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John Lineker vs. Fabricio Andrade Main Event Ends in No Contest After Unintentional Foul Stops Fight
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ONE Championship, in partnership with leading premium lifestyle and luxury performance brand TUMI, presented the prestigious ONE World Title belt to the World Champions.
ONE on Prime Video 3 Photo Gallery: https://tinyurl.com/yn93zu83
ONE on Prime Video 3 Official Scorecards: https://tinyurl.com/3ejexxt6
The main event showdown between former ONE Bantamweight World Champion John Lineker and #2-ranked contender Fabricio Andrade ended in controversy midway through the third round, after Andrade connected with an unintentional knee to Lineker's groin.
The two bitter rivals traded bombs from the sound of the opening bell, with "Wonder Boy" looking to push forward behind a stinging right jab. Lineker found openings to land his thunderous hooks, rocking Andrade in the second round. However, the younger fighter did considerable damage to Lineker with his striking, causing the veteran's right eye to nearly close by the end of the frame.
In the third stanza, Andrade connected with a knee to the midsection and had Lineker reeling in pain. "Wonder Boy" tried to follow up with another knee, but it unintentionally landed south of the waistline. After a five-minute recovery period, Lineker could no longer continue. The fight was ruled a no contest and the ONE Bantamweight World Title now remains vacant.
In the co-main event, Regian Eersel became a two-sport ONE World Champion, capturing the inaugural ONE Lightweight Muay Thai World Title behind an efficient striking display against Thai star Sinsamut Klinmee. Action was fierce throughout the five-round contest, with both men trading combinations while taking each other's best shots. Sinsamut was game from start to end, wearing Eersel's damage on his face well. But the Dutch-Surinamese fighter was just too good, as "The Immortal" increased his aggression in the championship rounds to take the split-decision victory.
Teenage Brazilian Jiu-Jitsu sensation Kade Ruotolo captured the inaugural ONE Lightweight Submission Grappling World Title, defeating multi-time Sambo World Champion Uali Kurzhev via heel hook. Ruotolo was constantly on the attack, but once he trapped Kurzhev in a leg lock situation, the American grabbed ahold of the heel and put pressure on the knee to force the tap. Ruotolo also received a US$50,000 bonus for his performance.
In a featherweight kickboxing contest, Sitthichai Sitsongpeenong and Mohammed Boutasaa figured in an all-out war of attrition for three rounds. The two met each other at the center of the Circle and looked to trade bombs in the opening stanza. Boutasaa went on the offensive in round two, as Sitthichai opted to lay back and counter. In the third frame, the Thai star came alive, moving forward with a sense of purpose. In the end, all three judges saw the bout in favor of Sitthichai to win by unanimous decision.
ONE Championship newcomer Shamil Gasanov made quick work of #2-ranked featherweight MMA contender Kim Jae Woong in his promotional debut, submitting the South Korean dynamo with a rear-naked choke in the first round. Gasanov closed the distance early and swiftly took Kim's back with an explosive takedown. After a quick scramble, the Russian's left arm wound up underneath Kim's chin as he cranked out the rear-naked choke. His performance earned him a US$50,000 bonus.
