
Sri Lanka court orders Singapore firm to pay US$1bn for marine disaster
The MV X-Press Pearl, owned by Express Feeders, sank off Colombo Port in June 2021 after a fire burned for nearly two weeks.
The 361-page judgment stated, 'The X-Press Pearl... shall make further compensation payments as may be directed by this court.'
Environmental groups filed the case, accusing both the shipping firm and government authorities of failing to prevent the ecological catastrophe.
Initially, the company paid $7.85 million for cleanup and fishermen's compensation.
However, in 2023, a London court limited their liability to 19 million pounds ($25 million), a decision Sri Lanka is appealing.
The vessel carried 81 containers of hazardous materials, including acids and lead ingots.
Microplastic pellets from the wreck polluted an 80-kilometre stretch of coastline, halting fishing for months.
Investigations suggest the fire started due to a nitric acid leak, which the crew reportedly knew about days before the blaze.
Sri Lanka has also filed a separate lawsuit in Singapore, though proceedings are paused pending the London court's ruling.
The Singaporean firm has not yet responded to the verdict. – AFP

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The Star
7 hours ago
- The Star
Trump tariffs leave costly China supply question unanswered; Indonesia among countries deeply affected
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South-East Asian nations are highly reliant on Chinese components and raw materials, and US firms that source from the region would bear the extra tariff damage. That's left companies, investors and economists facing several unanswered questions about Trump's tariffs that appear aimed at squeezing out Chinese content, according to Deborah Elms, head of trade policy at the Hinrich Foundation in Singapore. "Is that raw materials? All raw materials? Above a certain percentage?' she said. "How about parts? What about labor or services? What about investment?' In an agreement with Indonesia last week, the White House said the two countries would negotiate "rules of origin' to ensure a third country wouldn't benefit. The deal with Vietnam earlier this month outlined a higher 40% tariff rate for transshipped goods. And Thai officials, who have yet to secure a deal, detailed that they likely need to boost local content in exports to the US. Missing Details The Trump administration isn't providing much clarity on the matter right now. US officials are still working out details with trading partners and looking at value-based local content requirements, to ensure exports are more than just assembled imported parts, according to a person familiar with the matter, who didn't want to be identified discussing private talks. A senior Trump administration official also said this week that details on the approach to transshipment are expected to be released before Aug. 1, the deadline for when higher US tariffs kick in. Some factories are already adjusting their supply chains to comply with rules that will require more locally-made components in production. Frank Deng, an executive at a Shanghai-based furniture exporter with operations in Vietnam - and which gets about 80% of business from the US - said in an interview his firm is making adjustments as authorities appear to be more strictly enforcing country-of-origin rules. Vietnam has always had specific local content requirements for manufacturers, Deng added, including that a maximum of 30% of the volume of raw materials originates from China, and the value after production in Vietnam must be 40% higher than the imported raw materials. "We've been struggling to meet all the standards so that we can still stay in the game,' Deng said. "But I guess that's the only way to survive now.' For most of Southeast Asia, reducing the amount of Chinese-made components in manufacturing will require a complete overhaul of their supply chains. Estimates from Eurasia Group show that Chinese components make up about 60% to 70% of exports from Southeast Asia - primarily industrial inputs that go into manufacturing assembly. About 15% of the region's exports now head to the US, up about four percentage points from 2018. Local Content The US has become increasingly vigilant about China's ability to bypass US trade tariffs and other restrictions through third countries since Trump's first trade war in 2017. Thailand signaled its frustration over the lack of clarity for how much local content is needed in goods exported to the US to avert transshipment rates, but noted it will likely be much higher than a traditional measure of 40%. "From what we've heard, the required percentage could be significantly higher, perhaps 60%, 70%, or even 80%,' Deputy Prime Minister Pichai Chunhavajira said July 14. "Emerging countries or new production bases are clearly at a disadvantage,' he said, as their manufacturing capabilities are still at an early stage and must rely on other countries for raw goods. Vietnam, Thailand and Malaysia have all taken steps this year to address Trump's concerns, increasing scrutiny of trade that passes through their ports including new rule-of-origin policies that centralize processing and imposing harsh penalties on transshippers. Developing nations may still struggle to enforce Trump's rules or comply with the rules if it means going up against China, their largest trading partner and geopolitical partner. "The reality is it's not enforceable at all,' said Dan Wang, China director at Eurasia Group. "Chinese companies have all kinds of ways to get around it and those other countries have no incentive to enforce those measures, or capacity to collect the data and determine local content.' -- Reports from Patpicha Tanakasempipat, Skylar Woodhouse and Nguyen Dieu Tu Uyen. -- ©2025 Bloomberg L.P.

