Bank Asya, a leading Turkish financial institution, announced on Sunday that their corporate governance rating had increased in June over its score from last year.
The bank released the figures in an announcement addressed to the Public Disclosure Forum (KAP). According to a recent report prepared by the Capital Markets Board (SPK), Bank Asya’s corporate governance rating increased from 84.20 in June 2013 to 90.85 in June of this year.
The founders of Bank Asya are known for being affiliated with the Hizmet movement, inspired by Islamic scholar Fethullah Gülen. News reports circulated earlier this year indicating the government had attempted to sabotage the bank, as corporations with close ties to Prime Minister Recep Tayyip Erdoğan withdrew upwards of TL 4 billion from their accounts, accounting for nearly one-fifth of the bank’s deposits.
TUSKON key in trade with Turkey, top Russian group says
The Turkish Confederation of Businessmen and Industrialists (TUSKON) plays a critical role in cementing investment and trade ties between Turkey and Russia and is a key partner for its Russian counterparts, the head of a top Moscow-based business group said on Wednesday.
Indonesian students in Turkey at risk of Gulen purge
Some 300 Indonesian students in Turkey are seen at risk of losing their education stipends as President Recep Tayyip Erdoğan tightens his grip on national security following the failed coup attempt in mid-July. Meanwhile, PDI-P lawmaker Charles Honoris said there was no need for the government to heed Erdoğan’s call to close down nine Gülen-affiliated schools in Indonesia, dismissing the Turkish President’s advances as “paranoia.”
To escape punishment, punish them all
The Turkish prime minister has decided that if he continues to be angry and vengeful, his power will be cemented. In his latest address in Parliament, he pushed his angry discourse to higher — or lower — levels, to make clear that he will not forgive and he will punish. Since he has chosen the Hizmet movement as the enemy, all he wants to do is inflict harm, regardless of on who or what.
Twitter shouldn’t let itself become a tool for tyrants
Journalists have been in Mr. Erdogan’s crosshairs, and his campaign is pushing into the digital universe, too. Turkey is pressing Twitter to silence journalists, and Twitter must resist more vigorously. Twitter is a powerful force for free expression. “The tweets must flow,” the company likes to say. But they don’t always flow, as freedom of speech and democracy are in retreat around the globe.
Turkish govt begins massive deportation of Nigerian students
The Turkish government is in a drive to deport all Nigerian students at universities linked to Fethullah Gulen’s Hizmet movement. Gulen is an Islamic cleric whom President Erdogan of Turkey considers as his strongest rival. After the botched July 15 coup, Erdogan launched a massive crackdown on the investments of Gulen’s followers. He blamed Gulen for the coup, but he has denied the allegation.
Erdogan’s endless legitimacy crisis
Erdogan, who is avoiding dealing with the corruption charges, cannot preserve his government on the dead-end street he has entered.
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