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China warns Japan against teaming up with US before Biden, Suga meet

China’s foreign minister cautioned Japan against teaming up with the US to counter China, as Japan speaks up more on human rights in Xinjiang ahead of a US-Japan summit next week.
Chinese Foreign Minister Wang Yi told his Japanese counterpart in a phone call Monday evening that their two countries should ensure that bilateral relations “do not get involved in the so-called confrontation between major countries,” a Chinese Foreign Ministry statement said.
It quoted Wang as saying that “China hopes that Japan, as an independent country, will look at China’s development in an objective and rational way, instead of being misled by some countries holding biased view against China.”
Japan, a close US ally that hosts major American naval and air force bases, shares US concerns about China’s military buildup and claims to territory in the South and East China Seas.
However, its major trade and investment interests in China have at times reined in its criticism of its larger neighbor.
Japanese Prime Minister Yoshihide Suga travels to Washington to meet President Joe Biden on April 16 in what will be the US leader’s first in-person summit since taking office in January.
Biden, in contrast to his predecessor Donald Trump, has stressed rebuilding ties with European and Asian allies as the US prepares for competition with a rising China.
Japanese Foreign Minister Toshimitsu Motegi raised human rights in China’s Xinjiang region and Hong Kong, both important issues for Biden. He also reiterated Japan’s protest against China’s presence in waters around a group of uninhabited, Japan-controlled islands that China claims in the East China Sea.
Motegi expressed “grave concern over the human rights situation in the Xinjiang region and requested China to take concrete actions” for improvement, Chief Cabinet Secretary Katsunobu Kato told reporters Tuesday. He reiterated that Japan places great importance on “universal values such as freedom, human rights and rule of law.”
Some members of a foreign policy team within Suga’s conservative ruling party have called for his government to take a tougher stance against China over the Xinjiang situation. They say Japan should adopt a law to impose sanctions against a foreign country over human rights violations.
The United States, Canada, Britain and the European Union have adopted such a law, and they say Japan is the only Group of Seven country without it.
Japan has taken a softer approach by maintaining dialogue rather than unilateral sanctions. But Kato on Tuesday said Japan is open to considering a possibility of having such a law.
“It is necessary to analyze and consider whether Japan should adopt a system that would unilaterally determine human rights violations and impose sanctions, taking into consideration various views including our ongoing human rights and foreign policies and trends in the international community.
Wang opposed Japan’s interference in China’s internal affairs in Xinjiang and Hong Kong, the Chinese statement said.
Taiwan is another potential flashpoint, with Suga saying earlier this week that Japan would cooperate with the US on the issue. China regards the self-governing island as a renegade province that should be under Chinese rule.
China, in a signal to the US and its allies, recently sent an aircraft carrier group to waters near Taiwan for training exercises.
source: The Associated Press
Image source: AFP
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BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
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