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...their industries to remain competitive with China's, central bankers throughout the region have been trying to keep their currencies from appreciating against the dollar?an increasingly difficult challenge as their economies strengthened. Yuan reform could remove the first log from the logjam?the Japanese yen, Korean won and Thai baht all rose against the greenback immediately after China revalued. And within an hour of Beijing's announcement, Malaysia ended its 7-year-old peg of the ringgit to the dollar, which was imposed during Asia's financial crisis to help stabilize the faltering economy. Malaysia had to move almost...

Author: /time Magazine | Title: The Yuan Effect | 7/25/2005 | See Source »

...months ago, thai Prime Minister Thaksin Shinawatra seemed indestructible. His approval rating soared to nearly 80% and his party clinched a landslide victory in February's parliamentary election. But in the past few weeks, Thaksin has started to look more vulnerable. Violence by Muslim separatists in the country's south has continued to escalate, and the economy has been bruised by December's tsunami as well as surging oil prices: GDP is now expected to grow 4.5% in 2005?down sharply from last year's 6.1%. A corruption scandal involving his Transport Minister has also hurt. A poll by Assumption...

Author: /time Magazine | Title: Thaksin's Troubles | 7/18/2005 | See Source »

...around to studying DNA from victims whose bodies prove difficult to identify by other means. Dental records are highly reliable; in many of the inquests that opened last week, they were cited as the basis for identification. The same was true after last year's tsunami. Pornthip Rojanasunan, a Thai forensic scientist who named 2,400 of the roughly 6,000 who died in Thailand, says, "The most useful method in identifying [tsunami] victims was their dental records." Coroners also rely on possessions - clothing, footwear, jewelry, watches, eyeglasses, together with scars, moles, birthmarks, tattoos and identity papers the person...

Author: /time Magazine | Title: The Hardest Count | 7/17/2005 | See Source »

...EVICTED. 6,500 HMONG REFUGEES, as part of a Thai government plan to force them to return to their native Laos; from their villages in Phetchabun province in Thailand. The Hmong, more than 300,000 of whom fled neighboring Laos when the Communists came to power in 1975, are seen as illegal immigrants by Thai authorities, who suspect them of drug trafficking. The Hmong refugees spent 36 hours without shelter, leading to the death of a 2-month-old girl; doctors say they have been instructed to stop providing medical care to the Hmong, and vendors claim to have been...

Author: /time Magazine | Title: Milestones | 7/11/2005 | See Source »

...U.W.S.A. soldiers charged up Gon Kha's steep, unforested flanks, sometimes in broad daylight?a suicidal tactic even for the battle-hardened Wa. Yawd Serk claims that some were drugged?a search of U.W.S.A. bodies, he says, revealed pills of methamphetamine, a powerful narcotic generally known by the Thai name yaba (crazy medicine). Others were simply too young to know better. "Some of their soldiers must have been 15 or 16 years old," says Yawd Serk...

Author: /time Magazine | Title: Caught in the Middle | 6/25/2005 | See Source »

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