Barnama
7 hours ago
- Barnama
58th AMM Highlights ASEAN's Balancing Act Amid Superpower Rivalry
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Amid renewed geopolitical competition, an analyst opined that China's Foreign Minister Wang Yi's active engagement reflected Beijing's evolving foreign policy posture and its desire to align with ASEAN's principles of peace and neutrality. 'Wang's participation was a productive time for China. It was an opportunity to show its international standing and willingness towards dialogue,' said Dr Rowena Abd Razak, a historical consultant and an Associate with IMAN Research (A Kuala Lumpur-based think tank which focuses on the domains of protective security, peacebuilding and sustainable development). She noted that China's reiteration of support for the Zone of Peace, Freedom and Neutrality (ZOPFAN), along with Wang's meeting with Rubio, demonstrated Beijing's openness to working within international frameworks. Undoubtedly a feather in the cap for ASEAN, 'these moves undeniably showcased China's ability to play a savvy foreign policy game - one that is markedly different from perceived US aggression and the unpredictability of (Donald) Trump's presidency,' she said. Rowena added that Wang's conduct during the meetings reflected an alignment with ASEAN's aspiration to maintain peace and advance a nuclear-free Southeast Asia. Despite China being an economic superpower and Southeast Asia's dependence on the Chinese economy, Wang's approach also showed deference to ASEAN centrality and Malaysia's role as the regional bloc's Chair this year, she said. From an economic perspective, she said Beijing is capitalising on the region's growth potential, mainly as the US adopts increasingly protectionist policies. She cited the proposed upgrade of the China-ASEAN Free Trade Agreement (CAFTA 3.0) as reflecting Beijing's vision of deeper integration with the region. 'Beijing sees ASEAN as an important zone of trade and exchange, particularly amid growing US economic isolation,' she said, referring to the debilitating tariffs imposed on ASEAN member states. 'Wang is expressing Beijing's view of ASEAN's importance and positioning China as a champion for the region,' she added. WASHINGTON RECOVERS LOST GROUND Concurring with Rowena, Universiti Malaya (UM) Security and International Relations analyst Collins Chong Yew Keat said this year's AMM served as a platform for ASEAN to assert its relevance amid intensifying great power competition. Rubio's attendance reflected Washington's attempt to re-engage the region more consistently and rebuild strategic trust. He attributed this to the US attempting to recover lost ground and re-establish itself as a security and economic partner. 'This year's meetings marked a turning point in US efforts to restore credibility and demonstrate dependable support for ASEAN centrality, especially after years of transactional diplomacy. 'While China's rise has been structured and steady, the US is now working to show it remains committed to ASEAN's future,' he said. Rubio's reaffirmation of support for ASEAN principles – neutrality, regional autonomy, and freedom of navigation – was significant, especially amid tensions in the South China Sea and the Taiwan Strait. 'The emphasis on shared values, rules-based order and connectivity offered by Rubio provides a needed contrast to China's assertiveness,' he added. Still, Collins said ASEAN must balance engagement with both powers without eroding unity or compromising neutrality. MALAYSIA ACTS AS A BRIDGE-BUILDER Collins also said this year's AMM tested ASEAN's strategic maturity as the global order becomes more fragmented. It seemed to have passed with flying colours. He said Washington's clearer messaging and sustained high-level participation reflected an understanding that past diplomatic absences had created a vacuum increasingly filled by China. 'ASEAN is now in the spotlight to prove that it remains a relevant and cohesive force amid competing frameworks like the Quad, a grouping comprising Australia, India, Japan and the US and AUKUS, the trilateral security partnership between Australia, the United Kingdom and the US. 