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Posts Tagged ‘Thailand’

US negotiating larger presence in Philippines

January 26, 2012 Comments off

globalpost.com

Philippine military presence

The United States is negotiating with the Philippines for an expanded military presence in the area. (James R. Evans/AFP/Getty Images)

With an eye toward China’s growing influence in the South Pacific, President Obama and the Philippines are negotiating a greater US military presence on the island nation, the Washington Post said.

Discussions are to continue Thursday and Friday in Washington, but it appears the US military will return to the Philippines 20 years after losing its foothold there.

“We can point to other countries: Australia, Japan, Singapore,” a senior Philippine official told the Post. “We’re not the only one doing this, and for good reason. We all want to see a peaceful and stable region. Nobody wants to have to face China or confront China.”

American troops left Subic Bay in Philippines in 1992 because a new treaty could not be signed. A volcanic eruption a year earlier forced them from Clark Air Force Base.

 

Now the American plan is for Read more…

Central Banks Continue Buying Gold To Diversify Portfolios

August 5, 2011 Comments off

kitco

Gold purchases by South Korea and Thailand this summer continue a trend in which central banks are net purchasers of the metal as they look to diversify their foreign-exchange reserves.

“So far in 2011, central banks in the emerging markets have already bought more than double the gold they bought in all of 2010, and we’ve got almost five months to go for the rest of the year,” said Jeff Clark, senior precious-metals analyst with Casey Research.

This buying has occurred despite historically high prices. “So apparently, central banks don’t regard the gold price as too high,” Clark said.

For the year to date, net purchases by the world’s central banks are 203.5 metric tons, which already is a 168% increase from 76 tons for all of 2010, said Natalie Dempster, director, government affairs, with the World Gold Council.

Most of the data is gleamed international financial statistics released by the International Monetary Fund at the beginning of each month. Additionally, some central banks—such as Read more…

Gold demand strong; predicted prices around $2000

May 16, 2011 Comments off

dubaichronicle

Gold temporarily succeeded to recover some of the losses from the sizeable sell-off in early May, but fell back late Friday to end the week unchanged.

Bearish sentiment constrained gold to a weekly low of around $1479 on Thursday. However, the metal found good support at its 15-week uptrend line and rebounded, temporarily at least, back above $1500.

Physical demand for gold has raised in the Far East and Asia. Despite the 5% correction seen at the start of the month analysts continue to predict prices around the $2000 level at least by next year.

“Since the start of May, physical gold demand has been strong,” said Walter de Wet, an analyst at Standard Bank Plc in London.“While consistent physical buying interest has come from India specifically, we are witnessing a broader interest from Asia in general.”

Central banks are worth another mention as more of them look to purchase gold, with the surplus earning countries leading the way. Figures issued by the World Gold Council (WGC) show there were no transactions of gold bullion by central banks in February and March. The WGC‘s data confirm gold bullion purchases by Mexico, Thailand and Russia.

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Global Press Freedom at Lowest Level in More Than Decade

May 3, 2011 Comments off

voanews

Photo: Reuters
Journalists and activists participate in a rally calling for press freedom in central Ankara, Turkey, March 19, 2011 (file photo)

Freedom House, a U.S.-based group that monitors human rights around the world says the number of people with access to free and independent media has declined to its lowest level in more than a decade.  In its newly released annual survey, the group says several key countries saw significant declines last year and that only one-in-six people live in countries with a press designated as free.

In this year’s annual index of global media freedom of 196 countries and territories, Freedom House says it rated 68 as “free” and the remaining two thirds as “partly free” or “not free.”

Freedom House Senior Editor Karin Karlekar says this is roughly an even breakdown, but a closer look reveals a different picture. “If you look at the population statistics, they are much bleaker, only Read more…

Severe floods claim 11 lives in southern Thailand

March 30, 2011 Comments off

 

BANGKOK, March 30 —  The number of current flood-related deaths in the southern provinces now stands at 11 with the most casualties–seven persons–registered in Nakhon Si Thammarat followed by three victims in Surat Thani and one in Phatthalung, Disaster Prevention and Mitigation Director-General Vibul Sanguanpong said on Wednesday.

Officially 716,110 persons have been affected by the floods in eight southern provinces – Nakhon Si Thammarat, Phatthalung, Trang, Chumpon, Songkha, Krabi and Phangnga.

Their Majesties the King and Queen have given funds to the Red Cross for emergency help to flood victims in southern provinces, naval and other ships are involved in rescue and supply operations, and the prime minister and flood relief coordinator Satit Wonghnongtaey have Read more…

Dozens killed and injured in Burma quake: official

March 25, 2011 Comments off

smh.com

More than 60 people were killed, 90 people injured and dozens of buildings destroyed when a strong earthquake struck Burma near the Thai border, officials from both countries said today.

Tremors were felt as far away as Bangkok, almost 800 kilometres from the epicentre, Hanoi and parts of China during the earthquake yesterday, which the US Geological Survey (USGS) measured at magnitude 6.8.

A Burma official said dozens of people were killed in two towns close to the epicentre.

“The death toll of the quake has increased to more than 50 in Tarlay and Mine Lin townships,” said the official, who declined to be named.

“Roads are also closed. According to the information that we have, more than 130 buildings collapsed because of the quake. There might be more casualties and damage.”

Across the border, Thai authorities said a 52-year-old woman was killed in Mae Sai district after a wall in her Read more…

Gold Climbs, Silver Touches 30-Year High Amid Inflation Concern

February 18, 2011 Comments off

bloomberg.com

Gold rose to a one-month high as rising consumer prices boosted investor demand for an inflation hedge. Silver touched a 30-year high.

The cost of living in the U.S. climbed in January for a seventh month, the government said today. The U.K. consumer- price index rose to a 26-month high last month, a report this week showed. The precious metal has fallen 2.6 percent this year after rallying 30 percent in 2010 and touching a record in December.

“Gold is ready to resume its uptrend because of the worsening outlook for inflation,” said James Turk, founder of GoldMoney.com, which held $1.4 billion of precious metals and currencies for investors at the end of January.

Gold futures for April delivery climbed $10, or 0.7 percent, to $1,375.10 an ounce at 1:42 p.m. on the Comex in New York. Earlier, the price touched $1,385.40, the highest since Read more…