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tv   [untitled]    July 31, 2021 12:30pm-1:01pm AST

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celebration and i got to say that the field thought that i'm holding a camera well not playing on the day alive with the on the all of the writers we've spoken to last. how quickly can these bikes become available? now let's test the new technology. one of us says it plans to start mass production later this. yeah. malcolm web al jazeera home a bay kenya. ah, take you through some of the headlines here. now just are now 55 isn't turkey is still trying to control 14 far as 5 off the managing to put out more than 70 in the past few days. president and i have tell you about it. the one is declared several regions disaster areas, at least 6 people have been killed. today, the president has rejected accusations of a coo and says he will not turn into
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a dictator to opposition. politicians were detained on friday after president i cited revokes their immunity us president joe biden is warning further guidelines or restrictions could be introduced after a surgeon cove. at 19 cases. it comes the day after rules were tightened for millions of federal employees and all probability why we had a good day yesterday, almost a 1000000 people got back to maybe about half a 1000000 of those people for the 1st 5 2nd shot. and so i'm hopeful that people are getting to realize how expensive china is working to contain its most widespread cove with 19 outbreak in month earlier this month. a cluster of infections caused by the hiring contagious sale to variance were 1st detected in non ging. since then it spread to 6 of the provinces including bay jane.
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millions of people are being tested and hundreds of thousands are under locked down . security has been tightened in australia's largest city of sydney to prevent people gathering from anti lock down protest. nearly a 1000 officers have been deployed cordoning off the downtown area. it wants to stop and repeat the violence scene. last weekend. kenya is extending it's night time curve. you in banning all public gatherings. it's health minister is warning, hospitals are overwhelmed and people who fall sick will not get to bed. nigerian sprint blessing barbara has been suspended from the cocoa lympics after failing a drug test. the 32 year old who won long jump silver in 2010 i tested positive for growth hormone. she had qualified for the 100 meter, semi final, on friday, over your headlines is counting the costs. news,
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hello, i'm sammy a than this is counting the cost on al jazeera. y'all look at the world, the business and economics this week, trying to avoid the debt defaults, but it's fast running out of money to pay for import. will china and india continue to bailout colombo? lebanon has a new prime minister designate the 3rd. since the government resigned a year ago, can form a cabinet and thought the economic rock. what's driving out food prices in bangladesh. and it's not only the poorest been hit hard, the middle classes are suffering in silence. ah, despite avoiding a debt default for now shoreline, because finances are in a precarious state. this ruling can president has appointed his brother as a new finance minister. the sign of how serious the situation is shanaiah because
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economy was in trouble before the pandemic between 20052015. colombo borrowed billions from china, accumulating a mountain of debt for expensive infrastructure projects. but you may remember sure anchor was forced to hand over it strategic, humble and total port on a 99 year lease to a chinese company in 2017. that was because it failed to service the $1400000000.00 debt from beijing used to build it. the government's debt rose to 101 percent of g. d p. last year, up from 86.8 percent in 2019 credit rating agencies are concerned. it may not be able to service its debt according to bloomberg. the probability of a one year default was that 27.9 percent. the steepest in asia to make sure
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it can make free payments. the government's put limits on the amount of money that can leave the country. the central bank says it has currency reserves of $4000000000.00 enough to buy imports for the next 3 months to boost its reserves. its strong currency swamps with some of its biggest trading partners, which basically sense the exchange rate, reducing volatility. the biggest deal was with china worth $1500000000.00. and that's important because china and india have been trying to push relying into the geopolitical orbit, spot of a struggle to control key maritime routes in the indian ocean. now, one of its key sources of foreign currency tourism is dried up to, to the pandemic of the industry. that accounts for 5 percent of g d. p and employs about 3000000 people hasn't recovered from the suicide attacks on easter day in 2019 to conserve calling. see if the government is also banned, the importer fertilizes the ramifications could be profound as al jazeera,
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as michelle fernandez, explains john, cuz my son pays worried the potato for my entry long because we're putting a gun. the region says he used less than half the usual amount of chemical fertilizer on his crop. i'm off and they've, i have the buying and then i'm off on a lot of the plans with affected usually by this time the harvesting in the about do once or $75.00 days after planting the area is covered by the plants. but this time, growth is far less. farmers across the country have been protesting the shortage of chemical fertilizer. since the government been in port in me in because you saw my current successful greenhouse farmer has had to cut down his crop as well. he says, farmers should have been consulted about the ban. every laska would have been asked when things are being changed. they must consult us, make us aware of how things will change the scar. this is going to be done. the bedroom fertilizers comes during an economic crisis that is sheila,
