International Conference on Population and Development, which has set forth the Programme of Action recognizing that human rights and individual dignity, including reproductive health and rights, women’s empowerment and gender equality, are cornerstones of development.

Development policies, including those addressing population issues, must be rights-affirming. Let us all work together towards placing the rights and choices of women and girls at the centre – to build societies that can withstand and flourish amidst fluctuations in population trends.

Source: Lao News Agency

Indonesia’s import value rose in March 2023: trade minister

Jakarta (ANTARA) – Minister of Trade Zulkifli Hasan has stated that Indonesia’s import value in March 2023 reached US$20.59 billion, a 29.33 percent increase compared to February 2023.”The improvement in Indonesia’s import performance in March 2023 was pushed by the increase in migas (oil and gas) imports by 25.28 percent and non-migas imports by 30.05 percent MoM (month-on-month),” he pointed out in a statement released on Wednesday.

The rise in imports was in response to high domestic demand ahead of Ramadhan and Eid al-Fitr.

This was reflected from the improving Consumer Trust Index, which improved to 123.3 in March 2023 from 122.4 in February 2023.

dditionally, the Indonesian manufacturing Purchasing Managers’ Index (PMI) increased from 51.2 in February 2023 to 51.9 in March 2023 and the domestic manufacturing industry is expanding due to the rising demand.

The improvement in Indonesia’s imports occurred in all goods usage categories, with capital goods imports having the highest increase of 34.35 percent, followed by consumption goods at 29.12 percent, and rawauxiliary materials at 28.17 percent.

In March 2023, the main non-migas import products with the highest monthly increase were air vehicles and their components, seeds and fruits containing oil, knitted fabrics, artificial filaments and cotton.

Based on the country of origin, Indonesia’s non-migas imports mostly came from China, Japan, and Thailand, accounting for 47.18 percent out of the total non-migas imports.

The biggest increase in non-migas imports in March 2023 was from France, with a 137.42-percent rise, followed by Oman, the United Arab Emirates, Russia, and Germany.

Hasan stated that the total imports for the January-March 2023 period reached US$54.95 billion, which was a 3.28 percent contraction compared to the figure during the same period in 2022.

The decrease in imports was due to a 3.44 percent decline in migas imports and a 3.25 percent drop in non-migas imports year-on-year.

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Source: Antara News Agency

East Java governor releases free exodus ferry at Situbondo

Situbondo, East Java (ANTARA) – East Java Governor Khofifah Indar Parawansa released the last ferry of the province’s free Eid exodus program via sea route at Jangkar Port, Situbondo, Thursday.”Today is the fourth ferry trip for crossing the Jangkar Port-Raas Island route. We hope that security and safety can be maintained properly. Let us celebrate 1 Shawwal 1444 Hijri,” Parawansa remarked.

ccording to the governor, four ferry trips will be conducted from Raas Island to Jangkar Port for the return flow.

The East Java Provincial Government facilitated the free Eid exodus and return trip for residents of Raas Island, Sumenep, and Madura, using a ferry or the passenger motor boat (KMP), i.e., KMP Wicitra Dharma I that departed from Jangkar Port.

On April 20, KMP Wicitra Dharma I, on its last trip, takes exodus travelers to Raas Island before the holiday season. The ferry made crossings several times to Raas Island on April 13, 15, and 17.

“Send my regards to your families at home. I wish you happiness always,” Parawansa stated in the passenger room, as she greeted hundreds of free Eid exodus participants heading to Raas Island.

Meanwhile, Situbondo District Head Karna Suswandi expressed his gratitude to the East Java governor for allocating the province’s budget for the free exodus program, especially via sea transportation.

“Thank you Mrs Parawansa. This free exodus and return program is very helpful for people, who work in Situbondo, as well as for the Raas people, who work in other regions,” Suswandi remarked.

The total number of free Eid exodus travelers to Raas Islands that crossed through Jangkar Port reached 2,200 people, with 819 motorcycles, Head of the East Java Transportation Office Nyono stated.

“The booking of free exodus and return tickets for this year’s Eid was conducted online or directly at Jangkar Port,” he stated.

The four trips from Raas Island to Jangkar Port for the return flow are scheduled for April 30, May 2, May 4, and May 6.

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Source: Antara News Agency