'There is now recognition in Washington that inconsistency has damaged trust in the region,' he said. Looking ahead, Collins said that Malaysia's ASEAN Chairmanship for the remainder of 2025, especially at the upcoming summit and with leaders of dialogue partners, possibly including US President Trump, will be pivotal in steering the bloc through a complex regional environment. He added that Putrajaya, Malaysia's federal administrative capital, has the diplomatic credibility to act as a trusted interlocutor between competing powers. 'Malaysia must step forward as a bridge-builder to ensure ASEAN remains cohesive while promoting inclusive, rules-based cooperation with all major powers. 'Malaysia's leadership will be critical in strengthening ASEAN mechanisms, advancing economic resilience and anchoring strategic convergence based on mutual respect and autonomy,' he said. Wang participated in key sessions during the AMM, including the ASEAN-China and ASEAN Plus Three (APT) meetings. Rubio, on his first official visit to Asia, participated in the ASEAN-US Foreign Ministers' Meeting and held bilateral talks with Wang on the sidelines. The meetings, held from July 8 to 11, were hosted under Malaysia's 2025 ASEAN Chairmanship, with the theme 'Inclusivity and Sustainability'. -- BERNAMA BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies. Follow us on social media : Facebook : @bernamaofficial, @bernamatv, @bernamaradio Twitter : @ @BernamaTV, @bernamaradio Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial TikTok : @bernamaofficial


The Star
7 hours ago
- The Star
US drops sanctions on Myanmar junta allies after Trump praise
A trishaw driver rides as his passenger uses an umbrella to cover themselves from the rain in Yangon on July 21, 2025. -- Photo by Sai Aung MAIN / AFP YANGON (AFP): The United States has lifted sanctions on several allies of Myanmar's ruling general and their military-linked firms, a US Treasury notice shows, after the junta chief sent a glowing letter of praise to President Donald Trump. Junta chief Min Aung Hlaing seized power in a 2021 coup, deposing the civilian government and sparking a civil war that has killed thousands, leaving 3.5 million displaced and half the nation in poverty. Two weeks ago, the top general sent a letter to Trump, responding to his threat of tariffs by lauding his presidency with praise, including for shutting down US-funded media outlets covering the conflict. A US Treasury notice on Thursday said sanctions were dropped against KT Services and Logistics, the Myanmar Chemical and Machinery Company, and Suntac Technologies -- as well as their managers. In a statement, a US Treasury Department spokesperson denied there was an "ulterior motive" in the move, although the notice did not provide a reason for the removals. "Anyone suggesting these sanctions were lifted for an ulterior motive is uninformed and peddling a conspiracy theory driven by hatred for President Trump," said the spokesperson, on condition of anonymity. They added that individuals were "regularly added and removed" from the sanctions list "in the ordinary course of business." KT Services and Logistics and its CEO Jonathan Myo Kyaw Thaung were described as junta "cronies" when they were sanctioned in 2022 for leasing Yangon's port from a military firm for $3 million a year. The Myanmar Chemical and Machinery Company and its owner, Aung Hlaing Oo, and Suntac Technologies owner Sit Taing Aung were sanctioned later that year for producing arms, including tanks and mortars. A third Myanmar national, Tin Latt Min -- who the US previously described as owning "various companies that are closely related to the regime" -- was also removed from the sanctions list. Trump sent a letter to junta chief Min Aung Hlaing earlier this month, one among a raft of missives despatched to foreign leaders during his global tariff blitz. The letter -- believed to be Washington's first public recognition of the junta's rule since the coup -- threatened Myanmar with a 40 percent levy unless a trade deal was struck. Min Aung Hlaing responded with a multi-page letter expressing his "sincere appreciation" for Trump's message and praising his "strong leadership". - AFP