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Bangkok Bank
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14 декабря 2016, 16:25

FOX Networks suing Bangkok Bank over TV payment guarantees

An Asian unit of 21st Century Fox announced Wednesday it has launched legal action against Thailand’s biggest bank for failing to honor payment guarantees it made on behalf of operators of two digital TV channels.

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12 октября 2016, 14:15

Рынок Таиланда рухнул на слухах о смерти короля

Валюта Таиланда и фондовый рынок рухнули до многомесячных минимумов в среду на слухах о смерти короля Пхумипона Адульядета.

03 августа 2016, 17:51

Fiserv (FISV) Q2 Earnings In Line, Raises View for 2016

Fiserv Inc.'s (FISV) second-quarter 2016 adjusted earnings from continuing operations of $1.08 per share came in line with the Zacks Consensus Estimate.

29 июля 2016, 18:29

Fiserv (FISV) to Post Q2 Earnings: Will it Surprise Again?

Fiserv, Inc. (FISV), is slated to report second-quarter 2016 results on Aug 2.

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03 июня 2016, 17:03

Fiserv (FISV) Scales 52-Week High on Solid Growth Prospects

Fiserv, Inc. (FISV) reached a new 52-week high of $106.65 in yesterday's trading session. Its shares have been rising since May 5 when the company announced its first quarter 2016 results.

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14 марта 2016, 19:10

8 killed in Bangkok bank chemical leak

Eight people died at the headquarters of one of Thailand’s largest banks when workers accidentally triggered the release of fire extinguishing chemicals during an upgrade of the building’s safety system,

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01 марта 2016, 12:43

Bangkok Bank says not yet approved loan guarantee for Jasmine

BANGKOK, March 1 (Reuters) - Bangkok Bank will decide whether to provide a loan guarantee for Jasmine International PCL's 4G license financing only after it has seen the firm's new business model and the payment terms set by the telecoms regulator, Chansak Fuangfu, the bank's executive director, said on Tuesday.

05 февраля 2016, 22:35

Akamai Technologies (AKAM) Q4 Earnings: What's in Store?

Akamai Technologies, Inc. (AKAM) is set to report fourth-quarter 2015 results on Feb 9.

01 октября 2014, 14:39

Мьянма выходит из изоляции

Промышленно-коммерческий банк Китая и три крупнейших банка Японии получили одобрение на начало деятельности в Мьянме, стране в Юго-Западной Азии, которая выходит из 50-летней экономической изоляции.  Промышленно-коммерческий банк Китая, а также банки Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, Mizuho Financial Group и Australia & New Zealand Banking Group получили предварительное одобрение, заявил комитет по лицензированию иностранных банков Мьянмы. Банки стремятся утвердиться на рынке Мьянмы, которая восстанавливает связи с мировой экономикой через 50 лет после установления власти военного правительства. Согласно прогнозу Всемирного банка ВВП Мьянмы вырастет в этом году на 7,8%. "Мы нацелены на то, чтобы обслуживать иностранные компании, а также обслуживать финансовые институты на внутреннем рынке, – заявил Эндрю Гежи, глава ANZ по международным банковским операциям. - Совершенно ясно, что для нас здесь много возможностей". Банки Bangkok Bank, Malayan Banking, Oversea-Chinese Banking и United Overseas Bank также получили предварительные лицензии, действительные в течение 12 месяцев. Окончательное одобрение Во время этого периода банкам необходимо выполнить определенные обязательства, которые они обозначили в своих заявках на выдачу лицензии, продемонстрировать функциональные банковские операции, а также выполнить требования Центрального банка Мьянмы, заявил комитет по лицензированию иностранных банков Мьянмы. Если они выполнят эти требования, то Центральный банк выдаст им окончательную лицензию. 25 иностранных банков подали заявки на лицензии согласно данным ANZ. Регуляторы Мьянмы предпочитают привлечь больше компаний, которые будут принимать участие в корпоративном банковском обслуживании и привлекать прямые иностранные инвестиции в страну. В прошлом году ANZ открыл представительство в Янгоне. В 2012 г. Мьянма приняла закон об иностранных инвестициях, который должен стимулировать интерес со стороны зарубежных компаний. В том же году США начали ослабление экономических санкций против страны, после того как президент страны Тхейн Сейн начал процесс демократических преобразований, в результате которых лидер оппозиции Аунг Сан Су Чжи был избран в парламент после 15 лет домашнего ареста. Банк OCBC, который открыл представительство в Янгоне, крупнейшем городе Мьянмы, 20 лет назад, будет оказывать клиентам услуги по управлению наличными средствами, проектному и торговому финансированию, а также по консультированию в области ценных бумаг, заявили представители банка.  Изоляция МьянмыСША, ЕС и Канада ввели санкции против военной власти Мьянмы, после того как они продлили арест оппозиционного лидера. До этого, в 2007 г., войска подавили там антиправительственные протесты. Кроме того, США отслеживают все операции Мьянмы в долларах, которые совершаются и за ее пределами, поэтому в страну сложно провести какой-либо платеж. В Бирму не поставляется оружие из США, не делаются иностранные инвестиции, Штаты ничего оттуда не импортируют, Канада не поставляет туда гуманитарные товары. В 2011 г. в стране начались политические реформы по борьбе с коррупцией, улучшающие обменный курс и условия для иностранных инвестиций и налогообложения. По степени свободы экономику Мьянмы ставят в один ряд с северокорейской, рыночные процессы в ней подавляются. С 1 января 2012 г. были отменены визовые санкции Евросоюза в отношении руководства этой страны. 1 апреля 2012 г. в Мьянме прошли свободные выборы в парламент. Из 50 мест 43 получила демократическая оппозиция, а еще два — коммунисты.

