Police, protesters face off in renewed clashes in Hong Kong
November 12, 2019, 11:07 am

Police, protesters face off in renewed clashes in Hong Kong

Police fired tear gas at protesters who littered streets with bricks and disrupted morning trains for the second day in a row as Hong Kong’s anti-government demonstrations turned increasingly violent. (File photo: Reuters)

Police fired tear gas at protesters who littered streets with bricks and disrupted morning trains Tuesday for the second day in a row as Hong Kong’s five months of anti-government demonstrations turned increasingly violent.

Protesters and police faced off in and around several university campuses as classes were cancelled. Subways were partially shut down, and passengers on one commuter train disembarked short of the station and were escorted along the tracks in video shown on Hong Kong television.

Recent weeks have been marked by escalating vandalism against shops and train stations and assaults by both protesters and pro-Beijing supporters on the other side.

Hong Kong leader Carrie Lam, speaking to news media after a weekly meeting with advisers, called the blocking of the morning commute “a very selfish act.”

“People from different sectors in society are holding fast to their positions and refusing to concede to violence or other radical actions,” she said. “I hereby express my gratitude to those who are still going to work and school today.”

On Monday, a police officer drew his gun during a struggle with protesters, shooting one in the abdomen. In another neighborhood, a person was set on fire after an apparent argument. The Hong Kong hospital authority said both were in critical condition. Video of another incident showed a policeman on a motorcycle riding through a group of protesters in an apparent attempt to disperse them.

Police say those events are being investigated but defend the officers’ actions as necessary for their own safety.

Lam pledged Monday to stop the violent protests in comments suggesting harsher legal and police measures could be coming.

“I do not want to go into details, but I just want to make it very clear that we will spare no effort in finding ways and means that could end the violence in Hong Kong as soon as possible,” she said.

Lam refused to accept the demands for political concessions. “These rioters’ actions have far exceeded their demands, and they are enemies of the people,” she said.

One of their demands is for the government to stop labeling the demonstrators as rioters, which connotes that even peaceful protest is a criminal activity. Their other unmet demands are for democratic changes in Hong Kong’s government, criminal charges to be dropped against protesters and for police actions against the protesters to be independently investigated.

Clashes erupt

Following Lam’s comments, confrontations between protesters and police continued into the night, with black-clad demonstrators torching at least one vehicle and blocking an intersection in the Mongkok district that has been the scene of many clashes. A taxi driver was taken away by ambulance with head wounds, although it wasn’t immediately clear how he had been injured.

Police said they arrested more than 260 people on Monday, raising to 3,560 the number of arrests since the movement erupted in June.

Police fired tear gas and deployed a water cannon in parts of the city and charged onto the campus of Chinese University, where students were protesting. Online video also showed a policeman on a motorcycle riding through a group of protesters in an apparent attempt to disperse them.

Extradition bill

The protests initially began over a proposed law that would have allowed criminal suspects to be extradited to mainland China, where they could face opaque and politically sensitive trials.

Activists saw the bill as another sign of an erosion in Hong Kong’s autonomy and civic freedoms, which China promised would be maintained for 50 years under a “one nation, two systems” principle when the former British colony returned to Chinese control in 1997.

Lam eventually withdrew the extradition bill but has insisted the violence stop before any further political dialogue can take place.

District council elections on Nov. 24 are seen as a measure of public sentiment toward Hong Kong’s government. Pro-democracy lawmakers have accused the government of trying to provoke violence to justify canceling or postponing the vote.

source:The Associated Pres

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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.