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- China, which is developing its navy at a feverish pace, has commissioned two more guided missile destroyers taking the total of such warships to 20 with more in the pipeline, state-media reported on 13th may.
- Two Type 052D guided missile destroyers were launched last 10th May in Dalian, a coastal city, state-run Global Times reported.
- Their commissioning marked the 19th and 20th of launches of their kind, the report said and quoted Chinese analysts as saying that plans are afoot to build more guided missile destroyers.
- China now has 20 Type 052Ds either in active service or being fitted out for service soon, the report said.
- Destroyers are fast, highly manoeuvrable long distance warships which are also used to accompany the aircraft carriers.
- The People’s Liberation Army Navy (PLAN) last month celebrated its 70th anniversary in which Indian naval ships, including the indigenously developed missile destroyer, INS Kolkata along with tanker INS Shakti took part in the fleet review held at Qingdao.
- The PLAN is currently regarded as the world’s fastest growing navy with new vessels being added to the fleet on a monthly basis.
- While it has one aircraft carrier, the Liaoning which was commissioned in 2012, its second indigenously built aircraft carrier is currently undergoing trials and a third one is being built at a feverish pace. China plans to acquire about five to six aircraft carriers in the coming years, according to reports in the official media.
- As part of the new military doctrine advocated by President Xi Jinping, the 2.3 million-strong Chinese military, the largest in the world, has cut down the size of its army by three lakhs in the last few years and expanded its navy and air force manifold to enhance its global influence.
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- ITC Group announced on 13th May managing director Sanjiv Puri will be the company's new chairman and managing director.
- Puri, 56, was promoted after the death of Y C Deveshwar, ITC's legendary leader, on 11th May.
- Puri, an alumnus of IIT-Kanpur and Wharton School of Business, has spent his career with ITC, reported the Economic Times on 13th May. He joined the company in 1986 and rose through the ranks like Deveshwar, his mentor
- Puri, in 2014, was made president of the FMCG businesses, a new position that was created to take overall charge of the entire segment comprising cigarettes, packaged food, personal care, education and stationery products, safety matches and agarbattis, reported Economic Times.
- "The Board of Directors of the company at the meeting held today appointed Sanjiv Puri, Managing Director, also as the Chairman of the Company with effect from May 13, 2019. Consequently, Puri's new designation is Chairman and Managing Director of the company," ITC said in a regulatory filing.
- In 2017, ITC had split the role of the Executive Chairman between Chairman and Chief Executive Officer as part of succession planning in the company.
- Deveshwar, 72, had stepped down from executive role in 2017 but remained as a chairman in non-executive capacity.
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- The Sri Lankan government 13th May blocked social media following rising tensions between the minority Muslims and majority Sinhalese in the wake of the Easter Sunday bombings which killed nearly 260 people.
- The blockade comes a day after Sri Lankan police imposed curfew in the country's western coastal town of Chilaw where a mob attacked a mosque and some shops owned by Muslims in a dispute that started on a Facebook post by a Muslim shop owner.
- The blockade of Facebook and WhatsApp has been imposed form mid night following violent incidents between the minority Muslim and majority Sinhalese communities, officials said.
- Late in the evening on Sunday, the unrest spread to Kuliyapitiya where a mosque and a few Muslim owned shops came under attack, prompting the authorities to impose curfew in the northwest town.
- "The curfew imposed in Kuliyapitya and Chilaw has been lifted," police spokesman Ruwan Gunasekera said.
- The majority nationalist groups have been active on Facebook, reviving calls for boycotts of Muslim-owned businesses and spreading hate.The voilence is a direct fallout from the Easter Sunday's suicide bombings.
- Nine suicide bombers, including a woman, carried out a series of devastating blasts that tore through three churches and three luxury hotels, killing 258 people and injuring over 500 others on April 21.
- The Islamic State claimed responsibility for the attacks, but the government has blamed local Islamist extremist group, the National Thawheed Jama'ath (NTJ), for the bombings
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- The world's largest contract manufacturer Foxconn is poised to nominate the head of its chip business as chairman to succeed Terry Gou, who plans to run in Taiwan's presidential election, two people with direct knowledge of the matter said.
- Liu Young is also a board member of Foxconn's Japanese electronics unit Sharp Corp.
- The nomination would come after Gou told Reuters in April he planned to step down as chairman of the Apple Inc supplier so younger talent could move up the Taiwanese firm's ranks.
Gou is set to retain a seat on the proposed board at Foxconn, formally known as Hon Hai Precision Industry Co Ltd.
- However, he told reporters last week he would resign as chairman of the board to demonstrate his determination to run for election.
- A company filing last week showed proposed candidates for Foxconn's new board included Gou and Liu, as well as Sharp Chairman Tai Jeng-wu and Foxconn Interconnect Technology Ltd Chairman Lu Sung-Ching.
- The proposed board is subject to shareholder approval at a meeting in June before a chairman can be elected.
- The company did not immediately respond to a request for comment on Monday. The two people with knowledge of the matter declined to be identified, saying the matter was still private.
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