19 апреля 2013, 22:38

Bangkok Bank (Thailand's largest lender which rose 1.6% today and reported a 7.8% increase in quarterly profits AH) says it has built up loan loss reserves equal to 203% of its NPL book. Similarly, Thailand's third largest lender Siam Commercial Bank, notes that "higher provisions [are now necessary] as a counter-cyclical buffer." Investors, the World Bank, and Thai monetary authorities are all concerned that cheap property loans have created a credit bubble in Thailand which could jeopardize economic growth and may impede the Thai central bank's ability to adopt more accommodative policies.

Bangkok Bank (Thailand's largest lender which rose 1.6% today and reported a 7.8% increase in quarterly profits AH) says it has built up loan loss reserves equal to 203% of its NPL book. Similarly, Thailand's third largest lender Siam Commercial Bank, notes that "higher provisions [are now necessary] as a counter-cyclical buffer." Investors, the World Bank, and Thai monetary authorities are all concerned that cheap property loans have created a credit bubble in Thailand which could jeopardize economic growth and may impede the Thai central bank's ability to adopt more accommodative policies. Post your comment!

07 марта 2013, 01:20

Chavez and Thaksin: A Tale of Two Socialists and Western Hypocrisy

Tony CartalucciActivist Post Confounding was the Australian's (newspaper) recent op-ed titled, "Death of a ruthless autocrat," in regards to the late Hugo Chavez. Confounding not for the op-ed's condemnation of socialist policies or its criticism of Hugo Chavez, an obstruction to Western corporate-financier interests in South America for over a decade, but because of the obscene hypocrisy displayed throughout, from a newspaper and a corporate-financier-academic establishment in Australia that coddles a figure in nearby Thailand that is every bit as guilty of everything it accuses Chavez of.Image: When is blood-red socialism OK (Thailand) and when is it "ruthless autocracy" (Venezuela)? The answer depends on whether or not you serve Wall Street and London's international order. Contrary to popular belief, socialism is not a unified global ideology and is instead like any tool - only as good or bad as the hands it finds itself in. The use of socialism by two governments no more indicates an affiliation than would guns in the hands of two opposing armies on a battlefield.The piece begins with: HE was lionised as a hero by the Western Left, of course, but it would be hard to find a leader in recent history who more comprehensively betrayed the wellbeing of his country than Venezuelan president Hugo Chavez. He was driven by an irrational, demagogic and self-defeating antagonism towards Washington that blinded him to his nation's best interests.The rambling narrative of the Australian equates to condemning Venezuela for not opening itself up to Western exploitation, domination by corporate-financier monopolies, and the folly of its challenging of the West's campaign of global aggression from Mali, Libya, and Syria, to Pakistan, Afghanistan, and Iraq. google_ad_client = "pub-1897954795849722"; /* 468x60, created 6/30/10 */ google_ad_slot = "8230781418"; google_ad_width = 468; google_ad_height = 60; In fact, the Australian itself makes a point of condemning Chavez for his support of Saddam Hussein, who's nation was occupied by the West during a brutal 10 year war, following a decade of sanctions that in total cost the lives of over 2 million Iraqis (including half a million children) and still counting. The Australian implies that Chavez was wrong to support Iraq, despite documented evidence that the Western assault on Iraq was waged upon a patently false pretense. The Australian condemns Chavez' "populist economics" and ends its piece by stating: Thumbing your nose at Washington and aligning your country with the world's worst dictatorships is a recipe for disaster. Those who come after Mr Chavez should see that and change course.Thumbing your nose at Washington and its interests is indeed a recipe for disaster, as has been thumbing your nose at brutal empires throughout human history. Your nation will become the target of covert military operations, terrorism, political subversion, and economic sabotage, the very root of Venezuela's current malaise. Thumb your nose long and hard enough at the West, and you may even become subject to an outright invasion, as was the case in Iraq, Libya, Vietnam, and Afghanistan. Or, you may suffer a long-term proxy war, as Syria now faces. In reality, the Australian reveals what Hugo Chavez was really guilty of. Not of being a "ruthless autocrat," or of being a socialist, but of being independent and for having the nerve to challenge the extraterritorial interests of an increasingly violent and unhinged West. Thaksin Shinawatra - Populist, Socialist, Ruthless Autocrat, and Darling of the West. Of course, the most preposterous statement of the Australian's op-ed would easily be, "but it would be hard to find a leader in recent history who more comprehensively betrayed the wellbeing of his country than Venezuelan president Hugo Chavez." The Australian might start with Thaksin Shinawatra of Thailand, propped up and coddled by the West since the 1990s, and to this day given free passage throughout the West despite being a convicted criminal and a fugitive from the law in his native country.The Australian's editorial board itself has lent support to his despotic, nepotist regime, currently led by his own sister, Yingluck Shinawatra, defending him as a progressive, pro-democratic force in Thailand. In a 2011 Australian news article preceding Thailand's national elections, no where is found the same venomous language directed at Chavez in describing Thaksin's own populist/socialist schemes. No mention at all is made of Thaksin's grotesque human rights record - the worst in Thai history, his intimidation of the press, and his habitual assault on any and all who challenge him. Indeed, while the Australian calls Hugo Chavez a "ruthless autocrat," it was Thaksin Shinawatra of Thailand who mass murdered 3,000 innocent people over the course of 90 days during a so-called "war on drugs" where police were sent into the streets to conduct extrajudicial executions. It would later be determined that most of the those murdered were not even involved in the drug trade. Human Rights Watch (HRW) would confirm this in their 2008 report titled, "Thailand’s 'war on drugs'," a follow up to the much more extensive 2004 report, "Not Enough Graves." To this day Thaksin counts his "war on drugs" as one of the many highlights of his 2001-2006 stint in office. And while the Australian fails to remind readers of this inconvenient fact, other Western propagandists, such as the Economist, boldly defend the mass murder that took place under his ruthless regime. In its op-ed