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badly for in reserves, have fallen below $4000000000.00. people's incomes has suffered since easter bombings of 2019. and the corona virus pandemic has worked in the situation. the government is under pressure to find the money to pay back billions of dollars in debt. that's one of the reasons present good or bad. roger pastor says he's government ban the import of doesn't the items including agro chemicals and also 80000000000 re piece. 80000000000 pieces watch these countries spends just to import fertilizer. who does it's money? go to. the money goes to companies abroad. there are only 4 to 5 local companies making money from this. but the decision we talk will make this industry into a local industry. the president says he will not back down on the fertilizer bend, which he says is also aimed at improving the health of citizen,
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many of whom are struggling to make ends meet. a government blitz of money printing has driven up inflation, which is the central bank, but at 6 point one percent daily journey, roster income because of the pandemic. if you are a pensioner, the interest rates are low and your income has come down. you're lucky if you have a permanent job, but without 11th is to get an income. income is limited, expenditures are rising. leakage, mach situation is creating a challenge for millions of lansing. i might be able to find out it's very difficult to survive because we have to spend more than what we own back informing country communities. a bracing the smaller harvest and a major impact on income. one firm, a leader has an even more di warning. i'm calling in america off the pharmacy manage the season before. fertilizer, when chemicals they bought a higher prices. but i say with responsibility that we clearly going toward food shortages. that's a certainty. even god can't prevent that. most farmers agree the plan to cut down
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on chemicals use is a good thing. but say the sudden decision is not practical. lead tom pack, what's happening now with russia, the size of fund manager of asia frontier capitol joined us now from hong kong. good. have you with us so other fears of a debt default overblown. well, i mean, do you see those about she didn't default thing on the board has been a story for the last one, your stony or an issue which has come to the last couple of weeks the last couple of months. in fact, just a few days ago this week, she don't have a $1000000000.00 to it's bondholders bond. and also last year in the 4th quarter of 2022 was she's not a 1000000000 dollars last year, but so he's what he does have been around for quite a while. so i want to keep him in florida, which was due this week defaults on that was kind of order. i made sure one of the, the payments of 21 issues or concerns about the demons. it tells you 22. so you
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have 2 bonds which are due in 2020 to $500.00 payment due in january 2022 and a $1000000000.00 due in july plus we need to and that's a concern, especially now that you know to go for the law and also the important dog finance you don't like to be good by the pendant. i'm glad you mentioned that. so how is it going to deal because it's still obviously have financial problems even if some of the default worries are overblown. how is it going to finance it's huge debt burden . right, so i think she done some funds on the next couple of months. effective bought some, especially some funding from important partners in the region like in getting china and also some forms coming from the i'm if possible, the next to the next one months or so they haven't. i've lined up funding for about almost $3000000000.00 and if that comes through, in fact, they should be okay for the payment to do it. and probably 20 it was not for the if
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it kind of can down the road because you take more money to pay off more money the the mountain grows. exactly. that's the issue or concern that we have because it's not about, you know, she didn't before. now or after 61, but i think what in this one look at is stock should be for the most structured long term financing. otherwise you'd already have this pencil and coming off every 6 months or 5 months, but the other ones. so i think it may meet the locations or next month i think the issues with been as long as the such a reforms won't happen. but more importantly, i think that the room sector was started a pretty large change on the country, but we did it on us deep and to make and also before your tax. but hopefully, you know, once back vision levers improve normally and also in the region and they can some of the sources and the interaction show pollution as well. position has been
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pushing for the government to turn to the i m f. something the government has been opposed to. why do you think any program, especially in countries the highest it's good deficit and a lot extra g p issue would always be a measure of such i think leaving tax expenditure in our balance to do some of the specials on the, on the economy and ultimately but i think especially at this point in time, the quantity is one patch given the enemy can get to go to the last little. so i don't want to going to be, wants to take any positions or at least in the unpopular positions, especially at this point in time. so i think they would probably call that i'm from some of the government going on. so but or the, or the medium tom, if they can do all the german news or if they get the vaccination right. and use the vaccination, read and can have what most of the as well. and that should have some,
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some work to do to all the shows and then progress for the probably a better bargaining position will help also, with relieving the ban on the imports of some goods like fertilizer. all they also just storing up problems for the future. and pushing that can further down the road . but i think the for that on data is not just what happened to the bills and some of the other in border goods has been there for almost more than the, especially since the fantastic again. but if you look at, you look for the context was about $4000000000.00 of insurance for the pending. and that because we went to 0, the last last to especially images, dependent on last month. and i think from this, and i also initially the initial few months of the band to be exposed to the government export when it just went in the, in the 1st of the 4 months of the funding. so i think given those given situation of the country wasn't, they had to stop measures and i think they will be using or bands will continue.
