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SBMA PROVIDES INTERESTING TEMPLATE FOR DOING BUSINESS IN THE TIME OF COVID-19 GLOBAL OUTBREAK SBMA Senior Deputy Administrator Renato Lee (left) and his staff discuss an investment proposal with prospective investors in Taiwan during a recent video conference. HENRY EMPEÑO
S
By Henry Empeño
UBIC BAY FREEPORT— It might be business as usual for the Subic Bay Metropolitan Authority (SBMA) amid the Covid-19 outbreak, but doing transactions with customers and investors is now taking on a novel form.
THE video conference allowed for remote but live information exchanges between SBMA business officials and their counterparts from a Taiwanese company. HENRY EMPEÑO
Last week, officers from the SBMA Business and Investment Group’s Business and Investment Department for Maritime and Manufacturing hooked up with businessmen in Taiwan through a teleconference to discuss a prospective investment project. Linked by a telecommunications system, the SBMA team engaged in a live discourse and exchange of information with their counterparts who were all donning face masks. “We have had initial face-toface discussions previously, but because of travel restrictions due to the Covid-19 threat, our clients
couldn’t travel all the way from Taiwan this time,” explained SBMA Senior Deputy Administrator for Business and Investment Renato Lee, who led the SBMA team. “So this is the option we took—and it worked all right,” he added. Lee said the two groups managed to take up every essential item in the proposed project during the remote meeting that lasted close to two hours. “They were looking for a suitable location—a factory-warehouse type of building, so we Continued on A2
Arab royal feud exposed in London amid claims of spying and hacking By Ryan Gallagher
W
Bloomberg News
HAT began as a legal dispute over a hotel has unfolded in a London courtroom in recent weeks into an extraordinary tale of royal intrigue, one that includes allegations of global undercover spying operation, hacked e-mails and a covert public relations campaign.
The investment authority of Ras Al Khaimah, one of the seven emirates that make up the United Arab Emirates (UAE), sued an Iranian-American aviation executive named Farhad Azima in 2016 for breach of contract in relation to the sale of a hotel in Tbilisi, Georgia. Azima counter-sued, alleging that authorities in Ras Al Khaimah hired contractors who hacked his e-mails. The trial wrapped up on February 14, 2020, and a judge in London’s High Court is currently mulling over a decision, which is expected in March. If the judge finds in Azima’s favor, he would be the first person to successfully sue a foreign government for hacking,
according to Kirby Behre, a former federal prosecutor and an attorney with Miller & Chevalier, which represents Azima. The Ras Al Khaimah Investment Authority, known as RAKIA, has denied any involvement in the hack. Azima “made a series of false and unsubstantiated allegations against RAKIA, including the hacking of his personal e-mails,” a spokesperson for RAKIA said in a news statement. “These allegations were strongly denied by RAKIA.” The trial exposed a bitter rift among Ras Al Khaimah’s ruling class, and it also cast an uncomfortable spotlight on Western companies that allegedly played a role in helping the Arab govern-
PESO EXCHANGE RATES n US 50.9370
MARJAN Island in the emirate of Ras al Khaimah in the UAE.
ment hack target, or discredit adversaries. The courtroom drama unfolded amid rising concerns about the use of sophisticated surveillance and hacking technologies—often sold by private companies to gov-
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ernments for the stated purpose of tracking criminals and terrorists—against human-rights advocates, journalists and adversaries. In January, for instance, security experts said Amazon.com Inc. Chief Executive Officer (CEO) Jeff
Bezos’s personal iPhone was likely hacked through malicious software sent to him by a WhatsApp account associated with Saudi Arabia’s crown prince, Mohammed bin Salman. Saudi Arabia denied the allegation.
The case was heard by a UK court due to a clause in a contract between Azima and Ras Al Khaimah, which stated that any disagreement arising out of their work together would be settled in England. The feud in Ras Al Khaimah dates back to at least June 2003, when Sheikh Saud bin Saqr Al Qasimi became crown prince after his older half-brother, Sheikh Khalid bin Saqr Al Qasimi, was removed from power by their father, allegedly over differences on women’s rights and the US invasion of Iraq. (Sheik Saud became ruler of the emirate in 2010 when his father died.) Concerned that Sheikh Khalid may have subsequently conspired to undermine his rule, an official working for Sheikh Saud hired a security adviser in London, the Page Group Ltd., to spy on Sheik Khalid and discover the people he was meeting, according to court testimony. The Page Group’s founder, Stuart Page, a former counter-terrorism officer with London’s Metropolitan Police, testified that after receiving a phone call in 2008 from a contact in Dubai, he was flown by private jet to a meeting in Lebanon—and offered a contract to carry out investigations for Sheikh Saud. Continued on A2
n JAPAN 0.4649 n UK 65.6425 n HK 6.5362 n CHINA 7.2720 n SINGAPORE 36.5140 n AUSTRALIA 33.4554 n EU 56.0409 n SAUDI ARABIA 13.5781
Source: BSP (February 28, 2020)