titled, "Thailand's drug wars: Back on the offensive," the Economist states: Faced with soaring methamphetamine abuse, Mr Thaksin ordered the police to draw up blacklists of suspected traffickers and “to act decisively and without mercy”.The Economist would also go on to say:On the streets of Khlong Toey, the largest slum in Bangkok, there is nostalgia for Mr Thaksin's iron-fisted drugs policy. The 2003 crackdown drove up prices, smashed trafficking networks and forced addicts into rehabilitation programmes. In drug-ravaged communities, where the ends tend to justify the means, that was enough to turn Mr Thaksin into a hero.The Economist finishes its op-ed by lamenting that the then military-led government which ousted Thaksin in 2006, had not kept up Thaksin's abhorrent, extrajudicial campaign of mass murder:You might expect a military junta with sweeping powers to have kept up the fight against such illicit activity. Anti-narcotics officials say that drug seizures have risen since the military coup in September 2006.And more recently, the Huffington Post hosted Stanley Weiss of the Business Executives for National Security (BENS) and his op-ed titled, "The Oracle of Thailand," where he praises Thaksin Shinawatra's populist-socialist policies and suggests the US would be better off if it applied his "Thaksinomics" across America. Weiss openly admits that Thaksin Shinawatra, despite being a convicted criminal and living in exile, is running the country by nepotist proxy. Yet, he defends what he considers a brilliant exploitation of Thailand's desperately poor, notoriously under-educated rural population, spinning it as: The great innovation of Thaksin and Pansak (along with U.S.-trained academic Somkid Jatusripitak) was "the increased role of government in the allocation of credit," as Chulalongkorn University Professor Pasuk Phongpaichit writes. But not just anywhere: "Thaksinomics" focused the government's attention on the poor and rural areas of Thailand. Arguing that "a country is a company and a company is a country," the self-described "CEO Prime Minister" approached the national economy like a business, looking for ways, as Pasuk explains, to "mobilize any dormant or unexploited assets including unused natural resources and neglected human resources." Tapping unused reserves of credit in the state banking system, the team created one rural credit fund after another. To lower household expenses, they offered low-cost housing and health insurance; provided subsidized credit for buying taxis and provided loans for children to get to school.One might wonder how that is any different than what Hugo Chavez did in Venezuela, who also won over the population in part by using state money to subsidize his support base. The difference is simple: Hugo Chavez used socialism to co-opt the population in opposition to the Wall Street-London international order, while Thaksin Shinawatra co-opted Thailand's rural poor on behalf of Wall Street and London's interests.Weiss' BENS front is lined with representatives of America's Fortune 500 who have played a pivotal role in both Thaksin' rise to power, and his continued relevance in Thai politics. Thaksin had been prime minister from 2001-2006. Long before Thaksin Shinawatra would become prime minister in Thailand, he was already working his way up the Wall Street-London ladder of opportunity, while simultaneously working his way up in Thai politics. He was appointed by the Carlyle Group as an adviser while holding public office, and attempted to use his connections to boost his political image. Thanong Khanthong of Thailand's English newspaper "the Nation," wrote in 2001: "In April 1998, while Thailand was still mired in a deep economic morass, Thaksin tried to use his American connections to boost his political image just as he was forming his Thai Rak Thai Party. He invited Bush senior to visit Bangkok and his home, saying his own mission was to act as a "national matchmaker" between the US equity fund and Thai businesses. In March, he also played host to James Baker III, the US secretary of state in the senior Bush administration, on his sojourn in Thailand."Upon becoming prime minister in 2001, Thaksin would begin paying back the support he received from his Western sponsors. In 2003, he would commit Thai troops to the US invasion of Iraq, despite widespread protests from both the Thai military and the public. Thaksin would also allow the CIA to use Thailand for its abhorrent rendition program. In 2004, Thaksin attempted to ramrod through a US-Thailand Free-Trade Agreement (FTA) without parliamentary approval, backed by the US-ASEAN Business Council who just before 2011's elections that saw Thaksin's sister Yingluck Shinawatra brought into power, hosted the leaders of Thaksin’s "red shirt" "United Front for Democracy against Dictatorship" (UDD).Image: The US-ASEAN Business Council, a who’s-who of corporate fascism in the US, had been approached by leaders of Thaksin Shinwatra's "red shirt" street mobs. (click image to enlarge) The council in 2004 included 3M, war profiteering Bechtel, Boeing, Cargill, Citigroup, General Electric, IBM, the notorious Monsanto, and currently also includes banking houses Goldman Sachs and JP Morgan, Lockheed Martin, Raytheon, Chevron, Exxon, BP, Glaxo Smith Kline, Merck, Northrop Grumman, Monsanto’s GMO doppelganger Syngenta, as well as Phillip Morris.Photo: Deposed autocrat, Thaksin Shinawatra before the CFR on the even of the 2006 military coup that would oust him from power. Since 2006 he has had the full, unflinching support of Washington, Wall Street and their immense propaganda machine in his bid to seize back power.Thaksin would remain in office until September of 2006. On the eve of the military coup that ousted him from power, Thaksin was literally standing before the Fortune 500-funded Council on Foreign Relations giving a progress report in New York City. Since the 2006 coup that toppled his regime, Thaksin has been represented by US corporate-financier elites via their lobbying firms including, Kenneth Adelman of the Edelman PR firm (Freedom House, International Crisis Group, PNAC), James Baker of Baker Botts (CFR), Robert Blackwill of Barbour Griffith & Rogers (CFR), Kobre & Kim, and currently Robert Amsterdam of Amsterdam & Peroff (Chatham House). Robert Amsterdam of Amsterdam & Peroff, would also simultaneously represent Thaksin's "red shirt" UDD movement, and was present for the inaugural meeting of the so-called "academic" Nitirat group, attended mostly by pro-Thaksin red shirts (who literally wore their red shirts to the meeting). Additional support for Thaksin and his UDD street-front is provided by the US State Department via National Endowment for Democracy-funded "NGO" Prachatai." Time to Grow Up It is time for the general population to refine their understanding of