Page 2 n THE ASIAN REPORTER ASIA / PACIFIC February 17, 2014 Palau to ban commercial fishing, promote tourism UNITED NATIONS (AP) — The president of Palau has declared that his Pacific island nation will ban commercial fishing and become a marine sanctuary. President Tommy Remengesau Jr. said in a keynote address to a U.N. meeting on “Healthy Oceans and Seas” that once current fishing contracts expire, only fishing by island residents and tourists will be allowed in its 200-nautical-mile exclusive economic zone. Remengesau said establishing “a 100 percent marine sanctuary” will enable Palau to preserve “a pristine environment” and promote snorkelling, scuba diving, and ecotourism. “It will make a difference if it’s just a matter of feeding ourselves and feeding the tourists,” he told a news conference. “As it is right now, we’re feeding the tourist[s] and ourselves plus millions of people outside the territory.” Watchdog shows illicit money flows in Philippines MANILA, The Philippines (AP) — An anti-graft watchdog says the Philippine government was cheated of $3.85 billion in tax revenues in 2011, part of massive illicit money flows that totalled more than $400 billion in the past five decades. Global Financial Integrity said in a report that illicit financial outflows including proceeds from crime, corruption, and tax evasion totalled $132.9 billion in a 52-year period from 1960. Another $277.6 billion illegally entered the country, predominantly through false invoicing of imports to evade tariffs. It said the government has lost at least $23 billion in revenue from customs evasion since 1990 and lost an average of $1.46 billion in tax revenue each year since 2000. The report estimated that the underground economy was equal to nearly 30 percent of gross domestic product in 2011. Germany forgives half of Myanmar’s debt YANGON, Myanmar (AP) — Germany has signed an agreement to forgive half the 1.084 billion euro ($1.48 billion) debt it is owed by Myanmar (also known as Burma), implementing a plan which Germany and other creditor nations accepted a year ago. The state-owned Myanma Ahlin newspaper reported the agreement was signed in Myanmar’s capital, Naypyitaw, during a state visit by German President Joachim Gauck, the first by a German head of state in 26 years. Germany’s finance and development ministries confirmed the signing. The Paris Club of 19 mostly western creditor countries agreed in January last year on a debt forgiveness formula to help stabilize Myanmar’s economy as it transitions to democracy after five decades of military rule. Director Zhang Yimou pays $1.2M for having three kids BEIJING (AP) — Famed film director Zhang Yimou and his wife have paid more than $1.2 million in fines for having three children in violation of China’s strict family-planning rules. A district of the eastern city of Wuxi said in an online notice that its family-planning office had received the lump-sum payment and the money was remitted to the state treasury. Rumors became public last year that Zhang fathered more children than allowed by China’s family-size policy that limits most urban families like his to one child. Zhang’s studio later confirmed that Zhang, 63, has fathered two sons and one daughter with Chen Ting, 32, and said the film director would cooperate with a government investigation. The district government subsequently levied the $1.2 million fine against Zhang and Chen. Fines are the usual punishment for exceeding China’s family-size limits and are proportional to a person’s income. Zhang is one of China’s best-known directors with films such as Hero, House of Flying Daggers, and 2011’s The Flowers of War starring Christian Bale. Zhang also designed the opulent opening and closing ceremonies for the 2008 Beijing Olympics. Myanmar arrests five journalists from private journal YANGON, Myanmar (AP) — Myanmar says it has arrested four reporters and the head of a private weekly journal for disclosing what it says are “state secrets” following publication of a story about the construction of a defense factory. Unity journal quoted villagers as saying the factory in Pauk, a township in central Myanmar, was for production of chemical weapons — a claim the government decried as “totally baseless.” According to roadside vendors, police took all January 25 editions of the journal off shelves. State-run television reported the arrests, saying the detained had violated the 1923 State Secrets Act by entering a prohibited area and disclosing state secrets. Deputy information minister Ye Htut has acknowledged in local media that it was a Defense Ministry factory, but denied links to chemical weapons. Alleged Chinese ivory smuggler caught in Kenya BEIJING (AP) — A suspected Chinese ivory smuggler has been apprehended in Kenya and extradited in the first time that China has arrested a wildlife crime suspect overseas, according to the country’s official news agency. Xinhua News Agency said the countries worked together to catch the suspect who is alleged to have led an ivory trafficking group