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probably going to stick with the new problem into the end of the, you know, especially now that you don't have any b is coming out of the bonds in 22 and 2, they have some long term funding lined up. they were probably the thought when using this issue. excellent. next 6 months. all right, then let's talk about maybe the plus side. the competition between china and india for influence in the indian ocean does not offer sure lanka, some strategic advantage and how best and how far can use that. absolutely. i think you guys to lawfully leverage this graphic position the reason. so if you seen that last couple of china making investments and also in debt coming in now, and especially now, you know, for funding require 40 payments going there. and i have been quite handful in wanting some funding. she was given that you are important that she mostly in china over to the home and can do more. i mean, you can do much more with the graphic position. i mean, they can really get much more long term for jake investments,
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transportation at logistics sectors, of which has not yet happened and largely, and also some important points. it can be long term very much for the foreign investments given the location of the, of the country. so yes, i think that is something that will continue to hold as well. all right. sure. sorry, thanks so much for talking to us. thank you. thank you. me on thank you. the migrant workers from me in my living in thailand, florida areas facing increased hardship lockdown. that means there's less work leaving many to rely on donations. yet people still fleet to thailand, to escape from military rule. back home florence louis reports says, usually no shortage of work for laborers, for farms in pop products. strict in western thailand. many farmers here employ migrants from across the border in myanmar to work the fields. but the surgeon
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corona virus cases in the 2 countries has made life more difficult for migrant workers. thailand has imposed a nighttime curve. you and travel restrictions. this lady who doesn't want to be identified had gone back to me on my last year to renew her passport. but she couldn't return to thailand, eagerly after the borders were closed and ended up paying brokers to sneak back in illegally got on the loading movie. i'm in many migrant for me and my in trouble. now, many of us have to hide and escape to thailand. to find a job. some of us got caught and was sent to prison. more watson, johnny id curry is also a migrant from me. and mom who has settled in thailand for many years. he helps run a local charity. there are a lot of children also come along with the parents and there's some parents, they don't have a document. so they had a lot of, you know, issues to going around. and if the parents get arrested, the children will be left behind in
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a hot or in houses and who's going to take care of their children. he says, live here. it's also getting increasingly difficult for migrant workers because of corona virus restrictions. when a new infection is reported in a village, no one is allowed to leave unless they can show this tested negative for cove at 19 . many are unable to find work and has been relying on donation. but supplies are slowly dwindling, as continued restrictions cause economic hardship for everyone else. the struggle for survival is also made was by a sense of frustration at what's happening back home. me my views, he said, you know, i want the manmohan touch released on some sushi and focus on helping the people from the crisis. i want democracy in men more than the country can move forward to develop. but there's no indication the generals in myanmar are ready to give up power. now, global development institutions like the international monetary fund,
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usually cautious and circumspect in their assessments of member countries. but the world bank, recent assessments of lebanon, have given up on the niceties it seems. it's gone as far as calling out the deliberate depression that has seen the economy contract, 40 percent, and the poverty rate increased by 50 percent in the world banks. assessments such a brutal and rapid contraction is usually associated with conflicts, or was, it goes on to say the bankrupt economic system that benefits the few has the backing of the political elite. now all of this has been public knowledge with even the europe in union preparing to sanction some of the key characters, while 11 has a new prime minister designate. now the 3rd, since the government resigned a year ago, and g mccarty has to form a government to reverse the economic crisis. until that happens, the growing concerns that 4000000 people are more immediate risk of losing access