socioeconomic-political processes. Socialism is not an internationally unified political ideology. It is a set of tools that is only as good or as bad as the hands that wield them. And just because these tools can be found in two different hands, does not mean that both hands serve the same agenda - no more so than would guns in two opposing armies' hands indicate a mutual agenda or alliance. Hugo Chavez used socialism to build a support base, because if he didn't, Wall Street and London would do it themselves with their proxy opposition front in Venezuela - just as they have done in Thailand with Thaksin Shinawatra. The proof is in the West's own narrative, where they hypocritically celebrate Thaksin Shinawatra's "Thaksinomics" while condemning Chavez' "Chavismo." It would appear that socialism is only "OK" if it is used to co-opt the population for the interests of Wall Street and London. "Thumb your nose" at the West, and it doesn't matter what socioeconomic strategy you employ, you are a "ruthless autocrat" whose days are numbered and whose memory will be immediately defiled upon your passing. Governments do not adhere to political ideologies, they simply use them when and where profitable. In the US where a corporate-financier oligarchy literally writes the policy for politicians on both sides of the aisle, the use of socialism and "free market" economics is done in tandem to achieve a multitude of goals that would be impossible using only one or the other. While the West itself placates its population with socialism, such policies are condemned when employed contra to their interests, especially when used to galvanize a population against Western advances - as was the case in Chavez' Venezuela. In reality, socialism is but a single tool. An entire nation cannot be sustained upon it, no more than an entire house can be built using only a hammer. The true test of a government is not whether it uses socialism or not, but with what other tools it employs it. A nation must seek to build upon socialism's stop-gaps with sustainable, pragmatic solutions. Outside of Wall Street and London's international order, many nations are doing just that, but progress is difficult to gauge when the West arrays the summation of its influence and power against such progress. google_ad_client = "ca-pub-1897954795849722"; /* 468x60, created 7/28/12 */ google_ad_slot = "9833874419"; google_ad_width = 468; google_ad_height = 60; The general population's habit of perceiving socialism, capitalism, or any other socioeconomic system as a unifying ideology is folly. The ruling elite, whichever side they stand on, do not see such systems as unifying ideologies, but merely tools. It is time for the general population to look at how these tools are used, and whose hands they are actually in, instead of fixating on the tool itself as being inherently "good" or "bad." The story of Chavez and Thaksin illustrates the double standards and hypocrisy hidden in plain sight and casts doubts on narratives proposing anyone using "socialism" is part of a unified global cabal. Such a notion falls flat unless financial and political ties can be documented. In the case of Hugo Chavez and Venezuela, the chasm between his movement and the West's use of socialism couldn't be any deeper or wider.Tony Cartalucci's articles have appeared on many alternative media websites, including his own at Land Destroyer Report, Alternative Thai News Network and LocalOrg. Read other contributed articles by Tony Cartalucci here.Enter Your Email To Receive Our Daily Newsletter Close var fnames = new Array();var ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';var err_style = ''; try{ err_style = mc_custom_error_style; } catch(e){ err_style = 'margin: 1em 0 0 0; padding: 1em 0.5em 0.5em 0.5em; background: FFEEEE none repeat scroll 0% 0%; font- weight: bold; float: left; z-index: 1; width: 80%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz- initial; -moz-background-inline-policy: -moz-initial; color: FF0000;'; } var mce_jQuery = jQuery.noConflict(); mce_jQuery(document).ready( function($) { var options = { errorClass: 'mce_inline_error', errorElement: 'div', errorStyle: err_style, onkeyup: function(){}, onfocusout:function(){}, onblur:function(){} }; var mce_validator = mce_jQuery("#mc-embedded-subscribe-form").validate(options); options = { url: 'http://activistpost.us1.list-manage.com/subscribe/post-json? u=3ac8bebe085f73ea3503bbda3&id=b0c7fb76bd&c=?', type: 'GET', dataType: 'json', contentType: "application/json; charset=utf-8", beforeSubmit: function(){ mce_jQuery('#mce_tmp_error_msg').remove(); mce_jQuery('.datefield','#mc_embed_signup').each( function(){ var txt = 'filled'; var fields = new Array(); var i = 0; mce_jQuery(':text', this).each( function(){ fields[i] = this; i++; }); mce_jQuery(':hidden', this).each( function(){ if ( fields[0].value=='MM' && fields[1].value=='DD' && fields[2].value=='YYYY' ){ this.value = ''; } else if ( fields[0].value=='' && fields [1].value=='' && fields[2].value=='' ){ this.value = ''; } else { this.value = fields[0].value+'/'+fields[1].value+'/'+fields[2].value; } }); }); return mce_validator.form(); }, success: mce_success_cb }; mce_jQuery('#mc-embedded-subscribe-form').ajaxForm(options); }); function mce_success_cb(resp){ mce_jQuery('#mce-success-response').hide(); mce_jQuery('#mce-error-response').hide(); if (resp.result=="success"){ mce_jQuery('#mce-'+resp.result+'-response').show(); mce_jQuery('#mce-'+resp.result+'-response').html(resp.msg); mce_jQuery('#mc-embedded-subscribe-form').each(function(){ this.reset(); }); } else { var index = -1; var msg; try { var parts = resp.msg.split(' - ',2); if (parts[1]==undefined){ msg = resp.msg; } else { i = parseInt(parts[0]); if (i.toString() == parts[0]){ index = parts[0]; msg = parts[1]; } else { index = -1; msg = resp.msg; } } } catch(e){ index = -1; msg = resp.msg; } try{ if (index== -1){ mce_jQuery('#mce-'+resp.result+'-response').show(); mce_jQuery('#mce-'+resp.result+'-response').html(msg); } else { err_id = 'mce_tmp_error_msg'; html = ' '+msg+''; var input_id = '#mc_embed_signup'; var f = mce_jQuery(input_id); if (ftypes[index]=='address'){ input_id = '#mce-'+fnames[index]+'-addr1'; f = mce_jQuery(input_id).parent().parent().get(0); } else if (ftypes[index]=='date'){ input_id = '#mce-'+fnames[index]+'-month'; f = mce_jQuery(input_id).parent().parent().get(0); } else { input_id = '#mce-'+fnames[index]; f = mce_jQuery().parent(input_id).get(0); } if (f){ mce_jQuery(f).append(html); mce_jQuery(input_id).focus(); } else { mce_jQuery('#mce-'+resp.result+'-response').show(); mce_jQuery('#mce-'+resp.result+'-response').html(msg); } } } catch(e){ mce_jQuery('#mce-'+resp.result+'-response').show(); mce_jQuery('#mce-'+resp.result+'-response').html(msg); } } } BE THE CHANGE! 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05 марта 2013, 18:20