READ: Gasanov, Miado, Grandjean Score Highlight-Reel Finishes In The MMA Fights At ONE On Prime Video 3: https://tinyurl.com/m7y9jdk3
READ: Sitthichai, Naito, Zatout Victorious At ONE On Prime Video 3: Lineker Vs. Andrade: https://tinyurl.com/2p9yvfe7
Performance bonus winners: Kade Ruotolo (US$50,000), Shamil Gasanov (US$50,000), Mehdi Zatout (US$50,000), Noelle Grandjean (US$50,000)
MAIN CARD
MMA - Catchweight (145.50 lbs): John Lineker vs. Fabricio Andrade is declared a no contest in round three
Muay Thai - Lightweight: Regian Eersel def. Sinsamut Klinmee via Split Decision
Submission Grappling - Catchweight (174.00 lbs): Kade Ruotolo def. Uali Kurzhev via Submission (Heel Hook) at 4:26
Kickboxing - Featherweight: Sitthichai Sitsongpeenong def. Mohammed Boutasaa via Unanimous Decision
MMA - Featherweight: Shamil Gasanov def. Kim Jae Woong via Submission (Rear-Naked Choke) at 2:09 of R1
LEAD CARD
MMA - Catchweight (127.00 lbs): Jeremy Miado def. Danial Williams via TKO at 0:31 of R3
Muay Thai - Flyweight: Taiki Naito def. Amir Naseri via Unanimous Decision
Muay Thai - Bantamweight: Mehdi Zatout def. Asa Ten Pow via TKO at 3:00 of R1
MMA - Catchweight (116.75 lbs): Noelle Grandjean def. Lea Bivins via TKO at 4:01 of R1
IN-STADIUM (AFTER EVENT)
MMA - Featherweight: Yoon Chang Min def. Keanu Subba via Unanimous Decision
MMA - Welterweight: Agilan Thani def. Ilja Stojanov via Submission (Rear-Naked Choke) at 1:48 of R2
About ONE Championship(TM)
ONE is the world's largest martial arts organization, ranking among the world's top five sports properties for viewership and engagement with a cumulative reach of over 400 million fans, according to Nielsen. ONE produces and distributes world-class events across more than 150 countries, featuring martial artists and World Champions from over 80 nations and all styles of martial arts including MMA, Muay Thai, kickboxing, Brazilian jiu-jitsu, and more. ONE can be viewed on many of the largest global free-to-air and digital broadcasters, including Prime Video Sports, ELEVEN Sports, Star Sports, Beijing TV, iQIYI, One Sports, Abema, IB, NET TV, Vidio, Startimes, Mediapro, Thairath TV, VieOn, Skynet, Mediacorp, Spark Sport, Match TV, Dubai Sports, RedeTV and more.
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comONE Championship(TM)(ONE) made a triumphant return to the Axiata Arena in Kuala Lumpur, Malaysia, with a thrilling night of martial arts action. ONE on Prime Video 3: Lineker vs. Andrade featured a series of exciting matchups, headlined by three World Title bouts.
Myanmar Announces Direct Border Trade Currency Settlement with Thailand; Plans Similar Non-Dollar Convertibility with India in Near Future
Myanmar's Minister of Information (MOI) Mr Maung Maung Ohn and Minister of Investments and Foreign Economic Relations (MIFER) Mr Aung Naing Oo said in a joint statement today that the kyat-baht initiative is a significant development as Thailand is Myanmar's second largest trading partner after China. The Myanmar Government intends to initiate similar currency convertibility for the Indian rupee for trade along the border it shares with India.
Myanmar and China commenced kyat-renminbi settlement for border trades in January 2022. The increasing use of non-US dollar direct currency settlement for border trade underscores the strong bilateral relations that Myanmar enjoys with its neighbours.
The kyat-baht settlement arrangement was endorsed by an official notification and guidelines issued by the Central Bank earlier this month. All settlements will be conducted online as opposed to cash transactions previously.
In Fiscal Year (FY) 2020-2021 (November-to-October) border trade along five checkpoints of the Myanmar-Thai border - Tachileik, Myawady, Kawthoung, Myeik and Hteekhee, - amounted to USD4.3 billion equivalent, up from USD3.9 billion in FY 2019-2020.
Starting this month merchants along the Myanmar-Thai border who are registered with the Myanmar Economic Bank can conduct trade based on the kyat-baht exchange rate announced daily by the Central Bank of Myanmar.
In FY 2020-2021 Thailand accounted for 17.61% of Myanmar's total trade which rose to USD5.3 billion from USD5.2 billion in FY2019-2020. Myanmar's main exports to Thailand include natural gas, base metals, electronic goods, pulses, and garments. In turn, Myanmar imports from Thailand machinery, appliances transport equipment and manufactured goods.
