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Nepal tightens screw on Tibetans

Wednesday, 06 July 2011 10:57 Phayul Stringer

Kathmandu: In what appears to be another bid to please China, the Nepal Police on June 21 arrested a dozen Tibetans who had gathered to take part in the birthday celebrations of His Holiness the 17th Gyalwa Karmapa.

Nepali police in full riot gear closely watching Tibetans offering prayers at the Boudhanath Stupa in Kathmandu which has for centuries been a holy place for Tibetans. (Photo/Kevin Bubriski)

The incident occurred in Boudha, a Buddhist area of the capital on Wednesday where around 70 Tibetans had gathered to offer prayers. Witnesses say police randomly picked the dozen Tibetans-all men when they were coming out of the monastery. The 12 arrested are still held at the local police station in Boudha on charges of carrying out anti-China activities.

Ratings agency says China debt was understated

Wednesday, 06 July 2011 09:42 Taipei Times

China’s local government debt may be 3.5 trillion yuan (US$540 billion) larger than auditors estimated, potentially putting banks on the hook for deeper losses that could threaten their credit ratings, Moody’s said yesterday.

Moody’s reviewed a report released by China’s state auditor last week, which found that local governments had chalked up 10.7 trillion yuan of debt. Moody’s said it identified more loans funded by banks after accounting for discrepancies in figures given by various Chinese authorities.

Investors worry the pile of loans, about half of which were racked up during a 2008 stimulus spending binge, could destabilize the Chinese economy in the long run. If banks have to absorb heavy losses, it could restrict lending.

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2015-12-26 Taiwanese Shrine Initation & Marytr-Spirit Enshrine Ceremony

2014-02-28 228 Tâi-uân-sîn(Taiwan gods) Thanksgiving Blessing Assembly and Trong R. Chai Tâi-uân-sîn Thanksgiving Praying Ceremony

2013-08-18 Holy Mountain Holiness Birthday and Tâi-uân-sîn Lin Mao-sheng Statue's Placement Ceremony

2013-02-28 228 Tâi-uân-sîn Thanksgiving Prayer Assembly - Realized the Determination of Founding Taiwan State with Democratic Power

228 Memorial and Bian Casters Gathering on Feb. 28th, 2010

Newsflash

Israel recognizes that Somaliland provides an opportunity for trilateral cooperation between Taiwan, Israel and Somaliland, the Ministry of Foreign Affairs (MOFA) said yesterday, adding that Taipei would continue to seek more cooperative opportunities with the two nations, as well as deepen connections with like-minded partners.

Israel yesterday formally recognized Somaliland as an “independent and sovereign state,” as leaders of both sides signed a joint recognition pact that stated: “This declaration is in the spirit of the Abraham Accords.”

The Abraham Accords are a set of agreements brokered by the US that normalized diplomatic relations between Israel and several Arab nations, signed in 2020 during US President Donald Trump’s first term.