BANGKOK // Thailand’s prime minister said Tuesday that authorities had seen “some suspects” in security-camera footage of the central Bangkok bombing that killed at least 20 people and injured 140, and promised to track down those responsible for what he described as the country’s worst attack in history.
The defence minister, meanwhile, said officials had no prior intelligence about Monday’s rush-hour bombing of a popular shrine at a busy intersection. The blast from the improvised explosive device scattered body parts, spattered blood, blasted windows and burnt motorbikes to the metal.
“This is the worst incident that has ever happened in Thailand,” Prayuth Chan-ocha, the prime minister, said. “There have been minor bombs or just noise, but this time they aimed for innocent lives. They want to destroy our economy, our tourism.”
The explosion went off around 7pm (4pm UAE) in an upscale area filled with tourists, office workers and shoppers.
“Today we have seen the closed-circuit footage, we saw some suspects, but it wasn’t clear,” Mr Prayuth said. “We have to find them first.”
Thai authorities identified five victims as Thai and four as Chinese — two of them from Hong Kong — along with two Malaysians and one Singaporean, and said the nationalities of the other eight victims remained unknown. Their official briefing contradicted an earlier police report that a Filipino was among the dead.
UAE citizens and residents visiting or living in Bangkok are safe and fine, the United Arab Emirates Embassy in Thailand confirmed to The National.
Prawit Wongsuwan, the defence minister, said the attack, which no one immediately claimed responsibility for, was aimed at destroying the country’s economy by targeting a major tourist area.
“It is much clearer who the bombers are, but I can’t reveal more right now,” Mr Prawit said, as he headed into a Cabinet meeting Tuesday morning. “We haven’t ruled out terrorism.”
He acknowledged that authorities had no idea an attack was planned.
“We didn’t know about this ahead of time. We had no intelligence on this attack,” the defence minister said.
Mr Prayuth vowed to “hurry and find the bombers,” though he noted there may be just one perpetrator. Speaking to reporters, he continued what has been a notoriously prickly relationship with the media since the former general took control of the government in a May 2014 coup.
Asked if there were leads on the suspects’ identities, Mr Prayuth bristled, “We are still investigating. The bomb has just exploded — why are you asking now? Do you understand the word investigation? It’s not like they claim responsibility.”
Thailand has seen many violent attacks in recent years, particularly through a more-than-decade-long insurgency by Muslim separatists that has left more than 5,000 dead in the country’s south. Those attacks have never extended to the capital, however.
Bangkok has seen politically charged violence over the past decade; the deadliest, in 2010, killed more than 90 over two months and was centred on the same intersection where Monday’s bomb went off. But none of those attacks included a bomb blast that seemed intended to produce mass casualties.
Matthew Wheeler, a South East Asia security analyst for the International Crisis Group, said the bombing was a “new type of attack for Bangkok” that doesn’t bear the trademarks of typical violence over the past decade from political instability or Muslim separatists.
“It is certainly not like politically motivated attacks we’ve seen in the past which have generally been designed to grab attention but not cause casualties,” Wheeler said, adding that he expected it would have “major ramifications for security in Thailand.”
Early Tuesday morning, investigators surveyed the damage as police and soldiers guarded the area, still littered with shattered glass and other debris. The normally busy intersection that was closed off to traffic and eerily empty aside from onlookers standing behind police tape to take pictures. Barricades were set up outside five-star hotels in the neighbourhood and security stopped cars to inspect trunks before letting them pass. The intersection was reopened by midday.
At least 20 people were confirmed dead and 140 injured, according to the Narinthorn emergency medical rescue centre.
National chief of police, Somyot Poompanmoung, said the bomb was made with a pipe wrapped in cloth and weighed about 3 kilograms.
It detonated at the Erawan Shrine, which is dedicated to the Hindu god Brahma, but is extremely popular among Thailand’s Buddhists as well as Chinese tourists. Although Thailand is predominantly Buddhist, it has enormous Hindu influence on its religious practices and language.
Throngs of tourists come there to pray at all hours, lighting incense and offering flowers purchased from rows of stalls set up on the pavement along the shrine. The site is a hubbub of activity, with quiet worshippers sometimes flanked by Thai dancers hired by those seeking good fortune, while groups of tourists shuffle in and out.
Bangkok has been relatively peaceful since a military coup ousted a civilian government in May last year after several months of sometimes violent political protests against the previous government.
At the same time, the military government has tightly controlled dissent, arresting hundreds of its opponents and banning protests. Tensions have risen in recent months, with the junta making clear that it may not hold elections until 2017 and wants a constitution that will allow some type of emergency rule to take the place of an elected government.
Stirring the pot has been the exiled former prime minister Thaksin Shinawatra, who was ousted in a 2006 coup. It was his sister Yingluck Shinawatra who was ousted as prime minister last year.
Last week, Thaksin posted a message on YouTube urging his followers to reject the draft constitution because he said it was undemocratic. The draft charter is supposed to be voted on next month by a special National Reform Council. If it passes, it is supposed to go to a public referendum around January.
Another source of recent tension is the annual military promotion list, with the junta’s top two leaders — prime minister Prayuth and Deputy prime minister Prawit — widely believed to be supporting different candidates. The reshuffle, which comes into effect in September, has traditionally been a source of unrest, as different cliques in the army, usually defined by their graduating class in the military academy, seek the most important posts to consolidate their power.