Is Google Fueling The Ivory Trade?

BANGKOK -- A conservation group claims that Google has something in common with illicit ivory traders in China and Thailand: It says the Internet search giant is helping fuel a dramatic surge in ivory demand in Asia that is killing African elephants at record levels. The Environmental Investigation Agency, a conservation advocacy group, said in a statement Tuesday that there are some 10,000 ads on Google Japan's shopping site that promote the sale of ivory. About 80 percent of the ads are for "hanko," small wooden stamps widely used in Japan to affix signature seals to official documents. The rest are carvings and other small objects. Hanko are used for everything from renting a house to opening a bank account. The stamps are legal and typically inlaid with ivory lettering. The EIA said Japan's hanko sales are a "major demand driver for elephant ivory (and) have contributed to the wide-scale resumption of elephant poaching across Africa." Google said in an emailed response to The Associated Press, "Ads for products obtained from endangered or threatened species are not allowed on Google. As soon as we detect ads that violate our advertising policies, we remove them." The EIA said it had written a letter to Google CEO Larry Page on Feb. 22 urging the company to remove the ads because they violate Google's own policies. It said Google had not responded to the letter or taken down the advertisements. "While elephants are being mass slaughtered across Africa to produce ivory trinkets, it is shocking to discover that Google, with the massive resources it has at its disposal, is failing to enforce its own policies designed to help protect endangered elephants," said Allan Thorton, the U.S.-based president of the EIA. Curbing the trade in so-called "blood ivory" is at the top of the agenda of the 178-nation Convention on International Trade in Endangered Species, or CITES, which is meeting in Bangkok this week to discuss how to protect the planet's biodiversity by regulating the legal trade of flora and fauna and clamping down on smuggling. Around 70 years ago, up to 5 million elephants are believed to have roamed sub-Saharan Africa. Today, just several hundred thousand are left. Over the last few years, as Asian economies have grown and demand for ivory has risen, the slaughter of elephants has reached its worst level in more than two decades. Last year alone, some 32,000 elephants were killed in Africa, according to the Born Free Foundation, which says black-market ivory sells for around $1,300 per pound. Much of it ends up as tourist trinkets and carvings. CITES banned the international ivory trade in 1989, but the move did not address domestic markets. Wildlife groups say legal ivory markets in China and Thailand are used to hide much larger trade in illegally poached ivory. Japan imported stockpiles of ivory before it began complying with the CITES rules. Google's advertising policies state that Google "doesn't allow the promotion of products obtained from endangered or threatened species," including elephant tusks, rhino horns and products made from whales, sharks and dolphins. Thorton said the policies were laudable "but sadly these are not being enforced and that's devastating." Concerned Internet shoppers have alleged that ivory is being sold on other sites as well, including eBay. Some objects now offered for more than $1,000 apiece are marketed as "ox-bone" or "faux ivory." At least one wildlife group, the United Kingdom-based International Fund for Animal Welfare, has said it has worked with eBay to help them enforce anti-ivory trading policies by showing them how their rules are being flouted and improving efforts to flag suspicious items. In 2007, IFAW alleged that eBay was "one of the main channels through which trafficking in wildlife and wildlife products are conducted online," but it has said the shopping site clamped down after IFAW shared research with them concerning illegal trading.

