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International spectators barred from entering Japan during Tokyo Olympics: Organizers

Spectators from abroad will be barred from the Tokyo Olympics when they open in four months, the IOC and local organizers said Saturday.
The decision was announced after an online meeting of the International Olympic Committee, the Japanese government, the Tokyo government, the International Paralympic Committee, and local organizers.
The move was expected and rumored for several months. Officials said the risk was too great to admit ticket holders from overseas during a pandemic, an idea strongly opposed by the Japanese public. Japan has attributed about 8,800 deaths to COVID-19 and has controlled the virus better than most countries.
“In order to give clarity to ticket holders living overseas and to enable them to adjust their travel plans at this stage, the parties on the Japanese side have come to the conclusion that they will not be able to enter into Japan at the time of the Olympic and Paralympic Games,” the Tokyo organizing committee said in a statement.
About 1 million tickets are reported to have been sold to fans from outside Japan. Organizers have promised refunds, but this will be determined by so-called Authorized Ticket Resellers that handle sales outside Japan. These dealers charge fees of up to 20 percent above the ticket price. It is not clear if the fees will be refunded.
“We could wait until the very last moment to decide, except for the spectators,” said Seiko Hashimoto, the president of the organizing committee. “They have to secure accommodations and flights. So we have to decide early otherwise we will cause a lot of inconvenience from them. I know this is a very tough issue.”
IOC President Thomas Bach called it a “difficult decision.”
“We have to take decisions that may need sacrifice from everybody,” he said.
The financial burden of lost ticket sales falls on Japan. The local organizing committee budget called from $800 million income from ticket sales, the third largest income source in the privately finance budget. Any shortfall in the budget will have to be made up by Japanese government entities.
Overall, Japan is officially spending $15.4 billion to organize the Olympics. Several government audits say the actual cost may be twice that much. All but $6.7 billion is public money.
About 4.45 million tickets were sold to Japan residents. Organizers are expected next month to announce the capacity at venues, which will be filled by local residents.
The ban on fans from abroad comes just days before the Olympic torch relay starts Thursday from Fukushima prefecture in northeastern Japan. It will last for 121 days, crisscross Japan with 10,000 runners, and is to end on July 23 at the opening ceremony at the National Stadium in Tokyo.
The relay will be a test for the Olympics and Paralympics, which will involve 15,400 athletes entering Japan. They will be tested before leaving home, tested upon arrival in Japan, and tested frequently while they reside in a secure “bubble” in the Athletes Village alongside Tokyo Bay.
Athletes will not be required to be vaccinated to enter Japan, but many will be.
In the midst of Saturday’s meeting, Bach and others were given a reminder about earthquake-prone northeastern Japan — and Japan in general.
A strong earthquake shook Tokyo and triggered a tsunami warning as Bach and others made introductory remarks before the virtual meeting. The strength was put a 7.0 by the US Geological Survey and the location was in northeastern Japan, an area hit by a huge earthquake and tsunami in 2011.
“I think the screen is shaking. Have you noticed the screen is shaking,” Tamayo Marukawa, Japan’s Olympic minister, said as she made her presentation from Tokyo talking remotely to Bach visible on a screen in Switzerland. “We’re actually in the midst of an earthquake right now.”
source: The Associated Press
Image source: AP
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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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