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to safe water. among them, a 1000000 refugees already facing hardship, with shortages of funding, fuel, and supplies. unicef estimates most water pumping will gradually cease across the country in the next 4 to 6 weeks. and it's a years since a huge explosion in beirut pulled killed $200.00 people injured thousands and devastated the capital. let's get some analysis now with diana. madame, she's managing director of advocacy group calona it although which promotes solutions to the crisis. good to have with us, so that of the world bank is being very critical lately of the lebanese political elite. not a huge surprise to the lebanese, or frankly to any one is being familiar with lebanese affairs for a while. everyone knows there's been a problem with the elite for decades, right? why the change in the world banks tow now? i mean the change in the world banks to now it,
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because this is honestly now bordering the criminal. you have a poverty rate that are increasing in a way that has been unprecedented in the country over 50 percent of the lebanese, our court, and the world back anticipates that over 75 percent of the lebanese will be poor by end of year. this is really devastating. the incapacity of this political class to govern is manifested day by day. it's really appalling. this is a political class, but the still trying to cling to power. despite all the misery and the destruction that has called, i mean since the resignation of the 4th of august of last, governments that have been several attempts after government formation today, the 3rd prime minister has been designated. and then as you can at the end, attempting to form a government for the 3rd time, i mean, this clearly indicates that the problem goes beyond prime minister nomination. the
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system is blocked, the people that are today in power are incapable of reinventing themselves. they have lost their legitimacy. people will no longer tolerate recycled formula of the same components of the political clap. and everybody realizes today that any government formed using the same orbit. randy that has been adopted for the past years will no longer be acceptable. this is a government, it will be required to conduct radical and sometimes very painful reforms to the financial and economic system and to pursue the investigation in the be who the court black. and there is no way this political class is going to do the oh, let me jump in. if i could then ask the question, would sanctions on the political ally would that fix the situation and fix the economy? sanctions would definitely be 11 to, to increase pressure on this political class. and to legitimize them, i mean,
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and they would also hit the political indeed where it hurts the more which is their pockets. but it's not definitely not the only tool. there is another track that is all the more crucial and it is to continue with opposition off the lebanese to this political class. it is about below, beneath trying to strip this political class out of power tripping them out of their positions and somebody in municipal counseling and particularly in the upcoming elections in 2022 functions known will not suffice. and here i need to say something very important. we should not even think that increasing sanction to force this political need to form a government is a way out. the same people forming a government over and over again would only lead to further destruction and further poverty. the only option that is available is truly independent. government formed
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outside of the political class and eggs with exception, and just let the power that will allow it to sideline the today dealer just to mind parliament and conduct the forms that i have just mentioned. so let me jump off the question though. would it be enough to change the faces in the position, or are we ultimately talking about the necessity to change the entire confessional based political system? right? doesn't key. as i said earlier, there is a deadlock in the system. is there is the need to really ask ourselves, what does the new model, what does the new state that we want to go much all the lebanese, ready to answer that question. do they truly want the system of government that reflects no confessional interests or balance between the different confessional sections of society? the lebanese, are definitely ready to answer this. the post october, 17 uprising has shown that there is today
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a new group of lebanese that are really and sincerely pushing towards the formation of the real estate. that 3, that side of the shackles of political confession, lithium, is in need. and the court for, for this faith to be, to be really free from any condition related to political confession listen, has been very clear. it has been a main floor that has been repeated over and over again in the streets. i believe that there are beneath already yes, ready, but we realize that it will be long and i've heard about that. all right, it's a time to do this because if you look at the situation now economically lebanese pound, pretty much worthless poverty, rising electricity, patchy. now we'll talk about possibility of both supplies being held up. if the country about to collapse before the kinds of reform you're talking about can take place. the country is collapsing as we speak. yes, it is true. the lebanese pound has lost nearly 92 percent of its,