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09 февраля 2013, 19:18

Buying and Selling Gold and Silver in Bangkok, Become Your Own Central Bank with Precious Metals – YouTube

Check our website daily at http://www.figanews.com Buying and Selling Gold and Silver in Bangkok,... [[ This is a content summary only. Visit http://georgesorosblog.blogspot.com for full links, other content, and more! ]]

02 февраля 2013, 01:57

Dr. Andrew Steer: Water Risk to Business Is No Small Drip

At the World Economic Forum in Davos last week, I was struck by how often the issue of water risk was raised by business executives. As the global economic turmoil is receding, many CEOs and global leaders are turning to other threats -- and water is high on the list. For the second year in a row, water crises were named among the top four global risks at the WEF. It's easy to see why. More than 1.2 billion people already face water scarcity. By 2025, two-thirds of the world population will experience water stress. That's largely due to population increase and climate change, but also behavior patterns: Water use grew twice as fast as population growth in the 20th century. The "food-water-energy nexus" was one of the top four megatrends to watch in the recently released Global Trends 2030 report by the U.S. National Intelligence Council. CEOs increasingly recognize that water is essential for their business models and economic growth. Disrupted availability of affordable, clean water leads to business interruptions, increased commodity costs, and reduced earnings. The extreme drought gripping much of the United States is likely to cost up to 1 percent of GDP, potentially making it the costliest natural disaster in U.S. history. More than half of the Global 500 companies that responded to the 2012 Carbon Disclosure Project Global Water Report cited "detrimental" water-related impacts. These effects include property damage from drought or flooding, higher prices for water itself, poor water quality requiring on-site pre-treatment, and fines and litigation over pollution. According to the report, the associated costs for some companies ran as high as $200 million, up 38 percent from the previous year. Measuring and Managing Water Risk Until recently, it has been difficult to accurately assess the business risks related to water. Water risks are unequally distributed around the globe, and businesses have lacked geographically specific information to understand the water problems they face. Further, much of the available information is outdated or the data is not precise enough to be useful to grasp geographic differences. Given the importance of water, we are flying frighteningly blind. This week, the World Resources Institute is launching a new online platform to be a go-to source for accurate and high-quality water-risk information. The mapping tool, the Aqueduct Water Risk Atlas, offers an unprecedented level of resolution and a comprehensive picture of water risks around the world. It enables companies, investors, governments, and the public to assess risks using 12 indicators. It breaks down water quantity and quality and reputational and regulatory factors, giving users a multi-faceted view of the particular water challenges they face. In the coming months, a new projection tool will be added that will allow users to better manage risks in light of likely impacts from climate change, population and economic growth. The tool is geared toward business. GE and Goldman Sachs are two of the founding members, and there are now more than a dozen partners on the project. WRI also worked with partners in academia, government, and civil society to develop the tools. Several major companies have already used earlier versions. McDonalds, for example, asked its top 350 suppliers' facilities to use the tool to report on local water risks at their facilities. Other companies -- including Bank of America/Merrill Lynch, Owens-Corning, and Procter & Gamble (also a funder) -- have used the tool to evaluate risks. How Businesses Respond Water risks are increasingly compromising businesses. The U.S. drought has disrupted shipping along the Mississippi River. Sea surge from Hurricane Sandy impacted major companies in New York and New Jersey. And we all recall the massive floods in 2011 in Bangkok, Thailand, that disrupted global supply chains. In response, companies are realizing they need to work with governments and local communities to improve water management. Some industries are beginning to define water stewardship principles and water accounting standards. For example, 45 major companies representing hundreds of billions of dollars in revenue endorsed the U.N.'s Global Compact CEO Water Mandate, an initiative designed to help companies develop, implement and disclose water sustainability policies and practices. In Davos, a group of CEOs -- including Shell CEO Peter Voser, and executives from Dow, DuPont, Siemens, McKinsey and others -- launched an initiative to address the Food-Energy-Water Stress Nexus. Through this initiative, companies are looking to partner with governments, communities, and non-profits to better understand the complex linkages between food, energy, and water. They also hope to develop local approaches to reduce resource risk and enhance economic resilience. What I heard in Davos was encouraging. Many businesses understand what's at stake and are beginning to adapt their practices. Hopefully, the companies that are leading will drive more businesses to manage their growing water risks.