The US Embassy in Bangkok issued an emergency message for US citizens, advising them to avoid the shrine’s area. In Washington, State Department spokesman John Kirby expressed deep sympathy to those affected by the Bangkok explosion. He said authorities were still determining whether any Americans were among the victims.
Tourists reacted with concern.
“We didn’t think anything like this could happen in Bangkok,” said Holger Siegle, a German who said he and his newly-wed wife had chosen Thailand because it seemed safe. “Our honeymoon and our holiday will go on, but with a very unsafe feeling.”
* Associated Press
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Results
Stage seven
1. Tadej Pogacar (SLO) UAE Team Emirates, in 3:20:24
2. Adam Yates (GBR) Ineos Grenadiers, at 1s
3. Pello Bilbao (ESP) Bahrain-Victorious, at 5s
General Classification
1. Tadej Pogacar (SLO) UAE Team Emirates, in 25:38:16
2. Adam Yates (GBR) Ineos Grenadiers, at 22s
3. Pello Bilbao (ESP) Bahrain-Victorious, at 48s
German intelligence warnings
- 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
- 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
- 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250
Source: Federal Office for the Protection of the Constitution
The team
Photographer: Mateusz Stefanowski at Art Factory
Videographer: Jear Valasquez
Fashion director: Sarah Maisey
Make-up: Gulum Erzincan at Art Factory
Model: Randa at Art Factory Videographer’s assistant: Zanong Magat
Photographer’s assistant: Sophia Shlykova
With thanks to Jubail Mangrove Park, Jubail Island, Abu Dhabi
pakistan Test squad
Azhar Ali (capt), Shan Masood, Abid Ali, Imam-ul-Haq, Asad Shafiq, Babar Azam, Fawad Alam, Haris Sohail, Imran Khan, Kashif Bhatti, Mohammad Rizwan (wk), Naseem Shah, Shaheen Shah Afridi, Mohammad Abbas, Yasir Shah, Usman Shinwari
Cryopreservation: A timeline
- Keyhole surgery under general anaesthetic
- Ovarian tissue surgically removed
- Tissue processed in a high-tech facility
- Tissue re-implanted at a time of the patient’s choosing
- Full hormone production regained within 4-6 months
Company profile
Name: Infinite8
Based: Dubai
Launch year: 2017
Number of employees: 90
Sector: Online gaming industry
Funding: $1.2m from a UAE angel investor
COMPANY%20PROFILE
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UAE currency: the story behind the money in your pockets
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
All or Nothing
Amazon Prime
Four stars
It’ll be summer in the city as car show tries to move with the times
If 2008 was the year that rocked Detroit, 2019 will be when Motor City gives its annual car extravaganza a revamp that aims to move with the times.
A major change is that this week's North American International Auto Show will be the last to be held in January, after which the event will switch to June.
The new date, organisers said, will allow exhibitors to move vehicles and activities outside the Cobo Center's halls and into other city venues, unencumbered by cold January weather, exemplified this week by snow and ice.
In a market in which trends can easily be outpaced beyond one event, the need to do so was probably exacerbated by the decision of Germany's big three carmakers – BMW, Mercedes-Benz and Audi – to skip the auto show this year.
The show has long allowed car enthusiasts to sit behind the wheel of the latest models at the start of the calendar year but a more fluid car market in an online world has made sales less seasonal.
Similarly, everyday technology seems to be catching up on those whose job it is to get behind microphones and try and tempt the visiting public into making a purchase.
Although sparkly announcers clasp iPads and outline the technical gadgetry hidden beneath bonnets, people's obsession with their own smartphones often appeared to offer a more tempting distraction.
“It's maddening,” said one such worker at Nissan's stand.
The absence of some pizzazz, as well as top marques, was also noted by patrons.
“It looks like there are a few less cars this year,” one annual attendee said of this year's exhibitors.
“I can't help but think it's easier to stay at home than to brave the snow and come here.”
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
THE BIO
Born: Mukalla, Yemen, 1979
Education: UAE University, Al Ain
Family: Married with two daughters: Asayel, 7, and Sara, 6
Favourite piece of music: Horse Dance by Naseer Shamma
Favourite book: Science and geology
Favourite place to travel to: Washington DC
Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now
THE SPECS
2020 Toyota Corolla Hybrid LE
Engine: 1.8 litre combined with 16-volt electric motors
Transmission: Automatic with manual shifting mode
Power: 121hp
Torque: 142Nm
Price: Dh95,900
The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
COMPANY%20PROFILE
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Vidaamuyarchi
Director: Magizh Thirumeni
Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra
Rating: 4/5
Brolliology: A History of the Umbrella in Life and Literature
By Marion Rankine
Melville House
UAE currency: the story behind the money in your pockets
Hotel Data Cloud profile
Date started: June 2016
Founders: Gregor Amon and Kevin Czok
Based: Dubai
Sector: Travel Tech
Size: 10 employees
Funding: $350,000 (Dh1.3 million)
Investors: five angel investors (undisclosed except for Amar Shubar)
LOS ANGELES GALAXY 2 MANCHESTER UNITED 5
Galaxy: Dos Santos (79', 88')
United: Rashford (2', 20'), Fellaini (26'), Mkhitaryan (67'), Martial (72')
THE LIGHT
Director: Tom Tykwer
Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger
Rating: 3/5
Killing of Qassem Suleimani
Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
COMPANY%20PROFILE
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Zodi%20%26%20Tehu%3A%20Princes%20Of%20The%20Desert
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MATCH INFO
Uefa Champions League quarter-final second leg:
Juventus 1 Ajax 2
Ajax advance 3-2 on aggregate