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of its value to the dollar. people have lost all of their savings and purchasing power. there is an urgent need for very urgent economic and social reforms. and for urgent i am of them that inject liquidity in the system. we are in the system that is out of foreign currency. we urgently need for an currency. there is no way to swim. grants is going to come in without an eye and the program. there is no way and i must program is going to come in without necessarily the form. and there is no way this political class going to conduct these forms. i've been good talking to you. thanks so much. diana manenda, thank you. and bangladesh is battling not just the pandemic, but soaring food prices to and that's putting basic foods out of the reach of many times. the challenger has more from the capital dot com. curren buzzer is one of the busiest open air kitchen markets in dhaka. but there are hardly any shoppers on
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this day because of a nationwide locked down to prevent koby. 1900 begum is among the few who came out for groceries, but fine food items are more expensive than usual. sticking to initial, i came out to buy some green vegetables. the prices of everything has gone up on the market. maybe it's due to the lockdown or because they're not enough buyers, but logistics and supplies open. not sure why. market export se soaring inflation along with rising foot prices in bangladesh and recent month have put an additional burden on low and middle income household. many here have lost their jobs. other sources of income during the current virus pandemic was that the, the essential items price to get in height. but in comparison, people's income has not risen. so it's becoming hard for middle class families like ours to cope with. it would be good if the government intervenes to stabilize the
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market. according to data from government agency, nearly all types of daily commodities are now been sold at a higher prices compared to the same period last year. right. and land til 2 of the most basic food staples are most bangladesh and recent month, prices are many food essential, have gone up, making it increasingly hard for people to make ends meet. the government has announced a number of stimulus packages for different sectors and beneficiaries during this health crisis. but not everyone is getting the help that need. so we've got a lot of them. it's very hard on the delivery journos. they're not, it will earn enough money or get a full square, mean estimated class with suffering the most, many are not able to go to work and they are also embarrassed to seek help. they're not getting any kind of help. many are suffering likely at all and some here believe holding of goods and manipulation of the market might be creating an artificial crisis. i'm wondering, what do we think?
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one of the main reasons for the price. like if the desire to make an unreasonable profit by vested business interest groups, and lack of proper regulation in monitoring by the government and the business, it's open access to manipulate market. despite the pandemic bank, this is economy continues to grow by more than 5 percent, but annually swung the rising inflation and growing food prices could hamper economic recovery and possibly lead to food shortages in a country already heat by severe weather and pandemic related disruption. and that's all i show for this week. there's more for you online vo, down here a dot. com slash ccc. that'll take you straight to the page which has hire you to catch up on. i'm sam is a dan from be counting the call team here. thanks for joining us. the news and i'll just, sarah is next. ah, something was going to change. anything really changed?
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this is systemic violence that needs to be addressed at its core. we are in a race against the barriers. no one said we are all saying we're looking at the world as it is right now, not the world. we like it to be. the devil is always going to be in the details. the bottom line when i was just there on a warm welcome for iran, a president elect in his hometown of mash, at the image of the shrine, crowd had gathered to hear what their newly elected leader abraham, right? you see, have to say on the issues that affect them, job shut off in domestic politics, domestic policy, and foreign policy. the focus should be on the dignity of this nation. and the focus should be on the fact that in any negotiation, the dignity of this nation should not be hers is already made large promises including fighting corruption, improving the country's economy and maintaining your own best interest in negotiations the wes. but it's not clear yet. if you will be able to deliver on his promises ah,
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and al jazeera, when ever you ah, ah, this is al jazeera ah, it 10100 hours gmc. hello, ron, come on, santa maria. welcome to the news now from out of the era. at least 6 people who have been killed in the while, 5 burning in southern turkey, where entire villages and coastal resorts have been evacuated. also in the use of major confrontation between african forces and the taliban in the west and city.

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