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08 января 2013, 13:21

Тайланд: менеджмент банка Bangkok Bank прогнозирует рост кредитного портфеля в 2013 году

Крупнейший кредитор в Тайланде Bangkok Bank повысил собственный прогноз по росту спроса на кредиты до 7-9% в текущем году на фоне экономического роста страны, в то время как в декабре менеджмент ожидал увеличения показателя на 6-7%.

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22 октября 2012, 18:45

Spiegel On Schrödinger Schauble: When It Gets Serious, He Has To Lie

By now everyone knows, even the mainstream media, that in Europe if one is a member of the oligarchy, "when it becomes serious, you have to lie" as the unelected viceroy of neofeudal Europe Jean-Claude Juncker said once upon a time, back when Greece and Spain were still "fine." Everyone also knows that judging by politican commentary and statement, in Europe it has been very serious for the past 3 years, as the lies have not ended. In fact, the more insolvent a country, the more serious it got, and the more gruesome and unbelievable the lies emanating thereof were. The one place where lying was at least somewhat contained was Europe's paymaster, Germany, which now is actively vying to not only not cede banking supervision to the ECB, but is seeking to displace the central bank in the budget and FX central planning category with a push to be elected budget commissioner and FX tsar. Eventually it will get its wish, but more when we cross to that bridge. Which is why it is surprising that today, German financial magazine Spiegel calls out none other than German FinMin Wolfi Schauble for doing precisely what Juncker was caught doing 2 years ago. Lying. From Spiegel: German Finance Minister Wolfgang Schäuble has been inconsistent in his statements about Greece recently, and is now having to explain himself. But even as he has tried to clarify, yet another contradiction has appeared.   Wolfgang Schäuble is guided by two maxims in the euro crisis: He knows what is going on, and if something goes wrong, it's probably someone else's fault.   For example, the German finance minister tends to get upset when his European colleagues, the heads of government and representatives of the European Commission, once again forget about joint resolutions they've already reached, and everyone talks over each other at the same time.   Schäuble has determined the reason for this cacophony. He believes that, unlike himself, and perhaps Chancellor Angela Merkel, many decision-makers in Europe are overwhelmed by the crisis. He is convinced that they often fail to understand the details of bailout policy, and that this frequently turns communication in the euro zone into a "disaster."   But now Schäuble has followed their example. Unlike his European colleagues, though, he was man enough to create an unparalleled chaos of communication all on his own. So what did the man, whom we correctly penned as Schrodinger Schauble many months ago, precisely for his ability to take both sides of the argument with uncanny precisions, so to finally expose himself to the German press? The object of "contradiction" - why the endless Greek money black hole of course. On a tour through Asia in mid-October, the fateful question facing the monetary union was raised once again: Will Greece remain a member or not?   The drama began at a panel discussion hosted by the BBC in Tokyo, when Schäuble appeared with his confidante Christine Lagarde, head of the International Monetary Fund (IMF). Schäuble usually enjoys his meetings with Lagarde, but this time the two friends tangled with one another.   Schäuble repeated what the government in Berlin had been preaching for months, namely that a decision could only be made after the troika -- made up of the IMF, the European Commission and the European Central Bank (ECB) -- had issued its report. Lagarde disagreed, arguing that the stricken country needs more time to satisfy the requirements of its creditors.   Lagarde was merely expressing what everyone already knows, and what Merkel has already decided, namely that Greece should be rescued. But because the current restructuring program is unrealistic, the operation will be more expensive than planned.   Her response could have been an opportunity for Schäuble to explain his own view. But instead he perceived it as an affront, and stated that such speculations were not helpful. It was his way of retaliating. That was the beginning. Then things got even more convoluted and apparently it was all Bill Murray's fault: But on the next stop of the trip in Singapore, Schäuble had apparently changed his mind. At an event hosted by the Singaporean-German Chamber of Industry and Commerce, he said, in an inimitable mixture of German and English: "It will not happen that there will be a Staatsbankrott in Greece." A Staatsbankrott is a national bankruptcy.   The news attracted attention, especially in Europe. But by then Schäuble was already in Bangkok, and was irritated because he felt misunderstood. He said that it was impossible that he could have said anything in Singapore that contradicted what he had been saying all along.   Schäuble spent half an hour trying to justify what he had said in front of the journalists traveling with him. A speech to Asian investors, he said, simply had to be clearer than one he would give at home. Besides, he added, he finds it difficult to express himself as precisely in English as he can in German. In other words, it was clearly a case of "lost in translation."   But Schäuble knows that both arguments are unconvincing. News spreads within seconds from any place in the world, especially when two dozen German journalists are along for the ride. Besides, Schäuble's English had been good enough for his appearance on the BBC with Lagarde just two days earlier. By then it was too late, and as one can see in the price of Greek bonds, his statement has lifted confidence that not only will Germany fund any and all Spanish and Italian inevitable failures, but will continue funding the Greek even horizon with crisp repo'ed EUR bills. The truth is that Schäuble is torn between taking responsibility for European policy and taking domestic political factors into account. He knows that saving the euro is going to cost more money, but he also fears resistance within the center-right coalition government in Berlin and among the German people. This explains why he sometimes takes one position or another.   This was also the case when Jörg Asmussen, the German representative on the ECB Executive Board, revived the plan to create a repurchase program for Greek sovereign debt while in Tokyo. Under the plan, the Greek government would borrow money from the euro bailout fund, the European Stability Mechanism (ESM), money it could then use to repurchase old bonds at the current rate. Greek government bonds are currently valued at about 25 percent of face value. In other words, with every euro it borrowed Athens could take €4 of old debt off the market.   The idea had hardly been floated before Schäuble was behaving as though he were hearing about the proposal for the first time. He should have known better, because his people have been working on the same type of program for some time and have already developed concrete ideas. They've calculated that with a commitment of €10 billion ($13 billion), Greece's debt burden could, in an optimal scenario, be reduced by €40 billion.   But to achieve this outcome, talks would first have to be held with the biggest investors to ensure that they would truly settle for receiving only a quarter of their claims. Experts at the German Finance Ministry hope that once the operation is over, Greece will almost be in a position to borrow money on the markets again. But that would require Schäuble to explain yet another change of position. In other words, the Greek default is as NPVed as it always has been, and any and all statements originating out of Wolfi were merely political lies, which it seems nobody in  Europe is pretending about any more. As for Greece, if and when a distressed debt buyback begins, which it most likely won't, perhaps the politicians will realize that to the rating agencies such an event is considered yet another event of default trigger, which means that in under 1 year Greece will have bankrupted twice without actually going bankrupt. But that is the new normal. Is there any wonder why everyone in Europe is now merely engaged in lying instead of pretending to even believe there is a mathematical solution to an intractable problem?