in Kenya and hired couriers to smuggle ivory into China. Kenyan authorities working with Chinese customs officials and police apprehended the suspect with the surname Xue in Nairobi on January 17 and extradited him a day later, Xinhua said, citing China’s Endangered Species Import and Export Management Office. A man from the office’s law enforcement branch said the Xinhua report was accurate, but wouldn’t give further details. Xinhua said the final two suspects of the group were arrested when entering China January 16 and 17. One was a man called Zheng who allegedly helped buy ivory in Kenya and paid smugglers $820 to $1,640 each time. The other, a woman called Li, is said to be Xue’s girlfriend, who helped get the ivory through customs. FLAWLESS FEAT. Gold medallist Sang-hwa Lee, left, of South Korea sets a new Olympic record in her second heat race against China’s Beixing Wang during the women’s 500-meter speedskating race at the Adler Arena skating center during the 2014 Winter Olympics in Sochi, Russia. The South Korean lived up to the hype as the favorite in women’s 500-meter speedskating, zipping around the big oval with the two fastest runs to win her second straight Olympic gold medal. (AP Photo/Matt Dunham) South Korea’s Lee wins gold in women’s 500 meters By Paul Newberry AP National Writer S OCHI, Russia — Sang-hwa Lee burst off the line with a flawless start. She built up speed with each stride on the front straightway — her arms swinging powerfully, her body low to the ice. By the time Lee came around the final turn, the gold medal was a formality. “Right now,” said silver medallist Olga Fatkulina, “she is almost Usain Bolt.” The South Korean lived up to the hype as the favorite in women’s 500-meter speedskating, zipping around the big oval with the two fast- est runs to win her second straight Olympic gold medal. Lee dominated the World Cup circuit this season, winning every event she entered. The 24-year-old kept up that form at Adler Arena. “It’s not easy to repeat that,” said Lee’s Canadian coach, Kevin Crockett. “It was a lot of pressure. She is a real champion.” Lee led after the opening heat and went even faster the second time, an Olympic-record time of 37.28 seconds to beat the mark of 37.30 set by Catriona Le May Doan at the 2002 Salt Lake City Olympics. Lee’s combined time of 1 minute, 14.70 seconds was also an Olympic mark, beating Le May Doan’s record of 1:14.75 at the high- altitude Utah Olympic Oval. “She responds to the pressure of it,” Crockett said. “Some people will cave and crumble, and some people will step up. Sang-hwa steps up every single time.” When Lee saw the “1” beside her name on the scoreboard, her head dropped back in obvious relief. She slapped Crockett’s hand and grabbed a South Korean flag, revelling in a triumph that seemed assured the moment she toed the line in Sochi. “Let’s look at the last Olympic record,” Crockett said. “It was set on extremely fast ice. Altitude and everything. To be able to set an Olympic record at sea level on ice that was average today, it is extraordinary.” The only real race was for second and third. The Russian crowd roared when Fatkulina took the host country’s second speedskating medal, finishing in 1:15.06. Margot Boer claimed bronze with a com- bined time of 1:15.48, giving the Netherlands its eighth speedskating medal in Sochi. It was the first event they failed to win at Adler, but was still a pleasant surprise for a team that had never been a strong contender in the all-out sprint. Lee wasn’t so dominant four years ago, edging Germany’s Jenny Wolf by a mere five-hundredths of a second over two runs. This time, there was never any doubt. “Her technique is perfect,” said Wolf. Lee shied away from all the accolades. “I don’t like to be considered a phenomenon in my country,” she said through a translator. Continued on page 7 SPiLt ink Gallery Acrylic Colour Pencil Graphite Oil Pen & Ink Watercolour Pets w Holidays w Special Occasions w Just for Fun www.spiltinkgallery.com (503) 442-6427 Siefman & Pond w Attorneys at Law Aggressive, Compassionate & Personalized Representation Specializing in: Criminal Defense w Driving Crimes w Felonies & Misdemeanors w OLCC & DMV Administrative Law Auto Accidents/Personal Injury w Estate Planning FREE CONSULTATIONS ( 503) 726-1716 www.bettercallalawyer.com Asian Currency Exchange Rates Units per U.S. dollar as of 2/14 Bangladesh Taka· · Cambodian Riel · · China Renminbi · · Fijian Dollar · · · · Hong Kong Dollar · Indian Rupee · · · · Indonesian Rupiah · Iranian Rial · · · · Japanese Yen · · · Laos New Kip · · · Malaysian Ringgit · Nepal Rupee · · · · Pakistani Rupee · · Papua N.G. Kina · · Philippine Peso· · · Russian Ruble · · · Saudi Riyal· · · · · Singapore Dollar · · South Korean Won · Sri Lankan Rupee · Taiwan Dollar · · · Thai Baht · · · · · Vietnam Dong · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · 77.625 3980.0 6.0662 1.8678 7.7553 61.93 11831 24721 101.88 8015.0 3.3064 99.061 104.83 2.4343 44.73 35.078 3.7503 1.2617 1063.4 130.84 30.316 32.334 21100