"Myanmar's immediate neighbours account for up to 70% of the country's total trade volume. Direct non-dollar currency settlements will help to broaden and facilitate bilateral trade, flow of goods and other forms of payment and settlement with the respective countries.
"As Myanmar gradually adopts full bilateral currency swap arrangements with various countries, regional economic cooperation will also be strengthened. By reducing dependence on the US dollar, we will mitigate the risk of sudden exchange rate swings due to external geopolitical factors. Myanmar can also reduce physical money in circulation as more trade transactions migrate online. If we can succeed with such arrangements with our immediate neighbours, Myanmar can gradually reduce the dependence on the US dollar for up to 70% of Myanmar's national trade volume," the two Ministers added.
The currency arrangements will also help Myanmar reduce inflation caused by the rise of the U.S. dollar, while alleviating concerns of currency shortage within the country. The arrangements will also contribute to the economic recovery of the country which - despite rising energy prices - expects to record modest GDP growth in the current fiscal year ending October 2022.
The currency shortage and weaker kyat last year was stoked by economic sabotage by the opponents including so-called People's Defensive Force (PDF) which tried to sow distrust in the local banking and financial system. Supported by foreign elements, the outlawed PDF also launched a terror campaign which caused the lives of many Government servants, security forces, and damage to public infrastructure.
The disturbances commenced after the 1 February 2021 Proclamation to declare a state of Emergency in Myanmar. Since the second half of 2021, the country has achieved national stability under the State Administration Council (SAC) which intends to call for a multi-party general election to be held by August 2023.
ASEAN Economic Ministers' Meeting
Myanmar's Minister of Foreign Investments and Economic Relations will represent the country at the March 16-17 ASEAN Economic Ministers' Retreat. "The Ministry will update other ASEAN members on the economic impact on Myanmar caused by two recent crisis situations - the COVID-19 pandemic and civil disobedience," said MIFER Minister Aung Naing Oo.
The Ministry will also update the significant efforts Myanmar is taking to develop the small and medium enterprises especially in the agriculture and manufacturing sectors through provision of credit and measures to facilitate the business environment despite the two major challenges.
"While the pressure on the financial system has eased and the kyat has stabilized due to policies implemented by the SAC, the Russia-Ukraine conflict has caused domestic energy prices to spike.
Due to the level of development of the country and recent crisis situations, Myanmar has probably faced more challenges than most other ASEAN members in the past year or so," they said.
Minister Aung Naing Oo also said:
"Myanmar has made every effort to fulfill its obligations under the four pillars of the ASEAN Economic Community.
Myanmar is one of the earliest signatory states to deposit its instrument of ratification of the Regional Comprehensive Economic Partnership (RCEP) in accordance with the RCEP Agreement. However, Myanmar's instrument of ratification has been politicised by some RCEP participating countries. Likewise, Myanmar's ratification letter for Protocol to Implement the Tenth Package of Commitments under the ASEAN Framework Agreement on Services has also faced the same problem.
ASEAN's approaches to creating a much stronger Southeast Asia, narrowing the development gap within ASEAN, and strengthening economic resilience cannot be fulfilled if Myanmar is excluded. This is not consistent with the ASEAN Charter. Myanmar believes that such actions can affect ASEAN's centrality.
For all member countries to benefit from economic integration, an all-inclusive manner is needed in ASEAN. No country should lag in regional economic integration. Sadly, some of ASEAN's directions and actions appear mismatched on the ground.
Whatever the challenges, Myanmar will actively continue to fulfill the commitments and obligations as an ASEAN member and as a responsible global citizen."
Issued by Ministry of Information and Ministry of Investment and Foreign Economic Relations, Union Government of Myanmar.
For more information, please contact [email protected] or [email protected]
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comThe Myanmar Government has agreed to accept the Thai baht as an official currency for settling border trade starting this month. Thailand is the second country after China to permit its national currency to be exchangeable with the Myanmar kyat for border trade activities.
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