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26 сентября 2012, 20:34

[[GE]] has sold a 7.6% stake in Thailand's Bank of Ayudhya to unnamed institutional buyers, and says it's reviewing options for its remaining 25% stake. GE, which is looking to sell non-core GE Capital assets, reportedly raised $462M through the sale, which came at a price 5.4% lower than Ayudhya's Tuesday close in Bangkok. Ayudhya shares fell 7.5% on the news. (previous)

GE has sold a 7.6% stake in Thailand's Bank of Ayudhya to unnamed institutional buyers, and says it's reviewing options for its remaining 25% stake. GE, which is looking to sell non-core GE Capital assets, reportedly raised $462M through the sale, which came at a price 5.4% lower than Ayudhya's Tuesday close in Bangkok. Ayudhya shares fell 7.5% on the news. (previous) Post your comment!

14 сентября 2012, 23:07

#S17 Solidarity From the Global South: Stop Financial Speculation on Food and Climate

) The fight of Occupy Wall Street is the struggle of all movements in the world. Finance capital, that created the crisis in 2008, has increased its power instead of being disciplined. At present, world GDP is 64 trillion US dollars while the derivatives market reached the incredible figure of 1,500 trillion US dollars in 2011. The speculative economy is 250 times larger than the real economy of the world. Now banks and Transnational corporations (TNCs) are moving to speculate on the impacts of the climate and environmental crises that the capitalist system has created. Prices of food are beginning to climb again because of climate change and speculation in a world where 1 billion people already suffer from hunger. The banks and TNCs like Cargill, Wal-Mart, Monsanto are seeing this situation as a new opportunity to make profits through food derivatives, natural resource grabbing, GMOs, agro-fuels, free trade agreements, structural adjustments, austerity plans and other mechanisms to increase the privileges of the 1% at the expenses of the 99% of the world and at tremendous cost to our Mother Earth. From 15 to 17th of September, in solidarity with Occupy Wall Street, we will raise our voices and promote actions to ban derivatives in food, dismantle the power of the banks and TNCs, stop the privatization of water and public services, cancel the illegitimate debts that are strangling our sisters and brothers in Europe, achieve deep cuts in greenhouse gas emissions and restore a life in harmony with nature. Bangkok, August 31, 2012 SIGNED: All Nepal's Peasants' Federation Alliance of Progressive Labor, Philippines Aniban ng Manggagawa sa Agrikultura (AMA-Pilipinas) Assembly of the Poor, Thailand ATTAC France ATTAC Japan Bangladesh Kishani Sabha Bangladesh Krishok Federation Bhartiya Kisan Union, BKU, India Focus on the Global South FTA Watch, Thailand Global Alliance for Incinerator Alternatives Global Forest Coalition Indonesian Civil Society Forum for Climate Justice Indonesian Political Economy Association Jubilee South-Asia Pacific Movement on Debt and Development Karnataka Rajya Raitha Sangha, India KIARA (The People's Coalition for Fisheries Justice), Indonesia Kilusang Mangingisda (Fisherfolk Movement), Philippines Koalisi Anti Utang (Anti Debt Coalition) Indonesia KRuHA (People's coalition for the right to water), Indonesia La Via Campesina Mindanao Peoples' Peace Movement Migrant Forum in Asia MONLAR, Sri Lanka NOUMINREN, Japan Philippine Rural Reconstruction Movement Polaris Institute, Canada SBI (Indonesia Labor Union) Serikat Petani Indonesia (Indonesian Peasant Union) SMI (Suluh Muda Indonesia) Sumut SNI (Indonesia Fisherfolk Union) Solidarity Workshop, Bangladesh South Indian Coordination Committee of Farmers Movements Thai Working Group for Climate Justice (TCJ) To send your own messages of solidarity, news or pictures of your actions, please email: [email protected]